Total: USD 195NQ 5min, TF 5min, 6J 5min
Am definitely making an effort to post my daily PnL and charts only at the end of the week.
Daily postings tend to make me feel like I should trade everyday, and that I should only have GREEN days.
Posting everyday also makes it difficult for me to hang on to winning trades (I did give up holding my first 6J trade today - and ended up scratching after price went 2 points in my favor only to go back temporarily to my entry point - I was aiming for support way below, a very decent 2.5R profit target), and I'm thinking that it's possible and very probable that it's a habit I've cultivated when I was serving in the public sector (complete a perfect report/paper way before deadline, move on to the next assignment, finish the entire year's work way before the end of the year, and bombard my superior with new and impractical ideas).
Today's 6J chart and tape are not any better than last week's (specifically, on the 2 FOMC days). I should have stayed out. But I chose not to. Yes, I am stubborn, and since that's the way I like myself, I'll live with it, and change the way I trade instead. Among the things I did differently was the managing of my stops. I was not as uptight about stop losses as I was last week, and that makes my life a whole lot easier. When I used a 2.5 point stop today, it was a choice I made right at the beginning, and was prepared to part with my money. Last week, I was most reluctant to give a 2.5 point stop (once I hit D's weekly profit target - and D's kinder to me than I am to myself - my stops are no longer a percentage of my capital, but a percentage of my winning for the week) until I was stopped out at a few TICKS so many times, I got fed-up and finally allowed my trade the room it needed - AT THE WRONG TIME.
Having said that, I'm still not risking more than a specific percentage of my 5k capital for each trading DAY.
No posting of charts and PnL for the rest of the week, until the end of the week. Am really curious about how that's going to affect my trading.
Daily postings tend to make me feel like I should trade everyday, and that I should only have GREEN days.
Posting everyday also makes it difficult for me to hang on to winning trades (I did give up holding my first 6J trade today - and ended up scratching after price went 2 points in my favor only to go back temporarily to my entry point - I was aiming for support way below, a very decent 2.5R profit target), and I'm thinking that it's possible and very probable that it's a habit I've cultivated when I was serving in the public sector (complete a perfect report/paper way before deadline, move on to the next assignment, finish the entire year's work way before the end of the year, and bombard my superior with new and impractical ideas).
Today's 6J chart and tape are not any better than last week's (specifically, on the 2 FOMC days). I should have stayed out. But I chose not to. Yes, I am stubborn, and since that's the way I like myself, I'll live with it, and change the way I trade instead. Among the things I did differently was the managing of my stops. I was not as uptight about stop losses as I was last week, and that makes my life a whole lot easier. When I used a 2.5 point stop today, it was a choice I made right at the beginning, and was prepared to part with my money. Last week, I was most reluctant to give a 2.5 point stop (once I hit D's weekly profit target - and D's kinder to me than I am to myself - my stops are no longer a percentage of my capital, but a percentage of my winning for the week) until I was stopped out at a few TICKS so many times, I got fed-up and finally allowed my trade the room it needed - AT THE WRONG TIME.
Having said that, I'm still not risking more than a specific percentage of my 5k capital for each trading DAY.
No posting of charts and PnL for the rest of the week, until the end of the week. Am really curious about how that's going to affect my trading.
