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good job keeping your PL in check with the renewed earthquake panic and all

Thanks. I actually do ok day trading in simulation mode--mostly playing the volatility off the open (my day is often over after the first half-hour) but as I've painfully documented in my journal, emotional issues were too overwhelming when I started doing it for real. I plan to get back into it...

Hi Rol. Thanks for the journal. What you said about decreasing risk by diversifying across a lot of small positions has inspired some recent work on my ATS. Also, I'm intrigued by the idea of not using stops or profit targets. My system currently uses both and the results, as you probably...

I'm afraid I won't be posting in this journal for some time. I've decided to use the money in my discretionary account for a down payment on a house so I'll be out of the game for a while. I will use my "time off" to perfect my ATS which is starting to show promise (up 1.8% today in paper...

This idea intrigues me. Looking forward to seeing your results. I'm working on an ATS myself, which uses back-testing on various time frames to determine entries, so I guess that would be predictive. I take it you don't do back-testing.

Closed my ORCL long for about +2.25% but the herd took my INTC trade well into the red, teaching me once again to be even more selective about my entries. I think it will work out but the question is when. I have been focusing a lot on my ATS. If I can use automation to find the stocks the...

Still sitting on my ORCL long which is starting to work finally. I bought INTC in the morning for a swing trade as it started to test $20 "support". I picked it up at $20.01 because I thought it might bounce off of $20 and I would miss my entry. Of course it broke through and traded down to a...

Nothing new since last post, and I had zero executions today. I'm just being extremely patient, waiting for the absolute best entries. I was eyeballing CEPH. It had massive volume on takeover news and after it broke out to the downside around 10AM I thought "I would go long here" and then it...

Please enlighten me. What is the Jack Hershey method?

Well my ORCL long is at break even. I'm hoping to milk a few percent out of it before the end of the quarter. Not sure if it was Uncle Ben's renewed commitment to keep the printing presses chugging or, as PropTraderMTL put it, "window dressing the end of quarter", but the market was clearly very...

Not a whole lot going on with this n00b. No intra day stuff today. Still holding my silly ORCL long in the red. Waiting for the market to give me a good opportunity to double down. I'm pretty confident it will work out but I could easily end up waiting weeks or months, which sucks. Since...

I haven't been very active over the last few days. I did not see any intraday opportunities of note. The swing trade i tried earlier in the week did not work out and I ended up losing about $90-something on it. What caught my eye today (Friday) was the price action in ORCL. It opened...

Sounds good in theory

Good read. I liked the part where they explained, essentially, that traders who didn't really give a f*ck were the most profitable. I'm getting very close to not giving a f*ck. In fact the feeling reminds me of how I felt during my first run at college chemistry. At first it stressed me out...

Thank you sir for the advice. I will be a lot more conscious of my breathing. Also what has helped me psychologically is getting comfortable with the idea of failing, understanding what I'm engaged in is speculation where sheer luck is a significant factor.

Didn't trade yesterday because I didn't really see anything I liked. Should have done the same today. I tried to go long ADBE off their earnings miss. The price action looked good after the price plunged off the open but then it fell to pieces. Hairy shit. The price was bouncing around all...

Only took one trade this morning. It is the only opportunity that presented itself. I am focusing on the type of RTM trades that have been the most profitable for me but they do not occur very often. I'm not holding anything overnight at this time. I don't feel great about puking all of my...

Friday lacked conviction. Two out of the 3 trades I took I ended up closing at break-even 'cause I changed my mind about them. The third trade I took I was prepared to hold till monday but had a change of heard about that one also and ended up taking %.25 Friday PL ~$170 YTD (11.68%)

Break-even today. I put a short on off the open that went sharply against me. As usual the adrenaline spiked like I was being attacked by a wild animal but this time instead of getting the fuck out pronto, I took a walk downstairs and made some breakfast. Then a sense of calm came over me...

Crazy market. Traded horribly today. I know those who know what they're doing are making a killing in this volatility. I liquidated all of my long term positions in my discretionary account--all of which for a loss--which made up half of today's realized PL. I told myself that if i dip below...