Clowns ES Daytrading Journal

Take a peak at your 15 min chart with areas drawn....

Easier day - short the resistance, get ready to cover at this support area.

One trade, big profits.

I know... easier said than done.
 
Quote from austinp:

<i>"However, you can clearly see that from taking even minuscule 6 points targets from early in day to only taking 4 point targets. Even though the plan called for at least 8 on nearly all trades taken. Technically i should have four 10 point trades but psychology of holding onto gains and not holding winners because i am afraid of the market taking away my gains.

This needs to be worked on because markets does not give you many trend days as good as this and my plan should really make the best of them."</i>

Make peace with the fact that you will battle this mental game for the rest of your active career, just like everyone does with zero exceptions.

Keep losses controlled, accept modest gains when captured and enjoy the big trades now & then. Build a career on small losses / moderate gains ratio. Most emini traders around the world either broke even or lost money today.... just like every day. You did not, which places you in small percentile of winners today.

Now repeat that process more days than not, and you'll be fine :)

Your right everyday is a new battle. I have to come to peace with my own greed sometimes - but truthfully i am not concerned about the dollars just the fact i should follow the plan that i have put so much time and effort to review each and everyday.
I guess sometimes the greed factor from trading just hurts - sometimes feels like a game where trying to collect as many points as possible.

Thanks for the help, i will keep trying to battle my own demons each and every trading day.
 
Quote from brownsfan019:

Take a peak at your 15 min chart with areas drawn....

Easier day - short the resistance, get ready to cover at this support area.

One trade, big profits.

I know... easier said than done.

Your right thats why i have multiple strategies, the best swing trades come from these trend days - just a line of profit. I don't post my swing trades here but i am still short 64 in my swing position :D
 
Quote from ESclown:

Can't help but feel we have some accumulation going on here. I may be wrong but this type of action does look like typical bot driven action designed to shake people out. Stay out of this at all costs is my advice. It will be clear to all when its going to blast off if at all.

They probably blast it back to 41 and then head off to squeeze some weak shorts.

Would be nice to see us go from coast to coast on 15 min all in one day. But we have hit 40, im hoping for some accumulation here and then a blast off for nice few points on which i can tag along.
 
Quote from ESclown:

Your right everyday is a new battle. I have to come to peace with my own greed sometimes - but truthfully i am not concerned about the dollars just the fact i should follow the plan that i have put so much time and effort to review each and everyday.
I guess sometimes the greed factor from trading just hurts - sometimes feels like a game where trying to collect as many points as possible.

Thanks for the help, i will keep trying to battle my own demons each and every trading day.

Could you post your screens?

I would luv to see what you are missing (besides your disbelief factors).
 
Quote from jack hershey:

Could you post your screens?

I would luv to see what you are missing (besides your disbelief factors).

Jack - his screens have NOTHING to do with the common fight among all traders of greed vs. fear of loss.

This is a MENTAL and PSYCHOLOGICAL game. You of all people should understand that.
 
Quote from jack hershey:

Could you post your screens?

I would luv to see what you are missing (besides your disbelief factors).

What screens would you like me to post?

Basically my whole rant is just concerned with the 1000s of hours i spend trying to analyze price action - formulating plays - then having the perfect day for my plan and not following it. I will post my TS chart to show my entries at end of day, i might even document it were my targets for each play should have been and you can see where i actually took them.

I know it sounds silly because i have gained close to 20ES points today but these are the days that will make up for the chop days where i will most likely lose a small amount or not gain much at all.

Sorry for sounding greedy but i do have major problems with letting winners run sometimes and following the plan 100% - i feel me airing it on this journal will help me as a trader and i will aim to do better next time.
 
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