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Today was a tough trading day as I only traded the close. I was trading to make money not to make good trades
positives:
1. Traded The E Mini without too much emotion
2. Only traded Nasdaq
3. Traded Fed Volatility
Improvements:
1. Nerves created hesitation
2. Held a micro swing just cause I did not want to take a loss
3. Did not follow my morning routine
Key statistics from the day:
Total Profit/Loss: +38 Ticks
Profit factor: 1.44
Total Trades: 7
Winning Trades:3
Losing Trades: 3 Breakeven: 1
Average Winner: 41 Ticks
Average Loser: 29 Ticks
Largest Loser:41 Ticks
Largest Winner: 67 Ticks
Average MAE: 24 Ticks
Average MFE: 28 Ticks 2023_09_22 (12_20_21 PM)
Today was a positive day overall, still working on my focus so I can be in a peak state during screen time.
positives:
1. Risk was a consistent 40 Ticks all day
2. Only traded Nasdaq
3. Held trades a bit longer
Improvements:
1. Still fighting with the need to be right on every trade
2. Accepting that you never can catch all the trades
3.Being more alert and focused during trading day
Key statistics from the day:
Total Profit/Loss: +89 Ticks
Profit factor:99.00
Total Trades: 4
Winning Trades:4
Losing Trades: 0
Average Winner: 22 Ticks
Average Loser: 0 Ticks
Largest Loser:0 Ticks
Largest Winner: 31 Ticks
Average MAE: 13 Ticks
Average MFE: 28 Ticks _ 2023_09_26 (4_30_14 PM)
Focusing on just the 1 minute chart and Cumulative delta has been a huge help in fighting my hesitation and fear of putting trades on. Also to a tip from another trading journal of not having My P&L up while in trades or while flat big time help with trading psychology and progress.
Today was a red day trading but a big time growth day
positives:
1. Risk was a consistent 40 Ticks all day
2. Only traded Nasdaq
3. Had a solid winner that paid for most losses
Improvements:
1. Still fighting with the need to be right on every trade
2. Traded in the same zone several times led to consecutive stop outs
3.Being more alert and focused during trading day
Key statistics from the day:
Total Profit/Loss: -43 Ticks
Profit factor:0.73
Total Trades: 8
Winning Trades:2
Losing Trades: 4 Breakeven: 2
Average Trade: -5 Ticks
Average Winner: +59 Ticks
Average Loser: -40 Ticks
Largest Loser:-40 Ticks
Largest Winner: +112 Ticks
Average MAE: 27 Ticks
Average MFE: 42 Ticks
Today I had several trades that had 40 ticks of profit that turned into breakeven or losses, part of the game. My one biggest mistake is the runner i caught near close I killed it at +3R when it was a 6R runner lessons learned .
Today was a green day but I really missed the big picture today.
positives:
1. Held a trade to peak exit.
2. Only traded Nasdaq
3. Only one trade today
Improvements:
1. Was tired which led to not trading some great moves
2. Trading more through out today
3. Cut out distractions on chart.
Key statistics from the day:
Total Profit/Loss: +65 Ticks
Profit factor: 99.00
Total Trades: 1
Winning Trades:1
Losing Trades: 0 Breakeven: 0
Average Winner: 65 Ticks
Average Loser: 0 Ticks
Largest Loser:0 Ticks
Largest Winner: 65 Ticks
Average MAE: 9 Ticks
Average MFE: 67 Ticks _ _ 2023_09_28 (12_59_37 PM)
That is a very interesting approach I just reviewed my trades and my MFE on average is around 33 ticks so using a 20 tick profit target on 2 Contracts may be a constructive alternative for capturing profits, thank you
