Matcha's Dow E-mini Journal

Discussion in 'Journals' started by Matcha, May 13, 2010.

  1. You should think that you must have done something really awesome in this life!

    You treat other people with courtesy and respect. Others, hopefully most, will return in kind. And some may even surprise you. :)

    And maybe WentFishing will pay your grocery bill. :D
     
    #531     Jul 30, 2010
  2. ~~~

    ~~~


    i went to a paradise island for holidays
    saw a gal and a guy running...
    in slow motion along the beach
    i think of you and PO

    i went to eat seafood
    saw <*)))><
    i think of WentFishing

    i love to drink coconut juice
    by the ocean ....
    i think of your sifu ~Boli

    oh sweetie.. i missed all of you too!
    :p :) :D
     
    #532     Jul 30, 2010
  3. Hi Boli,

    Thank you very much for sharing your experience on trading the opening market. I will keep a close tab at the most important timeframe between 0945 to 1015 ET.

    And thanks for the encouragement. I will train hard! :)

    --po
     
    #533     Jul 30, 2010
  4. Matcha

    Matcha

    It's such a beautiful picture. I think of you in that pic dressing in a channel bathing suits, Fendi sunglasses and LV towel.. And you are very tan! hehe
     
    #534     Jul 30, 2010
  5. I will keep my priorities straight. Especially #1 and 2.

    Excellent guiding light:

    FOLLOW the trend - try to get in EARLY
    FADE the trend - try NOT to get in too early.

    I will set my trading rules accordingly and to remember these. There were many many mistakes I repeat again and again by not following the above!!!

    --po
     
    #535     Jul 30, 2010
  6. Hi Sis ~~~,

    Thank you very much for the excellent advice. I shall train hard to enforce my discipline - my weakest link. And use my bullets wisely to take only the Calculated Risks. And must retrace if the opponent is too strong (cut losses short) or be "Flexible" join/follow the opponent to get to my "Target" (let PROFITS run).

    I shall treat myself as an Engineer to command the Money Making Machine with no emotions, only disciplines and rules to follow.

    You have given us the important elements to succeed.

    --po
     
    #536     Jul 30, 2010
  7. ~~~

    ~~~

    sweet naughty matcha ... i don't need a channel bathing suits coz with my body i look great & sexy with any brand of bathing suits (tips to you girl---work on your body and you will look great even you wear a no brand clothes!):D i am a fair lady, so nope, i don't looked tan but pinkish now :)
     
    #537     Jul 30, 2010
  8. ~~~

    ~~~

    PO..i know you'll succeed oneday..if you have to stay in SIM a bit longer, please don't rush yourself... until you're ready, then only go "LIVE" again

    A Good Engineer has Good Analytical Skills...
    Engineer must partakes in Thorough Analysis on a frequent basis...
    Engineer also must possess a Wonderful Problem Solving Skills...

    You're the Engineer who commands the Money Making Machine with no emotions, only disciplines and rules to follow.

    :p :) :D
     
    #538     Jul 31, 2010
  9. :) :) I like your music. Thanks for sharing the youtube clips.

    Wow! Your trade A and B were both great catch of the day. You know what, I checked my charts and sadly I did the exact opposite at those 2 spots :( :( I thought the market was going to reverse and went short. I need to pay more attention on the wave count and NOT to go too early when fading the trend (as Boli has advised).

    I think you played defense very well today and had a very decent PnL with 33% winrate. Your weekly PnL was equally well guarded consider there were a few tough days.

    I, on the other hand, had the worst week in PnL since I started. :( :( Totally unfocused, not disciplined, overtraded and make all the mistakes I shouldn't make. I'm going to go over my charts this weekend and re-write my rules and work on my weaknesses and be prepared for next week.

    I am really glad that, I have all you great people here to straighten me out and give me guiding light and the encouragement.




    "We do need to "be confused" in order to "be clear" in the future".... - Very well said, Matcha. I think I know what you mean. You are correct that everyday, we build up more skills to "de-fog" the confusion and make them "clear".

    I will take up on your advice, to take the time to stay in SIM longer to work out the confusion and address my weaknesses.

    Thanks for sharing you daily draw down limit. I admire your very defensive play for the daily limit and stop loss for each trade. I think I do need to set and stick with a daily loss limit to prevent disaster days. Let's see, if I set $200 daily limit, it will be 4 points for ES for one contract. The way I set my initial stop loss of 2.5 points for each trade will make it very hard to stay within the daily limit if I lose a couple of trades in a row unless I played very strong defense and watch my stop loss and tighten my stops as the trade proceeds. For now, I am shooting for a 10 points weekly target for 1 ES contract.

    Anyone has any suggestions as to what will be a good profit target and the stop loss per trade and the daily loss limit for trading one ES contract?? Thanks.

    I wish everyone has an enjoyable weekend! And thanks again for all your help.

    --po
     
    #539     Jul 31, 2010
  10. Hi ~~~,

    It must be a wonderful vacation!!!!!

    He he! I can only dream about being in a paradise island in my dream tonight :) :)

    --po.
     
    #540     Jul 31, 2010