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Day 2 Just another trading day, nothing special. Followed my rules. (though keep asking myself "why am I getting stopped out for no reason and just collect losses ...") -470

-470

Day 1 (yep, here we go again, Rinse and Repeat as you guys often say here on ET) I was trading like a machine today. Entry setup, execution, exit. Again and again and again. Over weekend I simplified my trading plan and removed as much discretion as I could. I finally decided to scale...

+446

I actually agree with you for the most part and for a long time I used to trade in the direction of the gap (I might come back to that because I want to trade more strats ). Also let's don't forget, there are many ways to skin a cat, I'm just trading what makes sense to me.

Thank you for your comments. I think you are right, automation is not a panacea for trading problems. For me personally automation means I can trade more set ups since it can get difficult to trade a lot of stocks at the same time manually. Only after I achieve my goal in being able to let go of...

I think when trading we probably always do what makes sense at the time. However the nature of the market is that what makes sense at the time is not necessary what it actually is and might not make sense when you look at your trade after the close. Of course I’m only talking about...

I am human (in case you were serious)

I agree with you, we can't get 100% of every move in every trade. And believe me I'm not trying to do it. When I say I left money on the table I mean I didn't wait for my exit signal and that means I didn't follow my rules, plain and simple.

I don't know how to automate it. I don't use any indicators, just price action, and it makes it harder to automate, though not impossible of course. Friend of mine is a programmer and sometimes in the future we might get something going together, for now he is just getting familiar with the...

Day 6 My p/l is positive today, but I'll be honest, I was trading based on my p/l rather than my rules. Because of that I did override my trading plan which of course created the opposite and I left a lot of money on the table. I wonder if I ever be able to make it… It's been over a...

+900 +1676/week

Day 5 I can call this day as "almost at the target" day. I did follow my rules and was taking every signal as part of it. So when I had a lot of positions I had to just place bunch of OCA orders. Several positions almost got to the target and than reversed on me. Overall I would do the same...

-240

Day 4 I spoke with Bob today (AKA Robert Weinstein) and he suggested to continue with this journal if it's helping me. It does help me indeed and I'll keep going for now. Today was nothing special day until RSH, KCI and PSYS started going up all at the same time. This is when I wish I...

+647

For me this book was very useful, his concept made sense and I'm applying his money management suggestions ever since I've read his book.

Day 3 Traded well, still with small size. This journal is becoming really boring (of course it wasn't that exciting to begin with either). I should probably start updates weekly and just post my p/l in the "Trader P/L 2010" thread. If anybody wants to share their journey to consistency and...

+222

Do you know why you sabotage yourself? And if you do, what are you doing to stop it? Only reason I'm asking is that I'm prone to self sabotaging myself and only lately started to address it.