Dmcartor

My Trading has not been improving much. Some things I have been doing well is trading less. Waiting for a+ charts. Things I need to improve on are cutting losses. That's a big one. Daily max loss.

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Dmcartor

Well yesterday was another good day filled with lessons. I started out with some pretty hefty losses I then made them all back and had a solid lead on the day then I fell into some bad habits and gave back a substantial amount. I finished with a small win and that is fine by me. I am now on a 5 day green steak which is the longest I have had. Below is what I am going to focus on correcting. 1) Risk Management-This is b far the most important for me to get fixed as Its the reason I take such big losses. 2) Twitter influence-I have to stop letting twitter influence my taking trades. Happy thanksgiving!! Life is good!! Cheers!!

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Dmcartor

Today was another very profitable day compared to the last 30 days. I did really good I feel until my last 2 trades where I kind of chased breakouts buying into resistance. I gave back a pretty good amount but still ending the day very green. Lesson learned step away while ahead and don't chase breakouts. I did pretty good on cutting losses till my last trade where I let it fall farther than I should although I did cut right when the trend broke so I could have minimized my loss by waiting for a better entry. cheers!!

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Dmcartor

Today was by far one of my best trading days. This is all good and everything but I feel like for the most part I got lucky. I took 8 trades and out of those 8 I was right on 6 of them. What I am struggling with is cutting losses. Do I cut them to fast? Should I be playing more of an accumulation type of stratagy? This is kind of what I did today and it seemed to work on my 2 biggest winners. I need to find a proven set up that I can depend on. I still feel like I am all over the place with trying different approaches. I Definitely have found that trading one ticker for the most part is proving to be a lot more profitable than jumping around. I Have been keeping past runners on watch and today one of them went to the damn moon. I really wish I was able to grab some of these big picture movers. Progress i guess in the right direction. For sure still my number one thing to dial in is my risk management. Life is good up 350 dollars today that's something i guess!!

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Dmcartor

Last couple trading days have been pretty controlled emotionally, mentally and physically. I am finding that I have good control until I make a decent profit. It seems I then start showing a lot more fear. Due to the fact I am scared of giving back profits. Friday my first trade was profitable and controlled. I then reentered the same ticker. And fear over came my mental. I guess I need to either go a little bigger on my first trade and then either size down or call it good for the day and quit trading. Another issue I am seeing I have is stepping away from my computer when I am up or down. It seems if I have money left to trade I for some reason take trades until I have know more powder left. I am hoping I am on the bottom of my drawdown. My plan is to just continue being patient and waiting for the right setups. Work on walking away from the computer. Cool calm and collected Life is good.

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Dmcartor

Max daily loss yesterday. I followed some twitter alerts and had my biggest losses of the day. Note to self follow my plan and only my plans!! Lets do this!

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Dmcartor

Yesterday went well for discipline. Followed rules and was green on the day. Lets see if we can keep this going!! Small losses!!

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Dmcartor

Last Friday was another big losing day for me. I know that I am all over the place. I know that I need to focus on one set up. I know that I need to cut losses responsibly. I have to start taking this shit seriously or I will never become the trader I want to become the trader I know I can become. So Starting tomorrow I am going to do all of this and more. Day one of taking this shit seriously. I have one set up I am going to focus on and that is it.

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Dmcartor

Another day of losing trades! My biggest loss was in AH. This was definitely a lesson in itself. I never trade AH and I cant set stops. I got into a trade with a huge range and got my ass handed to me. My trades thru out the day were manageable losses for the most part. I had a ton of little losses. I believe.my AH trading was a bit of revenge trading. So tomorrows plan is to continue small losses and take profits quicker.

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