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Fernandinho

Registered: Mar 2011
Posts: 32

10-06-12 09:57 PM

i have been trading full time for aout 1 year and still have trouble overtrading ...my goal is to trade best ideas only and cut commission by more than half....currently trading around 30k shs and about 150 contracts.. i believe the option trading is the biggest issue..... im hoping this jounral will curb my bad habits

trade and results start monday...all details will be on spreadsheet

positions - sheet1.pdf
This has been downloaded 153 time(s).

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cdcaveman

Registered: Aug 2011
Posts: 3513

10-06-12 10:59 PM

Quote from Fernandinho:

i have been trading full time for aout 1 year and still have trouble overtrading ...my goal is to trade best ideas only and cut commission by more than half....currently trading around 30k shs and about 150 contracts.. i believe the option trading is the biggest issue..... im hoping this jounral will curb my bad habits

trade and results start monday...all details will be on spreadsheet

what do you mean option trading is your problem.. describe that?

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Fernandinho

Registered: Mar 2011
Posts: 32

10-07-12 03:10 AM

I'm paying 1 per contract so the costs add up.. I sometimes scale into a position only to get shaken out intraday.. Multiple attempts On a day trade can get extremely expensive if yaou ate not confident on entry

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Fernandinho

Registered: Mar 2011
Posts: 32

10-09-12 12:21 AM

tight range day.. not a good risk day.. scalped today only.. decent progress but couldve traded less shares for longer holding periods.. added long swing positions in materials in front of Alcoa earnings, which was my plan, right or wrong

spreadsheet is pretty raw but should improve over time

positions - oct8.pdf
This has been downloaded 78 time(s).

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Fernandinho

Registered: Mar 2011
Posts: 32

10-10-12 02:00 AM

today is a great example of what im trying to avoid... im profitable but its not an excuse to overtrade.. this tends to happen on extreme days when im on the wrong side of things...... the goal for wednesday is to trade no more then 5 ideas for intraday and not trade till 10 am avoiding the market open

positions - oct9.pdf
This has been downloaded 77 time(s).

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Satan's Helper

Registered: May 2012
Posts: 154

10-10-12 02:25 AM

Two little mice fell into a bucket of cream. The first mouse quickly gave up and drowned, but the second mouse, he struggled so hard that he eventually churned that cream into butter and he walked out. Amen.

What R U going to do?

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