Last Pieces of the Puzzle Journal

To recap my "I suck" post from yesterday afternoon.
Results below. At one point I was down about ($4,285). p/l finally turned green 10 minutes before the market closed.

10/30/18
Net +/- Position = 1.2888
Goal = .25
Average = (1.1154)
Daily Avg needed to Maintain Year Avg Goal of .25 = .3307
Trade Size = 100 Shares (NOT REALLY)
Today's Net = $128.88
Total Shares Today = 57,340
Symbols Traded = 4
Start 9:03 am
Finish 3:49 pm

Five *5* Profitable days in a row
 
Last edited:
A TINY bit of improvement today...I think I only broke 4 out of my 6 rules.
Good start to the day. Patient. I missed on Rule #3, locking in the profit when I had a chance.
I then broke Rule #2 Avoid "crazy" volatile stocks, with a bad choice. I then broke Rule #1, managing my trade size (biggest issue I have) and increased too much. I then broke Rule #4, Limiting open orders to four or less.
But, even as bad as that sounds I feel that today is something I can build on.
Try to improve and control tomorrow.

10/31/18
Net +/- Position = 0.9313
Goal = .25
Average = (0.9789)
Daily Avg needed to Maintain Year Avg Goal of .25 = .3281
Trade Size = 100 Shares (NOT REALLY - AGAIN)
Today's Net = $93.13
Total Shares Today = 6,800 STILL TOO MUCH
Symbols Traded = 5
Start 9:27 am
Finish 10:59 pm

Six *6* Profitable days in a row
 
Much better today.
I am trying to execute my trading plan in a way that it is scale-able.
Right now 100 shares per trade.
Long-term plan 2000-3000 shares per trade.
Besides entering maybe a little too early (8:11 am) no rules broken, although I did have a few seconds to lock in profits that I missed, but I closed it out the next chance I got.

11/01/18
Net +/- Position = 0.6720
Goal = .25
Average = (0.8796)
Daily Avg needed to Maintain Year Avg Goal of .25 = .3269
Trade Size = 100 Shares
Today's Net = $67.20
Total Shares Today = 1000
Symbols Traded = 3
Start 8:11 am
Finish 9:57 am

Seven *7* Profitable days in a row
 
Good today.
No Rules Broken.
I order entry typo (extra 100 shares than I wanted)
Closing losing trades a little-bit quicker than I was, with the observation that I have been able to fight my way back from large holes. If I can keep the downside "not-so-down" I can make up for it over the long day.

11/02/18
Net +/- Position = 0.8353
Goal = .25
Average = (0.7807)
Daily Avg needed to Maintain Year Avg Goal of .25 = .3249
Trade Size = 100 Shares
Today's Net = $83.53
Total Shares Today = 3800
High Position Size = 400
Symbols Traded = 4
Start 8:37:01 am
Finish 9:56:33 am

Eight *8* Profitable days in a row
 
OK today.
I felt like I was under control at all times, (but a little unsure/skittish).
I had one trade at 1,000 shares.
1,000 shares is 10x my starting point, too much, makes today not a good day to analyze when I think about this trading plan being scale-able.
Changing share size from trade-to-trade I had a few more order entry typo's.
Traded more symbols today than I have been.
Try to be more patient and relaxed tomorrow.

11/05/18
Net +/- Position = 0.6246
Goal = .25
Average = (0.7065)
Daily Avg needed to Maintain Year Avg Goal of .25 = .3239
Trade Size = 100 Shares
Today's Net = $62.46
Total Shares Today = 8,800
High Position Size = 1,000 (too high)
Symbols Traded = 12
Start 8:28:41 am
Finish 11:48:37 am

Nine *9* Profitable days in a row
 
Haven't posted in 2+ months

During that time I traded some and other times the account dipped below $25k and I had to go to the dryer and find loose change to reload.

In the last:
10 trading days.
6 days I stuck to the plan. Sticking to the plan is EASIER when the trades are working with
me. Not all of these days were easy going, but I stuck to the plan.
4 days I did not stick to the plan.(some profit some loss) On these days, not sticking to the
plan basically means I added more shares than the plan allowed. I stuck to my position
stop, but made much more $ or lost much more $ than the plan called for)

I feel like I am ready to take on a losing day and still stick to the plan.

I am almost looking forward to posting a losing day.

If I stick to the plan and make a profit everyday for the rest of the year I will celebrate.

If I stick to the plan and have a losing day tomorrow I will celebrate.

The end of my speech.

Thank you.
 
I do use a separate journal to make notes. I stopped posting daily updates on ET because I thought it might be feeding into my need to have a winning day, and going off-plan.
But, I now realize the posting didn't have anything to do with it.

My flaw is that I start to get into a position that is losing and I keep adding shares to leverage out...snowballs = big loss, sometimes a big gain too but either way it is wrong and I am out of control.

I really need to go through an entire day, following the plan and come out with a proper loss.

But, it wasn't today

01/18/19 Friday
Followed Plan
+ $
 
The want to be successful at the long term plan that I lose sight of the short term plan.
I believe I am ready and looking forward to next week.
 
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