Johnny Rock's comeback

Oil:

• Weekly downtrend
• Monthly, it could be carving out a bottom.

Plan:

• Take advantage of the volatility. CL is on the daytrade list (instead of QM).
• Attempt to trade trend days. No fades. No bias. The hardest part of this plan is simply not hallucinating as I am prone to do; just to make a trade.

 

Shenanigans:

• Huge fake out on the breakout that retested the highs
• Breakdown of 240' congestion

Trend:

• Meteoric rise, but that is the trend.
• I wouldn't play this short overnight because of the risk.
• I also wouldn't start buying here.
• This short term break could immediately recover, but how do YOU know?

Plan:

• Day trades only
• Bias: shorts only
• Trend trades for trend days.
• Fight previous predilection for psychedelic phenomena, aka, making shit up in my head and seeing patterns that are not there

 

That does not seem logical or valid. How can MGC be 30 cents off the big daddy? Do you realize how "arbitragish" that would be?

 

Elite traders storm Baron's compound demanding an end to paper trading journals.

 

Short NQ. Stop above HOD.

 

$110 loss. New balance $3880

 

All of these trade journals are rather depressing to read/follow...it's like watching cancerous cells slowly erode your body, -- or acct value,


Good ol' John Boy is not rocking in his comeback,

 

Wow! If the NQ can close here, or higher, score one for the bulls.

 

Lawrence-lugar does come on strong with his viewpoint. However he seems to have a point.
You've got more than 14 years trading under your belt. Even if you are just practicing on demo :
you should be positive every single day, and compounding, not decreasing your balance.

Also, re-reading your thread, it is very good that you are working on your "technicals". But, even if you did not design your own trading system, surely, after so many hours of screen time, you should be able to trade your trend following system profitably.

Also, you've been for 14 years on "technicals", and now going for 2 years to improve it. Have you considered using these 2 years to improve other aspects related to trading?

 

It is the other aspects of trading that have been the problem. As far as the technicals go, I spent a lot of time curve fitting, and attempting to be able to trade any market. As far as being prifitable every day, that is b.s.. And you know it. Lawrence is a troll.