How I stopped making the same mistakes in 2010 and started to make more money

Discussion in 'Journals' started by thinkfirst, Feb 3, 2010.

  1. Day 18

    Only one trade today, long ABK. I'm doing a lot of prep work to be able to trade bigger size and different setups, probably will be quiet trading week for me.


    +66
     
    #211     Apr 12, 2010
  2. Long ABK huh???

    Where would you get a crazy idea like that ?? : o )
     
    #212     Apr 13, 2010
  3. Lol Bob, I should of bought when I saw you going long on it, but that seemed to be really crazy at the time :)
     
    #213     Apr 13, 2010
  4. LeeD

    LeeD

    why is moving stop to break-even a mistake?
     
    #214     Apr 13, 2010
  5. It's not a mistake if its part of your trading plan. I used to move stop b/e because I was afraid my trade would not work vs. letting it do it's thing and letting the probabilities work. This is why for me it was a mistake. I still move stop b/e at times but only based on my plan not my emotions.
     
    #215     Apr 13, 2010
  6. Day 19

    Was trading only ABK today. Went short early in the morning, but around $3.15 went flat near b/e. After new longs got trapped and news came out about company having no value I went short again and held right to my target. It wasn't my typical trade, but I had a plan before I entered the trade and I followed that plan, didn't let emotions to interfere with the execution. Very happy with the way I followed my plan.

    +330
     
    #216     Apr 13, 2010
  7. Day 20

    I bought some highs today and sold lows, funny haw it happens sometimes. My core signals bailed me out.


    -27
     
    #217     Apr 14, 2010
  8. Day 21

    Today was very interesting and unusual day for me. I combined everything I've learned about the markets and started scalping with very small size. I can honestly say that I enjoyed it. Over time it happened more often then not that I would be right about the move for next couple of minutes and then I would either get stopped out or had to wait for some time for target to be hit. Today I was using my experience to profit from that next small move. I need at least a week of this to see if I can add it as a valid strategy.

    Also was looking at CL today, it's hard not to when NoDoji is printing money there :) I can't see easy setup every day but every other day it's pretty obvious where I can enter and exit. I might be joining you there soon NoDoji. Now I am glad March was so slow it pushed me to so many different ideas. More I trade more basic it becomes, making a full circle. Can't wait for my p&l to catch up with my experience.

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    #218     Apr 15, 2010
  9. Day 22

    Was trading GS mostly, followed my plan. Have to leave early today.

    Have a nice weekend everyone.

    +672
     
    #219     Apr 16, 2010
  10. Day 23

    Closed some of my swing positions today. No day trades.

    +746
     
    #220     Apr 19, 2010