2010-05-04

Another good day. See psychology section to polish strengths and remove weaknesses.

Day Result

Positive +56 (+61 before commissions). Largest total win since writing the blog.

STATS

# Win Trades: 4 Win %: 100 # Loss Trades: 0 Loss %: 0 --------------------------------------------------------------------- Win $: 62 Win Shares: 800 Win Ratio: 76.88 Loss $: 0 Loss Shares: 0 Loss Ratio: 0 --------------------------------------------------------------------- Max Win $: 21 Avg Win $: 15 WRatio/LRatio: 0 Max Loss $: 0 Avg Loss $: 0 Win$/Loss$: 0 --------------------------------------------------------------------- Comments: Excellent win %. Total win is largest since start of this blog.

Mood	Great.	No issues.
Stress level	No stress. Screen time: 45 mins.	Still working on 30-45 minutes screen time. I am at 45 min screen time now. I felt little stressed at the end of session. That was also because of an early morning office meeting which went for about 2 hours. So, cannot blame totally on trading.
The Good	Continued to get good opportunities with FNG strategy. Airlines and home building sector theme was obvious from NH/NL list.	Goal: Keep working on this strategy until May 15
The Bad	Did not scalp today. Average hold time was 10 minutes. Getting better at removing emotions with position on.	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. Just identify context with candles	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. Noticed some excitement when all positions went in favor. Didn't stay long because of that, the urge of taking all off the table, kept my fingers on exit button and finally I gave up and pushed the button on all positions. There was no real candle signal to get out. But I did. I guess when all positions are in favor the whole psychology is different. You just don't want to give all these gains.	No hurray, no sorrows is the goal. Practice scenarios in imagination to avoid such situation in future. Before beginning close eyes and imagine all green in PnL. And still waiting for candle signals to show up before exiting.