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Live Cattle

Probably Steven Cohen.

Without realizing it, this is more or less what I’ve unconsciously started doing. Now, I trade maybe 4 markets. /MES, /MCL, /MGC and EUR/USD. And, to a degree, those markets are very correlated. So, trading one in a certain direction isn’t that much different than trading the other.

Haven't been trading this week but I did take a position in EUR/USD today. Shorted from 0.9746 with a 19-pip S/L. Covered at around 0.965. I'm upset at myself for not going long after I closed my short because that was my initial plan but I didn't wanna push my luck.

I want people to keep believing this, so I'll opt not to disagree with what's being said.

Another one of those things "conspiracy theorists" said would happen a couple of years ago (food and energy rationing) and here we are......

Recent and today's action: Wednesday, Shorted Micro ES Futures and was stopped out at a 1% loss. I jumped the gun instead of waiting for the confirmation that I'd normally use for shorting an up-move. ------------------------------------------------ Today: Shorted USD/CAD from 1.3755 with a...

Yesterday's Action: Shorted USD/JPY from 144.82 10-pip stop Closed the trade at around 143.9 ------------------------------------------------ Shorted AUD/USD from .06513 Stopped out at .06525 ------------------------------------------------ Re-entered my AUD/USD short from 0.6516 15-pip stop...

Closed out EURUSD short at around 0.976. Price respected that support area a bit too much. No longer looking for a copper short since I don't like the price action that I saw before price reached my entry.

My copper short never triggered but I did short EUR/USD at 0.9830. I'm still holding on to this one. If it can clear the 0.974 area, then I'll hold until 0.954. My risk on the trade was 15 pips and I'm now up 60+ pips — stop loss moved to breakeven.

I'm also looking at shorting the GBP/USD at around 1.121 should it reach that level. Because that level is kind of the top of the move, I'll take a smaller position size and risk only 0.5%. However, I expect to see this pair fall several hundred pips if I'm correct. I am hesitant about this one...

Let's get it started. I'm looking at shorting Micro Copper (MHG) should it return to 3.425. If I don't get the retracement, I'll be looking for the breakdown. My target would be the 3.296 area with a stop that would mean 1% risk on the trade. If I'm correct, then I'm looking at a 1:12...

Thanks. That’s one of those things that I’ve believed but never internalized that belief enough to apply it. No more excuses, no more punking out, etc., especially since I’ve taught a couple of traders what I’ve learned and they went on to make a million while I’ve been holding myself back.

I’ve wanted really badly to be a swing trader (holding for a few days) since I realize that my outcome would probably be best that way but I don’t have the patience nor the mental makeup to hold a position for long. I’ve tried that approach for a while only to close out my trades too early due...

Reward that is at least 5 times my risk.

In this trading journal, I'm gonna be as transparent as possible, which will probably cause it to be lengthy but here we go. What I will do here is journal the trades that I take for an indefinite period of time. I will try as much as possible to post the trades ahead of time so as to avoid it...

Another exchange for BTC into dollars, from the sound of it.

I remember asking the guy who introduced me to trading how does he know when a market is about to move. He only said "supply and demand." At the time, this guy was 23 years old and had $2.5M the year before trading commodities and currencies. Because he used to keep up with the news a lot and...

The method taught by Sam Seiden is what finally helped me to become consistently profitable and find lower-risk, higher reward trades. I didn’t learn it from Seiden/OTA, however. Some I had already figured out on my own, the rest came from simply browsing the web.

If you’re not trading real money and all you’re doing is buying a couple of books, what do you have to lose?