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NQ Paper Trade Journal
- Thread starter A2x2
- Start date
Thank you. I do have a detailed list that outlines certain rules that I try to adhere to on a daily basis, however the purpose of this journal is to simply work on trend recognition and execution.
I'm simply using this journal so there's no bias on my part as to what I would have done in "real-time".
I'm not looking to detail my plan / rules, but I welcome any criticism as to why I would take certain trades at certain times and at certain prices.
"Care to elaborate what you're referring to as "plan"?"
You had asked and now you don't wish to a plan?
Good luck to you.
It appears that he is looking for more details on the methods you are using. in other words give up your keys to your castle.
Hardly. He trades thoughts and feelings. If he had the keys to the castle, he wouldn't be paper-trading again.
But, again, best of luck.
Hardly. He trades thoughts and feelings. If he had the keys to the castle, he wouldn't be paper-trading again.
But, again, best of luck.
Thoughts are good but feeling are not, he's paper trading because he is still dealing with his feelings.
Please post charts, it would make you're journal much easier to enjoy.2016-09-09 Summary
Daily P&L: -2.75 (2 trades, 1 loser, 1 winner)
Unfortunately I need to call it quits early due to a work conference shortly.
Trade Summary
Trade 1: Saw the weakness in the market this morning, and I thought the market would sell off and continue to flag downwards. I was right on the call, however was early with my entry as the market was range bound for a bit before selling off. More patience / higher entry price would have made this a profitable trade.
Trade 2: Market was range bound for a bit as I mentioned in my post, and as I saw the market inch downwards below the bottom range, I had a feeling the sell off would continue. Could have entered at a better price 4750, and also exited at a much better price.. however that's how it goes sometimes! You risk missing the move and exit if you're too aggressive with your pricing!
I will start numbering my trades going forward so it'll be easier to identify.