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Although I had a profitable week scalping with a % trades profitable of 54.1% and PL ratio of 1.08:1, my account equity closed at all-time lows since inception. Taking on directional overnight butterfly spreads against the trend and not hedging them has not been working. Not working at all...

Do you feel I am taking on too much by following “As many” instruments as I do? My setups are very well defined and even though they are based on the one minute chart, only show a signal every 30 minutes or so on average. I follow 12 futures and 12 stocks. So far I’ve only had 1 to 2 scalps...

Account equity reaches new low of $29.3k since inception on declining value bearish NQ ‘Fly. 5/6 scalps were profitable. 5 trades were trend following and the one loss, where I lost $.05 in SPY, was a reversion to mean trade. Was watching CVNA at the $95.00 area for a possible short, then...

Not much trading today. Bean focusing on refining my setups. Closed the ES ‘fly at small loss. Scalped JPM for breakeven. Lost almost $80.00 going long the 5000 oz silver contract instead of the 1000 oz contract. Had what would be normally a great long setup fail. My fantasy of the...

Trucks sales in US are down about 50% as is load availability in the spot market. Spot freight rates are down and are below levels than are conducive to new truck purchases by many smaller trucking companies who don’t get the big boy discounts.

Interesting trading day brings my account back to green. Trade 1 - Exited my directional SI ‘fly at a loss. Although some of this loss was previously mitigated with a hedge, theta and reduced IV hurt this OTM ‘fly. As mentioned in an earlier post, setting up a iron condor is probably more...

Actually, I helped build NQ’s time machine. The reason why he is sharing his calls with us is that he wants us to be happy in our last days!

Exchange away.

I get a better scalping in ES than CL.

My scalping was better in spite of starting out the gate with 5 losers in a row. Several trading plan changes will be implemented. Trades 1-7 were random, aggressive, momentum chasing trades.The immediate cause of this is my overweighting the value of a minute bar in the session’s trading...

Good point. But real losses, even small ones are still painful. Posting them on a public forum is even more painful yet. Since I learn faster when under stress, I believe it is in my best interest to continue to trade live. If anything, I have been trading way too conservatively. Perhaps if...

Attached below is my monthly performance report. My trade selection and structuring could have been better. My adjustments for next month will be to take a less directional assumption, to structure my trades as iron condors that may still allow for some directional bias, and to wait for a...

Lost 14 ticks in MES overall. I had to ignore a lot bullish indicators to short a rising market after the US floated the China “Retaliation” balloon. Such is the negative influence of bias. So I hear this news while in a truck stop and proverbially dropped my chalupa, ran into a post while...

Two top of mind issues here: 1. This is written by “a” prosecutor, presumably with a political interest in this. After all, what attorney works for free on a political issue? 2. Change the names to Ford and Kavanaugh, and reread this article. This difference being, is Reade seems much more...

Meh, this is easy to explain: 1. The unemployed were going to be unemployed anyway. Eventually. 2. Its Obama’s fault! 3. The virus took us completely by surprise. How did we know we were supposed to follow the example of locking down as did China, where the virus originated from? 4. The...

You don’t sound like you’re crying!: So Much MAGA!! Trade Deal with Mexico - Stocks SMASH Records - LIBS cry

So I laid down the law on myself concerning discipline and a few hours later I broke it (I took a nap in between). Ok, I am undisciplined and unfocused. To the bone. I always have been, and probably will always be that way. What to do? Without discipline, what is the point of rules? How...

Have you not considered Russia is selling off part of its gold horde accumulated in the last few years to meet oil revenue shortfalls? Gold has been underperforming paper and electronic money lately in spite of loosening Central Bank policy around the world. If oil does not recover, as in more...

That’s a big 10-4. Dumb and happy vs smart and miserable? No toilet paper this time. Oh well.

Please tell me this is photoshopped. Hope you enjoy your break. We expect book reports when you come back!