Sunday, February 6, 2011
Friday
I ended up doing no trades friday......most of the day we had a tiny range....and lower volume.....then after the econ. reports we got some volatility.....by that time of day...especially on a friday I had no interest. Ready for business Monday !
Thursday, February 3, 2011
Nothing today
I did no trades today, "ECB" day for the euro......you never know what to expect...and decided to play it safe.....as it turned out....would have been a good day "perfect play"....was a good number. I will resume tomorrow morning. I have watched "Steve Vai's" video several times today.....just love it ! Every single thing he says...applies directly to our trading business......very inspirational !
Great Video
I came across this video from the guys at SMB Capital's blog........I have always been a huge fan of Steve Vai.......and when you listen to what he says about being successful in music......of course it applies to anything.....but especially to TRADING !! Just fantastic !
Wednesday, February 2, 2011
Just the way it goes
Started the day with two consecutive losers......kind of surprised...but it can happen...low volume through the day.....decided to take my lunch break 13:00-14:00 today..[gmt+2]...last several days I took lunch from 12:00-13:00...and missed several trades..thought I would be "smart" today...LOL and of course as fate would have it.....no trades 12-13.....and missed 3 winning trades worth over $300.00 during 13:00-14:00...."murphy's law"....afternoon was very slow.....never had a chance to make it back to green ! My "reads" and "focus" were excellent today ! I am very happy about this.....this really is all that matters..."big picture".....one hour...one day..means NOTHING....when you have an "edge" all that matters is maxing out "sample size"....just get your trades done everyday...and the cash will follow !
Tuesday, February 1, 2011
Back on track !
Computer crash yesterday....as well as internet issues.....back at it today...10 trades.....7-0-3 +52 ticks +$650.00 [6e futures].....closed software before taking a screenshot of P+L....will try to remember tomorrow. Banging on new highs again in 6e.....makes for choppy trading.....I thought when she sold off friday...we would stay down for a while.....so much for that...LOL I always keep a running "stat" which I call "PERFECT PLAY" it is the win % and profit I should have each day if I perform "perfect".....ie...all trades executed...and held for proper distance...etc. Its obviously very hard to nail everyday....but "knowing" what you should have for "numbers"....each day...shows exactly how good or bad you performed....and it's a way to "grade" yourself with a % each day. Today I did pretty good ! Any number above 75%...I consider good....This business is ALL about "PERFORMANCE"....from your "method" to your "execution"....Just getting it done everyday is tough !
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