[thalestrader]

One last chart for Bathrobe - I think he was the ORLY trader.

[pimind]

thales,

Enjoy your time with your family and let us now how the experiment with your daughter goes one on my kids has expressed interest in trading she is 10.

[pimind]

Here are my results for today. I had a very good day as far as money made and quality of trades. I hope i can build on today and not regress. I am trying to trade with my signals both on entry and exit. Still got out of a few trades early, went against a signal once, but this is better than usual, Could I be getting closer to trading in the zone, I hope so.

900+ after commissions.

[Robert Joyce]

Ok, still with the sim, I got distracted today, was up $610. then got smoked hitting 3 stops in a row and I ended up only $145. This is a problem for me late in the day when I am up substantially, I start taking riskier trades and then just do stupid things.... Good thing this is phoney baloney money. There were 20- 2 contract YM trades, 4 losers, 10 at or near even and 8 winners. Some of those even were actually stopped out at $50. which is where I move my stop to once my first target is hit, especially if the signal is not real strong. Oh yeah and I was duped by some of my longer term EMA's... arrrgh Anyways $145 is 15 real pts. Not very good... especially when I failed to protect my profit late in the day... aargh... I was up 61pts.... my target is 50.... damn it... one of my rules for trading real money will be to put a stop at my daily target once it has been exceeded and then just walk away if it gets hit. There will always be tomorrow and this is what will take real discipline. This is a 'money management' discipline rule. It's the most important rule. Oh yeah and always, always, always check my stochastics before I enter or exit a trade..... But no seriously the most important rules in 'rule based' trading are the money management rules. That is where the real discipline is required.

[pimind]

Early Day today. Had a great morning. Didn't take any trades that did not meet my entry signals. Most importantly didn't try to pick tops or bottoms. Have to work on exiting better got out early on several trades only to see them run. But all in all i'm pretty happy with today, i feel i'm making strides in my trading.



I can't figure out how to get my reports to report the correct commission. I f anyone can help please let me know. Right now it is reporting 2.40. It should be 4.80 approx.

Actual results $446.40.

[brownsfan019]

Been very busy here after trading so can't post blotter daily. What can I say, it's summer in Ohio and there isn't much time to enjoy this weather.

6-16-09



6-17-09



6-18-09



Not much on Tue and Wed to say.

Today however... I dropped the ball big time on that 6E short. I got short around 10am (HOD) and held. And held. And held. I actually could have tripled up if I wanted to as the same signal saying SELL appeared three times. I did not triple up though. But that was not the issue.

The issue on this trade was my planned exit in advance was the LOD. Around 1:30pm, the 6E began to drop as I expected but b/c it took so long, I flattened.



Shortly thereafter it not only hit the LOD, it collapsed through it like it did not exist.

What to say... held that damn thing for well over 3 hours and then I didn't make what I should have made on it. Profit should have been about more than double what I reported here.

Moral of the story - if you got a good plan, follow it. I almost just put the trade on and walked away. I should have. Instead, I sat here babysitting the damn thing and it cost me a good $500 or so.

I don't care what other people say, but this job never gets 'easy' IMO. I would expect a rookie to make this move, but Mr. Market does not care whether you are a seasoned trader or novice - it will mess w/ your mind beyond belief. The biggest challenge I face is what goes on between my ears. My system said take this trade out at the LOD. There were so many reasons to exit there, but that's not the point. My system said to short the HOD, which I did. But when you can only follow 1 out of 2 components of your trading plan, you are setting yourself up for some serious frustrations. Hopefully this little rant of mine will help someone else facing the same situation.

Prognostication - I'm going to give a little prognostication too here... sometime soon (maybe Fri), this same thing will happen - but this time I'll tell myself 'stay in, remember what happened on Thurs?' - and the end result will be a full stop out. Why? B/c the market can and does do that to you. It will teach you how to beat yourself up for 2 similar trades and teach you to either follow your plan or continue to give yourself more frustrations. When that happens, I will have turned a winner into a small winner and a loser into a full loser...

Again, hopefully that will help someone not make the same error I did here today.

[brownsfan019]

Thales - awesome stuff w/ your daughter there btw. The fact that she's interested at such a young age is incredible.

I just found this site - http://www.weseed.com

Take a look, maybe it would be of use for you and her. My significant other teaches family & consumer sciences and she might use that in her teachings to discuss stocks.

[diablo272]

Originally Posted by pimind »

I can't figure out how to get my reports to report the correct commission. I f anyone can help please let me know. Right now it is reporting 2.40. It should be 4.80 approx.

Actual results $446.40.

Are you sure that isn't correct as it is? It could be reporting $2.40/side, which is the same a $4.80/rt.