Chuck Krug's Eurostoxx 50 trading journal
- Thread starter Chuck Krug
- Start date
First trade a small loser -3.5
second trade +6.5
was out a bit too quick, but when the first trade is a loser, i want to make up + not having a losing day + it's a Friday. it's never nice.
i didn't used to trade the opening but lately all the moves have been starting right out of the gate, so there's that
second trade +6.5
was out a bit too quick, but when the first trade is a loser, i want to make up + not having a losing day + it's a Friday. it's never nice.
i didn't used to trade the opening but lately all the moves have been starting right out of the gate, so there's that
Been thinking about trying to capitalize bigger portions of the swings, without adding risk
worked best on monday, when i was in a decent up move, and kept raising my stop to just under a small pullback
worked best on monday, when i was in a decent up move, and kept raising my stop to just under a small pullback
fuck, now it's 30 points lower
that shows you not to trade your p&l
but it's hard sometimes
that shows you not to trade your p&l
but it's hard sometimes
had a big losing day yesterday and today (3 stop out each days, which is my limit)
haven't had a single losing day last month, and i traded everyday. And it's not that i only traded to the downsided last month, more longs than normal (good squeeze plays)
it's like the market has changed, this slow grind up, lots of fake outs I think.
still up for the year thankfully.
Done for the day.
haven't had a single losing day last month, and i traded everyday. And it's not that i only traded to the downsided last month, more longs than normal (good squeeze plays)
it's like the market has changed, this slow grind up, lots of fake outs I think.
still up for the year thankfully.
Done for the day.
maybe it was me
after seeing all the big moves last month (and capitalizing on only a small portion of them)
i became a bit 'greedy', right at the wrong moment
and yesterday i was very bullish, but when i tried to capture the up move, i got stopped out a few times during the initial swing down, and when the upswing finally came, i only had small size on
after seeing all the big moves last month (and capitalizing on only a small portion of them)
i became a bit 'greedy', right at the wrong moment
and yesterday i was very bullish, but when i tried to capture the up move, i got stopped out a few times during the initial swing down, and when the upswing finally came, i only had small size on
Had 2 great days today and yesterday.
The only thing I can improve is to:
When I'm in a profitable trade, not change my stop too quickly, but only after the pullback.
The only thing I can improve is to:
When I'm in a profitable trade, not change my stop too quickly, but only after the pullback.
been an ok month.
hard work with these markets
focusing on the process, and letting winners ride with this volatility.
trying to adapt my style/system on what the market tells me.
not being stubborn, this has cost me in the past, i used to think that not being stubborn meant tight stops, but those are 2 different things
i now use stops that are loser or tighter according to volatility and my conviction.
Hope these thoughts made some sense
Entries I will talk about an other time
been working on exits, fixed target exits leave too much on the table.
i just adjust stops above swing high/lows now
or scale out again depending on my conviction and i know it"s inferior behavious but on p&l of the day. we are human and not robots.
when i'm up nicely for the day, and i see another trade that looks good and that i want to take,i will scale out more often than not, because in my mind, everything more that i make is a bonus.
and leave a small portion ride
it's all very much a work in progress, as it probably will ever be
hard work with these markets
focusing on the process, and letting winners ride with this volatility.
trying to adapt my style/system on what the market tells me.
not being stubborn, this has cost me in the past, i used to think that not being stubborn meant tight stops, but those are 2 different things
i now use stops that are loser or tighter according to volatility and my conviction.
Hope these thoughts made some sense
Entries I will talk about an other time
been working on exits, fixed target exits leave too much on the table.
i just adjust stops above swing high/lows now
or scale out again depending on my conviction and i know it"s inferior behavious but on p&l of the day. we are human and not robots.
when i'm up nicely for the day, and i see another trade that looks good and that i want to take,i will scale out more often than not, because in my mind, everything more that i make is a bonus.
and leave a small portion ride
it's all very much a work in progress, as it probably will ever be
Another subject I'm interested in discussing is: overlapping scenarios in the Eurostoxx morning and the ES morning sessions.