Monday, April 30, 2012

Chart Porn 4/30/2012

Hard day to trade much of everything today unless you were in one of the news stocks.

Saturday, April 28, 2012

This week Results 4/23/2012-4/27/2012

Stocks: +55.16
Crude Futures: +33.98
Dow Futures: - 79.44
Russell Futures: -74.02
Gold Futures: none
net:  -64.32
As my past charts show - I moved up my stops too fast and screwed myself. If I had given each trade I made this week $50 more move room in risk, never losing more than $150 on any trade, I could have made about $2500 this week.  I am a wimp. You may jump on me and say - you should never increase your stop - no this is not the case. All my original stops on these trade were $300 and none of them went more than $120 against me. Sad so sad. At least my broker is happy.

Wednesday, April 25, 2012

Chart Porn 4/25/2012

Screwed myself again but not out of much.  Again I gave into the bad habit of getting chicken too fast.  If you look at the chart porn over the past few days, I could have done well with the correct stops.

Tuesday, April 24, 2012

Chart Porn 4/24/2012

Screwed myself again out of a great trade by being too fast with the stop loss.

Sunday, April 22, 2012

This weeks Result 04/16/2012-04/20/2012

stocks: -10.55
Crude Futures: -46.02
Russell Futures: none
Dow Futures: none
Gold Futures: none
net: - 56.57

Saturday, April 21, 2012

Chart Porn 4/20/2012

Wax on - Wax off. The chart on the 18th are trade examples of when things go bad.  The first trade I should have not made and the second trade I screwed up the stop loss order.
This chart today is an example of when things go right. When I am watching the markets - see a possible entry - have the guts to believe I am right - place the order and the trade works as expected. The only short fall of this trade is I used a trailing stop that was a bit too close and not really my rules when using one. I either use a fix 30 point profit target or I will trail after a 15 gain using a moving average on a 89 tick chart. I could have net about 15 more ticks out of this trade. Why did I not completely follow my getting out rules - again my head was not clear from the mess of the 18th.
The two previous buy points on the charts I did not take because I was not watching at the time. Also in hindsight - the other indicators had not turned to buy yet.
There you have it - two screw ups by me followed two days later by a near perfect trade by me - Wax on/wax off.

Wednesday, April 18, 2012

Chart Porn 4/18/2012

It had been a long time since I uploaded a chart so I thought I would. Took me long enough forgetting how to edit then upload the chart.
Anyway this really pissed me off. In the heat of the battle, I entered the first trade too fast. Need to wait a bit longer even if the trade is no longer there. The second trade should have been the first one. I screwed that up because I moved my stop down too fast where I got stopped by one tick before a big move in my direction. I only moved the stop that fast because of being pissed on the first trade costing me a good. CRAP.

Monday, April 9, 2012

This Weeks Results 4/2/2012-4/6/2012

Stocks: +168.71
Dow Futures: +40.56
Russell Futures: none
Crude Futures: none
Gold Futures: none
Net: +209.27