Yes Quinn i finished my internship. Worked at UBS in retail did a lot of database work and creating a contact management system for the brokers. Luckily i was able to watch the market quite a bit
Brent's Journey to success Journal
- Thread starter bigbrent701
- Start date
Yes Quinn i finished my internship. Worked at UBS in retail did a lot of database work and creating a contact management system for the brokers. Luckily i was able to watch the market quite a bit
Hey guys well today was it, i popped my cherry. Today could not have been more of an emotional rollercoaster for me. I started out by selling when i wanted to buy, that cost me $25 by time i realized i was short when i wanted to be long.
Basically i made just about every mistake i could possibly make but the good news is i still made money today.
What i did well today was i was able to manage fear and greed pretty well considering the swings i had. By around noon i was thinking to myself "have I made a huge mistake" this is without a question what i want to do for the rest of my life and today while i was in the hole i began to have second thoughts.
None the less i was able to recoup all my losses, go green and actually pick up a very nice profit but i ended up giving about 1/3 of my profit on that trade back in order to see a push higher.
5 trades
+$35 net
I consider a flat day a victory considering the circumstances.
Basically i made just about every mistake i could possibly make but the good news is i still made money today.
What i did well today was i was able to manage fear and greed pretty well considering the swings i had. By around noon i was thinking to myself "have I made a huge mistake" this is without a question what i want to do for the rest of my life and today while i was in the hole i began to have second thoughts.
None the less i was able to recoup all my losses, go green and actually pick up a very nice profit but i ended up giving about 1/3 of my profit on that trade back in order to see a push higher.
5 trades
+$35 net
I consider a flat day a victory considering the circumstances.
today was a little bit better than yesterday for me. Started out taking a loser by attempting to play the breakdown on the YM at 13101 but i was quickly stopped out of that for a 22 point loss.
Shortly after i realized that the support at 13100 would indeed hold and that being long was the right move. I got long at 13129, and held for the move up to 13200, I ended up taking a profit stop at 13186.
2 Trades
+$165 net
Shortly after i realized that the support at 13100 would indeed hold and that being long was the right move. I got long at 13129, and held for the move up to 13200, I ended up taking a profit stop at 13186.
2 Trades
+$165 net
I know exactly how you must feel right now. I'm 20 and remember my first day trading the e-minis around 7-8 months ago, and wow, what a rush it was! Most people our age make $15 an hour, so making 10+ times that in such a short period of time I know is one of the best feelings. 
Hopefully since you've been simming for a while before going live you'll be consistent right from the get-go. I on the other hand treaded water with my account for a while taking too many discretionary, non-pre-calculated trades which ultimately made my broker more than me. I've started to find my niche now however, which is pretty gratifying.
I mostly trade ES now, but If you wanna chit-chat, talk about possible setups, bitch about not being able to trade all day because of school haha, or whatever hit me up on AIM - HypeRist3hfastar
Hopefully since you've been simming for a while before going live you'll be consistent right from the get-go. I on the other hand treaded water with my account for a while taking too many discretionary, non-pre-calculated trades which ultimately made my broker more than me. I've started to find my niche now however, which is pretty gratifying.
I mostly trade ES now, but If you wanna chit-chat, talk about possible setups, bitch about not being able to trade all day because of school haha, or whatever hit me up on AIM - HypeRist3hfastar
Today felt like the toughest day today for me to make money. I ended up in the green after a struggle most of the middle of the day. I had several failed setups as the market took out the 13200 zone then took out the 13190 low.
7 trades
+$45 Net
7 trades
+$45 Net
Today was a disaster, now i remember why i have rules.
Too many trades
Lost a lot of money.
Too many trades
Lost a lot of money.
So its been a couple days since i posted. Thursday was beyond a disaster and 3X as bad as as i could have ever imagined it getting. I traded too many contracts, too much flip flopping because i was unable to understand what was occuring.
Friday i fared a little better, basically a break even day but i missed the morning session and my winner to end the session was stopped short only to see the move continue.
Monday was a little concerning for me also becausei was well aware of the support and resistance levels however i was unable to profit from this because of my directional bias.
Today was a pretty good day for me and reassuring that my method does indeed work. Today was my best day overall
3 Trades
+$205
Friday i fared a little better, basically a break even day but i missed the morning session and my winner to end the session was stopped short only to see the move continue.
Monday was a little concerning for me also becausei was well aware of the support and resistance levels however i was unable to profit from this because of my directional bias.
Today was a pretty good day for me and reassuring that my method does indeed work. Today was my best day overall
3 Trades
+$205
I took another trade on tuesday which brought my total for the day to 4 trades +355
Wednesday
4 trades
+95
I really need to improve my winning% which means better trade selection or entry price. Perhaps my stop is too small because the past few days i have found myself getting stopped out only to immediately be in the same trade, which is frustrating.
Wednesday
4 trades
+95
I really need to improve my winning% which means better trade selection or entry price. Perhaps my stop is too small because the past few days i have found myself getting stopped out only to immediately be in the same trade, which is frustrating.
August Trading
10 sessions
Total PNL
-$1015
August was one of the most exciting months the market has seen in years. Volatility returned to levels most traders have long forgot about. The VIX crept from 15 to the 35 area. August had a drastic downswing followed by a swift recovery.
What I am doing well is being able to identify the support and resistance levels in the market. This continues to be my biggest strength. I am also doing well at keeping good notes and records of my trades except for my disaster day.
What I need to work on the most is discpline but in particular I need to work on my discpline after a losing trade. After a loser I seem to often focus on just getting the money back I just lost instead of waiting for a new setup. As a macro view my strategy appears to be doing well and the issues are more about fine tuning entries and exits rather than the macro bigger picture.
For semptember what i would like to focus on is the following goals
-Take fewer trades, aim for 1-3 trades a day.
-Be patient with entries, allow the setup to develop, do not rush into it.
-Place initial stop below the last prominent pullback for longs or rallys for shorts, let price dicate the stop not the entry point
-Do not try to make up for a loss with a change in direction unless it is clearly a turning point in the market
As far as daily goals go I believe my initial target of $200 per contract per day was slightly too optimistic. My new target goal is $125 per day.
10 sessions
Total PNL
-$1015
August was one of the most exciting months the market has seen in years. Volatility returned to levels most traders have long forgot about. The VIX crept from 15 to the 35 area. August had a drastic downswing followed by a swift recovery.
What I am doing well is being able to identify the support and resistance levels in the market. This continues to be my biggest strength. I am also doing well at keeping good notes and records of my trades except for my disaster day.
What I need to work on the most is discpline but in particular I need to work on my discpline after a losing trade. After a loser I seem to often focus on just getting the money back I just lost instead of waiting for a new setup. As a macro view my strategy appears to be doing well and the issues are more about fine tuning entries and exits rather than the macro bigger picture.
For semptember what i would like to focus on is the following goals
-Take fewer trades, aim for 1-3 trades a day.
-Be patient with entries, allow the setup to develop, do not rush into it.
-Place initial stop below the last prominent pullback for longs or rallys for shorts, let price dicate the stop not the entry point
-Do not try to make up for a loss with a change in direction unless it is clearly a turning point in the market
As far as daily goals go I believe my initial target of $200 per contract per day was slightly too optimistic. My new target goal is $125 per day.