Daily Score: +.11

Batting Average: 66.67%
Full Stop %: 22.22%
EpT: .56
 
 
I traded well today given the low volatility in the morning session & overwhelmingly high volatility this afternoon. I took one full stop on my first trade of the day which really was just a bad trade. I saw a TRIX hook- & took it but there wasn’t enough there to warrant an entry & I was justifiably punished. By this afternoon I had recovered and was slightly above B.E.

Then came the announcement….and TradeStation locked up! So I still had the capability to enter trades in Interactive Brokers via Ninja Trader but my charts were completely locked up. I could see the price action flying but it was just too much for TradeStation to handle & so I had to chart mentally using only the tape and hope that I was right.

This was my first time trying to do this so I really had no idea whether or not I’d be able to pull it off but I was up for trying! So I placed my first trade & a few seconds later took a full stop. I then waited for another opportunity and went long this time & scored a quick couple points. At this point, I was up on the day and decided to call it quits as my charts still had not unlocked & if I’ve learned one thing about TradeStation, its that you don’t screw around with it when its having a bad day.

Upon analyzing those 2 mentally charted trades this evening once my charts were back online, the first one was horrible! There was a double momentum divergence signalling in the direction opposite of that which I entered, so if anything, I should have been playing the other side of the market! Makes me really appreciate the value of those charts and how bad I am a tape reading only :-/ The second trade though was a beautiful trade playing a breakout of a very nice base & exit at the next real resistance level.

So 1 out of 2 isn’t bad. But I hope I don’t have many opportunities where I have to make a choice to try again!