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The big-picture is almost too sideways for my intention of only trading what is moving, but on the other hand, it could be required to not get discouraged by exactly this sideways price-action and re-entries could be especially necessary here.
Since it's still difficult to judge what "quality" exactly means for my trades, I'm operating under the premise of quantity over quality, since I don't want to get fooled by the illusion of thinking I could in some way know the outcome of anyone trade.
It's just so frustrating! In about 3 weeks, 21 trades, 18 losses and 3 wins, whereas the wins are ridiculously small in comparison to the losses.
Is my approach faulty? Is it just an unfortunate market phase? I really don't know...
I can't imagine to even be able to make all those losses back, but I just keep going and look what happens.
My plan is to trade this approach without much deviation until December, if it doesn't start to crush me completely.
Somehow, somewhen there gotta come light at the end of the tunnel!
Exit Trade #27
Daily
60min
Loss: -0.21P
Exit Trade #34
Gapped me out a 2nd time with double the loss I intended. That's just so ridiculous, that I can't even be pissed anymore!
10min
Loss: -0.3P
Exit Trade #33
Also gapped out for slightly larger loss.
10min
Loss: -0.22P
Exit Trade #20
Was one of the stronger ones, but one gap-down can ruin days and days of holding and waiting
60min
10min
Moved stop once
Loss: -0.14P
Entry & Exit Trade #35
In&Out Loss
60min
10min
Loss: -0.3P
Exit Trade #26
This is especially frustrating, because it appeared to have chances to become a bigger runner.
60min
10min
Win: +0.12P
As long as the big picture is alright I'll re-enter in all of them as soon as the small trend turns upwards again. I think a major mistake could be playing the disgruntled and annoyed now, and who knows, they tanked together today, maybe the start to spike together soon.
Was a re-entry and especially sucked, because it had already made a nice spike.
60min
10min
Loss: -0.15P
One thing I'm keeping an eye on, which should become more clear as I gather more examples is, if I should take the same entries, but put my initial stop on the low of the larger trend that it has more room to wiggle around. And when it approaches/breaks through the large-trend-high, only then start to move my stop accordingly on the smaller trend.
At least psychologically that would likely give me a bit relief.
I'll add the symbols to my trades from now on, because it starts to get too confusing, especially concerning re-entries.
I hope that's not a problem for the forum, but I think it's believable when I'm saying that I'm in no way trying to smuggle some signal-service in here or try to secretly lure people into something.
Entry Trade #36 / AQUA / First time entry
Questionable if the big picture can still be seen as in an uptrend, but time and samples will hopefully tell.
Have already done a trade in this one when I did my first samples. Since the big picture is in a favorable phase again, I'm not hesitating to do another trade.
Yesterday was an above average red day in the S&P. So either this was because all stocks tanked, or all stocks tanked because of the S&P tanking. However I feel like the more decisive the move in the S&P, the more the stocks tend to follow/start to correlate.
On a more average weak day in the S&P, weak stocks also drop, but stronger ones tend to go sideways.
There's definitely a connection between the stocks and the S&P to be noticed, but I don't know if that could help my trading decisions in any way.
For now I'll accept days like yesterday as part of my current method, which hopefully will be compensated by strong green days which lift my positions all at once.
The other thing of course would try to have more short positions, but even though I used to just focus on shorting, at the moment it's really difficult for me to get conviction in any short-trades.
Today shows the extreme importance of not standing grumpy in the corner and being mad at the market after a day like yesterday. From my prepared 9 orders 8 got filled and every single one is still in the green for the day and 6 even spiked significantly.
Looking on the S&P, chances are not too bad that the pullback on the daily is finished and it starts to climb again, which should be a good sign for my stocks as well.
10 positions running at the moment
Moved stop in #42 RWT
A thing I totally forgot about is, that I have to be cautious because of the PDT-rule again in stocks, which sucks immensely.
Entry Trade #48 / DBK-IBIS / First Entry Special Case "medium sized trend"
Even though the pullback is pretty small for the trend-size I want to trade here, I've entered under the premise, better to get stopped out and re-enter, than to maybe miss a major move
Couldn't enter at the open because of only one day-trade left currently, but since it came to my entry point right before the close again, I entered then. These lower lows, but not below the last significant trend low on the big pic, I'm not sure if they are worth to trade or to avoid.
12 positions in the market at the moment. I'm pretty satisfied with that, but I gotta focus on adding a few shorts. I'm avoiding that all the time, but I really have to deal with that the next week!
