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Trade Journal
- Thread starter djay
- Start date
Notes to Self:
a) Do not trade in the first half hour.
b) Trade only if I have my levels marked and price trades around those levels.
c) Trade only small positions. Increase the position sizing only if it goes in my direction.
d) Do not trade if you are not planning to be in front of terminal.
d) Idiot, take your stoplosses. It has been bane of your existence for a long time
e) Automate as fast as possible. Dont be lazy about it. You are almost there with it.
a) Do not trade in the first half hour.
b) Trade only if I have my levels marked and price trades around those levels.
c) Trade only small positions. Increase the position sizing only if it goes in my direction.
d) Do not trade if you are not planning to be in front of terminal.
d) Idiot, take your stoplosses. It has been bane of your existence for a long time
e) Automate as fast as possible. Dont be lazy about it. You are almost there with it.
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New Positions
MES - Short - 2937
SL : 2952 or Monday close
Target: 2909
Basis of Trade: ES tested the previous bounce zone of 2850s, set up a trap for late shorts and I expected it to test 2940. This again was a zone of previous resistance and strong shorts are above 2950 and they may not want price to get there. Also, my hunch is today’s pump up being led by Option writers. Sunday’s open will tell if this thesis is correct.
What I don’t like about this trade:
a) Taking the opposite side of day’s price action
b) Not having Option’s data handy.
MGC - Short - 1511
SL : Multiple hourly closes above 1520 or price moves above 1530
Target: 1480
Basis of Trade: I think this is a VWAP test which is at 1515. If GC crosses decisively above 1520, we mostly will see a new high, otherwise sideways to move down to below 1480.
What I don’t like about this trade:
a) Not seeing much purpose in taking this trade, except as balancing trade for MES
MES - Short - 2937
SL : 2952 or Monday close
Target: 2909
Basis of Trade: ES tested the previous bounce zone of 2850s, set up a trap for late shorts and I expected it to test 2940. This again was a zone of previous resistance and strong shorts are above 2950 and they may not want price to get there. Also, my hunch is today’s pump up being led by Option writers. Sunday’s open will tell if this thesis is correct.
What I don’t like about this trade:
a) Taking the opposite side of day’s price action
b) Not having Option’s data handy.
MGC - Short - 1511
SL : Multiple hourly closes above 1520 or price moves above 1530
Target: 1480
Basis of Trade: I think this is a VWAP test which is at 1515. If GC crosses decisively above 1520, we mostly will see a new high, otherwise sideways to move down to below 1480.
What I don’t like about this trade:
a) Not seeing much purpose in taking this trade, except as balancing trade for MES
New Positions
UB - Short - 195'230
SL : 196
Target: 195'140
Basis of Trade: I am expecting ES to retrace which can cause the Bonds to give up bit of gains. UB was looking a bit heavy last few days, but it is still in Bulls hands. I am hoping to take a few ticks here
What I don’t like about this trade:
a) For a account of this size, I should not even be dreaming of trading UB. Hoping to cover this trade intraday.
UB - Short - 195'230
SL : 196
Target: 195'140
Basis of Trade: I am expecting ES to retrace which can cause the Bonds to give up bit of gains. UB was looking a bit heavy last few days, but it is still in Bulls hands. I am hoping to take a few ticks here
What I don’t like about this trade:
a) For a account of this size, I should not even be dreaming of trading UB. Hoping to cover this trade intraday.
New Positions
UB - Short - 195'230
SL : 196
Target: 195'140
Basis of Trade: I am expecting ES to retrace which can cause the Bonds to give up bit of gains. UB was looking a bit heavy last few days, but it is still in Bulls hands. I am hoping to take a few ticks here
What I don’t like about this trade:
a) For a account of this size, I should not even be dreaming of trading UB. Hoping to cover this trade intraday.
Closed at 195'240 .. UB suddenly spiked up .. need to check twitter wassup
Edit: Didnt find any news which caused the spike. It took me out of the trade and it is right now at 195'040. Sigh, perils of trading with small capital. If I wasnt in that trade earlier, failure of that spike, was a good short opportunity. Not much to trade here right now
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what twitter feed did you check?
Hi, I generally follow a few news feeds and a lot of traders. Typically, if there is any major news it kinda shows up on my timeline in a few minutes.