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Catching Big Waves - a trader's journal of surfing the the markets
Unusual day, did not trade it well. Came out slightly up, but in hindsight should have gone for the 95.60 buy the 2nd time
By that time I was wondering what was going on, even though I knew Bernanke was speaking, that was just bizzare price action. More like an FOMC move. had I thought that, I would have just stayed flat.
Good week and month though. Great net, before commissions. In the trade versus scalp arena, my broker will love me. 58% wins, 1.53PF, 2 losing days.
My scalps are not really that intense. I said I had about 18 RTS yesterday, but really to clarify it was 18 contracts traded. I scaled in and out, went in 2-4 here and there, not that many specific attempts. It is almost more like I am feeling the trade, then putting it down? It is still reinforcing though, to me anyway, to see multiple contracts move, if only for brief moments.
The long I took this week and managed fairly well on 5 contracts came with possibly zero fear. But not without a knowing that I might get hit. A lot of times my losses are softened by scalps, and if I keep the same trade size I have come to know what that will look like, so that actually gave me slight reassurance. But max down works too.
While I can complain about my win percentages, my fear of size, my fears in general, they are dissolving slowly. One thing that I have learned about myself recently, is that a lot of the "fear" I have about uncertainty comes from things I have taught myself. A balancing act I guess.
If I were trading full time, I would eat this month. I would not have a lot of spending money after living expenses, but disc golf is free, my wife and dog not that expensive.
Thanks to @websouth for giving me some great office art. I may go through and frame some cool episodes.
And, also for helping me see another way of looking at the market. Someday I may get it broken in. I will keep it nearby and watch over the next few months.
@greenr, let me know your schedule and if we might get to meet in person. I did get another project in New Jersey and may have to be there Tuesday. I decide last minute most of the time.
