Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Price Divergence Sell set up on the ES 30min chart, 2 lots, manageable Stop Loss.
Exited the 2nd contract manually on the candle closing without a follow through.
edit:
Two more attempts, break-even.
Three trading campaigns in total.
Stupidity took over on day 1, i talked about the fight club, flushed the winnings of +25. I am playing a catch up now till account is back to 50K
Price Divergence Sell set up on the CL 10min chart, 3 lots, manageable Stop Loss.
All three contracts reached their prospective targets reached targets.
And here i thought that i was doing better for a second, lol!!
How silly of me. I was late on the set ups and that helped create a FOMO mode for the rest of the morning.
76 lots in play all together today * $5 commission per lot + $527.50 of "donations"= $ -907 .50 for today,
Day 6
I failed in following the set up rules (again)
I must stop for today or i will risk breaking the rules of "donating" more then $1,000 max per day
If i was patient enough, the first initiated longs on the ES 2868 levels, would have made the day today.
Yep, yep, a classic trader's moment of "why didn't i just let the runners run" ?!!
According to my handwritten trading journal. I have no self-discipline to follow through with my trading plan.
I give money to the market almost exclusively because i steer away from it. It's a good trading plan. I did statistical probabilities and it does place a higher then 50% odds in my favor. i just can't quiet my mind.
Conditioning, i must condition myself to follow through with the plan and that would take care of the FOMO, i think.
I burned through round 8 by again attempting to bend the market to my will and not executing the trading set ups.
Round 9 is in place now, i do feel stupid writing anything more about this except to just say, i must follow my trading plan and execute trades only when the set up is presented by the price action. Yes, to fail better is the key, thank you uncle Sam Beckett.
