blu,u r whittling this acct to zero,u obviously havn't found a consistent way to win, the adverse was true,first u are taking shots that u don't have any basis to beleive it will go up,or down,that's called gambling,sit back and take the setups,if u don't see one,don't trade,in the last month(hindsight is 20/20) you could have made 3 trades a week and made 5-700 each week,your acct would be coming back,that would require a change in tactics,will that happen or will u continue what u know is not working?
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Blubaru's Trading Journal
- Thread starter Blubaru_555
- Start date
Wednesday:
I've been doing 3 weeks of on-and-off trading because I've been away, but tomorrow I will be back on the daily routine once again, and hopefully doing some good trading. Today was a mostly sideways day in gold, but it's continuing the downtrend it started mid-march. I'm beginning to really be able to pick good entry points, the problem is I still get shaken out much too quickly. Really, really going to concentrate on staying with a winner now. Got in 2 shorts and 1 long today. 3 trades winners, +203. Account is at 1,812.
This is my 14th week trading so far. The last time I blew up the account was late-march, when the account had 2,399 left in it. So I'm down about 600 in 2 months of trading, roughly break even after commissions. I think I can do this, I really just need to stay the course and stop breaking rules. My goal is to have totally emotionless trading, and I'm actually beginning to feel less high with wins, and less like shit with losses.
I've been doing 3 weeks of on-and-off trading because I've been away, but tomorrow I will be back on the daily routine once again, and hopefully doing some good trading. Today was a mostly sideways day in gold, but it's continuing the downtrend it started mid-march. I'm beginning to really be able to pick good entry points, the problem is I still get shaken out much too quickly. Really, really going to concentrate on staying with a winner now. Got in 2 shorts and 1 long today. 3 trades winners, +203. Account is at 1,812.
This is my 14th week trading so far. The last time I blew up the account was late-march, when the account had 2,399 left in it. So I'm down about 600 in 2 months of trading, roughly break even after commissions. I think I can do this, I really just need to stay the course and stop breaking rules. My goal is to have totally emotionless trading, and I'm actually beginning to feel less high with wins, and less like shit with losses.
Thursday:
First time trading at home in 3 weeks. Gold went way up before I started trading, but I got in a few good shorts. Not too bad, but still nervously exiting trades way prematurely. Almost embarrassing as I keep doing it over and over. Hopefully tomorrow I can hold out a bit longer.. lol. 4 trades, +208. Account at 2,020.
First time trading at home in 3 weeks. Gold went way up before I started trading, but I got in a few good shorts. Not too bad, but still nervously exiting trades way prematurely. Almost embarrassing as I keep doing it over and over. Hopefully tomorrow I can hold out a bit longer.. lol. 4 trades, +208. Account at 2,020.
Monday:
Gold moved mostly sideways today, but still moved well enough to get a decent read on it. Gold is hesitating on this short-term uptrend, and and if tomorrow's PPI number is good, hopefully that'll spark a drop in gold. If that happens I'm going to try to hold a short for a few days. Got in 3 trades today, 2 winners. +258. Account is at 2276.
Gold moved mostly sideways today, but still moved well enough to get a decent read on it. Gold is hesitating on this short-term uptrend, and and if tomorrow's PPI number is good, hopefully that'll spark a drop in gold. If that happens I'm going to try to hold a short for a few days. Got in 3 trades today, 2 winners. +258. Account is at 2276.
GoodQuote from Blubaru_555:
Monday:
Gold moved mostly sideways today, but still moved well enough to get a decent read on it. Gold is hesitating on this short-term uptrend, and and if tomorrow's PPI number is good, hopefully that'll spark a drop in gold. If that happens I'm going to try to hold a short for a few days. Got in 3 trades today, 2 winners. +258. Account is at 2276.
Just ..... go ....... slow.
I cannot stress that enough.
Tuesday:
Didn't have alot of time to trade today, so I kinda rushed 1 trade and broke almost every rule in my book, including widening the stop too much. Lost 345 on that one trade, sucks. Worse part is that the trade only went past my stop 20c before reversing. Account at 1,930.
Didn't have alot of time to trade today, so I kinda rushed 1 trade and broke almost every rule in my book, including widening the stop too much. Lost 345 on that one trade, sucks. Worse part is that the trade only went past my stop 20c before reversing. Account at 1,930.
Wednesday:
I couldn't pull the trigger going long today in gold, even though it was the trend, as I "believed" the trend was almost over. I have a strong tendency to trade entry signals with the thought "this time it's different", and I'm trying hard to change that. I'll post up what my account is actually worth, I have about 10K I wasn't going to use but now I feel I've progressed enough to risk all of it. Though, if it ever does drop below 10K I'm going to put the brakes on.
I couldn't pull the trigger going long today in gold, even though it was the trend, as I "believed" the trend was almost over. I have a strong tendency to trade entry signals with the thought "this time it's different", and I'm trying hard to change that. I'll post up what my account is actually worth, I have about 10K I wasn't going to use but now I feel I've progressed enough to risk all of it. Though, if it ever does drop below 10K I'm going to put the brakes on.
Attachments
For your sake, I hope you're right.Quote from Blubaru_555:
Wednesday:
I couldn't pull the trigger going long today in gold, even though it was the trend, as I "believed" the trend was almost over. I have a strong tendency to trade entry signals with the thought "this time it's different", and I'm trying hard to change that. I'll post up what my account is actually worth, I have about 10K I wasn't going to use but now I feel I've progressed enough to risk all of it. Though, if it ever does drop below 10K I'm going to put the brakes on.
Quote from MandelbrotSet:
For your sake, I hope you're right.
Lol thanks. I have a lot to learn, but I've been break even for 2 months+ now, I hope too, that I only go up from here.
On another note, I put up a chart of crude oil to track it's movement today, and it's mirroring gold very closely now. I had gotten rid of the crude chart before cause they weren't quite as correlated.