20121026
Long 1 YM 13041, -0
Long 1 TF 814.7, -0.7
Long 2 TF 813.3, 813.0, +0.5, -0.5
Long 2 TF 810.7, 810.7, +0.8, +2.0
Long 2 TF 811.5, 811.5, +0.5, -0.6
Long 1 TF 810.7, -0.3
Long 1 TF 810.6, -0.4
Long 2 NQ 2653.75, 2654.0, 2653.5, -1.0, -2.0, -1.0
Long 2 NQ 2653.5, 2652.0, -0, -1.0
Long 2 NQ 2640.5, 2640.5, -1.0, -1.0
Total YM -0
Total NQ -7.0
Total TF +1.3
Weekly Trade Summary 2012126-20121022
Total ES +3.25
Total YM +15
Total NQ +2.0
Total TF +3.8
It seems the real value of journal entries blossom only when the journal is reviewed.... and preferably BEFORE a day's trading, not just afterwards. Otherwise, journal entries, designed to modify future behavior, can be forgotten as quickly as bad trades. But journal lessons are not to be forgotten. They are to be ingrained. Today, I passed on two inflection breakout entries because I let myself get spooked by the action. The action did not prevent those inflection breakouts from achieving very nice potential profits. Profits I needed to stay on track towards my daily goal. Instead, the day was a wash, and with similar errors earlier in the week, the week as a whole was below weekly goals. Review your critiques. Your critiques are created to understand your weaknesses and mistakes executing your plan. Your mistakes tend to be habitual. Bad habits cannot be broken nor better ones established without a constant review of your behavior. Reread your journal BEFORE the trading day starts. Make your mental resolutions to do better at these critical plan junctures. Then execute your trading according to your plan, and eventually your behavior will change accordingly.
