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iqGod's Own Country

  #141 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097

Today's net profit is $205 and account is up and stands at +$30,402. (Side tidbit: TST has applied reduced commissions from today! $3.68 per RT instead of older $5)

Here is a snapshot of the trades:





Here is the last of the trades followed by the stats:



Note that for the last buy I entered prematurely and hence had to endure drawdown twice.

Moral: never act out of your turn, let the market lead in the tango so that you know your steps and confidently fling yourself so that your trust that you will fall into its arms leads you naturally.

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  #142 (permalink)
 
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 Scalpingtrader 
Hanover, Germany
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... but don't let him lure you into a dance where there is no music...

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  #143 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
Legendary Market Wizard
 
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Scalpingtrader View Post
... but don't let him lure you into a dance where there is no music...

Fantastic! Thanks for that!

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  #144 (permalink)
 
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 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
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Thanks Received: 3,097

The account is up by $9 today after one trade and stands at +$30,411.

I took one trade and have decided to stop as a punishment.

I entered way too early with the excuse that I 'sensed a setup' then watched drawdown and then finally saw a block break long setting up at the bottom of the range which would have yielded my 6 ticks.



The punishment is quite necessary today so that I can stay focused.

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  #145 (permalink)
 
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 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
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Thanks Received: 3,097

Due to 'punishment mode' missed this beautiful block break vacuum to round number long:


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  #146 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097

I punished myself enough - this is the secong setup I itched to take but "couldn't" because of my self-decided punishment. I watched two setups form in real time without "access" to my trading platform.

I've been taught the lesson of how stress free trading becomes when you take all valid setups, place stops and then watch as tipping points move the stop in the trade's direction till target is reached OR tipping point is taken out.

The mind is clear.


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  #147 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
Legendary Market Wizard
 
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Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
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Still smarting from not being "allowed" to have taken those two $200 trades. :-)





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  #148 (permalink)
 
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 bobwest 
Western Florida
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iqgod View Post
Still smarting from not being "allowed" to have taken those two $200 trades. :-)


LOL.

Never saw this before....

Good job so far on the Combine, too.

Bob.

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  #149 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
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Thanks Received: 3,097

Am playing way too defensive:



Post hasty exit it went on to reach twice its target:




A trader's basic principle is not 'preserve thy capital'. It is 'embrace risk'.

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  #150 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097


I did not get serious screentime in today, hence had to cover my ass by offsetting that breakeven trade by taking a one tick winner and running back to my busy life. So Day 5 is a single digit figure profitable day.

Better to be plateauing rather than being on a downtrend, so no complaints. Also got to love myself more so that I could focus and complete what I have st to do.

Meanwhile I just took a winning trade on the ES, a perfect Bob Volman setup (edit: on my real account, not TST):


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