I'd like to become a better trader

Discussion in 'Journals' started by PO, Feb 2, 2011.

  1. PO

    PO

    long 3@11.5, stop @9.75

    I got my 1310 after all, only after hours.
    which gap are we going to fill today? 1307 is so close. but there is no selling again this morning.
     
    #121     Feb 10, 2011
  2. PO

    PO

    sell 1@13.25 - want to protect some profits for the first trade of the day.
    move stop to 11.5 for the rest
    Es is stronger this morning, NQ and YM are lagging.
     
    #122     Feb 10, 2011
  3. PO

    PO

    out another @13, and one more @12, no strong buying yet.
    we just may fill the gap below first.
    Waiting for now.
     
    #123     Feb 10, 2011
  4. PO

    PO

    order to buy @ 7.5, stop @6.5 waiting.
     
    #124     Feb 10, 2011
  5. PO

    PO

    you are welcome :p
     
    #125     Feb 10, 2011
  6. PO

    PO

    the train have left without me again. 1 point from being filled :( very frustrating. Not going to chase it now or fade it until I see a set up.
     
    #126     Feb 10, 2011
  7. PO

    PO

    I saw buying came in earlier than my target, but was slow to react and hesitated to buy @1310 because of my expectations. I should have reduced my size and bought when I saw strong buying.

    now market is in congestion. fight between the sellers and dip buyers.

    The buyers won this morning and now need to defend ORH>> they look successful, so

    long 2@14.75, stop 13.75
     
    #127     Feb 10, 2011
  8. PO

    PO

    out @15.00 >> buyers on lunch-> no volume, no TICK, choppy price action.
     
    #128     Feb 10, 2011
  9. PO

    PO

    sell 3@15, was impulsive trade for the fear of not missing the move, covered @16 -1 point for the lack of discipline. :(
     
    #129     Feb 10, 2011
  10. PO

    PO

    OK, another frustrating day, I was expecting the gap fill, but didn't execute it properly because of fear of loosing money and probably sight short (bias that I need to get rid of)

    sell 3@18, stop 19.5 -> gap closed, 1-2-3 sell of YC
     
    #130     Feb 10, 2011