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I'd like to become a better trader
It was a good idea to walk away from trading and I'm glad I did it. when I came back I was able to make calm rational decisions. long 2@31.5 a while back, didn't have time to post 1-2-3 buy of R2 out 1 +1 out 1 +2 -
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I'd like to become a better trader
stopeed out again :( down $425 for the day, nearing my 600 limit... I got stuck with my long bias because I missed a long in the morning and didn't change my mind on time even though I should have. Plus the blogs that I've been reading reinforced my mind not to short. Do I want to... -
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I'd like to become a better trader
covered 1@ 33.25 for +1, stop moved to b/e for the second and stopped out. NQ is struggling @ 2400 the bad thing is I was trigger happy, impatient, didn't wait for a proper long set up the good is that at least I didn't try to short and chase and still took my correct long set up. -
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I'd like to become a better trader
stopped out, I got impatient and went long to soon, then tried it again and stopped out again. I needed to wait for a confirmed bounce, but I was impatient and didn't want to miss the up move again. my trading is horrible today. Missed a long in the morning, got stopped out of my short and... -
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I'd like to become a better trader
long 33.5, stop 32.25 - > vwap touched. ORH should act as support now -
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I'd like to become a better trader
NQ 2400 hit, dow 12300 hit. what's next from here? probably some consolidation and continue the run up. There is no need to expect the sell off. so far the trend is up. ES 1340 next? $tick about 0 all morning - short squeeze. 34.5 didn't have any resistance power to it, so 1340 is a likely... -
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I'd like to become a better trader
no orders pending: buy 2@28.25, stop 27.5 - canceled. sell 2@ 34.5, stop 35.25 - filled and stopped out. -
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I'd like to become a better trader
We have opened outside previous day range, these gaps have a lower probability of filling, so no shorting now, plus very small congested range so far. YM is leading today, probably will test 12300, so bullish bias for now, but If I see strong signs of reversal, I will change my mind. have... -
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I'd like to become a better trader
I've learned some bad habits and it will take time to unlearn them. 1. Always have stop loses. 2. Dont' trade congestion and flip trades around. Don't force trades, follow the market. 3. Realize that stop loss doesn't only mean for a trade, but also for a day. 600$ a day so far is my... -
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I'd like to become a better trader
I'm afraid that after I've made money today I will once again become overconfident and start breaking my own rules. I need to realize that one day doesn't make a trend. And the reason that I made money in the first place was because I followed my rules! My main goal for tomorrow is not... -
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I'd like to become a better trader
P&L for today +$589 (which is a respectable 7 points per contract before fees on a 6 point range day) I've reduced my size today to 2 contacts from 3 after the loss yesterday to feel more comfortable trading. Mark have said that I shouldn't judge my performance based on my p&l alone, so I... -
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I'd like to become a better trader
if your question is up from when I started trading on and off 3 years ago, then the answer is not, if since I started the journal, then see above. don't look at me as a guidance, everybody is different, I know people who make money consistently and I know many more who lose it consistently... -
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I'd like to become a better trader
sell 2@24.75 - > vwap, dma rejected with a double top. stop move to b/e cover 1@24.25, second will hold for a day low test or stop out. -
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I'd like to become a better trader
and this is an example of why another trading instrument wouldn't make much of a difference. I had a trade on that was according to my set up, but I closed it before it had a change to make any money and it didn't even stalled or retraced, so I could have just trail my stop and make money, but... -
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I'd like to become a better trader
I see your point, but I think i should give ES a bit longer of a try before I start switching and trading other instruments, because even if my methods work on them, it still take time to learn their price action, where to put stops, retracements, when to exit, etc. so, for now I'm going to... -
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I'd like to become a better trader
somebody in this thread gave me a good advice to ignore posters I disagree with and not engage into a hostile battle with them. I'm going to follow this advice and let some comments go. -
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I'd like to become a better trader
out at b/e. I've made my planned amount for today and because of this I trade with the fear of loosing money that I've made and I've closed this trade prematurely. I need to take my trades based on signals, not fear. There is no need to fear because I had a good stop loss that would have...