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

  #531 (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: 2,826 given, 1,960 received
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Even after doing good this month I am feeling bad because I couldn't maximize my profits on my trades to cover shitty days but at-least I am green this month. Today didn't trade much just closed that oil short after taking heat in the morning but again didn't maximize it because I couldn't watch this market. I didn't dare to take any other trade because I don't want to give up profits

Have a good weekend.

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  #532 (permalink)
Elite Member
Sarasota FL
 
Futures Experience: Intermediate
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bmtrading9 View Post
Even after doing good this month I am feeling bad because I couldn't maximize my profits on my trades to cover shitty days but at-least I am green this month. Today didn't trade much just closed that oil short after taking heat in the morning but again didn't maximize it because I couldn't watch this market. I didn't dare to take any other trade because I don't want to give up profits

Have a good weekend.

Green is good.

Bob.

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  #533 (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: 2,826 given, 1,960 received
Forum Reputation: Legendary

April 2016


My April results

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Except that one day, i did good in controlling myself. I clearly remember the agony of that day, I fought that uptrend like a mad dog and finally give up by put a stop order and that stop order is still the highest tick on YM. After stopping me out on 2 contracts on YM, market dropped like rock.

1. Was able to minimize the losses (except that day, at the end I am still right in my thinking but loss was huge)

2. Not able to trade some levels as I wish due to work commitment etc etc

3. Was not able to maximize by being in the trades (Of course hindsight analysis)

4. Still suffering with that CONFIRMATION syndrome

5. Still taking multiple trades just need to get in one trade and ride along the wave is key. Talking about multi-day swing (I guess only way to do is etf's not futures)

Main goal atleast for this week is

Place limit orders and stops as per method and let market prove me wrong.

Thanks everyone it's a never ending journey, my thinking right now is maybe the end is near or maybe I am still dreaming

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  #534 (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
Thanks: 2,826 given, 1,960 received
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Had to wake up middle of night saw only one potential trade on CL so took short QM at 45.50 with one point stop, as usual I was early but not wrong so held on to it, shouldaaa couldaaa wouldaaa added to it but hey when did I do it right so didn't added it but glad it did worked out in my favor.

I am looking at daily chart and thinking of 43 target but don't know so I might take it out at ADR_L or 44

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Edit: This struggle of protecting profits or hold on to the trade longer continues so I close my short of QM from 45.50 at 44.85 for 65 ticks.


Last edited by bmtrading9; May 2nd, 2016 at 02:58 PM.
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  #535 (permalink)
Market Wizard
Dallas, TX, USA
 
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Posts: 1,744 since Mar 2013
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bmtrading9 View Post
Had to wake up middle of night saw only one potential trade on CL so took short QM at 45.50 with one point stop, as usual I was early but not wrong so held on to it, shouldaaa couldaaa wouldaaa added to it but hey when did I do it right so didn't added it but glad it did worked out in my favor.

I am looking at daily chart and thinking of 43 target but don't know so I might take it out at ADR_L or 44



Edit: This struggle of protecting profits or hold on to the trade longer continues so I close my short of QM from 45.50 at 44.85 for 65 ticks.

I am sick and tired of my inability to stick for longer trades (or atleast hold on to my targets...can't fix a moron. I shouldaaa re-entered nothing indicated that I am wrong.

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  #536 (permalink)
Market Wizard
Birmingham UK
 
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bmtrading9 View Post
I am sick and tired of my inability to stick for longer trades (or atleast hold on to my targets...can't fix a moron. I shouldaaa re-entered nothing indicated that I am wrong.

Bizarre isn't it. I have now reached a stage where I enter well enough to get most of my trades down to neglible stops and I still can't leave the buggers alone. I share your frustration, but no morons are involved - just human tripartite neural conglomerate structures that got trained for everything that isn't trading, and it's hard work undoing it.

Travel Well
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  #537 (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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Put a limit buy to open on YM at support 17468 (I know it's counter trend but it's hard pass this level, let's see if we get there). As per my charts Oil should found resistance at 44.55 and 45.50, if it oscillates around 44, I have to buy it for short term because seasonality favors long on oil.

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  #538 (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: 2,826 given, 1,960 received
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ratfink View Post
Bizarre isn't it. I have now reached a stage where I enter well enough to get most of my trades down to neglible stops and I still can't leave the buggers alone. I share your frustration, but no morons are involved - just human tripartite neural conglomerate structures that got trained for everything that isn't trading, and it's hard work undoing it.

I totally agree sir, we have to re-wire some of the deepest/complex wiring in our brains to be able to properly think and act in this trading business. If you see my previous posts, I keep on telling this is my level that is my level like the talking heads on TV but never able to capitalize fully but I am glad that at-least I am controlling my losses to minimum but still long way to go. I am determined to go as long as it takes


Last edited by bmtrading9; May 4th, 2016 at 11:40 AM.
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  #539 (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: 2,826 given, 1,960 received
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bmtrading9 View Post
Put a limit buy to open on YM at support 17468 (I know it's counter trend but it's hard pass this level, let's see if we get there). As per my charts Oil should found resistance at 44.55 and 45.50, if it oscillates around 44, I have to buy it for short term because seasonality favors long on oil.

Oil report changed my view on oil so

SOLD 1 QM Jun'16 @NYMEX @ 43.75 with ONE point stop, It is near indecision point but I am betting towards downside.

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  #540 (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: 2,826 given, 1,960 received
Forum Reputation: Legendary



bmtrading9 View Post
Oil report changed my view on oil so

SOLD 1 QM Jun'16 @NYMEX @ 43.75 with ONE point stop, It is near indecision point but I am betting towards downside.

Hmm...that was not what I expected, kind of flat now. Amazing how market tricks me.

Sent from my SAMSUNG-SM-G900A using Tapatalk

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