March 2010. results

+242 pips

+32 %

Time for pause

More of bad trading. I'm angry at myself because I did fall out of rhythm that I had. Now all my attention is on p&l. Don't want to close trades when they are no good, so I start averaging moving stops and just plain trading bad.

Maybe I really shouldn't trade at all when I feel confused like now and without clear goal. I start trading because of fear of missing out but I'm not in shape for it. Psychologically I feel different then rest of this month and this pushing myself in is just making things worse. Then I have a thought well when will I get mentally focused, what if it's never? I can't give those answers but I can objectively say that my mind isn't now in adequate state for quality trading.
Then I'm angry because things are like that. Like how could I be so focused and trading good before? What has changed?
One bad day last week, but not bad because it was day with loss but because I pushed so hard to make it profitable even if I was wrong. It changed me the same way as I get changed in bad day when I lose control. Now I'm just not suitable for trading until I get suitable. Before I would just come and trade more and lose like in a period before current positive run. One day I would just get awaken from that bad dream and start doing good things and change cycle to positive. Maybe I should just wait it out.

Today plenty of risk mainly to get me above break even. Totally unnecessary and risky. Am I happy now when I'm positive for the day? NO.

+8 pips



One of those days

It's definitely hard to stop in a day like this. Also when I trade this way I make mistake of not closing position when I have good price for it but I want that position to recover all the loss. It's not attractive to close some bad trade at break even or so but I'm looking for one more push. When it doesn't come I have far worse situation than seconds ago and closing then is even less attractive.
I don't even remember what I was thinking through the day in all those trades. It's just a mess now when I look at it.

-26 pips


Thursday

Little bit ugly market for scalping. Pretty much directionless on smaller time frames with lot's of spikes without follow through.
First trade in gbp/usd gave me instant loss at first so I was very happy to close it in any profit.


+11 pips


Market wilderness

Untypical market with lot's of going on isn't making things easier on scalping front. On my first entry with some slippage gbp/usd tried three times in fifteen minutes to break above with no success. Then when it did it painfully stopped and refused to move with ease and strength which should be expected. So there I shake myself out from pretty much risky trade that I held for long time just when it broke out.
Second gbp/usd trade was intended to capitalize on all longs that are getting in red with now market moving down. It didn't move much on eur/gbp so it was only half success.
In a mean time usd/jpy was flying up like crazy. Then suddenly eur/usd started losing ground and it was obvious on 5 min chart that those lows are going to get hit. Well it lost some prior to my short but it was all recoverable. I was lucky to notice change of speed that happened 30 seconds before the break down and had successful entry. Add to all volatility today that Oanda's platform was problematic and after break it completely freeze. That's rare to see on Oanda but probably at least ones a year.
Few days ago I decided to stop widening my stop beyond my predefined take profit level of twenty pips when market is moving my way. When I move it I usually punch out sooner then my original t/p. So this way I can at least have goal oriented tension to wait out for green dot.
If Oanda didn't have problems I would probably trade more because my adrenaline was up, but there wasn't much tradable action anyway because some kind of low was formed up.

+22 pips