Zen Trader: December TF Trades

12/8 TF Trades

Only one long entry today after missing the morning action. Stop for a loss.

12/9 TF Trades

Again a difficult day. Market trended higher all day and left me attempting to wait for momentum to slow. One short entry for break I took a couple scalps long for small profit.

12/12 TF Trades

Short entry near the open for a small winner. Long for small winner. Short for a stop. Long for small winner and then a really nice short trade followed by a really nice long trade near end of day. Sometimes a lack of market movement after a big move can cause feelings of "I missed the move" and a belief that jumping in is the right thing to do. It never is the right thing to do. Always wait for your entry.

12/13 TF Trades

Technically the morning short should not be taken since the channel was not broken, but I took it. I saw heavy resistance above after a strong overnight move and believed it was worth the risk. While I do believe in always following your rules, I also believe you can still take trades that don't meet all of your criteria AS LONG AS your stop never changes. 11AM short for a small winner followed by a very nice end of day short.

12/14 TF Trades

Attempted short for a stop, then attempted long for a stop, then a nice short which worked well and a long for a small profit. Another nice long presented itself and two more nice shorts to make the day very profitable.

12/15 TF Trades

Short entry for a nice win. Two longs for nice wins. A short for a stop. Another short for a break even.

12/16 TF Trades

Nice long in the morning, but missed it. Hung out down by the dots for too long and pulled this one. Good example of not over analyzing tick movement. Very nice short set up around 10AM which was extremely profitable. Put the full short back on at the dots again for another nice gain. Took a long around 12:35 for small win. Ended the day with a couple break evens.

12/19 TF Trades

Frustrating morning. Break even, stop, missed down move, then another break even. And then finally a nice winner in the afternoon. Patience is a virtue.

12/20 TF Trades

Okay this was a hard day. When strong trend days occur they often defy logic. Market continues in one direction without ever looking back and it becomes better to follow trend and sit back. Unfortunately I did not do this. I took a short for a stop, another short for a stop, a long for a break even and then a long for a winner to finish the day slightly in the green. Finishing a day like today in the green is an accomplishment for me.

12/21 TF Trades