I am starting this journal to record my paper trading of the minidow. Some rules : 1) Max net position is 4 lots, either direction. 2) Possible open positions of both long and short positions.(can be confusing here as only one instrument) 3) Scaled exit, possible scaled entry. Please feel free to comment as I am open to all advice and ideas. Here goes!
Welcome laurana! Are you using a simulator or simply paper-trading? Using a simulator is by far a better way to "paper-trade". Good luck! MiniDowTrader
HI, my method is totally discretional, but you can say it is based on price patterns. I have been observing this market for about 2 years now, and have traded before but have busted my account. I still believe I can do it though, which is why I am here. Hope to learn and be closer to becoming a winning trader!
PFG Best Direct Fast offers free simulated trading. It says 30 days but they'll extend it for as long as you need. MDT
Just for a couple tips, no offense intended. I just stopped my thread due to a lack of time for futures. You can go and read through some of it and see if you can pick up some tips. I ran the S/R emini journal. We had traders from ES, YM and even ER in there. Hopefully you can pick up some good tips from it. Good luck, hope you make it this time. 4re
open position and their stops: -2 @ 10879 / hard stop 2 @ 10978 -1 @ 10919 / hard stop 1 @ 10978 Queued limit and stop orders : sell 1 @ 10960 / hard stop 1 @ 10978