(Semi?) live trades December 19 - NQ

[PaceAdvantage]

Live testing a new trading method I devised...yesterday I got my azz handed to me on a silver platter...thinking today will be different...

[Insert huge colorful emoticons/graphics here.]

[Saratoga_Mike]

Good luck today - you got screwed by the crazy mkts yesterday - no Fed day trading in the future.

[PaceAdvantage]

09:30:23 SOLD -1 /NQH4 @3495.50

[PaceAdvantage]

09:31:35 BOT +2 /NQH4 @3496.75

Now long

down 1.25

[PaceAdvantage]

09:33:04 SOLD -2 /NQH4 @3496.00

down 2 points...now short

[PaceAdvantage]

09:34:33 BOT +1 /NQH4 @3494.75

Down .75 now flat

[PaceAdvantage]

Philly Fed and Existing Home Sales at 10am

[PaceAdvantage]

Choppy action at the open...which I am not a part of...thankfully...

[RaceBookJoe]

Choppy action at the open...which I am not a part of...thankfully...

indices choppy, nice run on /CL off dbl bot, VRTX,SCTY QIHU nice traders so far...good luck

[RaceBookJoe]

I missed that beautiful short on /NQ @ 3497, oh well :)

[RaceBookJoe]

I missed that beautiful short on /NQ @ 3497, oh well :)

What made it a good setup to me was that 3497 @ approx. 6:48pdt was basically a multi-top on negative divergence and my squeeze turned red. Just wanted to give more reason why I said above it was a beautiful short.

[PaceAdvantage]

10:06:07 SOLD -1 /NQH4 @3486.75

[PaceAdvantage]

10:08:01 BOT +1 /NQH4 @3489.75

[PaceAdvantage]

down 3.75...sigh...and I got shafted on that last entry by 3 ticks...

[PaceAdvantage]

10:11:03 SOLD -1 /NQH4 @3486.25

Trying again

[PaceAdvantage]

10:15:58 BOT +1 /NQH4 @3480.00

[PaceAdvantage]

Up 2.5 points and flat

[PaceAdvantage]

10:50:11 SOLD -1 /NQH4 @3492.00

[PaceAdvantage]

11:09:30 BOT +1 /NQH4 @3491.75

[PaceAdvantage]

Up 2.75 and flat

[PaceAdvantage]

11:20:41 BOT +1 /NQH4 @3492.25

[PaceAdvantage]

11:24:03 SOLD -1 /NQH4 @3490.75

[PaceAdvantage]

Up 1.25

[PaceAdvantage]

It's like watching grass grow today, compared to yesterday...lol

[PaceAdvantage]

I might hate myself for this, but a signal is a signal:

12:44:38 BOT +1 /NQH4 @3493.00

[PaceAdvantage]

Knew i'd hate myself:

12:51:00 SOLD -1 /NQH4 @3490.75

[PaceAdvantage]

Down 1 point

[RaceBookJoe]

The NY lunchtime can be tricky time to trade. I haven't made a trade in over an hour, will break until approx. 11pdt and see if anything jumps, but day is pretty much done.

[PaceAdvantage]

13:07:47 BOT +1 /NQH4 @3493.00

[PaceAdvantage]

It's been lunchtime since about 10:45am ET...lol

[PaceAdvantage]

13:12:35 SOLD -1 /NQH4 @3492.25

balls

[PaceAdvantage]

Down 1.75

[PaceAdvantage]

14:33:57 BOT +1 /NQH4 @3492.00

[PaceAdvantage]

15:06:22 SOLD -1 /NQH4 @3493.50

[PaceAdvantage]

Down .25

[PaceAdvantage]

This is one of the sloppiest days of trading I've seen in a while. Boggles my mind how much I got killed yesterday, when on a day like today, you'd think I would also be getting slaughtered....lol

Then again, as if I already haven't said it a million times, I did leave a huge winning trade on the table yesterday due to technical difficulties... :rolleyes:

So I continue to comfort myself with that thought. :lol:

[PaceAdvantage]

NQ has been trading around that 3492.50 level like it's a monkey shimmying across a river on a metal rod...yeah...I really reached for that imagery, didn't I?

[tucker6]

NQ has been trading around that 3492.50 level like it's a monkey shimmying across a river on a metal rod...yeah...I really reached for that imagery, didn't I?
That was a rough ride today PA. I'm not sure what you set out to prove today, but you proved to me that day trading is difficult at best (if not impossible) to win at, and involves more of an element of luck than skill. As a previous poster said regarding trading, buy and hold has a longer term success rate. Just like anything else in life, slow and steady wins the race 99% of the time, but everyone wants the rush that comes with the pursuit.

... and yes, that was imagery I didn't need to end the day ... :lol:

[PaceAdvantage]

That was a rough ride today PA. I'm not sure what you set out to prove today, but you proved to me that day trading is difficult at best (if not impossible) to win at, and involves more of an element of luck than skill. As a previous poster said regarding trading, buy and hold has a longer term success rate. Just like anything else in life, slow and steady wins the race 99% of the time, but everyone wants the rush that comes with the pursuit.

... and yes, that was imagery I didn't need to end the day ... :lol:It was a rough ride, but I came out relatively unscathed...now yesterday was another story...lol

I'm not expecting to make money every day...just make more than what I lose...

One more day to go tomorrow...

[RaceBookJoe]

You are giving it a great go, just not the results you are looking for yet...you will get them. Best advice is to have a plan ( method, money, mindset ).