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Allistah's CL Day Trade Journal
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Allistah's CL Day Trade Journal

  #1 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
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Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Allistah's CL Day Trade Journal

Hey guys...

I started doing some day trading on CL. Don't really know how to post results very well so I'm just going to post the data here. I guess someone along the way will help me out with some direction on how to present this data.

Charts: 1 hour with 30 SMA

I use the larger chart for direction by looking at the direction of the 30 SMA. Other than that, I just trade based on the price action I see.

Thats about it... I'm a chart tech guy so I just look for buying opportunities throughout the day trying to come up with something that I repeat. I'll reply with my results.

This could work out for me or I could completely bust. lol We will see how things go.

-Allistah

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Missouri
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP
Favorite Futures: ES
 
Posts: 76 since Apr 2010
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Allistah View Post
Hey guys...

I started doing some day trading on CL. Don't really know how to post results very well so I'm just going to post the data here. I guess someone along the way will help me out with some direction on how to present this data.

Charts: 1 hour with 30 SMA

I use the larger chart for direction by looking at the direction of the 30 SMA. Other than that, I just trade based on the price action I see.

Thats about it... I'm a chart tech guy so I just look for buying opportunities throughout the day trying to come up with something that I repeat. I'll reply with my results.

This could work out for me or I could completely bust. lol We will see how things go.

-Allistah

Looking forward to this as well as your option spread trading. Good Luck to you!

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  #4 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

I still have no idea how to report this properly so I'll just say the results.

The first day live was on Monday. I made 180 ticks by the time the market closed but I didn't do this with one contract. I was buying multiple contracts and selling one after about 10 or so ticks to soften the blow if the other one stopped out. As new recent highs are exceeded I would do it again adding to the position. I'd end up with 6 contracts in a direction. Once the trend tells me it is reversing with a lower high or double top I'll move my stop to the previous recent low. I also move the stop up at each recent low once it's established.

Second day I took a few losses but ended up 64 ticks at the end of the day.

So far the real trading is going well.

I guess after 8 years of studying charts this and learning how to move stops, find entries, trade with the trend, it is working out ok.

I am very skeptical though, I've been here before and got cocky and then ended up losing more than I won. I hope my paid education to the market (in thousands lost) will keep me sharp and calm so I do not make stupid mistakes that make me lose what I've gained. We will see what today brings.

-Allistah


-Alli

Sent from my iPhone

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  #5 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
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Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
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Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Whew, got burned pretty bad today. Reminds me why I don't day trade. lol I think I'll stick to my longer term futures and weekly spreads. LOL

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  #6 (permalink)
Elite Member
Missouri
 
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Whew, got burned pretty bad today. Reminds me why I don't day trade. lol I think I'll stick to my longer term futures and weekly spreads. LOL

You didn't get caught up in the oil news at 10:30 EST did you?

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  #7 (permalink)
Trading for Fun
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Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

That is what started it I guess. The jump up caught me way off guard and I had no idea wtf happened. Then I got whipsawed around a bit numerous times. Didn't act normal..

Is that why? Should I stay away from news days or something?

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  #8 (permalink)
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Allistah View Post
That is what started it I guess. The jump up caught me way off guard and I had no idea wtf happened. Then I got whipsawed around a bit numerous times. Didn't act normal..

Is that why? Should I stay away from news days or something?

Man holding or trading crude oil through crude oil inventories on a Wednesday is instant death!

I always check news every day, especially for CL on Wednesdays. The oil report makes CL move to violent at half 10 to day trade

Just set alarms 5 min before and after news to avoid these unpredictable times

Unless your in a solid position....you have taken some profit and you are protected in the trade

Then try you luck and dabble with NEWS

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #9 (permalink)
Elite Member
Missouri
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP
Favorite Futures: ES
 
Posts: 76 since Apr 2010
Thanks: 169 given, 33 received


Allistah View Post
That is what started it I guess. The jump up caught me way off guard and I had no idea wtf happened. Then I got whipsawed around a bit numerous times. Didn't act normal..

Is that why? Should I stay away from news days or something?

If your system isn't designed for news I would wait for high impact news events to pass(5-10min before and after). The crude inventories every Wed. at 10:30 is the biggest news event for oil. You definetly want to stay away from that.

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  #10 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received


Yeah I'm really not cut out for day trading.... Way too much emotion going on there. Too fast and too much going on for me to watch.

Doing my weekly spreads I don't pay attention to news and the emotion is pretty much non-existent for me which is why it works. I don't recall feeling this way for a really long time. It is though a good reminder on why I don't do this. So I'll call it tuition to the "Day trading is not for you class". It's a 3 hour course and it's really good - it puts an impression on you that you won't forget. lol ;-)

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