Dear diary,
It was another choppy day. The market failed to con me for another trade as I was being strict on my entry now.
Looking back at the chart, I would have jumped into the YM trade again. Well, the setup was formed, and I did not know what was going to happen at the right side of the chart, so I placed my stop and …that’s it.

To be frank with you, I was not worrying about the trade went against me. My worry was “Will eCBOT exchange down again?” Seriously, I am kinda lost confidence of this “well known” exchange in the world. Small account trader like me, I have limited ability to hedge my position at CME. In 2006, I still need to worry about computer system down? That’s a shame. Well, forget it, just a random thought, there is nothing I can do if I still wanna trade YM.

I always have a thought that my fiancee will be a better trader. She is a lady with courage and patience. A lot of times in life, she is the one who holds me from making impulsive decision. I will be giving her a headstart in spot FX trading now, and some simple TA (well, after all, I am not a pro). Who knows, I can quit trading and write a book ” My wife, the trader” later. 🙂

Another day with full of random thoughts. The market keeps hitting me with small snow balls recently. My snow-wall is still strong enough to handle these for now, and I will get a chance to return a big smash back.

 

Dear diary,
No dummy trade for the day. After watching YM as well as NQ moving around OR (opening range) in 15-min chart, I hesitated to get in Long position. Indeed, they broke out from the range only in the afternoon.
People were waiting for the tomorrow’s NFP(Non Farm payroll) report.

No fun. It was a boring day. I made one squeeze trade with 1-R loss. That’s a small R. So no big deal.

Since my choice is pretty limited for stocks index( now, only NQ, YM , ER and ES) , I need to implement different trading approaches to squeeze some profit out. This is going to take some time.

Quality of trade is something that I need to take care. Blindly get into any setup is not something I am interested in doing.

By the way,  Mercado de Estoc?stica is another blog that I found to be excellent. He showed his real trades. His approach is kinda similar to Trader-x. I learnt something from them.

Ok, enough.

I will trade better.

Dear diary,

It was a good day for stocks traders, but not for me. I did not have any dummy setup in NQ, YM and ES before 12 noon. I decided to call it a day without making any trade as I was physical exhausted, I guess the flu virus and haze in Singapore start to attack me. Opportunity for Squeeze trade appeared in the afternoon session around 2pm NY time.

[Read more…] about Postmortem 04-Oct-2006