putting all my efforts

TRADES FOR THE WEEK (BE is closed near break even - MAX is maximum gain in open trade - here commission are often not included)

fesx = +175 max 192.55
nq = +$80 max $120
nq = +$35
nq = BE max $165
nq = BE max $95
nq = -$75
nq= -$40
fesx = BE max $134.29
fesx = BE max $134
nq = +$155
nq = BE max $60
nq = BE max $60
nq=+$200 max $250
nq=BE mac $50

14 TRADES
5 @_POSITIVE
7 @_BREAK EVEN
2 @_NEGATIVE

if closed at max gain: $1335


WEEK TOTAL (commission already subtracted from total)

05-02-2011 monday = + $275 (c:$15) (t:3)
05-03-2011 Tuesday = - $10 (c:$5) (t:1)
05-04-2011 Wednesday = - $120 (c:$20) (t:4)
05-05-2011 Thursday = +$122 (c:$15) (t:2)
05-06-2011 Friday = +$135 (c:$20) (t:4)

trades: 14
commission: $-75

total: + $402
 
Quote from traderslair:

Thank you for your money.
More...

I will give you more next week...

if you have to lose a little of your WE time posting in my journal, if you could please post something more interesting, I received lots of critics, some made me feel scared, but I appreciated them all anyway because they where constructive.
 
dark,your learning how not to lose,important step,make sure your major efforts are going into reading the turns,anticipating whats next,big picture reduced and reduced,the more you are correctly anticipating the the stronger your conviction will be on the trades you take...in other words....macro to micro...not micro,micro,micro
 
i as u can use my imagination,you need to interpret it yourself,i see higher high and lower low,followed by double top lower highs,anticipating lower low
 

Attachments

reduced,posted the spx earlier in the es journal,look at the macro,if you see something ,try to get other viewpoints by looking at other markets,you may get confirmation,you dont need to trade ,it's just a bet,wait for the best trades,learn to sit on your hands,you did well only taking 14 trades for the week,profitably,....look for great setups where major supp/res meets,think longer term,think big,daytraders are mice in a cage in the goldman sax lab,only the smart mice escape,they need all those little trades to build their position,with that in mind stay nimble,trail stops so you can ride a winner without panicking out or giving it back,if stopped out ,get back in if it still looks good,watch the advance decline volume for confirmation.watch as much as you can absorb,it takes a while to get it ,make sure you stay in biz in the meantime,2 or 3 trades a week will suffice ,if you are in a good trade ride it
 

Attachments

You must log in or register to reply here.
Back
Top