ES Journal - 2012

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Quote from mm2mm:

This is what made me succeed in demo. I had patience + bigger SL and let the profits run. I have to one big trade. Either I make $500 or lose $500. But I will have to chose the right time like I did in the demo. I am not confident as I was in the demo. I'll just have to do convince myself that these money even if lost do not mean much, since it's risk money and taken into account that I might lose them. But still get that horrific anxiety.
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a point and a half is $75,you can make that if your right before it retraces back to your initial price,3 of those is $225,if you spot 3 trades a week ,you are back to even in 3,if you get lucky and get a runner ,sooner,don' trade expiration week,it's tougher than the other 3,at this stage you are not here to make money, you are here to learn and not lose,just sit on your hands and pay attention,don't trade 99% of the time
 
it was politically motivated.. the debate, market was ramped up on the hope Romney would hit a home run... Romney is more business friendly for America. Means equities would build up a premium as time went by till elections.

Now the premium is going to be removed, another 4 years.. of what we had for the last 4 years. My gut is telling me its going be bad before the year is out.
 
Quote from mm2mm:

Started with $1500 and I have been reduced to $900. And have only traded for 3 days. I don't have anymore hopes this will go back to $1500 let alone be in profit. It's funny because I did demo for 7 months and was always winning. One thing I came across is that I have to use small SL to live to trade another day. In demo I was playing a different strategy, a little more long term. Only did 1 or two trades a day making 25+ pips. I can't do this now. I am scalping making 20 trades a day... which I never did, and loosing the majority of trades. I usually put 4-12 pip SL and get stopped out everytime.

Today lost $50 which is good because the market moved much further from my sl. I had a tp of 10 pips but only went up to 8. Would have been +100 now instead of -50 :(
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Make a set of your rules, keep it simple. Put a max of 2 trades you can do a day. Make yourself a log book of what signal it was, like a checklist, make sure you DON'T change it during the day session. And strictly obide by your rules, otherwise in another 3 days, there will not be anything left.
 
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