Todays Trading Summary: YM/CL/ EXEL Option
I'm ending my day with a small profit, but I clearly over traded today. It's a small win for me that I decided not to trade anymore today.
Full disclosure: I also trade options, when my daytrading is not going well, trading options gives me the opportunity to take some time off from the daily grind.
I'm ending this day with a loss. Took another CL trade that went aginst me and hit my stop. Began the day with a quick decent profit, kept trading out of fear of not wanting to miss the big monster trade I have in my mind.
The kind of trading that is quick and easy. I will have to mentally prepare myself for only taking easy trades... How do you know it's an easy trade or not you ask?
Well, if you have taken the time to trade what you see based on good technicals, you should be able to get into a profitable trade that's working fairly quickly. The hard part is not to get in the way of a trade that is working... see CL chart below for example. If you have to take multiple trades to get back to even, your better off waiting until the next day to trade again. Tough trading comes with tough losses.
I have to remind myself that my trading is a lifestyle, not the end goal just to make a lot of money or to always be right. I still believe that by trading well and allowing myself to be in the zone, the wins and money will follow.
YM: - $28
Lot Size: 1
Option: EXEL Jun16'17 25 Call
Tota l# of trades: 10
Percent Profitable: 20%
# of winning trades: 2
# of losing trades: 5
# of even trades: 3
"Better trading ahead!"