I trade those that are at important levels and that's not every day the case for each instrument.
I would agree, concentrating on one is best.

Somebody slap me for not taking 5 trades this early morning I simply can't "let it go"


Thanks Fat Tails for the info, yesterday I could observe a clear volume change from March to June and today, in March contract there are prices with empty cells in the DOM.

Can somebody slap me? Please! ^^

Well, today is the ladies day. We men have to give some of our profits to them.

I am a little less than 10 dollars in minus for today after four losses and one win. Computer died on me again during that win, I had to log in from a laptop and cut the win two ticks short, but that's alright.

I did not take I think 7 trades all of which would end up being wins, on some I was simply late (saw the opportunity too late, because I was doing some other stuff), some I did not take I thought they were dangerous trades, but this was not my plan (which was to take every trade).

I came across the following post from Mike and you can learn more from it than from most books. Exits define what you have in the end of the day:

Concerning risk per trade sizing For me, I had to deal with accepting that on every trade there was going to be the initial risk, the initial reward expectation; the developing risk and eventual reward. All I could do was control the initial risk and set in place my expectation of the …

Done for the week.

Very bad trading, far from what I planned. I entered a perfect trade and some nerve impulse had to tell me to chicken out only to see price move my way 6 ticks almost in an instant :/

Because of heavy news today, I only saw two trades, one of which I ruined. I don't like trading Friday afternoon, except there is some trend going on (now is quiet) and most instruments had their daily move already.


Yesterday +$15
Today + $120

So far, no loosing days since I started... That will change.

This weeks problems were all psychological. The only technical I had was my AMD Athlon 5000+ computer turning off on me during trades.
I don't know how many psychologists will read it, but if it is of any use:
-I am afraid to lose money, even though I meditate all day that money does not matter. I don't panic when a trade goes against me (I think I handle looser well), but I am more inclined to close profits early.
-When I am in plus for the day, I am more reluctant to taking more trades. Keep what you got bias^^.
-I have this other bias where I always think: "Had I not had those stupid mistkes during the first week, I would be more than twice as far ahead with my performance" and that thought holds me back. I lost a lot of money because of switching instruments and trading wrong stuff and because I fell asleep. Any remedies?
-I close winners early and I can't help it.
-I don't take all trades. This is the most serious issue.

One of my recent thoughts about: " You can't go broke taking profits": It sure does apply to systematic traders, but not to discretionary trading. While a discretionary one might go broke taking profits too early (like it could be the case with me because I close profits early and losses are already watching me...), a systematic assures himself going broke. A discretionary trader does not have to enter risky trades, while systematic has to take his signals. Since when that phrase came to existence not many systems existed, I think there is nothing wrong with it.

Have a great weekend everyone.

How do I modify the pending order qty in X_trader?