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COMMON SENSE
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COMMON SENSE

  #21 (permalink)
Elite Member
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mfbreakout View Post
I miss Private Banker, Vince Virgil, Panada Warrior , Gabrieyle posts/journals. I learned a lot from their posts.

Fortunately/Unfortunately, i have nothing to offer worthy enough to charge for it. Traders who were struggling

when they started following my previous journal are still struggling. They can not seem to get out of their own way.

Seems like primary culprit is picking wrong direction of a move and stop loss.


Funny thing, while I've had something to sell, I've found I don't really like it as much as I thought I would. I like teaching and I like being paid but I dislike the selling part....even though I spent much of my adult life in sales...(quite successfully). I've taken my website down for that reason. It was just unpleasant convincing people to buy something trading related from me. Not sure why the dynamic changed when I went "pro" but it did. I just don't have the heart for it. If people want to pay, that's fine but I'm no longer soliciting. Much less unpleasantness.

I agree, most issues arise from direction and improper stop placement....I still make the stop mistake from time to time....more often than I care to admit but at least I know what I'm doing when I do it and normally correct straight away....I find the odd thing is many traders get direction right but the stop is what kills them.

While I can't journal on futures.io (formerly BMT) any longer due to vendor status, I've maintained a journal for a year at The Trading Quest Its not professional or anything and there's nothing for sale so feel free to stop by once in awhile.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #22 (permalink)
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too bad


PandaWarrior View Post
Funny thing, while I've had something to sell, I've found I don't really like it as much as I thought I would. I like teaching and I like being paid but I dislike the selling part....even though I spent much of my adult life in sales...(quite successfully). I've taken my website down for that reason. It was just unpleasant convincing people to buy something trading related from me. Not sure why the dynamic changed when I went "pro" but it did. I just don't have the heart for it. If people want to pay, that's fine but I'm no longer soliciting. Much less unpleasantness.

I agree, most issues arise from direction and improper stop placement....I still make the stop mistake from time to time....more often than I care to admit but at least I know what I'm doing when I do it and normally correct straight away....I find the odd thing is many traders get direction right but the stop is what kills them.

While I can't journal on futures.io (formerly BMT) any longer due to vendor status, I've maintained a journal for a year at The Trading Quest Its not professional or anything and there's nothing for sale so feel free to stop by once in awhile.



Too bad it did not work out. Traders would have benefited from your service.

I have lot to offer but i decided against it after realizing that most traders do not have properly funded account and

the way i trade with wide stop loss, adding to position etc. there is nothing i could do for most traders.

Therfore, i just post to keep in touch with fellow traders.

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  #23 (permalink)
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PandaWarrior View Post
While I can't journal on futures.io (formerly BMT) any longer due to vendor status, I've maintained a journal for a year at The Trading Quest Its not professional or anything and there's nothing for sale so feel free to stop by once in awhile.

On a sidenote, do you still have vendor status on futures.io (formerly BMT) even if you don't sell any trading related stuff anymore ?

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #24 (permalink)
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Daytrader999 View Post
On a sidenote, do you still have vendor status on futures.io (formerly BMT) even if you don't sell any trading related stuff anymore ?

No.

Mike

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  #25 (permalink)
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Thanks Mike, so Brian would basically be able to continue his journal if he decides to go on with it...that's good news.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #26 (permalink)
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Turning Point

We all have turning points during our trading career. Some turning points more meaningful than others.

latest turning point came in last quarter of 2013 as i started to get away from loading up all cars in CL in all in and all

out type of mode.

Next when i decided to trade multiple instruements at the same time- trade small size in each instruement and add

as order flow becomes clearer.

Lastly, when i decided to get away from tight stop loss. I just try to make sure i size the position appropriately per

risk : reward.


So salp in Gold, Nice trade in Heating Oil with no draw down, Nive trade in TF with little draw downs, OK trade ( so far) in CL with manageable draw down and then turned positive.

Overall Portofolio is +ve per risk taken.

Attached Thumbnails
COMMON SENSE-2014-07-17_0807_bid.png  
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  #27 (permalink)
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portfolio

1) Flat in GC. Nothing going on there.

2) Flat in RB. Covered around 2.87

3) Flat in CL . Covered short 102.

4) Flat in TF. Long and short . 8 handles.


All trades per RULE # 1.

Attached Thumbnails
COMMON SENSE-2014-07-17_0948_rb.png   COMMON SENSE-2014-07-17_1034_short.png  
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  #28 (permalink)
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long

CL moved too quickly off 102 for me to try long.

Per my RULES, i want consloidation before trying long. I have never won trying to trade like an algo.

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  #29 (permalink)
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mfbreakout View Post
CL moved too quickly off 102 for me to try long.

Per my RULES, i want consloidation before trying long. I have never won trying to trade like an algo.


Massive buy orders came in GC, so my bias of last 3 days for shorting is over. Will look for longs.


Last edited by mfbreakout; July 17th, 2014 at 12:42 PM.
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  #30 (permalink)
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short


short CL 102.81.


Out flat 102.43. Lunch hour chop zone , now. If 103.20 area gets taken out with FORCE- it can get busy for next leg up.

Attached Thumbnails
COMMON SENSE-2014-06-27_1622__flying_kite.png  

Last edited by mfbreakout; July 17th, 2014 at 01:06 PM.
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