This is a journal for me. I have been around trading forums before and have seen the good and the bad they bring out in people. The reason I joined futures.io (formerly BMT) was because after much lurking it seemed as though most people here are actually experienced, thoughtful and courteous traders here. (GaryD, comes to mind)
Former US Air Force Officer (current US Air Force Organizational/Human efficiency engineer)
Coach Baseball, watch baseball...love baseball
Married and have 2 boys (who love baseball)
Anyway, I've been trading for about 5 years. Started with stocks, turned a $2k account into $28K by buying up Washington Mutual Preferred stock at @$1.45 per share and sold a good chunk on it's way up to $100 pps. After that I was hooked, I then used some of my profits to fund a forex account (back when forex was easy to do in the US w/ 500:1 leverage). I woke up 5 days a week at 0200 to trade the London open, which eventually took it's toll on me.
I had amazing success in Forex (until I became obsessed with "the perfect trade", you know the trade that you make and hold for 3+ hours raking in 100 pips in a day". I fell into the classic holy grail death sprial, so many of us have visited. At one point I had turned a $6K account into @$21K in less than 2 weeks. I started doubling my lot sizes etc...and of course lost it all.
But I had done it, been there and conquered the market (so I thought). It is that initial success that I have chasing ever since.
I took a break, read about the futures market and slowly started getting back into trading. So here I am ready to start a Journal for 2 reasons:
2. Documentation of my experience (I used to take screen shots of my good trades but never the bad)
I will be posting my trades via screen shots which will show and document my DOM and Chart, so I can see what I was thinking at the time.
Why YM? Because I use 512t charts and it moves exactly like CL and at $5 per tick it just works for me. I have traded $200.00 ticks (pips) in the past and been whittled down to .10C pips as well. $5 per tick just works for me.