PowerBroker's journal

March 23rd, 2012, 10:57 AM

Well I got myself out of that uglyness by the skin of my teeth. Still down 4k today but it could be a loooooot worse. Just gonna call it a day/week now and go decompress somewhere. I'm not even putting the charts up cuz they're fugly. It was all bad.

March 23rd, 2012, 05:58 PM

Total loss for this week on sim trying out the newest indi's I had downloaded was in the neighborhood of 27k. I lost everything I had mafe and was up the last 3 weeks and a little of the base capital. I hope for the best next. Going back to what was working for me just using PA only.

Gotta have/use a method that works and have good RM & MM.

March 23rd, 2012, 06:00 PM

Total loss for this week on sim trying out the newest indi's I had downloaded was in the neighborhood of 27k. I lost everything I had made and was up the last 3 weeks and a little of the base capital. I hope for the best next. Going back to what was working for me just using PA only.

Gotta have/use a method that works and have good RM & MM.

March 23rd, 2012, 08:43 PM

On April 1st I am going to reset my sim account balance to reflect what I am planning on trading with live and then try to perfect my method accordingly. I feel this will be a next crucial phase in my development as a live money trader. I have been in there live already x 2 and it was not good however I did not have the method I trade presently ( hell I didn't a method at all).

Then we'll see if what I am doing can make money for me IRM. If it can then I will think about returning to the live market at the end of my working season provided I can gain the capital needed to recap my trading account with a decent amount of capital. I have the figure in my head so I am going to trade it on sim and make it work.

If it is not possible then I just continue to trade sim and be CP everyday until such time as I can trade again IRM.

I am in no hurry this time!!!

March 23rd, 2012, 09:19 PM

This is one of the ugliest charts I have ever been on. Did it to myself.

March 23rd, 2012, 09:56 PM

OK Mike I get how to use it now.

March 26th, 2012, 11:30 AM

Lesson learned in that gotta watch how hard I click the mouse. I ended up with a 20 car trade when I only wanted 10. Notes are on the chart. Went over to ZW and missed the open as the gardener ( my sister) was here cutting in a new bed and I was outside talking to her about the design. Newbies lurking? Always be completely focused on your trading. NO distractions. They can cost you. Always know where you are on your chart at all times! Good lesson I learned today was that I can reverse a trade and have it work for me. I did it twice today and although I got stopped out I WAS right to do it.
All said and done it was a losing day for -300 and considering the errors it could have been a loooooot worse.

March 27th, 2012, 10:20 AM

Just having a really hard time of it today in there so I am stopping now while I am up. Took more trades today than normal and started to over trade so time to stop. Chart is down there. It's ugly but there's some money there. +1125 for the day. Albeit the ugliness. Knowing when to stop is one of the hardest things to get in your head AND TO DO. Not even bothering with ZW today.

March 28th, 2012, 06:51 PM

Only took a couple of trades this morning as I had a project scheduled for today. Almost fell for the ole trap and slap but not quite. Glad I quit when I did. Ended up with +337.50 for my troubles this morning. Then in the afternoon I had a killer day at the gig albeit mega wind, A tidy little $1000 profit in 5 hours. Not too bad!!! Chart is down there.

March 29th, 2012, 09:20 AM

Took 4 ticks of heat on trade 3 before it went into profit. I didn't like it however it is what it is.
3 trades today on sim for a total of $1750. Charts with notations and the final chart with just markers are down there.

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