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Todays Stats are not part of a combine as I traded today without renewing my combine. I needed to focus specifically on controlling my risk at every moment of my trading. I will renew tomorrow and start fresh again.
On another note while I hate the idea of paying to trade "sim" in the combine several positive things have come to mind.
1) big losses don't hurt my wallet nearly as much as they used to and success leads to an open door for more
2) it's not just trading sim as I have my combine cost at risk (much smaller risk than my small savings) and I have at risk a great opportunity.
3) with more accountability I am able to see a more true reflection of my trading and make meaningful progress.
Can you help answer these questions from other members on NexusFi?
I definitely have much to work on. I struggled today to have good entries and get a clear view of where I wanted to trade. Glad to put today behind me without any bad scars on my trading.
One thing that I would like to remind myself daily is that no one can produce from something they don't understand. Meaning if I am confused or not reading the market well how can I produce profits, why would I put on risk. Risk should be proportionate to the level of my confidence. That's not saying that confidence is the source of success but I must be working from and understood structure so I can decide how to adjust if it's not working.
1-10 Score
Preparation = 4
Execution = 5
Biggest Positive = Using correct risk for 90% of my trades
Biggest Negative= Allowing day ruining risk in one trade even though it didn't turn out bad
nice journal, otto
it seems like you're on your way to pass TST
I'm guessing your entries/exits are very subjective, allowing for the occasional bigger losers?
Are you entering solely off the order book, or utilizing chart p.a. as well?
Sounds like your trading isn't far off from Michael's
Regarding commission remember that live costs are a little bit more, $0.90 per round turn, than the Combine commission ($4.58 rather than $3.68).
Having said that though, Nymex seats are remarkably cheap to lease.
Can anyone offer any insight as to why NYMEX seat prices have been pretty much stagnant for the past few years, or on a very slow decline, at least? I feel like demand for a seat would only go up over time with the emergence of high-frequency trading …
. Courtesy of SMCJB You only have to be doing 264 round turns a month to cover the cost through saving $1.90 on the exchange fee. Anybody trading their own account with decent volume on the Nymex and paying full price is just throwing their money away. No idea how or if that is applicable when trading somebody else's account though as one would be with TST.
Well, not much to say except that at the end of April as I was out of a combine and there was much farm work needing to be done for spring planting I focused on that. I was also dealing with a blown out disk in my lower back and meeting doctors to see what could be done. And truthfully I was also pretty disgusted with myself for how I had squandered yet another opportunity. I am committed to success here and will continue to learn and work on what I need too, to become a successful trader.
Sorry I left without answering some questions, you all asked. Yes my entries and exits are somewhat subjective based on the order book. I do have structure that I come to the day with, loosely based on market profile and other points of confluence and interest. Those "levels" and structure provide me places of possible entries and exits, targets and stops and in general they are areas to focus on the order book. Of course I also have some money management goals that have an effect on entries and exits. Which allow or dont' allow me to look for a trade in those areas.
I have found that my style right now does not afford me very large wins. I am always searching for ways to tweak what I am doing to reach for more in each trade but have not found an effective way yet. Small wins add up for me and work well as long as I don't let that one big loss happen to destroy all that work.
Anyway thanks for all who have visited here and soon I will be journaling again here.
It sure has been a wet spring and summer. The ONLY good thing about that is/was that it gave me an easier time to recoup from a blown out disk in my lower back. In my local area all corn yields will be way down. In fact many have already started crop insurance claims. Quite a few claimed acres that they were never able to get planted and some claimed for replanting acres. I planted later than usual but it still was so wet and cool that I will probably get 50% of my usuall yield. However all this said, the corn market doesn't really care what happens in upstate NY so price won't be effected by our area. What matters is the states that start with I (Illinois, Iowa, Indiana) and a few others (Nebraska, Minnesota, Dakota's, ect) They have a saying out there "Rain makes Grain" and from what relatives out there tell me they have a very nice looking crop.
So I guess I am fortunate that I decided to plant less acres of corn and more of soybeans this year. The beans are doing "ok" and so far the price is holding up a little better. One site I like to listen to for corn and bean price info is Allendale Advisory Center They usually offer some good insight on what might be driving the markets and what's to come. I just watch their free morning commentary. Anyway didn't mean to make this so long.
. In my local area all corn yields will be way down. In fact many have already started crop insurance claims. Quite a few claimed acres that they were never able to get planted and some claimed for replanting acres. I planted later than usual but it still was so wet and cool that I will probably get 50% of my usuall 
However all this said, the corn market doesn't really care what happens in upstate NY so price won't be effected by our area. What matters is the states that start with I (Illinois, Iowa, Indiana) and a few others (Nebraska, Minnesota, Dakota's, ect) They have a saying out there "Rain makes Grain" and from what relatives out there tell me they have a very nice looking crop.