My ineptitude is beginning to amaze me.
+ .2 pips = + 40 cents
11.17.10
My break-even trading is incredibly frustrating. Any consistent positive results that I could depend on would change my life. Break-even trading week after week after month after month.... frustrating. I've got to figure out whats keeping me from putting it all together.
My break-even trading is incredibly frustrating. Any consistent positive results that I could depend on would change my life. Break-even trading week after week after month after month.... frustrating. I've got to figure out whats keeping me from putting it all together.
+ 5 pips = $43.59
+ 15 pips = + $35.69
11.09.10
Just another day of proving to myself that success will be had in trading when I completely stop forcing trades and only trade when the market comes to me.
Just another day of proving to myself that success will be had in trading when I completely stop forcing trades and only trade when the market comes to me.
- $14.92
11.08.10
If I wasn't dealing with unexpected distractions in my apartment today then I very likely wouldn't have missed the obvious opportunity like I did. Annoyed. But I'll do better tomorrow w/ no distractions.
If I wasn't dealing with unexpected distractions in my apartment today then I very likely wouldn't have missed the obvious opportunity like I did. Annoyed. But I'll do better tomorrow w/ no distractions.
+ 2.5 pips = + $31.65
11.04.10
Variable Position Sizing is what I did today depending on how far my stop had to be place away from entry I adjusted my size. Min position size was at 25 cents per pip max size today was at $5 per pip. In general my max position size is $10 per pip and my min position size is 25 cents per pip.
Variable position sizing can create some weird stats. It's possible to be negative total pips with a positive bottom line. Today my 2.5 pips for plus $31.65 suggests I was trading $12.66 per pip.
If I exit 2 places from initial entry then I'll take the average pips earned for that trade as the pip count.
The dollar figure I earn or lose in a day is straight forward and is the only number that really matters.
Variable Position Sizing is what I did today depending on how far my stop had to be place away from entry I adjusted my size. Min position size was at 25 cents per pip max size today was at $5 per pip. In general my max position size is $10 per pip and my min position size is 25 cents per pip.
Variable position sizing can create some weird stats. It's possible to be negative total pips with a positive bottom line. Today my 2.5 pips for plus $31.65 suggests I was trading $12.66 per pip.
If I exit 2 places from initial entry then I'll take the average pips earned for that trade as the pip count.
The dollar figure I earn or lose in a day is straight forward and is the only number that really matters.
-10.7 pips = - $107
10.28.10
I need a break. If my results don't show it enough already then today was the nail in the coffin. The first two trades were at $1 per pip so the loss was equivalent to a normal $10 per pip trade. The third trade was my normal size. I won't be trading again until next Tuesday. I'm mentally tired of losing which is further pushing me to do things I normally wouldnt do.
I love having losing months.
October: -27.9 pips
I need a break. If my results don't show it enough already then today was the nail in the coffin. The first two trades were at $1 per pip so the loss was equivalent to a normal $10 per pip trade. The third trade was my normal size. I won't be trading again until next Tuesday. I'm mentally tired of losing which is further pushing me to do things I normally wouldnt do.
I love having losing months.
October: -27.9 pips
-12.7 pips = - $127.03
10.26.10
Another handful/few days like this and I'll once again be reducing my trade size. I'm obviously moving my stop to BE too early on many trades.
Another handful/few days like this and I'll once again be reducing my trade size. I'm obviously moving my stop to BE too early on many trades.
- 11.9 pips = - $119
10.21.10
Something once again needs to click in my brain. When I'm struggling to find entries that make sense to me I need to figure out a way not to force trades and be OK with it. One of the more frustrating things that happens multiple times during a trading session is seeing price take off in a direction I didn't even anticipate. At least if I can anticipate it then I'll have a chance of catching a trade.
Something once again needs to click in my brain. When I'm struggling to find entries that make sense to me I need to figure out a way not to force trades and be OK with it. One of the more frustrating things that happens multiple times during a trading session is seeing price take off in a direction I didn't even anticipate. At least if I can anticipate it then I'll have a chance of catching a trade.
+ 7.3 pips = $73.00
10.20.10
One trade in the evening to help me shake off this mornings horrid performance.
One trade in the evening to help me shake off this mornings horrid performance.
- 15.5 pips = - $155.02
10.20.10
Massively out of sync with the market today. Horrible trading.... yes, it could be worse. But when the goal is consistent improvement it doesn't get much worse than today IMO.
Massively out of sync with the market today. Horrible trading.... yes, it could be worse. But when the goal is consistent improvement it doesn't get much worse than today IMO.
- 4.9 pips = - $49.20
10.19.10
I couldn't get any quick price extension from my entries. Break-even stop outs all day long. yay!! =)
I couldn't get any quick price extension from my entries. Break-even stop outs all day long. yay!! =)
+ 4.9 pips = +$49.96
10.13.10
Two undisciplined trades (circled in red) made the difference between a +15 pip session and a +4.9 pip session.
Two undisciplined trades (circled in red) made the difference between a +15 pip session and a +4.9 pip session.
+ 5.5 pips = +$55.00
10.12.10
Opened up my trading platform after work to see a low spread on Oanda so I decided to take a trade. Perhaps this can become more of a routine?
Opened up my trading platform after work to see a low spread on Oanda so I decided to take a trade. Perhaps this can become more of a routine?
+ 16.1 pips = $161.00
10.08.10
When I trade and I know that I won't be taking a signal over the next X number bars I will often web surf to fill the time. I've always figured it didn't really have a big affect on the signals that I take because there is a certain amount of "a signal is a signal" .... the signal to enter will be there or it won't and between the signals is only noise so I can surf the internet in between trades. I have learned from experience this week, at least for me, that what I thought was only noise in between entry signals does serve a vital purpose in my trading performance.... it keeps me in rhythm.
This is especially true in the short-term trading that I do. I compare watching the chart with no pending signal to a soccer player watching the action even while the ball is on the other side of the field and doesn't look like they'll be needed over the next 2 minutes. It would be ridiculous to watch a soccer player pull out their phone to surf the web while the action is away from them. Similarly its ridiculous that I do all these little mini web surfing sessions while I'm trading.
I suppose the genesis of the mini web surfing sessions occurred because they used to help me stay relaxed while my money was on the line. But I no longer have an issue with staying relaxed and surfing the web in between trading signals is taking me out of sync with the market. It's costing me money in terms of missed trades because every time I finish surfing it takes me a minute or two to get back in rhythm.
Going forward I will only be watching the charts as I'm trading. My focus will wax n' wane depending on where the action is but my attention will always remain on the charts.
When I trade and I know that I won't be taking a signal over the next X number bars I will often web surf to fill the time. I've always figured it didn't really have a big affect on the signals that I take because there is a certain amount of "a signal is a signal" .... the signal to enter will be there or it won't and between the signals is only noise so I can surf the internet in between trades. I have learned from experience this week, at least for me, that what I thought was only noise in between entry signals does serve a vital purpose in my trading performance.... it keeps me in rhythm.
This is especially true in the short-term trading that I do. I compare watching the chart with no pending signal to a soccer player watching the action even while the ball is on the other side of the field and doesn't look like they'll be needed over the next 2 minutes. It would be ridiculous to watch a soccer player pull out their phone to surf the web while the action is away from them. Similarly its ridiculous that I do all these little mini web surfing sessions while I'm trading.
I suppose the genesis of the mini web surfing sessions occurred because they used to help me stay relaxed while my money was on the line. But I no longer have an issue with staying relaxed and surfing the web in between trading signals is taking me out of sync with the market. It's costing me money in terms of missed trades because every time I finish surfing it takes me a minute or two to get back in rhythm.
Going forward I will only be watching the charts as I'm trading. My focus will wax n' wane depending on where the action is but my attention will always remain on the charts.
-16.5 pips = - $165.02
10.07.10
Another incredibly frustrating day. I could point out a few positive things but I gotta go to work.
Another incredibly frustrating day. I could point out a few positive things but I gotta go to work.
+15.38 = + $76.90
09.30.10
I'm wrapping up the month of September + 54.55 pips.
My main area of improvement this month was being able to hold onto winning trades longer than I have in the past. Over the past week I've seen improvement in avoiding max-loss days & going into next month my main focus will be on the following.
Today I took two marginal trades and one good trade. The first and last trade are the marginal trades and the middle trade is the good one.
I'm wrapping up the month of September + 54.55 pips.
My main area of improvement this month was being able to hold onto winning trades longer than I have in the past. Over the past week I've seen improvement in avoiding max-loss days & going into next month my main focus will be on the following.
- Continuing to hold onto my winning trades as long as reasonably possible
- Avoiding max-loss days
- Reducing the # of marginal trades I take
Today I took two marginal trades and one good trade. The first and last trade are the marginal trades and the middle trade is the good one.
+ .4 pips = +$2.00
09.28.10
I'm much more confident in my trading as of late. Today was a day of near misses.... hesitation & lack of focus allowed two good trades to get away from me today. I'm left with only break-even trades for the session.
I'm much more confident in my trading as of late. Today was a day of near misses.... hesitation & lack of focus allowed two good trades to get away from me today. I'm left with only break-even trades for the session.
- 10.4 pips = - $52
09.24.10
Days like this are irritating. I couldn't get anything going. The positive is that I escaped having a max-loss day & instead have a it-doesn't-really-matter-loss day. Since I'm slowly but surely doing better at maximizing my winning days I'm better able to take annoying days like this in stride.
Days like this are irritating. I couldn't get anything going. The positive is that I escaped having a max-loss day & instead have a it-doesn't-really-matter-loss day. Since I'm slowly but surely doing better at maximizing my winning days I'm better able to take annoying days like this in stride.
+ 11.59 pips = $57.99
09.23.10
Great movement in both directions today. Too bad I didn't find a trade that "made sense" until after the news releases. First trade BE, second trade winner. My stop on the winning trade is the red line on the chart and I moved my stop to BE as soon as I got 5-ish pips away from my entry.
Great movement in both directions today. Too bad I didn't find a trade that "made sense" until after the news releases. First trade BE, second trade winner. My stop on the winning trade is the red line on the chart and I moved my stop to BE as soon as I got 5-ish pips away from my entry.
+ 16.4 pips = + $82.00
09.22.10
Today was similar to my max loss day last week in that price refused to do anything but go up. I didn't fight the general direction today and eventually caught a good trade.
Today was similar to my max loss day last week in that price refused to do anything but go up. I didn't fight the general direction today and eventually caught a good trade.
- 10.79 pips = - $53.98
09.21.10
Two ill advised trades in a slow moving market. Missing the one good trade I would've seen but was away from my screen at the time.
Two ill advised trades in a slow moving market. Missing the one good trade I would've seen but was away from my screen at the time.
+ 19.59 pips = + $97.99
09.17.10
For the first 2 hours of trading I missed one good trade & felt so-so about a couple others.... then BAM caught a good trade and done for the day. Regarding today's trade I quickly moved my stop to BE. Then price came as close as possible to stopping me out before taking off in my favor. My BE was placed at 1.30504 and on Oanda's min/max chart price came up to 1.30503 before exploding downward to my target - "shrug". Of course I've been stopped out many times with price continuing on in my favor only after its stopped me out to the tick.
Have a great weekend ya'll, WORD.
For the first 2 hours of trading I missed one good trade & felt so-so about a couple others.... then BAM caught a good trade and done for the day. Regarding today's trade I quickly moved my stop to BE. Then price came as close as possible to stopping me out before taking off in my favor. My BE was placed at 1.30504 and on Oanda's min/max chart price came up to 1.30503 before exploding downward to my target - "shrug". Of course I've been stopped out many times with price continuing on in my favor only after its stopped me out to the tick.
Have a great weekend ya'll, WORD.
+ 13.9 pips = + $69.50
09.15.10
The first loss today really annoyed me because I wasn't looking forward to 3 losing days in a row. Granted I've made some correctable mistakes the past two days but 3 losing days in a row is never a good time. Anyway, I finally caught something and my stop held up. WORD
The first loss today really annoyed me because I wasn't looking forward to 3 losing days in a row. Granted I've made some correctable mistakes the past two days but 3 losing days in a row is never a good time. Anyway, I finally caught something and my stop held up. WORD
-22.8 pips = -$114.01
09.14.10
Max loss day. Incredibly frustrating. Really very tired of churning my account in sideways fashion.
Max loss day. Incredibly frustrating. Really very tired of churning my account in sideways fashion.
- 11.9 pips = - $59.52
09.13.10
Bad trade followed by not moving my stop to BE on the second trade leading to two bad trades in a row and me having to call it a day early because I've gotta get ready for my day job slightly earlier than usual.
Bad trade followed by not moving my stop to BE on the second trade leading to two bad trades in a row and me having to call it a day early because I've gotta get ready for my day job slightly earlier than usual.
+ 16 pips = + $80.00
09.10.10
Solid day. 1 Trade and done for the week. Have a nice weekend people. For me because the NFL season is starting this weekend I'll be looking forward to Sunday mornings almost as much as I look forward to trading every day. WORD
Solid day. 1 Trade and done for the week. Have a nice weekend people. For me because the NFL season is starting this weekend I'll be looking forward to Sunday mornings almost as much as I look forward to trading every day. WORD
- 7.7 pips = - $35.53
09.09.10
Second & Third trades were bad and avoidable trades. Fourth trade I didn't hold long enough.
Second & Third trades were bad and avoidable trades. Fourth trade I didn't hold long enough.
+ 1.5 pips = + $7.98
09.08.10
Two BE's, a loss and a win to finish the day basically BE at +1.5 pips. Both of my break-even trades went all the way to targets and would have made for a solid day if I could have held off for a few more minutes before moving my stop to break-even.
Two BE's, a loss and a win to finish the day basically BE at +1.5 pips. Both of my break-even trades went all the way to targets and would have made for a solid day if I could have held off for a few more minutes before moving my stop to break-even.
+ 3.9 pips = + $19.50
09.03.10
Started out great with a 15 pips winner followed by two losers. The two losers were questionable.... slowly but surely weeding questionable trades out of my repertoire.
Started out great with a 15 pips winner followed by two losers. The two losers were questionable.... slowly but surely weeding questionable trades out of my repertoire.
+ 11.89 pips = + $59.49
09.02.10
I'm going to give myself a mini "Congrats" for my efforts today. My day was pretty much going along as the day prior... looking as if I was gonna end the day with a slight draw. Then I managed to accomplish something I haven't done successfully for awhile.... I let a slow moving trade go to ALL THE WAY to target. It's easy to let a fast moving trade go to target but to allow a slow moving trade to go all-the-way to target has been a challenge for me. Today though I sat on my hands for over twenty minutes watching it crawl its way on the 30 second chart to the intended goal.
I'm going to give myself a mini "Congrats" for my efforts today. My day was pretty much going along as the day prior... looking as if I was gonna end the day with a slight draw. Then I managed to accomplish something I haven't done successfully for awhile.... I let a slow moving trade go to ALL THE WAY to target. It's easy to let a fast moving trade go to target but to allow a slow moving trade to go all-the-way to target has been a challenge for me. Today though I sat on my hands for over twenty minutes watching it crawl its way on the 30 second chart to the intended goal.
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