Didn't do anything wrong... just didn't make money. Got in on a move that was ever so slightly a trendline break (at least I thought it was at the time) but I had to zoom in massively and even then it was a coin flip. It obviously didn't work and resulted in a loss. But that's just some discretion. Could've easily gone the other way and worked and I would've missed it. Overall not too many trades today... most trades blew away or never really formed. Twice I was bidding for fills that never got hit. So I ended up the day with 1 loss and 1 par. Not horrid but not great.
Trade Results:
ES: +0.00
NQ: -45.00
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The Goals:
- 10 Lot Contract Trade Size
- 60% Average Win Rate
- Creation of an "Oh Shit" Fund
- Creation / Completion of LLC
- New Trading Workstation
How Much Time Left:
About Me:
- Matt
- I'm a twenty-four year old finance graduate and full time futures trader.
Trading Resources:
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2009
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May
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- Blah Day
- Craptastic Conditions
- Tough First Day
- Why Wait to Start?
- I finally cracked the sombitch
- Day 1
- The Test Went Well
- Weekend Update
- Ok Day - Blah Week, Blah Year
- Don't Force it
- A Profitable day?
- Traded Perfectly, Not Profitably
- Traded Correctly...
- The End to the First Week
- 6 Minutes of work ends the day
- When being a little bitch bites you in the ass
- Tough Second Day
- Not a great first day...
- A Solid End to a Solid Week
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May
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2 comments:
These tight range trends are good for nothing but chiseling away at the account. At least your losses are tiny one's.
On days like today, it's best to be selective on your trade sequences, and stay out of trouble so I'd say you did fine.
Jump on Yahoo if you're free later tonight.
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