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Watching Paint Dry (Bonds and Ninjascript video journal)
I made some big mistakes early on and redeemed myself later to take a profit on the day. I tried playing the level break, and I think the move up was enough to justify playing that trade. However, once it failed I should have waited.
I think my strategy was in a bit of a drawdown. It does best when there's lots of back and forth. This week it hasn't been doing that as much. Plus I've been feeling sick earlier in the week, and starting the combine may be making me a little nervous. I think my later trades today helped me gain some confidence.
I didn't track a daily trade today, but I think my most confident was going short at '20. That would have been 12 ticks with hardly any pullbacks.
Can you help answer these questions from other members on NexusFi?
Today started good, I made my trend direction prediction trade right out of the gate at 156'25. I predicted that it would result in either a trend or double distribution. However, I had a really hard time focusing. I upgraded my PC over the weekend, and fixing some of the issues there really distracted me. I started to feel nervous, and I did not get the best exits and entries on my profitable trades. Plus the move up was just really choppy because the emini and 10-year were not cooperating. I was correct when I said short the emini at 2444t, but it wasn't a profitable trade in the bonds. I read the action correctly, but my execution was very poor. So I ended the day flat. No video today because my computer issues screwed up the recording.
Had issues uploading yesterday's video. Came out with 4 ticks profit.
Today was exciting, but in the end it was just a crap shoot for me. I had a bad loss streak followed by a decent win streak. Overall took -5 on the day. I'm noticing I'm doing this a lot, and I'll be focusing on how to limit my losses. My strategy did really great before I started the combine, but now we're seeing more uncertainty. When you add the commissions on top of things I need to do better to hit the profit target. I could have hit the target by now if I didn't have these tilting sprees.
Textbook reversal at the lows today. There was also a pretty crazy stop run. I was a little more disciplined, and stuck to high probability touches. Walked away green with 10 ticks or so.
I didn't record today because of the shorter trading day. I was not expecting much action, and I was planning on programming. However, I saw some early movement, and was able to scalp 11 ticks out of the market. I regret not recording.
Survived the early chop, and made a good profit on the up move. I picked some decent spots. Unfortunately the volume on my mic is all messed up, and you can't hear any of my explanation. The gist of it is I am looking for spots where I see balanced trade, and overall market interest.
Today was very difficult trading. There was a lot of spreading that seemed to go against the grain. I'm not sure what caused this, but it all washed out by the end of my trading. I ended up having several really great trades, but I was looking for continuation that never appeared. Each time I let it go against me. I took a $500+ up day and turned it into a $500+ down day. I'm super disappointed in my performance today.
Rough patches along the road is expected, keep plowing it thru if you don't see major hole in the strategy, you'll be ok! 500 up to 500 down sucks, but I believe you'll figure it out how to deal with it sooner or later.
I had some connection issues today so I'm going to omit today's video. I really couldn't make heads or tails of what was going on in today's order flow, and I lost a few ticks.
