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

  #401 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
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Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
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bmtrading9 View Post

Now I am short again at 16400 with 100 point stop, want to hold it but with every rip/dip I start questioning my thesis... but if somehow I take my whatever loss or profit it goes in my direction making me wonder why didn't I stick to my plan....

Happening right now, closed my short at 16300 wanted to hold it till the target put an OCO order to close it 16230 but intervened manually and closed it because I saw these gyrations overnight and couldn't hold on to it but anyway it's approaching support levels too so not a bad one.

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  #402 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
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Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
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bmtrading9 View Post
Happening right now, closed my short at 16300 wanted to hold it till the target put an OCO order to close it 16230 but intervened manually and closed it because I saw these gyrations overnight and couldn't hold on to it but anyway it's approaching support levels too so not a bad one.

Amazing my target reached, of course without me.

Sent from my SAMSUNG-SM-G900A using Tapatalk

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  #403 (permalink)
Elite Member
Winnipeg, Canada
 
Futures Experience: Intermediate
Platform: Sierra Chart
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Forbes Welcome

This article I found insightful about looking at missed opportunities or losses.

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  #404 (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: 2,825 given, 1,960 received
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Closed my TZA also...Big question is now trade or not to trade? I have vacation coming up, I meet my weekly goal but last week is a loss though so kind of breakeven for last two weeks...

Analysis

My prediction right on but just couldn't execute properly (same story another week).

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  #405 (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
Closed my TZA also...Big question is now trade or not to trade? I have vacation coming up, I meet my weekly goal but last week is a loss though so kind of breakeven for last two weeks...

Analysis

My prediction right on but just couldn't execute properly (same story another week).

Got back into TZA again...and short YM too with 100 point stop.


Last edited by bmtrading9; February 24th, 2016 at 01:29 PM.
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  #406 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
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bmtrading9 View Post
Got back into TZA again...and short YM too with 100 point stop.

Wow! from where that volume is coming? flat...should have gone to vacation already

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  #407 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
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Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
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bmtrading9 View Post
Wow! from where that volume is coming? flat...should have gone to vacation already

Well that was not fun...

Edit: Gave up all the gains...this is bothering scenario definitely didn't see reversal coming with this pace. Didn't loose much and still profitable for the week but now I am way below my target for the week and vacation coming up, I have two trading days left to make it up, I am not saying I am going to force myself in these two days but today is depressing even-though I didn't loose but I lost confidence. In between I was long also but just to freak out and once I saw UVOL coming up I had a long too but just couldn't hold on to it and kept shorting.

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Last edited by bmtrading9; February 24th, 2016 at 03:54 PM.
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  #408 (permalink)
Elite Member
Murrells Inlet SC
 
Futures Experience: Advanced
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bmtrading9 View Post
Well that was not fun...

Edit: Gave up all the gains...

Sent from my SAMSUNG-SM-G900A using Tapatalk

We all have our moments. I would love to know just what you were thinking today? Was it fear of missing a move?

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  #409 (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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Inletcap View Post
We all have our moments. I would love to know just what you were thinking today? Was it fear of missing a move?

Yes sir, fear of missing/skeptical/waiting for confirmation all along...

1. I had a short overnight covered it early around 4 AM for around 100 YM points or 10 ES handles (I was not awake all night just saw in between that's all...). Within 30 mins price reached my target.

2. Covered TZA (Russel short) in the morning did good there

3. Then saw Oil rip but UVOL was not confirming the move so ES came down as expected, my mistake was to expect price to continue downwards (thought of retail bus trade because retail would have bought from that down move).

4. Added a long at the pull back to VWAP at 1904 (I have to wait for these kind of trades in future) but sold immediately because my bias was bearish because of overnight strength in selling and previously this kind selling fueled further selling...

5. Oil didn't move that much, waited, waited and then shorted just before the rip (bummer) then covered and added a long because I don't want to miss the upside move but sold for few points didn't expected this powerful move.

6. From this point onward took few revenge and fear of missing downward move trades and finally gave up and call it a day because I can't take it anymore

7. Overall flat day but that's depressing as I gave up all my profits (Previously I would have hold on to the losses forever, it's the only positive sign ). But overall profitable for the week.

Maybe this will help someone too...

Thanks for asking...

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  #410 (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: 2,825 given, 1,960 received
Forum Reputation: Legendary



bmtrading9 View Post
As mentioned in ES thread I am short Russell using TZA and short YM from 16572 with a trailing stop of 100 points and initial plan was to add at ADR_H (16630) but as I always do I missed that add....

Damn looks we are going to go there within one day....

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