DOW Futures

Live Micro YM Past 3 days of trading, including worst perfomence of today.
Better to practice with the proper plan or else bite the dust again.

Dow was in a trading range between Previous day's close and high. I was anticipating a breakout to north hence opening multiple trades targeting higher reward.
Having a bias is a setback as a day trader.
Limiting myself to max 10 trades a day for the following week.
Targeting 250-300 points per week ( aim high, huh!!)).
Trading between Euro session open to close, I cannot limit myself to trade only NYSE hours as i have full time job .
I will Continue to trade MYM on live (until blown), then to simulation, actually chart formation sucks big time on micro YM, i hate it but better to deal with micros then sim as i could dealt with shortcomings.
Giving myself another 6 months of this deliberate practice to trade E-minis next year.
Practice,practice and practice until it became a habit (hopefully a good one).
When the shit hits the fan habits are what comes in handy as we are not in control 70% of our actions.

It is what it is, have a laugh or ask yourself in the mirror

Fear of the recent losses cause me to cut quickly.

You are a human, not a robot....and this is job is against humans!

So true, constant battle within myself eating me inside out.

But you are so honest with yourself...and this is a good 1st step!
Keep calm and go ahead....

This is the end of the $200 micro account

Signed for E2W mini Gauntlet on offer, 3rd day of result, 12 days to go make it or lose it.

NQ=79 ticks.
one day at a time.

Back on practicing simulations with YM

Nq= -98
Reached my max loss limit, took few small losses before session opens hence cannot open further positions daily loss limit set to max $550
by T2W. Wait for the session to opens is lesson today.
Live another day to survive.

we can do more analytics with sierra reports than the expensive journal called journalytix .Look sucks and interface is mediocre.

Meantime intraday reversal at YM

This week was a mix ups between LIVE MYM, live NQ and simulation YM.
Since micro account margin called, i just need to concentrate on T2W for the next 2 weeks, i will have to just trade Nq as i am not not allowed to trade YM bcz of their margin requirements.
Pause for YM simulations until i get through this Gauntlet process.
I really welcome this process as first time i had to stop trading yesterday when i hit my daily loss limit . This will allow me to wait for the right time to strike rather wasting margin on impulse trades.
Patience needed.

Sorry mate, I am not interested in goofy methods such as fibos ganns or any other planetary cycles methods.
Simple price action is all am about.

This video is about money management and trading psychology. It has zero to do with fibs, gann, or planets