My Trading Journal: February 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

Wednesday, February 29, 2012

2-29

Friday, February 24, 2012

New equity highs and the mindset that takes control.

For me it's like pushing a boulder up a hill. From what I can tell at this point is it's fear. Fear of a draw down. I like being up. It feels good, but I cant stay in one spot just feeling good. I can't and shouldn't be thinking about a draw down or "the dark corner"( my nick name for a draw down.) It will happen one way or another.

I hit a goal this week in my P&L. Time to set the next one and focus.

2-24

Thursday, February 23, 2012

2-23 trades

Thursday, February 16, 2012

2-16

Tuesday, February 14, 2012

2-14

Thursday, February 9, 2012

2-9

Tuesday, February 7, 2012

2-7

Thursday, February 2, 2012

2-2 trading

Wednesday, February 1, 2012

if i didnt know any better i would say somebody was out to get me and my 1 contract.. ;)
Ok so the market beat me today... ill be back

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.