Frosty's e-mini journal
- Thread starter frostengine
- Start date
Trade almost green, can get out now even on the trade.. or make a small profit.. hmm decisions...
who needs stops 
Sold 1 YM 11049....
Net for day: +$117
Well... that was ONE interesting ride...... Broke every rule in the book and came out ok... market through me a life vest... cant expect that to happen everytime... But hey Not complaining, I made my daily goal..... AND I didnt even have to resort to electric shock theropy...
Sold 1 YM 11049....
Net for day: +$117
Well... that was ONE interesting ride...... Broke every rule in the book and came out ok... market through me a life vest... cant expect that to happen everytime... But hey Not complaining, I made my daily goal..... AND I didnt even have to resort to electric shock theropy...
Boro,
Thanks for your comments today. They were very much appreciated.
Ended the day at +$117... Not a day to be proud of thats for sure, got lucky this time. Tomorrow my main focus needs to be on DICIPLINE..
Thanks for your comments today. They were very much appreciated.
Ended the day at +$117... Not a day to be proud of thats for sure, got lucky this time. Tomorrow my main focus needs to be on DICIPLINE..
No problemo.
Discipline has been my Achilles heel as well. Sometimes it takes a few burned fingers to realize that the stove it hot, if you know what I mean.
As soon as I enter a trade, I immediately place my stop order and then my first limit exit order. The second half is there to ride until it is either stopped at the entry price (to prevent a winner from becoming a loser) or my setup tells me to exit. No exceptions.
Discipline has been my Achilles heel as well. Sometimes it takes a few burned fingers to realize that the stove it hot, if you know what I mean.
As soon as I enter a trade, I immediately place my stop order and then my first limit exit order. The second half is there to ride until it is either stopped at the entry price (to prevent a winner from becoming a loser) or my setup tells me to exit. No exceptions.
No, you didn't come out okay. You just reinforced your awfull tendency to
hold onto losing trades. You are heading for a big monster loss.
Why do you want to be perfect and not take a loss? Or why do
you want to be right on every trade? You have serious issues.
Not the kind you want to have trading the futs's...
version,
Trust me i'm WELL aware of these bad habits.... its the primary reason I started this journal so that I could not hide from them, and to get feedback on how to get rid of them... Without this journal I would have made the trade today and 3 days from now I would have forgot completly about how poorly I traded today. Would have only remembered that I made money....
Tomorrow I am going to make my MAIN goal to work on my diciplin.
#1 Do not trade because i'm bored
#2 Do not trade during lunch hours *unless great setup
#3 Do not violate stops
#4 Have a stop for every entry
These are my demons, and even if I loose money tomorrow, if I do not break any of these rules I will be "ok"...
Trust me i'm WELL aware of these bad habits.... its the primary reason I started this journal so that I could not hide from them, and to get feedback on how to get rid of them... Without this journal I would have made the trade today and 3 days from now I would have forgot completly about how poorly I traded today. Would have only remembered that I made money....
Tomorrow I am going to make my MAIN goal to work on my diciplin.
#1 Do not trade because i'm bored
#2 Do not trade during lunch hours *unless great setup
#3 Do not violate stops
#4 Have a stop for every entry
These are my demons, and even if I loose money tomorrow, if I do not break any of these rules I will be "ok"...
