Purpose of journal: - Increase motivation & accountability for doing the âright things,â even it decreases my profitability for a given trading session, as my focus is on long-term skill development and not on short-term profits What I plan to share: - Session results, discussion of things I did & didnât do well, and enough about my methodology to put the discussions in context What I donât plan to share: - Every detail of my setups and how I manage them, although Iâm sure over time these things will become obvious as I discuss how I entered & managed certain trades. My initial concern is that I trade thin markets (Hong Kong futures) and I donât want any increased competition for liquidity at my desired entry and exit levels. Of course this will only be an issue if I demonstrate consistent profitability, but I believe it to be a valid concern nonetheless. What I invite: - Constructive criticisms, although whether I take your advice will depend on how good it is and if itâs aligned with my market paradigm - Encouragement and support - Call me out if I do stupid things, see âPurpose of journalâ above What I donât invite: - Endless Q&A on the Asian futures markets themselves. If youâre too lazy to use the search function, Google, or research IBâs website for margins, commissions, hours, volume/liquidity, rollovers, etc. for Asian exchanges and their products then you probably donât have what it takes to trade these products anyway - Flaming, nay-saying, off-topic rants, and all the other things that make journals less interesting What I trade: - HKFE products, including HSI, HHI, and MHI (mini HSI). Right now I mainly trade MHI, with an occasional HHI trade. In the near future HHI will become my main product, and eventually I plan to trade both HHI and HSI. For a description of why Iâve forced myself to trade MHI for a season, see my next few posts which will cover my trading history and where I am in my journey When I trade: - Monday through Thursday nights, HK morning session only (currently 8:45pm to 11:30pm Central time). On most nights Iâm done by 10:30pm, as it tends to quiet down during the last hour before the lunch break. I donât trade Sunday nights and I donât trade HK afternoon sessions (1:30am to 3:15am) - Why do I limit myself to trading these hours? o I have a good-paying day-job that allows my family (wife + 2 small kids + dog) to live comfortably; living in Texas makes that even easier with low living expenses (FYI, Iâm a manager in the IT compliance field). My wife doesnât work, and with a degree in Psychology she wouldnât make enough for it to be worth it anyway. Plus I like her at home raising our kids the way we want to raise them. My job has lots of potential for increased advancement and payâ¦ Iâm very good at what I do and Iâve been well-liked and on the âfast-trackâ everywhere Iâve worked. Iâm 33 years old and Iâm at a sweet spot in my career with about 9 years experience in my field. My point of all this is that my day-job is not something Iâm willing to walk away from until I have the proper skills and capitalization to make trading a high-probability full-time venture, and not have to compromise my familyâs lifestyle substantially. Make no mistake about it though, trading is my primary passion in life, has been for several years now, which is why I actively trade outside of US hours. Iâve switched between various Asian and European markets over the past few years, but have found the Hong Kong market hours (and volatility) to work the best with my work schedule and not impair my ability to be alert and 100% effective when Iâm at work. - I usually work from home on Fridays and will occasionally trade US markets these days. This is sometimes against my better judgment thoughâ¦ I got my head handed to me on a plate in early April when I tried trading CL for the first time. If I do trade US markets I try to stick to equity index futures like ES and NQ Trading Style: - Price action, currently use 8 setups, although 3 contribute to 80% of the trades - Scalps & intra-day swings - Trend & counter-trend - I believe strongly in âsituational probabilities,â meaning no setup inherently has an edge; itâs all about knowing when to use it (you are the edge) The next few posts will recount how I got here.