Hey guys! Alrighty! I feel good this morning. I'm looking to trade a little more volume today so I may not do as well. Why? Because I've got the right strategy, I just need to apply it more. So I'm willing to take on more risk. I've been trading on the conservative side of things but now I feel confident enough in my ability to trade more aggressively.
Hey guys! Well, I have to say today was the best day I've had yet. I made $395 and spent $260 making it. I kept getting these bullshit fills on the buy side, so I ended with 60 buy executions and 37 sell executions. Nice ratio huh? I didn't have any losses but I did take a few flats in a row. I feel great because I know that my ability is getting better. But, I must learn to be more disciplined.
hey guys! Wow. Well today was a roller coaster. NT has been incredibly volitile these past 2 days. Volume is also on the heavy side for that stock. Unfortunately I made $322 but spent about $315 making it. I took WAY to many flats today. I also suffered from a 4 cent loss. I was able to shrug off the loss but I was unable to keep my head up and make profitable trades. I consider today a loss. Today's lesson is be more patient. I still find myself getting intimidated by the prints. Like the stock is going to run with out me. So I end up cancelling my bid or short. I guess it will come with time. Have a good weekend guys!!!
ABSOLUTELY HORRIBLE!!! I took SSSSSOOOO many losses today. I had 2 one cent losses and one 2 cent loss. Each of them hurt. NT has been off the hook lately. One second its readable, then next second, the entire bid gets wiped out and a higher bid pops up. Jesus. I'm so embarrassed by what I did today that I'm reluctant to post it online. I gues the only way to deal with the loss is to admit I made it. Today was a defeat. I couldn't shrug the losses off today. It put me in a bad mood and I couldn't trade to the best of my ability. I thought that I was becoming more resilient to loss, but maybe I'm not. Perhaps it's because I just had a good week and I "forgot" what loss felt like. I know that sounds like bullshit but it seems to be the only logical reason I have. I don't know what it is but sometimes after I lose on a trade, I get PISSED!!! I feel so upset about today's loss that I may ask to be retrained. Today I looked around and realized something, I'm the worst trader here. I can't manage to end up net positive. Well, I made $222 and spent $262 making it. If it wasn't for for those losses, I would have made $322. I let myself down today.
Punk, I think you need to realize that most prop traders lose money consistently. So your ability to remain positive over the past week is an indication that you are are better than the worst. -ae_trading
Thanks for the positive comment. I'll keep that in mind today. Well today started off just as good as any other day. Although I have to say that both of my shins kind of hurt today. I don't know why though. It's getting cold out so that might have something to with it. I think I'm getting sick too. Today I need to curb flats and losses.
Hey guys, Well, I have to say that I could have done better. I took a one cent loss on a trade that I entered in by mistake. After that it took 7 executions to get rid of 2500 shares of NT on NYSE. It was unbelievable. I honestly think that took a good share of my profit. Dammit. On the other hand, I made $362 and spent $260 making it. Although I ended the day net positive I feel that I could have done better. I need to develop a strategy when it comes to getting shitty fills. Maybe in the future I'll only take three executions per order with a minimum of 1300 shares. In other words, if I bid for 2500 shares and only get filled for 1300 in 3 executions, then I'll cancel my order and just trade out of the 1300. I'll ask around to see what the best strategy is. Thanks for reading.
Good morning everyone! Well, I feel okay today. Meaning that an ample amount of sleep has satisfied me, but NO HOT WATER has put me a bit edge. The best way I can describe my mood right now.......well, if you could imagine waking up to the sound of glass shattering and having a caffeine rush at the same time, then you can imagine my mood right now. Well everyone, have a good trading day!!
Hey guys. Well, I have to say that today wasn't as good as I thought it was. You see, I set up my trading platform so that I can't see my P&L. So, it's kind of like a surprise at the close. I made a good number of successful trades, one 1 cent loss on 2500 shares, and one 1 cent loss on a 1000. I could have made more, but after 2:40pm, I just couldn't get filled. I made $265 and spent $149 making it. Considering the volume that I traded today, I walked away with some good profit. I made 27 buy executions, 26 sell executions (that's 53 executions in total) and 85,200 shares traded all day. All in all, it was a good day.