Shades of tuesday all over again... now down -$29 on the day....... its like its all happening over again
Frosty's e-mini journal
- Thread starter frostengine
- Start date
Whats sad is I keep shorting.... and its the little pullbacks that keep taking me out of my position right before it drops down and makes a new low......
You tried bro, you really did.
Frost, man, you need some professional help.
http://www.tradingacademy.net/Merch...Code=CD-TARGET&Category_Code=OTA-CAT-CDBUNDLE
Best,
Jimmy
Staying patient and sticking to your trading plan is the name of the game, Frost.
It's 1:30 and even though we've been on a downmove all day, I haven't made a single trade because my setup hasn't been triggered.
I'm not going to short because the market has been going down and I think it will go down further.
Cant' chase it. You've got to let the market come to you.
Patience.
It's 1:30 and even though we've been on a downmove all day, I haven't made a single trade because my setup hasn't been triggered.
I'm not going to short because the market has been going down and I think it will go down further.
Cant' chase it. You've got to let the market come to you.
Patience.
Talk about CONFIDENCE builder.... today was shaping up to be JUST like tuesday.. I got down to -$77 dollars at one point..... and I was getting really pissed, and got cautious, instead of reckless like tuesday... waited for a opening and grabbed on, road it for a 25 pt score... Now i'm up $50 on the day... May not trade anymore for the day, may just take my 50 and be happy before I end up blowing it 
Quote from frostengine:
Talk about CONFIDENCE builder.... today was shaping up to be JUST like tuesday.. I got down to -$77 dollars at one point..... and I was getting really pissed, and got cautious, instead of reckless like tuesday... waited for a opening and grabbed on, road it for a 25 pt score... Now i'm up $50 on the day... May not trade anymore for the day, may just take my 50 and be happy before I end up blowing it
Not to be negative or anything BUT are you really up $50. Did you factor commissions and exchange fees? With the amount of trading you are doing these have to be factored in. These are the things that can make a successful day negative.
Well finished the day up $50...... not a great day, but its in the green and I feel like I learned 2 valuable lessons at the end of the day.
#1 Its ok to let my open position run in my favor for a while! 25 pts is one of the biggest moves I have ever captured
#2 Be more selective on my entries
If nothing else it helped me confidence knowing that if I start to have a meltdown at the end of the day I can still work my way out of it..
#1 Its ok to let my open position run in my favor for a while! 25 pts is one of the biggest moves I have ever captured
#2 Be more selective on my entries
If nothing else it helped me confidence knowing that if I start to have a meltdown at the end of the day I can still work my way out of it..
Hey Jimmy,
I don't know if you have the time for a good book but I ran accross one that you might like. It has a little but of everything. Psychology, methodology all laid out in an easy to read format. Not a lot of new info but it has been very good to read. It is called High Probability Trading by Marcel Link. Hope you like it if you try it.
4re
4re,
I didnt just start trading yesterday, I have been trading for about 2 years, futures for only 1 of those years. It may seem like I am JUST starting by how poorly I still trade.
To answer your question, yes that is AFTER commisions. All P/L info I give is all after commisions, my P/L was 135 before commisions. Which that figure right there shows how much I am over trading.
I didnt just start trading yesterday, I have been trading for about 2 years, futures for only 1 of those years. It may seem like I am JUST starting by how poorly I still trade.
To answer your question, yes that is AFTER commisions. All P/L info I give is all after commisions, my P/L was 135 before commisions. Which that figure right there shows how much I am over trading.