Hi all, Fellow day trader gave me a challenge to scalp trades on TNA. Didn't matter what time charts/indicators/oscillators I used. Posits that you can't be profitable 5 days in a row. Must execute at least 3 trades per day. Chose the following: 1 minute chart OHLC Bars Standard BB (20,2) with 5 EMA MFI (5) CMF (20) Starts tomorrow (Thurs 7/14). Starting 30k in cash. Should be fun.
No ground gained today. I was positive until the final 25 minutes of the day, and took a .30 point hit chasing a BB break upward. Frack. Day 1: -107 Cap: 29,893
Been lax on updating.. Day 2 (7/15): -664 (No excuses. Bad trading and horrible entry) Day 3 (7/18): -565 (More of the same) Day 4 (7/19): 1143 (Was long the day before and caught the open... rode it till the afternoon and missed a late spike.) Total: 29,807k So one winning day. My friend sent a rather sarcastic e-card to congratulate me. Oh, a few changes. Killed CMF and added 1 min, 30 min charts with similar parameters for time frame clarity.