VXN looking bottomy sorta , the others too..If i had to guess I d say we were in for a day or two of temporary weakness
NQ Paper Trade Journal
- Thread starter A2x2
- Start date
2016-11-23 Summary
Daily P&L: -$301.00 (4 trades, 2 losers, 2 break-evens)
Trade Summary
Trade 1: Placed a stop-limit order just below the intra-day low in the morning to capture a potential large sell-off. Once it triggered the market rallied right back to my stop-loss. My stop-loss on this type of trade should have been much tighter. [-$150.00]
Trade 2: Went short, however once again I entered too soon (on the pull back). Market moved against me about 5 points and ended up breaking even. [+$16.00]
Trade 3: Market sold off rapidly and I thought it would continue to sell off. This trade was decent however my stop-loss should have been much tighter in case I was wrong and the market reversed quickly (which ultimately happened). [-$164.00]
Trade 4: Shorted again once the market hit close to the top of the range after the Fed minutes didn't really get the market to break out in either direction. This one stung as I missed my profit-target by 0.25 a couple times (4840.75, and then 4843.75) before the market reversed on me to break-even at 4846.75! [+$1.00]
It is evident to me that my stop-losses are too large. Going forward my stop-losses will not exceed 5 points (currently at 8 points). This will ensure I'm more disciplined with my entry prices and also if I'm wrong, I take a loss much sooner and strategize my next entry point.
Daily P&L: -$301.00 (4 trades, 2 losers, 2 break-evens)
Trade Summary
Trade 1: Placed a stop-limit order just below the intra-day low in the morning to capture a potential large sell-off. Once it triggered the market rallied right back to my stop-loss. My stop-loss on this type of trade should have been much tighter. [-$150.00]
Trade 2: Went short, however once again I entered too soon (on the pull back). Market moved against me about 5 points and ended up breaking even. [+$16.00]
Trade 3: Market sold off rapidly and I thought it would continue to sell off. This trade was decent however my stop-loss should have been much tighter in case I was wrong and the market reversed quickly (which ultimately happened). [-$164.00]
Trade 4: Shorted again once the market hit close to the top of the range after the Fed minutes didn't really get the market to break out in either direction. This one stung as I missed my profit-target by 0.25 a couple times (4840.75, and then 4843.75) before the market reversed on me to break-even at 4846.75! [+$1.00]
It is evident to me that my stop-losses are too large. Going forward my stop-losses will not exceed 5 points (currently at 8 points). This will ensure I'm more disciplined with my entry prices and also if I'm wrong, I take a loss much sooner and strategize my next entry point.
Attachments
try using trendlines they will help..just draw them for the heck of it and you ll see. Draw them along tops and bottoms alike, channels , topside resistance and bottom supports.
2016-11-25 Summary
Daily P&L: +$101.00 (1 trade, 1 winner)
Trade Summary
Trade 1: Market gapped up above PDH at the start of the open, and on the pull back in the morning there was good support well above the intraday low. Higher lows. Good sign that the market would end up trending upwards. Waited for my entry price and then let my system do it's thing as I went back to bed and just woke up now. [+$101.00]
Weekly P&L: -$139.00
In hindsight, if I had been more patient with my entry prices and I had utilized more conservative stop-losses for my trades this week then I could be finishing the week positive.
Daily P&L: +$101.00 (1 trade, 1 winner)
Trade Summary
Trade 1: Market gapped up above PDH at the start of the open, and on the pull back in the morning there was good support well above the intraday low. Higher lows. Good sign that the market would end up trending upwards. Waited for my entry price and then let my system do it's thing as I went back to bed and just woke up now. [+$101.00]
Weekly P&L: -$139.00
In hindsight, if I had been more patient with my entry prices and I had utilized more conservative stop-losses for my trades this week then I could be finishing the week positive.
Attachments
Last edited:
We opened with a gap down . sell 4861.50 December stop set if gap is breached
I m glad they don't show the dislikes in the right hand corner
c est si bon
Err on the side of caution as they say and cover short 4849.75