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Tuglife's trading journal. Focused on profitability.


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Tuglife's trading journal. Focused on profitability.

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  #61 (permalink)
Escondido CA USA
 
Experience: Beginner
Platform: Jigsaw Daytradr + Ninjatr
Trading: E-Mini ES
 
Tuglife's Avatar
 
Posts: 72 since Jan 2020
Thanks: 36 given, 55 received

Pretty short day. Took 2 trades...scratched one, got ran over on the second one. Thought I was trading a pullback. I was wrong. Limit down.

I missed the setup that I worked really hard on last week. Would have been good for 5 points.

I'm kind of scratching my head. I need to work on my patience, that's for sure. I only have one more day to trade until I go back to work for three weeks. After tomorrow I will take a live trading break for a week at least. I'm trying to keep my chin up but it's demoralizing. I think my patience was improving for a short while but I've backslid.

I also think I've been overestimating my ability, and learned not to be afraid to guess. Very bad habits to be sure.

I might need to go back to one contract. With 2, my risk management dictates that my stop is 20 ticks max, and if I hit that I'm done for the day.

On a positive note, I've figured out a few things I can do that might help.

1. Rules it is. I *watch* the market for the first hour. First trade better look pretty good in hindsight too, or interval will increase.

2.Also, it is evident there are gaps in my skillset. I am going to take the time to read a price action book. Something by Al Brooks to be sure.

3. Discipline must be brought into other areas of my life. I started today by buying healthier groceries. Jesus if I could exercise a little that would be *huge*. I've wanted to do this forever.

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  #62 (permalink)
Escondido CA USA
 
Experience: Beginner
Platform: Jigsaw Daytradr + Ninjatr
Trading: E-Mini ES
 
Tuglife's Avatar
 
Posts: 72 since Jan 2020
Thanks: 36 given, 55 received

Well I've been at work for 2 weeks and have only been watching the market. I did take one trade today. A bad one that went against me right away. The good news is that I watched the market all morning...didn't jump right in.

My discipline has been pretty good overall. Diet is going well, and I'm working hard. I get plenty of exercise on the job, but I have *never* been able to get going with cardio exercise. This remains a goal.

I have a co-worker who trades futures. He's profitable and has been helping me out with some fundamentals. Not just chartwork, but risk management, psychology etc.

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  #63 (permalink)
Escondido CA USA
 
Experience: Beginner
Platform: Jigsaw Daytradr + Ninjatr
Trading: E-Mini ES
 
Tuglife's Avatar
 
Posts: 72 since Jan 2020
Thanks: 36 given, 55 received


After a month off trading (and no real studying because work was busy) I started trading again.

Crazy day today. I made 3 trades and was up about 50 points. Then some crazy switch flipped inside me and I decided to abandon my risk management and trade five contracts instead of the two I'm supposed to. Lost my gains and more.

A *very disappointing* limit down for the day. The idea of quitting looks very appealing at the moment. I'm working on fixing this but keep repeating the same mistakes. Easily my most frustrating day I've had.

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  #64 (permalink)
Escondido CA USA
 
Experience: Beginner
Platform: Jigsaw Daytradr + Ninjatr
Trading: E-Mini ES
 
Tuglife's Avatar
 
Posts: 72 since Jan 2020
Thanks: 36 given, 55 received

Friday I was limit up after 3 trades. I definitely benefitted from the size of the rotations.

Sunday night limit down. I was guessing, didn't have very good trade location. I also violated my rule about turning the screen off after being limit down. I didn't lose any extra money but put myself in the penalty box today because of this bad behaviour.

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June 29, 2020


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