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This is a discussion on Helenqu's Blog within the Trading Journals forums, part of the Reception category; Helen, Do you get a chance to look at trades you may have taken outside of your 2 hour window ...

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Old May 4, 2003, 2:20pm   #50
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Helen,

Do you get a chance to look at trades you may have taken outside of your 2 hour window and if so would you have been more profitable ? Also, and this is obvious but is good to remind yourself of occasionally, whenever you place a SB trade you start with an immediate loss position and so will always be trying to recover which intra-day is tricky.

Cheers


Paul
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Old May 4, 2003, 2:25pm   #51
 
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Helenqu started this thread Gosh missed these sorry guys.

SB charts I use 10 min and 2 min. I'm holding for less than an hour in most cases.

Paul- Yes I back test my system every week and if I were able to trade between 9 and 3 every day I'd be laughing. between 9-11 isn't the best time of day but that's what I'm stuck with for now. I've actually shifted the SBs to the Dax this week and it's been better than the STOXX, you need the movement to get some profit and with a spread of 4 on both indices Dax is a better proposition.
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Old May 9, 2003, 11:17am   #52
 
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Not a good week

Helenqu started this thread Well I'm a bit cheese off this week, down on both the futures account and the SB account. Not by much on either but the two worst trades in both accounts were as a result of poor trading. I don't mind losing when I have traded well but when it's down to impulsiveness I hate it

My excuse, and it really is one as I know from past performance is PMT, I trade much more emotionally and impulsively. It's as if the normal inhibitions are overidden. Very odd. I think when I am full time trading I may have to impose some sort of rule on myself, such as lose a trade and stop for the day. Anyway that's for the future

This weeks trades (not many of them).

Index SBs - +1, +1, +3, -17 (still trying to scalp and then going too far the other way )
Stock SBs - +7.25, +2

Futures trades - +1, -6

I'm also very involved in the PhD at the moment. Actually beginning to enjoy it a bit!!


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Old May 9, 2003, 11:22am   #53
 
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Hi Helen,

How many points on average are you trying to make scalping an index with a spreadbet? To get through the spread and make a reasonable profit I need at least 15 points.

I worked out a system and used to be able to do it with finspreads but they now seem to make their system time out every time I am in profit!
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Old May 9, 2003, 11:27am   #54
 
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Helenqu started this thread I know you are right, I aim for 20. I just think I don't have the right temperament for it. I'm too neurotic, much prefer scalping properly. Also 'cos I can't trade Dow cos of family life the lower value indices take too long to move
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Old May 9, 2003, 11:32am   #55
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Hi Helen,

If you are finding that there are times when you are not able to trade objectively, then why not decide to not trade during those times ? Being humans we are cyclical creatures and as such we are going to find that sometimes are better than others for particular activities. I find this when attempting to write music, I can sit down and have no inspiration at all and no amount of forcing it will make it better in fact it is worse. Then there are other times when I cannot get enough down quickly enough, I think that trading can be very similar.


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Old May 9, 2003, 11:37am   #56
 
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Helenqu started this thread Yes I agree, but it's a bit like Tullibodys work thing. I have only my two hours free to trade and I want to do it Bad discipline I guess
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