Terribly slow day, just didn’t work!
Terribly slow day, just didn’t work!
In this genre of posts, I am going to compare the current 10 days vs the previous 10 days
Voila! Those are my stats
Alright the tunnel has brightened up by marginally. Things are at least moving in the right direction. My data set is still pretty small though and lets get this bigger and better soon. I am going to keep fighting for this dream. You have to believe your dreams first before you can go out there and achieve them. I do and I am working my butt off to get there.
Trades : 2
In the green today. 2 mistakes. Second trade ‘OCLR’ the risk-reward wasn’t too great. Ideally I would not have taken it. Having taken it, I got out too early even though the chart did not really show any technical sign of weakness. I got scared out. Still learning this one.
Today I have never been more pissed at my trading screen than ever before. The below will explain.
TTIM did exactly as I expected. I had my limit order in at 13.84 for 600 shares. Guess what the fuck happened! My fucking, fucking, fuckshit, dipshit, motherfuck cracker jack piece of wanker banker TRADING PLATFORM decides to fuck up. It tells me I got no buying power. I slam that god damn piece of cunt filled button again but the dam dipshit motha fucker decides to fail on my ass again. This time i contact my broker and 20 FUCKING MINUTES later they reply that there was a technical glitch and restricted my BP even though it shows the ‘right’ amount on the platform. I seriously felt like throwing a chair. The perfect set-up comes along and only god can explain why it had to not work at this time.
Breathe. Breathe. Breathe. I counted to 10 and vented my anger at my phone to a dear one. Poor lady had to absorb my wrath. Breathe. Breathe. Breathe.
Then I took this trade below: FTR
No surprises there this one did not work out. The set up was perfect but the gods were not on my side. Lost 10 cents on this. Kept it tight because it started looking iffy and was not going as planned.
Does not feel good today. Felt like hardwork and planning went down the gutter. To a new day tomorrow.
Ok so the trading day is done and dusted. The bottom bounce set-up just did not come to fruition. It was a true test of patience the last couple of days and we will wait for it to come. Be patient Jack!
Good things today:
In other news, I miscounted. I still need two more trading days before my 10 Day Analytics. Its coming I promise. Also I forgot to screen shot my P&L today but rest assured its at -36. A toute!
Today is a little bit special. I have not finished trading but I am already writing my report. I just wanted to vent a little bit of frustration here. I have never traded a 5 min scalp set-up on a 5 min chart. I usually gauge them on a 1 min. However, I have always intended too. Whenever I wanted to I have missed my entries. I remember that beautiful one on ZN a couple of weeks ago. SO! Thats what I did below.
Now you can see my clear risk line and my entry line. I stooped out before the fair graph support. Why did I do that? Honestly I do not know. I was conflicted between two rules:
a) Up or out
b) Do not stop out too early.
Call it emotions but the market recently has been a bore. Anything that runs up just gets struck down. So that’s how i reacted. Plus it’s my first time on a 5 min. That matters because range is usually bigger and waiting times are longer for your play to work. I am clearly still a work in progress. Lost about 7 cents on this sucker with a P&L of -36. Not too atrocious i would say. Plus I need to stop letting one trade change my viewpoint. I have heard a ton of professional traders screaming to use a large enough sample size to judge the viability of your strategy. I guess this one trade does not mean much but it surely leaves some sort of impression.
No trades today. Just watched the markets. The new set-up just did not pop up today. No opportunity means no trading. I am proud of myself today.
In other news:
NVIV – Almost formed a bottom bounce set up here but just missed my qualification to trade.
Tried to get an entry pre-market around 1.75. Missed that. Opened way to high for my risk level based off pre-market support at 1.50. Sat back and enjoyed the show.
Tomorrow I will be doing me 10 Day Analytics recap. Excited!