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Last Pieces of the Puzzle Journal
- Thread starter ps0013
- Start date
12/16
To clarify, in my own mind what happened today, Iâve broken up the day into 2 halves.
The first part of the dayâ¦Although most of the first half I was trading in the red, I didnât commit and serious boobooâs.
I was a little heavy in shares on a trade or two, as I didnât scale-out when I should have. I was about â($1,600) but was able to trade back to about break-even.
At that point I didnât hit the refresh button and start with a clean slate. I was definitely way too heavy with shares(MISTAKE 1) and got buried before I could even give myself a chance.
(MISTAKE 2) Called the broker and pushed my stop from â($2,000) to â($2,600)
So, I have a new streak:
--The last 3 times I called the broker and extended my daily loss, Iâve hit the new loss all 3 times.
I really need to go through a day where I lose for the day and donât come anywhere near my stopâ¦how about -($222.00) for the day??
The way I figure, calling the broker for the extension cost about a day and a half worth of profit.
12/16
-($2,824.81) netâ¦1:19 p.m.
total shares = 30,800
GONE--new best for consecutive profitable days in-a-row @ 14
GONE--new high for account $ size
To clarify, in my own mind what happened today, Iâve broken up the day into 2 halves.
The first part of the dayâ¦Although most of the first half I was trading in the red, I didnât commit and serious boobooâs.
I was a little heavy in shares on a trade or two, as I didnât scale-out when I should have. I was about â($1,600) but was able to trade back to about break-even.
At that point I didnât hit the refresh button and start with a clean slate. I was definitely way too heavy with shares(MISTAKE 1) and got buried before I could even give myself a chance.
(MISTAKE 2) Called the broker and pushed my stop from â($2,000) to â($2,600)
So, I have a new streak:
--The last 3 times I called the broker and extended my daily loss, Iâve hit the new loss all 3 times.
I really need to go through a day where I lose for the day and donât come anywhere near my stopâ¦how about -($222.00) for the day??
The way I figure, calling the broker for the extension cost about a day and a half worth of profit.
12/16
-($2,824.81) netâ¦1:19 p.m.
total shares = 30,800
GONE--new best for consecutive profitable days in-a-row @ 14
GONE--new high for account $ size
12/17
I started the day off on the wrong foot. I traded a stock which is not in my trading range.
BIDU
I was short 400 shares, made +1.63 = $651.00
OKâ¦I was happy to reach my daily goalâ¦but, I knew that I broke a rule.
I just didnât have my head screwed on correctly. Pre-market I keep going over what my daily goals are, money management, trade size, etcâ¦but as soon as I typed in BIDU all of that went out the door...I should have closed down for the day.
I figured I was above my goal that I would continue on and use my $400 goal as my stop.
This is not the frame of mind that I want to be inâ¦
From the next trade on I was trying to keep from losing my profit and I just kept making one bad decision after another. At one time I had a closed out loss of â($750)
I completely over tradedâ¦
I added way too much sizeâ¦I had 4000-6000 shares of SAY at different times.
This is the way that I used to trade when I had trouble having 1 profitable day. 2 in a row was unheard ofâ¦.
I was LUCKY today.
Iâm not sure if I executed 1 trade properly.
Trading since I have started this journal has been pretty enjoyable, for the most part. Trading today was not.
12/17
+$2,037.42 netâ¦1:30 p.m.
total shares = 27,600
my trading room today:
http://www.youtube.com/watch?v=ZZMOhlMw3uY
I started the day off on the wrong foot. I traded a stock which is not in my trading range.
BIDU
I was short 400 shares, made +1.63 = $651.00
OKâ¦I was happy to reach my daily goalâ¦but, I knew that I broke a rule.
I just didnât have my head screwed on correctly. Pre-market I keep going over what my daily goals are, money management, trade size, etcâ¦but as soon as I typed in BIDU all of that went out the door...I should have closed down for the day.
I figured I was above my goal that I would continue on and use my $400 goal as my stop.
This is not the frame of mind that I want to be inâ¦
From the next trade on I was trying to keep from losing my profit and I just kept making one bad decision after another. At one time I had a closed out loss of â($750)
I completely over tradedâ¦
I added way too much sizeâ¦I had 4000-6000 shares of SAY at different times.
This is the way that I used to trade when I had trouble having 1 profitable day. 2 in a row was unheard ofâ¦.
I was LUCKY today.
Iâm not sure if I executed 1 trade properly.
Trading since I have started this journal has been pretty enjoyable, for the most part. Trading today was not.
12/17
+$2,037.42 netâ¦1:30 p.m.
total shares = 27,600
my trading room today:
http://www.youtube.com/watch?v=ZZMOhlMw3uY
Quote from ps0013:
12/18
What a difference a day makesâ¦
I am 100% pleased with my trading execution today. A complete turn around from yesterday and hopefully back on track to just being consistent.
12/18
+$811.44 netâ¦9:48 a.m.
total shares = 3,200 (this is more like itâ¦)
--new high for account $ size
12/19
I did well to get to my target of +1.00 = $400. and closed out above $500
I decided to continue to look for opportunitiesâ¦against my game plan for the day.
Everything turned out OK although it wasnât necessarily easy.
I am really going to try to hit my goal and stop next week, especially with the short week.
I worked on my timing & size for when I scale-in & out and I was happy with the results.
12/19
+$833.98 netâ¦10:50 a.m.
total shares = 13,800
Week in Review: (net)
Monday +$520.14
Tuesday â($2,824.81)
Wednesday +$2,037.42
Thursday +$811.44
Friday +$833.98
Total: +$1,378.13
Although it was a pretty bad week regarding discipline, Iâm happy I kept it together and ended the week with profits.
--new high for account $ size
--new best for 4 profitable weeks in-a-row
http://www.youtube.com/watch?v=wonDcqVRUcA
I did well to get to my target of +1.00 = $400. and closed out above $500
I decided to continue to look for opportunitiesâ¦against my game plan for the day.
Everything turned out OK although it wasnât necessarily easy.
I am really going to try to hit my goal and stop next week, especially with the short week.
I worked on my timing & size for when I scale-in & out and I was happy with the results.
12/19
+$833.98 netâ¦10:50 a.m.
total shares = 13,800
Week in Review: (net)
Monday +$520.14
Tuesday â($2,824.81)
Wednesday +$2,037.42
Thursday +$811.44
Friday +$833.98
Total: +$1,378.13
Although it was a pretty bad week regarding discipline, Iâm happy I kept it together and ended the week with profits.
--new high for account $ size
--new best for 4 profitable weeks in-a-row
http://www.youtube.com/watch?v=wonDcqVRUcA
Quote from ps0013:
12/19
I did well to get to my target of +1.00 = $400. and closed out above $500
I decided to continue to look for opportunitiesâ¦against my game plan for the day.
Everything turned out OK although it wasnât necessarily easy.
I am really going to try to hit my goal and stop next week, especially with the short week.
I worked on my timing & size for when I scale-in & out and I was happy with the results.
12/19
+$833.98 netâ¦10:50 a.m.
total shares = 13,800
Week in Review: (net)
Monday +$520.14
Tuesday â($2,824.81)
Wednesday +$2,037.42
Thursday +$811.44
Friday +$833.98
Total: +$1,378.13
Although it was a pretty bad week regarding discipline, Iâm happy I kept it together and ended the week with profits.
--new high for account $ size
--new best for 4 profitable weeks in-a-row
http://www.youtube.com/watch?v=wonDcqVRUcA
I'm now stepping up my share size to 500 & daily stop/close out at --($2,500)
I think when you are learning something new that you will make mistakes, and then by learning from those mistakes you get better. I made some of the usual mistakes today. There are no more reasons or excuses for days like today...
12/22
--($2,718.84) net
I think I need to take a close look at the playbook and rewrite a few things so that I can trade as close to mistake free as possible. I don't mind a losing trade, but not one filled with stupid mistakes.
So it is named:
..."Last Pieces of the Puzzle Journal"
12/22
--($2,718.84) net
I think I need to take a close look at the playbook and rewrite a few things so that I can trade as close to mistake free as possible. I don't mind a losing trade, but not one filled with stupid mistakes.
So it is named:
..."Last Pieces of the Puzzle Journal"