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Staring Trade Journal. My own trades using small scalping. Starting with Index micros to build account. And adding multi time frame strategy that is updated monthly per back testing. And adding a 2nd scalping using uniRenko bars soon to come. My favorite index is Nasdaq.
Look how to get blood hound. Looks like very good program if can change ATM in ninja trader.
Last week was about M-F
$100, 315, 10, -290, 100. If I have held my -300 loser 9 more minutes trading up to 14 micros, it would have made money or break even. I have to get to work. the jobs new was way bigger than I expected. Gold using the bot was having a bad day.
This week
Notes: I think I should experiment with could trade a few ticks then 2nd contract BE and it would pick up a runner from time to time. Watch the position of VWAP for more potential movement as the market loves to go back to VWAP. Look and the daily chart and see if market extended.
Changed ATM from 20 to 10 1st target on everything except Nasdaq.
S-M = $118 on micros, 4 contracts at most used.
Tu = $83 on micros, 2-3 contracts used at most. hit sell button after a spike for biggest trade
Can you help answer these questions from other members on NexusFi?
Be careful with that. When you start thinking it will be better to not accept that your trade premise was wrong, and that you won't exit the trade but will instead hold on to it and just carry on doubling down until you at least get back to breakeven, your account won't last very long IMHO.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
yesterday about $49.5 micros indexes. 3 contracts max
was up $65 but messed up FOMC trade after action.
Today $102 micros. 3 contract max. I tried one contract and added 2 contracts on one trade. Worked well.
Missed a MYM short near opening and a MNQ long being cautious. Both would have been winners for 10 and 20 ticks. So, my setups still working.
Missed another MYM short as needed to leave for work and walk the dog. I was afraid to get into a long trade.
Created a scalping chart similar to a guy in a trade room and will play with it with a ATM. He made money with it last several days, but he is loosing today. Except ES and RY making money.
NQ did not move much direction in the start of US trading.
Poor Day up beyond my daily goal and took a few more trades and got bit hard with a run in the market. Also missed a key trade, jumped into early. Got scared and got out too early against my trading plan. Amateur hour
Did a few more safe trades to get my self in the green and pay for trading fees.
Took 2 live trades with new scalping setup. Both looser. Don't use live until better history
So $37 on 1 - 7 micros but guessing zero after ticket fees. Was up about $290. Should have stopped at $240. with 1 - 3 micro contracts.
Take away,
If up, stop trading or just very small safe trades and if loose a little stop for the day.
Wait for the trade. Saw the all for Index had developed a bottom pattern and if broken, it could come down hard. Which it did. wait for the market to come to your positions.
Look for bottoming patterns or topping patterns and if several markets have them. Stay out until break occurs.
Well, the market started moving at 12 and some safer trades came up and got up to $200 to end the day at 12:51 CST Last trades were 1 - 4 contracts
So $200 for the day on micros, yea!! Now stop trading!! Yes, I'm talking to you Turn off the computer.
Had a very poor day late at night. A few days ago. I think china news. I should have stopped when position pulled back. And could have minimized my losses. Also, I was positive for a small amount. Think need to takes some profile off. When my account is larger, it will be easier to run more contracts and take some small profit.
Yesterday
$100 doing much safer trades 1-3 micros. Will need a few days to get back from yesterdays losses. Definitely fill a little skittish about trading.
I need to review and write rules down. And back test them again.
Today
$108 less than 1-3 micro contracts. I am stopping.
Monday $166 on 1-3 micros. Slow day with NQ non directional for first 15 mins. other indexes moving down. A few small trades on M2K when it went short. Then market reversed. Did a Bot MYM 3 micros got 2 on pullbacks so took off all 3 1st target. $45. MNQ reversed and got some trades in the upper area. Missed a big market reversal on all indexes except M2K went to my buy zone and did not trade.
Bots on sim all made money and need to start using with micros and add more contracts as account get larger. Need to set up new ones and make a list and spread sheet for results for longs and shorts and different days.
