London
Experience: Beginner
Platform: NinjaTrader
Trading: Emini ES
Posts: 25 since May 2016
Thanks Given: 13
Thanks Received: 31
|
Hi guys,
This is my first trading journal. I'm gonna be trading the system found here:
I've decided my exit strategy is going to be 10 points with maximum 5 tick risk (8R). If I catch a big trend day In the direction of the daily chart trend I'll take 20 points (16R) even if I have to hold overnight for follow through momentum
Trade management: when price moves halfway to my target move stop to break even + 1 tick (to get my commission back)
I'm going to allow myself 3 trades a week to keep me from overtrading and train myself to cherrypick the good set-ups within the right conditions. Also means I can only lose 3.75 points a week.
I'll spend this week putting it all into a business plan and then update this thread when I'm ready to start.
Wish me luck
JACKATK
|