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Five A Day


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Five A Day

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  #201 (permalink)
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
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Posts: 3,652 since Dec 2012
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Usual post lunch haze left me with 5 winners and 4 losers for bugger all (+0) to end the day in the Sprint account - Tosspot.
However, I did manage to eagle-eye a single small p.m. short for +28T in the main account (with just -10T stop so 2.8 R/R is where we want to be), first time that's been out for a while, so a fair enough end to yet another chopfest day.

A larger move move could start at any time but when range bound play for the range to continue until it doesn't, so I don't mind if I've missed a sitter.

Main Lesson: I don't trade well after food, so why not stop it.

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  #202 (permalink)
Birmingham UK
 
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Sludge continues as expected, tough morning when I can't even see any Sprints worth taking. *If* one of the prior weekly highs was a 'B' wave high then we can still fly higher from anywhere in the next extended 3rd wave North but I would have preferred us to have traded 1732 first before starting new weekly extensions. Otherwise bulls still seem vulnerable to a hiccup or more to me. We shall see, said the blind man. Clues might come better from the Dax - to terminal or not to terminal.



Piffle.


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  #203 (permalink)
Birmingham UK
 
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Done for the day with just 4 Dax Sprint trades, 3 careful winners and 1 tossy loser for a net +28T to complete a solid week with a final total of +180T in the two accounts combined, best I've managed for a long while and I think not in great trading conditions so I'm happy with that.

The usual obligatory tosser was an overly cute counter-trend trade, as per my tendency, but I had a noticeable calmness today and waited patiently for the others. However, I did notice a little more hesitation creeping in after this recent good run, be interesting (or not) to see how that develops next week.

For my benefit this journal has always been more about dealing with my psychology than anything else, that will continue to be my main work area I have no doubt. On the other hand I've never kept statistics records before but thanks to futures.io (formerly BMT) I will make a simple start here that may become more sophisticated if I progress into next year. For now after 12 days and 160 Sprint (2m time scalp) trades the most recent normalised sweetie jar looks ok:





I've had a *lot* of really ugly looking ones in the past but this time I'm hoping I've got all the big drawdown out of the way early on.

It has been a good start to a self-imposed hard core evaluation for a major TtoQ decision, so far it looks positive and I can start to plan for next year on the current discretionary approaches and restart the automation of some strategy ideas as well. We'll see. Really need to get the main account out of bottom gear as well.

I would like to say thank you to all on futures.io (formerly BMT) that make this long, hard, lonely slog not quite so lonely - cheers and have a great weekend!

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  #204 (permalink)
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
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Posts: 3,652 since Dec 2012
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No difference in situation from last week so new charts. Dax moving but still sluggish while ES in limbo so stayed with the Sprint scalps. Tired now so finished for early sessions with 7 winners and 2 losers for a net +72T and a decent start to the week. Might take a gander at the US tonight, should know better, la, la, la.

edit: Post-dinner didn't open the trade platform, just played and planned. Discipline! Moi?

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  #205 (permalink)
copenhagen denmark
 
 
Posts: 24 since Oct 2013
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Whats the indicator called you got on the first Picture?

 
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  #206 (permalink)
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HenryandSteen View Post
Whats the indicator called you got on the first Picture?

Hi, if you mean the first picture in the thread it's just a self-made 5/30/60 minute opening range builder, there are several others already published on futures.io (formerly BMT) e.g. from @Fat Tails and other genii, so it's unreleased. If you mean the first chart on this page then it's just the built-in Ninja Fibonacci Retracements tool (F8) with it's default template re-configured for my preferred forward and reverse gears.

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  #207 (permalink)
Birmingham UK
 
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Messed around trying to manufacture trades but finished the session with 3 winners, 2 losers, net just +8T. It was more fun getting the customary birching and flogging from the blonde hygenist this morning.

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  #208 (permalink)
Birmingham UK
 
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This post hurts, I mean really hurts. This is the post that makes you wish you had never started a journal and agreed to make it honest. I hope it hurts enough to make me learn something from it.

After 5 trades this morning I was up +8T. After a further 5 trades this afternoon I was up another +44T. Why didn't I stop there? I have no idea. Stupidity, greed, who knows.

I decided to switch to the Dow and almost immediately the red mist descended, the red mist that still leaves major question marks over my head in the attempt to answer the TimeToQuit decision. In an absolute maelstrom of trades I finally crawled away, down -134T after trading for an hour like a complete idiot, staring at a screen that was telling me exactly what to do and just blindly doing the opposite, continuously.

I could have, should have, switched bias or just walked at any point. I failed miserably, totally to do so. A trader would have easily switched or shut it down and walked. Good analysis or a sophisticated system won't help me one little bit if I simply can't behave like a trader needs to and accept the one and only greatest statement on any damn screen - the sodding trend.

Until I can totally deal with these issues, I am no trader, not even close.

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  #209 (permalink)
copenhagen denmark
 
 
Posts: 24 since Oct 2013
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ratfink View Post
This post hurts, I mean really hurts. This is the post that makes you wish you had never started a journal and agreed to make it honest. I hope it hurts enough to make me learn something from it.

After 5 trades this morning I was up +8T. After a further 5 trades this afternoon I was up another +44T. Why didn't I stop there? I have no idea. Stupidity, greed, who knows.

I decided to switch to the Dow and almost immediately the red mist descended, the red mist that still leaves major question marks over my head in the attempt to answer the TimeToQuit decision. In an absolute maelstrom of trades I finally crawled away, down -134T after trading for an hour like a complete idiot, staring at a screen that was telling me exactly what to do and just blindly doing the opposite, continuously.

I could have, should have, switched bias or just walked at any point. I failed miserably, totally to do so. A trader would have easily switched or shut it down and walked. Good analysis or a sophisticated system won't help me one little bit if I simply can't behave like a trader needs to and accept the one and only greatest statement on any damn screen - the sodding trend.

Until I can totally deal with these issues, I am no trader, not even close.

Trading is dirty. Stop trying to be something you are not . When I win Money my mind goes AFCKING wild .. I let it go wild .. and I love it

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  #210 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
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ratfink View Post
down -134T

Shit happens...

Dear @ratfink - book it as investment - and forget it!
Trading from beginning of the session - you make some nice gains - cash them
in and get out of retailers noisy afternoon...

GFIs1

Market will be there TOMORROW

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