-53 net I normally don't trade on Fed days, but decided to try a little bit today. I should have just stuck with my plan and took a day off.
-57 net It was such a terrible day for me. My frustration levels are extremely high as I have been doing poorly for the last couple of weeks. Today, I was missing entries, getting angry because I felt like I was missing out, taking poor trades out of frustration, not paying attention at times because I was mad, and getting way too emotional. I'll review tonight, but I'm pretty sure today could've been a decent day if I had just chilled out and traded my plan.
+62 net That was a difficult day. I had a lot of trades lose and a lot of winners come back on me. I spent the whole day red until I caught one good winner at the end. July Review: July was another month split in two. It started off great with a streak of six positive days in a row. I was feeling very confident and increased my risk a bit. Then things turned in the middle of the month. I finished the month off losing nine of the last 11 days. I took a couple of days off near the end to review some things. Since then, I've been recording all paper trading results of my system each day. Once again, there is a huge difference between what my system does on paper and what I do live. Results on paper are fantastic. There are factors such as slippage and certain trades happening simultaneously that affect my live results, but I think I know the real culprit. I think too much when I'm trading. On paper, there are no emotions and ALL trades are taken even if the last few were losers. ALL trades are taken even if I had a bad day the day before. ALL trades are always taken, risk and targets are determined, and ALL trades are allowed to play out. The difference with my live trading is that I'm picking and choosing. I'll take a couple trades, but not a couple others because they make me nervous. I think things like: it couldn't really do that, look what the market is doing, I don't want to risk that much, or I just lost on three trades. All these other thoughts are getting in my head and affecting the system results. So my goal for this month is to just go for it. I'm going to increase my max daily loss a bit to allow for a little more room to trade with. I'll try my hardest to just take the trades. If the signal is there, then I'll take it. July 2014 P/L: -$222.42 Win%: 31.40 AvgW/L: 1.80
Chuck, You need an edge to be consistently profitable, if your month was red, chances are you don't have it. No reason to risk money without having one.
+172 net It was a good day for me. I'm mildly disgruntled over two trades that came within cents of my target only to whip back hard, but they were still wins, so all is good.
-132 net I got smashed today. It was just loss after loss. I also got slipped horribly on one position where my loss ended up being triple what I planned for. The day actually would not been as bad and I would still be trading now if I had just taken ALL the trades. After a couple losses, I passed up a trade that I thought was too dangerous. That one winner that I missed would have completely changed things.
+70 net It was a positive day, but I'm a little disappointed. I was up more than I had lost yesterday, but slowly bled some profits back.