Hotchs Journal
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Thread: Hotchs Journal

  1. #1
    Greetings,

    I've tried to keep track of my trades a lot of time, and it generally fails. Have decided to get serious about my trading once again (I'm a good for nothing student). Hopefully I'll mange to keep this diary going a bit longer then usual this time.

    As I'm not at a computer each day, my trading is quite sporadic, and I've always wanted it to be regimented, too, what I do must provide me some enjoyment, my trading is always enjoyable, so I have embarked on a plan.

    Said cunning plan is pretty simple, I'm going to attempt to swing trade on a 5 min chart. That is kind of a white lie, what I'm going to do is spend the huge majority of my time promoting peaks and buying troughs about the 5 min chart, half of my position will be removed at 2:1/3:1/4:1/where I think that the first bit of congestion will be (I have not really decided). This will pay for losses, rollover fees (spreadbetting) and so on.

    The other half? Well she's a bitch. She will most likely be discontinued out, but occasionally, I could hit a trend.

    Really what I'm wanting to do is get a few huge positions on some huge tendencies, making my funds (not equity) curve to look a bit like a step functions.

    I understand this isn't the best way of trading, I've written a lot of things on concept, and my thoughts on adding to positions does not actually agree with this, but hopefully it will be entertaining, and if it isn't I'll post movies of my drunken antics.

    Rules (I'm told I should have some of them )

    1. Look, that is why there's rules, understand? So that you think before you split'em. -Lu Tze

    I shall most likely break my rules sooner or later. Mainly I do not trust myself to come up with a good set of principles so we will proceed with these and if they suck then it's OK if I split them.

    2. Don't move it mofo!

    The usual, don't wish to be moving my stops, I don't normally...I'm hoping to trail about the daily/weekly. Won't be moving quits to new entrance stops.

    3. My two cents.

    2 percent risk. I don't typically follow traditionalMM (I might enter this later), thought it would be fun to give it a go.

    4. The trend is the third uncle twice removed.

    Now, generally, the trend is all well and good etc, but if I wish to trade against it I will, and I don't care what you say. Of course If I'm attempting to trail my rankings on the daily/weekly it's probably a good idea to go with it

    5. F*@$ yoda!

    Don't hear other people's thoughts, person I do so all the time, and I'm sure I'll split this one the very best. It is not that the information isn't good, it's just not mine. Different targets, different time frames, eurgh it gets silly. Success is a poor teacher (understand this first hand). I mean I'll hear other's opinions, but once I'm in I'm going to attempt to stick to my targets along with my ceases.
    6.

    6. Take the breeze and ch a few zeds

    I can't work 24/7, believe me, I've tried. It works for a bit and then reality strikes you like a sledge hammer. I will most likely trade at all hours, just not continuously. If I keep up trading the Asian session till 4 I'm not going to attempt to get up for London breakouts and stay for the sell off at US close.

    No longer rules, I'm sure they are more, I just can not think of them atm. I will update if I come up with more.

    I shall try my very best to post charts, analysis, and lots of stats about how it's going. If I really don't harass me about it! I could even post up a few of the rubbish that I spout about on my blog.

    Starting off with pretty much a minimal (#500), as I'm not certain how this will go. Trading on etx, got used to them although it's not perfect. Will trade currencies mainly most likely, but anything which could trend actually, if you need me to have a bash at something just ask.

    That is about it, got to get some work done, place the rubbish out, and who knows, possibly get some analysis performed before the start.

    TTFN.

  2. #2
    I am short GBP/JPY at 146.46, cease is currently at 146.7 due to min stop space, actually want it around 146.55 disperse.

    Bough because I believe we're still headed down, not at the market zone yet, but want to get something on just to get the ball rolling, thought I had been getting at at a discounted price (little dangerous game). Target of 146.05 for half, not likely to be too greedy, it's about the monthly low so far.

    We will see how it goes, either way it's all good as take it away on the way!

  3. #3
    Post drunken antics today!

    PS. GBPCAD good choice of market . Are you going to exchange everything and anything? (shares?)

  4. #4
    I'm subscribed!!
    This guy is an wonderful programmer too.

  5. #5
    Will trade shares. Only problem is it takes a little more effort, but watch this space.

    EDIT: christ this take away is bad.

  6. #6
    Stopped out, as I was moaning about remove I failed to move cease when it was down. So down 24. Glad to be off the line. . .even if I'm supporting it atm

  7. #7
    Long on Aud/USD, ago my line in the sand, at a little bit of congestion atm.

    In at .9225, cease at .9210, target at .927

    I can tell I haven't settled into this, maybe not my usual style, but we will get there.

  8. #8
    Looking for an entry on CADJPY if it slows down (I overlooked the snooze butt on on my alarm clock this morning and hit the off)

    place a straddle on EUR/GBP in .9036 and .9020. Maybe it ought to be in .904 for the very long but oh well.

  9. #9
    Shot CAD/JPY in 83.77, stop at 83.97 (minute ).

    Off to get a shower.

  10. #10
    Short GBP/CAD, obtained slipped a bit but it's nice, cease at 604 (minute I could get), at at 577.

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