Today I came home exhausted and tired…. I didn’t feel like I wanted to trade but I felt also a bit frustrated that I am still yet to return a profit.

Although I am on the live account, I have yet to clear a profit as I’ve lost almost 50% of the cash in my account!! I have to clear this before I start getting paid. On top of all this, I am paying back the trading academy every month… all this added pressure.

The market feels no sympathy of course and I should know better. The trades I traded where untidy and I wasn’t patient enough to wait it out. I tried to short firstly.. the 5 min stochastics looked as though they wanted to turn but this didn’t coincide with the stochastics in the 15 mins.

The second trade, I went long after the market shot up and retraced. This was a pure play on patterns and I had not taken into consideration that the 5 min stochastics had topped and were heading lower.

I felt frustrated today.. I felt that I have undone a lot of the learning and gone back to making stupid mistakes…. grr…!!! I ended up -16 today!

Tags: daytrade, daytrading, emini, fed, futures, investing, live account, makemesomemoney, s&p, standard and poor, tca, Trading, trading academy, trading blog, trading mistakes, trading psychology

I shorted at 135425 today as the stochastics in the 5 min chart was heading lower. Also the 15 min chart stochastics chart was in overbought territory and I thought it was going to be heading lower.

I was about 8 prices up at one stage but then the market went up and hovered around the previous highs of about 135850 or so before the stochastics finally turned in both 5 and 15 mins and tanked. I wished I had sold again then but after the initial loss, I thought I’d leave it for the remainder of the day.

Loss of -8 today!

Tags: daytrade, daytrading, emini, futures, investing, live account, makemesomemoney, s&p, standard and poor, tca, Trading, trading academy, trading blog, trading psychology