My Trading Journal: January 2012

Thanks to my wife for her loving support. Thanks to Brain Zimmerman and Lance Beggs for their friendship, support and coaching.

"The world aint all sunshine and rainbows. It's a very mean and nasty place and it doesn't care how tough you are, it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't about how hard you hit, it's about how hard you can get hit and keep moving forward...how much you can take and keep moving forward. THAT'S HOW WINNING IS DONE!! If you know how much your worth then go get what your worth, but you have to be willing to take the hits, and not pointing fingers saying you aint where you want to be because of him, her, or anybody. Cowards do that and that aint you. You're better than that". Rocky 6

Monday, January 30, 2012

1-30

Friday, January 27, 2012

1-27

Thursday, January 26, 2012

Wednesday, January 25, 2012

1-25

6 trade 5 BE 1 w +21

Made me work for it today

Thursday, January 19, 2012

1-19

Wednesday, January 18, 2012

1-18

Tuesday, January 17, 2012

1-17

Friday, January 13, 2012

1-13 trades

Thursday, January 12, 2012

Amazing how 1 tick can cause so much pain

Tuesday, January 10, 2012

1-10

Monday, January 9, 2012

1-9 trades

Friday, January 6, 2012

2 days no trades really? i guess a break even is better than a down week but frustrated that I couldnt find a way to catch any moves. Too much movement I feel i need to find a way to make something some good happen.

Thursday, January 5, 2012

CL 1-5

not happy that crude moved as much as it did and i didnt engage. Maybe i didnt sleep well and my judgement was off but i had a hard time finding entry areas that i thought didnt have major conflicts (short into support area, long into resistance, ect) Too much discrestion ??? maybe

Wednesday, January 4, 2012

1-4 trades

Tuesday, January 3, 2012

1 -3 trade

Notes

"You don't need much more confirmation. It's a low risk entry, with greater profit potential, in the direction of your assessment of market bias. Take the entry and manage whatever happens" - Lance Beggs

"Think strength/weakness in the price action, rather than patterns." Lance Beggs

"Don't rush into trade entries. Identify weakness. Identify trapped traders. Fade the weakness and be a part of the orderflow which springs the trap." -YTC

"My job is to understand and locate market direction, work off key areas for entry, manage the risk, and have a basic understanding of odds/payouts to structure a statistical edge over large samples:

FOCUS is on attacking directional scenarios, executing off key areas and manage risk." -PTE

The reality is that... YOU ARE THE REAL EDGE.

Your implementation of your plan is the true determinant of success or failure.

Many traders know what to do. The challenge is doing it. The challenge is to operate in the environment of uncertainty with productive thoughts, feelings and emotions, to ensure our actions are those which maximise the potential edge within our trading strategy.