NQ trading journal
- Thread starter Dobbes
- Start date
5/19
Anchor
Entry
PnL
Net 11.37 after commissions
Today was interesting (its always interesting, I say that a lot about the trading day). Not a lot of big moves. There were two smaller moves in the morning that I got pieces of. Should not have taken my first, third trades. First trade, tried to jump the gun without a lot of confirmation, and third trade, was impulsive and out of boredom. I also had an entry on the W that I closed to minimize my loss because it was still going against me, and vowed to reopen on a retrace, which occurred about 9 seconds later. Sonuva B. I was -3.75 - commissions going in to that last trade, which was quite a blessing. Thank you NQ for not being a total bastard today. Six trades is too much, I could've done a better job waiting for the right moment, but I kept my losses from those shenanigans small, which helped a lot.
Anchor
Entry
PnL
Net 11.37 after commissions
Today was interesting (its always interesting, I say that a lot about the trading day). Not a lot of big moves. There were two smaller moves in the morning that I got pieces of. Should not have taken my first, third trades. First trade, tried to jump the gun without a lot of confirmation, and third trade, was impulsive and out of boredom. I also had an entry on the W that I closed to minimize my loss because it was still going against me, and vowed to reopen on a retrace, which occurred about 9 seconds later. Sonuva B. I was -3.75 - commissions going in to that last trade, which was quite a blessing. Thank you NQ for not being a total bastard today. Six trades is too much, I could've done a better job waiting for the right moment, but I kept my losses from those shenanigans small, which helped a lot.
5/20
Anchor
Entry
PnL
Net after commissions -9.4
Hit daily stoploss. Too many trades. Last trade was the only good entry. The other were me seeing things that simply weren't there and getting stopped accordingly. I've noticed daily stoploss days come after days where I do well. No idea, what the hell. I'll spend the rest of the day figuring out what exactly my problem is.
Anchor
Entry
PnL
Net after commissions -9.4
Hit daily stoploss. Too many trades. Last trade was the only good entry. The other were me seeing things that simply weren't there and getting stopped accordingly. I've noticed daily stoploss days come after days where I do well. No idea, what the hell. I'll spend the rest of the day figuring out what exactly my problem is.
Quote from Dobbes:
5/20
Anchor
Entry
PnL
Net after commissions -9.4
Hit daily stoploss. Too many trades. Last trade was the only good entry. The other were me seeing things that simply weren't there and getting stopped accordingly. I've noticed daily stoploss days come after days where I do well. No idea, what the hell. I'll spend the rest of the day figuring out what exactly my problem is.
That is euphoria. You are feeling good because you had two good days in a row. Focus your efforts on mentally separating out each trade and trading day/week/month. That will help you have an approach that treats each upcoming trade/day/week/month as a unique entity. ie. you're not going to continue your winning streak because you're hot or vice versa for a losing one.
Hi Dobbes,
I am a recent price action convert. However, I found
that I get chopped up on the entries due to lack of
skill.
I found that using a MACD for potential entries with
confirmation from price action helps out.
MACD lags, but it also would have gotten you in on a
short on the second lower high of the run up this morning.
I use a 500 volume chart on NQ. Haven't tried 1000 share
chart but it looks good.
I am a recent price action convert. However, I found
that I get chopped up on the entries due to lack of
skill.
I found that using a MACD for potential entries with
confirmation from price action helps out.
MACD lags, but it also would have gotten you in on a
short on the second lower high of the run up this morning.
I use a 500 volume chart on NQ. Haven't tried 1000 share
chart but it looks good.
Seriously try the 15 minute time frame for a while. I have the impression that you are getting nowhere with this charting setup. I see things that would even distract me and that is precisely what should be avoided. Again, you don't have to look at the market in such detail. Tick charts, volume charts ... dump them. These are of no use if you trade according to price action. The vicious sell-off below 2014 in the NQ was so obvious--didn't you take it?
Here are the S&R levels that you should note in the NQ: 2021, 2014, 2000, 1996, 1992, 1986, 1982, 1974
Draw them out in the 15 minute chart and see how they work for you. Price always moves along these levels and they are permanent. Perfect reference to find a target upfront. If you need more of them, just let me know.
Here are the S&R levels that you should note in the NQ: 2021, 2014, 2000, 1996, 1992, 1986, 1982, 1974
Draw them out in the 15 minute chart and see how they work for you. Price always moves along these levels and they are permanent. Perfect reference to find a target upfront. If you need more of them, just let me know.