NexusFi: Find Your Edge


Home Menu

 





TRADING OIL CL JOURNAL


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one danny6787 with 25 posts (21 thanks)
    2. looks_two RacVi82 with 5 posts (1 thanks)
    3. looks_3 Captain135 with 2 posts (2 thanks)
    4. looks_4 michaelleemoore with 1 posts (5 thanks)
      Best Posters
    1. looks_one michaelleemoore with 5 thanks per post
    2. looks_two WolfgangAssets with 4 thanks per post
    3. looks_3 bobwest with 3 thanks per post
    4. looks_4 danny6787 with 0.8 thanks per post
    1. trending_up 6,606 views
    2. thumb_up 37 thanks given
    3. group 12 followers
    1. forum 36 posts
    2. attach_file 0 attachments




 
Search this Thread

TRADING OIL CL JOURNAL

  #31 (permalink)
 
WolfgangAssets's Avatar
 WolfgangAssets 
Miami, Florida, USA
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
Posts: 35 since Jan 2018
Thanks Given: 13
Thanks Received: 22


danny6787 View Post
I have decided that I am am going to take my risk down to 2:1 and stop trying to get these home runs, I realized that I have seen my position go to 40 to 60 points positive and then reverse and stopping me out. I have realized over the pst few months that the market is going to do whatever it wants to do. I have seen many very successful traders and they almost always have a 2:1 RR ratio. I also have realized that I do not need to capture the entire move just a portion.

I had those same problems a few times. I noticed is way better to get partial profits from a move then price coming back and stopping you out.

I like to have a bunch of small profits, small profits equal big gains at the end.

Watch Moneyball with Brad Pitts if you havent. Great motivational movie and it applies to trading as well.

Is based on a true story, Billy Beane, general manager of the Oakland A's, was under budget to build a team. He build a team of baseball players that no one wanted, but he brought them on the team for one reason only. Statistically, the players were good a getting to first base. He almost won the world series with that team, he basically changed baseball.

All we need is to get to first base.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
MC PL editor upgrade
MultiCharts
ZombieSqueeze
Platforms and Indicators
How to apply profiles
Traders Hideout
Trade idea based off three indicators.
Traders Hideout
 
  #32 (permalink)
 
Palais Brongniart's Avatar
 Palais Brongniart 
Paris France + Dresden Germany
 
Experience: Advanced
Platform: Proprietary
Posts: 181 since Mar 2018
Thanks Given: 41
Thanks Received: 200

Great remark.


WolfgangAssets View Post
I had those same problems a few times. I noticed is way better to get partial profits from a move then price coming back and stopping you out.

I like to have a bunch of small profits, small profits equal big gains at the end.

Watch Moneyball with Brad Pitts if you havent. Great motivational movie and it applies to trading as well.

Is based on a true story, Billy Beane, general manager of the Oakland A's, was under budget to build a team. He build a team of baseball players that no one wanted, but he brought them on the team for one reason only. Statistically, the players were good a getting to first base. He almost won the world series with that team, he basically changed baseball.

All we need is to get to first base.


Visit my NexusFi Trade Journal Reply With Quote
  #33 (permalink)
danny6787
Charlotte, North Carolina
 
Posts: 29 since Feb 2018
Thanks Given: 5
Thanks Received: 34


Buy @65.58, SL 65.28

Stopped out

Position 1: -30

Too early to the party
new position

Position 2: buy @65.46 SL 65.06

Reply With Quote
Thanked by:
  #34 (permalink)
danny6787
Charlotte, North Carolina
 
Posts: 29 since Feb 2018
Thanks Given: 5
Thanks Received: 34

Closed out my position

Position 2: buy @65.46 SL 65.06

Saw it up 80 points this morning I thought it would keep running and I didnt close my position, I saw it roll over and I cut my position

Total:+17

Really disappointed in myself lol, but lesson learned.

Reply With Quote
  #35 (permalink)
danny6787
Charlotte, North Carolina
 
Posts: 29 since Feb 2018
Thanks Given: 5
Thanks Received: 34

Long @65.37 SL 65.07


Stopped out

Total: -30

Not outside of my rules but it was a low probability.

Reply With Quote
  #36 (permalink)
danny6787
Charlotte, North Carolina
 
Posts: 29 since Feb 2018
Thanks Given: 5
Thanks Received: 34

SHORT @ 64.29, SL 64.59

Stopped out -30

Reply With Quote
  #37 (permalink)
danny6787
Charlotte, North Carolina
 
Posts: 29 since Feb 2018
Thanks Given: 5
Thanks Received: 34

I am very frustrated with myself lately. I have not been trading like I should and second guessing myself constantly. I really need to do my homework better. I also am having a hard time developing rules for myself. I want to know if any of you could share some rules that you have for yourself just so I can use as a point of control.

Reply With Quote
Thanked by:




Last Updated on March 28, 2018


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts