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A Cowboy's Trading Journal
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A Cowboy's Trading Journal

  #31 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
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bmtrading9 View Post
Bought oil (QM December at 43.00) for a swing, planning to add if it goes down again...

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  #32 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
Thanks: 2,824 given, 1,960 received
Forum Reputation: Legendary

How to improve?

08/17 YM Short -> 17465 closed at 17490 lost 25 points (Hindsight this would have worked have but stop is stop)
08/17 YM Short -> 17481 closed at 17481 gained 10 points (Hasty entry and exit, hindsight would have worked very well but FOMC prevented me taking short overnight)
08/17 ES Short -> 2095.75 Closed 2069.5 gained 26.5 handles (Hasty entry)
08/17 ESZ5 Long -> 2090 Closed 2068.25 lost 21.75 handles (Approaching FOMC forced me to close the position)
08/19 ES Long -> 2069 Closed 2075.25 Gained 6.5 handles (Approaching FOMC forced me to close the position)

Overall managed to pull 10 handles since I started the journal but key is at hindsight every trade is a BIG winner if I wouldaaa couldaaa hang on to trades this is what happening to me all the time....

Few things I can remember

1. I am kind of emotional and afraid of shorting why? I lost a bunch shorting at highs before that is having tremendous influence on my trading even-though days are different now...

2. Position size (I am not sure why I am afraid even with one lot)

How to overcome

1. By being extra extra careful while shorting or just eliminate shorting from the trading

2. By refining my entry points using Volume Foot Print and CumDelta studies

Any help appreciated....

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  #33 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
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What are your strengths and weaknesses?

What are you doing right, what are you doing wrong?

Your journal is only 4 pages long, but in the future it will be very important to review the journal regularly. For example, every weekend read the prior two weeks journal entries. Every month, read the prior two months.

It is only when you read them that you will start to notice patterns. These patterns are key to understanding how to improve.

Mike

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  #34 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
Thanks: 2,824 given, 1,960 received
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Crude Monthly

May be I am looking for reasons for my crude entry yesterday but this is what I was looking even before the entry...I have a plan to add at 35 and 38 plan to buy UCO stock.
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  #35 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
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ES levels

2056, 2046 and 2036 ...+/- 2 handles

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  #36 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
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Short Gold

Entered DUST 200 shares at 20...feeler...I am bullish on gold but someone have to take profits here, let's see.

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  #37 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
Thanks: 2,824 given, 1,960 received
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ES long at 2053 seeing some buy absorption will get out quickly, if I see slam down again or maybe add at 2036

Edit: Put a stop at 2050

Edit: Not convinced that bottom is in here for a reversal yet, it seems sellers are not done yet but keeping my stop.


Last edited by bmtrading9; August 20th, 2015 at 12:08 PM.
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  #38 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
Thanks: 2,824 given, 1,960 received
Forum Reputation: Legendary


bmtrading9 View Post
ES long at 2053 seeing some buy absorption will get out quickly, if I see slam down again or maybe add at 2036

Edit: Put a stop at 2050

Edit: Not convinced that bottom is in here for a reversal yet, it seems sellers are not done yet but keeping my stop.

Crap my gut was telling me get the hell out at breakeven but didn't listen hence paid 3 handles...

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  #39 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
Thanks: 2,824 given, 1,960 received
Forum Reputation: Legendary

Got in again at 2047.75 planning to add at 2036 maybe tomorrow.

Edit: Selling resumes it seems wrong entry...

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  #40 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
Thanks: 2,824 given, 1,960 received
Forum Reputation: Legendary

Day's summary


Shorted 400 NUGT at 5.09 and closed for 5.00

Long ESU5 Sep at 2040 so have two ESU5 avg of 2044 - Had chance to get out break even but kept it instead

hedged with long ESZ5 2032.50 looking for ESU5 for 2030 then reverse

Overall tough day...

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