Accepting the new job opportunity felt like a catch-22: The job position that I wanted versus less trading. Anyway, Iíll figure something out. Worse case Iíll be trading less. As long as Iím able to trade 1 or 2 openings in a week and 1-2 afternoon session Iím fine and will still be learning.
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What inspires me from your old journal are couple of things.
First of all, you were not born as a super-trader. The journal describes your journey in trying out various stuff like patterns and fibs (!!! ). It also shows that your final breakthrough was scaling. Atleast, thatís what I understand that you were focussing on near the end of your journal.
Itís only 2 years ago. In other words, youíve been able to make a transition from an already good 2-lot trader to this exceptional trader you are now. I know you had to put in really a lot of effort, but you did it. It can be done. I find this very motivating.
And finally, you put your charts with exact entries and exits there. I know how you trade already, but seeing the actual charts is very helpful. I can almost read your thoughts when looking at the charts. One can debate if the actual charts are helpful or not, but I find them very helpful and motivating.
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It's sometimes a pain in the ass to mark up a chart with the trades, especially when there are a lot of them. But it helps me when I am doing it -- I understand better what I did well or poorly -- and also when I am reading someone else's journal, because you see what they saw and when, and how they responded.
I agree with the rest of what you said too, but this in particular.
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I quit posting my ES trades as my size grew and it became more my personal business income. Some things are a little more private than others and there has been some serious bashing (of myself and others) in the past for showing trades by guys who were offended by seeing positive results; At that time I was trading 6 lots- I cannot imagine the eat shit PMs and statements of disgust I'd receive now- I do show some CL trades but you have likely noticed I do not show them when I trade a decent size- this is due to all the negativity that can arise- if fact, this morning I disclaimed that I was "not boasting but rather posting for others to see scaling" ~ pretty sad that it has come to that necessary disclaimer in the world we live in... I try to be pretty explicit and timely as to my trade locations and rationale- there are times that I add considerable size to a working trade temporarily that I do not mention but that's just pushing a working trade and the key levels and rationale did not change- If you had a blank 2 minute chart you could probably see what I'm doing by adding a mark around the areas I mention as trade locations(specific fill price is really not important)- maybe I'll manually mark one in my journal in my daily recap if I go that route.
Thanks for all your kind words- it's a very nice compliment to hear that others like what I post/have posted and know that I'm not viewed as the Crazy Pilot emoji
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I will tell you that many, many people here like what you do and have benefited from your posts.
I do entirely believe and understand about the [expletive deleted] morons who gave you grief because you made money. I recall that @Big Mike got a ton of it when he was posting his daily and monthly brokerage statements, simply wanting to show that it is possible to make a profit at trading. All the garbage slung his way was a part of his deciding to stop.
Screw 'em, Captain.
But, only publish what you would be comfortable with, and what you know you can put out there without attracting the attention of the scumbags.
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Started trading just before 11 am, just after the big red 10 point bar has been finished. Thinking, what the hell happened. No news has been released. In line with my long bias, I’m taking a long (trade #1) entry just above the opening range / yesterday’s close. Price moves in my favour. I decide not add, but what for another pullback to add. Price hits my profit target at VWAP. Profit +3.75 points.
Price is chopping around the VWAP. It seems price is missing the momentum to pullback to the OR again. Taking another pilot long (trade #2). Add (profit target PP) when momentum picks up and $tick is confirming with higher lows. Profit target on contact #1 (+3.75 pts). Momentum is leaking away, price is chopping around ADR high, a $tick divergence is showing and it’s dinner time. I decide to close it with a small profit (+1.25 pts). Profit +5 points
Had a quick peek at the market just before dinner and noticed RVOL and $tick getting stronger on sideways chop. Couldn’t help myself and took a long (trade #3). Added (profit target 2042) on momentum. Profit target #1 hit (+3 points). Move stop to breakeven and go for dinner. Profit target #2 hit (+5.5 points). Total profit +8.5 points.
I return from dinner to see that price has pulled back to VWAP, tested the 42 price level again and broke through it. It’s been a while since price was that strong. I can wait for a pullback (to weekly PP perhaps) to take another long. Since the range is almost 3 times the ADR already I decide to quit and enjoy thinking about my 2nd biggest day
Total profit: +17.25 points
All nice small trades, but I should have stayed in trade #1 and #2 until the 42 price level was hit. This day clearly shows that I’m cutting my winners and there is much & much more potential on days like this.
Today was a nice example of starting late (1.5 hour after the open) but trading for a short period of time.
You don’t hear me complain if I can combine days like this with my job
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Last edited by GruttePier; September 12th, 2016 at 03:49 PM.
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Yup- You graduated today! Your contextual read was strong and you believed in it to the point you didn't even have to think- saw a simple setup you liked and took it as it was in the direction of your thesis- you could care less about getting a precise price and just pushed the button to play along!!! I love reading this... Easy as 1-2-3... Context-> Trigger-> Execution Nothing more and nothing less- You have come a long way my friend, congrats!
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