Search results

Ok that is fair. I will post the results for the part of the month not include to date. I will post them on Friday with the months totals. AllenZ

I have a very thick skin. I have "traded in public" for the past 24 months and always posted a track record, good, bad or whatever. My reason for not posting to this journal is because it turned from me explaining my style to defending it. I dont have to do that to you or anyone else. I...

I stopped posting because I enjoy teaching and get pleasure from helping other traders, but a few of the posts here have taken the fun out of the thread made it a petty return of insults. I do charge for what I teach because I feel it is something of value and anyone who has been in my room...

I understand you desire to keep new traders away from a "guy like me" and I am sure everyone appreciates your posts. I am done however defending my approach, my motives, or anything else. I will post my journal and accept your abuse as a part of that. If one trader beneifts from it then it is...

Not so sure why you have it in for me. But I will once again defend what I teach. I dont view trading on a trade by trade basis or success on a day to day basis. There are bad days and good days if you want one, you need to live with the other. I teach traders to take a longer term look...

My average stop is 5 points or $100 per contract. In order to keep my risk exposure to 2% that would mean I need 5k per contract to keep risk at 2% per trade. If trading 5 contracts my risk is $500 per trade ( 5 points at $100 per point based on 5 contracts. to keep risk at 2% you would need...

I am no begginning trader for sure. I have been trading a long time and have a track record that nets near 10 points a week after commission for this entire year. I began this journal to show that you dont need to scalp the futures to make a living. 1 point a day net is nothing to write home...

I look for IRB's on wider timeframes to confirm what I see on the smaller timeframe. for example if i see a double top on a 5 minute chart and an IRB on the 60 that confirms the levels of the double top then I have nice confluence of factors for taking a trade. Also, IRB's denote contraction...

Today was my kind of day except for the fact that contra rally after the initial breakdown was a bit stronger than I was looking for and took one of the bigger stops I have ever taken. So much for over confidence. I made it back and some on the re entry but in hindsight I obviously should not...

There are some days when you are right and make no money. Wednesday was one for me. Most often I find when I think the market will do one thing and it does another if I flip and go that way I get paid, I came into today looking to buy a breakdown of the 30 minute range. We got it and I went long...

I thought no one was reading them. I will answer the questions and post the trading for today and yesterday tonight sometime. Having a flat week, cant get anything going. Was working more on that than the journal last night. AllenZ

today was the kind of day I like and generally excel at. But I have to admit the afternoon session threw me a bit after a wonderful morning. I had a brilliant trading plan coming into the day and executed it perfectly. I took a long lunch and came back with a flawed plan for the afternoon. today...

At least today was a better trading environment than any day I can think of last week. today I was skeptical about the rally having legs past last weeks high and definitely not a move over last months high. As in most bear market rallies the strength makes you think at times " is this for real"...

OK, I can admit it, today I just stunk up the joint. I made a couple of errors early in the day which definitely hurt. I have a history of struggling on Options Expiration but I continue to trade them because I think it may just be a "mental thing". I will also say that this week frustrated...

There are several things that will make me narrow the stop: 1. If the trade begins to move in my favor I will generally narrow the stop. At 75% of the target I will move the stop to breakeven. 2. I may narrow the stop if in the trade longer than 30minutes. To do this I will generally use...

Well, based on my recent statistics the average stop taken is about 4.5 points. $90 per contract so 2% risk means trading about 1 contract for every $4500. My risk varies based on account size since I live off of my trading I take out money from this account all the time, even when in...

For October: 44 trades 12 stopped flat 16 wins 16 losses Month Net +42 without commission. +$630 after commission per contract. (4.80 RT) 25% projected monthly return based on 2% risk per trade. Daily average +3.2 without commission. I would like the daily average to be closer to...

In the room I call the QQQ. I use a multiplier to show traders how to use these entries to find entries in the futures. This is the way I learned to trade the futures so I just kept it going. AllenZ

Another day, another gap. This is getting old real fast. What can you do, I am taking only the best possible trades and they are just going nowhere. You cant force the market to move and you cant overtrade chop. I am not big on adjustments so I will not look for smaller gains. I prefer to work...

Anyone else bored this week. Lack of intraday movement is making me very tired. I dont trade overnight or in the first 1/2 hour of the day. This serves me well over time but this week I just see nothing happening. I also wanted to get some feedback on the holding times, initial stop, and...