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New Beginnings Trade Journal
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New Beginnings Trade Journal

  #1 (permalink)
Market Wizard
Phoenix + AZ/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 505 since Jul 2014
Thanks: 2,471 given, 822 received
Forum Reputation: Legendary

New Beginnings Trade Journal

I have had a nice break and am returning to start a new $100,000 Continuous Combine tomorrow. This journal is to track my trades, progress and provide accountability. Why the name "New Beginnings" because it is a fresh start to my journey in seeking to obtain a funded account with TopStep Trader and I have a renewed mindset. My problem was not my trade plan but my pride, lack of discipline and overall mindset.

During this Combine I will be trading the following setups:
  • Bolt Waves
  • Bolt Reversals
  • Bolt Breakouts and
  • Price Action Setups

I will be trading 3 contracts to begin with and using the following stop strategy:
  • Catastrophic stop of -17 ticks
  • Stop moves to -12 at +5 ticks
  • A trailing stop of -17 will move every +2 ticks
  • Stop will be moved to +1 at +16 ticks

Regardless of the setup being used the following two targets will be used for taking profit:
  • T1: +11 ticks
  • T2: +22 ticks

Whenever, I elect to use both targets, only 1 contract will be used for T2 regardless of how many contracts I may trade.

In addition, I have elected to use nothing but range bar charts with candlesticks during this Combine.

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  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Market Wizard
Phoenix + AZ/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 505 since Jul 2014
Thanks: 2,471 given, 822 received
Forum Reputation: Legendary

My Simulation Trades Today


The following 3 trades were taken today in my simulation account:

Crude (CL)

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Last edited by BoltTrader; May 19th, 2015 at 08:28 PM.
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  #4 (permalink)
Market Wizard
Phoenix + AZ/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 505 since Jul 2014
Thanks: 2,471 given, 822 received
Forum Reputation: Legendary

1st Trade in the New Combine

I passed earlier this morning on what turned out to be the best signal so far. Here I took a 2LF for only 1 target of +11 because of congestion and anticipation of one more push up before failing (if the sellers are going to regain control). Unfortunately, price did exactly what I was thinking but I missed the next trade because of typing this journal entry. I may think about showing my trades at the end of day only. However, for now here is my picture of my first trade:

Crude (CL)

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Last edited by BoltTrader; May 19th, 2015 at 08:28 PM.
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  #5 (permalink)
Market Wizard
Phoenix + AZ/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 505 since Jul 2014
Thanks: 2,471 given, 822 received
Forum Reputation: Legendary

Here is the one I missed

This is a picture of the missed trade that I mentioned in the last journal entry:

Crude (CL)

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Last edited by BoltTrader; May 19th, 2015 at 08:27 PM.
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  #6 (permalink)
Market Wizard
Phoenix + AZ/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 505 since Jul 2014
Thanks: 2,471 given, 822 received
Forum Reputation: Legendary

EOD Picture Summary

Crude (CL)

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Last edited by BoltTrader; May 19th, 2015 at 08:27 PM.
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  #7 (permalink)
Market Wizard
Phoenix + AZ/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 505 since Jul 2014
Thanks: 2,471 given, 822 received
Forum Reputation: Legendary

TST Trade Report for 5.19.15

Here is my trade report for the day:

Trade Report

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The following 2 users say Thank You to BoltTrader for this post:
 
  #8 (permalink)
Market Wizard
Phoenix + AZ/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 505 since Jul 2014
Thanks: 2,471 given, 822 received
Forum Reputation: Legendary

Slight Modification to My Trade Plan

I have decided to move T2 to +20 ticks instead of +22 on trades where I will be using a second target. In addition, I have slightly modified my stop strategy to the following:


17 Tick Stop Strategy

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If T2 is filled I will net over $400 per trade with 3 contracts. Whereas, if price hits +20, doesn't fill, and stops me out I will net over $350 either way will work towards achieving my Combine goal and I am content with both.

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  #9 (permalink)
Market Wizard
Phoenix + AZ/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 505 since Jul 2014
Thanks: 2,471 given, 822 received
Forum Reputation: Legendary

1st Trade on Day 2 of Combine

I missed the first setup and got in late on my trade because I was away from the computer. The end result is that the trade worked out and would have been a success at +11 ticks with 3 contracts but because the open was in 1 minute and CL hadn't reached the target yet I moved the stop to +1 where I was stopped out at on all 3 contracts.

Crude (CL)

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  #10 (permalink)
Market Wizard
Phoenix + AZ/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 505 since Jul 2014
Thanks: 2,471 given, 822 received
Forum Reputation: Legendary

Impatience Killed Me


After doing so well this morning on NOT trading foolishly with all the markets I watch being so dead I got aggressive on the 6E with 2 contracts. I tried for a 2LF a few ticks early to get an edge on the stop run and basically got caught at the bottom of the range. Thankfully, I moved my stop to -12 vs. -17 when I realized that my gamble didn't pay off and semi-limited my losses. Trying to force a trade never pays off!

Euro FX (6E)

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