I won't be trading today; most likely not tomorrow, and then off Monday.
I hope everyone has a great Memorial Day Weekend!
Thursday, May 27, 2010
Wednesday, May 26, 2010
Random fun post
My wife and I went to Taste Addison last week, and I got to meet Captain Jack Sparrow. :)
Lots of good food, drinks, music, arts/crafts, etc.. Thought I would share..
One of the primary reasons I trade, more time, more time to spend with the family, more time to spend with the family doing enjoyable things. I get reminders often on why I do what I do.
5/26 (B/E) - Relax.....
This week I have given up caffeine, coincidence?
Missed the big move after the news, took a few small ones here and there, still not my usual self. Trying too hard.
Missed the big move after the news, took a few small ones here and there, still not my usual self. Trying too hard.
Tuesday, May 25, 2010
5/25 (-69) Start late, get spanked
Started late today; missed multiple entries, then struggled as you can see below; decided to call it a day.
Monday, May 24, 2010
5/24 (+33) Not entirely focused
Not focused this morning; usual morning rituals didn't happen today. Will call it a day.
Sunday, May 23, 2010
Friday, May 21, 2010
5/21 (+48) Done in 20; TGIF! (+335 for week)
I had a goal to finish early today because it is Field Day at my daughter's school. Done!
Have a great weekend!
Thursday, May 20, 2010
My default ATM
Second contract:
I always use buy/sell stop orders to enter a trade, usually at the close of a 'signal bar', sometimes a tick or two earlier if I know the chance of it popping are pretty good, to ensure a nice fill.
This is the default, but I am always changing this based on the current conditions of the trade; ideally I will move the first target to a defined potential target based on support/resistance and then try to give it room to get there. My goal is to leave my runner in to the point where price closes below my MA, but I am still struggling to give it the room it deserves. Work in progress, as always..
5/20 (+46) Big drop pre-market
Took 4 trades, watched it trade sideways for a while, and then couldn't find a way into the short really. Done.
Wednesday, May 19, 2010
Added e-mail subscription option
I have added the e-mail subscription option (on the right side) to make it easier for everyone to follow along.
5/19 (+56) Inventory day
Still working..
I think my ATM got me on the 9:17 short yesterday, but I want to confirm a few things before looking like a fool. :)
I think my ATM got me on the 9:17 short yesterday, but I want to confirm a few things before looking like a fool. :)
Quick summary:
Tuesday, May 18, 2010
5/18 (+92) Switched contracts, strong trend down since open
No, it is not a typo, +92, same as yesterday.
Today, I got a good lesson in probabilities, and discipline to continue after getting your ass whopped for a short time.
Many, many trades today, so instead of charts, I will be breaking down the trades tab.
Slippage (using market orders now) was a factor today on entries and exits, but, nothing game changing.
Was close to calling it quits here; but, reminded myself about probabilities, and have not yet hit my max daily loss $.
Today, I got a good lesson in probabilities, and discipline to continue after getting your ass whopped for a short time.
Many, many trades today, so instead of charts, I will be breaking down the trades tab.
Slippage (using market orders now) was a factor today on entries and exits, but, nothing game changing.
OK, good start to the day:
Next, ass whooping:
Was close to calling it quits here; but, reminded myself about probabilities, and have not yet hit my max daily loss $.
A decent attempt at a good trade on a big push down:
And, then, the finish:
Updates on ass whooping:
The trade at 9:11 makes no sense at all.
9:12: late short, didn't work.
9:19: was an add that didn't work.
9:26: failed short; I missed the 9:20 short because I was getting stopped on long!
9:29: either need to be in from .64 or .72 (breakout), poor entry.
The trade at 9:11 makes no sense at all.
9:12: late short, didn't work.
9:19: was an add that didn't work.
9:26: failed short; I missed the 9:20 short because I was getting stopped on long!
9:29: either need to be in from .64 or .72 (breakout), poor entry.
Monday, May 17, 2010
5/17 (+92) Good Monday
I am now using market entries instead of limit orders. I am always using buy/sell stop market orders now on entry and stop market on exit as well.
Still need to focus on:
1) Sticking with the original trade idea, add at key areas, but remember the original target.
2) Be more like a robot with entries; there are many which line up, and I am watching instead of executing.
3) Remind myself it is all about probabilities. Stops will come; but I need to be in every trade which lines up. My edge will play itself out over time; and with my experience and hard work it will pay me as I expect it to.
Still need to focus on:
1) Sticking with the original trade idea, add at key areas, but remember the original target.
2) Be more like a robot with entries; there are many which line up, and I am watching instead of executing.
3) Remind myself it is all about probabilities. Stops will come; but I need to be in every trade which lines up. My edge will play itself out over time; and with my experience and hard work it will pay me as I expect it to.
Charts with comments:
Friday, May 14, 2010
5/14 (+89) T.G.I.F. (+245 for week)
Ready for the weekend; still not feeling 100%, and it is very warm in here. :)
Was good enough to stand aside in the morning as I didn't feel focused or "in tune", missed a few decent trades, but I am OK with that. Waited took one breakdown which didn't go anywhere, and then took a nice short, added at the original entry (not my usual play - what was different here?), and then called it a day.
Was good enough to stand aside in the morning as I didn't feel focused or "in tune", missed a few decent trades, but I am OK with that. Waited took one breakdown which didn't go anywhere, and then took a nice short, added at the original entry (not my usual play - what was different here?), and then called it a day.
Charts with comments:
Thursday, May 13, 2010
5/13 (-43) Headache / got spanked
Today was a rough day, woke up with headache, but can't remember if it got worse before or after I was done trading. I am still not feeling 100%, but wanted to get a post done.
Started off OK; then between 9 and 11 CST made multiple mistakes. Most times I had the right direction down, but failed to place my stop properly or just got shaken out / was impatient.
Started off OK; then between 9 and 11 CST made multiple mistakes. Most times I had the right direction down, but failed to place my stop properly or just got shaken out / was impatient.
Here is an example of stop misplaced early in the morning:
More mistakes:
Wasn't doing well, and so decided to break for a while around 11; when some nice moves started of course. :)
I did take one "after hours" trade here, it looked too pretty to pass up; and felt like after my afternoon break I was good to trade again.
Wednesday, May 12, 2010
5/12 (+86) - Patience pays on 'Hump Day'
Was up 10 net, and near calling it a day after an extended period of consolidation and chop after the news and then it came, a very nice breakdown which made it relatively easy to cash in on.
Charts with comments:
Tuesday, May 11, 2010
5/11 (+55) - If you can't take the heat, then get out the office
It was especially warm in my office today; almost 84F. I am too cheap to turn on the AC, so I have to get done early. Hah! Just kidding... partially...
Started off missing a trade (right around open, check it out), but took a few nice ones shortly afterward. From there, gave some back, made it back, and ended up near day high. Decided the heat was too much for me, so called it a day.
Well, I was going to post my charts with my notes, but then being a clever guy, I intended to clear my s/r lines from the chart, but instead cleared all drawing objects, including my text and arrows. I won't be re-doing it, so instead will post the Account Performance -> Trades tab for any/all to do their own homework on their charts.
Get in, get out, get done; until tomorrow!
Started off missing a trade (right around open, check it out), but took a few nice ones shortly afterward. From there, gave some back, made it back, and ended up near day high. Decided the heat was too much for me, so called it a day.
Well, I was going to post my charts with my notes, but then being a clever guy, I intended to clear my s/r lines from the chart, but instead cleared all drawing objects, including my text and arrows. I won't be re-doing it, so instead will post the Account Performance -> Trades tab for any/all to do their own homework on their charts.
Get in, get out, get done; until tomorrow!
Monday, May 10, 2010
5/10 (+58) - CL still moving very quickly
Last week and today, CL continues to move quicker than usual.
Overall, not a bad day with regards to my rules. I gave the runners a little too much room a couple of times. I also exited on first contract before my original potential target, which almost always was hit, but, I am ok with it, as it sometimes saves me from failed breakdowns/breakouts.I take the signal and then look to the intended target, while monitoring T&S and the DOM for clues on what is happening. Made good progress on leaving the runner alone. Progress and consistency!
Overall, not a bad day with regards to my rules. I gave the runners a little too much room a couple of times. I also exited on first contract before my original potential target, which almost always was hit, but, I am ok with it, as it sometimes saves me from failed breakdowns/breakouts.I take the signal and then look to the intended target, while monitoring T&S and the DOM for clues on what is happening. Made good progress on leaving the runner alone. Progress and consistency!
Charts with some comments:
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