Trading Getting Better As Week Rolls On: +$295.79

I really like my patience of late. It appears that my lack of focus is a good thing as it doesn’t make me eager to put on trades all the time. Finding the right spots is a big part of this game and the last few days I’ve picked my spots quite effectively.

Here are today’s results:

After commissions are factored in, I ended up with +$295.79 in profit.

I don’t have much to say as I’m usually more talkative when things go bad and I try to figure out why. Days like today, I just stuck to my rules and traded with patience. I wasn’t greedy trying to stretch profits. My entries were pretty good and the trades worked from the start. Can’t complain.

Here is what the MA trade looked like on the 1 minute chart:

Here is what the SRS trade looked like on the 1 minute chart:

Off to buy ingredients to make lobster sandwiches for dinner. We live in a lobster heavy part of Canada and nothing beats paying around $7 a pound for the freshest lobster. Enjoy the rest of your day everyone.

Good Trading Despite Lack Of Focus: +$380.91

I think I traded quite well today especially when you consider two things: 1) I didn’t feel very focused and was distracted easily, and 2) My first trade was a loss.

Despite these two obstacles, I managed to pull out my highest profit day so far this week. That was mostly due to the fact that I was quite disciplined and didn’t let the first loss bother me.

Here are the results:

After commissions I booked +$380.91 in profit today.

Two charts for you today. The first one shows my BIDU trade which resulted in a loser. In retrospect I should have waited for it to actually break out before going long. As you can see the breakout never occurred and I was left taking a loss. Speaking of BIDU, I should take it off my watch list as I never seem to have luck trading it. I imagine my winning % with that name is quite low.

The second chart shows my SRS trade which was well placed and well executed for a nice profit.

Going to enjoy dinner out with the family tonight and back to the grind tomorrow.

Closed My Overnight Hold & Did Errands: +$144.90

I spent most of the day running around doing errands.  I did get rid of my overnight hold, SKF, in the first 1/2 hour of trading. That made my day as it reversed from a loser and bailed me out of a mistake I made yesterday.

The result is not good in the sense that I shouldn’t have turned a profit on that trade as I broke almost all my rules but a win is a win. Spending the day away from the market also helped me clear my head and should result in more focused trading tomorrow. We shall see.

After commissions I booked +$144.90 in profit on this trade.