Recent content by BlueDiamond

The past two weeks have been a torrid time. I've been thinking about what went wrong, and I still am. Some things changed in my trading mentality during this time, and perhaps the main reason for this is because I have made some cash elsewhere. Somehow, when you know the bills will get paid...

Thanks for taking the time to register and reply, Myshkin, I appreciate your encouragement. I do think scaling out is a good idea, although the brokerage I use for ETFs is rather expensive if I were to trade a size of 20-50 intraday. Scaling out would be a good option to have, if eventually...

-$112 Maybe the end is near.

-$280 Miserable day. Completely lost control. The frustration of all these wasted trading days is getting to me.

+$20 1st trade short from 975, met strong support and exited too late, +2.25. 2nd trade is a mistake, shorting despite strong support, -1. 3rd trade is also a mistake, going on a low probability long, -0.5.

-$100 Another negative day, mostly because I tried to beat the rules by going in early. Again! First trade was too early, long near the HOD, -1. Second trade was a small loss, -0.5. Third trade was a low probability trade in the middle of the range, -1. Fourth trade was a long...

A frustrating day today as I watched the opportunities come and go. Couldn't trade these few days due to various issues.

Summary of first two weeks: Total no. of trades = 13 Wins = 6, +13.25 or +2.2 per win Losses = 5, -5.25 or -1.1 per loss Breakevens = 2, +0.5 Mistakes = 5 Total points gained = +8.5 Comms = -1.5 Net = +7 Week 1: +1.5 (+$75) Week 2: +5.5 (+$275) Comments: These two weeks have...

-$137 Long near HOD, -1.25. Short near LOD, -1.25. I knew it was shaping up to be this type of day, but couldn't resist taking the trades. Both trades went against the rules. Paper traded the rest of the day, trying out a "doji mode" strategy.

+$275 Stayed on the sidelines yesterday. While sitting on the bench and having to watch all the action, I wondered about an options play to let me participate in these doji days, although the commissions would probably be too high for intraday trading. Today's first trade is a long from...

+$133 Started with a loss, -1, shorting near LOD. Was ready to call it a day when a long opportunity came near 877, +2.75. Then as I was typing this, I made two bad trades, +0.5-0.75, trying to chase the move up. So from now on, I need to concentrate on the action until I'm sure it's...

No live trading yesterday due to connection issues. Paper traded horribly. Today is another day with the index lingering within a few points of the open. Only one breakeven trade as the dow refused to move below 8100. Maybe on days like today, when open < yesterday's close, a possible...

+$50 No trades yesterday. Today is another range bound day in the morning. In view of that, any profit is good for me. First trade was a loss of 1 point, going long around 882. Since the resistance was not yet broken when the trade was made, this has to be a mistake. Second trade...

+$31 Today I got into a good mood! Perhaps this averted the losses. Anyway, managed to get 3 ticks from 1 trade today. Shorted around 884, exit when support was too strong and the time limit was reached. Though it's only 3 ticks, I'm glad it's a positive start.

This may be just another typical journal in ET. I started trading the ES with a $5000 account from the start of the year and by Feb it dropped by more than 60%. So I have been paper trading since then, gradually realizing the numerous mistakes I was making, made many changes, and now I feel...