Jinxu's Dow E-mini Journal 2010
- Thread starter jinxu
- Start date
Today was a tough day. Had to wait over an hour for my trades to start working.
I'm up $85 on three trades. Lost $50 on the first two trades. Entries weren't ideal but exit rules were obeyed. Last trade was a big winner. But the entry wasn't perfect. Had to stomach a $50 draw-down just to make $135 and then wait an hour for it to get to the target.
Being patient is hard. Luckily, I finally got my morning waking up routine figure out and was at my full mental ability at the open otherwise this day could have been a disaster.
Gotta go play some more video games. Re-playing Xenosaga.
I'm up $85 on three trades. Lost $50 on the first two trades. Entries weren't ideal but exit rules were obeyed. Last trade was a big winner. But the entry wasn't perfect. Had to stomach a $50 draw-down just to make $135 and then wait an hour for it to get to the target.
Being patient is hard. Luckily, I finally got my morning waking up routine figure out and was at my full mental ability at the open otherwise this day could have been a disaster.
Gotta go play some more video games. Re-playing Xenosaga.
Somehow, I knew you would say that. Try not to continue and be awed by the power of the trivial...
http://en.wikipedia.org/wiki/Gambler's_fallacy (also known as logical fallacy)
"A joke told among mathematicians demonstrates the nature of the fallacy. When flying on an aircraft, a man decides to always bring a bomb with him. "The chances of an aircraft having a bomb on it are very small," he reasons, "and certainly the chances of having two are almost none!"
Lost $40 on one trade. Could've been less but hesitated on my stop again. Didn't want to make any other trades afterward. Got distracted with youtube and missed some good setups.
Idk. Too focus on trading to really care anymore. I did some investigation and according to these sites, 27 is considered to be a sacred number:
http://en.wikipedia.org/wiki/27_(number)
http://27.chrismore.com/
http://www.godlikeproductions.com/forum1/message554535/pg1
http://www.ridingthebeast.com/numbers/nu27.php
Really don't want to care or think about it.
Idk. Too focus on trading to really care anymore. I did some investigation and according to these sites, 27 is considered to be a sacred number:
http://en.wikipedia.org/wiki/27_(number)
http://27.chrismore.com/
http://www.godlikeproductions.com/forum1/message554535/pg1
http://www.ridingthebeast.com/numbers/nu27.php
Really don't want to care or think about it.
MY Birthday is on June 27th.
We are doomed by the trading Gods Jinxu !
We are doomed by the trading Gods Jinxu !
Tough day in the market. Hard to get a position in from all the choppiness.
Lost $115 on five trades. No winners. Tried to go short a couple of times. Had one good entry near the open but price reversed and had to exit at break even only to see it start tanking shortly after. Tried to do two more shorts with small losses due to my stop. Except for one where the price shot through my stop before I could hit it. Lost only $50 on that trade.
Using tight stops really is a handicap as I can allow some of my trade room to start working. However, they saved me from making a much bigger loss. But then, some of those trades weren't the best setup. At the least, I'm getting some practice taking small losses which will help my psychology.
Need to go do something to relieve all the stresses today. Kinda hard to spend money on a losing day.
Lost $115 on five trades. No winners. Tried to go short a couple of times. Had one good entry near the open but price reversed and had to exit at break even only to see it start tanking shortly after. Tried to do two more shorts with small losses due to my stop. Except for one where the price shot through my stop before I could hit it. Lost only $50 on that trade.
Using tight stops really is a handicap as I can allow some of my trade room to start working. However, they saved me from making a much bigger loss. But then, some of those trades weren't the best setup. At the least, I'm getting some practice taking small losses which will help my psychology.
Need to go do something to relieve all the stresses today. Kinda hard to spend money on a losing day.
Frustrating day.
Lost $65 on four trades. Had multiple great entries that would have netted around $100 each. However, I was trying to aim for the big profits today. Didn't take reasonable exits when I saw them and ended up getting out at breakeven. One of them was even a short at a very good place. Sucks to do all that work and end up with nothing.
It's getting tougher to find great entries with low risk that would net big profit. Statistically it is hard b/c you have more chances of making bad entries. What I'm trying to do is just find a good one and ride a big trend for the rest of the day. However, I think it would be better to scalp in one direction. Take profits when I see them. Re-enter if I think the trend would continue.
What kept me from doing that before was the morning grogginess. Flipping takes a lot more concentration then just holding on. I couldn't do that if I can't focus. Today was a good day in that I was mentally alert while trading. My worst trade today was the first one when I was still a little tired. It could've been much worst. Waking my mind up before the open is the biggest challenge I have everyday. I have to get up early everyday so I could have enough time to do that.
Anyways, my weekend starts now. Have a good day everyone.
Lost $65 on four trades. Had multiple great entries that would have netted around $100 each. However, I was trying to aim for the big profits today. Didn't take reasonable exits when I saw them and ended up getting out at breakeven. One of them was even a short at a very good place. Sucks to do all that work and end up with nothing.
It's getting tougher to find great entries with low risk that would net big profit. Statistically it is hard b/c you have more chances of making bad entries. What I'm trying to do is just find a good one and ride a big trend for the rest of the day. However, I think it would be better to scalp in one direction. Take profits when I see them. Re-enter if I think the trend would continue.
What kept me from doing that before was the morning grogginess. Flipping takes a lot more concentration then just holding on. I couldn't do that if I can't focus. Today was a good day in that I was mentally alert while trading. My worst trade today was the first one when I was still a little tired. It could've been much worst. Waking my mind up before the open is the biggest challenge I have everyday. I have to get up early everyday so I could have enough time to do that.
Anyways, my weekend starts now. Have a good day everyone.