Day Trading Lab Day 2

Day Trading DT Lab Day 2 Minus 45 Ticks

Day Trading DT Lab Day 2 Minus 45 Ticks

Would you believe I got to close to the market and missed the long trade today? Yep! Did I do that … say it like Merkel.

Anyway … I gave back 1/2 of my trading gains … and you know I am good at doing that. You have to risk to gain though. It comes with the territory.

You win some and you lose some trading days.

I believe the market was going to head down, but I was proven wrong in the trading account as I missed the long and then got caught in the wash on the short.

Right now, I definitely believe the market will see 5333 before we go over 5411.

And … if I would have played my hand correctly today … then I would be at worst at breakeven on my day trading session.

The things that don’t kill us … what … that right … only makes us stronger as traders!

Wistia Summary Video (YouTube Video Uploaded Wrong Video)
 

 

Futures Crude Oil Day Trading Wistia Video: Minus 45 Ticks Today Ouch!
 

 

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Day Trading DT Lab Day 2 Minus 45 Ticks

What can I say about today …

It falls under the W.S.C. component of trading. That is the Woulda … Shoulda … Coulda …

If I would have done this than I should have done that and I could have had this … it is all moot. What we are measured on in the end is what our trading account balance says and nothing else.

What …

My trading account balance on the 30K combine at TST says I lost 45 ticks today and I lost over 1/2 of my trading gains on a day I should have knocked it out of the park once again today.

It happens …

All I can say it SHIT happens. You win some and you lose some. I was very close to winning today, but I made a couple of critical mistakes during my trading session that cost me the trading day.

Can I recover? Certainly. I am very confident in my trading abilities when I see the correct trading setups that are in my wheelhouse. I should have not moved to breakeven on my long trade today and this would have put me in the bonus column today as well.

Remember … very … very close to 1P; instead of, just moving to breakeven on a whim when there is a ton of trading time left in the trading day. In other words, my motto should normally be 1P or 1/2R or Bust on pretty much every trade I put on!

 

Good Trading,

David M. Knight
TradeCraze

P.S. Remember the ONE THING as a trader and I will be fine!

P.S.S. TST 30K Combine Trading Statement Summary Report

 

 

 

About The Author

David M. Knight

I am a 30 Year Futures and Commodities Trading Veteran. In addition, I enjoy games of skill and chance like: poker, craps, blackjack and roulette. During my professional career, I have developed and implemented successful trading strategies and methods; along with winning systems in games of skill and chance. Join with me on our mutual journey together.