Code: Day Trade # B/S Time Price B/S Time Price Quant. Gross Net Time held 3-Sep 1 BOT 11:42 887.50 SLD 11:46 885.25 1 -112.50 -117.30 0:04:08 2 BOT 11:55 884.25 SLD 11:58 884.50 1 12.50 7.70 0:02:18 3 BOT 11:58 884.00 SLD 12:02 884.25 1 12.50 7.70 0:03:33 4 BOT 12:20 883.00 SLD 12:25 884.75 1 87.50 82.70 0:04:20 5 SLD 12:54 888.75 BOT 13:00 888.50 1 12.50 7.70 0:06:05 6 BOT 13:09 887.00 SLD 13:12 887.25 1 12.50 7.70 0:02:55 7 SLD 13:12 887.50 BOT 13:14 887.25 1 12.50 7.70 0:01:23 8 BOT 13:18 888.00 SLD 13:23 888.50 1 25.00 20.20 0:04:48 9 BOT 13:24 888.25 SLD 13:33 886.50 1 -87.50 -92.30 0:08:48 10 BOT 13:38 888.25 SLD 13:40 889.25 1 50.00 45.20 0:02:36 11 SLD 13:42 890.00 BOT 13:44 889.25 1 37.50 32.70 0:02:34 12 BOT 13:50 888.50 SLD 13:54 888.75 1 12.50 7.70 0:04:34 13 BOT 13:57 887.50 SLD 14:02 885.50 1 -100.00 -104.80 0:05:06 14 BOT 14:09 884.50 SLD 14:19 885.00 1 25.00 20.20 0:09:28 15 BOT 14:21 884.00 SLD 14:23 883.50 1 -25.00 -29.80 0:02:35 16 SLD 14:34 885.25 BOT 14:38 888.50 1 -162.50 -167.30 0:04:23 17 BOT 14:53 884.75 SLD 15:17 882.00 1 -137.50 -142.30 0:23:57 Total 17 -325.00 -406.60 0:05:30 Difficult trading today. Was looking forward to trade again after the long week-end. Didn't start very well with a big loss (T1). Made it all back again and just before 2PM I was net positive. Then I had 3 big losses before I decided to quit. Should have followed my trading plan (max intraday drawdown 100 $)! Hope you did better! Let me know! /JT
I took the time to look over a lot of your trades and a lot of them could have been profitable had you just waited a little longer (still keeping a max 5 ES stop). Also, when you trade, do you watch the longer term MA trends? You made some buys against some pretty strong downtrends. What precisely are you using as your signal? Are you reviewing your losing trades and asking yourself how to fix them? A couple of your trades, even the ones towards the end, didn't have to end up like that. I wish you the best tomorrow. aphie
Code: Day Trade # Type B/S Time Price B/S Time Price Quant. Gross Net Time held 6-Sep 1 NQ BOT 14:07 924.50 SLD 14:08 925.50 1 20.00 15.20 0:01:00 2 NQ SLD 14:10 926.00 BOT 14:15 925.00 1 20.00 15.20 0:04:40 3 NQ SLD 14:27 928.50 BOT 14:35 927.00 1 30.00 25.20 0:08:04 4 NQ SLD 15:17 932.50 BOT 15:36 927.50 1 100.00 95.20 0:18:24 Total 4 170.00 150.80 0:10:23 5-Sep 1 ES BOT 13:50 885.00 SLD 13:51 884.00 1 -50.00 -54.80 0:00:37 2 ES SLD 13:52 883.50 BOT 13:59 881.50 1 100.00 95.20 0:07:12 3 ES SLD 14:03 882.00 BOT 14:05 881.75 1 12.50 7.70 0:01:51 4 ES SLD 14:20 882.25 BOT 14:26 882.00 1 12.50 7.70 0:05:09 5 ES SLD 14:28 880.25 BOT 14:30 879.50 1 37.50 32.70 0:02:42 6 ES BOT 14:34 879.25 SLD 14:35 879.50 1 12.50 7.70 0:01:17 7 ES SLD 14:36 879.75 BOT 14:39 879.50 1 12.50 7.70 0:02:47 8 ES BOT 14:41 879.75 SLD 14:46 876.50 1 -162.50 -167.30 0:04:33 9 ES SLD 14:49 877.25 BOT 14:50 876.25 1 50.00 45.20 0:01:26 10 ES BOT 14:52 877.00 SLD 14:57 877.50 1 25.00 20.20 0:05:03 11 ES SLD 15:08 878.75 BOT 15:10 881.00 1 -112.50 -117.30 0:02:31 12 ES SLD 15:15 878.75 BOT 15:20 880.25 1 -75.00 -79.80 0:05:13 13 ES BOT 15:25 889.00 SLD 15:29 887.00 1 -100.00 -104.80 0:04:37 14 ES BOT 15:31 888.50 SLD 15:43 886.50 1 -100.00 -104.80 0:11:44 Total 14 -337.50 -404.70 0:04:03 4-Sep 1 ES SLD 13:51 883.25 BOT 13:54 883.75 1 -25.00 -29.80 0:02:32 2 ES SLD 13:59 882.25 BOT 14:18 888.00 1 -287.50 -292.30 0:19:39 3 ES SLD 14:44 887.50 BOT 14:47 887.25 1 12.50 7.70 0:02:20 4 ES BOT 14:50 886.75 SLD 14:55 888.25 1 75.00 70.20 0:04:55 5 ES SLD 14:56 889.00 BOT 14:58 891.00 1 -100.00 -104.80 0:01:43 6 ES SLD 14:58 891.75 BOT 15:02 892.75 1 -50.00 -54.80 0:04:09 Total 6 -375.00 -403.80 0:05:53 After a very successful first week, the 2:nd week was a disaster. Lost 1 064$. Friday I wasn't able to trade the ES due to margin requirement. Switched to NQ, which actually turned out to be good for me (at least Friday). What's my problem: EMOTIONS! After the first week's euphoria with a gain of 724$, starting with 2000$, a ROI of 36% in 3 trading days, and 27 winning and only 7 losing trades - who could beat me? I'm the king! I'm a f*%$ing trading prophet! Right.... Couldn't be more wrong. Probably switching from BB to RSI as my main indicator. At least it worked friday. Also I will not trade for more than 2 hours per day. /JT
Its quite interesting how many new traders do well the first week or two. Happens way too often to be coincidence, imo. I think it has something to do with the fear factor. You dont have much fear in the beginning. After awhile the losing trades begin to affect your judgement.
First got here: Excited After first week: Curious After second week: Intrigued After countless posts saying PT is different than real trading: Concerned Reviewing these Journals: Alarmed When I make my first real trade: Scared sh%^less??? aphie
I agree... This has happened to me more than once. Perhaps I should develop a trading cycle: Trading options week 1, futures week 2, fx week 3 and stocks week 4? Also within the week there should be a cycle NQ-ES-C-KI-S...... Then it would be new things all the time. No way I could lose using this system!
Please don't be. No need for you to do this poorly! Just follow your system and stay cool. You do better. /JT
Be cool -- easy to say, maybe hard to execute. I may just follow my system by making a trade, putting in an OCO order and just walking away from the computer. (That will be the day my broker goes down, too -- lol) Anyhow, don't give up -- I had a three day losing period on the simulator but was up very strongly for the month. I've got 5k and I'm looking at it as tuition for a semester of hard-knocks and lessons learned in futures trading. aphie