Wednesday, October 19, 2011

10/19/11 Trade Results: 2 trades, $225 profit

I have added to my rules the following:
- 4 trades max per day, no matter what
- 5 points max risk per trade on the NQ

I began to have an issue with over trading the past few days. Over trading in turn leads to trading in bad market environments. So, I'm trying to challenge myself to 4 trades max per day. This way, I ration the trades and only trade in good trading environments.

Today, I had 1 trade during the regular session, which met max profit at $200. I am ending for the day, making it a 1 and done day. The only reason I'm doing this is to learn discipline, patience, and to build confidence. It's always better going into the following day with a profit. Here is the chart:

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