NexusFi: Find Your Edge


Home Menu

 





The Common Struggling Trader's Journal


Discussion in Trading Journals

Updated
    1. trending_up 1,163 views
    2. thumb_up 2 thanks given
    3. group 3 followers
    1. forum 4 posts
    2. attach_file 3 attachments




 
Search this Thread

The Common Struggling Trader's Journal

  #1 (permalink)
 motika1964 
NC, USA
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Dorman
Trading: ES / CL
Posts: 12 since Jan 2017
Thanks Given: 14
Thanks Received: 6

Starting Nov 30, 2020 this will be my journal at futures.io
Hope will post my journal everyday for the next 20 years

Follow me on Twitter Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
How to apply profiles
Traders Hideout
Exit Strategy
NinjaTrader
MC PL editor upgrade
MultiCharts
Increase in trading performance by 75%
The Elite Circle
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
28 thanks
Tao te Trade: way of the WLD
24 thanks
Diary of a simple price action trader
21 thanks
My NQ Trading Journal
14 thanks
GFIs1 1 DAX trade per day journal
9 thanks
  #2 (permalink)
Tick CounterSteve
Melbourne
 
Posts: 7 since Nov 2020
Thanks Given: 3
Thanks Received: 14

Good luck

Reply With Quote
Thanked by:
  #3 (permalink)
 motika1964 
NC, USA
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Dorman
Trading: ES / CL
Posts: 12 since Jan 2017
Thanks Given: 14
Thanks Received: 6


After two days off due to health conditions, today I have returned to my charts but it was a really difficult Friday, where I lost some opportunities and took an unnecessary CL trade. In addition, a couple of technical errors and three revenge trades, the result of the day was slightly negative, next week I will be more careful and patient


imagen

Follow me on Twitter Started this thread Reply With Quote
  #4 (permalink)
 motika1964 
NC, USA
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Dorman
Trading: ES / CL
Posts: 12 since Jan 2017
Thanks Given: 14
Thanks Received: 6

As I expected, this morning was choppy and with low volume session (I cut early to prevent force anything), therefore I had to take advantage of the few opportunities that the market presented me, however, I lost then due to FEAR!

In days like this I need to be more aggressive/systematic when my setup show up

First trade: Direction: long / Setup: Pull back to key Level / Result: Target reached (reduced to 13tics)

Lesson learned: I need to be patient with my winning trades and hold to my keys areas or until clear reverse


imagen

Follow me on Twitter Started this thread Reply With Quote
  #5 (permalink)
 motika1964 
NC, USA
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Dorman
Trading: ES / CL
Posts: 12 since Jan 2017
Thanks Given: 14
Thanks Received: 6

Discipline pays, indiscipline punishes

Despite having taken my first trade without careful analysis and away from my playbook (which obviously ended up reaching my stop loss), having taken the rest of the day in discipline and with patience, allowed me to achieve a positive result today.

Lesson learned: in this business there is no room for mistakes without the P&L being affected.

Discipline pays, indiscipline punishes


imagen

Follow me on Twitter Started this thread Reply With Quote




Last Updated on December 8, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts