Hello all. My name is David and I first learned of the futures market 2 months ago, so I am a complete nOOB.
ITT, I will try to post my results from every morning session, good or bad. My biggest obstacle so far seems to be over-trading, trading the chop, and not holding on to winners long enough. My usual tick goal is 10, but will be trying to go for 20 and 30 tick targets, using no more than a 10 tick stop. This will require me to be very precise on my entries, and am hoping that practice will perfect this dream of mine.
I will not be using any complicated indicators or systems. My trades are based on price action, order flow and failures through small pockets of support and resistance. Identifying double tops, double bottoms, pullbacks and reversals.
Since Friday, 12/18/15, I have decided to ONLY try to take trades on my SIM account that I would take with my live account, in an attempt to be profitable for some time before taking my first live entry. So far, these are my results.
12/18 +48 ticks
12/20 +36 ticks
12/21 -15 ticks
I have a modest weekly goal of 50 ticks. When I average 50 ticks a week for a few weeks in a row, I will take some live trades from my account on 1 contract. Hope you guys enjoy, and hopefully I don't embarrass myself too much here. Good trading.