My Day Trading Journal

Closed out overnight short on MXL for a win, lost on SCMP short, won on CWEI short, small scalps on HTZ and LABU shorts.

+$264.34 in 3.5 hours

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Couldn't get anything going today, over traded, red day

Shorts: ANTH, CAT, MDRX, DIS, ZTS, CAB

Longs: GILD DRYS

-$262.84 in 6.5 hours of trading

Opened a swing short that's looking good for tomorrow.


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Nice work. Just keep focusing on minimizing your trades. I know it seems like you're giving up a lot sometimes, but if you lose your focus due to overtrading, it can all go downhill fast. Simplify. Mind you I'm not just lecturing. Speaking from hard experience. Let the market tell you what it wants to do. If it isn't saying anything, there's probably no edge, and thus no trade.
 
Sometimes after I've traded badly, I'll just ignore the markets. Then a miraculous thing happens. Out of the corner of my eye, I'll spot a great opportunity which, if I had been overtrading, I never would have been able to participate in because I either wouldn't have seen it, wouldn't have believed it, or were just too worn out. I need to stay loose to be effective. We naturally tighten up a bit when in a trade.
 
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