Damir's Trading Journal

[taodr]

Oops , looks like we're going up.

 

[xje]

Quote from xje:

just shorted ES(Z) at 1018

Wait for either my stop loss 1022 to get hit, or to close the trade at 3:45.

 

[xje]

Covered at 1017.75

 

[OnTheEdge]

I've closed my short at 9433 at +11.

 

[mark1]

Quote from taodr:

Downloaded macro express. Want to automate tws early. Does anyone know how to set this up ?

You have to read the manual, even if you are not familiar with programming
, it's very easy.

nice soft for its price

 

[taodr]

covered @9430 + . Just noticed should add extra ten, bad math

 

[damir00]

Quote from OnTheEdge:
I've closed my short at 9433 at +11.

i'm out at 9434, +15, a heck of a day overall. if we get a little pop into the close, i may reload a little short.

 

[xje]

Congrats, guys. When a losing position turns to positive, don't you have the tendency to cover it right way? What can help resisting that urge?

Thanks for any help.

xje

 

[damir00]

Quote from xje:

When a losing position turns to positive, don't you have the tendency to cover it right way? What can help resisting that urge?

having a plan i have reason to trust. and sizing as if i truly understand that saying "mostly right" is the same as saying "sometimes very very wrong".

that plus i'm used to it since virtually every position i take starts of in the red. if i could find a way to simultaneously fade myself, i would.

 

[OnTheEdge]

I try to set a dollar amount or a point amount as a goal for my trades. Like, on stocks, 1 point. So, I start with that goal and then I diddle with it. Sometimes I feel I really need to have cash and I'll take .20 instead of 1, or 1/2, and if things are going well, I'll raise the goal to 1.5 points and sometimes to 2 points. So just starting out with a goal in mind gives me a guideline. With these futures, I tend to want to close out before the end of the day, and will settle for a smaller profit. I do feel pretty sure there'll be a point at which there'll be a chance for profit if I wait long enough. Then the question is how long am I willing to wait?

It's probably not such a good idea to wait many years, as I've been known to do.

Quote from xje:

Congrats, guys. When a losing position turns to positive, don't you have the tendency to cover it right way? What can help resisting that urge?

Thanks for any help.

xje