Casual Trading Journal

Discussion in 'Journals' started by TMTrader, Jan 24, 2004.

  1. I'd rather keep that confidential :)

    TM Trader
     
    #11     Jan 27, 2004
  2. I wasn't feeling very good today. Usually, I will not trade when I'm not in good health but I still felt I can pull it off if I take a few breaks, which I did.

    ----------------------------------------------------------------------------------------

    7 Trades - 6 Winners, 1 Loser

    2 EUR Trades = +0.0007 = +$87.5 per contract
    2 ER2 Trades = +5 = +$500 per contract
    3 ES Trades = 4.5 = +$225 per contract
    -------------
    = +$812.5 per contract

    ----------------------------------------------------------------------------------------
    1/28/04

    Time Pos inst Price Result Entry/Exit reason

    9:12 Short EUR 1.2557 Scalp it
    9:13 Stop EUR 1.2560 -0.0003 Bad start

    9:34 Short ES 1146.5 Tape turned bearish
    9:41 Stop ES 1146.25 +0.25 Stopped out, I still think it should go down

    9:55 Short ES 1146.5 What am I gonna do with my conviction???
    10:15 Cover ES 1146.25 +0.25 That one went out the window

    11:04 Short EUR 1.2575 Scalp
    11:12 Cover EUR 1.2565 +0.001 Reached preset target

    11:59 Short ER2 595.8 Weakness on other indices
    12:55 Cover ER2 594.8 +1 What a torture. I planned on staying for the long haul but this is too much

    14:22 Short ES 1141 Woohoo, let's roll (*)
    14:23 Cover ES 1137 +4 Hit my default target - Didn't even give me a chance to move it

    15:18 Short ER2 588 Why stop now?
    15:32 Cover ER2 584 +4 Lost connection to IB, now that it's back i'm not taking chances

    (*) - This trade breaks one of the basic rules in my trading: "Dont sell a selloff". I took this trade because I had a very strong "feel" that this has much more room.

    ----------------------------------------------------------------------------------------

    Since I started having problems with the connection to IB toward the end of the day (look at the last trade) I'm finishing the day early.

     
    #12     Jan 28, 2004
  3. Good trading!

    -Fast
     
    #13     Jan 28, 2004
  4. Thanks :)
     
    #14     Jan 28, 2004
  5. Awash

    Awash

    TMTrader,

    Congratulations with your trading today! You hit 6 of 7 on a day when you were under the weather, awesome. Keep it up.
     
    #15     Jan 28, 2004
  6. Thank you. As I said before, I try not to trade when I'm not feeling well, but I was feeling just well enough to spend some of the time infront of the screen.

    TM Trader
     
    #16     Jan 29, 2004
  7. Today I came in late, losing my bread and butter zone (the 9:30-11:30 timeframe) which I ejoy and profit from mostly.
    ----------------------------------------------------------------------------------------

    6 Trades - 5 Winners, 1 Loser

    4 ES trades = +9 = $450 per contract
    2 EUR Trades = +0.00012 = $150 per contract
    -------------
    = +$600 per contract

    ----------------------------------------------------------------------------------------
    1/29/04

    11:48 Long ES 1127 Will try to hold this for the long haul - Will keep a wide stop unless conditions change
    11:52 Long ES 1126 - Add It's gonna go up there (*)
    11:55 Long ES 1125 - Add Conviction - Now averaged Long @ 1126 - General market conditions still support this trade (*)
    13:07 Cover ES 1126.5 +0.5 Will exit and wait for a better entry if conditions allow it

    13:41 Short EUR 1.2397 Exhaustion move
    13:43 Cover EUR 1.2395 +0.0002 Too slow

    14:00 Long EUR 1.2365 Super-scalp
    14:02 Cover EUR 1.2375 +0.001 Done

    14:08 Long ES 1124 Long re-entry
    14:17 Cover 1/2 1128 +4 Partial
    14:48 Cover 1/2 1128 +4 Looks like weakness, might renter again later

    14:52 Long ES 1126 Another long re-entry
    14:57 Cover 1/2 1130 +4 Partial
    15:04 Cover 1/2 1132 +6 Will wait for re-entry if I get a chance

    15:41 Long ES 1131 End of day rally?
    16:09 Cover ES 1030.5 -0.5 It's not happening

    (*) - Averaging down is not my usual style, but everything pointed it's "suppose" to go up.

    ----------------------------------------------------------------------------------------

    Tomorrow I’m going to take the day off.
     
    #17     Jan 29, 2004
  8. JohnK

    JohnK

    TMT,

    What's your methodology here? Are you going to write about how you make your trading decisions? TIA
     
    #18     Feb 1, 2004
  9. Traded 4 days this week and had an exceptionally high weekly hit rate of 85.7%. This happened to me a few times in the past and in most cases subsequented in a few hard trades. I do not believe it's psychological (since I keep success only as a statistic and do not let it bother me emotionally), just a way of things to align themselves I guess.

    Weekly Results

    28 Trades - 24 Winners, 4 losers - 85.7% hit rate

    11 ER2 Trades = +15.75 = +$1575 per contract
    7 EUR Trades = +0.003 = +$375 per contract
    2 YM Trades = 5 = +$25 per contract
    8 ES Trades = 4.625 = +$731.25 per contract
    --------------------------
    = +$2706.25 per contract

    TM Trader
     
    #19     Feb 2, 2004
  10. JohnK

    JohnK

    TMT,

    Excellent results, bravo! How about your methodology?
     
    #20     Feb 2, 2004