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At the moment I'm getting more and more sick of those nerve-wrecking intraday-trades.
Huge trend-day today, but I just have no concrete idea how to sufficiently handle these trades and don't even want to think about it.
Prom-Queens
I feel way more at ease with them currently. Applied a different way of calculating my size to the first set of experimental trades, which in hindsight would have made the overall result more satisfying and I think is generally a smarter way for making the trades more equal and less dependent on the exact distance from entry to inital S/L.
#22 and #23 do NOT correlate.
Entry Trade #24 (re-entry trade #18)
60min
10min
Entry Trade #25
60min
10min
Entry Trade #26
60min
10min
7 positions in the market at the moment. No problem in terms of losing oversight.
Great Journal " What are my convictions about the market?
The market is more likely to keep going in its current direction than to reverse and the larger the time-frame, the more reliable this becomes.
Also do I think that we project our beliefs about the market and life in general onto the chart, which skews our perception into whatever we want to see, which then determines our trading decisions or how we develop our systems/methodologies.
For myself the fear of losing is probably the biggest problem."
Juts something to THINK about. My day trading ( intra day swing trading) did not get any where till I started asking what moves 1 , 2 , 10 points in ES? What does it means? How can I stay with the trend? and so on. 2021-07-11_10-58-30 Friday Internals
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Finally I started looking at composition of S&P index, which components are important vs the others, started looking at all different sectors of S&P. My GOAL each day is ONLY one decision- am I looking for longs or shorts? Over last 3 months based upon internals of the market- 90% have been longs. 2021-07-11_11-02-15 sectors
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Hardly looked at it. I just feel way more comfortable with my prom-queen swings at the moment.
Rather scanning through charts and organizing them, than sitting, waiting and end up forcing stuff.
Prom Queens
Got no entry today and no stop out. Generally slower day, but the running trades appear pretty stable for now.
This is an example of what you are actually trading when you buy or sell a contract of NQ. I'm just throwing this out there as an example. If you want to know S&P or Dow you should look up what actually is in there
The action that was missing on Monday and Tuesday comes today all at once
Entry Trade #27
Special case "one stage larger trend" and a German ticker and actually got in via Limit where I would have entered anyways if I had seen it earlier.
Daily Chart
60 min
Entry Trade #28
Also German but standard trend-size
60min
10min
Exit Trade #21
10 min
Moved stop once.
For lack of a better term I call the units in which I track my performance with my new sizing-method P's for "Partials"
Loss: -0.13P
Entry Trade #29 First experimental short with less size
