$286 left

Feels terrible about today's trading, missing good trades, taking gambling trades. Tried to follow the up trend, 2 out of 3 trades were stopped out, the winning one was very lucky, hit PT and turned around without one tick surplus. Unless I can afford 5-point SLs, I don't want to follow the trend, I'm a contrarian.

Now my favorite setup is fading a down trend, safe, small SL, fast result. All my 20+ trades were fading a down trend. Next time I will try two contracts.

Anyway, I'm grateful to have another winning day. 9 trades, 2 losses, some scratched, some wins.

P&L +28
Current Balance: $324

upload_2020-4-24_2-55-1.png
 
Why can't I have a little patience? :banghead::mad: I have already made 2 trades within 5 minutes, lost $24, only one trade away from my daily loss limit. Always start a day with a loss, and today with 2 full losses. I'm so angry with myself!

No trading before 9:45, remember this!
 
Another trade ended my misery, it couldn't get any worse. A huge disappointment is an understatement.

3 losing trades in a row.
P&L: -$40
Current Balance: $285

upload_2020-4-24_23-19-18.png


On the positive side, I'm up $11 this week.

P&L of this week:

upload_2020-4-24_23-20-34.png



Wish everyone a great weekend!
 
hurricane_sh said:
Why can't I have a little patience? :banghead::mad: I have already made 2 trades within 5 minutes, lost $24, only one trade away from my daily loss limit. Always start a day with a loss, and today with 2 full losses. I'm so angry with myself!

No trading before 9:45, remember this!
More...

Why no trading before 9:45? a lot of times the best and easiest entries are pre-market
 
hurricane_sh said:
Another trade ended my misery, it couldn't get any worse. A huge disappointment is an understatement.
More...

Why not just take the time to learn to trade? Why not make a study of this first, and then practice on sim, and then fund a mico account with $500 or $1000 and see how it goes? I'm not trying to beat up on you. But your 2801.25 long entry was one tick below my 2801.5 short entry. I took less than 2 points heat, and scaled out at +10's and +18. I know you have said you are a counter trend trader but my friend, it isn't working out for you. You are stuck on taking "low risk" trades but they are also very low probability. You'd be better learning to identify trades that have a significantly higher probability though with a larger initial risk than you are currently comfortable with taking.

Do you have a trading plan at all? Or are you just winging it? Would you mind sharing what a set up looks like to you?
 
Thanks for your post, @NQurious! I trade price action such as channels, but I'm new to this. I tend to take intuitive trades due to lack of patience, I need to be very very patient to take my first trade.

My wins are finally in alignment with losses, I used to have huge losses almost every week.

I can never trade sim, I can't even be patient enough for live trading. A few hundred tiny account is almost as good a sim. I'll try to survive as long as I can with this tiny account.
 
hurricane_sh said:
I can never trade sim, I can't even be patient enough for live trading.
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kudos for showing far more self-knowledge than 99% of the folks at ET. And a good amount of humility as well.

hurricane_sh said:
A few hundred tiny account is almost as good a sim.
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Except you have an extraordinary amount of pressure to be right rather than the Zen you need to relax and to trade well. You fear loss, and because you fear it, the steps you are taking to avoid it are actually hastening its arrival.
 
NQurious said:
Except you have an extraordinary amount of pressure to be right rather than the Zen you need to relax and to trade well. You fear loss, and because you fear it, the steps you are taking to avoid it are actually hastening its arrival.
More...
That's so true. I think I'm on the right track, no more huge loss, no average down, no removal of SL, couldn't believe it took me more than 4 years and a ton of money to learn these basics. :banghead:

Despite my poor trading result, I feel like I can finally understand the market, maybe half of the time. I need to learn to stay out of it when I don't see the market clearly.

Although this is a tiny account, if I can't grow it, I don't think I can ever make it.
 
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