It was a very easy day, and I didnt hit the expected win. Ofc it is green, but there was much more in the market;( which makes me unhappy. See you tomorrow, I have to leave to grab the kids!

Here is the report from yesterady

Still in green, after some storm, and missed opportunity. Overall I am happy

TST report

It was a trend day. My goal was not winning but keep my risk as short as I can. I dont have experience in YM, and I dont have experience specially when YM is trending (my personal buddy is TF), so there was no reason for me to push the envelop too far. There will be more day which is in my favor, it is not a spring it is a marathoon (Thx mr. GFIs1 ).

So call this day as a BE. No major win, no major loss, only comission. Still in green:P, even when I dont have my edge:P

A bit down for the expected avrage, and no loosing day still this time, but I am getting warm up. Just like the market, so no need to worry. I will continue my trades just like I am doing it right now, because no reason to change. More over I've got some hint based on GFIs1 how and when to trade the market, I am backtesting my first system called Mergo Lazy system for YM. Not a big deal, it is no against any rule, what I am doing right now, only I am choosing the entering and exiting time, very presicly, and I am not searching/fising any other trade during this time. Which makes me a happy camper.

Anyhow, we will see how it is going to worked out, but this is my first week with YM so the result will not push me to take unnecessery risk, when I dont feel it has to be taken
consistency > impulse

Yesterday was a black day on my combine trading history. I failed the challange, because I was not able to manage the 500USD daily risk. I know I have this weakness, to overtrade, and over think situation, yesterday, it was cleary shown, it is still there.
The starting position was weak as well. I was not doing my daily rutin at all. There was no music, no well defined trading arena, etc... But anyhow what was really missing is discipline and consistency and a plan to follow.

So what now you can ask... There is no question in my mind I will continue with a next challange, but I have to read the learnings first:
- I was bit feeling I am in the time pressure. I was comparing my results all the time with TF moves, and I was trying to force myself to trade, and move out from good trades before it is ending because it is YM and not TF. Solution: I will do a 20 days combine instead of 10. More time, more confident for me as well, and I believe with my motion and impulse moves it will be much better
- Coming back to impulse trades. Thanking to GFIs1 again I made some analysis on the YM. I have a pretty good approach when to trade and how to trade. So I am planing to make some trades in the market open with lower risk (2 contract), and only 1 trade based on GFIs1 methadology on the consolidation period, with a 3 contract.
- The timing of my trading is there only to avoid signal searching, when it is less likly to happen, so it helps me to dodge ot crazy situation and falling in love into them

All the other things doesnt have to be changed. I am keep sharping my brain, reading methadologies, journals (one of my favorite is Vince CL trades), and love to be here. So there is no question in my mind I will be successfull

Anyhow, Monday we will meet again my friends

matevisky 

Yesterday was a black day on my combine trading history. I failed the challange, because I was not able to manage the 500USD daily risk. I know I have this weakness, to overtrade, and over think situation, yesterday, it was cleary shown, it is still there.

Good training though - and with some finetuning as you described it will work for sure.
Main point I read here is overtrading - this can put you under pressure too.
Traders under pressure often maked wrong decisions.

Happy weekend
GFIs1

GFIs1 

Good training though - and with some finetuning as you described it will work for sure. Main point I read here is overtrading - this can put you under pressure too. Traders under pressure often maked wrong decisions. Happy weekend GFIs1

Yip and agree. No time pressure, based on your findings on dax i will choose good timewindow to trade YM. No distraction. Less trade less stress.

Have a nice weekend

matevisky 

Yesterday was a black day on my combine trading history. I failed the challange, because I was not able to manage the 500USD daily risk. I know I have this weakness, to overtrade, and over think situation, yesterday, it was cleary shown, it is still there. The starting position was weak as well. I was not doing my daily rutin at all. There was no music, no well defined trading arena, etc... But anyhow what was really missing is discipline and consistency and a plan to follow. So what now you can ask... There is no question in my mind I will continue with a next challange, but I have to read the learnings first: - I was bit feeling I am in the time pressure. I was comparing my results all the time with TF moves, and I was trying to force myself to trade, and move out from good trades before it is ending because it is YM and not TF. Solution: I will do a 20 days combine instead of 10. More time, more confident for me as well, and I believe with my motion and impulse moves it will be much better - Coming back to impulse trades. Thanking to GFIs1 again I made some analysis on the YM. I have a pretty good approach when to trade and how to trade. So I am planing to make some trades in the market open with lower risk (2 contract), and only 1 trade based on GFIs1 methadology on the consolidation period, with a 3 contract. - The timing of my trading is there only to avoid signal searching, when it is less likly to happen, so it helps me to dodge ot crazy situation and falling in love into them All the other things doesnt have to be changed. I am keep sharping my brain, reading methadologies, journals (one of my favorite is Vince CL trades), and love to be here. So there is no question in my mind I will be successfull Anyhow, Monday we will meet again my friends

Sad to see this.


Here is some harsh advice. The brutal truth. I don't mean to offend you, but I do want to shake you up so you realize what's up:


In my opinion, your solution detailed above to the problem of exceeding the $500 daily loss limit is not a solution at all.

It is simple, really.

You exceeded the $500 Daily Loss Limit. This is absolutely 100% in your control - one of the only things in a Combine that is in your control.

If you cannot pass this requirement, you really should not be trading at all.

You need to come to grips why you did this, put a written plan in place to not do it again (hint: don't take any trades where you run the risk of hitting the limit - simple as that), and (most importantly) follow your plan!


All the other stuff is important only once you master this basic rule.


I wish you the best of luck. Again, I apologize if I came across harshly, but I am trying to help.