Daily Journal Break even..

Today was nice, it felt in control, I've risked only 20$ per R, which means that I was gross positive, and NET break even(tiny on the positive side).

I've made my research before entering the markets, finally things slow down at work, so I had some time to do my research, then I had my entry triggers, and I took them as planned, it's difficult making any money with this 20$ = R, but I'm sure it will allow me being more relaxed in my trading.

I might higher my R, but only in a little bit, I don't want to get crazy with highering R too much, since I don't want it to be a psychological stress for me to trade, I want to make trading fun again, like it did before I went trading with no plan and no rules.

One of my trades which I didn't like so much today was SQNM, I took it on a mini downtrend, which made me loss after a short while, I shouldn't have taken that trade.

Anyways, nice day, no money made, but I'm getting my confidence back, today was pretty much in control, and very patient, waiting for signals and executing the plan just in time. I just really god my mood down after SQNM, so I stopped trading, right on time, I'm learning lately that there are times on which you shouldn't trade, like if I'd keep trading after SQNM, I would take non-setup trades just to "make up for the loss", and that's the recipe for a blow up day :)
Blow up skipped, ThX for my studies on the market.

Have a nice day.

Sec Isn't shortable..

Is me or every stock that I'm watching isn't shortable? today I've found many nice short opportunities and they all just weren't shortable, when in the world AMZN isn't shortable? we always have stocks of AMZN for short, but not today!

I've given up for today, I don't want to wait for the reversal, if it will happen anyways, I came too late for some long opportunities that came around 9:45 today, so I'll just call it a day, PNL = 0 on 0 shares traded in case anyone wondered :)

I'm actually glad that this week is about to be over, it's one of the wieredest weeks lately, my boss was out of country, and I just did w/e I wanted, came in hours that are convinience to me and left whenever, that didn't help me from getting stuck until 20:30pm yesterday, I just have tons of work, which saddly enough I'll have to carry for the weekend (yes, they give you laptop in this job so you could work from home :( )

Anyways I'm going to enjoy this weekend, and hopefully do more of this:


One more trading day to go for this week!

Update of the 17 Sept..

I'm actually not as bad as I thought! After I've talked with a friend of mine (Eitan from the links menu on the right), I've decided to put the charts of today's losers (3 of them), and found out that I'm actually closer to "The holy grail" than I thought, I was really about to "Stop digging" and give up pretty soon, since there is no one really that encourage me to stay in the game, and I keep losing money, even if it's small money (only 65$ today), it's frustrating to lose day after day.

I've written everything about each trade in the graph himself, notice to my readers, please let me know:
1. If the way I put on charts is convenience.
2. What do you think about my losers of today.

AAUK:



ESLR


CEDC:

Trading Journal -1.5R

Stuff aren't going well, I mean.. I didn't have a profitable day in the longest time, part of it because I don't have time to trade, and part of it just because I suck lately.
After breaking down, it seems that I finally don't make mistakes that concern not being loyal to my trading plan, I truly am loyal, I'm not breaking the rules and it's an improvement.

So Why do I lose money? I think I've came to a place in my pocket where I'm trading scared money, and as we all know, scare money is losing money, I just trade a size that is too big for me, I've decided to lower my R to just 20$, until I have 2 consecutive months on which I acually am profitable, otherwise what will it bring me, to lose big money, the highering R system will work only once I become profitable.

So what will happen now? I won't be scared to lose money, and I'll finally gain some, very small, but some indeed.
Hopefully this bad era will end soon, because I'm starting to be a bit frustrated on the Trading side.

Trading Journal +0.4R

I've been a bit busy at work lately, so didn't really have much time to trade, but I'm still here, alive :) and that's a good thing.

I only made one trade in AMZN today, and it was a small trade, which went well at start, but then delayed on the 1R mark, so I took partial, and sold the rest at about entry, so with commissions it meant I made only a little less than 0.5R.

I've been utilizing methods I've learned lately, about mood in trading, and it shows results, usually when I trade but don't really feel like it, it causes me to force trades that aren't necessarily that good, and furthermore, I've discovered lately a bit more about my self, I saw that when I have a losing days, it's usually consecutive trades, which I take as "half revenge trade", because I want to make up for the lost money from the last trade, therefore I would try not trading for about 5 minute after a losing trade, so the emotions won't sweep me to take the next losing trade.

That being said, I've to get back to work, good day and good trading everyone :)

Daily Journal +1.3R

A nice solid day, I've only made one trade today, and it went nice indeed.
I just need to keep trading like today, calmly, and I'll get somewhere, I finally took full size even thought the stop was a bit tight (22 cents), and also I kept my trading rules finally.


Here is how today looked like:


I took ppdi at an early base and break, after I saw that some other stocks that were on my watchlist like clne biod were breaking up, the market was weak but gap is gap, so the stock ignores the rest of the market and run it's way, I've set a stop loss 22 cents aways from entry, and got about +33 cents out of this stock, finally I took it in full share size so it did make something nice.

Usually I tend to take some trades in less quantity of shares, and thus win less money, but the losing trade I do take in full size, so I win +2R(lets say R=30$ but I took it with R=15$) for example on a half share size stock, and lose -1R full size which equal let's say -30$, this takes me no where, so today I finally risked the proper amount of money, only to have a winning trade, I'm glad that happened :)

That's it for today

Can't trade.

Hi everyone, today and tomorrow I cannot trade, seems like I'm too busy at work lately, having meetings right into the first 1 and a half hours of the stock market, Yesterday I went flying with a friend (right into the start of the market), his wife gave him a suprise present for his 30th birthday, to fly an airplane himself, of course the pilot did most of the work, including the takeoff and landing, but he did get to touch the steering stick a little.

Today I've learned another lesson about being patient, I was racing on the parking lot, finally to by-pass the slow driver, only to "show him he is wasting my time" or something, and then I put on a reverse, to park, and I swear, lately I had been parking perfectly, and thats what I said to myself yesterday, so I was overly confident, putting the reverse, and so I started parking in a nonchalant way, and then it hit me.. I mean.. the wall, it hit me, I hit it, never mind, my car has small damages right now, and it sucks, because it's a new car (2008) and I really like it, and now it looks older because of the damage.

So.. all in all, I learned to be more patient, nothing would have happened if I'd let the guy go without passing him, and also, I should stop being over confident in my driving, everyone think the way they drive is the best, but we should all stop, and just drive safe, not "the best".

Well that's it for now, I've got to go to a meeting, at work :(