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The Adventures of an Intuitive Daytrader


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The Adventures of an Intuitive Daytrader

  #91 (permalink)
 
brunobt's Avatar
 brunobt 
Distrito Federal/Brazil
 
Experience: Intermediate
Posts: 83 since Apr 2014
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Excelent morning till now

I've made a couple of scalps during breakouts



Now I'm prepared for the main movement of the day -> big bear attack....... maybe


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  #92 (permalink)
 
brunobt's Avatar
 brunobt 
Distrito Federal/Brazil
 
Experience: Intermediate
Posts: 83 since Apr 2014
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My target is @71.41

Look at the pullback punch I've just absorbed


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  #93 (permalink)
 
brunobt's Avatar
 brunobt 
Distrito Federal/Brazil
 
Experience: Intermediate
Posts: 83 since Apr 2014
Thanks Given: 77
Thanks Received: 150


I made the same mistakes for 3 days in a row! F******ck!



And, as always, my first guess is the correct one, but those pullbacks were nasty!

I've been using breakouts setup for the last 2 weeks. But I never wait for it (remember that market timing is hard).




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  #94 (permalink)
 
TradingOgre's Avatar
 TradingOgre 
Evans GA/USA
Legendary Market Wizard
 
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brunobt View Post
I made the same mistakes for 3 days in a row! F******ck!



And, as always, my first guess is the correct one, but those pullbacks were nasty!

I've been using breakouts setup for the last 2 weeks. But I never wait for it (remember that market timing is hard).



Attachment 257144

I wish I could keep making the same mistakes and pull in 13k+. LOL! Nice work.

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  #95 (permalink)
spetscom
Niles, Michigan
 
Posts: 73 since Sep 2018
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brunobt View Post
I made the same mistakes for 3 days in a row! F******ck!



And, as always, my first guess is the correct one, but those pullbacks were nasty!

I've been using breakouts setup for the last 2 weeks. But I never wait for it (remember that market timing is hard).



Attachment 257144

Man I was reading your post and thought you took a big loser or something then I look at the PnL and you cleared 13k Awesome man. How many days in a row has it been now?

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  #96 (permalink)
 
brunobt's Avatar
 brunobt 
Distrito Federal/Brazil
 
Experience: Intermediate
Posts: 83 since Apr 2014
Thanks Given: 77
Thanks Received: 150


TradingOgre View Post
I wish I could keep making the same mistakes and pull in 13k+. LOL! Nice work.



I reversed 2 times unnecessarily (with a loss) when I “knew” prices were supposed to do that (“shake” the market wildly). My expectations were higher... but the market didn’t care


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  #97 (permalink)
 
brunobt's Avatar
 brunobt 
Distrito Federal/Brazil
 
Experience: Intermediate
Posts: 83 since Apr 2014
Thanks Given: 77
Thanks Received: 150


spetscom View Post
Man I was reading your post and thought you took a big loser or something then I look at the PnL and you cleared 13k Awesome man. How many days in a row has it been now?


22 days overall, but about 12 with 20 contracts. The last trade saved me. Prices plummet in minutes and put an end to a losing position of hours.


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  #98 (permalink)
 
brunobt's Avatar
 brunobt 
Distrito Federal/Brazil
 
Experience: Intermediate
Posts: 83 since Apr 2014
Thanks Given: 77
Thanks Received: 150

Good Morning!

Today is a national Holiday in Brazil (Holy Marys Day), so it's time to have some (kind of) fun in international (at least for me) markets.

As the (London time) market was a little choppy this morning, I decided to implement an idea: divided my limit position size (21 contracts) in 3 equal parts (of 7 contracts each) in order to limit my risk while I traded in that small range (5 to 10 cents), always looking for (trend line) breakouts and pullbacks, taking partial profits in the measured movements.


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  #99 (permalink)
 
brunobt's Avatar
 brunobt 
Distrito Federal/Brazil
 
Experience: Intermediate
Posts: 83 since Apr 2014
Thanks Given: 77
Thanks Received: 150

Yesterday I forgot to show my last trade. That sh!ty trade that I make almost everyday... take lot of risk to make a little money.

And that bring us to the

OCTOBER - WEEKS 1 AND 2 REPORT




Up till now everything is excelent. But I still end everyday exhausted emotionally.

The "one third contract approach" (as Mark Douglas suggests in Trading in the Zone) is promising. I just have to refine it.

Have a nice weekend!

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  #100 (permalink)
 
brunobt's Avatar
 brunobt 
Distrito Federal/Brazil
 
Experience: Intermediate
Posts: 83 since Apr 2014
Thanks Given: 77
Thanks Received: 150


It's been almost 2 months since I started trading crude oil and things are going pretty well.

I think that the content of this thread is not useful the way it is (I don't want to post my PnL without a specific reason). Besides, my methodology is too subjective (but really very simple) and I can't describe the logic behind it (even to someone in the same room). "Confluence" is a relatively easy concept to grasp, but it's hard to apply it successfully in real-time...

Of course it's still a trading journal, so I'll write here only stuff I consider relevant, like the MANY mistakes (mostly cognitive biases) I do on a daily basis.

------------------------------------------------------------------------

Yesterday I had my first loss (-7k net). I was 8k positive and decided it was not ok: in my "analysis", the market had to fall 50 cents up to a dollar (!), 'cause I needed to prove myself I could do better than I've been doing so far. So I shorted 21 contracts @71.01 before lunch and got distracted doing stuff for hours... waiting for the market to obey me . And I was willing to hold my position till the end... and so I did. I exited before the interruption with 7k in losses for the day.

I wasn't even mad with myself. It was a cheap lesson, considering my stupidity. Today is another day and everything is still wonderful.

cheers


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