my journal

This is a discussion on my journal within the Trading Journals forums, part of the Reception category; Damn. I've done it. Followed all rules: ENTRIES if: 1) you haven't lost over 250 dollars for the day (from ...

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Old Nov 30, 2009, 5:19pm   #939
 
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Re: my journal

travis started this thread Damn. I've done it. Followed all rules:

ENTRIES if:
1) you haven't lost over 250 dollars for the day (from discretionary trading)
2) the 15-period 15-minute ma is in favor
3) the 15-period 1-minute ma gets crossed by price (in favor)
4) your entry and your take profit are >10 ticks away from any pivot lines
EXITS
Bracket order of 20 ticks. You can exit early if you wish, but not increase the distance of the stoploss.

snap2.jpg

Too bad if I'll lose. I'm already down 100 dollars.
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Old Nov 30, 2009, 5:23pm   #940
 
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Re: my journal

travis started this thread Going a bit better now. I am down 65 dollars. If things do not work out, I'll lose 250 dollars for the day and stop my discretionary trading (not discretionary compulsive gambling) for the day. I don't think I'll exit early.

The two stops of the bracket order are at 1.5022 and 1.4982. Hopefully the lower one will get hit, since I am short as I said repeatedly.

Going much better now. Up 20 dollars.
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Old Nov 30, 2009, 5:26pm   #941
 
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Re: my journal

travis started this thread If it goes well, I'll stop trading for the day also, because I've taken enough stress up to here. Trading is more stressful than gambling, especially if you don't know how good your system is. I might exit early (all allowed by the system) if the downward move seems to come to an end before my 20 ticks. But even then I'll be done for the day.
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Old Nov 30, 2009, 5:28pm   #942
 
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Re: my journal

travis started this thread Up 70 dollars now. Hopefully it won't stop. I need encouragement from the market for not gambling.
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Old Nov 30, 2009, 5:30pm   #943
 
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Re: my journal

travis started this thread Looking really good. All other markets look very bearish. I am up 120 dollars now. Come on, another 130 dollars and I'll be out.
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Old Nov 30, 2009, 5:30pm   #944
 
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Re: my journal

travis started this thread Up 220. Another 30.
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Old Nov 30, 2009, 5:32pm   #945
 
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Re: my journal

travis started this thread Done. 260 dollars of profit. I am satisfied for today. Great first day. Taking a few hours off because it was quite stressful.
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