tampa's "short skirt" trades...

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Some very encouraging progress this week in terms of filtering out chop, and identifying good (high probability) entries.

But one unexpected problem has come up. The trades have been going in my direction immediately. Allowing me to move the stop to breakeven very quickly. Twice today this came back to haunt me on trades that would have gone on to meet the three-point profit objective.

I suppose that there could be worse problems to have, but I am stumped as to a workable solution. What is worse – a handful of scratches, or a handful of two-point losses?

I suspect that at this juncture I will do nothing different, permitting sufficient time to see just how often this “problem” occurs.
 
Originally posted by tampa
.But one unexpected problem has come up. The trades have been going in my direction immediately. Allowing me to move the stop to breakeven very quickly. Twice today this came back to haunt me on trades that would have gone on to meet the three-point profit objective.
More...

I also have found this problem; I will move my stop a little as price goes my way, not immediatly to b/e, and get out with a smaller loss, then price will go my way further. No solution yet, except to leave the original stop and wait for the target or the stop. In hindsight that has seemed to be more profitable.

I really hate being right on a trade and still losing money.

Make 'em pretty, Chris
 
So, how many of you actually did a “search” on snake oil after reading yesterday’s post?

09:20 Three winning days in a row, and would you believe that I haven’t received even one request for an in-depth interview? Go figure!

I mean not even a lousy book deal – nothing.

Well, things are getting crowded in “Journalville” again, so what’s the use of going on? It’s better that I leave you in suspense, wondering what happened. And so, that’s what I will do...
 
Oh sure. Now that youve got it figured out youre going to run off and hide. What about those of us who befriended you back when your were a nobody. Huh, huh?
 
Remind Tampa dat he's hooked,,,,,,,,,,,,,,,,,,,,,,he'll be posting his trades...................oh yes he will................without us , his audience, he is NOTHING............NADA..................ZILCH............... ZERO.................a mere grain of sand on a gnat's arse
 
Who is he going to tell about his trades? ...His Wife?.........You ever told your wife about your stupid trades?......not a smart thing to do......his dog?.......ever done that......wags it's tail then lies down goes to sleep and you not half way thru the tale.....hmmm, sometimes same thing happens with the wife except no tail wagging.
 
When I first started this “journal” it was a lark – nothing more. It was never intended to showcase my great trading skills, nor to encourage and enlighten struggling traders. It was purely selfish, and self-serving – period. It became part nightmare, part hindrance, part humiliation, and part gag – none of the things I had originally envisioned.

To continue along the same path serves no purpose whatsoever. But one would think that something of value should have come of the past four weeks. So with that in mind I reread all of the previous posts.

As I sifted through the ruins I encountered someone I did not know. Someone best described by an earlier poster as a mess, as undisciplined, as out of control . When I initially read that assessment, I was offended, but I am now forced to concede that he was quite correct.

Some of the things I did, and cheerfully acknowledged, were hideously embarrassing and humiliating. Some of the changes and adjustments to my stated plan made no sense. There is no way around the fact that I acted like a fool – and did so consistently.

Today’s reread was not a pleasant experience.

Granted, I also provided some intended amusement for you – and a few headaches for the beloved moderators who often edited my posts.

So what now? Well, obviously I will go on with my life as I did prior to this little fiasco. The past five trading sessions showed considerable promise as I slowed down, regained some control, and more or less headed in the right direction. My “career” as a trader is a checkered one – days, weeks, even months of near flawless profitable trading, followed by prolonged periods of near insanity.

I have truly enjoyed putting a smile on your face from time to time during this odyssey, but that’s not what we are all gathered here for – especially moi. So the days of being the board’s jester must and will come to an end.

But there is also an element of dignity and pride here. It would be easy to slink away, even in disgrace, and hide among the countless lurkers, but...

This much is certain. This will be my final entry in “tampa’s short skirt trades”. I will let it die and rapidly sink out of view. During the weekend I will give some thought to doing it right. The important thing is to repair whatever damage I have done to the trader within – the jokes, snide comments, and off-the-wall antics are secondary. Tonight I do not know what my decision will be.

BTW – for the record, I took no trades today.

If you have two-cents worth, put 'em on the table.
 
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