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Panda, impressive turnaround in your combine. Btw, did you notice that your 2 biggest losing days came on the days when CL was in a tight and congested range? If you can somehow catch and eliminate those...
Those losses had more to do with my poor state of mind than anything else. I was not in a good place mentally...my dad had just been diagnosed with cancer which I noted in the journal on those days....
I'm not done with this combine yet....and if I don't win but roll it over, of course I will....
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
I have the highest respect for traders who try TST combine per their rules. The way daily stop loss limit is set for these combines puts traders practically in a straight jacket but as Big Mike said ' It's their money so one has to follow their rules"
My only recommendation will be to keep numbers of contracts traded for the day on the low side.
It's amazing by itself that you been able to continue combine while dealing with your dad health issues.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
I wholeheartedly agree....especially the ten day combines are designed for failure in my view....essentially you must start small and since the daily stop doesn't increase as you add to it, you are forced to either scalp a certain number of ticks every day, trade all day long or take unreasonable risk with larger size and hope things go your way early on. Otherwise you are screwed....
The continuous combine on the other hand makes more sense, you can simply trade smaller size for a longer time period and take more reasonable risk doing it.....but I won the ten day combine and so that's what I'm trading....
No trades today as I did not get a valid signal I could reasonably take....even though last night I KNEW I would be short this morning....but price went up instead of down and so I waited until I could get a "counter trend" signal on the 5M chart and just as I was getting ready to hit the button short, it exploded down....I missed all of it.....but oh well, there's tomorrow.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
I also "felt" I should go short.. And I did, but check this: it took my stop, and turned on it exactly, then began the fall..
As you wrote, there's tomorrow.
I never wrote in your thread before, but I have to say, I really appreciate your thoughts, they resonate deeply in me every time. Even my Dad had cancer..
Keep up the great thread, I guess lots of us are with you in your journey.
Brian, I didn't know about your dad, so all the best to you and your family.
Btw, above is what you said about the day on the 12th, still seems to me like congestion did play some part in your trading on that day, but obviously you know yourself best.
