Recent content by Creedisgood

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    Burton's Journal

    I've been trading horribly. Super embarrassed to post them. It's just jibberish. So I'm slowing down and getting a plan. I'm officially even for the year after giving up my earlier gains for the year.
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    Burton's Journal

    What I'm working on today. Not holding some part of the trade too long. This first trade was probably my best management wise. Management of trades is #1 priority. So one simple way to manage the trade is don't hold onto some portion of the trade beyond my stop. Thinking it was one lot no...
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    Burton's Journal

    No Trades today. I just felt off when I got up this morning. Being AZ time the bell is 630Am in the summer. When the bell rang I had been reviewing my charts and I had no conviction on either way at all. Didn't feel like a big down day or a big up day. I don't have any great indicators...
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    Burton's Journal

    Super hard. The days I go crazy are never good! 1st Trade Pretty weak level to go short. Kept it to a small loser. Result 2nd Trade. Loved this trade. This was the 4th time we were going to try to break yesterdays Hi. Looked strong had a good magnet target of a gap from a couple of weeks...
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    Burton's Journal

    It is! I'm listening to it now. If you play poker I highly recommend it. 1st trade. I posted a couple of days ago I was going to look for the trade that breaks through yesterday's lows and bounces back. This exact thing happened today and I was saying to my self this trade isn't probably...
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    Burton's Journal

    My wife is reading the following book right now and she had me listen to a part of it where the author did an experiment with people dealing with incomplete information. She used a simple game with buying different stocks or a bond. The jist of it was she discovered that the more people...
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    Burton's Journal

    How not to trade! Going to have some great examples here --the one bright side is I stopped before my daily loss limit. That's a win. I also see a trade I used to play and not anymore. When we go through yesterday's low or hi and shoot back false breakout and it runs the whole day. I had a...
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    Burton's Journal

    I was overtrading I was just getting a little looser every day until it seemed normal. Took yesterday off went golfing it was perfect outside only 107. 1st Trade Had a good trend established just was looking for a good level to get in. Got in at almost the top couldn't hold the last one...
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    Burton's Journal

    That was great! I just laughed the whole time listening to this. Nothing like a little Star Wars to lighten the mood!!
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    Burton's Journal

    Worst day in a while. If going to disregard my daily stop limits AND just push buttons on my 'feelings' of where the market is going to go I will not trade anymore. So if I'm posting this again it will be my goodbye post. There is no reason for me to continue to trade if I'm going to do...
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    Burton's Journal

    No hiding out I ended up making two more trades at the end of the day. Since I already said I was done for the day I had a very, very, very tiny risk tolerance. I'm sure I would of been the same way on a target. I got into two trades barely went against me and exited. It even held the...
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    Burton's Journal

    1st trade Looks like we have a downside trend developing. Broke cash session lows looked for entry with a bounce back into S/R. I don't have hard stops but what I might do in my stop area if I'm in 5-7 lots is take off half. I was only in 2 lots so was just watching what it was doing...
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    Burton's Journal

    1st and 2nd trade. I usually don't trade the employment number (can't say that anymore) I had been laying in bed (5am AZ time) seeing what had happened overnight and decided to get in front of the computer. I wonder if I would of traded this with eminis 2 months ago. I might of-- that's one...
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    Burton's Journal

    1st trade- Using the hi of the day as stop. It only hit one of my entry points. Results Didn't get greedy like yesterday. Just because you are only in one lot doesn't mean you have to ride it down for 20pts. The market doesn't care how many lots you are in. A trade is a trade. Got lucky...
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    Burton's Journal

    4th Trade Going over all these trades is a little tiresome. I'm hoping this is a deterrent to overtrading. I'm putting them all in no shortcuts. Price came back to a great level that I liked the R/R. I P&L traded this again. I only got in one lot and rode it down to about a 13 pt winner to...
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