A Trading Journal by Fortissimus

Discussion in 'Journals' started by Fortissimus, Nov 24, 2014.

  1. Nope, I made some mistakes.

    We'll get 'em next week.
     
    #21     Nov 28, 2014
  2. Today I was on the wrong side of the market and my theory was incorrect. I was anticipating a move up near the open and it never followed through. I basically wanted to fade the news from yesterday for a leg or two and that did not happen. I had one small winner, 3 full losers, and finished down -39 ticks.

    Was I prepared to trade today? I felt a little out of it today, may have been from the Thanksgiving shenanigans. Ultimately though, I was fine. B-

    Did I patiently wait for opportunities that follow my entry criteria? I don't feel like I did that great of a job with this today. A couple of my trades seemed a bit impulsive and that is not what I want at all. D

    Did I trail my stop adequately after entry and play good defense? I only had one opportunity to do this and I felt I did okay. B
    Did I aggressively press my winners? I was on the wrong side of the fence today and did not have much of a chance to do this. NA
    Did I appropriately add to my winners? I did not have the opportunity to add today. NA

    Did I follow my daily money management plan? I did, and if I wouldn't have had my one small winner, I would not have been able to take my last losing trade. I never risk losing more than 30-40 ticks in one day. A

    Was I in complete control of myself today and did I have a champion's mindset? This was sub-par today in my opinion. Two of my four entries was a little too jumpy for my liking and for this reason, I feel like I did not handle myself in a pro-like manner. D

    What grade would I give myself today for my overall trading performance? C-

    So I started to follow Yukoner's advice and grade myself to help measure how I am doing. It will be interesting to see how it goes. This week I had 2 winning days, 1 losing day, and finished +260 ticks or so. Overall, it was a great week.

    Next week I am going to start my 30k combine and will give an update at the end of each day with my results.
     
    #22     Nov 28, 2014
    Yukoner likes this.
  3. CL is in a downward spiral. Brutal....

    We will get 'em next week. Agreed!!!
     
    #23     Nov 28, 2014
  4. LMAO!!!!
     
    #24     Nov 28, 2014
    jsmacksem likes this.
  5. For some reason my results today did not get recorded into my TST trading report. I have sent out an e-mail to TST and I will see what they say.

    Today I got a quick smack-down on a few shorts after the open. Clearly I was on the wrong side of the fence today. Volatility has been insane the last 3 sessions too. I am going to adjust my charts and potentially my stops a little bit so I don't get chewed up by the noise.

    Short on time tonight, not going to go into too much details. Hopefully they have my trading report fixed tomorrow and I can post my results.
     
    #25     Dec 1, 2014
  6. TST fixed my trading report from yesterday and I will post it below. In my previous post I went into a little detail about the day, now I will go into my thoughts on my performance in this post.

    Was I prepared to trade today? Overall I felt prepared to trade.
    I felt good and did my homework. A

    Did I patiently wait for opportunities that follow my entry criteria? I did wait for my entries, I was just on the wrong side of the market today and I felt that my stops may have been too conservative based off of the current volatility with CL. I may have also been a little too jumpy with it being the first day of the combine, but that may not be completely true either. C

    Did I trail my stop adequately after entry and play good defense? My trades just did not work on this day and I did not have much of an opportunity to do this. NA

    Did I aggressively press my winners? No winners today. NA

    Did I appropriately add to my winners?
    No winners today. NA

    Did I follow my daily money management plan?
    I went 4 ticks over what I normally would call my personal daily loss limit. Technically, I slightly broke this rule, but I was more aggressive because of the extreme volatility as of late. I felt it was warranted since it was only 4 ticks over. C

    Was I in complete control of myself today and did I have a champion's mindset? I felt I was in decent control yesterday. There was a couple moments that I felt were slightly amateurish, but other than that, I though I did fine. I did not let my losses bother me the rest of the day. B

    What grade would I give myself today for my trading performance?
    Even though I was wrong on my trades and lost yesterday, I still feel I did what I was supposed to for the most part. B
     
    #26     Dec 2, 2014
  7. Yukoner

    Yukoner

    Good analysis of yourself trading. With current volatility I would give you an "A" for only going 4 ticks over your personal daily loss limit, and still doing three trades. Well done!
     
    #27     Dec 2, 2014
    Fortissimus likes this.
  8. Long story short, I screwed myself today in the combine and miscalculated my max daily loss. I am not too happy with myself for blowing the $150 and being so careless. Embarrassing... The bottom line is my stopping point for the day should not be anywhere near the max daily loss that TST requires. I need to use some common sense and readjust.
     
    #28     Dec 2, 2014
    Yukoner likes this.
  9. Yukoner

    Yukoner

    Thanks for sharing you made a miscalc... the nice thing is you can restart fresh. :)
    When I started, I found it took a bit of time to get used to TST combine rules. Now though, I am really glad I have them. They have saved me a lot of money.
     
    #29     Dec 3, 2014