Week 3: Day 15

Week 3: Day 15, originally uploaded by 10k10weeks.

The market opened to a very choppy tight range in anticipation of news. I made 3 losing trades here. Including an error on a missed reversal (again).

The market then burst into a great long trend on positive housing data. Prices shot up about 7 points before I got in on a pullback. I took profit on very nice spots (see screenshot), to make a total of 11 points ($550.00) on just this one trade.

So, I finish the week on a positive note. Up $250.00 for the day.

Week 3: Day 14

Week 3: Day 14, originally uploaded by 10k10weeks.

Another trending day for longs. Prices just took off after a little pullback on the opening bell.

I took a short, but when I saw the reversal signal, my brain just froze and my finger just wouldnt click the "reverse" button. Looks like I have yet to overcome this issue which I had highlighted just days back.

And one mistake led to 2 other losers.. As part of my trading rules, 3 losers is all I can take in a day, so I stopped trading right after that last one.

Most of yesterday's gains were wiped out.

Total loss for today is $325.00

Week 3: Day 13

Week 3: Day 13, originally uploaded by 10k10weeks.

Another great trading day!

Right after this screenshot was taken, the market just shot up by another 4 points! If only I was still on the trade.. I kinda discounted my 2nd TP by 2 points. Anyway, it doesn't matter. I wouldn't have known what the market would have done.

More of these days would convince me to have a more aggressive take profit rules.

Today execution was perfect, and it was all good. I almost got stopped out by just 1 tick before it launched upwards, gives me confidence that my SL rules needs no adjustments whatsoever.

So, that's $375.00 profit for the day.

Week 3: Day 12

Week 3: Day 12, originally uploaded by 10k10weeks.

I'm done just after the 1st hour, but on a losing balance today.

Price movement was very choppy when the market opened. It seems like it was just winding up from yesterday's huge sell and prices met strong support as well.

All my entries and stops were off by 1 tick or so, particularly on my 2nd trade (#27). Hate it when that happens, but it does happen from time to time.

So, I'm down by $175.00 today, matching the largest losing streak so far.

Week 3: Day 11

Week 3: Day 11, originally uploaded by 10k10weeks.

Nice explosive start to the day, but I missed the big one yet again!

Otherwise, I'd be up by 8 points for the day.. all explained in the chart.

Looks like I'm still not focused enough on pulling the trigger. This was exactly the same thing as trade #21 on Friday. Gotta be on the tip of my toes for these 10 seconds reversal signals..

No point sulking on it, at least I didn't suffer massive losses like I did in the previous strategy employed.

Ended the day with just $25.00 profit.