@Spooz Top 2 Mic check.
...And They Have a Plan. (Live.)
- Thread starter Overnight
- Start date
So I generate the summary for this weeks update, to continue from last entry, and I get this...
But that's simply not what happened. It doesn't jive because once again NT7's journaling system sux ass.
Remember that MYM long from 2 weeks ago? Well, God forbid you try to generate a journal and expect it to know what you entry date is, based on the exit data. Same old shit. Ninja's database was NOT cut out for swing trading.
Here's what really happened...
Didn't make any trades today as the action seemed squirrely. And sure enough, today was like the mirror opposite of yesterday. Yesterday, steady-state then drift up. Today, steady-state then drift down.
Totally flat now, not hanging onto something over the weekend with no relief bill being passed and those lazy bums going on a month-long vacation. Asia may not like that news on Sunday evening.
But that's simply not what happened. It doesn't jive because once again NT7's journaling system sux ass.
Remember that MYM long from 2 weeks ago? Well, God forbid you try to generate a journal and expect it to know what you entry date is, based on the exit data. Same old shit. Ninja's database was NOT cut out for swing trading.
Here's what really happened...
Didn't make any trades today as the action seemed squirrely. And sure enough, today was like the mirror opposite of yesterday. Yesterday, steady-state then drift up. Today, steady-state then drift down.
Totally flat now, not hanging onto something over the weekend with no relief bill being passed and those lazy bums going on a month-long vacation. Asia may not like that news on Sunday evening.
Continuing from last week...
A flat week.
On monday 8/10 I felt vindicated when I posted a loss, but recovered back in the green. Feeling that hubris, I decided to sit in front of the screen for a while and actually trade on Tuesday morning, 8/11. It happened to be one of the most volatile times all week to trade the NQ, and so lost a chunk. At the end of my "in-front-of-screen" trading I said fug it, load up a swing on Dec contract, and 24 hours later made it back. Yesterday I had the one trade for a measly 15 points.
So Tuesday was the suck, Wed I stopped trading after making back Tuesday's loss, and Thursday was mreh. And that Tuesday afternoon bomb drop has hit the Dow hard. Of course I went long at the top of the new swing range, so am in Long MYM at 28087 on another swing.
Good times...for my bollocks!
A flat week.
On monday 8/10 I felt vindicated when I posted a loss, but recovered back in the green. Feeling that hubris, I decided to sit in front of the screen for a while and actually trade on Tuesday morning, 8/11. It happened to be one of the most volatile times all week to trade the NQ, and so lost a chunk. At the end of my "in-front-of-screen" trading I said fug it, load up a swing on Dec contract, and 24 hours later made it back. Yesterday I had the one trade for a measly 15 points.
So Tuesday was the suck, Wed I stopped trading after making back Tuesday's loss, and Thursday was mreh. And that Tuesday afternoon bomb drop has hit the Dow hard. Of course I went long at the top of the new swing range, so am in Long MYM at 28087 on another swing.
Good times...for my bollocks!
Continuing from last week. Don't even want to talk about it. That fucking MYM trade I exited on Wed evening? Look where the YM is now. Talk about failing a plan! Oy!
Fucker all.
P.S. My previous post was a typo, the 28087 was 28027, as you can see. OMG, there I go talking about it! Ack!
Fucker all.
P.S. My previous post was a typo, the 28087 was 28027, as you can see. OMG, there I go talking about it! Ack!
MNQ is not volatile enough to make big profit, while your position size is almost 11k, you were mostly only able to make less than $30, which barely covers a big loss of $600 occasionally occurs. If one trades stocks with big volatility, $50+ should be expected mostly and the time to stay in the trades is usually seconds instead of minutes, 30+ trades may be made during a day.
NQ is one of the best futures for day trading.
its day range has been big (about 200 points ).
to earn more $, simply increase the quantity ( and vice versa)
many traders started with trading stocks.
later they migrate to trading other things like options / futures
i would not call 2% range enough volatility, but I respect your opinion, thank you for commenting.
MNQ volatility is exactly equal to NQ volatility. My ability, or lack thereof, to make significant money in the MNQ has nothing to do with the instrument itself. If you don't understand that, move along.
Continuing from last week...
Still working on those entries and targets, and figuring out how to properly range the instruments. When the ranges fluctuate the way they have been for the past few months, it is hard for me to adapt. The thought of trying to hold a swing in the NQ makes me ill as we keep punching through those all time highs, while the YM has yet to and feels more comfortable. But this weekend was certainly not the one to try it on YM, with the shake-up happening Sunday night with AAPL split and the shifting of components. Need to let that flesh out.
Look ma! I tried some shorting again!
Overnight sent me here and claimed this journal was brilliant. He apparently hasnt traded since 8.28. When he did trade the profits were weak. He also viciously ridiculed me and claimed he had nothing to learn from me.
What gives Overnight? Where is the part where I am supposed to be impressed by this trading journal?
What gives Overnight? Where is the part where I am supposed to be impressed by this trading journal?