Yet another day where I become very angry with the market and end up shooting myself in the foot before I even have a chance of making money. For some reason the past week or so I have been so angry with trading. I think fighting for pennies is really getting to me and I expect to only win because I know that if I want to get to those levels that I think are possibly by the end of the year then I have to start making more money now. The problem with that is that we always say "use bigger size never trade more." Right now I am trading too much and using the same size I have been using for about a year. I think maybe once february concludes and I have a profit then I will go up to 2 contracts per trade in futures and in options. That will bring in the possibility of averaging around $100 green days which would bring my avg day to probably $50 which means I could possibly make around $500 or more a month. I know thats still not enough to cover expenses but baby steps. Dont wanna blow my entire account. Heres the trades

 

1d:2m Futures

1st: Trend Continuation Short

2nd: Trend Continuation Short

3rd: Trend Continuation Short

    So right off the bat I took 2 trades that were the same thesis and I lost on both of them. Within the first 15 minutes of the open I was already at my 2 back to back losses. This is the definition of impatience. I think that yes if the market was going to trend today then getting that short at the open wouldve been very nice but going for the second retest is really just not worth it. Once it broke higher it was somewhat clear that it was going to continue higher. I only lost $25 on both of those trades so its really not too bad but I shouldnt be taking opening range trades when I never study them and I never do well in them. As I keep saying, I am a patient trader who likes to get in, set stops, leave, come back and see what happened. That is how I need to be trading. My biggest wins of my career come from that style. I know its not conventional but trading is not meant to be conventional or everyone would make money. After those first 2 shorts that I lost on, I took another short in my options account right at the previous day close area. .

 

1d:2m Options

1st: Trend Continuation Short/Gap fill fail

    I shorted right near the PDC then stopped out at the PDC. This put me red $50 on the day and it was still not even 10:00 yet. This is just hilariously dumb. Why the fuck am I trading this much before 10:00 when I used to never even take a single trade before 10:00? I have PTSD from times where the market just opened and immedaitely started trending lower and lower and lower so I think this is stemming from that but those markets are no more and I shouldnt be looking for those massive panic moves. 

 

    After this options trade I took my last trade in my futures account. If you check the futures picture above you will see it in center screen. THIS is how I like to trade. I found a good spot to look for a lower high and I got in with a very nice entry, set my stop at the break of a new high, set my target at an attempted break of the previous lower low. I left my computer completely and went to go workout and while I was working out I saw my order filled and I checked my account and I made $78 while I wasnt even watching the market. THIS Is how I need to be trading every single day. Wait for the noise to settle in the morning, find a clean opportunity, take the trade, set the stops, walk away. This 1 trade was my only winner of the day and it outweighed each of my 3 losers by a factor of 3x. That is damn good. I need to find out how to ONLY take that trade and avoid all the other shit in the morning. That is where my edge lies and I am kidding myself if I think I am just going to become some opening breakout type trader. I hate scalping and I hate quick moves. I like slow patient trading and that is who I will be moving forward.