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Small loss, I went against my own trade rules/setup. I saw resistance 4083.50, and went in short. I should of waited a bit more patiently since the EMAs were on a "long" trajectory.
Good: stop trading after small loss and breaking trade rules.
Bad: went against my setup, wasn't patient, didn't have trade break (9-11 mins) in between trades.
Welp, I messed up. I blew up my accounts due to the max trailing drawdown. It sucks that I have to reset green accounts. Its an annoying ass rule, but I need to fix my trading flaws.
I started the day green, and kept trading. I broke all of my trading rules. At one point, I could of walked away, but I didn't. That small loss became a big one. I sized up randomly and got tilted.
I wanted to make $XX dollars by XX day. Now, the pressure is even more after doing another reset. I was half way to meeting the 20k target goal. I let the money and the timeline get to my head.
I've reset my accounts. Moving forward, I have two goals in mind to start my trading day.
1) not touching my already configured ATM size count.
2) closing NT8, if the trades aren't going my way. I'll just have to walk away to survive.
The following 6 users say Thank You to injpowwetrust for this post:
Today was a good day. I focused on the present. I did break a few rules, but I did kept my emotions in check today. I did not let a green day go red. I also didn't let my red trades get to me.
Rules I broke:
DCA - I had terrible entries, fomo and rushing in. This is not something I want to continue doing. I should instead cut them fast. I was just looking around in the higher time frames and just pulled the trigger, LOL. Bad entries all around for me, since I don't use a wide enough S/L range.
holding losers too long, or at least not setting my trade to be B/E when up a few ticks on bad entries or questionable plays.
I was able to walk away.
There are a few things, I need to work on in order to become more consistent. I would like to focus on these this week:
1) size small when green
2) size small when red
Stay frosty, Stay green. I notice I'm eager to jump into a trade, especially with the first trade of the day.
I will update with a chart breakdown in two days. [ tradersync ]
trade #4,5,6 - big ooof, got in too soon, should of waited for price to settle or pick a direction. These were green trades that went red. I should of hit the B/E shortcut. The price action was not favorable.
2.22.2023_chart_clean
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The following user says Thank You to injpowwetrust for this post:
2.23.2023 - 3.02.2023 : Took a short break, woke up last Thursday feeling like shit, so I slept in. I didn't feel any better the next couple days, so I stepped away from trading.
Today was a wild day, fortunately, I was able to keep my emotions in check. I start off very red this morning, around -3k. I kind of lost it, I guess. I didn't take time to watch, or let the price/candle play out. Luckily, I was able to recollect myself. I decided to stay small and chip it down slowly over time. I kept repeating to myself over and over again, "Defense wins championships". I kept trading defensively and it got me out of the hole. It allowed me not to get upset when my trades got stopped out or ended as a loss.
My entries and exits were a complete shit show today.
Stay safe, stay green friends! Hope everyone had a good week.
3.3.2023_summary
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The following user says Thank You to injpowwetrust for this post:
Welp, today didn't turn out so good. I need to do another round of reset. I start off in the morning small red, started to size small and got a bit green. Sometime later, I started to get super confident and started to size big, going short. Unfortunately, I was too early. I also decided to add more size and move my original s/l. (broke the most important rule, ughh).
My trailing stop loss didn't hit, but its pretty much close enough where I would need to reset my account. I'm not sure why I did that, I should of taken the loss. I think this is due to my of my sense of urgency to pass the eval. I'm disappointed in myself, but I believe this is an uphill battle that I can overcome.
todays takeaway :
1) TAKE YOUR DAMN TIME, take it slow!
2) fuck your ego, take the damn loss.
I've reset my account and I'm ready to go at it again. I can do this, I know I can!
Hope everyone else had a green day!
Stay safe, stay green friends!
The following 5 users say Thank You to injpowwetrust for this post:
Thanks for keeping us updated. I'm following your journal with interest.
Your observation is correct. It seems that you are pushing to hard to pass it as soon as possible. I've been there myself. where i failed evaluation being 200 dol short from target.
Have you considered to pass it in a couple of months. that way your stress level will be reduce.
It will also allow you to reduce the trading size.
The following 2 users say Thank You to tr8d3r for this post:
If I were to label today, it would be "COPIUM". I traded with some good habits, and had some bad habits creep up. Namely, resorting to moving my S/L. Ugh. Looking back, I should of stop trying to force trades after trade #54. The good thing, was I got off and took a break. Unfortunately, I couldn't stay off and came back on a bit later. I was lucky and able to end the day green. A mix of good and bad today, I will try and do better tomorrow.
Take ways today:
good:
- took a break
- recovered from a loss, traded up to profit
bad:
- moved my s/l
- didn't stay small
- came back to trade later on in the day
Rules:
- stay small
- stop trading when giving back half your p/l.
Changes:
1) 3000 ticks instead of time frame: (3/15/30/60)
2) limit the amount of contracts added on during a "winning" trade that is running. 1 additional lot
Hope everyone was able to stay disciplined today. Stay safe, stay green friends!
Song of the night - Take it easy - Eagles
3.7.2023_summary
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3.7.2023_tradez1
The following 3 users say Thank You to injpowwetrust for this post:
