Last Pieces of the Puzzle Journal

Sick of the times I have not been in control.
Determined to succeed.
Not looking back.
Need a losing day + staying under control + following plan.
It will be like Tom Hanks in Castaway finally making it over that BIG wave.
 
ps0013 said:
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
+ $
More...

I average down on all my trades, but there is a right way to do it and a wrong way. Mine is based on Time and drawdown on profitable trades. I mainly scalp but do have 20% for longer holding. I do not give the trade much time and this is based on the "mean" time of profitable trades to get to breakeven plus fees. I find that "trend" is pure luck for me cause of my tight rules. So if in the hole after so many minutes, new target is "BE+fees",as far as adding on, have defined stats of so many ticks, heaviest ES, but my heaviest losses for the year is always created by averaging down, if I didn't do so, I would have much more smooth equity curve in intraday trading, but overall I do come out ahead as I have developed some systems to generally make breakeven trades 60%.

I did and still get hypnosis for discipline and other areas of my life. All are automated, getting too old to concentrate all day, LOL get spasms and twitches in thumb and ended up taking several times more of some thing than I wanted, LOL
 
Monday 01/28/19
Followed Plan (7 days in a row)
+ $
Very pleased that when I was down a significant amount that I didn't add shares(and blow up). I kept things in perspective and chopped away at my loss.
Happy to end the day with a net just above break even.
 
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