Monday, December 20, 2010

Update

So I have decided to take a break for the remainder of the year. I not only could use the time off, but the holidays are coming up and I doubt it would be a good trading environment for me (flat/choppy). I've also applied for a management position at my weekend job, and hope to get it. If I do get the job my trading schedule will be changing because the job will be 4pm-12am MST during the ski season (normal 9-5 type job during the rest of the year).

Tuesday, December 14, 2010

Trades for 12-14-10

I did great with my mental stability (not spazing out whenever I’m down), but I still didn’t trade as well as I should have. First I didn’t check today’s calendar to see what was going on before I started trading. I also should have expected to have no trades due to the fed release. Lastly I should not have traded the fed release.

Forex: (-6.85%)
All times on the charts are Mountain Standard Time

5 trades, 4 losses, and 1 gain


Thursday, December 9, 2010

Trades for 12-9-10, and weekly total

My total for the week is: +5.21%

This week was a bit rocky, but today was good encouragement to carry into next week. Since it’s the end of my trading week I thought I’d share some music with you.



Today I finally managed to keep myself from overtrading. Granted it was really because I took a nap at 3amMST and didn’t wake up until 7:30amMST (slept during my normal trading hours). I’m still happy though because I could have fallen into the mental trap of “got to make money because I missed out on my normal trading hours,” which would have put me in an overtrading mindset.

Forex: (+.47%)
All times on the charts are Mountain Standard Time

1 trade for a gain

Wednesday, December 8, 2010

Commodities, Offshore drilling, and Forex highlights

An unexpected jump in fuel inventories sends oil down
Forex highlights
Offshore drilling picking up slowly

Trades for 12-8-10

Even though today’s results look good, I traded very badly. For starters I over traded again, and then I refused to take a loss so I started to increase my sizing. The only reason I was up today is because on my last trade I traded my “normal” size (vs. the 5% sizing that I should be trading), and it turned out to be a gain. I’m very disappointed in myself, and need to keep improving.

Forex: (+3.67%)
All times on the charts are Mountain Standard Time

6 trades, 4 losses, and 2 gains



Trades for 12-7-10, and a personal update

Last week’s trading was abysmal, and there are no excuses for it. After talking with my dad we came to realize that I need to back off in a major way on my sizing. This is because I have a problem when I trade for real I get results like last week’s. It’s a mental hurdle I need to overcome because I kick ass at paper-trading. So the decision is to trade about 5% of my account for at least the remainder of the year. This way I can get used to trading with real money, and slowly build back to where I was before.

Now on to today’s results,

I fell into the overtrading trap again. I can and will conquer it! I think the cause of it was I just wasn’t feeling good and shouldn’t have traded.

Forex: (+1.10%)
All times on the charts are Mountain Standard Time

8 trades, 3 losses, and 5 gains





Tuesday, December 7, 2010

Trades for 12-2-10, and weekly total

My total for the week is: -5.81%

Today I only had 2 trades.

Forex: (+1.10%)
All times on the charts are Mountain Standard Time

2 trades, both gains


Trades for 12-1-10

Horrible trading today, nothing else to say.

Forex: (-3.08%)
All times on the charts are Mountain Standard Time

9 trades, 5 losses, and 4 gains