Thank you very much for your input, but I know exactly at which levels I want to enter and when.
SniperDaytrader´s journal
- Thread starter SniperDaytrader
- Start date
26.1.2015 trading results
Markets have been nervous from the beginning as I expected and wrote in my pre market preparation. I also wrote: ”I also prefer long trades in DJ from preplanned zones. 17500 looks promising (besides other things it is also nice round number)”. And look how nicely Dow Jones respected the pre planned support zone.
Trades
Results:
Markets have been nervous from the beginning as I expected and wrote in my pre market preparation. I also wrote: ”I also prefer long trades in DJ from preplanned zones. 17500 looks promising (besides other things it is also nice round number)”. And look how nicely Dow Jones respected the pre planned support zone.
Trades
- T1 Long in NQ. I was too late and momentum was gone. Hasty trade. -10
- T2 Break in NQ. I saw lot of trapped eager bulls in agony here. I entered from nice price level but NQ didn’t react as I expected and this being not really my primarily type of trade I opted for quick +4
- T3 Was partly my fault because I didn’t take the offered 8 ticks, partly bad luck when I was hit by stop run. -12
- T4 Short from VAL, but again too late. When I realized my mistake I took -5
- T5 Very nice long from support zone for nice price which allowed me to give the market more space, so I let it run to +18
- T6 Another break, this time trapped bears. Quick +10
- T7 Flip trough ORH. Quick +9
Results:
- only 57.14% win ratio
- I took T1 and T4 too late
- T3 loss is ok, but could have been managed better
- too many trades again
Attachments
Cool, keep repeating
* Sorry too many threads, not enough sleep, confused, thought you had issues and was after help, see your not, very sorry, carry on
Have you broken down times of day in which your methods work best? Your over trading could be controlled by trading best times of the day. Like first 90-120 minutes of day session makes most for my style, next 3.25 hours of lunch is tradeable but for me to get few points for amount of time sitting there when I can enjoy a walk or cup of coffee not worth it, afternoon session much more harder and challenging as it has many false signals but dinks enough to make little more. Afternoons is more time based than price cause as other markets tend to close and reversal trades sets up cause of it.
Yes, I actually trade just the morning session. I feel that my concentration level drops significantly after 2-3 hours of watching markets. So, I trade just first 2 - 2,5 hours after opening.
+14 pts or $41.74 ( $28.26 comms, is that to be removed from the 41 or already gone, I hate Comm's ), either way profit
Got $136 after comm's, 1 bad trade cost me $200 in mins, 69% win rate, 13 trades.
Nothing was running, get in, get to a few pts, stall so exit Getting runners is just random chance I find, more trades you make better odds of being in 1.
2 hours and I'm fried, eyes hurting, generally do something away from screens for an hour and try to get another 2hours later, need to change my times to better suite my method.
Got $136 after comm's, 1 bad trade cost me $200 in mins, 69% win rate, 13 trades.
Nothing was running, get in, get to a few pts, stall so exit
Getting runners is just random chance I find, more trades you make better odds of being in 1.2 hours and I'm fried, eyes hurting, generally do something away from screens for an hour and try to get another 2hours later, need to change my times to better suite my method.
$41.74 already after comms. This is not a good day for me. Good day is usually 2-4 trades, 75-100% win ratio, $80-120 after comms.
Cannot argue with thatBetter than a loss.
Yes, you are absolutely right; however, in a strong trend, you can totally screw up your entries and still have money fall into your account.
