The almost guaranteed to lose day trading journal.

Discussion in 'Journals' started by Kim Jong Un, Apr 25, 2019.

  1. I am a loser. I mean, I just suck. After so many years of day trading, I've been very consistent at one thing, losing money. I've been so consistent, I am wondering if others could make money by just doing the opposite of me?

    I'll post live, before the fact trades here. I'll just do the ES for now. 3 point target, 1.5 point stop.

    First trade:

    Buy 2933.25
     
    SimpleMeLike likes this.
  2. Off to a good start.

    I'm including a 4 dollar round trip commission.

    Me = - 71
    Other side = + 71
     
    danielc1 likes this.
  3. Buying 1930.75
     
  4. maxinger

    maxinger

    you need to be careful.
    as of now (ie 10 minutes before opening),
    there is no evidence ES will go up.

    So I guess you trade based on anticipation (ie you assume or hope it will go up).
     
    Kim Jong Un likes this.
  5. I'm on a role.

    Me = - 142
    Other side = + 142
     
  6. Buying 2927
     
  7. Wow. I'm hot today.

    Me = - 203
    Other side + 203
     
  8. I've actually been calculating the commission wrong. Should be =

    Me = - 227
    Other side = + 203
     
  9. buying 2921
     
  10. So this is going to get confusing. I would have been stopped out, but anyone taking the opposite side wouldn't have hit target. So, unfortunately, I'll count a lose for myself but also a lose for the opposite side.
     
    #10     Apr 25, 2019