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Wednesday, September 22, 2004

2 paper trades (2-0-0) for +$140 (-$9.60 comm)

Though it was a gap down and strong downtrend day, there seems to have been some good trading opps for all today. Let's hope the market is getting some life back into it. I was using AutoTrader. It lacks a DOM like Bracket Trader, which is the sort of thing I'm used to with my previous J-Trader experience. I haven't figured out how to set my own target and stop, so I was stuck on the default 1 full point (10 ER ticks). That's a pretty wide stop in this usual tight range environment we've been suffering through, and my first trade was during the midday slim-jimming. It was a ZLR short that went wrong on me after a couple bars. I just waited it out for an hour until it was back in my favor and left with 4 ticks. The 2nd trade was a ZLR short that clicked and never looked back. It hit the 1 pt target before I could screw anything up manually (even if I knew how).

With one day left in the week, I'm feeling good about my progress. Working with a foreign front-end is a slight setback. I have to figure this thing out. But since outlining the first draft of my trading plan earlier, I'm showing much better discipline. My # of trades has fallen drastically. I'm also pleased to be focusing more on the CCI, sticking with trend trades and real setups, and allowing myself to backoff intraday when my physical/mental level falls off.

With that said, I still feel like shite warmed over. Some kind of stomach bug has added to my woes and drained me further. I have no appetite and all I've eaten today have been some potato chips and a slice of toast. Oh yeah, and more of those sugary good Pepsi's. We tried to unload a 12 pack on friends, but they returned it with an additional 6 pack. I hate to let things waste.

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