ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
- Start date
- Status
I woke up late today. After I got in my trade which I had stops and targets set, I went and took a long shower. This will be my only trade today since I got a doctors appointment. The money I made will cover the cost. 
Anyway, my advice is to decrease the number of trades you take per day, keep track of your trades for a month. If your equity curve starts improving, you can start to increase the number of trades you take.
Make sure you trade with an edge. I made a mistake yesterday, I killed a winning trade into a losing trade since it was taking heat so instead of just leaving my stops and targets, I killed the trade and it would ha.ve been a winner. I read something that said once you are in a trade, you can no longer think rationally. So we need to be as machine like as possible and execute our trades as if we were a trading bot not moving targets or stops. I had problems like you where the markets going down, I go long against the trend, and then average down and it keeps going down. My system told me the market is ready to go up, I could have averaged in as we did take a point of heat, but I just let myself be a winner today. I think the market is designed once you get into a trade to try to trick you. That is why I try to not look at my screen as much as possible once I am in a trade.
Anyway, my advice is to decrease the number of trades you take per day, keep track of your trades for a month. If your equity curve starts improving, you can start to increase the number of trades you take.
Make sure you trade with an edge. I made a mistake yesterday, I killed a winning trade into a losing trade since it was taking heat so instead of just leaving my stops and targets, I killed the trade and it would ha.ve been a winner. I read something that said once you are in a trade, you can no longer think rationally. So we need to be as machine like as possible and execute our trades as if we were a trading bot not moving targets or stops. I had problems like you where the markets going down, I go long against the trend, and then average down and it keeps going down. My system told me the market is ready to go up, I could have averaged in as we did take a point of heat, but I just let myself be a winner today. I think the market is designed once you get into a trade to try to trick you. That is why I try to not look at my screen as much as possible once I am in a trade.
Quote from Decel:
Yeah, just didn't feel it.
I'm probably rather emo on my morning losses, so I try to curb on the action to avoid adding to it.
Edit: Crap, I KNEW they'd rally this back upI should have held my NQs
Bots are fighting at 94 to 95 area.
Obviously something is wrong with the memo today -
Some got notice that we will see 984.
Some just keep countering the sellers, failed to notice the sellers are real sellers, not short sellers.
=)
Obviously something is wrong with the memo today -
Some got notice that we will see 984.
Some just keep countering the sellers, failed to notice the sellers are real sellers, not short sellers.
=)
Again, the 2nd day of a sell off, meet with 2 pm buyers ...
There are things to invalidate that.
Like trading above 50% of RTH.
- Status