My personal Compilation of Various threads in TJ

MSN1979

Well-Known Member
#12
1546938292876.png

PRA ENTRY
Entry on Break of Yellow
SL on Blue, TSL hit

Entry 487.8
SL 485.85
Risk: 1.95
Comission and Taxes .35
Total Loss : NA
TSL 1 489.95
TSL 2 490.5

PPB1 : 491
Exit : 490.5
Total Profit Less comission : 2.82 -.35 =2.47

Max Risk allowed : 4.65
Damage to capital: NA
Capital Increament: 0.49%
Total Damage = 0.29 + 0.65 -0.49% =0.45%
 

MSN1979

Well-Known Member
#13
Yesterday's Learning Outcomes.
PRA- Would work great in ranging markets, in trending market I should try to avoid it.

Trend

1547002366419.png


Possible Reversal
1547002522027.png
 

MSN1979

Well-Known Member
#14
2 trades:
1547019898007.png


Trade 1: Incorrect trade

Switched to 1 min chart and Shorted Opening candle without entering a SL, Fast move caused me to panic and cover the short at 492.70, I chased the SL.

Entry :488.80
Exit : 492.70

Risk: 3.8
Comission and Taxes .35
Total Loss + Comission : 3.8+ .35=4.15
Max Risk allowed : 4.65
Damage to capital: .90%
Total Damage = 0.29 + 0.65 -0.49% +0.90% =1.35%
=======================================================
Trade 2: Correct trade as per system
1547020464190.png

Shorted rejection on 1 min chart

Entry : 491.7
SL : 493.25
Risk: 1.55
Commission and Taxes .35
Total Loss : NA
TSL and Exit not as per system : Took revenge for early morning loss.
Average Exit : 487.13
Total Profit Less commission : 4.62 -.35 =4.27

Max Risk allowed : 4.65
Damage to capital: NA
Capital Increment: 0.86%
Total Damage = 0.29 + 0.65 -0.49% +0.90% -0.86%=0.49%


Learning Outcome: Incorrect trade spoiled the whole day, I could not execute the second correct trade properly and had a sense of revenge to cover the loss. Anger and Frustration played a big role in today's trades.

Second trade exit marked on chart after a break
1547021127690.png
 

MSN1979

Well-Known Member
#15
I took 10 trades today, Although I kept my losses very small to 0.09% loss per trade, but this definitely does not look good. I need to find a way to avoid trades which do not have a favorable risk reward.

Damage to capital : 0.9%+ 0.77% commision= -1.67%
Total Damage = 0.29 + 0.65 -0.49% +0.90% -0.86% +1.67=2.16%
 
Last edited:

MSN1979

Well-Known Member
#17
Learning Outcome

Avoid Inside pivot trades, If need to be taken can take rejection/failure at important points. Its ok to miss a few trades then to trade so many.
 

MSN1979

Well-Known Member
#18
Stopped trading today 1% hit in morning with incorrect trades, I will not trade entire day, Will trade on monday On weekend I must write my rules and be clear about what I need to trade.
 

MSN1979

Well-Known Member
#19
1547443167823.png


trade 1: Shorted at pull back
Correct trade as per system

SL hit

Entry : 469.8
SL: 471.05

risk:1.30 +.35 =1.65

Total Damage to capital : 3.16+ 0.33% =3.49%
 

MSN1979

Well-Known Member
#20
Trade 2


1547443908485.png


Atempted short at complex pullback

trade 2: Shorted at complex pull back


SL hit

Entry : 471.4
SL: 472.1

risk: .70 +.35 =1.05

Total Damage to capital : 3.16+ 0.33%+0.22% =3.71%
 

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