2010-04-28

Day Result	Positive 23 (33 before commissions)
Stats	# Win Trades: 3 Win %: 43 # Loss Trades: 4 Loss %: 57 --------------------------------------------------------------------- Win $: 69 Win Shares: 600 Win Ratio: 115.00 Loss $: -36 Loss Shares: 800 Loss Ratio: -45.00 --------------------------------------------------------------------- Max Win $: 31 Avg Win $: 23 WRatio/LRatio: 2.56 Max Loss $: -15 Avg Loss $: -9 Win$/Loss$: 1.92 --------------------------------------------------------------------- Long P&L: 12 Long Shares: 600 Long Ratio: 20.00 Short P&L: 21 Short Shares: 800 Short Ratio: 26.25 --------------------------------------------------------------------- # Long Trade Wins: 1 L Win % 33 # L Trades: 3 # Short Trade Wins: 2 S Win % 50 # S Trades: 4 80	Win ratio is average. However, max win$ result in a green day.
Mood	Great.	No issues.
Stress level	No stress.	Still working on 30-45 minutes screen time. Goal is to increase it by 5 minutes daily.
The Good	Continued to get good opportunities with FNG strategy.	Goal: Keep working on this strategy until May 15
The Bad	Did not scalp today. Average hold time was 20 minutes. Getting better at removing emotions with position on. surely was able to get away with FST big loss by controlling emotions and focusing on chart.	Goal: Identify candle patterns at the end of 5 min bar to decide whether to stay or leave trade.
The Ugly	Nothing to say here today.	Goal: Think about staying with winners longer.
Psychology	Keep unattached from P/L and focus on charts. Charts saying. Listen. Play small until emotions are totally detached. No hurray, no sorrows is the goal.

A Brief Trading Self-Assessment
* How many of your trades today (or this week) had an explicitly defined risk and reward?	ALL
* How many of your trades today (or this week) did you execute according to the defined risk and reward?	ALL
* How many of your trades today (or this week) were based upon clear market patterns and a clear identification of how the market was trading?	ALL
* How many of your trades today (or this week) were placed out of fear of missing a move? Out of frustration following a loss? Out of boredom in a slow market?	NONE
* How many of your trades today (or this week) would you place again if you had the same circumstances?	ALL.
* How many of your trades today (or this week) came from advance planning and preparation?	All
* How many of your trades today (or this week) were sized properly, given your level of confidence in your ideas and your desired risk management?	Currently on small size. Will stay on this until reach a defined profit targets. (see psychology above)
* What did you learn today (or this week), and how will you put that learning to work tomorrow (or next week)?	Identified high risk play and how to avoid it. Saved $$ on FST.
* How did you feel about your trading at the end of the day (or week)? Proud? Disgusted? Regretful? Satisfied?	Good.
* What can you do tomorrow (or next week) to feel proud of and satisfied with your trading?	Keep with FNG strategy.

2010-04-27

Picture says it all. Bad pick. Resulted in big losses. Stop loss not honored in "hope". Got in for "fear". All bad traits resulted in one big loss that three small winners could not bring it back.

Day Result	Negative -140 (-135 before commissions)
Stats	3W 1L (75%); LWin: 25, LLoser -180	What a day!!! even with 75% win rate, I am down big time.
Mood	Great. until loss started getting big.	stunned at the results, "hoping" that the thing will budge, but it kept on going up.
Stress level	1 hour of trading, but stress level high because of big loss	Screen desktop has been organized, so that all information is at one glance and fewer mouse clicks. Few cognitive loads. No distractions.
The Good	Continued to get good opportunities with FNG strategy. Bad pick was my fault.	Goal: Keep working on this strategy until May 15
The Bad	Did not scalp today. Average hold time was 20 minutes. But it was only in hope to get rid of the loser.	Goal: Identify candle patterns at the end of 5 min bar to decide whether to stay or leave trade.
The Ugly	Picture says it all. I am disgusted.	Goal: Think about staying with winners longer. How? Add psychology row in this sheet to monitor, how I am working on this daily.

A Brief Trading Self-Assessment
* How many of your trades today (or this week) had an explicitly defined risk and reward?	2 out of 4.
* How many of your trades today (or this week) did you execute according to the defined risk and reward?	2 out of 4.
* How many of your trades today (or this week) were based upon clear market patterns and a clear identification of how the market was trading?	All
* How many of your trades today (or this week) were placed out of fear of missing a move? Out of frustration following a loss? Out of boredom in a slow market?	1.
* How many of your trades today (or this week) would you place again if you had the same circumstances?	3 out of 4.
* How many of your trades today (or this week) came from advance planning and preparation?	All
* How many of your trades today (or this week) were sized properly, given your level of confidence in your ideas and your desired risk management?	Currently on small size. Will stay on this until reach a defined profit targets.
* What did you learn today (or this week), and how will you put that learning to work tomorrow (or next week)?	Identified high risk play and how to avoid it.
* How did you feel about your trading at the end of the day (or week)? Proud? Disgusted? Regretful? Satisfied?	Sad.
* What can you do tomorrow (or next week) to feel proud of and satisfied with your trading?	Never enter in high risk big gap play. Honor stop losses. Don't hope, act!!!

2010-04-26

No trading last week due other commitments

Day Result	Flat -3 (+3 before commissions)
Stats	2W 2L (50%); LWin: 27, LLoser -22	Not good stats
Mood	Great.
Stress level	No stress after 30 minutes of trading	Screen desktop has been organized, so that all information is at one glance and fewer mouse clicks. Few cognitive loads. No distractions.
The Good	Continued to get good opportunities with FNG strategy.	Goal: Keep working on this strategy until April 23
The Bad	I am still in scalp mode. Need to change this habit.	Goal: Identify candle patterns at the end of 5 min bar to decide whether to stay or leave trade.
The Ugly	I am still working hard just to make sure that I don't lose. This is wrong psychology. Need to shift the paradigm. Average hold time was 10 minutes.	Goal: Think about staying with winners longer. How? Add psychology row in this sheet to monitor, how I am working on this daily.

A Brief Trading Self-Assessment
* How many of your trades today (or this week) had an explicitly defined risk and reward?	All
* How many of your trades today (or this week) did you execute according to the defined risk and reward?	All
* How many of your trades today (or this week) were based upon clear market patterns and a clear identification of how the market was trading?	All
* How many of your trades today (or this week) were placed out of fear of missing a move? Out of frustration following a loss? Out of boredom in a slow market?	None
* How many of your trades today (or this week) would you place again if you had the same circumstances?	All
* How many of your trades today (or this week) came from advance planning and preparation?	All
* How many of your trades today (or this week) were sized properly, given your level of confidence in your ideas and your desired risk management?	Currently on small size. Will stay on this until reach a defined profit targets.
* What did you learn today (or this week), and how will you put that learning to work tomorrow (or next week)?	Identified psychological issue regarding fear of losing gains. Need to improve that. Will add a row monitor it daily.
* How did you feel about your trading at the end of the day (or week)? Proud? Disgusted? Regretful? Satisfied?	Proud
* What can you do tomorrow (or next week) to feel proud of and satisfied with your trading?	Same as today.

20100415 stats

Day Result	Positive +40 (+44 before commissions)
Stats	3W (100%); LWin: 27, LLoser 0	Great. Keep it up
Mood	Great. Screen time was 20 minutes.
Stress level	No stress after 20 minutes of trading	Screen desktop has been organized, so that all information is at one glance and fewer mouse clicks. Few cognitive loads. No distractions.
The Good	Continued to get good opportunities with FNG strategy.	Goal: Keep working on this strategy until April 23
The Bad	Looks like I am in scalp mode.	Goal: Identify candle patterns at the end of 5 min bar to decide whether to stay or leave trade.
The Ugly	Realized today that I am working hard just to make sure that I don't lose. This is wrong psychology. Need to shift the paradigm.	Goal: Think about staying with winners longer. How? Add psychology row in this sheet to monitor, how I am working on this daily.

A Brief Trading Self-Assessment
* How many of your trades today (or this week) had an explicitly defined risk and reward?	All
* How many of your trades today (or this week) did you execute according to the defined risk and reward?	All
* How many of your trades today (or this week) were based upon clear market patterns and a clear identification of how the market was trading?	All
* How many of your trades today (or this week) were placed out of fear of missing a move? Out of frustration following a loss? Out of boredom in a slow market?	None
* How many of your trades today (or this week) would you place again if you had the same circumstances?	All
* How many of your trades today (or this week) came from advance planning and preparation?	All
* How many of your trades today (or this week) were sized properly, given your level of confidence in your ideas and your desired risk management?	Currently on small size. Will stay on this until reach a defined profit targets.
* What did you learn today (or this week), and how will you put that learning to work tomorrow (or next week)?	Identified psychological issue regarding fear of losing gains. Need to improve that. Will add a row monitor it daily.
* How did you feel about your trading at the end of the day (or week)? Proud? Disgusted? Regretful? Satisfied?	Proud
* What can you do tomorrow (or next week) to feel proud of and satisfied with your trading?	Same as today.

20100414 Stats

Day Result	Slighlty positive +9 (+21.5 before commissions)
Stats	6W 3L (67%); LWin 7, LLoser 4	Good work
Mood	Great. Screen time was 1 hour this helped
Stress level	Normal
The Good	Continued to get good opportunities with FNG strategy, Screen organized better to view information	Goal: Keep working on this strategy until April 23
The Bad	Several trades resulted in more commission. Could not stay in winning trades as much	Goal: Keep an eye on completing 5 min candles and context around to stay longer with the trade
The Ugly	See pic. Context was nice to stay and get more profits	Goal: Keep an eye on completing 5 min candles

20100413 Stats

Day Result: Flat (1 after commissions, 23 before commissions)

Mood: Great: looked forward to it

Stress level: Normal at the beginning, tired after 1.5 hour of screen time -> goal: take 15 min break after 1 hour of watching screen.

The good: Found good opportunities with focus only on one setup "The Finger" from FNG. -> goal: keep working on this setup for two more weeks (target date: April 23)

The bad: Stressed out watching screen after 1.5 hour. Several trades caused more commission. Freaked out and took profits too early without watching 5 min candles) -> goal: keep an eye on 5 min candles for entries and exits). Wait for 5 min candle to complete or about to complete.

The ugly: MEE loss caused by loss of focus. FLEX order messed up because of wrong order entry resulted in extra commission. goal -> see stress level above.