I am gonna document my intraday ES (S&P E-Mini) trades for the next five days starting with Columbus Day. I have evolved to be a reversal trader although sometimes my reversal trade is actually a trend entry on a larger swing.
I will try to post my trades in real time but when the market moves quickly and requires my attention, I might post it late. Will I make money? I don't know... but I will post every trades even if I lose big. I am just gonna take as many trades as I can see or until I am too tired. I would appreciate comments at the end of the day but not during. If this journal proves to be too distracting, I will have to stop early.
As to how I trade, it is a combination of techniques derived on my own that I WILL NOT talk about because I have a family to take care. I am not half as good a person as Spidie. The method requires discretion and is difficult to backtest. I can lose my shirt when not trading it properly so there is quite a bit of risks.
I will use a stop of either 1 pt or 1.25 pt depending on my entry and the direction of the immediate trend. I will try to capture about 2 pt or more. To simplify decisions, I am very willing to risk all my profits and then some without tightening my stop because I am not very good with reentry.
Again this technique is not mature so I am still playing and improving it. However it is derived from my studies of many other techniques and watching market movements for some time now.
Being a little pretentious, I pray to all the Buddhas and Bodhisattvas for their blessings so that this poor stupid man who turns materialistic will rise again when the mud settles.
I will try to post my trades in real time but when the market moves quickly and requires my attention, I might post it late. Will I make money? I don't know... but I will post every trades even if I lose big. I am just gonna take as many trades as I can see or until I am too tired. I would appreciate comments at the end of the day but not during. If this journal proves to be too distracting, I will have to stop early.
As to how I trade, it is a combination of techniques derived on my own that I WILL NOT talk about because I have a family to take care. I am not half as good a person as Spidie. The method requires discretion and is difficult to backtest. I can lose my shirt when not trading it properly so there is quite a bit of risks.
I will use a stop of either 1 pt or 1.25 pt depending on my entry and the direction of the immediate trend. I will try to capture about 2 pt or more. To simplify decisions, I am very willing to risk all my profits and then some without tightening my stop because I am not very good with reentry.
Again this technique is not mature so I am still playing and improving it. However it is derived from my studies of many other techniques and watching market movements for some time now.
Being a little pretentious, I pray to all the Buddhas and Bodhisattvas for their blessings so that this poor stupid man who turns materialistic will rise again when the mud settles.