Friday 19 January 2018

Week 3

The trading week went well, I finished up after costs on every day this week. Monday was a half day due to it being a US public holiday and I am finishing early today so it was a shorter week than I might otherwise try to do. To be honest I gave it everything and I am really exhausted and I feel I may trade badly because I felt I could have done a bit better today and by nature I am a perfectionist even though I am happy with today. Today I felt the market was coming down considerably and I made money selling it although I feel a little frustrated because it can take forever to happen and I often find it hard to hang on to a thought from so long ago when the market is clearly quite neutral and to be honest I am still not exactly sure in situations like this. I guess I find it difficult to work out which is better, that is to trade what I am feeling as a whole or to try to get in and out on what I am reading now. Although saying that yesterday I had that feeling and it went down but kinda ran out of steam so not holding onto a move that never happened turned out good, so I might just be being results orientated.. and to be honest its hard to know exactly whats gonna happen as a lot of reactions in the market that my mind is trying to predict are yet to happen. In the end I am sitting there for 20 minutes and it still hasn't gone much.. I guess I am not really trading long time frames, although I wish I could have sold a clip and scalped with another.. just my account is not ready for that at this point. In the end its not exactly easy because there are lots of bounce backs before it continues down and you can't just hold it because if your wrong your already like 10 ticks offside until you realize its a reversal and I am not trying to trade like that, its just sometimes I can't believe the market hasn't gone more so I just take it, ah anyway... I feel I am good at holding a trade though and at least I am not jumping out of profits because I am worried about losing them, although when I am reading the tape and its telling me to take profit even though I may have held the entire move and captured all I can.. what happens is it bounces a few ticks and then the next move down comes, which i anticipated and I find it hard to jump on it in time. I guess at least I am reading it pretty well, rather than getting stuck on the wrong side like when I first started. I feel better venting that, so I can enjoy the weekend now :)

My account has done a big U turn, which is pretty awesome because all I want to be able to do is keep on trading.

Trades: 279
Gross: $2025
Net: $1117.22


Friday 12 January 2018

Week 2


A difficult week... but it was a lot worse at one point.


Trades: 207
Gross: -$43.75
Net: -$712.29

Saturday 6 January 2018

Week 1

Unfortunately I started trading when the market had its biggest move in 2 years, as always I have horrible timing. Not that it matters because I just act on tape reading, so a big move can be very profitable at times its just I was settling down with real money and felt a bit uneasy in my first hour and it was plummeting, I didnt really lose much but the next day I did and I realized I was sick.. I traded the next couple days and realized okay I am quite sick. I also traded outside the hours I was trading on the sim and realized its a terrible idea to trade with low volume, its difficult to read and I filtered my trades to within peak hours and it showed I was actually up and all my loses had been outside those hours. I suffered a $1300 loss in total after costs and as christmas and new year were approaching I had to take 2 weeks off because I didnt wanna blow my chance trading over a period where many traders arent at their desks, the market behaves differently at these times..

I planned on starting on the 8th of Jan and to keep within the hours, so I only trade when theres good volume, but i couldnt wait any longer. It seemed most people were back so I wiped the loss out of my mind and traded. I felt it was a little difficult at times, it felt a bit glitchy to me and i hovered around breakeven until Friday where I put in a pretty good day.

I decided to make this week 1 as its the first week of 2018.

Week 1

Trades: 107
Gross: $525
Net: $180.46

All in all I was happy with my trading, I know I can improve, I missed some excellent opportunities by hesistating and I feel if I can continue making money it will only help me relax and trade better.