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Quiet day for me as I was concentrating on maintaining discipline and refraining from cowboy style trading. Overall I made 8 trades and broke even for the day after commission. As always I started out well but lost my focus later in the session. I stopped trading before the rate decision so I...

Today I have to give myself the worst possible rating for discipline. I started out well but then I got stopped out of a position which turned my balance into negative. I then started trading cowboy-style. My loss even exceeded my daily maximum. I really need to understand that a small loss...

In my eyes today's trading was choppy and in a narrow range. Therefore I took only 5 trades and took my winners (too) early. All 5 trades were short scalps of peaks. Number of trades: 5 Points: 15 Result: 55

Hi everybody, I'm back with a nice tan after a week of vacation. And I am ready for my final challenge here on ET. My goal is to be profitable during the period from now until end of July (28 trading days). The only way I will be able to reach this goal is by maintaining discipline at...

Hi guys, that's it for me for this week and next week. Unfortunately I won't be trading because I have to go on vacation :cool: I will not take my laptop so there is no chance I will be trading. I will take some trading books though so that at least I can prepare myself for when I get...

Interesting day today. It was a good training session to learn fading all those peaks. I am very pleased with my trade selection. Trade management was again the main problem. In a choppy day like today I suppose it is better to take profits earlier. I let 2 profitable trades (+-15) being...

Excellent day for me! I guess all the work I did during the week-end was well worth it. I was patient today and had a very good trade selection. Trade management could have been better though. After last week's results I was thinking about writing my CV and looking for job openings. But now I...

You are making a good point zx12. However I know from my past results that my strategy is profitable when applied correctly. It could certainly be improved and there are certainly better ones out there. But my strategy is decent and therefore my main focus has to be on controlling my emotions...

Hi wiesman, you are right, I will certainly continue making losses until I have my emotions under control. However I don't believe your recommendation is the best solution. Paper trading does not involve emotions. Therefore if I return to money trading in 6 months time I will again face the...

Hi guys, I'm done for the day and for (my worst ever) week. This week was very painful and I'm trying to see how I can learn from my mistakes. Usually I start the days well focused and the first couple of trades are pretty decent. It seems to me that the longer I sit in front of the screen...

Thanks for the encouragement. I guess it helps knowing that I'm not the only one struggling ... although that won't solve my problems. What makes it so difficult to accept is that it all came so unexpected. I was doing fine and improving my trading constantly. I actually expected to have...

Today I did several trades with only 1 contract. It is a big relief and I find it much easier to stay in a trade. Since I feel much more comfortable trading only one contract there is again the danger of over trading. I am not quite sure how I will continue with this adventure. I hope to go...

You are right, I got chopped several times in the morning. I then missed the sell-off because I was out walking the dog. Then during the last hour all discipline went overboard when I was trying to regain my losses. It was stupid and I'm very disappointed. I hope to get this under control. LL

Dear friends, this is painful. I have realized that after almost 5 months of consistently improving my trading I am now in a serious slump. I have yet to discover the reasons for this setback. As I said numerous times in this thread I changed brokers and doubled contracts in mid-May. From...

Had to stop early, f..... up completely. I had a miserable day all day which caused me in the end to delete my stop on the last trade. Needless to say I got screwed big time. Commission: -122.14 Trading result: -605 Net result: -727.14 Week: -638.66 Overall: -1152.96 So here we are...

Quiet start to the week. I am pleased that I managed to continue in the same way that I finished last week. I am being patient and I'm starting to like it :) Today I ended up +24 points after 4 !!! trades (of 2 contracts each). Commission: -31.52 Trading result: +120 Net result...

Hello everyone, I hope you all enjoyed your week-end. I had to get away early on friday so that I did not have time to post my trades. I only traded during the morning and ended up with 20 points after 3 trades. Commission: -23.64 Trading result: +100 Net result: +76.36 Week...

From a financial point of view today's result may not seem special. More important than the result is the way I traded. I am very pleased that I managed to be patient in entering trades. I took only 6 trades today as compared to 20+ trades yesterday. The result was a 28 point gain vs a 69...

Hi blaster, thanks for posting. I was following your trades back when you posted them in the ES thread. It's a shame you're not posting anymore but I completely understand your reasons. You are right about my R/R ratio. I really need to improve in that area. The main problems is not that...

Hi omelette, thanks for your post. My max daily dd was 45 points when I was trading 1 contract. I doubled that to 90 points now. --> 450$ before commission. I may have to think about reducing that amount. You may be right about the fact that most of my difficulties come from doubling up...