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Dear diary,

It is getting more obvious now, I am likely to end the week with loss. In fact, I am preparing the performance chart now, DARN.

There were a couple of setups appeared in E-mini S&P, mini-sized Dow and E-mini Nasdaq. I chose mini-sized Dow and missed the entry of Nasdaq.

It really involved a little bit of luck here. I chose a bad one. Nasdaq was running without me happily, and it hit a 1-R gain easily. While, the old man Dow was enjoying its strolling. I was extremely tired, physically. In fact, after putting my stop order, I dozed off in front of my screen. Dow was 2 ticks away from 1-R gain, AGAIN!?! , this time I decided to move my stop to break even point and subsequently covered the short position with some very small gain after realising my tiredness.

This is a trading day that my broker is the only one who is pleased. But, at least I put a pause at my string of losses. I will really slow down and strict in stocks index trading now until U.S larbor day. I am shifting my focus to currency trading for the time being.

Time to have some coffee. Let’s fight another day.

I was trying to figure out the best way to deal with my losses. And I see this photo on Trader-X’s blog. Darn! This is what I am looking for.

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This is the business we have chosen ~ The GodFather, the movie

Dear diary,

Another losing day for me.
“OK, I am going to shut down this blog, stop trading, slam my computer, close my trading account, go to look for a job at McDonald since it is operating 24-hours a day now in Singapore.” 😆

Cut the BS..Well, the feeling sucks, when having a string of losses. But nothing really serious. Before blaming the market, I look at the chart again. Yesterday’s loss apparently was my mistake. Thanks Vincent for reminding me about my stop level. Who would put the stop loss level right at the last high? That’s me. And I was well prepared and highly qualified….to be whipsawed to dealth.

I was looking at currency market yesterday since I got a little extra time before cash market opened. Instead of trading during normal U.S cash market hours, better opportunities were found around 6am to 9am (NY time). This is something I will have to consider (basically, it means, I will be rushing home as earlier as possible).

I am pretty lucky to have learnt some money management ideas, and having a pretty good start of August. You will only feel the importance of controling your trading risk and capital protection when you are having a series of losses.

Time to have my coffee. Let’s fight another day.