I'd like to become a better trader

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

  1. volente_00

    volente_00


    What is your average winning day ?
     
    #151     Feb 10, 2011
  2. PO

    PO

    stopped out.

    reversed long 2@16.25, stop moved to b/e
     
    #152     Feb 10, 2011
  3. PO

    PO

    out @ 18
     
    #153     Feb 10, 2011
  4. PO

    PO

    around 600
     
    #154     Feb 10, 2011
  5. PO

    PO

    short 1@16.25, cover @19 :(
    that big red bar got me excited and I chased it down and then chased it back up to cover. Broke my rule of not chasing, especially at the end of the day.

    Good thing it was only 1 contact.
    very disappointing.
    Lesson to relearn - if something goes down really fast, it can come back up just as fast. I need to look at ES micro charts for guidance in super fast moves

    P&L for thursday loss -$173
    I guess it could have been worse given:
    1. too many trades for today.
    2. Chasing the moves
    3. Missing my best signal trades

    Keeping tight stop losses without exception saved my ass, well, one exception was this last short, I hesitated to put the stop loss on and it cost me. Just a reminder I guess.
     
    #155     Feb 10, 2011
  6. PO

    PO

    long 3@14, stop 13.25 - > gap fill
     
    #156     Feb 11, 2011
  7. PO

    PO

    sell 1@15.25, stop to b/e for the rest
     
    #157     Feb 11, 2011
  8. volente_00

    volente_00





    IHS on 5 min chart



    Target is 19-20
     
    #158     Feb 11, 2011
  9. PO

    PO

    out or another @15.5 ->NQ wasn't participating
    out of last one @14.5 and reverser short

    short 2@14.5, stop 16.25
     
    #159     Feb 11, 2011
  10. PO

    PO

    stop moved to 15.25,
    out @14.25
     
    #160     Feb 11, 2011