'No Not Another Journal' Journal

Nice Journal.

It's ususally better to give the market time to settle.

I never try to trade within the first five minutes of the US Open on the Financials ... ever.
 
Quote from Chuck Krug:

maybe should have taken the break out above 1211.25
but wasn't sure because of the MA's
You have to specifically write down all of your rules for entering and exiting trades, as well as position sizing and money mangement.

This way you will know exactly when you are violating them ...

GL
 
Quote from MandelbrotSet:

You have to specifically write down all of your rules for entering and exiting trades, as well as position sizing and money mangement.

This way you will know exactly when you are violating them ...

GL

thanks for your interest
i don't have any rules myself
i just follow this method
http://www.trading-naked.com/FloorTraderMethod.htm
i just didn't take the trade because i thought the MA's were going to cross over, but they didn't
 
Quote from Chuck Krug:

looking to add a contract on the next pullback and move the stop up

hmm, my original position is under water now
but stop not hit
have an order in to add if we break to the upside of this pullback
at 1217.25
 
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