Little Orange Line! Little Orange Line! Turn Up! - My adventures with a $648 Futures Account

[intodesign]

Okay.... if I keep this up, I will eventually fail at my goal and hit zero with this account. I couldn't stand hitting my limit down earlier this morning, so I decided to pop in a few more trades in the afternoon. ****** BUZZZZZ *******

Rule # 1 Broken - No trading after hitting limit down
Rule # 2 Broken - Made a total of 9 trades. My daily limit should have been five. And that was only if I didn't hit limit up or limit down.

Part of why my account dipped to its low of $187.21 was because I was using the CQG app (while sitting in bed at night!) on my phone and making stupid decisions. I have since deleted the app from my phone and have not traded outside of regular hours.

I know full well that it's my "stupud" trading that caused my errors and downfall. What's worse today is that mys "stupud" trades made me money......

In any event, that Little Orange Line! Little Orange Line! Turned Up! even thought it shouldn't have today.

Can someone please talk some sense into me......

 

[maxinger]

4 Trades in today and I hit my hard limit down on dollars lost.

Trade 1 - This trade alone should have allowed me to hit my limit up for the day. I spent the better part of the morning looking at the charts and following the price action. As soon as I entered the position, it was ticking up (which for me is usually a good sign). It got as low as -4 or -5 ticks at one point. It rallied back to +10 ticks and started to fade. I got out at +3 ticks. Within second, the volume came in and ran it up 30 ticks. I nee to start being more patient with my trades. In fact, I should just set my limits and walk away.

Trade 2 - Decided to get back in and around the area I entered originally. It started to tick down right away (which isn't a good sign for me). It didn't work. The trade itself was limit down, however I still had a tiny itsy bittie touch of wiggle room to play....

Trade 3 - I figured I would switch to the MYM and take a punt. Trade ran up +10 ticks, I raised my stop limit to breakeven. MYM came back and stopped me out.

Trade 4 - Okay, I got the direction right and would take another punt. Got stopped out right away.

This portfolio is taking two steps forward, one step back.

For tomorrow, I plan on only making *2* trades. I want to make them count and I don't want to rush into anything like I did today with trades 2 through 4. We want to make sure that Little Orange Line! Little Orange Line! Turns Up!

uptrend actually started during 7 May Asian session.
Then there was trend continuation during Europe session.
Come US session, there was trend exhaustion.

it was quite a challenge to trade on 7 May US session ( opening till closing)

 

[intodesign]

It's been a few days since I last posted. I've updated the chart....

Details are unavailable as I switched from Multicharts to SierraCharts. SeirraCharts is confusing as hell. As soon as I can get the detail of the trades, I will post them.

That Little Orange Line! Little Orange Line! Is Turning Up!

 

[intodesign]

Another down day for the markets, but a very good day overall for me. Again, I don't have the details as this Sierra Chart is a monstrosity. I'll be going back to Multicharts.net because I find it easier and can report my filled positions better.

Here is where we are as of today. If this trend keeps up, I'll be at breakeven by the end of the week and in the positive next week.

 

[old coot]

OK, what happened??Blowup? Stroked out? Found a different kick? Inquiring minds want to know.
If you don't want to tell everyone, them send me a private message.I hate not knowing stuff.