Diary of a very bad trader!

Discussion in 'Journals' started by Brianharvey, Nov 8, 2013.

  1. amitman

    amitman

    Man I don't know if your system is manual or automatic, but if its manual, it doesn's seem that you have a plan at all. In all you charts you just counter trending and loss all the time...
     
    #81     Nov 14, 2013
  2. Would you say that my last trade of the day (on the chart posted earlier) was 'counter trend' out of interest?
     
    #82     Nov 14, 2013
  3. dbphoenix

    dbphoenix

    And why do you suppose your trading went south?
     
    #83     Nov 14, 2013
  4. amitman

    amitman

    Specifically no, the stop wasn't price based and therfore got hit
     
    #84     Nov 14, 2013
  5. I don't really know.
    I'm always being told that the markets are always changing, and that nothing works forever. Maybe that's it.
     
    #85     Nov 14, 2013
  6. NoDoji

    NoDoji

    FWIW, I've been studying and day trading CL for about 4 years and the only change I've encountered is the volatility. The only adjustment I have to make is when the volatility picks up (today, for example), I don't expect to get into most of my trades with a tiny stop loss. My stop loss increases a bit and the profit target increases as well.

    That said, I trade pure price action. Other methods of trading may degrade. I was wildly profitable as a beginner and the methods I used degraded badly; I then found another consistently profitable method which also degraded badly for me.

    Once I learned price action concepts and built a plan around them, it's always the same. PA is so predictable in a trend, it just doesn't seem possible that it keeps working.
     
    #86     Nov 14, 2013
  7. dbphoenix

    dbphoenix

    Are you trying to make a living or are you doing this for fun?
     
    #87     Nov 14, 2013
  8. amitman

    amitman

    Totaly agree with last sentnce
     
    #88     Nov 14, 2013
  9. I guess everyone here would like to make a living out of it, me included.

    (Although my years on various trading forums suggest that, despite some peoples claims, this may not be possible without a lot more 'off-chart' information)
     
    #89     Nov 14, 2013
  10. Covered here at 93.90 : +28
     
    #90     Nov 14, 2013