mylog

I like using Sierra Charts for backtesting

Thursday, May 14, 2009 2,100 cost. 15K Gambling day. Today, based on the unemployment numbers, the daily chart and what happenned in the foriegn markets, I decided to THINK that the market will go down. I would be 5k down it the market did not drop at the last minute, which I kind of THOUGHT would happen because of the British market. Just luck. This thinking that the market will go a certain way is instant cost. I know it, why am I still doing it? This old way of thinking will stop. So used to having opinions, now a pay the price until I stop it. Have done it about half of the time. This will be the last. If I do it again (not) rag on me.

Wed, May 13, 2009 2500 dollar profit using 15k I did make money, but it was still hight risk style. I did follow the criteria, but if I were more calm and focused, less emotional, a bigger profit with less stress. qqqq may 34 put

May 12, 2009 160 dollar cost A gambling day. Amateur activity. Impulse. I THOUGHT the market was going to continue to go down after most of the move. With 10k, exited with a small cost.

Monday May 11, 2009 $990. profit Entered on the third candle up, exited on the second candle down. Started with 5 k added another 5k halfway up. The Vix was heading down, I forget what the trin and the tick was doing. Very new at this. Still working on impulsive ways.

Will be showing daily trades of Options on the Q's. Been making so many obvious mistakes that I see, I want to put it out to help me get it under control. I have knowlege, training. Main issue - personality changes required. 1. Impulsive, not following the rules 2. Going against the trend. I will post my trades starting Monday. I don't want to tell you today's trades. I will say stayed in overnight. Like flipping a coin on stress test outcome and tomorow morning Labor report. I know it will be a getting lot better and there can be some great exchanges and education Thank you mylog