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
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.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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