Out +10 :)
I'm feeling more comfortable with my first hr trades and this journal has helped.
I've been printing out my charts and reviewing and finetuning. Hopefully this will continue to do well and I'll increase my cars.
If I traded full-time for a living then it wouldn't be with 1 contract. :D It would be with 10.
Right now I have a setup that I think has an edge and so I am testing it out with 1 contract. This gives me the chance to experience live trading without wiping out my account. I recommend...
Seriously man, focusing just on shorts is plain wrong (actually its just stupid...). You're restricting yourself alot. What are you going to do when there is a super momentum period? Not take trades? Or still short and lose $$$.
If you want to focus then cut down on the contracts. You...
No news pre-open. I took a long as stated previously, and took my profit at +9. Why +9 and not +10 as normal. Can't explain it. :) Guess I was a little worried about the trade... Still nice and quick :)
Today I'm going to try something different. So far I've posted my trades after I'm in and out. Today, I'm going to try and post at the same minute as my entry so stay tuned :)
Please note that I put an emphasis on the try as I may not be able to post fast enough for non-trading related...
Hey Guys! No trading yty. Today I had 2 trades. The first was a long around 5 min before consumer confidence came out. I then realized that the news was going to come out and scratched the trade for +1 because I didn't want to have a position going into the announcement. The annoucement was...
Market looked ranged bound so I took a long for a 10pt tgt and a 7pt stop loss (basically 1 pt below the low). Market made a tiny effort before moving down and taking me out. -7 pts.
For the Week: +6, +10, -7 = +9
For the Month so far: +41, +9 = +50
Damn. While I was typing here I missed a great chance to take a great trade :( Could got +10 in 1 min. Lesson: No more typing in Journal during trading hrs.