S/R Emini Journal

[4re]

Quote from brightstone:

I mastered Euphoria trading for the first few days, trading again and again off of wins...Until I lost a few times. Now I break after every trade to record performance and data. I don't trade without keeping a written record.

You might consider my 2 loss in one day and I am out approach. Just like Romik stated revenge trading or just trading to do someting are bad habits. I would rather be bored and keep my money.

 

[romik]

Quote from 4re:

You do appear to be doing well at it and I think you have built up some respect from a lot of traders here at ET. Of course you probably lost it all with Wonder J, but who cares.

I yet have to master printing out my clearance firms $1m statement for Johnie-Tea-Buiscuit.

 

[4re]

Quote from romik:

I yet have to master printing out my clearance firms $1m statement for Johnie-Tea-Buiscuit.

That is what Excel is for...

 

[bigbrent701]

Romik im only making a lot of trades to get experience. Just simulated for now.

 

[romik]

Quote from bigbrent701:

Romik im only making a lot of trades to get experience. Just simulated for now.

Sure, just you have to be aware that discretionary sim trading CAN be very different to the real money, psychology is difficult to tame when not using a proven strategy.

 

[bigbrent701]

ya im just trying to see what im good at and what im not for now. Just want to see where i stand.

 

[romik]

Gary, start routing, please

 

[4re]

Quote from romik:

Gary, start routing, please

Go market go, Romik needs some steak and his baby needs a new pair of shoes...How's that.

You guys in England do wear shoes don't you? Oh yeah that is Alabama that doesn't wear shoes...

 

[brightstone]

May I recommend keeping a trade report for every trade you are making. That way you can confirm what you are actually getting returns on. I record strategy, time in trade, with comparitive indicators to check if I was making a trade on hope or a trade on information presented in front of me. It helps remove the emotion from my trade and I am seeing more on my charts. One huge improvement has been more wins and the ability to discern my trade patters. No more boredom trades.

This also showed me that my skills are improving which was reverse of what I was thinking. I thought I was trading more and getting worse. The written records actually showed that I was improving. Trading less, loosing a lot less % wise.
J

 

[4re]

Quote from bigbrent701:

ya im just trying to see what im good at and what im not for now. Just want to see where i stand.

It is good to see where you stand and find a method that fits your personality.