The good news is that my bad days are getting more and more manageable. had 1 good trade today get stopped out and then immediately reverse back up. Re-entered, didnt' make a penny..... Hate when that happens. When I trade larger size I'll be throwing in larger stops and adding to positions. Missed one great entry b/c I was napping at 1030cst...oh well. 1 trade today was a revenge trade. Blah day. 5 trades, couldn't even afford a McDonalds Happy meal, lol
Argh, I got owned today. Was totally on the wrong side of the market until around 2:30pm. I kept thinking the market would reverse since it appeared to be at the top of a range. I should have traded the current market, not what the market I thought was coming. I was ok until I upped my size while on the wrong side of the market and lost $260. The funny part is, I finally realized the mistakes I was making and switched sides with my upped size, but got out early with only $60 profit, but had I left the trade on, I would have made $715 in one trade. Damn, I need more discipline and practice. This is brutal <b><font color='red'>-$303.14</font></b> for the day. Will try extra hard to follow all the rules tomorrow !
there's no excuse for this piss poor discipline I had today. Didn't adhere to my trading plan and my PnL amounted to this. System generated trades killed it for +$337.50. Unfortunately, getting cute on the 1 minute chart, a chart I can't trade for my life amounted to super duper losses. This is why I'm only making around $200 / week and still only trading 1 contract.
Now, ask anyone on this board who I am and they will tell ya I'm one incurable permabear. So when I make money from the long side, it makes it all the more special. Today happens to be one of those rare occurrences.
Usually 20 lots for the ES, although I've been known to go ga-ga and trade as much as 70 lots. But not often, thankfully.