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Summary: Day: - RT: 5 (2 win, 3 lose, 0 scratch) - PL: -7.00 Month: - RT: 19 (10 winner, 8 losers, 1 scratch) - PL: -13.00

9:30 Begin 9:45 leave screen 9:55 Return & missed rocket - doh! S1 1006.00 1007.00 -1.00 (10:33) (10:42) Sell break lower. Stopped out. [hindsight: why wait for stop?] S1 1005.25 1004.75 +0.50 (11:06) Sell double top. Exit on low vol bar. S1 1000.75 1000.25 +0.50...

My first day daytrading SP I made £860 ($1200ish). My next day, I made £650 ($1000ish). 1+ year later, my performance has NOT lived up to its initial promise. I don't know whether you've been lucky or skillful - but if you have to ask then it's probably luck. Be careful.

14:40 Begin B1 1000.75 1001.50 +0.75 (14:59) (15:01) Buy break up. Bail when down vol more than up vol in next 2 1min bars. [hindsight: could have squeezed another pt - but basically sound exit] B1 1002.00 1002.00 +0.00 (15:11) (15:16) Buy break of prev. hi. No follow through...

9:45 Begin S1 997.50 1000.25 -2.75 (10:30) Sold break of flag. Stopped out. [hindsight: way too slow to exit here - at very worst 999.25 was completion of double bot] 10:43 Now we have a long rocket signal - but HoD res just overhead. B1 1002.00 1002.75 +0.75 (10:49) (10:58)...

9:45 Begin S1 986.00 988.25 -2.25 (10:01) Sold break of cong. Stopped out on quick reversal. 10:39 Left the screen for 5 mins & missed a good move - and a rocket signal. I will look to entering long rocket on a retracement. 10:48 Rocket failed. Volume v. low today so far -...

10:10 Begin B1 982.75 983.25 +0.50 (10:20) (10:26) Buy reversal b.o. Turned into rocket, but snatched small profit on low volume bar. [hindsight: missed bigger profits - decision to exit was sound I think - but might have considered re-entering when vol. picked up a few mins later]...

14:10 Begin B1 987.25 983.50 -3.75 (14:37) (15:06) Buy b.o. from congestion. Failed to pull trigger on my 2.25 pt stop - the words rabbit & headlight come to mind. This is starting to become a habit. [hindsight: should have exited for +/- a tick on lack of volume - chart shows lots of...

9:40 Begin Rocket signal on open - do nothing. 9:45 Break of low - which I missed. 9:47 Price very eratic with DOME looking thin & gappy - do nothing. 10:00 There goes that gappy DOME again. Mkt a bit scarey today - looks like it wouldn't take much to launch one of those sudden spikes...

Checking over my records for July, I make it: - RT: 35 - PL: -1.75 so some errors in above stats. :confused:

To continue with the metaphor: How do you distinguish those vines that are going to swing back over dry land, from those that are going to swing you over ever deeper & deeper water?

9:50 Begin 10:00 Wow! B1 991.25 993.75 +2.50 (10:27) (10:34) Buy b.o. up from congestion. Sell @ HoD res (ignoring spike). [hindsight: lots of money left on table] B1 992.50 992.75 +0.25 (10:33) (10:33) This was an order entry error. I intended to put a sell limit to exit...

9:45 Begin S1 992.50 994.25 -1.75 (9:50) Sell short rocket - stopped out. 10:15 Quit I'm unlikely to be trading much for the next 2 weeks - perhaps not at all. On holiday next week & lots of tasks to be completed before then. Summary: Day: - RT: 1 (0 winner, 1 losers, 0...

ptt - agreed

9:30 Begin S1 979.75 982.00 -2.25 (9:41) Sell the break of the flag. Stopped out. [hindsight: way too slow to exit here - should have been able to get out for at least 1pt better] B1 985.50 984.00 -1.50 (9:54) Buy break up. Stopped out. B1 986.25 982.75 -3.75 (10:06)...

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9:30 Begin Gap up and 60min chart attempting b.o. up from double bot. - coincides with fib res @ 94. 10:02 Missed the b.o. @ 94.5 because it was 2 quick & I was too greedy with lmt order. I can usually catch it on the DOME as it breaks but I'm using dial up today so not so responsive...

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9:46 Begin Short rocket in progress - about to enter when price collapsed 2pts to support (80-81), so sitting tight & watching. 80.50 would complete a double top. 10:00 Double top complete but Qcharts lagging so missed it. 10:41 Lots of low volume bars on the 1 minute chart here. I...

I have been keeping an ET journal for about a month now, and I have found it valuable. 1. The act of keeping it - deciding what is important & writing it down - helps. 2. The ability to reflect on what you have done & look for patterns good/bad helps. 3. A public journal - when...