I'd like to become a better trader

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

  1. ddlee

    ddlee

    POP is great
     
    #181     Feb 12, 2011
  2. PO

    PO

    sell 3@28.25, stop @29, target 24 for a PP test overnight.

    also order to sell 3@33 in case we touch R1 overnight, stop @35.25
     
    #182     Feb 13, 2011
  3. PO

    PO

    stopped out for -1point. still have the other short@33 order pending.
     
    #183     Feb 14, 2011
  4. PO

    PO

    I've taken a few impatient trades this morning trying to anticipate the move instead of waiting for a good signal.

    I had a long bias at the open an my tick chart was making HL and HH, yet I closed my long I kept shorting this congested slowly drifting up market.

    The long bias was from from strong NQ and YM gap ( that was likely had to be filled), but I was reading some blog that was anticipating a sell off, so I didn't want to miss the move and kept shorting and covering multiple times instead of waiting for a good set up.

    I was using an excuse that my losses are very small, but with multiple trades they add up rather quickly, so even with small losses, one has to be careful not to overtrade.

    another observation is that I didn't post these trades here because I didn't have time... well, Every time I don't post my trades, I end up loosing money, so I need to stick with posting, it helps with my discipline.
     
    #184     Feb 14, 2011
  5. PO

    PO

    sold 3@27.5 as YH was rejected, target PP for last week, around 21.5
    cover 1@25.25 for test of overnight low.
    cover another 1@25.5 as we seem to stall here,
    stop on the last at b/e
     
    #185     Feb 14, 2011
  6. PO

    PO

    stopped out on the last one.

    leaving for now, order pending:
    short 3@34, stop 35.25
     
    #186     Feb 14, 2011
  7. PO

    PO

    sell 3@27, stop 28, covered @27.5
    lunch hour slow trading usually means upwards drift, $tick is positive, no selling
     
    #187     Feb 14, 2011
  8. PO

    PO

    same trade again. stopped out :(
     
    #188     Feb 14, 2011
  9. PO

    PO

    sell 3@28.75, stop 29.75
    NQ made a double top and aapl is leading on the way down.
     
    #189     Feb 14, 2011
  10. PO

    PO

    covered at b/e, stalled again.
     
    #190     Feb 14, 2011