NQ Paper Trade Journal

2016-09-16 Summary

Daily P&L: +2.75 (3 trades, 1 loser, 1 winner, 1 break-even)

Trade Summary
Trade 1: Saw the weakness this morning and anticipated the sell-off. Should have had a more conservative profit-take / should have not moved my stop-loss to account for the morning fluctuations.

Trade 2: Not a good trade. Plain and simple. There were some signs that the market was range bound and would not trend further downwards based on support shown on the charts (higher lows). Was a little impatient to enter back in again.. and these are the types of trades I'm trying to learn to avoid taking.

Trade 3: Played the top of the range.

Weekly P&L:-12.25

 

Also, I have gone back to using IB's simulation account.. as I find it's a lot quicker to enter my trade entries through the platform as opposed to typing them out on this journal. Blotter attached (will attach going forward)

 

Trade 1: Long 4796.00, Stop 4788.00, Profit-Take 4806.25 [2:01PM]

 

Profit-Take moved to 4811.25

Stop-Loss moved to 4796.50

 

Stop-Loss moved to 4800.25

 

Exit 4800.25 [2:23PM]

P&L: +4.25

 

2016-09-19 Summary

Daily P&L: +4.25 (1 trade, 1 winner)

Trade Summary
Trade 1: Played the reversal. Opportunity to capture additional profits had my stop-loss been lower (low was 4799.75 on the pullback before rallying). [+4.25]

 

Trade 1: Short 4809.00, Stop 4813.00, Profit-Take 4798.75 [11:04AM]

 

Exit 4813.00 [11:10AM]

P&L: -4.00

 

Trade 2: Short 4810.00, Stop 4815.00, Profit-Take 4799.75 [11:13AM]