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I asked him about the inconsistency of using a stop loss on the first trade and then plainly stating a few pages later that he doesn't use stop orders. He said that using a stop loss on the first trade was a "mistake in execution".

He doesn't use stop losses....unless he makes another mistake in execution like the first trade in the journal.

Congrats Joe!

Can you expand on this, perhaps using your 10 lot CL trade as an example?

But without a stop, intra-day gyrations can become a serious issue, no?

Would you mind elaborating on "very tightly controlled". Thank you kind sir. RR

This is very subjective, care to elaborate what "very tightly controlled" means?

Again, it's one inconsistency after another. Unless, you believe it's ok for you to resign a strong judgment prior to closing a trade but the rest of us cannot.

As someone who has been here since 2003, I'm sure you can attest to his track record better than me. I was just assuming his long term record wasn't very solid but you've actually seen it in action over the last 9 years. Thanks for confirming my suspicion. Hopefully he tries harder at...

Since your are just starting to trade a new method this year, after ~20 years in the biz, my assumption is that your long term record isn't very good. Perhaps if you stopped making silly "mistakes in execution", you might be better off. Just food for thought. You shouldn't fight good advice. :D

Again, you say you don't use stops (quotes below) but then you say the stop setting was wrong. Do you not see the blatant inconsistency? Did you ever stop to think that, if you approached each trade the exact same way, based on your method, you might have better success?

Your first trade had a tiny stop, why the inconsistency?

Well, they do give you something to write about I guess.

His first trade in this journal had a stop, this one doesn't. Inconsistent approach IMO

Wtf?? :confused:

You mean long, right?

This is a price driver trade....with such a tight stop?

Which sport?

And your opinion matters why? After 20 or so years in the biz you just started trading a new method. I'm not sure you're qualified to know who does and doesn't have a clue on how markets really work. You're still trying to figure things out yourself.

9:30-4 in front of a screen is hardly all day. Most "normal" workers probably spend just as much time if not more at their screens