Monday, August 2, 2010

Bad result for the 1st Day



This time my discipline eat me alive. I wanted to gain $500 per day to reach $10000 target. And that's when the disaster came.
Still discipline in trading. I won't let myself lost control. Then I added contract for 6E. This bugger chopped me alive dozens of time. My only mistake was I took entry too far from my SL. That's one mistake. The other mistake : well, I gave up on 6E around 07.00 EST. Plus my adding size didn't work at all.
Since I already lost >$1000, my survival setup released. It's just usual setup but with more entries at the best setup only plus more aggresive size. The objective was to get par today. And it worked :)
End of day, I have to sustain my psychology state. Learn my lesson, tommorrow for a better result.

2 comments:

  1. Profit targets tend to do that =/ Some days are good for trading and other days the market just doesn't respond. At least that's why my profit targets have failed in the past. Gotta take what is being given that day, I guess.

    Congratz on breaking even though =)

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  2. Hi Anon, tq for the insight. Yes, I have dilemma here. Profit target pressured my trade, but without it, I can't improve my result. confusing :(

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