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Make Money Everyday - A Guide to Short-Term Trading

  • #921
  • Oct 13, 2011 9:46am Oct 13, 2011 9:46am
I thought I'd share that lately I've been keeping a trading journal, I find it's been helping a lot with my trading.
I have always logged all my trades with images and notes attached but sometimes I encounter situations that hurt my confidence. Whether that be repeating old mistakes, getting emotional and losing my cool, or letting fear get in the way of executing my orders without hesitation.
The journal provides a medium to get my thoughts out and forces me to be honest with myself about my decisions, direction and what may be holding me back in my trading.

It seems like if you can learn from your mistakes and not repeat them day after day, there is no reason you can't achieve incredible success in trading.
That is no easy task sometimes.. I think if we're not careful our ego can prevent us from seeing the true state of affairs and prevent us from taking responsibility for our decisions, which can cause us to walk in circles.
So far for me the journal has been helping me move forward.
  • #922
  • Oct 14, 2011 4:09am Oct 14, 2011 4:09am
I really think I should avoid trading Fridays, normally I'm playing so I don't have to worry, but when I am home very rarely do I trade well!

Not over yet but I ain't having fun
  • #923
  • Oct 14, 2011 7:17am Oct 14, 2011 7:17am
Quoting nhen
I really think I should avoid trading Fridays, normally I'm playing so I don't have to worry, but when I am home very rarely do I trade well!

Not over yet but I ain't having fun
To each his own - Thursday and Friday are typically the most volatile days of the weeks and I usually make most of my profits on those two days. I love Fridays.
  • #924
  • Oct 14, 2011 7:30am Oct 14, 2011 7:30am
Quoting enochben
To each his own - Thursday and Friday are typically the most volatile days of the weeks and I usually make most of my profits on those two days. I love Fridays.
Haha one man's shit, is another man's treasure

PA wasn't that bad up until mid morning London, but I wasn't on my A game.
  • #925
  • Oct 14, 2011 11:16pm Oct 14, 2011 11:16pm
Bummer I went to sleep when I did last night, there was some excellent range trading to be had on the euro!
  • #926
  • Oct 15, 2011 10:47pm Oct 15, 2011 10:47pm
A little weekend humor...

http://www.thetrader.se/2011/10/14/weekend-recap-chart/
  • #927
  • Oct 15, 2011 10:56pm Oct 15, 2011 10:56pm
Quoting mongolian
A little weekend humor...

http://www.thetrader.se/2011/10/14/weekend-recap-chart/
  • #928
  • Oct 16, 2011 5:20am Oct 16, 2011 5:20am
Just started watching this -

Inserted Video
  • #929
  • Oct 17, 2011 3:09am Oct 17, 2011 3:09am
Quoting nhen
Just started watching this -

http://www.youtube.com/watch?v=4ECi6WJpbzE
Nice video - thanks for posting.
  • #930
  • Oct 17, 2011 6:10am Oct 17, 2011 6:10am
Tonight's London chart, don't think I'll trade NY, or if so only a little bit of it. Somehow I'm still on the computer without a break from London.

Arrows as always -

Blue - not take but possible trade
Red and Green - obvious
Light Red and Green - half positions

Some more issues with trading with half positions, I still don't have a plan with them and it shows. I need to figure out when to use them, otherwise I just use them when I am fearful.

There were two great lil trades after I finished trading for London. Hope someone else got them
Attached Image (click to enlarge)
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  • #931
  • Oct 17, 2011 12:40pm Oct 17, 2011 12:40pm
I stole this from a blog I read today.... Love this.

LOSE Your Opinion - NOT Your Money. We cannot impose our will on the market (that is what the amateurs do). Just trade what you see. ~ Guy Cohen
  • #932
  • Oct 17, 2011 12:59pm Oct 17, 2011 12:59pm
Quoting mongolian
I stole this from a blog I read today.... Love this.

LOSE Your Opinion - NOT Your Money. We cannot impose our will on the market (that is what the amateurs do). Just trade what you see. ~ Guy Cohen
c'mon dude! give up the source blog!
  • #933
  • Oct 17, 2011 6:55pm Oct 17, 2011 6:55pm
Quoting enochben
c'mon dude! give up the source blog!
http://www.leadingtrader.com/

He put that update on his Facebook newsfeed today. Don't know if he has it on the blog anywhere today... but that doesn't matter. I like this guy.
  • #934
  • Oct 17, 2011 10:41pm Oct 17, 2011 10:41pm
Quoting mongolian
Nice video - thanks for posting.


Quoting mongolian
LOSE Your Opinion - NOT Your Money. We cannot impose our will on the market (that is what the amateurs do). Just trade what you see. ~ Guy Cohen
  • #935
  • Oct 17, 2011 11:09pm Oct 17, 2011 11:09pm
Quoting mongolian
http://www.leadingtrader.com/

He put that update on his Facebook newsfeed today. Don't know if he has it on the blog anywhere today... but that doesn't matter. I like this guy.
Ah this is the Goldman Sachs rules the world guy!
  • #936
  • Oct 18, 2011 3:27am Oct 18, 2011 3:27am
Inserted Video
  • #937
  • Edited 3:41am Oct 18, 2011 3:31am | Edited 3:41am
A few trades from London Open, removed my last order as news is on the way. I have a habit of getting out for the news too early and missing moves.
Price made the mid below.. maybe I will learn this time and not do it again
Same goes for too early moves around the figure!

Might be back in an hour once the few news announcements are done with.
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  • #938
  • Oct 19, 2011 5:19am Oct 19, 2011 5:19am
Once again half positions are killing me

4 hours of work and 13.5 pips :/
Better than being - but if I had used full positions on all my trades I would have made 27.
In saying that all I need is 12 a night to reach my monthly targets.

Now would you jerks post some charts, getting lonely here posting my charts

EDIT - minus 10 at figure could have been avoided, my rules are to wait for price to move past the last low at the mid before trying a short there. Just forgot
Also could have gone long there quite easily.. I think that was news so I was putting the rubbish out.
Attached Image (click to enlarge)
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  • #939
  • Oct 19, 2011 10:52pm Oct 19, 2011 10:52pm
Quoting nhen
Once again half positions are killing me

4 hours of work and 13.5 pips :/
Better than being - but if I had used full positions on all my trades I would have made 27.
In saying that all I need is 12 a night to reach my monthly targets.

Now would you jerks post some charts, getting lonely here posting my charts

EDIT - minus 10 at figure could have been avoided, my rules are to wait for price to move past the last low at the mid before trying a short there. Just forgot
Also could have gone long there quite easily.. I...
No charts - we're enjoying yours soo much. Keep them coming! First signs of fall here... Temp will get all the way down to 61 degrees tonight. BRRRR. I may have to wear TWO T-shirts in the morning....(That's 16 degrees C for you my Australian friend).

Mongolian
  • #940
  • Oct 20, 2011 10:56pm Oct 20, 2011 10:56pm
What do you see in this week's PA? What is it telling you?
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