NQ Paper Trade Journal

Discussion in 'Journals' started by A2x2, Sep 9, 2016.

  1. A2x2

    A2x2

    Trade 2: Long 4885.00, Stop 4877.00, Profit-Take 4895.25 [10:31AM]
     
    #101     Sep 22, 2016
  2. A2x2

    A2x2

    Exit 4877.00 [10:52AM]

    P&L: -8.0
     
    #102     Sep 22, 2016
  3. A2x2

    A2x2

    Trade 3: Long 4879.00, Stop 4871.00, Profit-Take 4889.25 [10:57AM]
     
    #103     Sep 22, 2016
  4. A2x2

    A2x2

    Profit-Take moved to 4879.50
     
    #104     Sep 22, 2016
  5. A2x2

    A2x2

    Exit 4879.50 [11:18AM]

    P&L: +0.5
     
    #105     Sep 22, 2016
  6. A2x2

    A2x2

    2016-09-22 Summary

    Daily P&L: -15.50 (3 trades, 2 losers, 1 break-even)

    Trade Summary
    Trade 1: Market gapped up overnight from the Fed announcement yesterday. Should have recognized the positive market sentiment. [-8.00]

    Trade 2: Played the break-out. With the market being at all-time highs, should have kept a much tighter stop. [-8.00]

    Trade 3: Played the reversal after the sell off. Reacted to the fluctuation as it appeared it would continue to sell off. [+0.5]

    I need more patience and vision during the trading day. I pay too much attention to slight chart fluctuations, which has me entering and exiting trades quickly that often end up in losers or break-even trades that have profit potential.

    The best play in the morning was to recognize the positive market sentiment, and set up a stop-limit order close to the intraday high in order to capture the potential for a break-out. On the pull back around 10:30 to 11:00 AM, the vision to recognize where the market was going to end up (based on the positive market sentiment) allowed for a great long opportunity around 4876 levels.
     
    #106     Sep 22, 2016
  7. A2x2

    A2x2

    Trade 1: Short 4868.50, Stop 4876.50, Profit-Take 4853.25 [10:41AM]
     
    #107     Sep 23, 2016
  8. A2x2

    A2x2

    Profit-Take moved to 4868.00
     
    #108     Sep 23, 2016
  9. A2x2

    A2x2

    Exit 4876.50 [11:32AM]

    P&L: -8.0
     
    #109     Sep 23, 2016
  10. A2x2

    A2x2

    Looks like it will break out of the wedge formation just now to the upside.. will wait and see
     
    #110     Sep 23, 2016