Jinxu's Dow E-mini Journal 2010

Thanks for posting another interesting chart. I don't mean to pry regarding your methods. I'm here to learn. When I traded it was purely discretionary driven by assessing three vectors - fundamentals (s/d) - psychology - technical. I was working at being a position trader. I stopped trading because the rest of life just got too much in the way (other priorities). I've been waiting for things in life to settle to a point where I can return. I had good money management skills but feel like I left too much on the table in my old approach. I want to become a good swing trader for now ;-). (perhaps not so easy or modest goal)

BR/
FMR
 
Quote from jinxu:

Sep 09, 2010 Dow Jones up 0.27 percent end of day.

What does it all mean? :confused: :eek:
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It means that ever since you assigned special meaning to the number, you make it a point to recognize it whenever it appears. The mere act of noticing it adds gravity to your original choice to see it as important.
 
Quote from Samsara:
It means that ever since you assigned special meaning to the number, you make it a point to recognize it whenever it appears. The mere act of noticing it adds gravity to your original choice to see it as important.
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This is true. Most would agree that the markets are fractal in nature. As traders we walk a balance beam between heavy and light bias. Grounding comes only through experience. At any point (always located at the right edge of the chart) only so much can be known. Maybe that is the attraction? Clearly that is what generates the risk premium's which effectively fund the business.

BR/
FMR
 
Milestone day. Account is over $1000.

Up $40 on one trade. Had a good entry but exited too soon. Didn't get another good setup that I wanted to take. Still being cautious with entries. Once I can become more confident with taking risks I can start aiming for the bigger gains.
 

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Years ago, I met someone who had taken finance classes with Richard Teweles while he was still a professor. He said Teweles made the point over and over that trading for small spec's was a "game of inches" not swinging for fences. Be careful how much risk you take on. Kudos for the patience to wait for your best set ups - That is key in building up your capital. As your account grows you can take less proven set ups.

BR/
FMR
 
Quote from FreeMarketRider:

Years ago, I met someone who had taken finance classes with Richard Teweles while he was still a professor. He said Teweles made the point over and over that trading for small spec's was a "game of inches" not swinging for fences. Be careful how much risk you take on. Kudos for the patience to wait for your best set ups - That is key in building up your capital. As your account grows you can take less proven set ups.

BR/
FMR
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or bigger size on the same setups
 
Quote from jinxu:

Milestone day. Account is over $1000.

Up $40 on one trade. Had a good entry but exited too soon. Didn't get another good setup that I wanted to take. Still being cautious with entries. Once I can become more confident with taking risks I can start aiming for the bigger gains.
More...

Learn how not to exit too soon before aiming for bigger gains.
 
Quote from jinxu:

The number 27 is starting to appear more frequently. I started noticing it since June of this year. But back then it was appearing occasionally in a strange places. The significance of the number to me is that I was born on July 27.

I have been documenting them for the past few weeks. Here are just a few examples of where it pop up:

Jun 23, 2010 After wiring $650 to trading account, $27.22 was left in bank.
Aug 24, 2010 Existing home sales dive 27.2 percent to 15-year low.
Aug 27, 2010 Lost exactly $270 for the day on an Aug 27th.
Sep 01, 2010 YM U0 (Mini Dow) made an intraday high of 10270.
Sep 03, 2010 The real Dow Jones is up 127.83 for the day.
Sep 09, 2010 Jobless claims decline by 27,000 to 451,000. (today)

What's more interesting is that the day they appear coincides with big days in my trading and in financial/economic areas. The number also appears in my trading account number.

I do not know what it means. Good? Bad? Or nothing at all. I am trying to ignore it and just focus on trading. There are many other places that it is popping up, but these are the only ones that I am able to document. I have attached a collage of the ones above for your convenience:
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The sad thing is, you probably really believe this means something...
 
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