What is your reason for posting your journal online, do you want feedback or you just want to feel obliged with the world so you can enforce discipline on yourself. If the latter then I think you are doing the right thing, but no one will be of any help. If the goal is to find feedback, then I suggest you first post what is it that you are looking for in order to enter and to exit, so perhaps other traders with similar and more successful trading systems can enlighten you and point you on the right direction.
Thanks for your post. Atm, I'm definitely looking for discipline in my trading rather than than a "better" method. I appreciate others may not be able to help much in this regard. Interesting you mention "more successful" systems /methods. I was at a small gathering of hedge fund managers and the like last week, who incidentally are all losing money for the year . Someone stated it wasn't the method used that was "broken" or didn't work; it was more the markets were broken in that they didn't lend themselves to the methods being applied. For example, if you have a trend following system but you apply it to markets that don't really trend well (historically), then can you really blame the method if the results are no good? Sounds obvious and i already knew this, but did did serve as a reminder.
What else are you going to blame? The market? That's ridiculous. The market is never wrong. Those hedge fund managers need a reality check.
did a day trade dec cl : shorted 9303, out at 9295 and 9276 +$840 A good trade in accordance with my methods, but the exit was sloppy. For some reason i panicked when it was at 9295, and exited half. Hit my target in the end, so woulda made much more if i hadn't panicked. This is the sort of crap i need to work on. edit: had a 13 pip stop loss on it, and aiming for 27 pips
The point was really if you have a good method, but you aren't making money off it, it may simply be the markets that are being traded are no good for it. Trade markets and time periods that are better suited for the method rather than discard the method.
Possible. I have no idea what your method is, so I can't say. But if you have little to no confidence in it, there's no reason for you to adhere to its signals.
Confidence in oneself stems from the method employed. If you have no confidence in either, then you may as well stop altogether. Barring that, you should stop at least until you've either determined whether or not your method is the problem or the chosen market. If the latter, test other markets. If the former, modify the method. Otherwise, you're just making yourself unhappy for no reason.