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Adventures in Oil Futures Trading - Demo to Millions! $$$


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Adventures in Oil Futures Trading - Demo to Millions! $$$

  #101 (permalink)
naesm
Fort Collins Colorado
 
Posts: 144 since Nov 2016
Thanks Given: 26
Thanks Received: 137

Trade Review for 5/14

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  #102 (permalink)
naesm
Fort Collins Colorado
 
Posts: 144 since Nov 2016
Thanks Given: 26
Thanks Received: 137

May 17th: 2 trades - -3 DEMO
0 wins: 0
1 loss: -3
1 breakeven: 0

Not much to do today. I missed a fill for a nice +20 target and my BE trade was managed tight and also went to +20 target. My only loss was a counter context scalp so no big deal on that one. Market was super slow and very low volume.

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  #103 (permalink)
naesm
Fort Collins Colorado
 
Posts: 144 since Nov 2016
Thanks Given: 26
Thanks Received: 137


May 18th: 9 trades -+28 DEMO
2 wins: +47
4 losses: -19
3 breakevens: 0

My computer crashed today when my video was processing so no live trade journal from today. So now I will just do a short recap. Was super tired today, finding it hard to even stay awake at times. The craziest part of the day was when I was long three minutes before a nearly 200 tick rip lower. This one was really frustrating marking the high of a huge move down, it was only a six tick loss but I feel like I read the market and the clues the wrong way on this one.

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  #104 (permalink)
naesm
Fort Collins Colorado
 
Posts: 144 since Nov 2016
Thanks Given: 26
Thanks Received: 137

May 19th 2021:*+14 DEMO*
12 trades*@*30% win rate
3 wins: 54 ticks* **
7 losses: -42 ticks*
2 breakevens: +2 ticks

I definitely overtraded today, I could have passed on quite a few of the trades. As I talked about in my video, with my win rate and commissions if I am taking 12 trades a day this is a large percentage of my net, it really cuts into my edge, and makes it more difficult to have a positive expectancy. Trading a 1 lot with commissions, I would have only made about $80 today. Not very happy with how I traded. I also again, was in a long trade just minutes before the 75 tick drop and took a small loss. This is two days in a row I was on the wrong side of large expansion moves. Lots of work to do still.*

***** I also played cards last night, had a nice session. Played for five and a half hours and made $1,120. Four hours of sleep though is not conducive to being sharp for trading. For now I will make it happen, poker is real money and trading is still just training. Once I am live and trading profitably, I will cut down on cards during the week.* **


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  #105 (permalink)
naesm
Fort Collins Colorado
 
Posts: 144 since Nov 2016
Thanks Given: 26
Thanks Received: 137

May 20th 2021:+22 DEMO
4 trades*@ 50% win rate
1 win: +24 ticks
1 loss: -3 ticks
2 breakevens: +1 ticks

I had 67 ticks in open equity on these trades. It was an in range and balance day, I think I should have taken more profit and not looked for bigger moves especially later in the session. "The master has failed more than the beginner has ever tried." Love this quote

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  #106 (permalink)
naesm
Fort Collins Colorado
 
Posts: 144 since Nov 2016
Thanks Given: 26
Thanks Received: 137

5/21/21 Trades:+27 DEMO
6 trades @ 40% win rate
2 wins: +44 ticks ave win: 22
3 loss: -17 ticks ave loss: 5.67
2 breakevens: +1 ticks

Still find myself trading not to lose. First trade of the day I derisked at a minor high tick for a BE, initial stop held and went to hit my 30 tick target. It was a good day overall, read was solid, and executed well. Another week in the bag, weekly recap to follow soon. I am out of town taking a little weekend getaway in Blackhawk Colorado playing cards. They just raised the limits for poker so the games should be very good. Will post an update on that as well.

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  #107 (permalink)
naesm
Fort Collins Colorado
 
Posts: 144 since Nov 2016
Thanks Given: 26
Thanks Received: 137

Recap Week Ending 5/21/21

+88 ticks on Demo trading one CL contract
Total trades: 33
Win Rate: 33.33%
Wins: 8 Total: +169 Ave win: 21.25
Losses: 16 Total: -84 Ave loss: 5.25
9 BEs: +3

Very similar results to last week.

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  #108 (permalink)
naesm
Fort Collins Colorado
 
Posts: 144 since Nov 2016
Thanks Given: 26
Thanks Received: 137

May 24 2021: +7 DEMO
5 trades @ 40% win rate
2 wins: +34 ticks ave win: 17
3 losses: -27 ticks ave loss: 9
0 breakevens: 0 ticks

I was going to go live today but wasn't feeling good about it last night. I did not have the conviction I felt I needed so I decided against it this morning. My results have been consistent yet my confidence is not quite where I would like it to be. I had a decent weekend playing cards, going into Sunday I was up $2700 and then gave back $2k in three hours. That put me into a bit of a bad mood finishing out the weekend and came back feeling down. I tend to be very emotional, my results of gambling as well as trading definitely effect me afterwards for a considerable amount of time. I am trying to work on this, but it's not easy for me.


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  #109 (permalink)
naesm
Fort Collins Colorado
 
Posts: 144 since Nov 2016
Thanks Given: 26
Thanks Received: 137

May 25th 2021: +25 DEMO
5 trades @ 50% win rate
2 wins: +34 ticks ave win: 17
2 losses: -10 ticks ave loss: 5
1 breakeven: +1

Lots of opportunity today. I hesitated on several trades and passed on a few valid setups, and missed a few entries. I need to be more aggressive on my entries as well, it's not worth missing trades for a tick or two. I am still feeling my negativity hangover from Sunday. I know it's important to stay positive, I know a good attitude is preferable to a negative one, and that I can only benefit from being in a good mood. But sometimes it's easier said than done.

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  #110 (permalink)
naesm
Fort Collins Colorado
 
Posts: 144 since Nov 2016
Thanks Given: 26
Thanks Received: 137


May 26th 2021: +42 DEMO
3 trades*@ 66% win rate
2 wins: +51 ticks ave win: 25.5
1 loss: -9 ticks ave loss: 9
0 breakevens: 0

Overall a very nice day. Grabbed a nice win in the preopen for a +31. Unfortunately my recording software crashed and I wasn't able to capture the live trade. This was a great example of sitting through the discomfort of the trade, I was in the trade for 35 minutes before finally reaching my target. I was feeling very calm and patient today. Very tired though once again, Tuesday nights I play cards and didn't get home until almost 1am, then my mind is still running and thinking about things from the game so it's difficult for me to fall asleep quickly. The mindset and negativity content from the live session today was so valuable, it's exactly what I needed. I am trying to adjust my expectations of myself and will focus only on what I can control. I know there is nothing to be gained by focusing on negativity.

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Last Updated on August 24, 2021


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