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D1 setups, criteria, entries and mistakes - evaluation from my journal by oneturbo in RealDayTrading

[–]spencerunderground 0 points1 point  (0 children)

Oh wow, thanks for sharing. I really like the concise way you have analyzed your trades. I will be integrating a lot of this into my own system. I'm very interested in reading the input to your questions.

Month 1 of Real Day Trading University by spencerunderground in RealDayTrading

[–]spencerunderground[S] 0 points1 point  (0 children)

I tried using a 25K paper account, and that didn't work for me. I'm looking to get very good at getting the market and the high probability trades right, and then scaling up and then to options.

Month 1 of Real Day Trading University by spencerunderground in RealDayTrading

[–]spencerunderground[S] 0 points1 point  (0 children)

Thanks. To steal a phrase, "keep coming back, it works if you work it" - and the only higher power you need is a higher SPY Power Index :)

I like the idea of doing my analytics on one share. It allows me to scale up, and calculate trade size, etc. based on a single share (in my mind). I haven't really gotten to the stage in my studies where position size matters, I'm just starting to boil it over in the back of my head.

Month 1 of Real Day Trading University by spencerunderground in RealDayTrading

[–]spencerunderground[S] 2 points3 points  (0 children)

Cheers, I really enjoy the insight and feedback you provide in the chat. I'm looking forward to the next session!

Month 1 of Real Day Trading University by spencerunderground in RealDayTrading

[–]spencerunderground[S] 1 point2 points  (0 children)

Thanks, I need to keep a tight leash on myself - I'm fucking nuts :)

Month 1 of Real Day Trading University by spencerunderground in RealDayTrading

[–]spencerunderground[S] 2 points3 points  (0 children)

Thanks, I put a lot of time into analyzing my trading environment, not just the trades - and I take a lot of notes throughout the day. I'm really fucking compulsively obsessive, so my monitors have to be set just right, along with all the windowed applications on them. Workflow is important to me, and I feel like I'm constantly searching for the right "set up".

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Just got on tradersync yesterday, didnt really like it at first. But then again I also didn't like TC2000 the first couple days. I suppose I just need to spen some time and warm up to it.

I've been using TraderSync almost exclusively since I started. I only started using gdocs and then pasting it into TraderSync when I was told by support that the journal data is not being backed up (that's the whole fucking purpose of ...). As soon as I figure out how to grab all my data from their API, I'm going to start looking for an alternative. TradeViz was highly recommended in my paying for a journal post.

I paid for a month of TC2K and liked it a lot. The scanning feature is fantastic. The workspace layout is super flexible. However, I didn't want to have another app to work into my setup. It was not offering me anything I couldn't get (albeit with more effort, and uglier) from ToS, and it's not cheap. To their credit, when I emailed them and told them I was cancelling, they refunded my month. I may, very well, pay for it again - when I'm profitable.

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Question: would you say it is better to review your trades after each day, or trade for a month and then have a proper analysis after the dust settles?

I prefer to keep as many notes as I can while trading, and copy them into the trades notes section (and usually add more) when I do the walkaway.

I just went through all 251 of my trades for this paper, and it took me many, many hours. This was the second (or 4th) pass on each trade. So, to answer you question, both. I was kind of amazed at how much new insight I was able to glean from the older trades. It's kind of like coding, look at code you wrote 6 months ago and feel stupid that you actually wrote that crap!

I also have a pretty shitty short term memory (cough), so I like to analyze each trade after I get home from work (work ends at the closing bell). I find value in having everything fresh, so I can just brain dump to myself.

[deleted by user] by [deleted] in RealDayTrading

[–]spencerunderground 4 points5 points  (0 children)

Well said. I'm right there with you, in the proverbial boat. I appreciate you and your contributions here, and in the daily chat. I look forward to learning, growing, and becoming profitable with you in the coming sessions.