Monday, March 31, 2014

March 31st

CL +.09
Kinda slow day for trading. I am trying to lessen my losses on the loser trades. I am recording in excel how many ticks of heat I take on the winning trades and take that double the average as my stop for the trade. Right now its around 2.5 ticks of heat so around 5-6 ticks is when am looking to get out of the trade with a loss.

Friday, March 28, 2014

March 28th

CL +.15
Not happy with the trading today... Trades #1 and #4 were fat finger trades. Trade #1 I was still asleep and entered a long when it should have been a short. Trade #4 I hit the close button when I wanted to center the DOM...

Thursday, March 27, 2014

Market Replay - December 12th

CL +.21

March 27th

CL +.08
Kinda slow day of trading took only the trades I thought were decent. My only loss was a trade I cut short and took a 4 tick loss. Was not moving the way I liked it, so I cut my losses early. Turned out it would have moved in my direction and hit my target with ease. I $160 swing there, but oh well. Made 8 ticks for the day.

Wednesday, March 26, 2014

Market Replay - December 11th

CL +.18
Seems I have the market replays down. Getting more and more consistent with my trades. Just need more patience and I'll be ready for the acid test.

March 26th

CL -.22

Monday, March 24, 2014

March 24th

No trading today or tomorrow the 25th. Have business to take care of. I'll start trading again on Wednesday.

Friday, March 21, 2014

March 21st

CL -.32
Ugly day, light volume. Should not have traded. Lesson learned I hope...Last winner was good but was away from the computer on the good move down just before my last trade.

Thursday, March 20, 2014

Market Replay - December 9th

CL +.20
Kept the losses small and waited for my setups. Caught a good runner at the end for the 20 tick winner for the market replay.

March 20th

CL +.01
Not a good day for me... First trade was a winner. Second trade, not so well... There were at least two or three setups between those two trades that would have produce winners and I would have been done for the day. Instead I got cold feet pulling the trigger and lost out... Turned a winning day into a break even day.

Wednesday, March 19, 2014

March 19th

CL +.12
Had a long night at work last night so I got up very late. Traded two setups I like late in the trading session. Both winners but on the second one got a little cold feet and only took 2 ticks for the win instead of the full scalp of which I was looking for.

Tuesday, March 18, 2014

March 18th

CL +.16
Good day trading. Clear and easy entries that had one or two ticks of heat.

Monday, March 17, 2014

March 17th

CL +.17
Nice easy day of trading all the setups I like are producing winners. I am going to stick with making 16 ticks a day and keeping my losses at minus 32 ticks. I have reset the stats and will see what happens at the end of the month. I need to work on discipline and patience. Only loser of the day was my runner not producing. If I had worked the scalp instead, it would have been a +25 tick day instead of the +17, but all in all it moved like it should have and am happy with the results.

Saturday, March 15, 2014

Market Replay - December 6th

CL +.30
Only one trade executed. Took my time and entered on a setup I know and with established support right underneath my entry. Trade took off from there for a total of 30 ticks. Should have stayed in for 14 more ticks realistically but I could not move my target fast enough out of the way... Very happy with my patience and that is what I need to work on the most out of anything.

Friday, March 14, 2014

March 14th

CL -.67
Terrible trading day. Chasing trades that just aren't there... Was plenty of opportunity to make good sound trades off the setups I know that work and work well... Need a lot more patience. I am going to reset my stats and try again... I have to get through this mental block somehow.

Thursday, March 13, 2014

March 13th

CL +.16
Only two trades today... Trying to be patient but feels like Paralysis by analysis... lol. All in all a good trading day

Wednesday, March 12, 2014

March 12th

CL -.02
Tired shorting a sustained move up instead of looking for a good pull back area... Was not a good idea. Gave all my profits away too that way of thinking... Was proud of the of the last two trades, recouped all my losses in two trades that were setup the way I called them.

Tuesday, March 11, 2014

Market Replay - December 4th

CL +.30
Well another good market replay. Watching for support and resistance and being patient. Now I just need to move this over to real time sim trading. I know I can do this.

March 11th

CL -.12

Sunday, March 9, 2014

Market Replay - December 2nd

CL +.18
Went back to the drawing board to learn all over what I have forgotten. I have been watching the 1 0n 1 sessions in the member's area and learned I am not nearly as good at this as I thought I was. Ed and now it seems Ken, are truly gifted traders and I have a lot to learn from them. Especially when it comes to their views and attitudes toward this market. You have to be very patience and wait for your setups that you have total confidence in. Taking those setups EVERY time because in the long run those will make you the money and that's what its all about.

I shaded two boxes and label them on my chart. Those are two trades that should have been taken and would have given first target easily. Nice pullbacks to established S/R.

Thursday, March 6, 2014

March 6th

CL +.05
Loss money to commissions but I feel it was some of my best trading to get back to even.
Lunch time trades hit first target on both trades but neither filled. Got out +1 tick on both..