The Tao of Minimalistic Trading: $300 Daily Profit

Discussion in 'Journals' started by schizo, Dec 4, 2015.

  1. schizo

    schizo

    Out 75.75
     
    #1071     Jan 19, 2016
  2. schizo

    schizo

    Yeah, completely off the mark and it showed in my trading as well. But thanks anyway for bringing it up.
     
    #1072     Jan 19, 2016
  3. schizo

    schizo

    This day ends with a loss of 8.75 points or $437.50. I would normally add a note here outlining all the day's travail, explaining what went wrong and the state of mind I was in as these losses mounted, but I will refrain from doing so since it has served only as a magnet for personal attacks by the self-proclaimed gurus. :sneaky:

    Code:
    Today's Trade Stat
    
    No. of Trades (Round-trip)*: 10
    No. of Winners: 3
    No. of Losers: 7
    W/L Ratio: 0.42
    Avg Gain: 1.67
    Avg Loss: 1.96
    Cumulative P/L: -8.75 Points
    
    * Breakeven trades have been omitted
    
    $300 Daily Challenge (1/04/16 - 1/29/16)
    Winning Days (>= $300): 7
    Losing Days (< $300): 5
     
    #1073     Jan 19, 2016
    VPhantom and Zodiac4u like this.
  4. Loss days happen.... Who cares..... Good luck tomorrow.
     
    #1074     Jan 19, 2016
    dartmus likes this.
  5. schizo

    schizo

    Nice! Unfortunately, I wasn't so lucky. Once I got nauseated, I had to stop looking at the damn chart. If there's one thing I can dispense to new traders who might be looking at this journal is that if you're feeling shitty, don't push yourself. It will only reinforce negative emotions. That's how you fall into a slump. Once you're down and out in the sinkhole, it becomes a vicious downward cycle. Don't go there!
     
    #1075     Jan 19, 2016
  6. dartmus

    dartmus

    very nice
     
    #1076     Jan 19, 2016
  7. speedo

    speedo

    True story...knowing when not to trade is a trade decision.
     
    #1077     Jan 19, 2016
    dartmus likes this.
  8. Zodiac4u

    Zodiac4u


    Yes, the self-proclaimers do put a dark cloud over the whole ET experience. But, I am sure there are a whole lot more people out there that have enjoyed your posts. Keep up the good work!:thumbsup:
     
    #1078     Jan 20, 2016
  9. schiz..taking day off??
     
    #1079     Jan 20, 2016
  10. L 1828.25

    SL 1815.75

    is bottom in today? i.m betting on it

    trgt 1850
     
    #1080     Jan 20, 2016