Getting in late ES trade 3/30/2016

I missed the first pulback to the correct buy level after the bulls got back into control.  The market was a bit choppy. After the market made a new high, I should have bought around 2056.25 at first support, and then added at 2055.25. Instead I bought at 2056.00, did not add and then wrongly gave up on the trade after it exploded at 2:30 pm.  If I had added at 20552.5, i would have taken it off at a gain of a point and then tried to allow the 2056.25 entry to become a runner-maybe get more then a point.
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All of this would have been mentally easier for me if I had made the first trade and then entered at the correct levels on the second trade according to my trading plan. Bad mental mistake.
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There are even third and forth trades marked by the green arrows later.

Results 1/28/2013-2/1/2013

stocks: +127.70
Dow futures: +0.56
Nasdaq Futures: none
Russell Furtures: -4.02
Crude Futures: +139.32
Gold Futures: none
Copper Futures: -17.84
Corn Futures: none
Soybean Futures: -505.42
Euro Futures: -472.56
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Net: -732.26
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Ouch - it has been a while since I had a mental melt down - this was that week. I made two good trades on Monday following my rules but missed 3 great trades. Tuesday I missed in premarket two great trades and my frustration was building. I then spend the next two days getting chopped to pieces in Beans on a bunch of very small trades.  Some of those trades those trades did not even follow my rules. By Friday - my mind was wasted and I should not have traded but with the jobs report - the volatility would be there for some possible big gains. Instead I forced a trade that had nothing to do with rules and tried to turn it into a winner and took one of my larger losses in months.
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I got to clear my head and go back to the rules before I go crazy and blow up.
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Shit.
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 Regardless of the good or bad - I still post this crap - lol.

Chart Porn - 10/18/2012 - the No Balls Edition

The notes are on the charts.

Chart Porn 9/1/2012 - The Beans PITA edition

Three Bean charts above.  If I only keep my head on correctly - this would have been a great week for me. I really need to look at where I place my stops.  I am getting taken out one or two ticks from the top or bottom of moves way too often. I showed my other half recently and she laughed her ass off . i think I had 6 trades like that this month. Each ended in a $200-$400 loss. Each would have produced a gain of anywhere from 300 to 2000.  That is a big swing in P/L.

Chart Porn 8/15/2012

Man this is stupid - I had been trading to plan very well recently.  I got fustrated and went off plan and got hurt quickly.  So %%%%%% stupid of me.

Chart Porn 7/24/2012 - as it is happening - idiot again

live action from me - after watching the setup for 20 minutes and a small rally - I gave up on the short - dummy me - this week is killing mentally

Chart Porn - 7/23/2012 - another one got away

Chart Porn 6/25/2012 - another one got away edition B#$% S*&%

The details are on the chart.  If I only had the balls to wait it out just a few more seconds. I never had more than a $100 gain or loss for those 6 minutes. I had a $300 loss with a target of $500 plus. oh crap.

Chart Porn 5/17/2012 - the Thursday idiot version again

From an entry point of view - this was the first since last Thursday I broke my trading rules and just like last Thursday, I paid dearly for my mistake. During the last week, I have entered using my rules about 80% and each time either made money and broke even.  During the 20% of the time that I entered not to plan, I took a lose each time and the loses were enough to cancel out my gains. I did exit only 50% according to plan which if that was higher, I would have also made to over come my stupid entries.
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Even thou I feel stupid - when I stick to my trading plan - I make money. I can at least take that away.

Chart Porn 5/10/2012 - The idiot version

I had been seeing the market so clearly recently I was assuming one of these days I was going to do good.  Instead today - I decided to break my rules and trade like a complete idiot.  About six months ago, I started using some trend indicators.  I promised myself I would never trade against them.  The closest I would to  trading against them is trading pullbacks in the trend.  Most of the time I would just trade continuation trades. Today I traded twice trying to play rollovers in the trends. Stupid me. The trend was up on a 5 and 15 minute basis, about ready to turn up on an hourly and mixed on a daily.  To then add insult to injury, I tried trading a stock but my mind was so f-ed there from the idiots trades, I turned a possible winner into a loser there also. Today, I did not lose a lot of money, but it was my worst trading day in months and it killed my gains for the week.

Chart Porn 4/24/2012

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

Can't Sleep so...

you trade. I am such a wimp. I just took 2 points out of a 80 point move in the YM futures. I can go out and buy myself a New hot and Juice for breakfast - lol.

this weeks results - 6/20/2011 to 6/24/2011

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.

The stupid trade of the week - watching the wrong picture - 10/16/2010

Lots of notes on the charts - hope it makes sense. It is like a knife in my gut looking at these charts. It is bad enough that I spend too many time looking at 1 minute charts. Some of my chat friends scream at me to look at 5 minute charts or use 5 minute charts as a stop but above my eyes got glued on to a 89 tick chart. Sometimes they are good for setting stops and hitting targets.

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This above is my problem. My brain is wired that it is success or failure in under 5 minutes on a trade and I prove over and over if I give a trade 10 minutes or more - my successes will pay for my failures a couple of times over.

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If I do not solve this - I will never make good money out of trading. It has become that simple.
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I need to place a trade and as soon as iti s filled - double check my stop and good make a cup of coffee and take a piss. That should kill just enough time to let the trade work if it is going too.

Same Crap Different Day (SCDD) 8/3/2010

Again I tried buying the breakout and it increased my risk just enough were I freaked out too soon and I missed a big gainer - two days in a row. Dummy me.
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The Numbers:
Stocks: none
Stock Futures: none
Forex: none
Crude Futures: gross -480 net -496 contracts 4

Crap Crap Crap Crap Crap 8/2/2010

My brain and my system that I created to trade the Dow Futures seems to look a lot better on the Crude Oil Futures. I have no reason why. A long time ago I create a simple system and while I was trying to test it, the way the Globex market reported YM trades changed. My system no longer worked and I could not figure it out and I did not want to bend it to make it fit.
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One day I started looking at the Crude and thinking it might work here. It looks promising.
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Now if I could only over come my market stupidity (aka emotions) , I might make some money. Details on the chart.
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The numbers:
Stocks: none
Stock Futures: none
Forex: none
Crude Futures: gross -320 net -329 contracts 4

The one that got away - 6/14/2010

It is all on the chart.

A complete moron today 5/12/2010

The top chart is the Big Mouth stock today. Just seconds before opening I had a chance to short it at 38.50 and did not - a mistake. 20 cents of DD for a seconds is good.

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The second chart with the mess on it is BP. I got carried away with BP like a complete moron. I expected it to pop like RIG did yesterday. When it didn't, I expected it to drop like crazy because of the hearings. I was super sloppy. I did not get my stop in fast enough on the first trade and then I was pissed off after that.

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I lost total focus and guts. I was too slow in typing my order to short crude at 76.05. It dropped 80 cents in 3 minutes. Then late in the day I was placing an order to short RIG and I thought I had hit enter as the phone rang. I didn't and missed another good trade. I know - never answer the phone while trading but this was one of those calls I had to get.

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I should be very happy I was only down $225 but on the other hand if I was not sloppy and took the trades I saw after BP - it would have been a good day.

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The Big Mouth Stocks for tomorrow are CLNE and CMCSA. I am already short CLNE.

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The numbers:

Stocks: gross -208 net -232 shares 7200

Stock Futures: none

Forex: none

Not again 5/10/2010

The first chart is the Big Mouth Stock and it worked great.

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My screw ups for the day:

1) I shorted the Big Mouth Stock perfectly but with only 1/3 size and never added.

2) Got stopped out of the Big Mouth Stock when I believe my stop was triggered in error.

3) Got stopped out of my EURO short when I entered 1.2889 instead 1.2898 - the high tick on the counter move was 1.2893.

4) Did not keep my cool when trading RIG. It was too crazy for my stomach.

5) I forgot to cancel my second order for RIG so I got to play again an panic again.

6) Thinking the market would break down later in the day. I long on the QID on top of the day tick.

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I am just glad through all of my screw ups today - I only lost 165. It could have been a lot worst. If I did what I should have, I would have made about 800 on EGO, made 300 of the EURO, made 600 on RIG, lost 150 on MOS and lost 200 on QID for a total plus about 1300.

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The numbers:

Stocks: gross -155 net -195 shares 8000

Stock Futures: none

Forex: gross +35 net +30 1 full contract

Why I am a break even trader - I need to reread this every day. 5/8/2010

Like the title state "this is why I am a break even trader" and not making a good amount of money. I am going to review my biggest mistakes this week. A lot of people are going to say "this is nothing more than a wouldda, couldda, shouldda piece of crap". If you believe it, you believe it. I write this journal more for myself than anybody else.
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Yes - there was many trades I tried taking or took that would have lost money instead of making money. I am not blind. Net Net - if I took all the trades I had orders setup ready to enter in the market - this week would have been a great and I mean great week. I need to learn to push the bottom and hold on a little longer. Taking loses have never been my problem.
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Monday - my big mistake there was X. I watch trades too closely too often. I was too quick to move my stop loss down and then after making that mistake - I did not re-enter. I should have not stopped myself and then added on the break of 54.

Tuesday - you can look at the Tuesday Big Mouth entry. I was trading somewhere where I had to use a web version of IB instead of the Java platform. I am very proud of holding NKE thru the initials moments of pain but once NKE paused and the market was falling - I should have been shorting more shares left and right. Instead the first attempt - IB said a partial fill but it showed no new shares. I refreshed the screen to see if I did get more shares and I was logged out. Really pissed me off and I never tried again that morning. I did keep my stop a hair too close. I could have easily got 20 more cents a share on the trade.
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Wednesday- I screwed up DPZ. (see big mouth chart for Wednesday) I chickened out again a moment too soon. I should have had my stop 5 cents lower and another order to continue to load up on the long side. The stock ran 50 cents before rolling over.
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Thursday - X was a pain in the ass again along with the world. After the big crash, I saw the bounce and thought this is a damn good time to buy. I could not get an order in on either platform. That killed me and it would have been a great trade.

Friday - the pain is added on this day. After watching and waiting for about 45 minutes, finally I felt the market was rolling hard, I saw a setup I really liked - short VALE, and I wanted to go big time on it - sometime like 5 to 10k in shares. I typed in a 2k order than changed it to 4k then just could not pushed the button. Instead I played around with VALE late in the day and only made my broker happy.

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This what I hate. I had enough big chances to make big money and cover any loses on my other dumb trades I would have done. Also I know if I had traded one of them correctly, I know mentally I had a much greater chance of entering the next. I could have gotten the ball roiling and had a big week.

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The way I look at it - should have made $500 on Monday - $700 to $1000 on Tuesday - $800 on Wednesday - $1200 on Thursday and $4000 on Friday. $8200 in total adjusting for other stupid trades. I could have made a lot more.

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It would not have been that hard to do. I have done these types of trades over and over before. If I do not get the guts to push the button and allow for a little bigger loss - say 0.5% on a trade instead of 0.2% - I will always be a BREAK EVEN TRADER.