Today I followed my trading plan but it just didnt work out. I tried to give my trades enough breathing room to develop but got stopped out at BE a bunch of times. Its ok, if I keep this up I know ill win in the long run. -3.5%, DS 10/10
David's journal
-
azadar
- AIMSter
- Posts: 245
- Joined: 01 Dec 2012, 01:53
- 12
Re: David's journal
You do not have the required permissions to view the files attached to this post.
-
azadar
- AIMSter
- Posts: 245
- Joined: 01 Dec 2012, 01:53
- 12
Re: David's journal
Today I had 3 campaigns. +3.7% DS 3/3. Really happy with the way I traded today even though I missed a big move that was worth 15% account growth.
From now on, I will pay more attention to the daily trend as fruits in direction of strong daily trend have high chance of success as seen in picture below (I have seen this happen many times).
You do not have the required permissions to view the files attached to this post.
-
Dave
- AIMSter
- Posts: 865
- Joined: 13 Feb 2012, 06:05
- 13
Re: David's journal
Well spotted, David. Fruit and S1 entries that occur on a pullback of a higher timeframe that is in a clear trend are super spots to get involved. This is my preferred way to find trades, watch M5, let it show you the way, and then when M5 pulls back watch M1 for a continuation signal (either an S1 or AA). Good stuff! (party)azadar wrote:Today I had 3 campaigns. +3.7% DS 3/3. Really happy with the way I traded today even though I missed a big move that was worth 15% account growth. From now on, I will pay more attention to the daily trend as fruits in direction of strong daily trend have high chance of success as seen in picture below (I have seen this happen many times).
Now, I choose to make a profit in trading.
-
azadar
- AIMSter
- Posts: 245
- Joined: 01 Dec 2012, 01:53
- 12
Re: David's journal
Frustrating day as I was not able to catch any strong moves. I closed the day at -9.5% DS 9/10 and stopped trading because I got angry on the last trade. Thats a rather large loss for a single day but on the other hand upon review of my trades, I am fine with all of them except for a bad close mid session that cost me 1%. Everything else was according to my trading plan and I would trade them again anytime. I know that if I trade like this the next decent move is gonna pay back a large chunk if not all of it.
I missed the surprise spike down (86 pts in a single candle) as I was interested in longs due to strong daily trend.
I thought about putting a daily stop after say 5% loss but ive often come back from such losses to close the day at BE or in profits so im not sure if it would really help. My daily stop is when I feel like I am not trading according to my plan or making mistakes. I can live with a 10% loss as long as my DS stays high and I dont make mistakes.
I missed the surprise spike down (86 pts in a single candle) as I was interested in longs due to strong daily trend.
I thought about putting a daily stop after say 5% loss but ive often come back from such losses to close the day at BE or in profits so im not sure if it would really help. My daily stop is when I feel like I am not trading according to my plan or making mistakes. I can live with a 10% loss as long as my DS stays high and I dont make mistakes.
You do not have the required permissions to view the files attached to this post.
-
azadar
- AIMSter
- Posts: 245
- Joined: 01 Dec 2012, 01:53
- 12
Re: David's journal
Friday was a great learning experience for me. Had a ton of rents on thursday and I think it played a role in my bad performance on friday. I didnt want to lose so of course I ended up loosing. -8%, DS 11/17.
I remember saying "this is a bad day" after closing a campaign early and missing out on a big 10%+ move. From this moment on, things went downhill and I went from +3.5% to -8%.
On saturday I started reading a book called The Magic Of Thinking Big by David Schwartz. One of the first things I learned from that book is that if you think your having a bad day, things will definately get worse. But if you tell yourself that your having a great day, then your day will be great. From now on, the first thing ill do every single day is tell myself that its a great day today and list a few things that make this day great. It takes only a few seconds and it will prime my mind to perform at its best.
I remember saying "this is a bad day" after closing a campaign early and missing out on a big 10%+ move. From this moment on, things went downhill and I went from +3.5% to -8%.
On saturday I started reading a book called The Magic Of Thinking Big by David Schwartz. One of the first things I learned from that book is that if you think your having a bad day, things will definately get worse. But if you tell yourself that your having a great day, then your day will be great. From now on, the first thing ill do every single day is tell myself that its a great day today and list a few things that make this day great. It takes only a few seconds and it will prime my mind to perform at its best.
You do not have the required permissions to view the files attached to this post.
-
azadar
- AIMSter
- Posts: 245
- Joined: 01 Dec 2012, 01:53
- 12
Re: David's journal
Charts were choppy today and it was difficult to turn a profit. Closed the day at -1.36% DS 9/9. I think I did well considering the choppy chart.
You do not have the required permissions to view the files attached to this post.
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: David's journal
I thought the day was tough too and also ended a bit down, the market just didn't want to give
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
-
azadar
- AIMSter
- Posts: 245
- Joined: 01 Dec 2012, 01:53
- 12
Re: David's journal
Today the charts gave some nice moves but I failed to turn a profit due to bad trading. Closed the day at -0.22%, DS 11/13.
I failed to acknowledge the up trend and missed all the long fruits that could have made this a very profitable day.
I failed to acknowledge the up trend and missed all the long fruits that could have made this a very profitable day.
You do not have the required permissions to view the files attached to this post.
-
zlabis
- AIMSter
- Posts: 533
- Joined: 26 Nov 2013, 08:53
- 11
Re: David's journal
David,
if I may leave a short comment: I think you're trading was ok, maybe some PC or BDB entries were a bit aggressive but the trend was only clearly visible in hindsight, IMHO. Price always went back to gator, so it was not easy to stay in the trades. There were difficult conditions if you did not accidently catch the major breakouts. Each one of your entries could have been the entry into the big breakout trade but they simply weren't.
Just my 5 cents ;-)
Cheers
Michael
if I may leave a short comment: I think you're trading was ok, maybe some PC or BDB entries were a bit aggressive but the trend was only clearly visible in hindsight, IMHO. Price always went back to gator, so it was not easy to stay in the trades. There were difficult conditions if you did not accidently catch the major breakouts. Each one of your entries could have been the entry into the big breakout trade but they simply weren't.
Just my 5 cents ;-)
Cheers
Michael
"Want what the market wants", Bill M. Williams in "Trading Chaos - Second edition"
-
azadar
- AIMSter
- Posts: 245
- Joined: 01 Dec 2012, 01:53
- 12
Re: David's journal
Thanks for cheering me up Michael 
Yes I do take aggressive trades with the PC and BDC as I have good success with them. I have been using those for about 2 weeks now and im up 12% using those entries alone.
Yes I do take aggressive trades with the PC and BDC as I have good success with them. I have been using those for about 2 weeks now and im up 12% using those entries alone.