In my attachment you see my account performance counting from 25 of August when I was back from vacation.
IŽam still trading 1 contract. If you can be profitable with one contract you will be with 2,3,4,etc...
I have not started posting on this thread yet. I will begin in October. I can add the account performance but my concern is that each posting may contain 3 -5 trades and may be too lengthy as it is. I will have to see how it goes. But I just posted 2 trades as an example and it took up a lot of real estate. We shall see...
Thanks Panda. I just don't want to muddy the water as I get accustomed to trading this method with real money. It is fast (1 min charts) and there are usually a lot of trades in a day. So there can be no room for hesitation, which usually comes with trading live money.
I will cap my trading at net 3 wins or net 3 losses per day.
I enjoy your other journal and am looking forward to this one. Out of curiosity, is this foray a result of your unhappiness with the relatively few trade signals you receive from your other technique?
Also, forgive me if you have posted this elsewhere, but have you outlined your trading history/background in another post/thread somewhere? I would like to learn more about you, if you feel comfortable sharing.
I am not dissatisfied with the few trades trading the Reversal Bar but I am always looking for a way to maximize my time in front of the monitors. I was looking at The Intentional Trader initially for one indicator to help with the Reversal Bars, but I liked their method and frequency of trading. Now I trade both methods at the same time. I use 4 monitors so I have enough screens to keep the two methods separate. But sometimes the 1 minute timeframe mixed with a longer timeframe is challenging.
My background and education are in banking and finance. I have always been interested in trading and decided to try trading options in 2005. I was running a finance company during the day so I traded at night for the next day.
In 2009, I decided to move into day trading. I started with Rob Hoffman and traded the MA's. After a while I joined with Anthony Drager and learned divergent trading. Then, I mentored with Joe Ross and learned to trade without indicators; and I still trade the Reversal Bars. Currently I am learning to trade from The Intentional Trader and also trade their method live. This journal will reflect all the trades I take using The Intentional Trader method. My hope is that I execute the trades as they are meant to be taken with this method.
Thank you for asking.
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