It’s All About Patience And Discipline

Posted on April 27, 2012 by Market Hustler

It’s been awhile since posting here and I’ll start posting trades once again…but probably next year to have a whole fresh year of trades. Gotta be honest, haven’t been doing amazing. This week I’ve been had some killer trades with bonds and Apple options into earnings however.

I cannot stress enough how important it is to be disciplined and stick to your rules/strategy/plans. Being patient and waiting for the right moment is just as important. Forcing a trade will hurt your bottom line and make you lose your shirt….from first hand experience, trust me on this one. I’d even say because I’ve been straying away from my strategy/rules and being way too damn impatient, I’ve lost quite a good amount lately. It’s important when this happens is to take a break. Take a day or two or even a week. however long it takes for you to regain a calm mental state, take it.

Taken To The Woodshed

Posted on November 9, 2011 by Market Hustler

Damn did I get ripped apart! Exited before my losses got even worse, so I’m not that beat down. Also had what I believed to be decent entries. Gotta work on tighten my stops.

TDAmeritrade Account: $6,389.27 ($1042)

TDAmeritrade Forex Account: $1,125.90

OptionsHouse Account: $2,133.60

Total value: $9648.77 ($1042)

Day Of Missed Opportunities

Posted on November 8, 2011 by Market Hustler

Various reasons came up to miss several points of action today in the spoos. To name a few: work, dumb-exit-to-demonstrate-how-to-close-a-trade-on-thinkorswim-to-friend, hesitation.

Lots of great setups, but due to reasons such as the ones above, I was not able to capitalize on them. Definitely looking for some revenge and try to get at least 2 points during the overnight session.

TDAmeritrade Account: $7,431.27 ($36)

TDAmeritrade Forex Account: $1,125.90

OptionsHouse Account: $2,133.60

Total value: $10,690.77 ($36)

Tough But Decent Start Of Week

Posted on November 7, 2011 by Market Hustler

I had a choppy day today gaining some and losing some. Caught several points during late afternoon’s rip to negate all my losses and take a little bit of profit.

TDAmeritrade Account: $7,395.27 ($338.50)

TDAmeritrade Forex Account: $1,125.90

OptionsHouse Account: $2,133.60

Total value: $10,654.77 ($338.50)

I’ve been focusing mostly on trading the E-mini S&P futures because I want to improve on futures trading first. Eventually when I win back all my futures trading losses (currently down about $6k), I want to concentrate on options and lastly Forex.

Ending The Week Nicely

Posted on November 4, 2011 by Market Hustler

Was down quite a bit in early morning trading, but gained it all back and then some.

TDAmeritrade Account: $7,056.77 ($247.95)

TDAmeritrade Forex Account: $1,125.90

OptionsHouse Account: $2,133.60

Total value: $10,316.27 ($247.95)

Takin It Easy

Posted on November 3, 2011 by Market Hustler

Since making a couple hundred already earlier this week, I’ve been just relaxing and not really trying to trade much. Gonna try my hand with some weekly option trades tomorrow, expecting to lose!

TDAmeritrade Account: $6,808.82 ($18)

TDAmeritrade Forex Account: $1,125.90

OptionsHouse Account: $2,133.60

Total value: $10,068.32 ($18)

Whew, Close One

Posted on November 3, 2011 by Market Hustler

Nearly lost several points from a ES trade, but was able to get out by a tick.

Got lazy and didn’t post on Fri/Mon:

TDAmeritrade Account: $6,790.82 ($73.50)

TDAmeritrade Forex Account: $1,125.90

OptionsHouse Account: $2,133.60

Total value: $10,050.32 ($73.50)

Smoke Em If You Got Em

Posted on November 1, 2011 by Market Hustler

Got lazy and didn’t post on Fri/Mon:

TDAmeritrade Account: $6,717.32 ($817.52)

TDAmeritrade Forex Account: $1,125.90

OptionsHouse Account: $2,133.60 ($79.74)

Total value: $9,976.82 ($737.78)

Chump Change

Posted on October 28, 2011 by Market Hustler

TDAmeritrade Account: $5,899.80 ($215)

TDAmeritrade Forex Account: $1,125.90 ($8)

OptionsHouse Account: $2,213.34 ($81.58)

Total value: $9239.04 ($141.42)

Looks like I still need work on my options trading.

Wacky wacky

Posted on October 27, 2011 by Market Hustler

Crazy day. I was down about $500 and the point where if I didn’t have enough money in my account for the a single E-Mini S&P futures contract. Luckily I got some consecutive scalp trades netting about $600.

TDAmeritrade Account: $5,684.80 ($150.50)

TDAmeritrade Forex Account: $1,117.90 ($119)

Options House Account: $2,294.92 (injected $2,000 in there; $240.36)

Total Value: $9,097.62 (minus adding principal to OH acct, $29.14)