Sunday, June 29, 2008

Update..

Haven't posted lately, all graphs seem the same, breakout, buy, after a while sell, etc. so I didn't want to bore everyone out, or myself for all I care.

I see a pattern because I write a detailed journal of my every day trades, it seems that I keep having a few small up days, and then a big one or two down days, which sux, so I have to limit those down days.

I was breaking even 3 weeks ago, since my initial R was 20$, and then I higher it to 30$, and lost few days one after the other with the new and higher R, last week my R was 35$, and I made about 3R or something, since I didn't trade all week, this week my R will be 40$, I'm getting used to the higher risk reward slowly but surely, when I'll have R= 70$ I will need to re-finance my account, since it won't be able to support the high R.

right now I guess its more of a practice, because I really don't make much money, and I just want to see that it is consistent enough for me to re-finance the account, the first milestone is still R = 100$, I'll get there in a few months time, but I'm confident that it will be ok, as things go now, it seems that I'm getting used to trading, and it starting to become a part of me.

A month ago I was still trading with a chatroom, which has many good people in it, and even better calls of stocks, but I realized that it wasn't for me, their talking affects my trading, why? because when I'm long in some stock, and someone tries to scalp the same stock for short, I hesitate in my mind against my own trade, and sell it, only to see that it keep on going my way (long), and also, some why I have too many "available trades" there, so I take a lot of them, and overtrade.

Friday, June 6, 2008

Good day :)

I've added two new features to my system:

1. First trade of the day, take profits on 1R more or less, just to get the ability to have 3 losing trades making the day -2R and not -3R.

2. Be flexible, sell fast - if the trade isn’t going your way after about 5 min more or less, just sell it for a small loss, instead of waiting half an hour for it to hit your stop.

I utilize both system rules today, here are the charts, I've done a modest +2.4R today on 3 winners and 1 loser:

Here is rule no'1being realized on CXO:


Here is rule no'2 being realized on GLBL:


Here is the loser of the day NOV:


And for the winner of the day MVSN:

That's it for today, hope you guys had a good day aswell
Oh and btw, I've higher my R from 20$ to 25$, and next week its due to be 30$, I'm going slowly but surely..

Tuesday, June 3, 2008

Recently..

I've decided to thin the blogging, since there are not so many replys and it sux just writing stuff without getting feedback, so I'll just post charts from time to time, just so I could look back and see what I've done and know how I felt when I took the trade.

My performance haven't been so good lately, I finished last month only about +4R, and I am looking forward for this month, which started with about +1R of yesterday.

Lets see how it develops...