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It's ok to screw up. A "master" trader is just someone who has made all the mistakes already. Keep moving forward and learning from the mistakes, that is the key.
I could not sleep very well, too early came into work, too late went home, but I was still prepared for fight with you, my friends . I followed market around 1 hour before my trading session began and I marked up some interesting areas, which helped me during trading. Longterm direction of market is clear, but what about intraday moves..CL is not for me still enough readable, I really have to dive into it to catch the rhythm (today wife not at home , perfect conditions) . Finally, I was able to finish day in profit and it makes me happy. Lets have a look on trades
Trades
nr.1 this one was not perfect, I saw that price got through demand area and on first pullback I went in. It took about 1 second?? to kick my a** .
nr.2 direction of market was clear for me more than enough, so I was waiting to get signal on bounce from demand area and it worked.
nr.3 this trade was for me quite uncomfortable, because of price breaking into new highs and I am not very experienced in these situations.. but the power of market got rid me of unsure feelings quickly. Signal based on bounce from broken supply area.
All trades managed on RB3, it pushes me to be more focused and keep my mind sharp, so one step back..
i had weekend in a rush, my father celebrated birthday, friends invited me and my wife on wedding, my boss has birthday today...lot of celebrating, food, drinking . I had to breathe out, so I run my usual track before trading to clean my body, mind. And it was great! I came little bit late to markets, but I felt very fresh and prepared to follow "the story" of markets. Unfortunately, it was too much in sideway move during my session, so I had to pay attention - not to jump too soon. I had couple opportunities, but it was hard to get in in time. I felt from beginning enough power from buyers side, when price went up, it made jumps, but pullbacks at short side were more gently? I dont know how to describe it better..
I did only one trade with 0$ result, then I missed 2 signals. First one to short was not clear to me - I was thinking about power of buyers and it would work, but we dont make money with "woulda, coulda" as I saw it here on forum. Second occasion was clear to me, before I put order entry it was too late and then I didnt find good place for another trade.. I am not upset, I did well in worst part of session, which makes me feel pretty good. Next thing is about making money...it will come tommorow.
today no shooting in markets...we had many guests at home, so I had to "clench teeth" and hold on. I observed markets after close and found only one valid signal. I feel not happy to miss todays session. I am trying to take this paper preparation as serious as possible, so that is the reason. I have to do my best - so good night, I have to be prepared and fresh for next day, I am not going to count sheeps, I will count $$$ .
beginning was not very active and I was loosing interest about markets, then finaly came move and I couldnt wait for a solid signal, so that was a first big mistake and of course a loss. Then I followed price very carefully, but it didnt help me to have a winning trade. Another 2 trades were based on same signal - bounce on broken demand level, I thought, that there was enough space for short, but when I finished trading, I found this strong area - demand level from day before a yesterday..so I marked it with thick blue lines.. my bad.
hmm, what to say..I thought, that Bluemele will be on the other side, so he could take some $ back from me .
Thank you for sharing your journal. I enjoyed going over some of them. Trade journaling is extremely important so keep it up. I'd like to view them more regularly if you don't mind.
I am very pleased, that you found something interesting in my journal. My attitude and resolve is constant, so I will continue..I hope, that I will bring more positive changes in my way of trading, that will be most inspirative to me for keeping this journal .
in short...lot of mess in charts, fast moves and no trades. Maybe the best result I could achieve today,
it was very dynamic and I had no chance to control trades. I canceled couple orders and it was a good idea.
I envy but wish to all traders todays profit .