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I'm not sure that I realized the impact of increasing to 20 contracts. Before when I had been increasing I had already been trading 15 contracts so there weren't really any issues. Now that I'm trading more contracts than I have before, it has had a negative effect. When I first started this...

I failed to meet my goal. Today I violated my cardinal rule of trading: Trust the tape and lean not on your own understanding. This morning I could not comprehend how the tape could be pointing up. I waited 15 minutes for the selling to begin. I received nothing except a clear buy signal. I...

I would like to thank everyone for their continued support. I haven't found a long term goal, but right now I'm dedicated to attaining a net positive week. I may never have long term goal, but if I can have a constant series of smaller goals that will be acceptable. I need to feel like I have...

Originally I had thought that the tape was pointing up, but I couldn't find a decent entry. I kept waiting for a entry, but I couldn't find one. Any upward momentum that was left died after 2:00 EST. The worst part is that the market didn't want to go down either. I kept waiting for it to do...

I guess it's an ego thing. I feel a greater need to prove my winners, and it also makes me feel good to put them on display. The major reason that I didn't post the screenshots for the past two days is embarrassment; I didn't want people to see the exact entry/exit times. Specifically, I...

I know I said that I needed some time off. However, I hate losing; it really aggravates me. Anyway, I made the goal of getting back what I lost while using hard stops. Trade 1 (SLD 1370 BOT 1355) The tape was pointing down. However, what really caused me to enter this trade was that I...

Believe it or not, I had originally thought that today was going to be a strong up day. However, when it still hadn't done anything by 1:30 EST, I decided to go short. Trade 1 (SLD 1344 BOT 1360) I honestly thought that the tape was pointing down. The tape didn't start pointing up until...

My plans for the afternoon fell through, so I decided to see what the market was doing. I really wish that I hadn't. Not only did I have insufficient mental preparation, but I told myself that I would be able to make a few "easy" points and then quit. Trade 1 (SLD 1336 BOT 1340.5) Shortly...

I started out poorly because I was still trying to second guess the tape. I caught myself doing this and was able to get my act together. Trade 1 (BOT 1321 SLD 1331) I could see that the tape was pointing up. I figured that there might be enough volatility due to the lower volume to make...

I decided to exit yesterday's trade in the after hours session at 1308.5. The main reason that I decided to get out was that the momemtum didn't seem to be very strong. Also, I was almost certain that the market would trade below 1308.5 regardless and I was afraid that if the market action...

It's hard to describe what what happened today. All I can say is that I just had a feeling. Obviously I normally don't take position trades, but I just felt that it was the right thing to do. Trade 1 (BOT 1285) My entry on this trade was absolutely amazing. Everything seems to be working...

I was unable to trade until after 3:00 EST which was disappointing because I was really looking forward to trading today. Anyway, at first I thought the tape was pointing down, but I couldn't get the confirmation that I needed. Then around 3:20 EST the tape seemed to change direction. I...

I don't know why, but I'm getting upset at myself for getting out of Trade 1. I keep trying to tell myself that the only reason that I'm upset is because the trade worked, and that I wouldn't be upset if the trade had failed. However, this does nothing to console me because I knew it was a...

I increased my position size to 15 contracts sooner than I anticipated (thankfully it seems to be working out), and that's enough for right now. Thanks for the support though.

Unfortunately, I had some things to attend to and was unable to trade until after 3:00 EST. Fortunately, it looks like I didn't miss too much. Trade 1 (BOT 1311.5 SLD 1312.5) This was a good trade, but I just didn't have the heart for trading today. It doesn't look like I'll be trading...

I'm pretty happy with how today turned out. Trade 1 (BOT 1306 SLD 1307.5) The tape was pointing up, and I was anticipating a new high for the day. However, I got a really bad feeling about this trade, and got out immediately. Trade 2 (SLD 1307.5 BOT 1308) In my haste to exit Trade 1, I...

In the three trading days since I made this comment, the NDX is up approximately 50 points. I just wanted to resurrect this comment because I think that it has a very important message. When filled frustration and disappointment, I think it is very easy to be tricked into changing opinions...

Trade 1 (SLD 1295.5 BOT 1293.5) This was a good trade, except I only got a partial fill. Trade 2 (SLD 1293 BOT 1290.5) My entry on this trade was kind of stupid. Basically, I wanted to continue Trade 1 but with the normal size. I'm not quite sure why I didn't just sell what I needed...

Who cares? On August 14, I had a losing trade and so far it is the only losing trade of August (if memory serves me correctly). Does that make me a better trader? No. If anything it makes me a worse trader. Because sometimes when I know a trade is wrong and a reversal signal has been...

Since I had been doing pretty good the past several weeks, I wanted to increase my size. I wasn't anticipating that this would affect my trading, but unfortunately I underestimated the psychological impact. Trade 1 (SLD 1277 BOT 1276) This was bad, bad, bad. It went to 78.5X79 after entry...