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Blowing Up
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Created: by ReaM Attachments:5

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Blowing Up

  #31 (permalink)
Trading for Fun
Los Angeles
 
Futures Experience: Advanced
Platform: x_trader
Favorite Futures: Stocks
 
ReaM's Avatar
 
Posts: 127 since Mar 2011
Thanks: 96 given, 95 received

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.

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  #32 (permalink)
Trading for Fun
Los Angeles
 
Futures Experience: Advanced
Platform: x_trader
Favorite Futures: Stocks
 
ReaM's Avatar
 
Posts: 127 since Mar 2011
Thanks: 96 given, 95 received

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.

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  #33 (permalink)
Trading for Fun
Los Angeles
 
Futures Experience: Advanced
Platform: x_trader
Favorite Futures: Stocks
 
ReaM's Avatar
 
Posts: 127 since Mar 2011
Thanks: 96 given, 95 received


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:

https://futures.io/psychology-money-management/17811-concerning-risk-per-trade-sizing-8.html#post195134


Last edited by ReaM; March 8th, 2012 at 12:12 PM.
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  #34 (permalink)
Trading for Fun
Los Angeles
 
Futures Experience: Advanced
Platform: x_trader
Favorite Futures: Stocks
 
ReaM's Avatar
 
Posts: 127 since Mar 2011
Thanks: 96 given, 95 received

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.

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Last edited by ReaM; March 10th, 2012 at 04:57 AM.
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  #35 (permalink)
Trading for Fun
Los Angeles
 
Futures Experience: Advanced
Platform: x_trader
Favorite Futures: Stocks
 
ReaM's Avatar
 
Posts: 127 since Mar 2011
Thanks: 96 given, 95 received

How do I modify the pending order qty in X_trader?

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