This was the week from hell for my trading mind. I first did a stupid - I am bored trade that cost me $400 on Sunday night. Most times my stupid trades do not cost me this much. I added to that on Monday where I was trying to play a breakout in crude. Two times I place order just before the breakout only to get filled at the top and quickly stopped out. This cost me $1100.
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By the time Tuesday came around, I should have stopped trading for the week. My mind was not screwed on right anymore. I had 5 stock trades this week. All of them went in my favor with out me because I could not deal with waiting for them to work. This cost me about $2000 in profits.
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Then on Wednesday, I had place a trade in the YM futures. Again the market bounce around before taking off in my direction with out me. Using just a simple trailing stop I could have made $800.
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The worst of the week was then on Thursday. I Shorted the crude market 3 times. Good entries. Right direction but in each case I would gain say $200 then it would come back where I was up only $50 or maybe break even. I would bail at that point not honoring my stop loss only to see the market collapse. I made $170 and left $3000 on the table.
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The it was back to stupid, I am pissed trades on Friday but thank god I only lost $180.
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So after the first 3 big losses(one being stupid and two not waiting for break out to occur), I never even came close to trading any my trades as planned.
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Any incredibly stupid week for myself adding to the mistake I made last week and digging myself a nice big hole.
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God I suck right now. I badly need to straighten my head out before I really hurt myself in the pocket book.
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The numbers:
Stock Futures: +22 (should be plus $400 or more)
Stocks: +41 (should be over $1000 or more)
Crude futures: -16212 (should be plus a $2000 or more)
Gold Futures: +172 (only happy trade I had this week)
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net -1386
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This should have been a great week for me. All 5 stock trades should have been winners. The gold trade was a winner. The 2 stock future trades should have been big winner. And of my 10 crude trades, 5 should have been winners and 5 should have been losers but the winners should have been much bigger than the losers.
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I had the markets right in so many ways this week. One of my best weeks for figures things out but I really fucked it up. Sad so Sad.
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And please no one give me any of this Would of, Should of, Could of Bull shit. I am basing my comments on my possible results if I only followed my trading plans. Most of the stupid time I have the orders in already to do the plan. I only then hit the get me flat button way too often.
Saturday, June 25, 2011
Wednesday, June 22, 2011
Back to the same old problem
Now fear has taken over my trading and I am being a dumb ass with my trades.
Monday, June 20, 2011
Maybe I am growing up - LOL
Sunday night and today I traded badly. I lost about 1575. I seldom lose of $400 in a given day. I am not happy about it. $500 of the lose was a trade I should have never took and had no reason other than wanting to make money.
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For some reason, I am not super down - not breaking things - not yelling at my other half for no reason. Since Wednesday afternoon I have dropped about $2500. This years ago would put me in a depression for a couple of weeks. A couple of years ago I would be a prick for a few days. Last year I would be running around with a leave me alone sign. Today I am okay. Again I do not want to lose money. I am not happy I loss money. It would be great if I could have my money back. I also know if I took all my signals and traded correctly - I would have made mpney over the last week.
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But today I am okay. I guess I am finally growing up at my age.
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For some reason, I am not super down - not breaking things - not yelling at my other half for no reason. Since Wednesday afternoon I have dropped about $2500. This years ago would put me in a depression for a couple of weeks. A couple of years ago I would be a prick for a few days. Last year I would be running around with a leave me alone sign. Today I am okay. Again I do not want to lose money. I am not happy I loss money. It would be great if I could have my money back. I also know if I took all my signals and traded correctly - I would have made mpney over the last week.
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But today I am okay. I guess I am finally growing up at my age.
This weeks results - 6/13/2011-6/17/2011
Not a good week. I do not know if I am thinking too much or too little. Again when I am usually more aggressive, I am being a wimp. Again I did not go with a clear buy signal that would have covered all my weekly loses because the previous 3 trades were tough and a net loser.
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Stocks: -771
Stock futures: - 99
Crude Futures: -264.76
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Net: -1135
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Maybe I will chart some things as examples of what I am talking about.
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Stocks: -771
Stock futures: - 99
Crude Futures: -264.76
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Net: -1135
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Maybe I will chart some things as examples of what I am talking about.
Sunday, June 12, 2011
This weeks Results 6/6/20011- 6/10/2011
Did not do well considering all the opportunities on Thursday and Friday. I am getting sick of not performing the way I feel I could. My friends and other half are sick of hearing this whining including me.
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I can only hope that after the week in Minneapolis where I put my mother into assisted living, this great burden is once and for all off my shoulders. This should allow me to focus so much better on trading other than the worries of my parents.
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The numbers:
Stocks: -110
Crude Futures: +20
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net -90
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I can only hope that after the week in Minneapolis where I put my mother into assisted living, this great burden is once and for all off my shoulders. This should allow me to focus so much better on trading other than the worries of my parents.
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The numbers:
Stocks: -110
Crude Futures: +20
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net -90
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