Clowns ES Daytrading Journal
- Thread starter ESclown
- Start date
A good trade indeed, and $825 is very nice for trading one contract
Me, I got up late, rushed into things, took an early hit, and from there just kept adding rope to hang myself. I still need to learn to just walk away for the day when things aren't feeling right...
I like reading this journal, keep it up!
Quote from Specterx:
A good trade indeed, and $825 is very nice for trading one contract
Me, I got up late, rushed into things, took an early hit, and from there just kept adding rope to hang myself. I still need to learn to just walk away for the day when things aren't feeling right...
I like reading this journal, keep it up!
I feel your pain, i wish i could take back all the days i tried fighting my way out of a hole.
The problem is the days that i actually did fight back from a big initial loss and became positive on the day was the worst because that re-enforces my negative trading. Therefore, it was inevitable trying to fight back everytime i was down and eventually having a monster loss.
I did my stats on my own trading: realised i would be very profitable if i did not have the horrendous horrible days where my brain went AWOL and i lost huge sums (offset these big losses against the days where i had recovered a loss in my stats).
Basically my whole statistics showed that i only lost money because of these big loss days which i averaged at 1 per month. Now i have a max drawdown point based on the 2.5% i am willing to lose per day, also trading smaller size meant i have not come even close to my max daily drawdown limit i have set myself.
Also, i know i am one of those people who will keep trying to fight back and ignore my limit set when i am down and stressed so i have many risk exposure limits for my custom software set now.
Hope you have a better day tomorrow Specterx and please keep posting in this journal so we can all share ideas and benefit from each others knowledge and others in this journal.
We have broken the 60min trend now. Also, have the double top at 70 - will be interesting to see how today will play out.
Expecting test of 1333 maybe today. However, something that concerns me is that value is higher.
Yesterday value zone is higher so lets see if prices can drag back up to 55-56 region before turning south.
Been a bit busy recently so will try to post some charts either today or tomorrow if i get the time.
Expecting test of 1333 maybe today. However, something that concerns me is that value is higher.
Yesterday value zone is higher so lets see if prices can drag back up to 55-56 region before turning south.
Been a bit busy recently so will try to post some charts either today or tomorrow if i get the time.