Trader PnL 2015

[A2x2]

Net: +292

Missed a big sell off just now because I got fooled by the slight market fluctuation! Calling it a day.. not liking the slow price movement at the moment.

May or may not trade tomorrow morning with the FOMC announcement in the afternoon.

2 trades, 2 winners.

 

[A2x2]

No trades today. Saw some opportunities this morning but was a bit distracted with another venture I had going on.

 

[A2x2]

Net: +30

Was down about $350 at one point today, as I got caught on the short side thinking the market would continue to sell off throughout the day. After the uptrend became evident to me, I still made one dumb trade by shorting the market when it was slightly off the intraday high, thinking there would be a slight reversal before I would go long. Ended up getting caught and losing another $160 on that trade.

Stayed long in the afternoon and was able to end off slightly above break-even. Done for today as I hit my maximum number of trades for the day.

What I realized today was I need to continue to exploit daily trends until I either hit the maximum number of daily trades in my plan, or the trend becomes too unpredictable. On Tuesday, I stopped after 2 trades, when I should have continued to exploit the trend on the short side to maximize profits, as additional opportunities came up after I decided to "not risk my profits".

5 trades, 3 winners, 2 losers.

 

[A2x2]

Net: -46

Market is range bound at the moment on a Friday afternoon.. calling it quits. Was down about 160 early in the morning on an ill advised trade. Should have waited a bit longer to see the trend emerge.

Missed opportunities on both side as my profit-take was too aggressive.. as I expected a break out on both sides. Had my profit-take been more conservative, I would have been up around $140 today.

4 trades, 1 winner, 1 loser, 2 break-evens.

 

[A2x2]

Net: -68

Minimal damage today. Market showed uptrend strength and support in the morning so I went long around the lunch hour during the sell off. Decent entry price with a conservative profit-take, however the market continued to show resistance throughout the early afternoon, and I had a feeling the market would sell off.

I should have trusted my instincts and moved the stop-loss to break-even to protect against the potential of a sell off that eventually occurred. However, got caught but I did not panic and waited for the market to trend up a bit before selling. Had I kept waiting then the market would have hit my full stop-loss, and I would have been down over $200.

Once I recognized the down trend I should have exploited it immediately as soon as I sold my long position, however I hesitated and the market continued to sell off.

2 trades, 1 loser, 1 break-even.

 

[A2x2]

Net: +113

Missed a couple of opportunities in the morning as I waited to see how the market would react as Janet Yellen spoke. Market remained range bound, however I hesitated to take certain trades on both sides.

Market broke the lower range in the early afternoon and I was certain the trend would remain on the downside for the rest of the day, only to watch it hit new highs. I was able to recognize the support in the price action and pulled off my short trade prior to the rally up. I was thinking of chasing the entry on the long side as it rallied up, however decided against it. The market is currently selling off as we speak.

3 trades, 1 winner, 2 break-evens.

 

[A2x2]

Net: +53

Was at +202 today playing the long side in the morning and the short side in the early afternoon. One of the trade techniques that I need to work on is to recognize when to chase a trade, and when to wait for the pull back. My 2nd trade I chased the entry as it looked like it was about to break out on the down side, only to watch it pull back. Utilized a wider stop-loss as I thought the market would continue to sell off. Ended up being correct and gaining an additional +101 on the trade.

My 3rd trade I continued to play the short side, thinking the trend would continue into the afternoon with the market selling off with the impending Brexit vote tomorrow. Good execution with a good stop-loss price, however the market just continued to rally in the afternoon and I got stopped out. The market is currently fluctuating around levels with no clear trend.

3 trades, 2 winners, 1 loser.

 

[A2x2]

Net: +6

Thin trading range all day today. I was conflicted between a market rally from those betting on a Bremain, and a sell off from those betting on a Brexit.

1 trade, 1 break-even.

 

[A2x2]

Net: -309

Not good.. not good.. ended up chasing way way way too late in the day after the market sold off way too much..

This goes back to what I wrote the other day.. when is it the correct time to chase and when is the correct time to wait for the pull back..

I think going forward I need to stop chasing entries no matter how much profits are left on the table and just simply focus on good execution.

Wider stop-loss today as well. Back to the drawing board Monday..

1 trade, 1 loser.

 

[A2x2]

Net: +27

Very timid trading today.. was hesitant to enter short at the initial levels I thought the market would reverse to after it sold off in the morning. Missed entry, however the only good thing was I didn't chase. I inputted a limit order to enter at the bottom of the range that I initially wanted to enter, and it actually went 10 points above that. However, with my wider stop-loss and my discipline to not chase entry, the market eventually sold off below my entry point and I ended up breaking even on the trade (moving stop-loss near entry).

My 2nd trade I went short in the afternoon, however I immediately sold as I was concerned the market would rally in the afternoon after such large sell offs the last two trading days. Also, a wedge was forming on the 10 mins chart with higher lows, so I thought it would eventually break past the resistance level. However, it didn't and I missed a 40 point move to the down side. Remained discipline and did not chase any entries for the rest of the afternoon, however did not manage to enter any new trades as well.

2 trades, 2 break-evens.