Matcha's Dow E-mini Journal

Quote from Matcha:


PnL;+$197, 1 trade
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That was a very nice trade! :)

Remember what I said about the "move size". For ES that's 5-6 points at a time. Dow is probably 50 to 60 points at a time. Dow moved down from around 11240... 50 points... took it to around 11190. That see it bounced. But only bounced half the move. Then went on to a stage-2 down run. Another 50 points. From around 11220 to 11170 or so.

Very well done! :)
 
Quote from Matcha:

Struggling with the exit today. I had a “not too bad” trade, but I felt like I almost had a heart attack holding the position –Yes, even in SIM, I can hear my heartbeat when the retrace almost bouncing right back at my face… I wish I am that type of person that trading to them is human nature—they just don’t care about being stopped out, exiting early, missing profit or taking losses. I am soooo hoping I can be a heartless cold bitch while trading!! Probably it is a good idea to talk to myself again while managing a trade. And also learn to repeat the same trade that was taken today again and again. So I can get used to the emotion battle then feel no emotion in the long run. Hit the target. +40Pts

PnL;+$197, 1 trade
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Hi Matcha,

Congrats to that excellent and very profitable trade! You sure had demonstrated that you can do it - had the staying power to hold the trade till your intended profit target through thick and thin. It's quite a trade. Ha Ha! You sure don't need to be a heartless cold "b" while trading. It's so not like you. :) :) :)

I wasn't as "brave" as you were. I took a short trade right after the next pullback at around 12:05 pst. Made 3 ES points. Took another short trade with a small profit. But I had 2 losing long trades earlier in the morning, they both were a bit too early and got stopped out. Ended the day with +1.00 ES pts.

Good trading tomorrow! Repeat the same process again to capture another big one. You will soon get use to that type of trading.

--po
 
dear matcha, congratulations to your excellent trade. I have several questions: 1) for me, i may not take the short you have taken because the market was in a uptrend after the gap up filled, and there is no significant confirmation for the trendline breakdown. What makes you take the short and hold for your target? 2) what are those blue, green, yellow dot lines are? They seem work very well.
p.s saw your writing about the question 1 .
 
Quote from Went Fishing:

The hard work of trading (for me) was finding a method/system that fit my personality. Since my perfectionism is in fact a major part of who I am as a person, I've redirected this trait into my trading by following my system as perfectly as I can. Strive for progress not perfection. :)
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Inspiring post! Thank you,WF!
Just like I studied the entry in each setups. I am going to study exit and stops in each set ups... It's going to take long time... I would admit that there will be no perfection. As long as avg 20Pts a day, and trade with no stress, it is the my definition of "trading perfection"!
 
Quote from Bolimomo:

That was a very nice trade! :)

Remember what I said about the "move size". For ES that's 5-6 points at a time. Dow is probably 50 to 60 points at a time. Dow moved down from around 11240... 50 points... took it to around 11190. That see it bounced. But only bounced half the move. Then went on to a stage-2 down run. Another 50 points. From around 11220 to 11170 or so.

Very well done! :)
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Thank you Sifu, It was so hard for me to hold through the retrace.... Next time I will try to hold the strong trend a little longer to the key levels.
 
Quote from PatientOperator:

Hi Matcha,

Congrats to that excellent and very profitable trade! You sure had demonstrated that you can do it - had the staying power to hold the trade till your intended profit target through thick and thin. It's quite a trade. Ha Ha! You sure don't need to be a heartless cold "b" while trading. It's so not like you. :) :) :)

I wasn't as "brave" as you were. I took a short trade right after the next pullback at around 12:05 pst. Made 3 ES points. Took another short trade with a small profit. But I had 2 losing long trades earlier in the morning, they both were a bit too early and got stopped out. Ended the day with +1.00 ES pts.

Good trading tomorrow! Repeat the same process again to capture another big one. You will soon get use to that type of trading.

--po
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Good catch on that 12:05 pst one ! I thought if I was able to trade 2 contract, Not a bad idea to scale on in!
 
Quote from luckylucy:

dear matcha, congratulations to your excellent trade. I have several questions: 1) for me, i may not take the short you have taken because the market was in a uptrend after the gap up filled, and there is no significant confirmation for the trendline breakdown. What makes you take the short and hold for your target? 2) what are those blue, green, yellow dot lines are? They seem work very well.
p.s saw your writing about the question 1 .
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Yellow dotty line is YTD close
Blue Dotty line is YTD open
Green dotty line is H of YTD
Red Dotty is L of YTD
Dark blue dotty line is Daily Pivot point.

Sorry, I think it will be easier for me to post the chart to explain why I short here. Small box is the 60 min chart

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Matcha

I love that 20 bar EMA :) Having that orange line between your stop :eek: and the price action must have been comforting at some level.

Very nice analysis, you read the PA on that trade as if you were waving a magic wand and controlling the entire index. :p I also enjoyed the chart you posted for LuckyLucy.

Ask yourself where all that anxiety is coming from, and relax. :cool:

Well done, bravo
 
Quote from Matcha:

Struggling with the exit today. I had a “not too bad” trade, but I felt like I almost had a heart attack holding the position –Yes, even in SIM, I can hear my heartbeat when the retrace almost bouncing right back at my face… I wish I am that type of person that trading to them is human nature—they just don’t care about being stopped out, exiting early, missing profit or taking losses. I am soooo hoping I can be a heartless cold bitch while trading!! Probably it is a good idea to talk to myself again while managing a trade. And also learn to repeat the same trade that was taken today again and again. So I can get used to the emotion battle then feel no emotion in the long run.

PnL;+$197, 1 trade
More...

Sweetie ... congrats.. you did a good job!:p
Matcha ...You don't have to be a heartless cold bitch while trading ... just be Professional..Be A Good Professional Trader!!! :D Boli & lescor are Not a bitch .. They're Good Professional Trader LOL :D sweetie ... you have to learn how to "Master" your emotion ... like a surgeon who operate on a patient's heart ... he can't be emotional coz his wife left hiim or his son is in the drug rehab center... We gotta be Professional to our occupation ...
 
Quote from Matcha:


My goals now:
Avg 20Pts per day is the goal for me.
Avg 100 Pts per week
Keep the win rate to 50% or above.
Winning days per week >losing days
largest losing trades <1/2 largest winning position
largest losing day < 1/2 or less largest winning days
4 Concecutive winning days
4 Concecutive winning weeks
Maxi trades per day is 6

B/E trade/day is considered a winner

Achieve all these in SIM before go on live
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Matcha - Fantastic goals - A great definition of CP :)
I'm impressed with your flexibility and adaptability to market conditions. Based on my read of your journal, that has been your only real area of challenge in the past. Good lessons here for all readers - Thank You

Went Fishing - Loved your write up on best traits in real life which work against market life. Very few people recognize this reality at work. Lessons for us all - Thank You
 
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