TheTradeSlinger's Journey

September 25th, 2015, 03:32 AM

From this moment forward I will not accept closing trades without a purpose for small gains.

I will not accept little 1 or 2 tick winners, that's not part of my strategy and that's surely not a recipe for successful trading in the long run.

I will only exit winners at targets or market conditions warranting an early close (trade premise invalidated, etc).

I will hold myself accountable to these rules. I welcome any trader reading this journal to grill me/point out when I fail to follow these rules.

September 25th, 2015, 07:47 AM

Went to long CL, clicked nothing happened, clicked again, nothing happened...

Then it entered long 2 CL contracts after a delay.

Did not want to be long 2 CL cars so I closed the trade immediately and it happened to close up 1 tick.

September 28th, 2015, 04:01 AM

Went long CL right at the top, exited for 2 ticks.

Probably should have reversed and gone short back to .30ish or so.

September 29th, 2015, 09:21 AM

Step 1 of Operation Hold winners longer. Keep making progress every day.

I am going to start keeping a running tally or "high-score" list of longest winners from this point forward.

CL: 5 ticks
ES: ?

(1 from overnight, 5 from last trade)

September 29th, 2015, 09:24 AM

Lak showing how it's done:

121 point on ES on 250 contracts lol. Needed 6 more points for his record...

And he got it!

October 7th, 2015, 10:33 AM

Little CL trade and an ES tick while waiting for a set up.

Not happy with the size of these winners, but I'm satisfied with my patience and reads so far today.

High Score:
CL: 5 ticks
ES: 1 tick

October 10th, 2015, 12:46 AM

Hello Trade Slinger, good trade journal. what brought me here is kewltech. I went through the blog pretty informative, but at the same time confusing for a newbie like me. Let me know if you have time to discuss abt the questions i have. I'm new to the entire art of trading and i'm learning basics

Thanks

kalatta

October 11th, 2015, 03:45 AM

kalatta

Hello Trade Slinger, good trade journal. what brought me here is kewltech. I went through the blog pretty informative, but at the same time confusing for a newbie like me. Let me know if you have time to discuss abt the questions i have. I'm new to the entire art of trading and i'm learning basics

Thanks

kalatta

Yes! Anything you would like to talk about, let's do it!

October 11th, 2015, 03:48 AM

Watching this video, combined with thinking on the topic this weekend has got me realizing it's not that I can't hold winners, it's that I don't have a PLAN or STRATEGY on how to exit winning trades.

I have a plan for my entries and that's why my entries are usually spot on, it's once I'm in the trade I lock up because of no PLAN for exiting.

Going to work on this idea this coming week and see how my trading improves.

October 13th, 2015, 12:07 AM

No trades so far this week.

Going to start uploading the recording of my trading after every session.

I'll make it into something interesting with music and whatnot like my first one and upload it probably late at night after each session.

TheTradeSlinger's Journey

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TheTradeSlinger's Journey