Saturday, July 15, 2006
7/13/06 retarde
Thurs.
8:05 s 5950, stp 6150, -2
-2
8:20 l 6175, stp 6050, -1.25
-3.25
8:50 s 5850, +1
-2.25
9:20 l 5825, +1
-1.25
9:50 s 5875, +1
-.25
10:25 l 5875, +1
+.75
11:20 l 6250, stp 6050, -2
-1.25
11:45 l 63, stp 6050, -2.5
-3.75
11:55 s 6075, +1
-2.75
12:30 s 5650, +1
-1.75
12:55 s 5525. +1
-.75
1:15 l 5550, stp 54, -1.5
-2.25
1:35 s 5325, +1
-1.25
crappy day but still only -$62.50
Trader X
8:05 s 5950, stp 6150, -2
-2
8:20 l 6175, stp 6050, -1.25
-3.25
8:50 s 5850, +1
-2.25
9:20 l 5825, +1
-1.25
9:50 s 5875, +1
-.25
10:25 l 5875, +1
+.75
11:20 l 6250, stp 6050, -2
-1.25
11:45 l 63, stp 6050, -2.5
-3.75
11:55 s 6075, +1
-2.75
12:30 s 5650, +1
-1.75
12:55 s 5525. +1
-.75
1:15 l 5550, stp 54, -1.5
-2.25
1:35 s 5325, +1
-1.25
crappy day but still only -$62.50
Trader X
7/12/06 re-trade for retardes
since I lost money this week I have to go back and retrade the week. Starting with Wed.
7:40 s 8050, +1.
+1
8:35 l 81, out 7850 -2.5
-1.5
8:55 short 7975, +1
-.5
9:25 short 78, +1
+.5
10:10 l 7475, out and reverse 7375, -1
-.5
10:25 s 7375, out 7550, -1.75
-2.25
10:40 l 7550, +1
-1.25
11:15 s 7425, +1
-.25
11:35 l 73, O/R 71, -2
-2.25
11:45 s 71, +1
-1.25
12:30 s 6850, +1
-.25
1:20 l, 6950, 6775, -1.75
-2
1:35 s 68, +1
-1
2:05 l 67, +1
0
2:30 s 6725 +1
+1
This was a crappy day but I may have covered commissions.
Trader X
7:40 s 8050, +1.
+1
8:35 l 81, out 7850 -2.5
-1.5
8:55 short 7975, +1
-.5
9:25 short 78, +1
+.5
10:10 l 7475, out and reverse 7375, -1
-.5
10:25 s 7375, out 7550, -1.75
-2.25
10:40 l 7550, +1
-1.25
11:15 s 7425, +1
-.25
11:35 l 73, O/R 71, -2
-2.25
11:45 s 71, +1
-1.25
12:30 s 6850, +1
-.25
1:20 l, 6950, 6775, -1.75
-2
1:35 s 68, +1
-1
2:05 l 67, +1
0
2:30 s 6725 +1
+1
This was a crappy day but I may have covered commissions.
Trader X
7/15/06 Week finally over
Thank God! It hasn't been a good one but it was close. My options haven't blown up yet but they may next week. It was close on Friday. My daytrading is in the toilet and isn't getting better. Something has to change besides my equity going down.
I have a list of changes to make.
1. Stop trading.
2. Start paper trading again.
3. Paper trade the YM for a multitude of reasons.
4. Figure out a way to reprogram my brain to follow rules.
Trader X
I have a list of changes to make.
1. Stop trading.
2. Start paper trading again.
3. Paper trade the YM for a multitude of reasons.
4. Figure out a way to reprogram my brain to follow rules.
Trader X
Sunday, July 09, 2006
I find it a great place to vent my thoughts and ideas and occasionally I will go back and re-read my early stuff. It really helps to see just how far I have come. Sometimes I need to think about that when I get discouraged, which can be often. The funny thing about this job of trading is that no 2 people go through it the same. It is a journey that every trader has to make for themselves because we are all different. If there was a boilerplate way to do this then so many traders would make it... of course if that was true then it wouldn't be as profitable as it can be. Rico and I have really helped each other out because we are close to the same place and we think alike. That helps. I have another friend that is completely different in his mentality but he is taking his own journey. We talk a lot but he is in a different trading place than I am. He is still making mistakes that I was making a year ago but who's to say that his journey should be the same as mine? He may find a better path than I do. All I know is that I feel as though I am very close to getting this thing.
4 steps of learning are: 1.Unconscious, incompetence. You don't even know what you don't know
2. Conscious, incompetence. You know what you don't know and can start to learn it.
3. Conscious, competence. You know what you need to know but you still have to force yourself to do it right. This is the stage where I am now.
4. unconscious competence. you know what you need to know to trade and you don't need to think about it anymore. It just come naturally. Your brain is now riding a bike at this point.
This was so good I'm going to put this into my blog!
Trader X
4 steps of learning are: 1.Unconscious, incompetence. You don't even know what you don't know
2. Conscious, incompetence. You know what you don't know and can start to learn it.
3. Conscious, competence. You know what you need to know but you still have to force yourself to do it right. This is the stage where I am now.
4. unconscious competence. you know what you need to know to trade and you don't need to think about it anymore. It just come naturally. Your brain is now riding a bike at this point.
This was so good I'm going to put this into my blog!
Trader X
interesting....
I was doing a little research this weekend and discovered something that I think is worth noting. I was going to back to see whether the partial profits of 1 point (pp's), or waiting for my reversals or stops was more profitable and I saw an interesting thing... it commonly seems like my worse loss of the day is right around 10:00? A fake signal and then backfire... I wonder if this is because the traders are getting out of there trades for lunch (11:00 ET). I would see this just before 10 once but mostly at 10:10 or 10:20 signals? I will have to watch for those.
By the way it turns out that the pp method and the hold for reversal/stop method are about the same. Both make about the same number of points... the difference is consistancy. The pp's are about 70-80% while the other method is about 50%. The reversal/stop (r/t) has a lot of little gains and losses and then a few big gains to put it over the edge. The r/t method may have had a slightly larger outcome over the long run. The other factor was when they worked. The r/t method of exit seems to work best in the first 2 and the last 2 hours of trading, while the pp method did better during the duldrums it seems.
If I switch to one contract (car) then I will trade r/t in am and pm, and pp during lunch if I am around.
Trader X
By the way it turns out that the pp method and the hold for reversal/stop method are about the same. Both make about the same number of points... the difference is consistancy. The pp's are about 70-80% while the other method is about 50%. The reversal/stop (r/t) has a lot of little gains and losses and then a few big gains to put it over the edge. The r/t method may have had a slightly larger outcome over the long run. The other factor was when they worked. The r/t method of exit seems to work best in the first 2 and the last 2 hours of trading, while the pp method did better during the duldrums it seems.
If I switch to one contract (car) then I will trade r/t in am and pm, and pp during lunch if I am around.
Trader X
interesting....
I was doing a little research this weekend and discovered something that I think is worth noting. I was going to back to see whether the partial profits of 1 point (pp's), or waiting for my reversals or stops was more profitable and I saw an interesting thing... it commonly seems like my worse loss of the day is right around 10:00? A fake signal and then backfire... I wonder if this is because the traders are getting out of there trades for lunch (11:00 ET). I would see this just before 10 once but mostly at 10:10 or 10:20 signals? I will have to watch for those.
By the way it turns out that the pp method and the hold for reversal/stop method are about the same. Both make about the same number of points... the difference is consistancy. The pp's are about 70-80% while the other method is about 50%. The reversal/stop (r/t) has a lot of little gains and losses and then a few big gains to put it over the edge. The r/t method may have had a slightly larger outcome over the long run. The other factor was when they worked. The r/t method of exit seems to work best in the first 2 and the last 2 hours of trading, while the pp method did better during the duldrums it seems.
If I switch to one contract (car) then I will trade r/t in am and pm, and pp during lunch if I am around.
Trader X
By the way it turns out that the pp method and the hold for reversal/stop method are about the same. Both make about the same number of points... the difference is consistancy. The pp's are about 70-80% while the other method is about 50%. The reversal/stop (r/t) has a lot of little gains and losses and then a few big gains to put it over the edge. The r/t method may have had a slightly larger outcome over the long run. The other factor was when they worked. The r/t method of exit seems to work best in the first 2 and the last 2 hours of trading, while the pp method did better during the duldrums it seems.
If I switch to one contract (car) then I will trade r/t in am and pm, and pp during lunch if I am around.
Trader X
Friday, July 07, 2006
7/7/06 A funny thing happened after lunch...
I started to trade welll. I mean I actually followed my rules and did well all because I changed one little thing! I stopped trading 2 cars and only traded one. I just stopped trading for pp's and only exited on reversals or stops, and I made money! A lot of money in fact, for only trading one contract.
What I want to do now is to paper trade today again by the old method. I am tying to figure out what makes more $, partial profits or waiting for exits from reversals and stops.
8:00 short 84, pp +1, out 81, +3, total +4
+1, +3, +4
8:55 s 7850, pp+1, out 80 -1.5, total -.5
+2, +1.5, +3.5
9:15 l 8175, +1pp, out and reverse short 8075, -1, total 0
+3, +.5, +3.5
9:25 s 8075, pp+1, out 8050, +.25, total +1.25
+4, +.75, +4.75
9:50 l 8150, stopped 79, -2.5, -2.5, total -5
+1.5, -1.75, -.25
10:35 l 8225, pp +1, out 82, +.25, total +1.25
+2.5, -1.5, +1
11:00 s 8150, out and reverse 8175, -.25,-.25, total -.5
+2.25, -1.75, +.5
11:20 l 8175, pp+1, out and reverse 8250, +1, +.75, total +1.75
+3.25, -1, +2.25
11:55 s 8250, pp +1, out 7975, +2.75, total +3.75
+4.25, +1.75, +6
1:05 l 8025, out 7875, -1.5, -1.5, -3
+2.75, +.25, +3
1:20 s 7875, pp +1, out 73,+1, +5.75, +6.75
+3.75, +6, +9.75
For the record I did get all the signal from 11:55 for real and yes, I made money because I took them!
It also appears as though the reversal/stop method of exit is slightly better but also increases volatilty. I think I will use pp during lunch and reversal/stop during first 2 and last 2 hours.
Trader X
What I want to do now is to paper trade today again by the old method. I am tying to figure out what makes more $, partial profits or waiting for exits from reversals and stops.
8:00 short 84, pp +1, out 81, +3, total +4
+1, +3, +4
8:55 s 7850, pp+1, out 80 -1.5, total -.5
+2, +1.5, +3.5
9:15 l 8175, +1pp, out and reverse short 8075, -1, total 0
+3, +.5, +3.5
9:25 s 8075, pp+1, out 8050, +.25, total +1.25
+4, +.75, +4.75
9:50 l 8150, stopped 79, -2.5, -2.5, total -5
+1.5, -1.75, -.25
10:35 l 8225, pp +1, out 82, +.25, total +1.25
+2.5, -1.5, +1
11:00 s 8150, out and reverse 8175, -.25,-.25, total -.5
+2.25, -1.75, +.5
11:20 l 8175, pp+1, out and reverse 8250, +1, +.75, total +1.75
+3.25, -1, +2.25
11:55 s 8250, pp +1, out 7975, +2.75, total +3.75
+4.25, +1.75, +6
1:05 l 8025, out 7875, -1.5, -1.5, -3
+2.75, +.25, +3
1:20 s 7875, pp +1, out 73,+1, +5.75, +6.75
+3.75, +6, +9.75
For the record I did get all the signal from 11:55 for real and yes, I made money because I took them!
It also appears as though the reversal/stop method of exit is slightly better but also increases volatilty. I think I will use pp during lunch and reversal/stop during first 2 and last 2 hours.
Trader X
7/7/06 open
OK, going to blog my trades today...
OK, a really crappy entry at 8750, why because it was a close above the new bar. Underwater straight out of the box! Bastards!!!!
already messing up. Stopped on first trade at a huge loss... -8 points.
blew another one so I am watching from now on. What at crappy week!!!!
Trader X
OK, a really crappy entry at 8750, why because it was a close above the new bar. Underwater straight out of the box! Bastards!!!!
already messing up. Stopped on first trade at a huge loss... -8 points.
blew another one so I am watching from now on. What at crappy week!!!!
Trader X
7/7/06.... just to prove a point
I am going to paper trade Wed and then maybe Monday just to prove the point to my feeble brain that I can trade this very stupid method and make money. It's all about the exits anyway... If I could just get that through my thick skull!
7:20 short 8250, PP +1, out 79, +3.5, +4.5 total
+4.5
For the record.. that would have hit my daily goal
9:50 sell 7675, PP +1, out and reversed long at 7575, +1, +2 total
+6.5
10:10 long 7575, stopped 7425. -3 total
+3.5
10:35 long 76, pp+1, stopped 7675, +.75, +1.75 total
+5.25
11:50 Long 78, pp +1, out and reversed 7950,+1.5, +2.5 total
+7.75
12:45 short 7950, pp +1, stopped 7975, -.25, +.75 total
+8.50
1:40 long 81, +1pp, stopped 8075, -.25, +.75 total
+9.25
2:15 short 7950, +1pp, out 78, +1.5, +2.5 total
+11.75
Get the point stupid brain... the simple trading rules work very well.... It's you that doesn't
Trader X that is really pissed off at my brain for being stupid. And to think? I'm in Mensa! How bad is that??
7:20 short 8250, PP +1, out 79, +3.5, +4.5 total
+4.5
For the record.. that would have hit my daily goal
9:50 sell 7675, PP +1, out and reversed long at 7575, +1, +2 total
+6.5
10:10 long 7575, stopped 7425. -3 total
+3.5
10:35 long 76, pp+1, stopped 7675, +.75, +1.75 total
+5.25
11:50 Long 78, pp +1, out and reversed 7950,+1.5, +2.5 total
+7.75
12:45 short 7950, pp +1, stopped 7975, -.25, +.75 total
+8.50
1:40 long 81, +1pp, stopped 8075, -.25, +.75 total
+9.25
2:15 short 7950, +1pp, out 78, +1.5, +2.5 total
+11.75
Get the point stupid brain... the simple trading rules work very well.... It's you that doesn't
Trader X that is really pissed off at my brain for being stupid. And to think? I'm in Mensa! How bad is that??
Thursday, July 06, 2006
7/6/06 bad day..... again
why is it that I know exactly what I need to do but still can't do it???? All I have to do is just follow the rules and I won't get hurt.. or even if I did it would be less than my crazy off the hip shooting at the ES that I have been doing this week! It has to stop and stop now!!! Lost something like $600 today... why, because I didn't do what I know I can.
I'm an idiot. Pure and simple.
7:35 short at 8150, +1 pp and out at 82. +.5 total
+.5
8:35 long at 8375, +1pp, out and reversed at 8525, +1.5. + 2.5 total
+3
At this point I would have hit my goal but lets continue with the reversal.
9:35 short at 8525, +1pp, out at 86 -.75. +.25 total.
+3.25
10:20 long at 87, out and reverse at 8550. -3
+.25
short 8550, +1pp, out and reversed at 8325, +2.25. +3.25 total
+3.50
I should have taken a lunch break now.... but in case I didn't
11:45 Long 8325, pp +1 (took forever btw 12:45), out and reversed at 8325, +1pp,+0, +1total
+4.50
1:00 Short 8325, +1pp, out 8125, +1pp, +2. +3 total.
+7.50
2:10 long 8150, out 81, -1.
+6.50
probably would have stopped here but even if I didn't the last trade would have been +1 or so.
Instead I lost 12 points! How do I do this?
Tomorrow I am back to the steadfast grindstone....
I am now convinced that 100% of my problems are mental. Now I need to figure a way to reinforce that and solve my brain from shorting out as soon as the bell rings.
Trader X
I'm an idiot. Pure and simple.
7:35 short at 8150, +1 pp and out at 82. +.5 total
+.5
8:35 long at 8375, +1pp, out and reversed at 8525, +1.5. + 2.5 total
+3
At this point I would have hit my goal but lets continue with the reversal.
9:35 short at 8525, +1pp, out at 86 -.75. +.25 total.
+3.25
10:20 long at 87, out and reverse at 8550. -3
+.25
short 8550, +1pp, out and reversed at 8325, +2.25. +3.25 total
+3.50
I should have taken a lunch break now.... but in case I didn't
11:45 Long 8325, pp +1 (took forever btw 12:45), out and reversed at 8325, +1pp,+0, +1total
+4.50
1:00 Short 8325, +1pp, out 8125, +1pp, +2. +3 total.
+7.50
2:10 long 8150, out 81, -1.
+6.50
probably would have stopped here but even if I didn't the last trade would have been +1 or so.
Instead I lost 12 points! How do I do this?
Tomorrow I am back to the steadfast grindstone....
I am now convinced that 100% of my problems are mental. Now I need to figure a way to reinforce that and solve my brain from shorting out as soon as the bell rings.
Trader X
