CL Redux

Discussion in 'Journals' started by schizo, Oct 9, 2009.

  1. Man, I need to figure out how to let my profits run. I think I've got a good entry and stop placement technique (after much struggle and consternation), but I keep settling for peanuts). Some of this may be residual tick-grabbing tendency from the last few days of choppiness.
     
    #19491     Apr 8, 2011
  2. schizo

    schizo

    Short 112.24

    SL 112.54
    PT 111.54
     
    #19492     Apr 8, 2011
  3. ammo

    ammo

    ledge appx 12.36
     
    #19493     Apr 8, 2011
  4. I agree with this. I wouldn't throw the hail Mary, and especially not on the CL. It sounds like you are in a heavy self loathing stage, and will only lead to intentional sabotage and a definitely dip below 5000.

    If you insist on trading live with such a small account, I would recommend switching to a gentler instrument. What about the YM? After all, it's all just price and volume, and the same thing happens on lots of different futures product out there.

    In one of my past moments of weakness, I actually had a terrific 30 minute "heart to heart" with my broker. I asked him to level with me and tell me if it was even possible do make a living trading. I told him I would totally understand if it was a pipe dream, but that I wanted him to be honest. He told me that most of his successful clients started with huge accounts to begin with, and have experience going into the 8-12 year range. It makes sense that the easiest way to trade live as if it was SIM is to have account size that is so huge to begin with that it FEELS like SIM. He told me he genuinely thought I had the discipline to make it at this game, he gave me some additional pointers and sent me on my way.

    Good luck, but please don't beat a dead horse. If what you are doing now doesn't work, find out why and change it!
     
    #19494     Apr 8, 2011
  5. Watching this guy like a hawk...
    [​IMG]
     
    #19495     Apr 8, 2011
  6. Short 112.50's. Stop at 53's...

    Edit: That was quick ;) I think I'll wait to see what the 11:00 crowd thinks.
     
    #19496     Apr 8, 2011
  7. EON Kid

    EON Kid

    112.80 to 113.20,

    maybe a small pullback before a new high at the close?
     
    #19497     Apr 8, 2011
  8. rt5909

    rt5909

    short 112.52. Taking a shot we sell off into the close. Stop 112.67
     
    #19498     Apr 8, 2011
  9. stop moved to .22
     
    #19499     Apr 8, 2011
  10. ammo

    ammo

    cl tl's
     
    #19500     Apr 8, 2011