andy, Cool. Will you be providing us charts with your entries and exits or timed trades so we can reference them? aphie
Hi, I'll take alook at posting something from IB, if it looks o.k., nothing personal, account numbers etc, I'll post it. NOT meaning you (aphie) at all, but I'm sure there are some who just don't take peoples words for things, the statements would help, I guess. LOL- FasterPussycat This practice of just following a plan is really getting me excited, can't believe it took me soooo long. Though really, and I do mean this it's not really about the system I'm using, more about following "A system/trading plan" completely, no detours !!! This is kinda embarrassing as for charts, I'm using Big Charts - NDX, it's a little off, but I'm really only looking at highs/lows, for entries, and with the big stop I have time to adjust, the delay doesn't affect me. One reason I'm going to try and stay with Big Charts and not go back to Q-Charts, is to stop me being tempted to scalp, I'd be crazy to try with Big Charts I may be crazy relaying on Big Charts anyway, but so far so good, it's what I used to papertrade ideas, maybe this will be my failing ??? Later, Andy Heres, Tuesdays ----------------- ----------- -------- ----- ----------- ----------- ----------- -------- --- 02-09-03 10:04:58 NQ SEP02 GLOBEX -1 912.5000 905.0000 150.00 -2.40 O 02-09-03 15:58:16 NQ SEP02 GLOBEX 1 900.5000 905.0000 90.00 -2.40 C ===== =========== ======== 0 240.00 -4.80 **Heres wednesdays ----------------- ----------- -------- ----- ----------- ----------- ----------- -------- --- 02-09-04 12:09:40 NQ SEP02 GLOBEX -1 902.5000 915.0000 -250.00 -2.40 O 02-09-04 14:13:29 NQ SEP02 GLOBEX 2 914.5000 915.0000 20.00 -4.80 C 02-09-04 15:59:11 NQ SEP02 GLOBEX -1 921.0000 915.0000 120.00 -2.40 C ===== =========== ======== 0 -110.00 -9.60 =========== Guess you'll get todays tomorrow. Though I probably won't post anymore after this week, just have to take my word for it, I'm only cheating myself if I lie to you guys !!
Hi, I was just meaning the numbers from IB, my daily log will carry on till the trial is over (trading trail, not court, don't want to start more confusion Hope this helps. Here's yesterdays trade report official numbers. Trade Time Description Exch Qty Trade Price Set Price Gain/Loss Comm *** ----------------- ----------- -------- ----- ----------- ----------- ----------- -------- --- 02-09-05 10:09:23 NQ SEP02 GLOBEX -1 886.5000 893.0000 -130.00 -2.40 O 02-09-05 15:59:10 NQ SEP02 GLOBEX 1 885.5000 893.0000 150.00 -2.40 C ===== =========== ======== 0 20.00 -4.80 =========== ======== USD Total: 20.00 -4.80 Have a great day out there, and be careful Later, Andy
Hi All, What a day. Got a little confused on my entry point today, following my rules just read the chart a little wrong. Anyway the market carried on in that direction, so it didn't affect any numbers or anything. I'll just give myself an A, I thought I was following my rules, that's what counts, plus I'm the one grading anyhow Stop limit order got hit (no slippage) at 922 (10.05am), 1 contract NQ. Placed 20pt trailing stop for 2 contracts. Then it was just watching it and trying to work myself up emotionally (I really don't need to watch it as much as I do) Still enjoy being in the chatroom here at Elite, breaks things up and get to see how others are trading (when they stay on Topic !! Anyway rode it all day, at one point being up 10pt's, tough to watch it slide away, but that's the plan I'm following so be it !! Close out at 4pm at 921.5 for a 1/2pt loss. Some you win some you lose, but I stayed with my plan all week - I WIN Have a super weekend, later, Andy p.s will try to post offical trades later or tomorrow
God's Grace or just good luck , you all can decide, I know what I believe,and I'm thanking Him Went back over the time frames and chart for today. When I entered my buy, thought we'd already gone past 10.05, just read my charts wrong, thats what happens when you use Big Charts Anyway, looks like I got in a little early(10-15seconds), which meant I probably would have been short a little later, not quite sure but looks that way. It would have then whipsawed me long, giving me a pretty or a ugly big loss for the day. Again I'm not totally looking at profit/loss during this time, but how I follow my plan, which to be honest, I really thought I was. Anyway, I'm still going to give myself an A (generous perhaps, but hey my intentions were there !!) One of those 50/50 things , it went in my favor this time. I guess even following a set plan there are going to be hiccups of some kind, broker problems, internet connection, or just plain dumb honest mistakes I did also at that time go through the emotions of getting long at the high of the day (for that time) for nearly an hour, even with a new low of the day happening during that time, but I kept to the plan and didn't waver. I have a rule for if a situation like this happens (really thinking if my cable or something went down, or if I'm held up somewhere and can't get to my computer till a little later) Which is to wait till 10.35, then go in the direction of new high or low of day. Hopefully this all makes sense. Please be patient with me Again, this is all about having a set trading plan, and letting it work for you. Black and white, in stone, no "if" and "buts" !! Thank you all for letting me share this week. I'll post IB stuff tomorrow. Later, Andy
Hi all, here's yesterdays statement, Trade Time Description Exch Qty Trade Price Set Price Gain/Loss Comm *** ----------------- ----------- -------- ----- ----------- ----------- ----------- -------- --- 02-09-06 10:05:04 NQ SEP02 GLOBEX 1 922.0000 920.5000 -30.00 -2.40 O 02-09-06 15:58:48 NQ SEP02 GLOBEX -1 921.5000 920.5000 20.00 -2.40 C ===== =========== ======== 0 -10.00 -4.80 A few notes, for the week ended up about 7pts, not including commissions (5 rt). I didn't spend too much time re-going over my trading days this week, just because soo much other stuff going on. Though I think on a couple of days I'd seen my P/L up over a $100 at times and then watched it come back to 0$ or down some. In fact yesterday because of the mis-read charts I went straight down 12 1/2 pt's , but no matter what my emotions were trying to do, I kept with the plan. Yes it's probably not a good trading strategy, but that's not really my concern at this time. Right now it's about following the "plan" before me, if I can have discipline I'll find a strategy that will prove profitable sooner or later, I actually think there are thousands out there, but the lack of discipline, not taking everytrade, getting out too early or too late, stops the 95% of traders from making a daily living. Just my thoughts They're usually wrong, be careful have a super weekend, Andy
Hi all, hope you all had a good weekend Followed the plan again, full marks A+, if it seems this is easy, my grades are not showing the emotions !!! Went short about 10.06am at 904.5, got to watch about 3points in my favor, then it turned and took off, thought it might come back around 11.30.am but it didn't. My 20pt trailing stop got hit and reversed me long at about 1pm (920.5 for a 16pt loss) only to go south for a while giving my emotions a feeling of a very bad day :-( All was not lost, the market wanted to go up and it did, actually I was up a little profit for the day, but closed back at 932 . Giving me a loss for the day. For the record 1st trade -16pts, 2nd trade+11.5 , total for day -4.5pts. (NQ point = $20) plus commissions. This was real tough (silly maybe), was actually up until the last 7mins of the day (I only trade to 4pm) then watched the market fall away..... Just sucks, but I'm the one in control, and I decided to keep to the plan, scored an A+, but don't feel too hot about it today !! Again I joined the chat room(elite) to help me through the day, I also got a few things around the house done. Even writing this I can tell the emotion from seeing a profit disappear right at the end of the day again,(Friday) is annoying me, but, and I mean BUT, I got to work from home, see more of my family. Really enjoying being able to walk with my wife in the morning, not rushing out to work. God has just truly blessed me. I'm still following my plan, maybe the strategy might need changing down the road, but discipline is not an easy lesson - which if I don't learn I don't belong trading !!! All right, praise to God, I'm feeling better again, must remember where to keep my focus !! have a super evening, later, Andy