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shodson's Trading Journal

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  #571 (permalink)
 shodson 
OC, California, USA
 
Experience: Advanced
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plethora View Post

shodson, I cannot wait to curl up and read your journal one day. Part of me
feels other people's journals are private and none of my business and the other part is
exclusively immersed in everything I need to learn myself right now. But I wanted
to drop in and tell you again how grateful I am for the help you provided last week in
Costa Mesa. Today is Saturday so did we really meet a mere three days ago on Wednesday?!
Is that really right? I'm telling you it feels like years. You gave me enough to fill
a life time. I mean that from the bottom of my heart. Those basic skills you showed
me have given me tools to learn so much more that is totally beyond my belief. But
more importantly learning is now fun and creative and I am not filled with the fear and
dread that gripped and overwhelmed me before I met you. I don't really know how to
acknowledge my debt to you but if you think of a way please advise. I know I have already
told you how much appreciation I feel but my experience is more than words can express.
Please let me know if there is ever anything I can do to reciprocate. Again, many, many
thanks. plethora


Let's meet again in 3 months (April), build up a list of questions you want to discuss, see where you're at, review where you've been and where you want to get to next. This time I'll let you buy me lunch

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  #572 (permalink)
 shodson 
OC, California, USA
 
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sam028 View Post
When I read your call in the Skype room for your counter-trend trade, I really though "oops, this is not going to work...".

Next time tell me that in the Skype room, not after I've told you I lost money on it

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  #573 (permalink)
 sam028 
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shodson View Post
Next time tell me that in the Skype room, not after I've told you I lost money on it

I wrote a comment in the Skype room after the facts, but I've not cheated, and only look at your first screenshot, my NT was closed at this time.
And I just wrote "very CT...", that was not an advice, just a fact.

Success requires no deodorant! (Sun Tzu)
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  #574 (permalink)
 plethora 
Los Angeles, CA
 
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shodson View Post
Let's meet again in 3 months (April), build up a list of questions you want to discuss, see where you're at, review where you've been and where you want to get to next. This time I'll let you buy me lunch

Sounds wonderful and already looking forward. I've added a 3-month alarm in iCal.

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  #575 (permalink)
 shodson 
OC, California, USA
 
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Monday, January 10th, 2011 - No gap trades.

I tried to front-run a first-hour breakout in TF but get beaten down as it never broke out. It later did breakout, pulled back to my entry, and took off for a nice coulda-shoulda-woulda winner.

TF: -39 ticks


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  #576 (permalink)
 shodson 
OC, California, USA
 
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Wednesday, January 12th, 2011 - I could sure use a winning trade. Anybody got one I can borrow?

ES: -9 ticks

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  #577 (permalink)
 Tmanbone 
Chattanooga, TN
 
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This is exactly what worries me about trading the gaps per John Carter. I don't want to jump the gun here but I think I see an influence here, I just sped read to get caught up. I'm curious if you were able to figure out anything that could have given the gap and go away or is this just one gap in the sea of probabilities that just didn't work? I've been following your trading for a couple of weeks now but haven't read your entire thread. I'm interested in learning what you have figured out thus far. I'll find the time to get caught up with what you are doing. I appreciate you. Thank you,

"The simplicity of the markets is it's greatest disguise"

T
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  #578 (permalink)
 bluemele 
Honolulu, Hawaii
 
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Haha... This reminds me when I was sim trading news breakouts. I was easily profitable for over 3 months day in day out. Then, I went live. No kidding it seemed instantly the market had changed its dynamic and I ended up losing money. Then I stopped doing them and volatility came right back 3 days later (after 1 month of live).

My point is, right when you give up is your best string of winners.

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  #579 (permalink)
 Michael.H 
CA
 
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I actually think he's gap trades are fine. Its his discretionary trades IMO that are causing the most draw downs.

I'm also wondering why you didn't take the gap trade on the NQ.... seemed to work out.

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  #580 (permalink)
 shodson 
OC, California, USA
 
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Michael.H View Post
I actually think he's gap trades are fine. Its his discretionary trades IMO that are causing the most draw downs.

I'm also wondering why you didn't take the gap trade on the NQ.... seemed to work out.

Actually my trade today, while discretionary, was based on favorable gap guide data, just with a better entry price. I didn't take the gap trade at the open because I set up my strat in ES incorrectly the night before (had the wrong trade date).

As for the NASDAQ, I wasn't feeling the love in NQ.



Plus it came 2.25pts of filling the gap, then turned around and would have been an end-of-day loss of 8.75pts, so good call to stay away.

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