In an effort to become a better trader i am starting this journal.
Forward test an idea that i was able to successfully use with stocks, but adapt it to futures.
Spend the next year paying down personal debt as I test this system.
In 18 months - 2 years go live.
I have blown up 3 times. The 1st time was in the summer of 2003. Once in 2007 and once in 2008. I traded for a brief time in 2014, but my idea was flawed. I didn't blow up; you might say I gave up, until now. Place your bets, argue amongst yourselves. I have business to attend to.
I find it easier and quicker to post trades on instagram, but since it is not real money, and because of my long-term track record I won't waste your time by posting calls on ET.
Trade only on the few days where I see trend potential for the entire day. I'm watching 3 markets: corn, oil and NQ, but am limiting the paper trades to QM and NQ.
Sell rallies on a downtrend and buy pullbacks on an uptrend.
Here is what makes this methodology different. I set a hard stop and if it is not hit then I close my position at 3:30 pm.
When I used this method in stocks I made 168% (45% win rate) on a small account in 1.5 years. More importantly this method kept me from over trading, and I was able to adhere to this systematic approach.
Only time will tell if I can consistently find quite a few of these elusive trend days.
@johnnyrock5932 on instagram