Aphie's REAL Trading Journal
- Thread starter aphexcoil
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Looking good Aphie (well, you know what I mean). Welcome to the real world. 
You have to spend money to make money. Right? Er... Hmmm....
You have to spend money to make money. Right? Er... Hmmm....
Aphie,
You're right, it is a running P/L. What were your futures trades? Today is kind of a tricky day to start on.
You're right, it is a running P/L. What were your futures trades? Today is kind of a tricky day to start on.
Here's what happened today.
I wanted to make a trade so I choose SPY. I just more or less looked at the average and saw that it was going down so I put a limit order in and I waited about 5 minutes and netted 5 dollars.
Then, I tried to trade an options contract, but for some reason it wasn't executing very quickly so I cancelled that (I traded options in the past).
Next, I looked at ES and, with total disregard to any system or method, I basically just clicked SELL and it went about $25.00 in my direction and started going back the other way. I exited with a 2.75 point loss. I then SOLD again a few minutes later because I was more or less testing Jasper out and exited with another loss.
Jasper worked fine!
Sadly, I would love to trade SPY for a few weeks before going into ES but I cannot do that.
I am going to stop trading for the day and swallow my loss as a lesson learned. Tomorrow I will make a few more trades in QQQ and then perhaps an NQ trade.
I need to learn to be patient and not just make a trade for the hell of it. I basically went into the market today feeling invincible and got hammered.
Thanks for all your advice and I'm definately here to take it. I'm humbled now.
I wanted to make a trade so I choose SPY. I just more or less looked at the average and saw that it was going down so I put a limit order in and I waited about 5 minutes and netted 5 dollars.
Then, I tried to trade an options contract, but for some reason it wasn't executing very quickly so I cancelled that (I traded options in the past).
Next, I looked at ES and, with total disregard to any system or method, I basically just clicked SELL and it went about $25.00 in my direction and started going back the other way. I exited with a 2.75 point loss. I then SOLD again a few minutes later because I was more or less testing Jasper out and exited with another loss.
Jasper worked fine!
Sadly, I would love to trade SPY for a few weeks before going into ES but I cannot do that.
I am going to stop trading for the day and swallow my loss as a lesson learned. Tomorrow I will make a few more trades in QQQ and then perhaps an NQ trade.
I need to learn to be patient and not just make a trade for the hell of it. I basically went into the market today feeling invincible and got hammered.
Thanks for all your advice and I'm definately here to take it. I'm humbled now.
Before you get yourself killed hopping from one market to the next (SPY, options, ES, QQQ, etc.) you should pick one and stick with it and at least have a plan of some sort.
Just my 2 cents
Just my 2 cents
All that paper trading....what did you learn from it? You are making the same mistakes everyone makes no matter how much prep goes into it.
Dude, where is all the planning? C'mon, you were going to circumvent all that stuff. A stock, then an option, then thinking a future. What in the world? Now you need to be slapped. And I am on your side. Those who have berated you must really want to kick your butt.
Slow down killer. Amazingly, the market will be open again tomorrow. Go have a beer, relax. LOL, what a day huh? You must be hell at the all-you-can-eat buffet!!!
Dude, where is all the planning? C'mon, you were going to circumvent all that stuff. A stock, then an option, then thinking a future. What in the world? Now you need to be slapped. And I am on your side. Those who have berated you must really want to kick your butt.
Slow down killer. Amazingly, the market will be open again tomorrow. Go have a beer, relax. LOL, what a day huh? You must be hell at the all-you-can-eat buffet!!!
Alphie, from reading some of your previous posts I was under the impression you had a soild paper trading strategy using the futures? I'm just wondering why you are now jumping between all these different methods and not sticking to your plan?
IB has a demo of their platform you can try, not realtime data but it is good for learning how to use it, also you can turn off the P/L something I did becuase I found it distracting during trading and tended to cloud my judgement occasionally.
IB has a demo of their platform you can try, not realtime data but it is good for learning how to use it, also you can turn off the P/L something I did becuase I found it distracting during trading and tended to cloud my judgement occasionally.
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