This will be my official FIO trade journal and I look forward to sharing my progress as a trader. I am new to trading and have tried a few different markets and different strategies. I kind of bounced around for the first 8 months looking for what seemed to fit me best. After much trial and error alone with some large loses, I decided to make the ES mini my main focus. I will focus on nothing else until I have mastered the ES. The last 4 months paper trading the ES I have practiced my strategies for different conditions like Range or Trend and even traded live a few times with good results. I have honed my rules down to what seems to give me the best probabilities to succeed. I have focused as much time on my trader psychology as on my actual trading strategies as trading brought out some inner issues that I needed to address whether trading or not. I have not rushed my progress and I will not force the issue in the future. I plan on being around for the long haul, so I will address all issues as they come up.
I will go into my trading plan in a future post, but I will say it is as simple as I can make it. I will be using market internals, pivots, trendlines, emas, and possibly Bollinger Bands on range days. Range days I will use more caution and trend days I will be more aggressive. If I dont like what I see, then I just will not trade. Anyway, I am grateful to have an opportunity to trade and I look forward to getting to know some of you here on FIO.