This will be my first trading journal. I'm going to attempt to day trade ES mini's exclusively. My goal is to hit 7000 this month and every month from now. Here are my rules: -If I hit -975 for the day I will be done for the day. -The maximum number of contracts I can use at any given time is 5. -If I hit -500 for the day, I can only trade one contract until I am back above the 500 loss. -I start out the day using a maximum of 2 contracts. -If I have a profit over 500 I can use 3 or more contracts. -The maximum number of points I can risk on any given trade is 3 points. -There is no profit limit for the day. However, once I hit $1250, I will put a stop loss on my profit slightly above a $1000 so I can lock in at least $1000. I will do this with every $1000 increase from $1250 (ex; $2250, $3250, etc...) -I will never average down. -I will average up if a position is in my favor. (ex; 3-2, 2-2-1, 1-1-1-1-1) In terms of trading, it will be totally discretionary. There will be days I go for quick scalps and other days I hold for huge winners. There's really no set rules for how I trade, the only rules I'm really placing on myself is the money management rules above for now. These are the following area's I will considering when entering and exiting a position: - Pivot points - Support and resistance area's - Opening range - High and low of the day - Trends and trend reversals All right that's it for now. I plan on updating this journal at least once per week. Take care.