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My journal for scalping/day trading ES


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My journal for scalping/day trading ES

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  #1 (permalink)
Toronto Canada
 
 
Posts: 24 since Dec 2019
Thanks: 5 given, 25 received

First of all, pardon my english and my poor writing skill as I'm not good at expressing things verbally or clearly through writing. I speak five different languages 'coz my parents immigrated to different countries as a kid and I didn't get a chance to master any of them. I attended high school and university in Canada which I couldn't afford to social with friends due to busy working for different part-time jobs during school years to support myself and my family.

As mentioned on Intro. Myself thread, after graduated from a major and a minor degree in computer science and math. I worked in banking industry doing IT works where I got exposed to investment field that I decided to quit my job after five years of working there to focus on trading full time. Well, I was so bored of my job because my daily routine was the same for everyday and I had nothing to do for most of the day except staring blank at monitors. Plus, I didn't see any future with kind of job that I worked for and the salary package wasn't great.

Over a decade of trading full time, I blew my accounts few times learning all kind of mistakes while trading different instruments such as stocks, bonds, leveraged ETFs and option. I only began to turn my trading around in recent years after developing and focusing on high probability trading strategies and the only instrument I trade is ES/NQ. My swing trading strategies are quite consistent for years and I'm happy with the performance so far. However, I still need to fine tune my day and scalping strategies and hence, it's what this journal is all about. Upon reading and evaluating different prop firms such as Topstep, Oneup, E2T and Leelo, I decided to give Leeloo a try and see how it goes. I don't recommend Leeloo to anyone though due to its poor payout structure to us a a trader and yet, I can't tell how reliable this firm is. I currently trade this account in December last year and am projecting myself to pass the evaluation stage within a week or two.

I'll use this journal to update my trading performance at the end of each day as well as discussing or sharing ideas/strategies. I'm open to help out others who are struggling, but I'm quite frankly to say that you must do your own homeworks because a part of trading edge comes from you as well. If you don't work hard to discover yourself while developing trading skills, you won't be able to tell what your suitable trading style is and where your strengths and weaknesses are so you can take advantages of or avoiding it. Don't let anyone to discourage you by telling you that you can't do it. From a decade of extremely hardworking efforts that I put into trading, all I could say is that trading does work but you have to be very patient and discipline to follow your trading plans or strategies. Good luck to us as a small trader struggling to make some livings.

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  #3 (permalink)
Toronto Canada
 
 
Posts: 24 since Dec 2019
Thanks: 5 given, 25 received


Here is the screenshot of my current status with Leeloo's 50k evaluation account. Please don't have high expectation on me at this stage while I'm still improving on entry and exit techniques for several reliable scalping and day trading setups.


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  #4 (permalink)
Toronto Canada
 
 
Posts: 24 since Dec 2019
Thanks: 5 given, 25 received

Here is a list of my setups triggered today:

Scalping: 3
Day trading: 2 but I missed one while taking care of errands outside.
Swing trading: 0

P/L: +$450 by using 2 contracts per trade. My day trading setup was cut short for +1 tick gain due to NFP report released @8:30am. It could have been a +3 points of gain if I held until 8am. I normally stop trading an hour before any market event.

Thank you for reading and have a wonderful weekend


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  #5 (permalink)
Toronto Canada
 
 
Posts: 24 since Dec 2019
Thanks: 5 given, 25 received

Here is a list of my setups triggered today:

Scalping: 0
Day trading: 0
Swing trading: 0

P/L: 0. No trade for today.


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  #6 (permalink)
Toronto Canada
 
 
Posts: 24 since Dec 2019
Thanks: 5 given, 25 received

Here is a list of my setups triggered today:

Scalping: 2
Day trading: 0
Swing trading: 0

P/L: +$300 using 2 lots to trade. I missed several scalping trades today. That is okay. What matter is I PASSED EVALUATION ACCOUNT


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  #7 (permalink)
Round Rock, Texas
 
Experience: Intermediate
Platform: Ninjatrader
Broker: NinjaTrader
Trading: RTY, ES, YM
 
Maelstrom's Avatar
 
Posts: 166 since Jul 2011
Thanks: 684 given, 401 received

Congrats!

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  #8 (permalink)
los angeles + california
 
 
Posts: 1 since Apr 2019
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Can you show us the screenshot of your trade? How do you determine your entry and exit based on?

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  #9 (permalink)
Toronto Canada
 
 
Posts: 24 since Dec 2019
Thanks: 5 given, 25 received


dark14horse View Post
Can you show us the screenshot of your trade? How do you determine your entry and exit based on?

I'm sorry that I can't show screenshots of my trades randomly online but I can answer your question that my entry, exit & cut loss techniques are based on customized indicators, MAs and others. None of what I'm using are from default indicators or default time frames. It tooks many years for me to figure all these things out and therefore, I prefer to keep them in secrets.

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  #10 (permalink)
Toronto Canada
 
 
Posts: 24 since Dec 2019
Thanks: 5 given, 25 received


Guys, Leeloo needs a couple of days to review and setup my funded account. So, I'll continue to update my journal with sim practice until my funded account is setup. I'll treat it like a real account 'coz I'm still forward testing few scalping setups so I could review their stats weekly, monthly and annually to see which one is more reliable. The purpose of doing this is that I can use more contracts to trade like a lion pouncing for foods once I've enough stats to proof it. That said, I need at least 100 to 200 trades per each setup before I decide which one is better than others.

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