Discussion in 'Journals' started by johnnyrock, Jul 20, 2017.
I certainly thought a bear flag was setting up in oil. I was not expecting this today.
Trading for Dummies: I used the TfD system on stocks (thanks Maoxian) and achieved a 168% return in 1.5 years with a 45% win rate.
I don't trade this exact same way with futures, and I am in the process of forward my adaptation, but it taught me a few things.
This system works! Check it out on the way back machine.
I like the 15' time frame for day trading.
I see a lot of people bemoaning program trading and others - programmers - heralding it as the only way to make money.
I heard these same arguments in 2004. Trend trading is also an option. In fact that is what I am basing my comeback on.
Btw, wasn't Long Term Capital Management run by PHDs?
The NQ is up huge, bigly, in premarket trading.
Backwardation? Contango? Wtf?
I guess this is showing Contango. Higher price because of storage costs. However, what I find noteworthy is that the patterns are similar.
This doesn't factor in to the day trading scenario, but it is something I am keeping an eye on as I attempt to make long tetm crude plays in the future.
Long QM. Close position at 3:30 est if stop is not hit. Stop is under the consolidation. Paper trade.
Week 2 results $105 gain.
Largest winning streak since inception, 2.
Largest losing streak since inception, 1.
Best winning percentage, 100%, week one.
Most profitable week, $390, week one.
Losing weeks, none.
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