Dan's Journal

[DOINAN]

WIN +10 PIPS B-)

Asian Session - 1 Set Up 1 Alert 3 Pips

Euro Session - Set Up 1 Alert 7 Pips

US Session -

Made 10 Pips today. Following the 25 Mantra. Waiting for Fruit saw a couple of seeds on Euro Chart but will wait for AO to peak/high to enter on next Fruit. Still doing morning pages and reading Master Key ebook.

[Dave]

Hi Dan, good work on nailing some nice entries, but.... (and I feel like this is exactly what Immy wrote in my journal a little while back)... you've gotta let 'em run man!!!
If you had implemented a simple trailing AIMS level close you would have had 23ish pips from the first entry and at least 10 from the second (can't see what happened yet or where you may or not have been stopped out).
The first challenge of letting it run is accepting that those little 5 or 6 pip winners may in fact end up as small losers, but letting it run gives the opportunity for those home runs. Even in these trades your 10 pips total would have been 33+, a significant difference!
Keep at it, well done.
Dave

[DOINAN]

WIN 6.5 PIPS 6-22-13

US Session - Win 6.5 Pips on Set Up 1. Could have stayed in longer and made more but didn't. Next time!

[DOINAN]

Hi Dan, good work on nailing some nice entries, but.... (and I feel like this is exactly what Immy wrote in my journal a little while back)... you've gotta let 'em run man!!!
If you had implemented a simple trailing AIMS level close you would have had 23ish pips from the first entry and at least 10 from the second (can't see what happened yet or where you may or not have been stopped out).
The first challenge of letting it run is accepting that those little 5 or 6 pip winners may in fact end up as small losers, but letting it run gives the opportunity for those home runs. Even in these trades your 10 pips total would have been 33+, a significant difference!
Keep at it, well done.
Dave

Dave,

Thanks for the advise. I will implement a trailing stop next time to let my winners run!! I appreciate your advise.

Dan

[DOINAN]

WIN 2 PIPS 6-23-13

Pacific Session: Traded Set Up 1 Alert. Market kind of sideways. Decided to get out after 5 consecutive green bars.

80% Mind
Reading The Master Key, 25 Rules Mantra, Daily Affirmations, and more....

[DOINAN]

WIN +10 PIPS 6-24-13

Euro Session: No Alerts

US Session: Classic Set Up Blue Dot Alert. Exit on 5 consecutive red candles.

80% Mind
1. Morning pages
2. Pre-session affirmations
3. Pre-session 25 rules
4. Pre-session "Abraham Trade Video"
5. Pre-session "Trading The Zone Wall Note"

[DOINAN]

WIN +3 PIPS 6-25-13
.
Traded All 4 Sessions. Also Traded Fruit.

[DOINAN]

25 Rules of Trading Discipline by Doug Zalesky. I read daily.

1. The Market Pays You To Be Disciplined.
2. Be Disciplined Every Day, In Every Trade And The Market Will Reward You But Don't Claim To Be Disciplined If You Are Not 100 Percent Of The Time.
3. Always Lower Your Trade Size When Your Trading Poorly.
4. Never Turn A Winner Into A Loser
5. Your Biggest Loser Can't Exceed Your Biggest Winner.
6. Develop A Methodology And Stick With It. Don't Change Methodologies From Day To Day.
7. Be Yourself. Don't Try To Be Someone Else.
8. You Always Want To Be Able To Come Back and Play The Next Day.
9. Earn The Right To Trade Bigger.
10. Get Out Of Your Losers.
11. The First Loss Is The Best Loss.
12. Don't Hope And Pray. If You Do You Will Lose.
13. Don't Worry About News. It's History.
14. Don't Speculate. If You Do, You Will Lose.
15. Love To Lose Money.
16. If Your Trade Is Not Going Anywhere In A Given Time Frame, It's Time To Exit.
17. Never Take A Big Loss. Only A Big Loss Can Hurt You.
18. Make A Little Bit Every. Dig Your Ditches, Don't Fill Them In.
19. Hit Singles Not Home Runs.
20. Consistency Builds Confidence and Control.
21. Learn To Sweat Out (Scale Out) Your Winners.
22. Make The Same Type of Trades Over and Over Again-Be A Bricklayer.
23. Don't Over-Analyze. Don't Proscrastinate. Don't Hesitate. If You Do, You Will Lose.
24. All Traders Are Created Equal In The Eyes Of The Market.
25. It's The Market Itself That Wields The Ultimate Scale Of Justice.

[Dave]

Good list, Dan. These type of daily reminders are excellent, particularly when they are kept in clear view! :-bd

[DOINAN]

WIN +8 PIPS 6-26-13


US Session: Traded Classic Set Up. Loss 10 PIPS, Loss 6 PIPS, Loss 4 PIPS. Market going sideways.

Asian Session: Traded "Fruit Strategy" on 1 Hour Chart. +10 PIPS exit half position moved SL to BE. +15 PIPS, +5 PIPS