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05/19 Trading Recap

Today was a day where I did about everything wrong.  I let my ego get in the way and I got way to tied to the idea that we weren’t going trend and that a bounce was imminent.  The only problem with that, is you can still be right and the market can still break you.  This is where timing is key.  But timing wasn’t my main problem today.  It was definitely ego/emotion.  If I just had bad timing today, but didn’t let ego get involved, I probably walk away -$700.  However, I end up more than doubling that because I did things like lose discipline and start taking trades I had no business being in.  I also ramped up my qty after being down decent money.  This is usually a recipe for disaster as it was for me today.  When I increase qty to dig myself out of a hole, I usually just end up in a bigger hole.

This day definitely doesn’t have to be a waste.  It will be a learning point for me.  I will realize what works for me (patience, taking the best 4-5 setups per day) or I will continue to bang my head on a wall at the end of each day and wonder why.

Trade #1 – Buy 1114.50 (1), Sell 1113.50 (1).  Result: -$50.

Trade #2 – Buy 1113.50, Sell 1118.50.  Result: +$500.

Trade #3 – Buy 1114.25, Sell 1110.75.  Result: -$350.

Trade #4 – Sell 1110.50, Buy 1110.75.  Result: -$25.

Trade #5 – Sell 1114, Buy 1112.25.  Result: +$175.

Trade #6 – Buy 1110.75, Sell 1107.75.  Result: -$300.

Trade #7 – Buy 1109.25, Sell 1110.50.  Result: +$125.

Trade #8 – Buy 1109.75, Sell 1106.75.  Result: -$300.

Trade #9 – Buy 677.8, Sell 675.8. Result: -$200.

Trade #10 – Buy 671.3, Sell 672.3. Result: +$100.

Trade #11 – Buy 670.2, Buy 670.9, Sell 669.4.  Result: -$230.

Trade #12 – Buy 669.6 (2), Sell 668.1.  Result: -$300.

Trade #13 – Buy 668.3 (2), Sell 668.2 (2).  Result: -$20

Trade #14 – Buy 668.5 (2), Sell 668.1 (2).  Result: -$80.

Trade #15 – Buy 668.5 (4), Sell 667.5 (4).  Result: -$400.

Trade #16 – Buy 668.6 (4), Sell 666.7 (4).  Result: -$720.

  • PnL:  -$2115
  • High Win:  +$500
  • Avg Win: +$225
  • High Loss: -$720
  • Avg Loss:  -$293
  • Avg of Last 7 Winning Days: +$791.43
  • Avg of Last 7 Losing Days: -$772.56
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