I have been contemplating starting a fresh journal over the past couple weeks. Ive been getting back into things throughout the last few months; trying to automate stuff; trying to use a very systemic approach; naturally gravitating back to discretion over time, which is where I am at now.
Initially I wanted to only create a new journal after passing my personal eval period & wiring some money into my trading account.
However, I see no real harm in journaling the pretext as well - other than possible embarrassement, which you may as well consider an additional reason FOR starting a journal.
So below the basic framework, as at the time of this writing:t
RULES
1 Take any entry you like.
2 stoploss and target are both 8 ticks (ES)
3 no trade management at all
4 wait for 15 minutes after a losing trade
5 stop the day at -300$
TIMELINE
Follow above rules throughout May and June and post a profit at the end of the period. The account is considered blown at a loss of -1.500$. Try to trade every day. After this SIM period, Ill wire 2k into my live account and continue to trade it within the same guidelines.
Everything beyond that is tbd
I will post charts along with trade reasoning as time permits, plus a summary at the end of each week. The first journal day will be tomorrow. (SIM - starting point is a OneUp eval account with a balance of 25,465.50$ and three days traded.)