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05/06 Trading Recap

Trade #1 – Buy 1162, Sell 1163.  Result: +$100

Trade #2 – Buy 1163.25, Sell 1160.75.  Percent R gave a long signal at 1161.75. I wasn’t feeling so strong about this signal as the ES didn’t confirm on the 5 or 15 min charts.  I originally skipped it.  but as today was a boring day I decided to hop in the Alexander Trading room.  Tom was discussing how he thought the market was leaning short and how he thought we could see a nice pop.  As he was saying that the mkt started to run.  I do know my stats and once the setup get +1 pt there is definitely a decent chance for a full target.  I got in 1.5 pts late.  I kept the stop at 2.5 pts vs 1.5 pts due to the location of the VWAP.  I should have just trusted my gut and gone with what I was feeling vs. being influenced by the room.  Result:  -$250

Trade #3 – Buy 1158,  Sell  1159.  ES 5 Min percent R, 15 min percent r crossed to oversold as well it retesting the lows of the day and the IB low.  I decide to sell at 1159 as I saw it hit 1160 and then just give up.  Thought today might be a good day to keep the targets small.  Result:  +$100

Trade #4 – Buy 1156.75, Sell 1153.75.  Result: -$300

Trade #5 – Buy 1154, Buy 1153, Sell 1152 (4).  Result: -$300

Trade #6 – Buy 1152.50 (4), Sell 1151.50 (4).  Result: -$200

Trade #7 – Buy 1150.25, Sell 1152.75.  Result: $+250

Trade #8 – Buy 1150.50 (4), Sell 1151 (2), Sell 1147.50 (2).  Result: -$250

Trade #9 – Buy 686.3, Sell 686.3.  Result:  Scratch

Trade #10 – Buy 1155.50 (4), Sell 1153 (4).  Bought it as the 15 min percent r chart gave a short signal and once it hit +2.5 pts it jumped 1.5 pts.  I bought thinking it would for sure just go and get stop out the trade for break even.  Result: -$500

Trade #11 – Buy 674.8, Sell 678.8.

Trade #12 – Buy 676.8, Sell 677.3.

Trade #13 – Buy 676.7, Sell 674.7.

Trade #14 – Buy 671 (2), Sell 668.7 (2).

Trade # 15 – Buy 669.4, Sell 669.5.

Trade #16 – Buy 668.6 (1)  668.7 (1), Sell 668.2 (2).

Trade #17 – Buy 668.4, Sell 669.9.

Today was a pretty terrible day for me.  I knew it had a chance to be as yesterday was such a good day but not necessarily on good trades.  I had a real chance to make some good money today if I had just followed my system.  The problem is I let my biases really get to me and wiped out all of yesterday’s gains.  This is the 2nd time in the last month that I really lost my discipline and just started trading whatever I could my hands on.  If I don’t fix this I’ll definitely not be able to make the jump to consistently profitable trader.

  • PnL:  -$1350
  • High Win:  +$200
  • Avg Win: +$133.33
  • High Loss: -$500
  • Avg Loss:  -$300
  • Avg of Last 4 Winning Days: +$725
  • Avg of Last 2 Losing Days: -$750
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