Trading on "Instynct" (NQ)

Discussion in 'Journals' started by Instynct, Nov 12, 2010.

  1. Scalping this to the short side until we clear 50
     
    #4271     Oct 25, 2011
  2. Today. Kept holding for a trend, but was a scalping day.
     
    #4272     Oct 25, 2011
  3. Amazon net income 14 cents vs 51 cents... perhaps the reason for this after hrs dump?

    Entries were far and few in between for me. By the time i did get one I was either lulled to sleep or I get a call from a telemarketer.
     
    #4273     Oct 25, 2011
  4. Wow... markets are capable of anything... Very ominous daily candles all over.. ES had better not return into the box.
     
    #4274     Oct 25, 2011
  5. Good morning traders!
     
    #4275     Oct 26, 2011
  6. Subconsciously I do not want profits... No doubt.
     
    #4276     Oct 26, 2011
  7. Yes you do . you were booking profits to get green on the day.

    Happens sometimes.
     
    #4277     Oct 26, 2011
  8. -13+ for the day.. Chose to trade chop (during the EU mtgs.) after all the nice movement was done.
     
    #4278     Oct 26, 2011
  9. today
     
    #4279     Oct 26, 2011
  10. jack411

    jack411

    You end up ahead more days than not. From what I can tell about you, greed is what gets in your way. You've mentioned it before too - wanting to catch every move up and back down. Are you trading 1 contract? You're consistent enough to trade more, regardless of your account size. Everyone on this website will go on forever about having enough capital to trade with. If you're confident with your trades and you have an actual edge, meaning you can consistently come out ahead after commissions, then account size doesn't matter at all. I know this for a fact. It only matters if it would drastically change how you trade in a negative way - which means no confidence. You had $100/contract when you posted this (I just saw your recent post, you're down on the day now - just making a point here though. You'll either climb your way back to green or make up for it the rest of the week. You typically do). If you used a little more size, it may help with the "greed factor". At $100/contract, just 1 or 2 more contracts can add up to some decent money each week. I noticed Instynct mentioned something similar the other day as well. Just amazes me to see some of you guys netting 20+ points a week and still being disappointed in your performances. Everyone has their own threshold for risk though. This is just my opinion based on what I've read from you. Enjoy seeing you (and the others) post here.

    Take care and keep at it!
     
    #4280     Oct 26, 2011