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Thanks Jas! Yty = short for yesterday POC = Point of Control (Basically, Market Profile lingo. If you check out anything on the internet on MP you will see POC. Basically where price traded for most time and the peak of the price histogram.) To briefly check out MP see...

I gotta stop doing so well or I could get used to it :) Part funny, part truth. Losses do help build character and keep you focused. Fortunately, I've managed to do both so far since last week and had another good day. First trade, I took a short off the secondary POC which I scratched for...

Best week so far. I attribute it to being able to read the action and patience. Having patience, and monitoring the price action and the volume associated with it gave me good entries. The Market Profile really helped me identify when to pay more attention and when to go off and do something...

No real setups that are typical of my trading of late but did take some quick shorts that worked on good market reads. Market started down and I waited for it but in a surprise move reversed and pushed up. Looking at the profile I thought it could top out at around 3000. It did a little...

Overall it was a good day. I'm still in the mental zone of the previous 2 days which I believe was on the right track so the profit was an expect result. On my first trade I experimented a little. Market openned below yty's value and I thought it would rally - especially after the spring...

As the results are getting a little long, I'm going to be posting them by month. The close of the month will be considered the last full week. For example, I am considering Jan 31st in Feb as it is the start of a new week. Therefore: 1/18: W:2 L:1 E:0 Won: +9 Lost: -2 Profit for day (in...

Wow! Awesome. We can all learn from the above points. So so so so so so so true!!!!!!!! I think this is the most difficult part in trading. You need to be able to shift from the emotional rollercoaster to accepting the losses as a normal part of business. So so so hard. Whenever you...

Market openned above yty's value and decided to take a shot at a short on a break. Instead of waiting for the bar to close and get some confirmation I got in short and before I knew it I was down -6 pts. Took a 2nd stab at it and dropped another -3 pts. I learnt my lesson and got in short on...

Recognised based on MP that the market would pullback after the week open. Missed an oppty to get in short. Market then pushed down and I decided I would get in on the pullback. Got in short and scratched for -2. Then got in again but as there was econ news coming out I scratched for +1...

Well, finished the week up +3 pts but should have done better. Started off trying a short off yty's POC but scratched it pretty quickly when I didn't see continuation. Had 2 down bars off the high and decided this had to happen quick if it was to happen at all. Look at the daily...

Thanks. Still in the game thankfully but should be doing better than that. Have seen 2 friends though blow out their account... Only trade FESX. I think its a more tame than the DAX.

Yty's trades (Thursday): I wanted to get in short and basically screwed up trying to be conservative and despite being right ending up dropping -11 pts. I started my shorting a little early and had 2 scratches. Then again short with a 3 pts stop but mental. Then as I clicked away...

Matcha, you can't be profitable everyday. You will have some down days so you need a weekly goal. I never said you would trade 8 contracts. If you are trading well, you can trade 20 and more contracts. Especially if you are on the ES. 20 contracts @ 20 pts a week is around $100k per yr...

After having too much patience today, I ran out of steam and rushed into a trade. Morning had a nice long with price testing lower and finding buyers on volume. Could have got in there at yty's POC but didn't.. Then price made a top but was away from computer. Noticed it, 5 minutes too...

I don't know. I think it really depends. Personally, I've found when I'm hesitating it's usually because I'm looking for a trade rather than it being an awesome setup. When the setup is great I rarely hesitate. When its just a good/ok one then a little hesitation. When alot of hesitation...

In your 1st post you said you were do well but traded less. If you had a strategy that worked then continue doing that. Don't change just to day trade! Why is it not sustainable? Is it because of cash? Or some other reason? To make more $$, just trade more shares. If you don't have...

My personal take (which doesn't mean is right or wrong) is I don't like the 1st and 2nd trades because of the tests that occured. In 1st trade (which I prob would have taken and then banged my head against a wall) you have several long upper wicks on the candles. Price tested and failed so a...

Week continues to treat me well. Studying my trades and the journal is paying off. Price trended down and while I wanted to participate it wasn't under the setups I like. The market then pulled back and rallied. I took a look at the chart and saw a nice balance area at the bottom. I...

Good start to the week with a nice profitable trade. Price pushed down through yty's LVA. Some econ news came out at 10:30am but I didn't think this had any effect as price was pulling back without a change in pace. I took a short after the first red candle but scratched it for 0 pts as...

Market Profile for today's actions. Solid line = POCs Dotted Line = Upper Value Area (Feb 18th) Dotted Line = Lower Value Area (Feb 18th)