ES Journal - 2023/2024

Thanks for the thorough explanation. Your posts though made it seem like you were still holding, and this is much different. You're of course allowed to post as much or as little as you want, but from what I gather, you just like to post the good stuff, and of course who doesn't. But in my opinion, this actually causes issues because now you're almost on the hook for having to do well. When you cherry pick the trades you show, you force yourself to only post the ones that are working, which we see. You only show when you are nicely ahead and your stop is well above your entry. But you also never show the other trades on the chart that got to this point, which today you say was a bunch of stabs at it on the way down.

I think that by getting into the habit of only showing the good stuff, but never the bad stuff, this will put pressure on you. I kind of see it in the way you write, and also when you go quiet. When losses pile up, I think it makes you feel that you did something wrong, and hence are hiding. But all of this is just re-enforcing bad habits. There should be nothing wrong with showing losing trades. But when you don't want to show them, you put pressure on yourself to do well. I get the feeling from your writing that if a trade ends up being a loss, you feel that you did poorly and don't want to show your mistake. Its clearly not a mistake to have a losing trade, and taking a small loss is actually the win vs. holding it. Perhaps you don't want to show all the trades because there is some revenge trading going on there, but if this is what it takes to finally get into a good trade, then I'm not sure why all the secrecy.

Anyway... just some random thoughts that don't have much meaning.

I'm not even sure how to respond to this. The only reason I showed my trades today with a very good explanation is because you asked.

Seems like a pretty rude reply on your end.

My impression of you is that you're always trying to find reason for why trading doesn't work. So why even bother?

I just legged in long again on this drop with small size. Do I need to inform the board? LOL.

Pretty sure I was very upfront about hitting my daily loss limit on Friday and misreading the day, too, so not quite sure what your agenda is. For one, it's certainly not true that I'm only showing the good stuff.
 
Well, thank goodness for trailing stops. Green day, but not what I was hoping for. :( I figured there's a nuke in the Middle East or something. I've no idea. Not sure I'm playing more today at this point.

Waiting to see if it eases off a bit.
this move messed up the whole day, I had a much higher target. I think I am done here.
 
So we dived 30 points in 5 minutes. I'm thinking nice, but what just happened?

Haven't checked the news yet, but I figure it has to be Middle East headlines.

I wrote pre-market how that was the only thing that could stop this rally today. :)

Maybe that was enough to put some hegdes on. Let's see if this can spike back up to 5400 again. It can happen...

this move messed up the whole day, I had a much higher target. I think I am done here.

Agreed. It's a bit more unpredictable now. Still an Up Day which most likely closes green, IMHO. As always, small initial size in case I'm dead wrong.
 
So we dived 30 points in 5 minutes. I'm thinking nice, but what just happened?
Oh, the elevator guy showed up? Okay, thanks for the explanation. :sneaky:

upload_2024-8-12_8-40-57.png
 
Pretty sure I was very upfront about hitting my daily loss limit on Friday and misreading the day, too, so not quite sure what your agenda is. For one, it's certainly not true that I'm only showing the good stuff.
This is my point. Its not a misread. Its just that the market did something different. You seem to only say your trading is going well if you're making money, and you back this up with a chart when the trade is working. But if you also think trading is going well when you stop out, which is fine, you should also have no trouble showing this. But you never show a chart with all the losses. And you of course don't have to.

I'm just saying that you're pigeon holing yourself because the onus is always to show positive results, and that's not trading. Trading is taking the trades, taking the losses, adjusting positions, etc. When you write that you took a loss, its clear you feel bad about this, but why? You think you did something wrong, but all you're ever doing is just buying dips or selling rallies, and sometimes it works and sometimes it doesn't. Perhaps you're scared to show all the stabs to take at getting into a trade because you feel its revenge trading, or overtrading, but if this is what it takes, I'm not sure why it has to be hidden.
 
Haven't checked the news yet, but I figure it has to be Middle East headlines.

I wrote pre-market how that was the only thing that could stop this rally today. :)

Maybe that was enough to put some hegdes on. Let's see if this can spike back up to 5400 again. It can happen...
Didn't really like the selloff at the open, only to take it back up. They're definitely playing games with y'all, so tread carefully. I still think there's a good chance we hit 5430 sometime this week. But we shall see.
 
Back
Top