NQ Paper Trade Journal

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

  1. A2x2

    A2x2

    2016-09-15 Summary

    Daily P&L: -3.75 (2 trades, 1 loser, 1 winner)

    Trade Summary
    Trade 1: A little early with my order entry on this one! With the strength in the market all day today.. I had the order entry ready for a break out, which eventually happened later on.

    Trade 2: Played the range and entered as the market looked like it was reversing. Support level was around 4792, and it failed to break below a number of times.

    Unfortunately I did not chase or have an order entry ready when the market finally broke upwards. Was timid about the market reversing and selling off, which is a result of recency bias due to my loss on trade 1. I typically don't enter positions in the last hour of trading as I find it is too unpredictable.
     
    #71     Sep 15, 2016
  2. A2x2

    A2x2

    Trade 1: Short 4811.00, Stop 4819.00, Profit-Take 4795.75 [9:40AM]
     
    #72     Sep 16, 2016
  3. A2x2

    A2x2

    Stop-Loss moved to 4810.50
     
    #73     Sep 16, 2016
  4. A2x2

    A2x2

    Exit 4810.50 [9:44AM]

    P&L: +0.5
     
    #74     Sep 16, 2016
  5. A2x2

    A2x2

    Clearly should not have moved my stop-loss just now.. :confused:
     
    #75     Sep 16, 2016
  6. A2x2

    A2x2

    Trade 2: Short 4804.00, Stop 4812.00, Profit-Take 4793.75 [10:39AM]
     
    #76     Sep 16, 2016
  7. A2x2

    A2x2

    Exit 4812.00 [10:45AM]

    P&L: -8.0
     
    #77     Sep 16, 2016
  8. A2x2

    A2x2

    Trade 3: Short 4810.00, Stop 4818.00, Profit-Take 4799.75 [10:46AM]
     
    #78     Sep 16, 2016
  9. A2x2

    A2x2

    Stop-Loss moved to 4805.75
     
    #79     Sep 16, 2016
  10. A2x2

    A2x2

    Exit 4799.75 [11:01AM]

    P&L: +10.25
     
    #80     Sep 16, 2016