YM Futures trading Personal Journal

The market has been very active and I love it!

4 BE trades (+8)
1 Loss (-25)
3 Wins (+104)
Commissions (-8)
Net (+79)

I broke one of my trade plan rules and took a bigger loss than I needed too. To make things worse I practically caught the bottom of the market after holding on for so long. Not happy but came out positive today.

1 Loss (-52)
3 Wins (+105)
Commissions (-4)
Net (+49)

Done for the day but I would be looking for shorts at the 2500 level

Tried taking some breakout trades and got burned. Now I remember why I don't trade breakouts LOL! Other than that it was a pretty good day.

3 Losses (-38)
2 Wins (+95)
1 BE (+2)
Commissions (-6)
Net (+53)

Whoops! missed one of the losses.

Net (+27)

Couldn't resist this short ;P


Edit: Target reached +50, Net +76

Got to my computer late this morning. Market was really overextended by this point so I ended up trying to force some crappy trades. Gonna call it a day for now I don't really like the PA.

2 Losses (-29)
1 Win (+17)
Commissions (-3)
Net (-15)

Definitely overtraded this session, especially after 10 am. I knew I was getting fatigued at that point but kept trading. Came out positive but too sloppy for my taste. Lets not even talk about those last five trades I took.

7 Losses (-136)
6 Wins (+208)
3 BE (+6)
Commissions (-16)
Net (+62)

Yup these last trades were garbage. Next time I will not try force myself to keep trading.

I noticed from todays trades I should stop taking profits early. All of them would have hit the TP of 50.

Disregard the last five

Break even! Break even! Break even! Couldn't get anything rolling today but I followed the trade plan so I'm happy overall.

4 Losses (-100)
2 Wins (+88)
7 BE ( 12+0)
Commissions ( -13)
Net (-13)

I really should be more adaptive and not CT trade as much on days like this. At least I'm keeping my losses small though.

Hold up! Just saw this ABCD so I had to take a short!

Not going to BE this time!

Net (+16)

Only 1 red day this week!

Only had time for a quick session toady so I wanted to adjust my STP and TP to 20 for 20. In hind sight I should have left it as the normal 25 for 50.

2 Wins (+40)
Commissions (-2)
Net (+38)

Edit: forgot to mention I had a buy order at the blue line but it took off without me :/

Only had time for another quick session (dentist appointment). Attempted aggressive trailing instead of fixed targets.
2 Wins (+84)
Commissions (-2)
Net (+82)

nice. why YM in particular?

Honestly just because I'm the most familiar with it. I try to trade the first hour of NQ like Harold does but not with as much success, especially with how volatile the markets have been. When the volatility dries up more I'll probably switch over to NQ.

Going to do something different today and go through all of my trades. Here is the first one.

ABCD completion and weakness on the 255T chart