Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
08/17 YM Short -> 17465 closed at 17490 lost 25 points (Hindsight this would have worked have but stop is stop)
08/17 YM Short -> 17481 closed at 17481 gained 10 points (Hasty entry and exit, hindsight would have worked very well but FOMC prevented me taking short overnight)
08/17 ES Short -> 2095.75 Closed 2069.5 gained 26.5 handles (Hasty entry)
08/17 ESZ5 Long -> 2090 Closed 2068.25 lost 21.75 handles (Approaching FOMC forced me to close the position)
08/19 ES Long -> 2069 Closed 2075.25 Gained 6.5 handles (Approaching FOMC forced me to close the position)
Overall managed to pull 10 handles since I started the journal but key is at hindsight every trade is a BIG winner if I wouldaaa couldaaa hang on to trades this is what happening to me all the time....
Few things I can remember
1. I am kind of emotional and afraid of shorting why? I lost a bunch shorting at highs before that is having tremendous influence on my trading even-though days are different now...
2. Position size (I am not sure why I am afraid even with one lot)
How to overcome
1. By being extra extra careful while shorting or just eliminate shorting from the trading
2. By refining my entry points using Volume Foot Print and CumDelta studies
What are you doing right, what are you doing wrong?
Your journal is only 4 pages long, but in the future it will be very important to review the journal regularly. For example, every weekend read the prior two weeks journal entries. Every month, read the prior two months.
It is only when you read them that you will start to notice patterns. These patterns are key to understanding how to improve.
May be I am looking for reasons for my crude entry yesterday but this is what I was looking even before the entry...I have a plan to add at 35 and 38 plan to buy UCO stock.