Drtro's Attempt At A Journal

drtro

Active member
216 21
I haven't forgotten about this journal. I've just been busy this past week. I failed my bump after a $12 hit Monday. So hopefully next Friday I get a bump. Will be at 20 shares then.
 

drtro

Active member
216 21
Today was my first losing Friday ever. I fell asleep while holding GOOG and TSLA with no stops. Won't happen again!

Monday, I will begin logging trades again. I was up 1% my first month. Yesterday's IPO crapshoots and today's loss puts my profit back at ~0% so it's like starting over. It was also my first time losing two days in a row. I've had three two day winning streaks and my longest win streak being five days, so I'm still confident I can turn things around.
 

drtro

Active member
216 21
9/22/2014

Didn't take today too seriously. I was working on a new freelance project so I was only watching the charts every 15-30 minutes. I've only been 20% successful on Mondays so I was wary of trading. I didn't want a 3 day losing streak. Trading 1 share today.


10:32AM LONG AMZN $322.70
10:37AM EXIT AMZN $323.29
+$0.59/share

Entry on 5m engulfing candle. I got out early. My profit target was $1 at $223.70, but I was busy and didn't want it to run against me because I wasn't paying attention.

10:49AM LONG BABA $90.90
10:54AM EXIT BABA $90.30
-$0.60/share

Was watching BABA for a signal to move back up to the $91-92s. I got in a bit higher than I wanted. Was looking to get in around the .60-.70 level but I got distracted. Turns out it was just a stop run for lower lows.

12:30PM LONG ALXN $158.26
1:32PM EXIT ALXN $158.57
+$0.31/share

Engulfing candle on the 15 minute. This will likely be my last trade of the day. Profit target is $1.00/share but anything above $0.50/share will be a win for me. I was reaching on $0.50/share profit and started watching it. Didn't like the gap nor the Level II so I took my profits early.

1:00PM LONG GOOG $585.50
1:29PM EXIT GOOG $886.63
+$1.13/share

GOOG was long on both 15 and 30 minute charts. Planned to sell around $1/share profit.

I'm done for today. Didn't even pay attention to the market that much. Much less emotion involving the longer intraday time frames. +$1.39 NET PnL. That's $1,390/1,000shares. Glad to have a winning Monday. It's only my second. Will bump up my share size if I can continue to make $1/share a day on my new strategy.

I was 75% successful but I'm a bit disappointed I didn't hold until my initial profit target on a few trades.
 

drtro

Active member
216 21
I'm done recording every trade as it's getting to be too many. But today, I made about $0.20/share scalping AAPL. I was 14/5 W/L on my trades.
 

drtro

Active member
216 21
Since the 22nd, I've gone 5-1 in days and I'm 86.6% successful on my trades. Made $16.08 today trading 1 share at a time.
 

drtro

Active member
216 21
I've been developing a higher risk reward method these past few days. I had 2 large losers which skews my current R:R statistic, but I've been overall pleased with the results.

I am 45.70% successful on my trades. I've been trading 2 shares per trade on 1 minute chart movements. My average win is $0.79 and my average loss is -$0.91. However if I ignore those two losses, my average loss would be -$0.16, making my R:R ratio 4.9375. :cool:

I'm going to continue trading this way throughout the end of the year. If I'm still >40% successful with a >3 R:R ratio, I will start trading 100 share sizes.
 

drtro

Active member
216 21
Made a $1.04 winner today and a $0.08 loss. Keeping my RR up. Today has been crazy though. Not going to trade this noise.
 

drtro

Active member
216 21
This week, I had 15 winning trades and 16 losses. My average winning trade was for $0.95 profit and my average losing trade was for $0.50, making my R:R ratio 1.9. I had one trade that was a loss of $5.40 due to technical difficulties within my platform (clearing firm went offline). If only that trade was nulled, I would have been 50% at a 5.6 R:R ratio this week. Monday, I lost $1.50. Tuesday I made $0.33. Wednesday I made $3.13. Yesterday I made $0.40. Today I made $2.59. Keep in mind I am only trading 2 share sizes. This week would have been $247.50 for a 100 share size trader or $2,475 for a 1,000 share size trader.
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock