2014 [P&L journal]

-400 for the week. Traded Tue (0), Wed (+600), Thur (-1000), Fri (0 - no trades.... froze on the now 20+ point trade)

Took like 5 short trades Thur, and didn't take the one long that would have been worth 10+.

Psychological damage prevented me from taking my planned trade at the open Fri.
 
Not sure about this one.... I wasn't home when I got stopped out. Price didn't trade through 1161.5 on my charts, it merely touched it....

Welp, it's only $12,000.
 

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-480 for Sep (about 200 for commissions).

Traded 7 days...

Last major fucking problem is holding. I would be up 6k+ today if I could just fucking wait!!!
 

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I have recently made revisions to my trading plan that I think will help me get me to my goal:

I neglected to study smaller details about my trades to find the most likely outcome. I have previously omitted the probabilities for things such as:

What happens after I'm in a trade
Trends per day
Trend of day is set by X time most of the time

Also, I have been grouping different patterns, when they should be studied separately. I don't trade now unless I can find multiple reasons on multiple time frames.

A lot of the days I'm down, I'm actually directionally right, I just don't take the second entry out of fear. A lot of trend reversals occur after I get stopped out once (price trades lower, traps new shorts, reverses up). Made money on that pattern today. Cashed out at 1170 (RLM) when price ran into horizontal resistance, that served as support/resistance yesterday (yet another neglected subject - horizontal levels).

Not only that, most of my trades this year have been short. In a bull trend, shorts are easy to find, and you will continually take counter trend trades. Using the stats I mentioned above, I've determined that I only really need to do 1 long and 1 short per day, unless there is an error or early entry on my part. Also, I only keep trading if I'm down now.

Back to trading 5 lots this week.
 
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FEAR. Most of the time it's boils down to it.
There is no death penalty for taking that trade, but still.... :)
Strange thing, but true.
 
You should be fearful when you go from making money nearly every day to not.

So the major change has been paying attention to important price levels that are respected for long periods of time. This narrows down my trades just enough to about 2-3 this past week. It's actually scarey how accurate I was with trades I wanted to take. Due to the new largely untested method, and being distracted frequently, I didn't trade 5 lots every day - just Tuesday.

I'm still working, and since I'm not really supposed to be trading at work, I'm trying to be careful even though my bosses have seen my charts up, they haven't told me to put them away. W/Thr/Fri I was busy doing work in the morning at I didn't take trades that went immediately the direction I wanted out near the open. I ended up taking 1 trade later in the day.

M -70 Tu +2030 W +340 Th -310 Fr -150
 
Traded 3 lots this week. Had more time to focus on trading early in the week.

+750 +690 +570 -180 +50

I realized why days like Wed I don't make more. I was long at the open and cashed out my last contract at 5 points. The one way days just aren't likely.

Thursday I moved to another office in the morning and missed the downward crumble. I was running around, talking to people, and trying to set up my hotspot to trade via my phone which was dying.

Got to focus today on the market. For some reason I took 2 lesser convincing trades, and skipped the 1 that had many more reasons to take.
 
I should have past the 50k mark this week. Instead I decided the 8 dollars was not worth the wifi on the plane to trade Thur, the one way up day. I had a brief moment to watch the market when I switched planes and just sat there watching as the market lifted off of it's launchpad. Would have been hard anyway considering I had to switch planes and was moving around.

Today instead of focusing on the last day of trading, I left to go shopping. No reason I shouldn't have just watched the open. Perfect short setup right off the open. Maybe with time my stupid errors will stop.

Today I took a buy that ended up just being continuation, but I got out because I should have been short at the open and holding.

All the days were 1-3 contracts except Thur I sold 5 at 2 pm that was just continuation.

+400 -600 -100 -900 +40
 
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