Saturday, April 18, 2009

School and New Job

So far the month off that I took turned out to be a positive. A friend of mine hooked me up with a job, so now the pressure is off with dealing with living expenses. The earliest I have to work is 4 pm so that is perfect, because I don't take new trades past 3pm. 

Also I'm coming up to my last 2 weeks of school. Tests and finals like crazy. I will be training this week as well as studying so I may trade here and there. I'll be trading full tilt once finals are over.

Wednesday, April 15, 2009

Oops

Well so far I just missed a short because I went to enter into the trade at 842.25 and didnt have quantity selected. Ha, oh well. People on chat said Trade Station had a new high tick of day at the high unlike TOS. That pisses me off. Damn conflicting tick data. We'll see how the rest of the day goes.


Tuesday, April 14, 2009

Monday and Tuesday

Monday was my frist day live. Instead of trading I actually needed to finish up my taxes. Options were such a pain in the ass! Anyways I got them done and out in the mail, so no trades.

Today I woke up a bit late because the weather was just horrible and couldnt get up. I got to my screens and sat down and looked like we came close to a gap fill by 2 ticks. I ended up not taking any trades today. I sat back and watched two perfect shorts line up. Just watched, not acceptable. Would have been great trades, because the market feel off about 10 points later in the day. So I'm pretty pissed I watched the first work perfect and then again the second time. Below is the chart.


Today's Results

ES: +0

Thursday, April 2, 2009

Switching Broker

I just got back from my trip to Atlantic City for my 21st. I've been doing a lot of thinking lately on the way I want to approach my trading. First off I'm leaving Thinkorswim and going to Infinity for their platform. I'm still a die hard TOS fan and use them for charting and swing trading options. 

I will be using 1 contract now with infinity to get started. I'm planning to moving to 2 contracts with a 6 tick stop still and selling my first at plus 2 ticks. After first target is hit I will move my stop to minus 4 ticks and then trail it up myself as the trade works.

I'm currently reading Trading in the Zone to help me get over my fears I guess of losing money and being wrong. I think that is whats making me not pull the trigger when I feel a trade sets up. I feel like I have come so far since May and I think what's holding me back is all mental. I'm also looking to take on a part-time job on the side because I feel like it's the smart thing to do. My goal is to grow my account and I can't do that if I deplete it to live off of.