Johnny Rock's $100,000 Challenge

Discussion in 'Journals' started by johnnyrock, May 26, 2021.

  1. johnnyrock

    johnnyrock

    Changes:
    1. Day trade the MES
    2. Starting capital $1900
    3. Focus on one market
    4. Weekly updates and live trades on https://twitch.tv/g_anon
    5. Monthly updates on ET
     
    #21     Jun 5, 2021
  2. Overnight

    Overnight

    Nickel's worth of free advice. Do not keep changing. Find one thing, and work with it. Otherwise you will run in circles getting nowhere.
     
    #22     Jun 6, 2021
    SimpleMeLike likes this.
  3. johnnyrock

    johnnyrock

    MES is what I have been paper trading. I'm sticking with that.
     
    #23     Jun 6, 2021
  4. johnnyrock

    johnnyrock

    His setup:

    https://www.elitetrader.com/et/thre...lf-for-trading-preferably-15-inch-max.359280/

    My setup:

    Screenshot_20210606-184707.png

    As weird as this may sound, I actually like the IBKR app over TWS. Easily, with just a swipe, I can change the candle sizes, get a birds eye view and zoom in to get a clear picture. I also like the ability to go from a 15' chart to the hourly, 4 hr, daily or weekly.

    I would much rather have his setup!

    However, me and the laptop are not as compatible as me and cricket.
     
    #24     Jun 6, 2021
  5. johnnyrock

    johnnyrock

    • Lifted from another ET thread
    • Great video
     
    #25     Jun 6, 2021
  6. tiddlywinks

    tiddlywinks


    I tuned in for 20 seconds...

    So yeah, the absolute best way to stay out of a bad trade is not to get into one in the first place!

    Reality is, you will, guaranteed, end up in a trade that goes against you. How you handle THAT situation, is where the rubber meets the road.

    Welcome back johnny.

     
    #26     Jun 6, 2021
    johnnyrock likes this.
  7. johnnyrock

    johnnyrock

    That's actually some Socrates level stuff right there. Each of my blowups was directly caused by my inability to handle an over leveraged trade going against me.
     
    #27     Jun 6, 2021
  8. tiddlywinks

    tiddlywinks

     
    #28     Jun 7, 2021
    johnnyrock likes this.
  9. johnnyrock

    johnnyrock

    #29     Jun 8, 2021
  10. johnnyrock

    johnnyrock

    To save time:
    • Here is the chart.
    • Find Dummy Trading in the way back machine.
    • Also check these meme stocks on Reddit with the system at traders.blogspot.com
    • Check the other meme stocks too
    • I picked this one because it was on the front page of CNBC
    Screenshot_20210608-180622.png
     
    #30     Jun 8, 2021