Trades today 5 /10/217 1) Last night I opened my computer and felt we had a top - market was testing high following a relentless bear channel. I shorted but wanted a quick move, since it was late I tightened my stop as the market was at it strongest and started to pull back down, the marked poked back up and i got stopped out. Turned out to be the high 2) Initiated a long near the bottom of a trading range, the bear spike i bought was a MM from the trading range up top (small one, 2x risk) and earlier bull strength made me comfortable buying here (I was ready to exit in case market went lower) Had to take a call and do a few errands so I stopped trading 3) I'm trying to get better at stop entries, placed a sell stop below a big bear bar (1:35 pm est), was expecting the bear BO following the trapped bulls and all the tight trading range behavior - one side was bound to get caught on the wrong side. Scalped it out I was worried about continued bear since the trend is strong and we are near some support so a strong bear BO would break through so I was a little hesitant with trades, in retrospect should have bought around 30 mins after my 3 trade (sell stop short), considered buying with a stop above the first big bull bar at 2:30 pm EST but didn't feel comfortable so close to the 5 min EMA
Edit - made one more trade when i checked ninja trader again, had to be small and quick because the time limit is in 10 min for all positions to be closed for the day 4) Quick short - double top in an area that I was watching before - trapped bulls earlier here
Trades today 5/11/2017 1) Opened my computer and bought a small dip with a limit held for 10+ pips, should have held longer - working on that 2) Sold Short but due to bullishness i place a stop close and put it BE, got stopped out 3) Re-initiaited a short higher up and scalped out below 4) Long - The market was halting seriously so I lost faith in the bear and once on the 5 min EMA, i bought since I still think we had a little more up to go, at least test the little trading range high
Trades today 5/15/2017 - 6e (EURUSD) 1) Short a Final Flag reversal, shorting on bull strength, scalped out because we are still in a bull trend 2) Long at the 15 min EMA, also sideways to down bear corrective move that had bull bars in between signifying weak bears 3) Short at a prior minor high, since the bear move was so long, I thought there would be disappointed bulls at the last prior good bullbar to get out breakeven Takeaways - need to learn to hold on longer to positions, still eating away at my potential profits
current TST performance My bank cancelled a payment to TST so it said my account was cancelled. After re-paying, I wanted to make sure my account was still active so I placed a quick trade thursday night. Trade was BE but counted as a losing day and thus my current TST dashboard says i have 80% profit days (did not trade last friday), this will turn to 83% later tonight when the dashboard refreshes. Current stats for combine:
5/16/2017 trades: 1) Long into a triangle test, didn't like the bear strength and exited 2) Re-initiated long, scalped out above for 7/8 pips 3) liked the context so after scalping out, i bought a dip and held for 10 pips 4) Shorted at a bull trend channel line, scalped out below - should have held 5) Shorted a bad buy set following a buy climax, in retrospect was risky but worked out - got ~5pips from it At this point I was up +330 dollars trading one contract and +22 pips, I had a meeting and call which distracted me. I should have stopped trading but i was stupid 6) shorted lower high, did not like the bull bars (feared BO, so tightened my stop and got stopped out) 7) I bought the dip- partially i was angry that i got a lost when i could have gotten out BE (never revenge trade). I bought, was prepared to sale in lower but market did not get to my second buy area. I held for a while, could have gotten out with a scratch but held until the market made me give up. In retrospect I should have held, I need to work on trades that i have on that i don't like, they keep me from trading the way i should when trapped in them. 8) stupid trade, tried to short a lower high, but way too tight of a bull channel to short. I scaled in at the prior high and got out with a scratch loss. Overall upsetting day, I lost half my money earned today by being a combination of arrogant, stupid and bored. Need to work on emotions.
Ruined my profit factor today but still happy to be profitable most days and looking towards improving my trading and hopefully getting to funded trader prep soon:
Trades today 5/17/2017 Have reached my target and do not want to replicate yesterday where I lost a lot of money after early success, will be trading demo for the rest of the day 1) Premature short - got caught and felt the bull BO coming so was prepared to scale in higher but market never got to as high as I wanted, I got out on a dip for a loss 2) Felt that the 2 bear spike was a sell vacuum and buyers before made a lot of money so they would come back. I bought and wanted to hold for a big move - better entry would have been the double bottom 20 mins after my entry. Got over 15 pips 3) Didn't like the hesitation forming up top so i got out to protect some profits on trade #2. The market was too bullish and since i got out earlier than i wanted, I was trying to buy a dip but it never came and therefore i bought the market - got around 12/13 pips