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At the risk of pointing out the obvious it looks as if you are seeing the trades. This is very good. Crucial to be exact. The problem (s) seem to be with execution. I might have missed it earlier, you are trading a live account, correct?
I started trading live about four months ago… Before that I spent about 9 months working on the Trade Station simulator. However, I started picking up many bad habits. It turned into a video game of sorts (Trading way too much and way too many contracts at a time.)
Since I went real money, it’s been a slow steady loss… Then I found this Forum… Hoping a journal would be revealing and it has…
You definitely should wait until it closes. Entering late or for reasons outside of your trading plan may result from the fear of missing a move. I had a similar issue with one of traders that I trained. Let me tell what we did for him and see if it works for you.
Make two cards. One will say "Its OK to miss a trade. There will plenty of good ones coming next." On the second card write "pull the trigger within 3 seconds or not at all". Place these cards in front of you on your trading station. I believe you will like the results but you tell me in a day or two of trading.
However if you look thru some of the top posts the entry..exit methods by journal entry owner has been defined by posters so that it helps when someone reads the post.
Though you pen down what you had been thinking there did not seem any rationale given to enter...exit. Also good execution knows exactly price structure one would get involved in.
BTW matrix will only not display a order if Tradestation has had a memory leak...by that i mean the platform has been on for days. Even if it does not display...it still executes. So you need to be careful and see if that is happening.
Also your stops seem to be very tight ...total of 3ES pts for 3 trades. Perhaps it may work for scalping..but not sure.
Anyways just my 2c observation. Wish you only the best. And hope you find yr journalling effort helpful and only success in trading.
As Paps said from scanning your entry's they are all at different structural places. You need to define what you are trading breakouts of. Some are more effective than others. Also the pa leading up to them will define their success.
Excellent… I will give this a try. I know there will many opportunities throughout the day but, the quickness of the moves can play havoc with rational thinking. (If I don’t get this trade I will miss out).
Thank you.
Thank you, I do leave Trade Station running throughout the night. It might be a good idea to turn it off at night and restart in the morning. Close stops… It seems when I’m losing consistently, I tend to have closer stops. I also move them quickly to break-even if I have a profit… Journaling has been a great tool so far… Although I think I’m on a plan, it’s really very scattered… For me, I think it comes down to there are so many good trades, why am I not profitable? (The mind is a scary thing).
That is a great idea… I haven’t, so far, been able to distinguish the small differences in price action leading up to the break… Still trying to learn why things are different… Also, I have not really been trading only one main idea… Thank you.
