Hi everyone!
Like many other traders, I daily struggle with myself to follow my trading plan and I continually repeat the same mental patterns: fear, FOMO, greed, anger, overconfidence sometimes when I have a few good days, etc. All these problems always manifest themselves in a similar way: when a trade is against me I am unable to respect the stops and this is even worst whe my possition is biger. With this Trading Journal I want to share everything related to my trading to try to overcome these flaws, and Also receive a feadback from you that can help me and also to those who can read this journal.
From futures to cryptos. Why this title? I came across Apex Trader Funding and decided to start a combine with them. I think the secret to passing an evaluation with any of these companies is not to operate with many contracts and not to be in a hurry to finish the evaluation in the minimum number of days that they ask you to trade. A good thing is that Apex allows you to have up to 10 live accounts. My idea is to try to pass the evaluation (I have already done it previously), consolidate the liveaccount trading micros and, when it is already consolidated, start a second evaluation account that will replicate the trades of the first account . And so on until I get to have ten accounts. Its mentaly easier to trade an account with not many contracts an replicate the entries on other accounts than going with a lot of contract in a single account.
An the next step is to go putting some money from this accounts into my crypto account which its a long-term investment account. I dont trade cryptos.
This is the Apex Evaluation rules:
50K FULL
Starting Capital
$50,000
Contracts: 10 (20 Micros)
Profit Goal: $3,000
Trailing Threshold: $2,500
Daily Drawdown: None
I got a discount coupon from canadianfuturestrader web.
Let's go to my trading system. Until recently I traded Treasures with Jigsaw, last year I did very well but this year the market is very slow again for me and I decided not to continue with it. After that, I have been trading the ES having good days and loosing all I had won in just one day. Do I trade bad? Not really I have realized that I need to reevaluate the monetary management to overcome all my flaws. I have tried to simplify my trading strategy as much as possible. I trade MNQ and MES In panel 1 I have a range candlestick chart of 22 ticks for the MES and 80 for the MNQ. I have a 21 EMA channel to see the trend, volume indicator, RTH and ETH VWAP and volume delta with a bollinger band. On MES I have the stalk zones from Convergent Trading. Also Ive got a daily RTH chart and 15 min chart with composite and session profile.
By now I will start trading with one contract and, as price goes in my favor, I will add more contracts. This way I get a minumun risk with one contract and If the trade is right and goes in my direction I go adding some more contracts and and covering then with a stop. The thing is to lost just with one contract.
Todays trades: (I trade from Madrid (Spain) and my 15:30 is 9:30 EST.)
1. Long in MNQ. Premarket trade, Delta is out of Bollinger band and I go long. Price goes against me and should closed it but I wait for the regular session to open. I close the trade in the VWAP with 35,25 pts. (If I would close the trade when I thought I was wrong I would be able to entry later following my rules and grab a a good trade add 3 more contracts on the way, too bad!)
2. Long in MES:The Regular session opens and price goes long. Entry in 61% projection of the last leg down and near a Stalk zone. I Add another contract in Fibo 100. Exit on next Stalk zone.
3. MNQ-Price stops at Stalk zone, makes a range and, when it breaks the range zone and then retrace, I go short. I add contracts in F61, F100 and F127. Im stop out at F127.
4. MES short at Stalk zone and add another contrat in F61. I exit in the next stalk zone
$713 for the first day. Not bad although I was lucky in my first trade.