Trader X

open was 2575, 23,2625,27,28, 3250.

After setting the range it went neg in a hurry... crashed thru and ended at 1508 or something.

Gap filled

I need to start tracking ranges a little better. First hour ranges.

S 25, +1+1.

l 2850, +1+1

I lost count after this but here's what happened. I had 5 winners in a row and was up then had 2 losers just before lunch that were none signal trades... shooting from the hip again. I went to lunch and quickly made back the lost $ from the 2 losers on signal trades and ended up the day very good.

I've been trading the same money back and forth for about 6 weeks now... up 500 down 500. I guess this is a good thing because I've not blown out the account. So here is what happens. I follow the plan and make $. Then I get cocky and lose what I've gained. Then I do catch myself and go back to the plan. I am recovering faster and hopefully that will continue!

Trader X

Market bias is up and I am currently long and underwater. Waiting for a hopeful spike so I can exit. -1.5 on each

Trader X

OK so today I've really been messing up. Went short a high tick and lost 1.5 points. Now I'm long and market is not going up anymore! Crap... got me again for another 1.5. That's it! Done!

9,9 5,6, 1,0

Trader X

OK 2 more trades to report. 1, 2 point loss, and last trade for a 1 point gain

Today was a BE day. Up 100, flat, up 100, down 100, then flat to end. Too much chop on this option expiration week. Likely won't trade tomorrow.


(10,10)(3,3)(1,0)

Trader X

OK so I've got a representative sample of 10 trades. 8 one point winners, 1 BE, and 1 one point loser.

need a way to chart this for record keeping. Win Lose Draw?

8,1,1. Win Lose Draw.

Trade 11 was +1
9,1,1

Trader X

So I went short on the open and got a point, then went short again but only lost a point. Back to BE on day but caught a long and got a point. So +1 on 2 cars so far and probably done for now. It's been a great week.

For the record those were trades 7,8, and 9. So, 1 loser in 9 so far.

Trader X

Pulled off another 1 pointer. I think that is 7 in a row now.

Trader X

I'm not really sure what is going on here but I've been making some money.

I know... it sounds impossible, but I swear it's true!

OK so what's been going on here. I've been trading the same old signals but instead of runners I've only been going for the 1 point PP on both cars. No runners. I have TS setup to automatically put in a 2 point stop that I use as my trailer and adjust to 2 bars back +.75 if lower. Same stuff I've been doing for ever here.... except.... I'm actually following the trading plan. I just do the trades and follow rules and sure enough if generates $. I'm just following the rules! I've become very good at separating my emotions from the trade. I just do it and don't really think about it anymore. Hell, I barely even look at the screen when I have a trade on. I just move the stop closer when I can and just let it ride! Being out of town so much recently has really given me a chance to think about this for many hours of highway driving. When I'm at home I rarely get the chance to just think. When I'm driving with no radio even... I just think. I play it over and over in my head and rehearse and maybe I've become immune? Not sure?

OK this is 5 straight trades in a row of +1,+1. I'm going to track these numbers because I figure it's about a 75% success trade. 75% we get +1, and 25% -2 or less. Worse expectancy is about .25 a trade but odds have been higher lately and the losses aren't usually -2. I will track this like I did last year. I may have to review my post to see what the odds where then.

Other thing. This summer I will keep my +1 rule for the summer chop. If I feel it's a runner day I will add a 3rd runner but still +1 on 2 cars. Trailer for third car is same rules but will get taken out by trailer and not 1 point PP.

Trader X