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Updated P&L spreadsheet. I am not too far from the 2% goal after 3 days. MANY more to go.

Followed all my rules today. My old mentor said Discipline + Simplicity = Success. Today's market was anything but simple, but I took the trades I saw. I honored my stops and took profits at decent places. I was looking for shorts because the market looked "overbought" to me on news of China...

I agree that being in a chat room has risks. But with great results, the risk is reduced. Two people in the chat room have told me in the last 3 days that they won't be as active because they need to focus more. As far as results go, one guy in the room TODAY got long about the same time as...

One of the things that has helped me have the confidence to hold on to trades a bit longer than my normal 8-tick scalps has been some "hand-holding" by a few of the longer time frame traders in a chat room I hang out in. Their stops are wider, but their win rate is high and they are often...

For my final trade, I took a short near one of the highs and got $8.50 gross. So today was basically breakeven after fees. I stopped trading at the appropriate time. Used stops on all trades. Today was a good second day.

Check out this run up! I clearly had the right idea on both trades, but I need to wait longer for the reversal. The big boys did one final push lower to shake ME out and then took it back up to yesterday's POC (Point of Control) and beyond.

I know some of you wanted to see me take a loss-- not because you will me ill-will, but because you wanted to see me follow my rules. Well there you go... ;)

First two trades today: In reverse order: That first flush down was a rotten way to start the day, but we HONOR OUR STOPS and we GET BACK UP AND KEEP GOING. On the regular YM, that would have been a $200 loss!!! But we are safely trading 1/10 the size.

My Micro E-Mini account is live, and my journal is live too: https://www.elitetrader.com/et/threads/micro-e-mini-madness-2-per-day.335221/

Here are my trading rules to review each day before trading. 1) Initiate trades only between 9:35 a.m. ET to 11:30 a.m. ET. 2) Trade a maximum of 1 contract per $500 in the account. 3) Watch the calendar for news releases, and avoid trading them. 4) Max stop is $20 per contract. This is 40...

This is how I will keep track of my progress. I will post this at least once per week:

I wrote "Risk:Reward of 2:1," I meant "Reward:Risk of 2:1." I still have an inverted Risk to Reward ratio in my trading, but as long as I stay above 80% win ratio I do fine. My next goal is 1:1. I also said that I will be trading the NQ and YM, but of course I meant the MNQ and MYM.

My AMP account is live! Starting balance is $1006. Here we go... I have decided to use a fixed stop, but my target will be flexible. STOPS. I am only trading the NQ and the YM, which each have 50 cent tick sizes. My stop will be a maximum of 40 ticks, or $20 on each. Each max loss then...

I have had evaluation accounts with Top Step Trader, OneUp, and LeeLoo. I have not tried FTMO or Earn2Trade or any of the many others out there. I purposely left off the name of the company I am using currently. Why? Because this journal is about how NOT to get sucked into their vicious game...

I can see you are using reverse psychology on me. Well, it is working. Check back in a few weeks. ;)

An evaluation account that I paid for has much lower risk that a live account, but it still has a monthly fee that continues each month unless I pass the test or give up. I DON'T want to keep paying evaluation fees, so I have to reach the $9000 profit target, which still represents a 9% daily...

Good catch on the rogue micro trade. Good thing it was a Micro! And good thing I got out when I did. The NQ tanked on Friday all the way to around 7,450 or almost 250 NQ points below my entry on that trade!!! On the NQ, that would have been a $5000 loss on one contract. Even on a Micro, it...

One of my mentors told me something similar: "A loss is still a good trade IF you followed all your rules." I thought it was a stupid idea initially, but then I started to think like you. It's about repeatable, long-term performance. Thanks for the reminder.

I am purely chart based, but as previously posted, I closely watch the Cumulative Delta and I use a volume delta chart to see the buying and selling aggression: But something purely magical happens however when I zoom in on the volume delta chart on the right: As you can see, by using the...