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GoodPunk6's Trading Journal
- Thread starter GoodPunk6
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Well, not a glorious day. But I was positive.
I know that I'm in a slump. So I've adjusted my strategy. I'll be trading less size to reduce my exposure to risk. I think that this is a good confidence building strategy. In a bit of hurry,......see you all tomorrow.
I made $87.77 and spent $42 making it.
I had 15 buy executions, 17 sell executions, and 64,554 shares traded.
I know that I'm in a slump. So I've adjusted my strategy. I'll be trading less size to reduce my exposure to risk. I think that this is a good confidence building strategy. In a bit of hurry,......see you all tomorrow.
I made $87.77 and spent $42 making it.
I had 15 buy executions, 17 sell executions, and 64,554 shares traded.
hey punk buddy - i know you are going through tough times - i can relate to what you are going through - i think you've made an excellent decision to reduce your size, it would not make any sense if you have to work another job just to subsidize your trading losses.. - now from my own experience, when i reduced size, on a few occasions i started to massively overtrade, knowing of course that my loss per trade is smaller.. that was a mistake, i hope you will stay away from doing this.. - also, you are probably doing this already, but perhaps, even though of course your main job is to trade, perhaps it is a good idea to take some time each day and work on improving your trading strategies, i believe one can't really do that effectively at the same time while they are actually trading..again, i am sure you are doing this already in some form, i think analysis and strategy work becomes more important as the actual trading becomes more challenging..i hope you will hang in there, it will get better, i think you have done extremely well despite the recent difficulties, all the best in your trading.
Hey guys!
I didn't trade yesterday because of some unexpected babysitting. Let me tell you, two little girls can definetly walk all over me.
Well, I'm sticking to my plan. No more than 3000 shares per trade. I'll also try to be more selective. There's nothing like getting back to the basics.
Good Trading!
I didn't trade yesterday because of some unexpected babysitting. Let me tell you, two little girls can definetly walk all over me.
Well, I'm sticking to my plan. No more than 3000 shares per trade. I'll also try to be more selective. There's nothing like getting back to the basics.
Good Trading!
Quote from fader:
hey punk buddy - i know you are going through tough times - i can relate to what you are going through - i think you've made an excellent decision to reduce your size, it would not make any sense if you have to work another job just to subsidize your trading losses.. - now from my own experience, when i reduced size, on a few occasions i started to massively overtrade, knowing of course that my loss per trade is smaller.. that was a mistake, i hope you will stay away from doing this.. - also, you are probably doing this already, but perhaps, even though of course your main job is to trade, perhaps it is a good idea to take some time each day and work on improving your trading strategies, i believe one can't really do that effectively at the same time while they are actually trading..again, i am sure you are doing this already in some form, i think analysis and strategy work becomes more important as the actual trading becomes more challenging..i hope you will hang in there, it will get better, i think you have done extremely well despite the recent difficulties, all the best in your trading.
Thanks a lot!
Quote from GoodPunk6:
Another losing day.
I lost $20 and spent $70 losing it.
Every trade I got into today was either a flat or a loss. I had one winning position today.
I had 19 buy fills, 21 sell fills, and 42,000 shares traded.
I know we don't trade at all alike but my equty curve has taken a beating since 3/24/05. Last time I had a drawdown like this (straight down) was the second week of January. If you look at a daily chart of sp500 the market looks similar, sloppy range base at lows of some sort of larger range. When it's moving up or down hey, not so bad. I'd like to know what fiends love this current sideways choppy market conditions.
This sucks!
Quote from Cre8UrF8:
What stock or stocks are you trading now?
Still trading LU and NT. Although as of late I've been getting my feet wet in ORCL. It handed it to me a little today but that's okay. I'm only going in with 500 shares a pop with ORCL so I'm not too concerned with how much risk I'm taking on.
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