Journal from a lurker who just made his first post on ET

Discussion in 'Journals' started by Last, Aug 14, 2022.

  1. Last

    Last

    Yeah I like the colors for the moment. The line is um...part of my "edge" haha. The arrows just show where i bought and sold
     
    #21     Aug 16, 2022
    easymon1 likes this.
  2. maxinger

    maxinger


    most OPs don't like to hear comments on their trades.
    anyway, since the market at this moment is dull, I can afford to
    chit-chat.


    Your entry was rather late.
    The market is merciless to those who are late.

    You wouldn't earn $$$ if you hesitated too much.

    upload_2022-8-17_9-14-15.png
     
    Last edited: Aug 16, 2022
    #22     Aug 16, 2022
    Last likes this.
  3. Last

    Last

    Thank you for your time and comment, I definitely appreciate the feedback, that's why I'm here.

    I agree with you, that bearish lower high was the superior entry. I had a sense I was late. And what you said about hesitation is definitely true, and something I am focused on improving.
     
    #23     Aug 16, 2022
  4. maxinger

    maxinger

    16 Aug your NQ

    upload_2022-8-17_13-32-25.png

    two important points.

    1. There was a strong upforce momentum.
    After that, you have to ask yourself :

    will NQ continue its downward journey
    or
    will NQ reverse direction and go up?

    When you shorted NQ, the upforce momentum was still
    strong.

    2. also, you did not notice that when you shorted NQ,
    all US index futures (ES YM NQ RTY) & other index futures like DAX .... were going up together.
     
    Last edited: Aug 17, 2022
    #24     Aug 17, 2022
    Last likes this.
  5. schizo

    schizo

    "Prolly nothing", if you ask me. :sneaky:

    Be that as it may, you have the hindsight benefit. In reality, this is more or less what you're up against.

    upload_2022-8-16_23-10-26.png
     
    #25     Aug 17, 2022
  6. Last

    Last

    ok yup I see that. And yeah, I had the general impression from earlier in the session that ES was ranging and RTY and NQ were moving down. But in that actual moment of the trade, I didn't have sight of what they were doing precisely.
     
    #26     Aug 17, 2022
  7. Last

    Last

    Only took 2 trades today, a quick bounce off the early range in MES and a quick short in M2K.
     
    #27     Aug 17, 2022
  8. Last

    Last

    Snapped a 7 day winning streak today. Definitely knew price was chopping around the middle of the overnight range, but still fought it way too much.

    upload_2022-8-18_11-47-40.png

    Got this long going on MYM, had the thought of letting it trail but was a bit weak handed due to the earlier losses.

    upload_2022-8-18_11-52-5.png
     
    #28     Aug 18, 2022
  9. Last

    Last

    Working on getting in earlier and avoiding being late. Took a few losses to get into position, was being a little too early/sloppy. Once I felt I was in, I added on and rode it up to the equal highs. Tried to jump back in with a 1 lot as I felt I hadn't given it enough of a chance to really run stops but ended up exiting because I realized I was getting impulsive again.

    upload_2022-8-22_11-29-10.png
     
    #29     Aug 22, 2022
  10. easymon1

    easymon1

    Who is your data provider?
     
    #30     Aug 22, 2022