+404 Missed the index reversal. Trades #4 & #11 were showing >500 profit at some point, which I didn't take waiting for them to turn into big runners. When #16 started showing 500, I focused on that number instead of the PA and bailed to protect it at the exact moment CL took off for an additional 1k+ run...
-1,048 Rising vix is accelerating the trip around the Ghetto circle. Figured I'd try wider stops for today's btfd trend fighting. Since my documented actions over the past two weeks are starting to fit the cliché definition of insanity, next week I shall attempt something I haven't tried before - define entries.
Man, My offer was a well meaning offer. the company ( charity) I mention - you receive your money back as you are making loans to start-ups you choose. The reason I offered this help is I can not understand why someone would just blow an account when they do not need to. The offer obviously will not e always on the table.
-52 After last Thursday, the account dropped to an uncomfortable 1.6K, so I decided to sell my Honda Civic on Craigslist and deposited all 1.8K I got for it to the account. I guess that completes full Ghetto circle with a "Reload" step, even though it's possible to trade 1 NQ/ES/TF with 500 in the account. smallStops, I know you mean well, but this addiction cannot be stopped with an online intervention. When the cash is gone, there is always a kidney. No trades last Friday and yesterday. Did some usual gambling today while trying to think what exactly am I trying to accomplish. Looking at the daily CL candles for example, I see tons of non-dojis packing decent profit in the body. I have no idea where the daily will close, but I know where it opens and when it will close, therefore I must be in a trade near the daily open and hold it into the close. I'll try that. Obviously this will be the game of surviving the chop around the opening price, but maybe playing with 2 contracts in the chop zone can help. Averaging down/up or adding to the breakout then taking one off quickly when it shows profit, shit like that. I whipped up an indicator for NT and called it GhettoZone – just a couple point zone around the open. Anything goes in the GhettoZone, but no longs below it and no shorts above it. Since I'm failing at trying to catch imaginary and real reversals, maybe this will put me at peace with the almighty trend. Here is a trade from today that fits the idea. Of course, when I have -500 of cuts and the account balance is approaching 1K, it's impossible to hold such trade into the close and not to take the 600 profit.