Well, I suppose I should get in on the 'trading journal' thing myself. I have been a self-admittedly bad trader in years past. In late 1999, not knowing what I was doing, I insisted on trying to sell the Nasdaq futures, right in the teeth of the final blow-off phase of the market. Needless to say, my account didn't last long. Trading strategy? Hah! I didn't have one. Needless to say, if you don't know who you are before you start trading, then trading's an expensive way to find out. I found out one thing though - I'm not a quitter. So I decided to go back and read and learn (something I obviously should have done BEFORE beginning to trade). Last year, I decided to try again, and traded for 2 summer months. The general idea was to trade off a 5-minute chart using MACD crossovers. I also incorporated some general timing ideas I've picked up from Linda Bradford Raschke's postings on her website. I did better this time. With a $15K account, I was up about $2K after about 6 weeks. Then I lost $1K in the course of one July week where the SP-eminis just aren't very trendy...whipsawed to death. So I decided to stop right there with my remaining $1K profit, and have another look at myself, and do some more strategy pondering. Early this year, I decided to try again. The strategy is basically the same, using some timing rules and the MACD, TRIN and NYSE up/down volume - I like catching bigger momentum trends; I'm not really a 1/2 pt-type scalper. So I've traded most days for the last 8 months, this time with a $30K account. Here's the way it's gone so far (including commissions, etc): Feb: +668 Mar: +1 Apr: -3586 May: -2118 June: -1695 July: -4361 Aug: +2015 Sept: +2314 Oct (to posting date) +4360 Net-net, I'm still down about $3K for the year, with Nov/Dec left to go. I'm realizing a couple things about myself. Dead periods, like the summer months for the SP's, I just shouldn't trade. I need momentum to do well. Second, I tend to get impatient and start rushing trades, instead of just sitting and waiting. That's what began my downfall in April, and then of course I got mad, and of course the performance just gets worse and worse. Finally, I got a hold of myself and figured out (what a revelation!) that if I could just NOT post any $600 - $1000-type 'loss days', I'd probably do OK. When I analyze my trades, that's been the big problem. I've had my share of good winning days - but then I'd blow it all then some trying to push trades, etc. July/August also marked what I hope is a turning point (unless I revert to my past sub-human form of trader, in which case I'm not going to last for long) in that I'm adopting an attitude of being a surfer. I'm always concerned about missing "the big one" - the big upmove, the big downmove. So concerned that I'd be trading on days when I really should have been sitting on my hands. So I'm thinking of myself as a surfer now. A surfer can't force the big waves to come his way. He has to sit and wait. If it doesn't look exactly right, then fine, I let the wave pass me by. And its worked. I've kept my 'powder' dry, and have been ready to take advantage of those high-probability trades that don't come around every day, and yet can lift your account by 5-10% or more. I caught the first 2 days of the current rally, Oct.10-11th. My account has been going sideways since then, because I got caught flatfooted with the rest of these huge moves in the ESZ2's. Fine, though. I'm not chasing this. I'm gonna wait. I also missed the big run-up to 900 Wednesday. But I caught the entire downmove late yesterday from 897; that contract is still open (a rarity that I'll hold overnight but I will occasionally) and I'll likely 'ring the cash register' at the open today (Friday). We'll see how it goes. It sure feels good to be a net winner, and not a loser though. I still have $3K to make up in the next 2 months just to BREAK EVEN for the tax-year, so I have to keep focused.