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


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