Daytrading the QQQ

Discussion in 'Journals' started by Chuck Krug, Oct 10, 2013.

  1. short 100 qqq 81.98
     
    #71     Oct 23, 2013
  2. lowering stop to 81.87
     
    #72     Oct 23, 2013
  3. out 81.88 +0.1
     
    #73     Oct 23, 2013
  4. shorts 100 qqq fill at 81.95 stop 82.14
     
    #74     Oct 24, 2013
  5. bought 100 qq 82.11 stop 82.01
     
    #75     Oct 24, 2013
  6. out +.04
     
    #76     Oct 24, 2013
  7. A bit of a summary after trading 10 days

    cons: 1)when the first trade is a loser: focus to much on getting back to green, and take profit too soon/think too much about giving profits back.
    2)Average day is a winning day, but a bit too small for my liking.


    Pro: 1) 8 winning days out of 10. Good for the confidence.
    2) Biggest losing day is 1/4 of biggest winning day.



    Improvements: Do not trade the first 10 minutes after the open. Let the market show it's hand. Trade the retracement the 10 minutes after (has been this way, the majority of the last trading days.)
    Do not have the mindset that the market will take off without me (greed) (Same as taking profits too soon (fear)).
    Try to have an open mind
     
    #77     Oct 25, 2013
  8. getting ready to short QQQ in about 5 mins
    hopefull i'll get in around 83
     
    #78     Oct 25, 2013
  9. shorts 100 qqq 83.05
     
    #79     Oct 25, 2013
  10. jumped in a bit too soon
    much stop trying to predict how far the retrace goes, and just watch it, and then jump in
     
    #80     Oct 25, 2013