Matcha's Dow E-mini Journal
- Thread starter Matcha
- Start date
Took another loss today.
Trade 1 is H1 long, I thought about holding the trade for longer time, The climatic bull move is so strong and retrace is only 22 Pts. The day could probably turned to be a trending day. Stopped out at b/e. Then price stalled in a narrow range, so I thought that I would buy the 11:30ish bull trap.- the deeper retrace. I had an order at 11150. âIt was the dueling line that might get tested then formed a Double Bottom. So I could buy low. But around 11:30, price wedged down to 11150. I contradicted and doubted myself, I pulled the order out! I thought that the selloff is strong, I might want to have a 2nd entry. But the 2nd entry never happened. The entry could have worked out beautifully!
Trade 2: long. Betting on the late day break out to the outside. Stopped out.
Trade 3: reenter long.
Trade 4: short. I thought that the day could be a bear reversal since trend resumption day is less likely to happen. And bear showed some strength. So I ignored the fact the $TRIN is still in 0.75. I ignored that we are near closeâ¦I donât do very well at the close. So I almost sold at the low this time. Then bar turned to a large doji from a bear climax bar, price formed a wedge reversal pattern, I still hold and believe it would go down⦠Stopped outâ¦
I have seen this type of day over and over. I canât believe that I still have so much uncertainty while trading today. I am doing so poorlyâ¦
PnL: -114. 4 trade, 25%winrate
Trade 1 is H1 long, I thought about holding the trade for longer time, The climatic bull move is so strong and retrace is only 22 Pts. The day could probably turned to be a trending day. Stopped out at b/e. Then price stalled in a narrow range, so I thought that I would buy the 11:30ish bull trap.- the deeper retrace. I had an order at 11150. âIt was the dueling line that might get tested then formed a Double Bottom. So I could buy low. But around 11:30, price wedged down to 11150. I contradicted and doubted myself, I pulled the order out! I thought that the selloff is strong, I might want to have a 2nd entry. But the 2nd entry never happened. The entry could have worked out beautifully!
Trade 2: long. Betting on the late day break out to the outside. Stopped out.
Trade 3: reenter long.
Trade 4: short. I thought that the day could be a bear reversal since trend resumption day is less likely to happen. And bear showed some strength. So I ignored the fact the $TRIN is still in 0.75. I ignored that we are near closeâ¦I donât do very well at the close. So I almost sold at the low this time. Then bar turned to a large doji from a bear climax bar, price formed a wedge reversal pattern, I still hold and believe it would go down⦠Stopped outâ¦
I have seen this type of day over and over. I canât believe that I still have so much uncertainty while trading today. I am doing so poorlyâ¦
PnL: -114. 4 trade, 25%winrate
Quote from Went Fishing:
Matcha
If that is profit (PnL:$154.00) something worked!! Cut yourself some slack my Dear, I guarantee you the B/O trade you don't take will be the runner.As long as you continue to protect yourself you'll be fine.
....
Went fishing and Bolimomo:
I am soooo sorry to disappoint you. It was -$154 loss. Sorry for my typing. I guess I was hoping that's a $154 gain... I am not a perfectionist while writing... You guys must be confused and annoyed to read my trade. Sorry, I will be extra carefull especialy when typing numbers in.
But a great lesson to learn from YTD's chart. I think I need to stop taking BOPB from HOD trades no matter how great they look. I only got 20% win rate on the set up so far...
Quote from Bolimomo:
PO: you can be lucky too! Just buy the ticket and plan early! LOL
In trading... the harder you work, the luckier you may get.
I really wish my luck comes soon. I have never been studied that hard in my life. But I was constantly beaten up!!! When my luck finally comes to me.....
Yes, They have all different theme in every plaza, store, shopping mall!!
And they keep the xmas decorations and play Jingle bell songs from thanks giving through Chinese new year. Its very amusing! Maybe because we chinese are very frugal?
xmas I will be in TW this time! I miss the night market in TW!
Thank you,PO! Although I haven't met my goal, the best reward this year is to get to know all my ET friends and Sifus!
Matcha
OKAZAY, you're forgiven, but I still meant every word.
Quote from Bolimomo:
PO: you can be lucky too! Just buy the ticket and plan early! LOL
In trading... the harder you work, the luckier you may get.
Hi Boli Sifu,
Sounded like a great plan! But I need to work much much harder to get luckier in my trading first.
--po
Quote from PatientOperator:
Sounded like a great plan! But I need to work much much harder to get luckier in my trading first.
--po
PO .... in life/trading Not only we need to work hard but we must *Work~Smart* !!!
Luck can only goes so far .... What we get in life is based on our *decision~making* in life ... LOL