Cory2679

Potential UJ long... UPDATE: No fill...came within 0.5 pip of my order. Order canceled.

UPDATE: Full profit! I needed that.

Currently long the UJ...

Well, I'm attempting to master day trading, so I pretty much just focus on the 15 minute chart as my primary chart. I like day trading because I feel like with more opportunities (vs swing or position trading), I'm getting more practice. EDIT: I may someday be forced to focus only on much longer timeframe charts, though!

Just reviewing my 1R loss and realized that I was basically going long a tick or so under resistance!

UPDATE: Stop moved down... FINAL UPDATE: Taken out...

Now short the GU......

Shouldawouldacoulda UJ short...

Potential GU long... UPDATE: Taken out for a full loss (first one since I started trading/posting consistently a little over 5 weeks ago). You can imagine how I'm feeling right now.

Thanks for the reponses, iwshares & todds. I appreciate it. I was just sitting here thinking and came to the realization that all I can do is my best...and hence my primary objective should just be to make my best better! I can't get so mad at myself and upset as long as I'm doing my best. Hindsight's 20/20. I am well aware that I can't trade like Thales at this point, and I'll never trade perfectly...all I can do is my (current) best.

FINAL UPDATE: Taken out for break-even. The dashed red line is closer to where the stop was actually placed, due to the 5.1 pips of slippage at entry, the 2.4 pip spread, etc.

Potential USD/JPY short... UPDATE: I got filled but not without 5.1 ticks of slippage!! Jeez... I guess it was because of the consumer confidence news. That's some of the worst slippage I've gotten.

Currently long the USD/JPY...kind of wishing I wasn't... UPDATE: Stop moved up. FINAL UPDATE: Taken out...

I really don't know what to do to keep myself from focusing on the money and letting my emotions get out of control. I basically sit down to trade with a knot in my chest these days. It's unpleasant. And that's a shame because there was a time when I found trading enjoyable/fun. My problem is not my fear of losing money itself, it's about losing my profits (and a pressure I feel to add to those profits). When I started a few weeks ago, I started with about $1k in my account...I didn't really care about losing that. I could trade as though I had nothing to lose and so my emotions stayed under control. It's the $150 of profit that I have that I seem to be scared to death of losing....so it's not purely about money, it's more about performance/profits. I really don't know what to do. Any thoughts??

Currently short the EUR/USD... UPDATE: Moved stop to break-even and got taken out... UPDATE 2: Well gosh that was stupid. I'm still screwed up emotionally. I really don't know what I'm going to do to pull myself together. Basically while holding the short I saw a tiny pop on the GBP/USD and thought the EUR/USD's next! I'd better get out of this! It's gonna go up! If I was still in this like I should be and had no reason not to be other than my silly fear, I would have my stop at break-even now...price came down, then retraced to about the entry point, then made a new low near my break-even point...

Well, no trades for me today...no major shouldawouldacouldas either, really...just kind of a slow day. I guess the week is over! I've been trading and posting consistently for 5 weeks now, so that means I can calculate a 5-week average! I like to track my performance via a trailing 5-week average... This was a tough week for me. For most of the week, I had really fallen off the wagon emotionally. I had lost the mindset of trading to practice, practice, practice, and to learn. I started focusing on the money! If I would miss an opportunity, if there was no opportunity, or if I took a loss (Monday), I was a complete wreck...I was devastated. It was pathetic. haha There were two times this week that I missed out on decent opportuniy that I saw ahead of entry basically because I was too upset to even take a trade! It sounds ridiculous, I know. I think I've gotten back on course now. I actually managed to bring myself (barely) positive for the week and I feel like I'm back to my good mindset...I didn't make any money today and I'm perfectly fine! I think a big part of the reason I began to focus on the money is because I was making a little money! I had a pretty decent week last week. I need to keep my head on straight, though. Have a good weekend! Cory

FINAL UPDATE: Moved stop and just got taken out of the second half... (It doesn't really look like it would have taken me out on my Ninja chart, but FXCM did.)

UPDATE 2: PT1 filled and I've moved my stop down just a little to lock in some profit on the second half...

Currently short the EUR/JPY... UPDATE: Close enough to the dotted magenta line...stop at break-even...

Potential EUR/USD short... UPDATE: Order canceled...

Another try at a potential EUR/USD short... UPDATE: Order canceled...

Potential EUR/USD short... UPDATE: Order canceled...

The only thing I might add is that to me, price looked toppy. At the top of an impulsive move, price started to lose steam, started rolling over, etc. It looks distinctly different from a pull-back...rolling over is the description I like. (The downmove looks more like a potential candidate for a pull-back at this point.) And as you've already mentioned, it was approaching a recent swing-high level. But as with anything, I'm sure you can scroll back and find 10 examples of price looking very similarly and spiking upward. That's why it's not easy!

Somewhat of a shouldawouldacoulda short on the USD/JPY... I actually wasn't even around my computer to see this one setting up. I really need to get myself straight and come back tomorrow morning fresh with a better attitude/mindset. I think I've gotten a little bit derailed emotionally! So silly, I know. However, I would have been hesitant to take this trade in real-time because it's such a small swing. From the blue line to the red line is only 8.3 ticks...with a typical FXCM spread of 2.4 ticks, that would mean a total "risk zone" of 12.7 ticks (it's actually 13.1 ticks on my FXCM chart), 35% of which is just the spread and a tick on either side! On my ninja chart, it looks like price has passed +3R, but in reality, maximum favorable excursion is only about 1.75R at this point... With futures, it might not have been so bad. I think I'm calling it a day...

If it's any consolation, I'm having a bit of a slow week so far myself. Other than the shouldawouldacoulda on the EJ, it's just been pretty blah.