New Trader Journal

[tntp45 53]

90% Win Rate ! 

Just Awesome !

[hailchaser2 185]

Friday -2.9 Max Loss 3/9

2:1? 3/3

4:1? 2/3

 

PDD Pre Market 3 trades. I think I need to stop trading pre-market. It takes away from my pre-market prep, I concentrate on the trade instead of watching all of my stocks in play and planning an open strategy.

PDD.1 -0.9R

PDD.2 -0.56R

PDD.3 +0.71R

2:1? YES

4:1? YES

 

AAPL 1MinOrbUp +1.1R

2:1? YES

4:1? YES

 

SQ.1 5MinOrbUp -1.03R

SQ.2 5MinOrbDown -0.74R

SQ.3 BODown@Level 0.24R

2:1? YES

4:1? NO

 

BA 5MinOrbDown -0.6R

 

AMD BODown@Level -1.24R

[hailchaser2 185]

Holy Shit 16/26 +0.02R MAX LOSS with commissions/fees

I took my trading laptop to work and turned my -1.5R morning into a +0.02, but max loss.

Too many trades to do a normal review.

Here they are.

[tntp45 53]

Looks like $DAL was the trade of the day ?

[hailchaser2 185]

Oh My 19/22 only +4.7R 

My buying power is screwing me up with higher priced stocks, so my risk isn't $10 on them, so when I partial, it's a very small amount. I might have to put a top cap on stock prices I trade.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[tntp45 53]

That is an amazing amount of winners !

Great Job !

[hailchaser2 185]

8/18 -0.57R MAX LOSS

 

2:1? 7/9

 

 

 

 

 

 

 

 

 

 

[hailchaser2 185]

Thursday  12/19 +1.5R (-1.5R with fees/comm)

2:1? 7/12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[hailchaser2 185]

Friday 5/11 -0.87R (-2.5.R Commisions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[hailchaser2 185]

I took the time today to start my Tradebook, I went back through all of my trades the past couple months and put my different orbs in their own folders, 1min orb up, 1 min orb down, 5 min orb up, 5 min orb down. I realized I was trading pretty well before I started my "all day trading" at work last week.

 

I used OneNote to make templates for each trade strategy. I'll share them here tomorrow when I get back on my trading laptop

 

https://twitter.com/hailchaser2/status/1299875988235485190?s=20

Edited August 30, 2020 by hailchaser2

[Sebastian B 6]

Its taff trading the US market when living in the US. at least with an office job and regular office hours as they match really bad with wall street open hours. I have lived in the US east coast area for 2 years and this was exactly the reason why I went back to germany. I can only talk for myself but for me, it always destracted me from my actual work, I often needed to watch my positions and sometimes you also have to monitor them closely. 

In the webinars about "average joe trading" He talks about his strategy to deal with this issue. 

I'm glad to read that you also do 20 trades a day if trading all day. This is also what I take through a day more or less and I'm asking myself if its overtrading

Edited August 30, 2020 by Sebastian B

[hailchaser2 185]

Here are a few pics of my TradeBook. I used OneNote and made a Template. I have 4 templates total right now both 1MinOrbs and both 5MinOrbs.

 

Template

 

I will be able to click whichever strategy, then just hit add page and it will automatically load the template. I can then add my screen pics with drag and drop. Go through my checklists, input my entries exits, put a checkbox in my Psychology. then put any notes on what I could have done better in the trade to help see where my areas of improvement are.

 

I print each trade out and put it in my BBT TradeBook 3 Ring Binder.

 

Today I went back and entered all of my 1MinOrbUps for the past two months and printed them out. 

 

I'm considering printing out the page without filling out the checkboxes and remarks. I think doing it by hand might have a better "imprint" on my mind.

 

[hailchaser2 185]

9/13 +3.5R

 

2:1? 5/9

4:1? 0/9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[hailchaser2 185]

For the month +10R, 62% Win Rate

12 Green Days

9 Red days

 

That is two positive trading months in a row, but with fees and commissions, it's still a net negative month again. I'm ok with that, because I'm working on my trading right now, not my profits. The negative is that my account has dipped below $500 again, so I will more than likely have to add more money to it again. Next month I'm going to have a NET positive month, not just a GROSS positive month.

[hailchaser2 185]

+0.02R, 6/13

I was still able to trade even though my account was below $500 in CMEG, but it is with ZERO margin. So my "R"s are all messed up, I am not able to risk 10$ per trade because my shares get limited to max buying power. I'm trying to get back above $500 without adding more capital. Last time I dipped down here, it took a few days before they locked my live account. So I'll address it then.

I plan on doing the Peak Capital boot camp, so I would rather use 1k for that instead of re-loading my CMEG account. 

I did not do the R study pic for these, because like I said, my Rs are not accurate with limited buying power.

 

 

 

 

 

 

 

 

 

Edited September 1, 2020 by hailchaser2