It's a miracle, green on a Monday. Too many trades again, although I never hit my new Monday personal stop loss of $325. One of those winners would've been a good one. The chop was making it too hard to hold. Sold for a plus 3 after it reversed too hard for my liking. Ended up making it to plus 15 before the close. Feel good about fighting the chop today, was able to really manage the losers in to small losses. Chop is something I trade so poorly, maybe it'll give me a little confidence boost. $ goal is just not coming close to where I want to be. Although my goal is to keep losses small, I have to be careful. I don't want to get scared of losing, and then miss winning the bigger trades. I've definitely been in, and mismanaged what turned out to be large winners during this combine. My style relies on those 10-15-20 point winners. I need to stick to the plan. I'd be well over the $ goal at this point if I managed those trades better.
Profit on a Monday, tis all good I traded Chop really well, then Trend as chop and gave it all back, then slowed down and did okay for the rest of the day thankfully, Trading is TRICKY don't be too hard on yourself.
Keep up the good work. I like your $325 stop amount instead of risking the full $500. Shows good discipline. Outside of plan big down days just kill. I've had plenty of revenge trading sessions in the past, hope all of that is behind me. Good luck with the rest of your combine.
Thanks you very much, I appreciate it. I'll be following my normal stop limit Tuesday-Thursday. It's Monday's and Friday's that I'll be following this rule. I trade very poorly in the days.
Stick to it all days if I was your you, stick to 1 contract until your say +200, then you have more to lose worse case. Same rules when Live with them, ie game over in 1 bad trade?
In theory it sounds great, but it's just too tight for how I trade. Typically I'm trading 1 contract in this combine, 2's are a rarity. My win loss rate is extremely low, so I go through periods of losers, It's just how it goes. It's really the only way I feel comfortable trading, because it's the only way the math works out.
Another poor day. Last trade stopped to the tick at LOD, it happens I guess, lol. Almost 3 weeks in now, and not trading well at all. Probably plus $300 total at this point, a little under $200 for the restarted combine. Need to settle down and focus a bit. I felt like I would be a lot more at ease trading the combine, but that hasn't been the case. Maybe it's due to the fact I'm putting it out there for all to see. There is also somebody on the other end reviewing the combine. There will be plenty of opportunities coming up. I just need to relax and prepare.
Educated guesstimated entries which is what we are doing, is sadly a hard game, you'll get good days and bad days that's just random chance for you, don't be so hard on yourself as long as your learning then all is good They won't review it, till you pass, there not watching, there just hoping for another $100 for a restart coming there way! I'm 10 years in, I still screw it up more often than not