YM Futures trading Personal Journal

Yikes! Miss a week of trading and it all goes to shit. Needed to just follow plan and I would have had a +50 and BE

2 "Wins" (+13)
1 Loss (-10)
Commissions (-3)
Net (0)

Analysis

1. Took an ABCD completion

2. Took a 123 setup

3. Random breakout trade to get flat for the day.

Super trendy days like this are hard for me. Volatility is also slowing down so I switched to a TP of 30 STP of 15 and BE at 12. Main takeaway from this session is I just need to let the price go to my TP and not TP to early.

2 Wins (+42)
4 Losses (-60)
3 BE (0+1+4)
Commissions (-9)
Net (-22)

Analysis

1. 123 setup

2. Looked like a descending wedge and tried to predict the bottom.

3. Breakout trade

4. Badly drawn ABCD, got in too soon

5. Broke rules and attempted to re-enter on the ABCD

6-8. ?????? Was frustrated and started overtrading.

9. Collected my nerves and got in on a 123

Bit of a rut lately. :/ Possibly could have climbed back to positive but didn't have a lot of time to trade today. Not sure if I like the 15 STP but at least today it saved me.

3 Losses (-35)
Commissions (-3)
Net (-38)

Analysis.

1. A possible 123 setup, but price shot through my entry and when it crawled back I got our for a smaller loss.

2. ABCD completion

3. ABCD completion, possibly drew it in the wrong spot though.

The last ABCD should have been set up like this. Also, I should enter on the very last tick of the ABCD instead of trying to front run it.

No trades today. Was just messing around with different settings and such on NQ.

Also, with finals coming up soon I'm spread thin with time so I probably will only be trading the first hour of NQ like Harold in the "Plan the trade" thread.

I'll take that! Not bad for an hour.

5 Wins (+17.25)
1 Loss (-3.25)
Commissions (-1.5)
Net ( +12.5)

Keep up the good work!

Thanks! Have you decided to switch over to futures yet?

Almost, I am trading the NQ but through a CFD. Work has been crazy these last couple of weeks so just sticking with the CFD for now. Need better time to get things set up properly. I am still unsure which broker to use and how to set it up...

Ahh, well the CFD should be fine as long as you are not trying to scalp but I definitely wouldn't stay longer than you need too. Getting setup is the hardest part but once you do I promise you wont look back.

Over the weekend I got a little inspired and stated to develop a fully mechanical system with the hopes of taking out the discretionary part as much as possible. Today was the first forward test and it turned out decent. Even though it is "mechanical" I still made quite a few mistakes, most notable the first and fourth trade. More to come on this system if it shows promising results.

4 Losses (-12.00)
3 Wins (+17.25)
1 BE (+0.50)
Commissions ( -2.00)
Net ( +3.75)

As far as the new strategy goes it was a pretty crappy day. There were two trades that were just barely outside of my parameters so the alarm didn't go off. :/ However, my one discretionary trade at the very end saved me from having another 3.00p day.

1 Loss (-3.00)
2 Wins (+20.00)
3 BE (+1.00)
Commissions (-1.50)
Net (+16.50)

Hope everyone had a great Thanksgiving! Here is my first hour scalping of NQ.

1 Win (+6.25)
4 BE (+2.0)
Commissions (-1.25)
Net (+7.00)

Got kinda messy towards the end

Ouch working overtime today! Dug myself into a hole and was down -350$ in the first 30 minutes. Luckily I ended the day at 125$ but I don't even want to count the number of trades I took lol!

Overall (+6.25)
Commissions ( -7.5) 30 trades?????
Net (-1.25)

I got inspired by Rocky's old OFA posts that's why I took so many seemingly random trades. It hold a huge amount of value.

Long day. Ended up skipping class so I could trade longer after a piss poor session during the first hour :/
Going to break up this trading session into three posts because it wont fit into one screen shot.

Edit:

5 Wins (+46.25)
6 Losses (-35.50)
6 BE (2.50 +1.25)
Commissions (-4.25)
Net ( +10.25)

Went back to a STP of 25 ticks and TP of 50 ticks because that's what I seem to be best at. Mostly BE until the last trade where I doubled my stop because I got too confident in my trade. STUPID MISTAKE