I want to start a thread to post my trades in a consistent manner so that I can give some of the new comers in this game some confidence.
If a reader can check this thread once a day he or she should be able to follow the entry and exit. I put my exit target the moment I put in the entry point. I have no stop loss preset, and I rarely take stop losses (yeah, whoever want to educate me on this, you can shut up now, and give me your education after following this thread for at least one month), but I do take stop loss when circumstance arise, very rarely though. I add on to losing positions at a preset price, but I might change the preset price based on market conditions and my reading of it. I might just cut the losing position.
I trade several accounts, capital ranging from 4k to 100k. Sometimes I will put in opposite positions in different accounts to offset the risk. I normally will exit both opposite positions profitably, the difference is the size of the profit.
Some background about myself. I started trading ES in 2007. On and off due to my other projects and traveling. I made some and lost some more. But now I think I have made it.
What I trade now: ES, YM, NQ, CL, GZ, RTY. I do not like any particular instrument, I size my trade based on the condition of the market. I trade very conservatively, i.e., in a 100k account, I typically trade one contract, sometimes two of each individual instrument. I normally will not over leverage to more than 5-6 contracts of these in such an account. I strive to achieve 15% per month.
The most fatal problem of any new trader is undercapitalized. However, if you are new, even if you have a lot of money in your account, you do not understand the potential risk of overleveraging, you will still kill yourself.
End of intro. New trade in next post when I get the time to put into my own account.
If a reader can check this thread once a day he or she should be able to follow the entry and exit. I put my exit target the moment I put in the entry point. I have no stop loss preset, and I rarely take stop losses (yeah, whoever want to educate me on this, you can shut up now, and give me your education after following this thread for at least one month), but I do take stop loss when circumstance arise, very rarely though. I add on to losing positions at a preset price, but I might change the preset price based on market conditions and my reading of it. I might just cut the losing position.
I trade several accounts, capital ranging from 4k to 100k. Sometimes I will put in opposite positions in different accounts to offset the risk. I normally will exit both opposite positions profitably, the difference is the size of the profit.
Some background about myself. I started trading ES in 2007. On and off due to my other projects and traveling. I made some and lost some more. But now I think I have made it.
What I trade now: ES, YM, NQ, CL, GZ, RTY. I do not like any particular instrument, I size my trade based on the condition of the market. I trade very conservatively, i.e., in a 100k account, I typically trade one contract, sometimes two of each individual instrument. I normally will not over leverage to more than 5-6 contracts of these in such an account. I strive to achieve 15% per month.
The most fatal problem of any new trader is undercapitalized. However, if you are new, even if you have a lot of money in your account, you do not understand the potential risk of overleveraging, you will still kill yourself.
End of intro. New trade in next post when I get the time to put into my own account.
