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Thankfully stopped out by my 30 RT rule as I was going nowhere fast. -0.50 pts / 30 RT / 2 ct lots

Upon reading the misleading thread title and not being well versed in trade setup nomenclature, I had expectations of a trading journal finally catering to the crossdressers amongst us. So it was no surprise that I kicked off my stilettos in anger when the true nature of a "short skirt" trade...

I also jumped from 1 contract to 5 contracts overnight but that was after 1 week of trading the e-minis and, unlike yourself, I was promptly smacked down :( :D :confused: :mad: :p If, however, you have the experience and the requisite capital, I don't see any problem, though a more...

This also had me confused initially when I was posting my results to my journal. On the X_Trader platform, "round turns" are number of contracts times number of trades. After all, this ultimately is what you'll be paying commissions for. So, for example, on August 5 I did 425 round turns (85...

Glad to see you back, JT :) "Securities traded 1. S&P500 (ES) e-mini future Securities traded 2. NASDAQ (NQ) e-mini future" I would stick to one instrument only. I notice that you only refer to ES further on in the plan, so either remove NQ from Securities traded or address them...

When I finish all this, I want to be a lumberjack.

Pretty slow day till I decided to pack it in. +5.50 pts / 10 RT / 2 ct lots

birddog, sorry to hear about your loss today. From your previous posts, though, it seems that recouping $1,100 would involve no more than a couple of good days. That's what I'm striving for - a bad day that can be recouped in about 2 good days. Till now, my big losses have been "4 day recoup...

Things were going well till I stubbornly refused to close a losing short position before the 10:00am new home sales number. This lapse wiped out my earlier gains so I was glad to stop shortly thereafter with a profit for the day. +2.75 pts / 9 RT / 2 ct lots

Good points, x-or. I will keep an eye on the 30 RT figure with a view to lowering it if necessary, and I agree with you that it is only an upper bound which I may elect not to take advantage of, if I'm having an off day. I wish I could run a simulation to find optimal values for these...

My new 30 round turn rule may have saved me from myself. Thank Magna for the timeliness of this post. +6.875 pts / 30 RT / 2 ct lots

And jolly good luck to him. With my new 30 round turn daily limit, we'll soon be neighbors :p

My journal will attest to the problems I am having in this area. My method of combatting it is by introducing rigid trading rules which I seem to violate less and less these days. The philosophy behind these restrictions (daily stop loss, maximum number of trades per day etc.) is that, as a pure...

The following should be added to Rule 9 : Cease trading for the day once 30 round turns are reached.

I don't seem to like Fed days. There were a couple of times I actually got up to quit, but found myself back churning in the pre-Fed chop. This is a record number of round turns for me, and I traded like a possessed imbecile. As gloomy as the picture is, I feel I'm nearly there as far as...

Huios, we'll miss you. It was a great journal. Good luck in all your endeavours. (Both he and bronks will be back :))

Stopped well short of my daily profit target as I kept churning without lifting my P&L. +3.50 pts / 17 RT / 2 ct lots

I'm still net down basically because of 2 huge blowout days ($5.5k trading 4 contract lots on August 5, and $10.4k trading 5 contract lots on August 13). When one adds to this the fact that out of my 35 trading days 28 have been profitable, the importance of a trading plan in general, and a...

x-or, I unwittingly followed your advice of a maximum of 10 trades per day. I'm still not used to the higher daily profit target and potentially longer trading day and was quite drained by 10:30am so I stopped, a little short of my 10 point daily target. +7.75 pts / 10 RT / 2 ct lots