Trading Journal of a Top Futures Trader

Discussion in 'Journals' started by TopKoreanTrader, Sep 22, 2024.

  1. maxinger

    maxinger



    Are you a
    day trader (trading about 5 round turns a day)

    or scalper / high-frequency trader (trading > 100 round turns a day)?


    your max loss is 4 points.
    It is too small for a day trader.
    (and you widened the max loss subsequently?!??!)

    Your entry price is extremely bad.
    You are late by 2 hours!
    If you missed the boat, DO NOT CHASE AFTER THE MARKET!

    There are far too many major mistakes in your trade.
     
    Last edited: Sep 22, 2024
    #31     Sep 22, 2024
    Darc and TopKoreanTrader like this.
  2. Have closed the crude oil trade at 7146, have to go to lunch. 355 $ profit for the morning
     
    #32     Sep 22, 2024
    CALLumbus, Darc and Sekiyo like this.
  3. maxinger

    maxinger


    at times, crude oil and index futures move in tandem.

    But be careful with this trade.
    During today's Asian session,

    the USD dominated copper, oil, gold .... hardly move.

    CME crude oil, and China INE crude oil futures hardly move.

    Better wait for the Europeans to wake up.

    You should aim for about 30 to 40% success rate.
    Don't aim for < 10% success rate.
     
    #33     Sep 22, 2024
    Darc and TopKoreanTrader like this.
  4. Hi coin flip,

    If I do that, some people are still going to say that I am faking things up. :) Maybe posting real time chat don't know.
     
    #34     Sep 22, 2024
    Darc likes this.
  5. Hi Max, thanks for the comments. Well I don't know, I've been doing ok doing what I'm doing now for 2 years, not sure if I'll be able to change but will try to take your suggestions. Thanks a lot.
     
    #35     Sep 22, 2024
    Darc and BKR88 like this.
  6. Coin Flip

    Coin Flip

    You can just post screenshot of daily P&L.

    Sure, some people will say he is faking the screenshot. But just ignore them. You are not selling anything, or trying to raise capital. There is no need for you to put so much effort into proving you are not a liar.
     
    #36     Sep 22, 2024
    TopKoreanTrader likes this.
  7. Right... for now it's fun, so unless it's against the rules of the forum let me keep at it. Since I'm trading my account at the same time sometimes I might leave bits out, but I'll try to be as detailed as possible.
     
    #37     Sep 22, 2024
    -Orion, Darc and zghorner like this.
  8. I have no positions currently, CLX24 hit 71.68 then back... 3 ticks away from the initial target... So annoying when it takes so many hours pre-market and it doesn't get to the target but only close to it.
     
    #38     Sep 23, 2024
    Darc likes this.
  9. LONG CLX24 70.88 2 Contracts, STOP 70.71
     
    #39     Sep 23, 2024
    Darc likes this.
  10. Exited the 2 oil contracts at 71.04 adding a $320 profit for the day

    [​IMG]
     
    #40     Sep 23, 2024
    Coin Flip, Darc and maxinger like this.