Now that I have your attention. This is a Technical Analysis Trend Acknowledgment system (T.A.T.As...for short ...LOL)
I have debated whether or not to make a Journal and I have decided to give it another try. I have never posted one on ET but I have on other forums. When I have in the past made attempts I noticed my emotions got the best of me in trying to be right and not following my system and my Journal was less successful than I expected even though my system is profitable when followed. So I will only be posting a few of the trades I see each day (until further notice) but I am more mature as a trader (and believe I can keep my emotions out of trading). I will try to show how trend trading can beat the market.
I will not be discussing too much in depth about my system any more than I have elsewhere on this forum. I will say that it is obviously a trend following system and as such does NOT predict tops or bottoms.
The account size is just over $100K. Typical trades allow for between 0.75% and 1.5% at risk on each trade with the most common size about 0.9%....rarely higher than 1% except in run away trends with no signs of slowing down when I raise my allowable risk to ~1.25% to 1.5%/trade. If not stated otherwise assume $800-$1000 is at risk on each trade (essentially fixed percent risk with some mild trader discretion as to amount).
Shares purchased = (Capital at risk)/(Entry Price - Stop Price)
As stated above assume Capital at risk = ~1% or so of total capital.
Most of my trades are based on EOD data so I will enter trades at night with Buy or Sell Stops in most cases. Occassionally I see trades that I think need to mature a bit more and may make a trade mid day based on market movement. I will try to post them here at the time or soon after trade is taken.
N54_Fan
I have debated whether or not to make a Journal and I have decided to give it another try. I have never posted one on ET but I have on other forums. When I have in the past made attempts I noticed my emotions got the best of me in trying to be right and not following my system and my Journal was less successful than I expected even though my system is profitable when followed. So I will only be posting a few of the trades I see each day (until further notice) but I am more mature as a trader (and believe I can keep my emotions out of trading). I will try to show how trend trading can beat the market.
I will not be discussing too much in depth about my system any more than I have elsewhere on this forum. I will say that it is obviously a trend following system and as such does NOT predict tops or bottoms.
The account size is just over $100K. Typical trades allow for between 0.75% and 1.5% at risk on each trade with the most common size about 0.9%....rarely higher than 1% except in run away trends with no signs of slowing down when I raise my allowable risk to ~1.25% to 1.5%/trade. If not stated otherwise assume $800-$1000 is at risk on each trade (essentially fixed percent risk with some mild trader discretion as to amount).
Shares purchased = (Capital at risk)/(Entry Price - Stop Price)
As stated above assume Capital at risk = ~1% or so of total capital.
Most of my trades are based on EOD data so I will enter trades at night with Buy or Sell Stops in most cases. Occassionally I see trades that I think need to mature a bit more and may make a trade mid day based on market movement. I will try to post them here at the time or soon after trade is taken.
N54_Fan
