Recent content by Sonny2010

3/27 - 3/28 No trading; became a bit busy. I found myself a bit shaky after getting clobbered the other day, so I decided to take a break and only get back into it when: 1.) I've used the SIM some more for strategy purposes 2.) I successfully test out another system I've been meaning to try...

Red after commission. I'm at a standstill about whether to keep venturing forward, or, like so many before me, swallow the losses and move on with life. *I have confidence in my method, but not in my execution of the method.* I was up substantially, met my daily goal by 11:00, and then...

3/25 Flat before commission. I had 2 internet connection issues. The first time it dropped out, it came back in 1 minute. The second time, it didn’t. I realized my router was turned the wrong way. By the time I fixed it and was re-connected, the market had danced the other way and I closed the...

Green after commission. Out at 12PM, hard stop. I set an alarm on my desk clock. I had a very good morning. 15/18 trades. It was a highly active morning, so I took more trades than normal. 2 of my losing trades were large, so I need to get comfortable cutting them even shorter. A fine-tuning...

Learning from your losses. I mean, really learning. Not just "noticing" something. If you can keep learning, you can keep improving. The trick is sticking to the rules you built from the learning process. I noted in my journal that I'm entirely convinced the great traders don't have a special...

Green after commission. 14/15 accurate trades. Shut it down 11:45AM. Similar feel for the trades as yesterday. Very nice. Notes: I clipped my losing trade early (or, I should say earlier than I would have a few weeks ago). I know that if I hold on to it, the trade might come back a bit, but...

Green after commission. Unplugged at 12PM today. Following the discipline. Good day overall. I only traded 1.5 hrs. I once told myself in my equities days that I wouldn't trade with important news pending (random development in the China situation, Fed surpise). I'm confident to trade any...

Green after commission. Unplugged at 12PM. Following the discipline. Good day overall. There was a very large volume order placed at 11:57AM that pushed the market up by 10 ticks in a minute. That must have been a single 500+ contract institutional order. I didn’t take a nice trade that I...

Thanks, wrbtrader. Appreciate the feedback. You hit the nail on the head: A bit of greed after a good morning + fear of missing out + trying to prove my process can work in the afternoon are the main culprits. I'm trading from home, and I am alone in the house all day. I'm a professor and...

Can anyone recommend Rancho Dinero for Composite Volume Profile on NT8? I've seen it mentioned in a few threads. I'm trying to get a better read into how far retracements/pullbacks can go intraday. I was learning about how to read the "nodes" of the daily composite profile for this. Not sure if...

Green after commission. Unplugged before 12 PM. Following the discipline. Good day overall. The 11:10 market drop was fun to see as a learning opportunity. I don’t yet have the guts to go big on these kind of waves and just ride them. I’m sure some do, but I go in and out when I’m at high...

3/15/2019 red after commissions. Shut it down at 11:30 AM per the discipline. Last 2 trades were profitable, so let’s start the weekend on a good note. I was profitable on all of my smaller trades, and lost half of my larger trades. Those losses ate me. The smaller trades executed in the same...

I'm curious how well this has been working for you. Have you had any results from this, or are still finely tuning? I like idea of setting a limited # of trades since it forces you to make each one matter. I'll think about this...

3/14/19: Red I was perfectly flat (which counts as a green day for me: see below), but took 2 more trades (out of boredom?) that went against me. I put my honest mistakes below and added some thoughts from the last 24 hrs. Learning from Losses: I was re-analyzing some of the Wizards series...