Apex $25K Day3

Goal: Get back to $25K and stop for the day.


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Lesson Learned: Today once again I traded poorly but was able to resist from moving stop and taking a beating. However, I took a beating with my trades putting my evaluation account in liquidation.

I will reset the account and trade keeping in mind, like another here mentioned, this is a difficult time to trade.

Pat on the back, 2-days of not moving stops, maybe hope for me!

Apex $25K Reset

Goal: Didn't set any goal today, was only positive about trading hoping to make a few good trades.



My chart somehow got deleted while trading near the end of my trading today so I had to redraw lines.

Lesson Learned:
Like every trade this month my first trade was a loss. Very hard to stay motivated when this happens. Was able to have 3 good consecutive trade then 4 losing trades, one being breakeven.

Mindset I need to fight, which I struggle with. I can't get passed the fact that the World is close to WW3, total unknown before January 20 and the market reacts like everything is wonderful. Trade what I see not what I think!

Overall I got frustrated today and let one of my Stops go beyond the prior candle or 10 ticks. Will see what tomorrow bring.

Apex $25K Liquidation

Goal: Get back to $25K and stop


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Out of shear frustration along with a feeling of no normalcy in the market, I decided to on my last trade to move my stop beyond logical thinking and breaking my promise of not taking more than an 8-10 point stop loss. I was anticipating a second leg down, but price action instantly turned against, breaking resistance and I felt a stop hunt coming, again! I set my stop thinking it would turn back in my favor or take me out. I left for breakfast, and you know the rest of the story.

Historically I average around a 60%-win ratio, but this month averaging 25-30% win ratio. I started this journal to help me stay accountable with keeping stops from liquidating my accounts. For the majority of the trades, I was successful not moving the stops. I am going to take the rest of the year off from trading, much needed after 1 year straight of day trading. I'll do some studying and pick back up first of next year.

Update

I had planned to give myself a break from trading until the start of the new year but only after a few days away I jumped back in, am I addicted or am I just determined to succeed?

I traded poorly for the month of November; in hindsight I would say it could have been caused by but not necessarily, I had a major surgery scheduled for the 14th of that month. I realize now that for two weeks after that surgery, I traded my worst that I could recall 25-30%. It has now been 7 weeks since the surgery and since then, I have purchased and passed an Apex $50K Evaluation.

What I have learned and what it has taken to pass that evaluation. I have learned that the more time spent in front of the chart trading, the more I can't see clearly what PA is telling me and the more losses I take. I have determined what dollar amount I want to achieve each day and when I acquire that amount, I am out for the day. If I finish early, I will switch to simulated trading for a while just to keep up with how PA reacts to my drawn support/resistance levels.

As far as not moving my ATM stops, I have done a lot better. My patients is better before entering a trade, then profiting off the continuation of the move. At this point in my trading, I feel that scalping a couple points is the only sure solution to being profitable. In other words, take what the market will give you. If I become consistent, I will purchase and begin to use a trade copier to enhance the income, but not by looking for bigger moves in the market.





Last name removed for privacy

Later,

JMAL 

Update I had planned to give myself a break from trading until the start of the new year but only after a few days away I jumped back in, am I addicted or am I just determined to succeed? I traded poorly for the month of November; in hindsight I would say it could have been caused by but not necessarily, I had a major surgery scheduled for the 14th of that month. I realize now that for two weeks after that surgery, I traded my worst that I could recall 25-30%. It has now been 7 weeks since the surgery and since then, I have purchased and passed an Apex $50K Evaluation. What I have learned and what it has taken to pass that evaluation. I have learned that the more time spent in front of the chart trading, the more I can't see clearly what PA is telling me and the more losses I take. I have determined what dollar amount I want to achieve each day and when I acquire that amount, I am out for the day. If I finish early, I will switch to simulated trading for a while just to keep up with how PA reacts to my drawn support/resistance levels. As far as not moving my ATM stops, I have done a lot better. My patients is better before entering a trade, then profiting off the continuation of the move. At this point in my trading, I feel that scalping a couple points is the only sure solution to being profitable. In other words, take what the market will give you. If I become consistent, I will purchase and begin to use a trade copier to enhance the income, but not by looking for bigger moves in the market. Last name removed for privacy Later,

Congrats Joe, Fantastic work. Your goal now is to keep it growing and make it last.