Last Pieces of the Puzzle Journal

Let's see if I can summarize my thoughts, actions and feelings from over the past two days.
10/09 Wednesday
I sucked. Everything that I wanted to do I ignored.
Down about $3K and over 100k shares traded.
Not at all the style of trading I want to do.
It took me 1 to 1 & 1/2 days to completely revert to bad things.
10/10 Thursday
I woke up today with a very unusual feeling. I was very depressed.
In the past when I f'ed up I would wake up accepting that this was part of trading and go on with either trading or figuring out how or when I would fund the account again.
My account is funded; My future of Trading is here \___/ in my hands to go get success or let it get sucked away.
I am refocused-------
Today's results were good. Not great.
Hit my goal. Need to be EVEN MORE patient.....
 
10/11 Friday
Good again, but not great.
Setting stop loss target prior to entry, which is working very good and keeping losses in check.
Too many trades/shares today. I could have accomplished the same thing with 1 or 2 trades.
Added too many shares to last trade--threw my proportions off. BIGGEST FAULT - STOP IT
NEED TO BE EVEN MORE ! PATIENT !

10/08 Net +108.81 on 11,200 shares
10/10 Net +159.99 on 6,400 shares
10/11 Net +277.30 on 41,600 shares +.46 average
 
TODAY: I FINALLY just did exactly what I planned on doing.
Nothing More.
Nothing Less.
One Trade entered at 9:30
I set a stop at about .51 cents out. the position was against me and was a few cents away from me closing out, but I stayed cold-heartless-fearless and did NOTHING. (but I was ready to close it out)
Finally at 11:30 the trade was back to even.
I closed out at 1:42 (13:42) with a profit of .60 at 5000 shares = $3049 Gross.
-
So many trading days have gone by and I look back and say "If I only just listened to the plan the day would have been profitable/or the loss would have been less."
--
Tomorrow will be a new day and a new test, but I will be prepared as best as possible.
 
Day 2 of Big Boy Trading

Trade 1 -(740.06) about (.15) This trade was closed out because I hit a happy profit for the day and I knew I had to shut down things today about 1:30 pm.

Trade 2 + $2,289.65
Trade 3 - (.10) only got filled 15 shares of 5000 and exited
Trade 4 + $802.50

Gross $ 2,352.
 
Big Boy Trading - Week 1 - Summary

Net +$5,173

Things to work on:
  • I left a lot on the table...let winners run (even more)
  • I exited trades prior to reaching my initial stop
  • Which then caused me to over trade a bit.
  • Stay focused
  • When I am out of the market for the day and content with the result, don'y go back in
I just wired the $5k BACK to may savings account...a win of the weekly battle, but not of the war.
 
Big Boy Trading - Day 6 (10/23/19)

Net +$2,090

Concentrated on the items that I listed above that I need to continue to work on.
  • Entry and exit were good
  • When I was done for the day and was content, I stayed out
  • I did have one trade that I just should not have taken and I made note of it in my trading book. I will try to stay away from lower volume-volatile stocks.
 
Since 10/23/19 I had some monster losing days.
Just totally on TILT

Regrouped.

Lowered my share size to 1000

WILL NOT EVER AGAIN ADD SHARES TO A TRADE
WILL NOT EVER AGAIN ADD SHARES TO A TRADE

I held a position overnight last night, first time in a day trading account. It is an adjustment to my strategy. Ideally I will be out of the market early in the day.

11/06/2019
**********
$1,160.32

Today's goal:
  • Exit the trade I held overnight, assuming that it would hit my profit target or stop
  • Daytrading 1000 shares per trade
  • Profit goal $350 net and get out (this was my intraday goal, which I hit. The balance was the realized profit from my overnight position)
 
11/07/2019
**********
Gross $17.30

Not a typical day, I had a morning appointment and didn't start until 11:30 am, then had to leave at 12:45pm came back at 3:00 and had an emergency phone call and had to leave at 3:40pm again.

  • GOOD: I exited all trades each time I left, as they were not positions that I would have considered holding overnight. In the past hold positions and cross my fingers.


11/08/2019
**********
Gross $769.50
Out at 10:01
Total Shares: 15,000

My Goal was $525.00 +.35 at 1500 shares
Closed out at approx +.47 net
  • NOT GOOD: Opened 4 trades prior to 9:40, my preferred start time
  • NOT GOOD: One of those early trades I told myself let me get "a quick hit" couple of cents on this one. "Quick Hits" aren't part of my trading plan.
 
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