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What a great annotated chart! Thanks for sharing it. Hard to argue with your success. I may consider trading similarly on another account. I can't on this one even at 20 contracts, because of my all-in/all-out commitment, but I am watching how it is done.

I made one MYM trade today for 16 ticks ($8). The amount of choppiness this morning was pretty amazing after a crazy selloff last night when oversees markets fell 1%. But I came out alive and ahead. 2,990 ES is holding the market up well. If it breaks, I think we will reach 2,970. The...

Awesome description, bar by bar. You convinced me!

Great reminder about the DXY! I used to trade FX regularly and watched DXY religiously, but have gotten out of the habit because it costs extra to subscribe to ICE data. Do you have another suggested source? It has been awhile, but my memory is that (in general) the DXY is inversely...

You have stated at least twice the concept of reversing your position at your stop and then doubling it or tripling it. I have seen others do this. How often does this work for you? It seems precarious to me in a volatile market. Maybe the bears (in this case) are just waiting the...

Fascinating discussion about risk and probability. Thanks. How do you know that the bull bar was profit taking by bears as opposed to fresh bulls?

The QM seems to have decent liquidity, but oil in general right now is simply nuts for obvious reasons. Aaron (in that other place) says that he prefers oil over stock indicies because it has purer price action and is less prone to tweet action. But clearly it's not immune to drone action...

Obrigado pela musica. Sounds like you have paid your dues and speak from painful experience. Do you wish you had stayed with CL? Can you implement your same plan anew on BOTH QM (the mini CL) and the MNQ (micro NQ)?

That is funny. 92 trades: 80 winners, 12 losses. 16 trading days. 5.75 trades/day.

Volpri and Overnight, I have stated from the very beginning that my intention is to learn how to scale in and out like the big boys. But you are both stating (loudly) that my current method is working just fine and you are strongly recommending that I shouldn't mess with a good thing. Hmmmmm...

Volpri, it looks like I wrote that, LOL.

Overnight, you have great insights. Something will happen when I reach $1500. I will be able to trade with 3 micros at a time. I have never (profitably) traded 3 live positions at once on any live account, and have been looking forward to the opportunity because of the ability to scale out...

GREAT TRADING Volpri! And thanks for the vote of confidence. Indeed as my account grows, I am committed to not changing my style except for the ongoing attempts to hold a bit longer on some trades. I know that if I substantially change anything I am setting myself up for failure. And as the...

Here is my updated table and chart to finish out the week:

Today is Quadruple Witching day. A friend of mine said it this way, "Something that only happens 4 times a year. Meaning. . . . Market Index Futures, Stock Futures, Index Options and Stock options all expire today. This usually leads to big swings in the Market. Not that the market hasn't been...

I did not trade the micros again today. The market being so close to the all time highs and the parabolic move up from the wee morning hours (candidly) quickly took away my confidence. But I did have one success today. Can you guess what it was? (don't scroll down until you try!) I...

Well, my journal is just one month old now, and we are already on page 33 according to my Elite Trader screen. I guess the topic and my bold 2% daily goal got some attention. Now I will do my best to keep it up. Thanks again to everyone who has given feedback - good or bad. It really keeps...

Volpri, great job on those many trades. $1100+ today with micros! When I grow up I want to be like you.

Thanks. I have made $228 in 15 trading days starting with $1006. That is about 20% per month or 240% per year. I hope to at least continue at this pace. I am not using any martingale strategies. But the tarriff and tweet market is so volatile that I have to be super careful on everything I...

Here is the current progress after yesterday's trades off the bottom. I have to stay focused and prudent and remember that preservation of capital is 10x more important than new profits. I mentioned that all of you are helping me. I mean this. In addition to your great ideas, simply...