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ash's top step trader journal

  #21 (permalink)
 ashfsderse 
Duluth, georgia united states
 
Experience: Beginner
Platform: NT7
Trading: emini ES
Posts: 70 since Apr 2016
Thanks Given: 10
Thanks Received: 52

I did end the day 97.72 positive but i didnt get there by being a good trader. i started the day saying i wanted to trade well, but i ended up trading larger contracts and looking to win back losses.

The things i know i need to work on now.

-I am very stubborn and when my plan does not work i keep trading it anyway and accumulate multiple losses within the same direction.
i must learn to reevaluate the market after every trade instead of seeing the market from just my early predictions.

-Control my risk use a smaller stop loss and pick better entries i have to be patient and enter trades when i can see the setup instead of entering in expectation of a setup.

- learn to let a trade go if i don't see enough proof.

On a side not im wonder if i should trade a different instrument with smaller tick sizes to get used to risk control so i wont be so emotionally attached to my trades. i do only trade 1 contract at a time but even still

As is my strategy is a 4 tick stop loss with entry on a clear pull back to EMAs using up down volume, time and sales, and larger time frames to reinforce my desicions. looking for 2 point targets or more depending on measured moves and support levels.

What i want to work on first:
i feel that what makes me go into an impulsive unclear trading attitude is less about losing money but more about how quickly i lose. if i lose 4 trades over a few hours i will call it a day and just come back tommorrow but if i lose 4 trades within the first 30 minutes then i almost always get into revenge trading.

Steps i want to take are to space out my trades and be more patient with picking and choosing my entries
and plan b if i do lose too much quickly remind myself to quit anyway because if i lose that quickly im not in the right head space and i should quit now and save myself some time and stress.

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  #22 (permalink)
 ashfsderse 
Duluth, georgia united states
 
Experience: Beginner
Platform: NT7
Trading: emini ES
Posts: 70 since Apr 2016
Thanks Given: 10
Thanks Received: 52

gasp the markeet did end up coming down to the high 80s for support and stalled just as i thought

but i think the most important part of predictions is not whats going to happen but when and how fast

just another point proving that i am still young and impatient.

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  #23 (permalink)
 ashfsderse 
Duluth, georgia united states
 
Experience: Beginner
Platform: NT7
Trading: emini ES
Posts: 70 since Apr 2016
Thanks Given: 10
Thanks Received: 52


Very volatile market today. i went from being up 2 trades to giving it all back in a matter of minutes think ima try to avoid today.

as for charts it just seems its just trading a range but the range seems to have a a lot of random movements. a potential reversal after all these bear days?

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  #24 (permalink)
 ashfsderse 
Duluth, georgia united states
 
Experience: Beginner
Platform: NT7
Trading: emini ES
Posts: 70 since Apr 2016
Thanks Given: 10
Thanks Received: 52

market slowed down to what im used to now. im currently 50 dollars down hoping to take 1 or 2 more trades and calling it a day

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  #25 (permalink)
 ashfsderse 
Duluth, georgia united states
 
Experience: Beginner
Platform: NT7
Trading: emini ES
Posts: 70 since Apr 2016
Thanks Given: 10
Thanks Received: 52

Looking at the ten minute chart alone it looks pretty crazy but looking at the tick chart it looks a lot more clear. its trading mainly in a range but slowing jumping up to new support resistance zones.

i started the day off pretty good with two two point trades right away . but shortly after i got caught in some chop. My target would get touched but not filled then immediately reversed to stop me out a few times or i would get a stop under a lower low or higher high get hit only to have it go back into my intended direction.
I was getting into a revenge trade mood but was able to catch my self rexamine the charts a bit and get 4 decent trades in a row to end the day with 100 dollars.

a few mistakes i made were trying to win back losers not sitting out when i saw volatility and noise.

constantly entering trades rather than picking in choosing.

increasing my size and scaling in when i told myself i will just stick to single contracts.


A few good things i did.

actually the only good thing i did was to catch my self revenge trading take a breath and make modest trades with good signals.

below is a picture of my ten minute chart, and i circled the trade areas i participated in on my tick chart

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  #26 (permalink)
 ashfsderse 
Duluth, georgia united states
 
Experience: Beginner
Platform: NT7
Trading: emini ES
Posts: 70 since Apr 2016
Thanks Given: 10
Thanks Received: 52

almost forgot to post today. i refreshed everything last night and came to see a huge gap, probably due to the clinton fbi release. i wanna say the market may go back down soon but i am unsure. Will try to trade small and potential stop early today because of uncertainty. this entire week may be crazy with elections and all

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  #27 (permalink)
 ashfsderse 
Duluth, georgia united states
 
Experience: Beginner
Platform: NT7
Trading: emini ES
Posts: 70 since Apr 2016
Thanks Given: 10
Thanks Received: 52

wow this is the most text book trend day ive experienced so far haha. goes up hits resistance pulls back breaks resistance goes up and repeat. market just keeps going up and pulling back into the ema. just took a few longs should have held for a big move but got 112.50 profit today. im beginning to get into a cocky mood and i'm also worried about a reversal haha should stop and just watch now.

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  #28 (permalink)
 ashfsderse 
Duluth, georgia united states
 
Experience: Beginner
Platform: NT7
Trading: emini ES
Posts: 70 since Apr 2016
Thanks Given: 10
Thanks Received: 52

ah i really wish i was confident enough to hold trades. I only got 3 points out of this large move up. I see resistance and i get out. wonder if anyone has any tips to practice swing trading how can i estimate how far a move is going to be? is swing trading more consistant and less stressful like ive heard some people say. or is it just the type of trader i am.

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  #29 (permalink)
 ashfsderse 
Duluth, georgia united states
 
Experience: Beginner
Platform: NT7
Trading: emini ES
Posts: 70 since Apr 2016
Thanks Given: 10
Thanks Received: 52

OH man last night was crazy i wont even bother posting a chart it was just a giant line down and then a even bigger line back up. i was debating if i should trade or night in the volatility, and i was surprisingly nervous and stressed out. At first i wasn't thinking straight and got whipsawed until i realized i should really increase my risk and reward to make up for this volatility. so i won back my losses with a 10 point trade putting me at 200 positive and walked away. At that my point my commission was also 200 dollars. i should increased my risj and reward sooner and just took my original 2140 entry down to the limit. after trump won the election i took a position long near the limit and closed the trade at 18 points and went to bed at around 4 am. it was an exciting experience to trade the volatility properly. during brexit i blew up my combine

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  #30 (permalink)
 ashfsderse 
Duluth, georgia united states
 
Experience: Beginner
Platform: NT7
Trading: emini ES
Posts: 70 since Apr 2016
Thanks Given: 10
Thanks Received: 52


Hello! I ended today early i built up a huge commission and decided to call it quits at 250 profit. Im having adapt to this new volatility. Im about half way through my combine just need to keep it up and focus on preservation. I ended at around 11:00 am est but im posting now because i left the house and forgot.

I currently see a lot bigger range and support and resistance seems to be a lot weaker. My plan is to play around a large risk reward to come out profitable. Hoepfully i learned something from brrxit to get through this whole election fed announcement rate hike madness.

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Last Updated on December 12, 2016


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