New Journal

[cmeitester]

021422 - 021722
One step forward, 3/4th step back
Still positive for the year
Had the first $500+ day today
Hopefully one of the swing trades will stick here soon

 

[cmeitester]

021822

 

[easymon1]

$500+ day today

What timeframe charts do you like to trade?
How much day-time do you want to spend day-trading?

 

[cmeitester]

For day trading I look at 5 minute charts.

I end up spending a lot of time during market open and at nights studying charts

 

[KGTrader4]

What’s your sell strategy?It looks like a lot of trades being sold for minuscule losses. Is that. Because it’s end of day and you want to go home flat? Or super tight stops? I’m guessing the latter?

 

[cmeitester]

Most of these are day trades and I am going home flat. The stops are not super tight when a trade is initiated, but I move them to super tight if it moves even a bit in my direction. I only want to take a full loss if a trade hits my entry and immediately reverses. Hoping to catch 1-2 that just take off in my direction and never come back to break even or worse.

 

[KGTrader4]

Most of these are day trades and I am going home flat. The stops are not super tight when a trade is initiated, but I move them to super tight if it moves even a bit in my direction. I only want to take a full loss if a trade hits my entry and immediately reverses. Hoping to catch 1-2 that just take off in my direction and never come back to break even or worse.

Thanks. That’s what I thought. In my original post I meant to say my guess is the former, not latter

 

[cmeitester]

022222

 

[KGTrader4]

Seems to me, the fact that you are about even since the beginning of the year in this environment shows solid, disciplined risk management.

 

[cmeitester]

Thanks KG. That's the only part of the process I can try to control.