Let's see if I can summarize my thoughts, actions and feelings from over the past two days. 10/09 Wednesday I sucked. Everything that I wanted to do I ignored. Down about $3K and over 100k shares traded. Not at all the style of trading I want to do. It took me 1 to 1 & 1/2 days to completely revert to bad things. 10/10 Thursday I woke up today with a very unusual feeling. I was very depressed. In the past when I f'ed up I would wake up accepting that this was part of trading and go on with either trading or figuring out how or when I would fund the account again. My account is funded; My future of Trading is here \___/ in my hands to go get success or let it get sucked away. I am refocused------- Today's results were good. Not great. Hit my goal. Need to be EVEN MORE patient.....
10/11 Friday Good again, but not great. Setting stop loss target prior to entry, which is working very good and keeping losses in check. Too many trades/shares today. I could have accomplished the same thing with 1 or 2 trades. Added too many shares to last trade--threw my proportions off. BIGGEST FAULT - STOP IT NEED TO BE EVEN MORE ! PATIENT ! 10/08 Net +108.81 on 11,200 shares 10/10 Net +159.99 on 6,400 shares 10/11 Net +277.30 on 41,600 shares +.46 average
TODAY: I FINALLY just did exactly what I planned on doing. Nothing More. Nothing Less. One Trade entered at 9:30 I set a stop at about .51 cents out. the position was against me and was a few cents away from me closing out, but I stayed cold-heartless-fearless and did NOTHING. (but I was ready to close it out) Finally at 11:30 the trade was back to even. I closed out at 1:42 (13:42) with a profit of .60 at 5000 shares = $3049 Gross. - So many trading days have gone by and I look back and say "If I only just listened to the plan the day would have been profitable/or the loss would have been less." -- Tomorrow will be a new day and a new test, but I will be prepared as best as possible.
Day 2 of Big Boy Trading Trade 1 -(740.06) about (.15) This trade was closed out because I hit a happy profit for the day and I knew I had to shut down things today about 1:30 pm. Trade 2 + $2,289.65 Trade 3 - (.10) only got filled 15 shares of 5000 and exited Trade 4 + $802.50 Gross $ 2,352.
Big Boy Trading - Week 1 - Summary Net +$5,173 Things to work on: I left a lot on the table...let winners run (even more) I exited trades prior to reaching my initial stop Which then caused me to over trade a bit. Stay focused When I am out of the market for the day and content with the result, don'y go back in I just wired the $5k BACK to may savings account...a win of the weekly battle, but not of the war.
Big Boy Trading - Day 6 (10/23/19) Net +$2,090 Concentrated on the items that I listed above that I need to continue to work on. Entry and exit were good When I was done for the day and was content, I stayed out I did have one trade that I just should not have taken and I made note of it in my trading book. I will try to stay away from lower volume-volatile stocks.
Since 10/23/19 I had some monster losing days. Just totally on TILT Regrouped. Lowered my share size to 1000 WILL NOT EVER AGAIN ADD SHARES TO A TRADE WILL NOT EVER AGAIN ADD SHARES TO A TRADE I held a position overnight last night, first time in a day trading account. It is an adjustment to my strategy. Ideally I will be out of the market early in the day. 11/06/2019 ********** $1,160.32 Today's goal: Exit the trade I held overnight, assuming that it would hit my profit target or stop Daytrading 1000 shares per trade Profit goal $350 net and get out (this was my intraday goal, which I hit. The balance was the realized profit from my overnight position)
11/07/2019 ********** Gross $17.30 Not a typical day, I had a morning appointment and didn't start until 11:30 am, then had to leave at 12:45pm came back at 3:00 and had an emergency phone call and had to leave at 3:40pm again. GOOD: I exited all trades each time I left, as they were not positions that I would have considered holding overnight. In the past hold positions and cross my fingers. 11/08/2019 ********** Gross $769.50 Out at 10:01 Total Shares: 15,000 My Goal was $525.00 +.35 at 1500 shares Closed out at approx +.47 net NOT GOOD: Opened 4 trades prior to 9:40, my preferred start time NOT GOOD: One of those early trades I told myself let me get "a quick hit" couple of cents on this one. "Quick Hits" aren't part of my trading plan.