1.5K Challenge Real Money

Day 2 Bad Bad Day -36%

Day 2 was a hell of a trading day. Not because of the fact, that I had a losing day per se, but because I wasn't careful about linking my execution chart to the MES again..

At the end of the day I'm not particularly upset, because I stuck to my process 100%. Hower, I have to admit, that such inattention is fucks up.





Best

 

Every market has it's nuances, but the principles are the same.

 

IMHO, you need to learn how to take losses.

 

Stick to that process two more times, and you are wiped out. Don't be a moron.

(I.E. If you lose 36% in a day, stop what you are doing...Reassess your plan.)

 

Great insight I'm about to give you...

 

For each position I normaly risk 1% of my balance.

The problem was, that I forgot to link my ES chart to the MES for execution. In Sierra you can chart one contract, but execute for another, when you pull the trigger. I recognized this too late.

So in this case my loss has to be 3,6 %

 

Decimals have a point.

You must be mindful of this.

 

Day 3 +1.74%



Trade 1

Entry short after price rejected the upper gap extreme of a higher time frame @ 5541.25.

Cumulative Delta, ADR and NVOL looked bearish.

I expected a crossing through yesterday's value area.

Stopped out.

Trade2

Entry long after price rejected yesterday's value area high.

Volume and speed increased, when price re-entered today's value area.

I expected a crossing through today's value area.

Target filled.

Best

 

It was -36%.