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Breakout Journal - a journey to full time trading


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Breakout Journal - a journey to full time trading

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  #131 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,915 since Feb 2011
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Edit: Testing auto post on live data. This trade is in sim account.

Live Trades for: 12/30/2012 0:00:00 AM Time: 17:39:14

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  #132 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,915 since Feb 2011
Thanks: 5,460 given, 4,587 received

Live Trades for: 12/30/2012 0:00:00 AM Time: 21:15:0 Auto post

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  #133 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,915 since Feb 2011
Thanks: 5,460 given, 4,587 received


Live Trades for: 12/30/2012 0:00:00 AM Time: 21:37:3 Auto post

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  #134 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,915 since Feb 2011
Thanks: 5,460 given, 4,587 received

Live Trades for: 12/30/2012 0:00:00 AM Time: 22:5:14 Auto post

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  #135 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,915 since Feb 2011
Thanks: 5,460 given, 4,587 received

Live Trades and notes for: 12/31/2012 Time: 7:54:36 Auto post

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  #136 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,915 since Feb 2011
Thanks: 5,460 given, 4,587 received

Live Trades and notes for: 12/31/2012 Time: 7:57:10 Auto post

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  #137 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,915 since Feb 2011
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Live Trades and notes for: 12/31/2012 Time: 7:59:21 Auto post

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  #138 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,915 since Feb 2011
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Live Trades and notes for: 12/31/2012 Time: 8:49:3 Auto post

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  #139 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
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Posts: 1,915 since Feb 2011
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GC Morning
+29 ticks

Overall it was a good day. I made mistakes today but was fortunate enough to end up positive for the day.

I knew today was going to be a slow morning yet I played my targets as if was a regular day. If I had to do it over again I would have set my target lower and had just one target. Lesson learned.

I took my lumps on the second trade. I was trying to play the breakout of the 200 SMA. When I placed my stop entry order I placed it to close to the current price. As I was trying to move stop further away I got filled. One more second and the trade would have never happened. The second mistake I made was not immediately closing it out. I didnt want to be in at this price. I was holding on to "hope" that it would turn positive.

The final trade of the day I entered on the trend line break. The price went to within 1 tick of my first target and reversed. It reversed quickly so I had to close it out manually.

I am using a new tool to post charts directly to my journal. Thanks to @vvhg and @Big Mike for putting the time and effort in to make it happen. It is awesome! I will be able to post what I see in real time.

Robert

What was the best thing that happened to me today:
  • I followed my rules.
  • I clearly saw my entries today.

What was the worst thing that happened to me today:
  • When I got filled on a trade at a price I did not want, I did not close out the trade. I let it go in the "hope" it would go higher. This cost me ticks.






nosce te ipsum

You make your own opportunities in life.
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  #140 (permalink)
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 1,915 since Feb 2011
Thanks: 5,460 given, 4,587 received



Silver Dragon View Post

I took my lumps on the second trade. I was trying to play the breakout of the 200 SMA. When I placed my stop entry order I placed it to close to the current price. As I was trying to move stop further away I got filled. One more second and the trade would have never happened. The second mistake I made was not immediately closing it out. I didnt want to be in at this price. I was holding on to "hope" that it would turn positive.

What was the best thing that happened to me today:
  • I followed my rules.
  • I clearly saw my entries today.

What was the worst thing that happened to me today:
  • When I got filled on a trade at a price I did not want, I did not close out the trade. I let it go in the "hope" it would go higher. This cost me ticks.

Going to revise this a little. The second trade I should not have taken. It kinda fell into the criteria of a breakout but really didnt have a good setup. This was a bad trade. I removed "I followed my rules" from the best thing that happened today.

I realize now the importance of entry rules. When I follow them the profits are higher and losses are smaller. It took a long time to figure this out..

I forgot to post my trades in the previous post. I updated the previous post to include them.

Robert

What was the best thing that happened to me today:
  • I clearly saw my entries today.

What was the worst thing that happened to me today:
  • When I got filled on a trade at a price I did not want, I did not close out the trade. I let it go in the "hope" it would go higher. This cost me ticks.

nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal
The following 2 users say Thank You to Silver Dragon for this post:

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