I'd like to become a better trader

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

  1. PO

    PO

    P&L -1.4 points

    first 2 shorts were stopped out. They were false breakouts. I should have waited for a close below YC. We had too much support there - YC, AH low. It was defended a few times already, so we needed a close below that for any weakness to materialize.

    3. long on 2 failed breakdowns and outside bar. stopped out at b/e

    4. reversed short. then closed it because I ran out of patience, that was a mistake, I should let my trades work.

    5. Re-shorted it, stopped out and reversed long.

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    #491     May 9, 2011
  2. PO

    PO

    P&L -6.5 points

    my first 2 trades were impulsive trades because I was yet again afraid to miss a trade. I need to get over this.

    and then I was doubting my long set up and kept closing and reopening it.

    Need to practice more.

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    #492     May 10, 2011
  3. PO

    PO

    P&L -2.75 points

    got chopped up today in tight trading range and missed the big move.

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    #493     May 12, 2011
  4. PO

    PO

    P&L +3.9 points

    I must keep part of my contracts till they reach target and not close prematurely because of fear.

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    #494     May 12, 2011
  5. PO

    PO

    P&L +2.9 points

    Got chopped up again today. Need to better define my rules over the weekend.

    and no new trades from 12 to 2 pm, unless the set up is spectacular.

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    #495     May 15, 2011
  6. PO

    PO

    P&L -3.85 points for last week
     
    #496     May 15, 2011
  7. PO

    PO

    P&L 0 points

    3 times today I closed my trades prematurely before the target got reached :( Correct on the direction, but lacking conviction.
    I need to look into it.

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    #497     May 16, 2011
  8. PO

    PO

    P&L -1.8 points

    confuse pullback with reversal. Need to look into that.
    got stopped out of the last short by one tick.

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    #498     May 18, 2011
  9. PO

    PO

    P&L +0.9 points

    I confuse pullback with trend reversal and closed my long since this morning, which again reached all my initial targets.

    I close my trades before targets, again.

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    #499     May 18, 2011
  10. PO

    PO

    P&L +4 points


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    #500     May 20, 2011