30 Day Trading Challenge -

As part of this 30 days trading challenge, I am trying to see what I am doing right and wrong. I listed my Strength and weaknesses below and my next step would be to look at opportunities to overcome those weaknesses. I feel the answer is going to be to automate some of the weaknesses to take the emotion out of trading and make trading fun.


Strengths and Weakness

Strengths

1. I know computers and how to program
2. I know how to manage my time

Weakness

1. Get in Trades too early
2. Take Profits too fast
3. Spend too much of day looking at computer

30 Day Trading Challenge Week 3 → Aug 19 - Aug 25, 2012

30 Day Trading Challenge Week 3 → Aug 19 - Aug 25, 2012

Goal 1:  Be a better trader by losing 10 LBS by 31 AUg 2012

1. Total loss = -6

Goal 2:  Be healthier by eating low fat and 5 vegetables each day

1. Did well this week

Goal 3:  Earn $50 each session traded using the ES Mini

1. Lost 0  -- Three Week Total = $-180

Goal 4: Track Results in the blog
Goal 5: Complete Exercise Program

1. 30 PU and SU and 30 m of swimming were completed each day
2. 30 m aerobics

General

1. Continued Working on trading plan.
2. Automated setting Trail Stops on my Trading routine
3. Joined Stockmarket Jockey Game and realized that I am not a “scalper”

Next week - I will trade and work to document all my routines.  .   

30 Day Trader Challenge Week 2 → Aug 11 - Aug 19, 2012

30 Day Trader Challenge Week 2 → Aug 11 - Aug 19, 2012

Goal 1:  Be a better trader by losing 10 LBS by 31 AUg 2012

1. Total loss = -4

Goal 2:  Be healthier by eating low fat and 5 vegetables each day

1. Did well this week

Goal 3:  Earn $50 each session traded using the ES Mini

1. Lost a $180

Goal 4: Track Results in the blog
Goal 5: Complete Exercise Program

1. 30 PU and SU and 30 m of swimming were completed each day
2. 30 m aerobics

General

1. Continued Working on trading plan.
2. Researched and Automated some loss prevention techniques
3. Joined Stockmarket Jockey Game to see how I compare
4. Ran my backtester to compare and improve the stocks I am using to trade

Next week - I will work not trade and find out what went wrong this week..   

30 Day Challendge - Trailing Stops

30 Day Challendge - Trailing Stops.  I have been working methods to use more trailing stops in my trading.   Since I don't offen trade after hours I could use more trailing stops during the normal trading day.  I will continue researching this topic in order to improve my trading. 

Next 30 Days will be a Re-look at my processes

Next 30 Days will be a Re-look at my processes.  I am planning to look at the following subjects.


Improve my trading by Looking at the following areas

1. Trading the News
2. Identifying the Best Trade Location
1. Support and Resistance
2. Moving Averages
3. Pivots
3. In the Trade
1. Buy Sell Triggers
2. Best Indicators
3. Market Internals
4. Trade Management
1. Stops
2. Targets
3. Risk Management

Best Indicators for trending or trading markets