Spydertrader's Jack Hershey Futures Trading Journal

[sscott]

Quote from Spydertrader:

And now you understand why The Final Exam follows the Medical School Paradigm of "See One. Do One. Teach One." Collaborative Debriefing assists the trader posting the chart by providing various points of view focused on a single area of concern. In addition, those providing the input receive the benefit of reinforcing that which they already know. Win-win - any way you slice it.

- Spydertrader

Did you go to med school too, or do you just watch lots of Scrubs episodes? Either way Spyder, your teaching methods are awesome!!! Thanks.
BTW I dicked up the the format on the last quote I sent so I thought I would try one more......

 

[8833broc]

Trades for today - Short 3 and 4 I had no idea why I took them.
DISCIPLINE !

Short 1 +.50 Entry Break of Pt3 bar low
Exit Break of RTL

Short 2 -1.25 Entry FBO of RTL
Exit Break of RTL

Short 3 -3 Entry BO of Long RTL
Exit Rising Green PRV and BO of Short RTL

Reverse

Long 1 -.75 Entry Rising Green PRV. BO of SHort RTL. Fanned Pt 3 ( lime green )
Exit - THought I saw a ftt 2 bars ago. Going to get out and watch for more clues.

Short 4 -1 ENtry - Not sure why I did this
Exit - Why the heck did I enter ?

Short 5 + 4.75 Entry Oserver FTT on ES and YM
Exit - lunch time.

Long 2 + 2.25 Entry Pt 3 Plus I just annoted Inc Gren PRV on the YM Chart
Exit - Green Volume waning near LTL. Felt that we are in a retrae of a retrace.

Short 6 + 2 Inc Red PRV on ES and YM. ES at Long RTL
Exit on RED Volume surge

 

[Spydertrader]

Quote from sscott:

Did you go to med school too, or do you just watch lots of Scrubs episodes?

While I do enjoy watching the show Scrubs, believe it or not, I actually taught (back in the late 1980's - early 1990's) surgeons (in the Operating Room) how to use an experimental artificial skin (for skin grafts) to speed the recovery time, reduce morbidity and reduce mortality for burn patients. While I didn't invent "See One. Do One. Teach One." I have seen first hand the effectiveness of the paradigm.

- Spydertrader

 

[Spydertrader]

Quote from 8833broc:

Trades for today - Short 3 and 4 I had no idea why I took them.

You ended the day to the plus side - a good thing. However, you need to improve your debriefing skills. You should find the words "I have no idea why I did [this thing]" abhorrent - and unacceptable as an answer. If one cannot understand why one decided to take action, then one should not take action. Furthermore, how can one hope to improve if one does not understand why a trader generated an error. I encourage everyone to take notes (either written or audio / video recordings) of their thoughts. In such a fashion, one can then avoid hearing themselves say, "I dunno' why I didn't follow my own rule set."

Again, nice job on ending the day positive.

- Spydertrader

 

[guavaman]

My M-A-D while watching the recorded replay of the day is fantastic. Now, if I can learn to apply the zoom in / zoom out focus coupled with the calm disposition I display during the play back, I'm freakin golden .

 

[ticktrade]

afternoon trades.

channels and gaussians are on the 5 min chart
this is the 2 min.
It was tale of 2 days in one.

http://charts.dacharts.com/2007-12-17/mon pm.png

the afternoon was a very uncommon expeience for me. hope it wasnt a one time wonder.

 

[Avi 8]

Quote from Failure2Travers:

This is the worst trading day I've ever had. I know I went against the dominant too many times. I thought I would post my chart anyway.

Are you trading two contracts?

 

[Failure2Travers]

Yes, 2 contracts for the purpose of scaling out of trades.

 

[ehorn]

First trade of the day, Entered on PT3, 5.5 points

 

[Mr_Black]

My first trade for today ... entry on bar#4 ftt exit on bar # 5 ...P/L +2 points....