$286 left

[Nobert]

I'm done trading today, made 10 trades, 8 wins, 2 losses.

P&L: +16
Current balance: $289

Edit: it dropped hard after I stopped trading, I couldn't help making another trade, I was lucky to catch the bottom. I broke my rule of not trading after 2PM.

11 trades, 9 wins, 2 losses.
Corrected P&L: +36
Current balance: $310

View attachment 225525

1. Thought I was on paper, when I realized this was a live trade, I exited immediately.

2~3. Tiny Scalpers (PT: 5 ticks, SL: 10 ticks).

4. This one was actually a Scalper (PT: 10 ticks, SL: 16 ticks), almost hit SL, got out with a profit when I had the chance.

5. Scalper: almost hit PT, should've moved SL to break even. Got out early instead of $20 SL.

6. Tiny Scalper.

7~8. Tiny scalpers

9. Tiny scalper: Perfect chance to go for a big trade, but my confidence was shattered, I can only trade tiny scalper today.

10. Tiny Scalper: another good chance to go for 2~4 points.

Really don't want to lose today, because every time I think I gets it, the second day was a huge loss. I'm glad it's a winning day, but I can do better, the trend was very clear in the morning session. I was afraid of using a bigger SL, always do counter trend scalping.

Do you have the data, on how many in % of your loosing trades were short / long ?

If not, - try recording that. Record each trade in journal/excel/notepad. After a while, you may find some interesting results in that data.
e.g maybe 70% of your losing trades, comes from being short, then solution is simple - stop going short, no matter how tempting that is (it's like smoking, one simply, has to quit)

Also search for patterns among biggest winners / loosers. Search for winners and repeat, identify losers and cut them off.

Move to a larger time frame. Less uncertainty/volatility.

 

[hurricane_sh]

Damn, hit my daily loss limit, I was so eager to trade. Should've manged the trades better, I moved SL to BE for the only trade that shouldn't use BE. As a result, every trade ended up with the worst result.

3 trades, two losses, one triggered BE order.
PL: -36
Current Balance: $274

 

[Fonz]

May I ask you why did you decide to go long at 9:50:10 and why a (large) stop at 9:51:02 was triggered?
Do you use a DOM and / or what kind of chart?

 

[Buy1Sell2]

WIND UP THREAD----can be pronounced 2 different ways.

 

[hurricane_sh]

May I ask you why did you decide to go long at 9:50:10 and why a (large) stop at 9:51:02 was triggered?
Do you use a DOM and / or what kind of chart?

Well spot on, it's an intuitive gambling trade, and I got punished for it.

I use a tick chart.

 

[namedontmatter]

If was my last $286 buy $50 supplies to make masks and sell on craigslist, work hard and maybe get it over $1000, buy UCO, at least with the ETF, you have a chance of making something.

If you can't make it on a $5,000 account, more does not make it better.
Learn to swing stocks.

Why do you think oil etf specially leverage ETF like UCO can be a longterm hold in the current oil situation? The "roll yield" would eat away all the upside movement. Are you just joking or is there something I don't understand?

 

[Fonz]

Well spot on, it's an intuitive gambling trade, and I got punished for it.

I use a tick chart.

The following is a 100 tick chart that I use (ES instead of MES). I hope that will make sense to you.
The arrows are your entry and exit on this ES chart.
Best!

 

[hurricane_sh]

I became very impatient again since yesterday, I have made 2 trades after I opened my trading software 10 minutes ago. Yesterday would be a disastrous day like before If I didn't have a daily loss limit on the server side.

Yesterday's loss did a number on me, if I traded tiny scalpers, those 3 trades would end up in green in stead of hitting the loss limit. I decided to only trade tiny scalpers for a while. I would trade multi contracts if I want to go after bigger profit.

I also need to train myself to get out as soon as the market goes against me.

Patience, patient and patience!

It would be a success if I don't lose!

 

[Sekiyo]

I became very impatient again since yesterday, I have made 2 trades after I opened my trading software 10 minutes ago. Yesterday would be a disastrous day like before If I didn't have a daily loss limit on the server side.

Yesterday's loss did a number on me, if I traded tiny scalpers, those 3 trades would end up in green in stead of hitting the loss limit. I decided to only trade tiny scalpers for a while. I would trade multi contracts if I want to go after bigger profit.

I also need to train myself to get out as soon as the market goes against me.

Patience, patient and patience!

It would be a success if I don't lose!

Tiny scalp your loss.
Not your profit.

Don’t counter trend.
Don’t be impatient.

You better scalp into strength.
Buy trendy break out.

 

[ironchef]

I don't know the exact size of these 5 figure traders but from their P&L and shares trade I can safely assume they are trading capital base bigger than mine. I'm not sure how much bigger.

Very few of us make 70% in just a few months, so the size is bigger.