The most stupid tradingday ever

[januson]

I'm having a usual review of my tradingday right now and.. I just need to share.

Quite horrible, I'm having so much trouble understanding how much stupidity a man can handle without going crazy.

What went wrong 10:55 and 11:50 and 13:00 and and and...

29 trades
Drawdown 2% without commision

[Anonymous]

My first thought would be............

29 trades way too many. But I know that may just be me and my personality and how that relates to trading style.

[torero]

Agreed! Need to work that down, januson. In futures, 5 is already alot. If it's not happening in the first 3 trades, shut down and try again next day. Sorry to hear that, but we've all been there. Make sure you learn to differentiate between trending days and non-trending days. Non-trending days will eat up accounts faster than you can say uncle.

[walterw]

januson : you need to work on a trading plan... I dont see any clear plan there.... your trading plan should respond to a clear and sound argument, once you decide wich argument you stick to, you need to find the best timing tools that fit your stile... you keep trading like that and will only add unecesary frustration and psicological drain... cheers Walter.

[Soultrader]

	Quote:	torero
	Agreed! Need to work that down, januson. In futures, 5 is already alot. If it's not happening in the first 3 trades, shut down and try again next day. Sorry to hear that, but we've all been there. Make sure you learn to differentiate between trending days and non-trending days. Non-trending days will eat up accounts faster than you can say uncle.

True indeed. If 3 trades are not working.... best move is to shut down your comp. Otherwise you will spend the entire day frustrated, trying to make up your losses. In most cases... it leads to further losses.

[Blu-Ray]

It looks like a typical trading day for me when I was starting out.

As Pivot says 29 trades is too many - for me anyway, but I've been there and done exactly what you're doing.

From what I can see and what I felt at the time was " I need to be in the market" then when a trade doesn't go to plan " Phew, I got out of that one, right then back in again" and generally not following a plan just going with what I felt was right.

It's best to sit on your hands and wait for the right set-up to come along, easier said than done but you'll get there.

Hope this helps

Blu-Ray

[Kiwi]

Ideas.
1. Tell us exactly why you're supposed to enter and exit ... please post the 1A4 page trade plan with your setup, entry and exit rules revealed. Without that, we don't know that you're not trading correctly or that you have rules.

No point going beyond 1 without it actually.

[GCB]

Hate to sound repetitive but it's probably what you need to hear.

It just looks like you are jumping into trades with no rhyme or reason other than impulse. Do you have a plan for entries, exits and risk? What signals do you look for with your entries and exits? What's your max risk per trade and how is it related to typical market action? Have you written any of this down? Do you believe in it?

I would say don't trade again until you can specify exactly why you are getting in and out of trades--and "it was going up" or "it was going down" isn't good enough.

[TinGull]

Also, today was an uptrending day. Even with stocks...the rising tide lifts all ships.

And Im with the rest of the guys. Today I sat down and really solidified my trading plan and my setups and WOW! I feel great about it. What is your plan of attack?

[walterw]

Tin : I would love to hear about it....I think you had evolved very nice on volume aproach, If you can share some would be very apreciated... (maybe some new thread) cheers Walter.