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

  #501 (permalink)
Market Wizard
Murrells Inlet SC
 
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bmtrading9 View Post
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Just no words...still profitable for the year and that consistency seems to be very very very far and totally out of reach now.

Looks to me like you are not maximizing your winners. Everyone naturally wants to focus on those red bars- my focus is on the very small size of the blue ones- if the Reds can be that big, so can the blue. When you are "on"
, exploit it for everything you can. Some days you just know that you are feeling the market correctly and everything you do just works- on those days keep playing and adding size when/ where ever you can. By doing this exploitation thing, when you have a real shit day or a string of them, they are more than compensated for so not very damaging to your overall results.

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  #502 (permalink)
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Inletcap View Post
Looks to me like you are not maximizing your winners. Everyone naturally wants to focus on those red bars- my focus is on the very small size of the blue ones- if the Reds can be that big, so can the blue. When you are "on"
, exploit it for everything you can. Some days you just know that you are feeling the market correctly and everything you do just works- on those days keep playing and adding size when/ where ever you can. By doing this exploitation thing, when you have a real shit day or a string of them, they are more than compensated for so not very damaging to your overall results.

I know exactly what you are talking about, I do have that feeling both when I am wrong or right...my voice keeps telling me get the hell out get the hell out when I am wrong and at same time when I am right it says damn fool add it add it but FEAR overrides that voice...I am going to follow a plan (yes I do have a plan )

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Last edited by bmtrading9; April 3rd, 2016 at 11:31 PM.
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  #503 (permalink)
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I wanted to get short at 17710 or 17700 (based on P&F chart) but couldn't dare/catch those levels in the morning
and saw price drop to pivot and bounce but somehow dared in the afternoon to catch a short at
17690 with price target of 17600 but didn't get there and started bouncing so closed it at
17645.

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  #504 (permalink)
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bmtrading9 View Post
I know exactly what you are talking about, I do have that feeling both when I am wrong or right...my voice keeps telling me get the hell out get the hell out when I am wrong and at same time when I am right it says damn fool add it add it but FEAR overrides that voice...I am going to follow a plan (yes I do have a plan )

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I know that, for me, when it feels like a constant fight or if I were playing the other side it would be a lot "easier"( hard to explain) that I am fighting the market and I need to alter course- I did this Friday until mid day- caught a little reward and flipped to join the party but I never really " felt great" about either side and never really made much out of a perfect trend day. My bias was definitely in the way so I did not capitalize on the reality of what was unfolding in front of me and I knew it without question, sometimes you just can't get on board mentally- best to play it small or step aside IMO bcuz all the evidence in the world won't change your inner thoughts. On the other hand, today's short side felt great- It didn't go very far but I was all over it with confidence (and size) and made 5x more than Friday's perfect trend day that in hindsight should have yielded 10x what today did. Hope those examples help- that stuff always puzzles me- brain getting in the way of reality

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  #505 (permalink)
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Everything down overnight as expected. Since FOMC is tomorrow and some FED speakers are scheduled to speak tomorrow (We know what happens atleast before that when we are down) and we are near ETH ADR_L's on all four indices. I will try to catch the reversal at ADR_L on either YM or NQ or the strongest one, then try to sell the rips.

Edit: Wow! just noticed quietly ZN and USDJPY put nice moves and indices are diverging big time wrt these two.

Edit: Damn it did any of indices reach ADR_L? on TOS I see only ES was close something wrong with my ADR?

ES ETH ADR_H = 2057.09 and ADR_L = 2035.16

No trades as of now, just starring at my screen with disbelief that plan kind of working but I am in any trades...happens one of those days.


Last edited by bmtrading9; April 5th, 2016 at 12:00 PM.
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  #506 (permalink)
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volatility seems to be returning so it is better not to expect trend trades and should be quick and willing to take more risk by widening stops else algo's will get your stop for sure. Try to buy or sell based on P&F and pivots but I will wait for FOMC and oil inventory report.

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Last edited by bmtrading9; April 6th, 2016 at 10:30 AM.
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  #507 (permalink)
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Unbelievable today is second day just starring at my screen with disbelief that plan kind of working out but of course without me. In my defense I am taking care of a sick child at home.

I am aware price will make wild moves at flat MA's but this is way wild though...


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  #508 (permalink)
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Third day can't take it anymore so entered long YM 17470 before lunch with 100 points trailing stop told myself don't let this go against you if breaks below Yesterday's low (17452+) but didn't keep a hard stop there and price rallies to 17515 I said wow something working out, what I didn't consider at that time is that was a counter trend trade and book profit(but but this worked last two days with a bang...) or I should have at least moved my stop to breakeven didn't do it thought price will comeback as it's too oversold but it got my trailing stop at 17420. I got in again at that level and also was able to catch NQ at 4455 and got out quickly 4465 and scratched YM for breakeven. Meanwhile oil made nice end of day rally from my level of 36.90 and I missed that.I will try to post charts later. ..I am liking this P&F charts to identify clear levels.

So lost $40 for the day after all this...

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Edit:

Missed

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Lost (didn't take profit at vwap and didn't use hard stop instead let trailing stop hit)

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Got lucky

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Last edited by bmtrading9; April 7th, 2016 at 09:17 PM.
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  #509 (permalink)
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I just want to forget about today, I just over traded can't even remember how man contracts but my broker will be a very happy person and I did came out positive for the day and for the week...I see the pattern getting unwinded again in front my eyes, at some point in near future I will get tired of daytrading/scalping and says screw this let's go back to swing/positional trading and hold on to the losses, In the hope of recovering those losses I keep holding loosing position and praying/hoping and kicking myself for not closing when breakeven or small loss...

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  #510 (permalink)
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CL - Freaking bullish


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Can anyone see any bearishness in these charts? (but hey this oil so we never know) BTW, I don't like trend lines, those are experimental lines in SC. Seasonality screaming buy oil. Plan is to buy QM on weakness.

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