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Trading Journal

Dummy day trading #17 21-August-2006: E-mini Nasdaq: Short trade closed

by Gav 2 Comments

History repeats itself again, I have a reddish Monday. Short position of E-mini Nasdaq was established below 930am (chicago time) candle. And I was 2 ticks away from my break even point. 2-ticks , so near , yet , so far.

One trade closed with 1-R loss.

Filed Under: Dummy Collection, Trading Journal Tagged With: Dummy Trading E-mini Nasdaq, Trading Journal

Dummy day trading #16 17-August-2006| E-mini Nasdaq| Short trade closed

by Gav 9 Comments

Though I did read the cautious words from Mike’s blog about options expiration, I decided to trade if any dummy set up was found. Short position of E-mini Nasdaq was established below 10am (chicago time) candle. It took 1 hour to stop me out. Darn! However, everything was done by following my rules.

One trade closed with 1-R loss.

[photopress:Nasdaq_30min_trade_close.JPG,full,centered]

Technorati Tags: E-mini, Nasdaq, trading journal

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Filed Under: Dummy Collection, Trading Journal Tagged With: Dummy Trading E-mini Nasdaq, Trading Journal

Dummy day trading #15 16-August-2006:E-mini Nasdaq:Long trade closed

by Gav 2 Comments

This is the result of let your profit run. Long position of E-mini Nasdaq was established above 9am (chicago time) candle. After closed Dow Mini position prematurely, I have decided to let E-mini Nasdaq position run. Indeed, it was a good decision. Trade closed with nice 3-R gain. I was just too tired at this point of time (mind you , it was 3am in Singapore Zzzzz).
Finally, I am turning black for this week.

This is 30-min chart of E-mini Nasdaq

16 August 2006
16 August 2006

Filed Under: Dummy Collection, Trading Journal Tagged With: Dummy Trading E-mini Nasdaq, Trading Journal

Dummy day trading #14 16-August-2006:Dow Mini:Long trade closed

by Gav 3 Comments

It was another bullish day, and it was indeed a repeat of tuesday’s session. S&P, Dow Mini as well as Nasdaq were having nice dummy set up. Long position of Dow mini was established above 9am(chicago time) candle. It was a very slow trade. Position was closed at 11309, and I have left E-mini Nasdaq position to run instead.That was a wrong exit of Dow. It continued to move up after that. My problem is on Exit a trade (in profit taking way).

[photopress:mini_dow_30_min_trade_close.JPG,full,pp_image]

Here is part of the conversation with my trading buddy Vincent when discussing my problem. I have found it very useful.

do your planning in off hour trading not during trading -” plan the trade and then trade the plan”- if you can’t then you need to do one of 2 things or both – paper trade to give you more confidence so you really believe and therefore will stick to it or work on your discipline by using imagery of how you will trade in all situations or WRITE DOWN your stop and then ask yourself how do I answer to this if I override my stop and if I am wrong in overriding my stop

One trade close with 0.49R gain.

Filed Under: Dummy Collection, Trading Journal Tagged With: Dummy Trading Mini Dow, Trading Journal

Dummy day trading #13 15-August-2006:E-Mini Nasdaq:Long trade closed

by Gav 7 Comments

This is the last trade of the day. Long position of E-mini Nasdaq was established above 9am(chicago time) reversal down candle. Trailing stop was moved to break even after 1-R gain. Subseqently, I did not wait for 2-R gain and decided to closed the trade with 1-R profit with the same consideration as Dow mini trade. (Discipline problem again!?!)

Though I manage to close the day in black, I am not happy with my performance in term of trade execution. I was a little bit emotional after the E-mini S&P loss.

15 August 2006
15 August 2006

Filed Under: Dummy Collection, Trading Journal Tagged With: Dummy Trading E-mini Nasdaq, Trading Journal

Dummy day trading #12 15-August-2006:Dow Mini:Long trade closed

by Gav Leave a Comment

Long position of Dow Mini was established above the 9:00am (chicago time)reversal down candle. I decided to closed the trade at break even point as I do not like to see a doji immediately after the initial entry candle.
Secondly, given the consideration of Core CPI report which is due tomorrow, it might limit the upside of today’s rally.

One trade closed with 0-R gain. I think my broker will be the only person who is pleased with this kinda performance.

[photopress:30_min_dow_mini_trade_closed.JPG,full,pp_image]

Filed Under: Dummy Collection, Trading Journal Tagged With: Dummy Trading Mini Dow, Trading Journal

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