Traded today July 29th...
Netted $120.00 gain
Traded: CL, YM and ICE Brent Crude Oil
Total P&L since thread began: $71.00
NOTES:
**4 winning days in a row
**Was HUGE in the hole until HUGE ICE Brent Crude Oil trade "saved the day"
Only 1 Futures Daytrade per day: $200-$1,000 profit goal per day
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- Start date
Traded today July 29th...
Netted $120.00 gain
Traded: CL, YM and ICE Brent Crude Oil
Total P&L since thread began: $71.00
NOTES:
**4 winning days in a row
**Was HUGE in the hole until HUGE ICE Brent Crude Oil trade "saved the day"
Really love the point value and swings of the CL or ICE Brent Crude Oil...also seems best(or maybe great) trading opportunities are in the morning before 11:00AM New York time...
It's great that you are making profitable trades. But I have a problem.
Your thread title is about making 1 daytrade for $200-$1000 profit. The markets you are trading for the last few days have had very wide, and mostly one-way swings, yet you haven't been able to catch a significant portion of those moves. I haven't seen a profitable trade with even three digits left of a decimal point. Something is wrong, IMO. Serious.
I agree with you totally..I did make $120.00 total profit today trading...I am working on staying with the trades longer..but 4 winning days..all is cool..what have you been trading?thanks for your input..
something I am struggling with is this...if my first trade of the day is a losing trade...I usually "revenge" trade to get profits back...OR...second greatest struggle...having pretty good profits and then ...GOING for more but should have just booked profits...and end up losing for the day...
Question:anyone stuggle with the "first trade is a losing trade"...which leads to more losing trades...issue?
OR...lose more becuase trying to gain more?...
very thankful for my HUGE Brent trade today or would have been HUGE loss...I am trying to learn and "tweak" all these things...I want to get in my thinking..."Hey, a winning day of $5 is better than any losing day ever"...hence for me...4 wonderful winning days in a row...comments?
Question:anyone stuggle with the "first trade is a losing trade"...which leads to more losing trades...issue?
OR...lose more becuase trying to gain more?...
very thankful for my HUGE Brent trade today or would have been HUGE loss...I am trying to learn and "tweak" all these things...I want to get in my thinking..."Hey, a winning day of $5 is better than any losing day ever"...hence for me...4 wonderful winning days in a row...comments?
Because you focus on winning side instead of focus on controlling losing side. Then you strongly hate lose, lose is something you weren't prepared to accept. Somebody mentioned the below thinking concept in your CL thread:
True professionals are concerned about what they can lose while amateurs get excited about what they can make!! (iceman1).
So when you reverse your thinking to the above statement then you don't need to revenge for a single losing trade, you were already prepared to cope with that.
True professionals are concerned about what they can lose while amateurs get excited about what they can make!! (iceman1).
So when you reverse your thinking to the above statement then you don't need to revenge for a single losing trade, you were already prepared to cope with that.
thanks Eagle...seriously great advise...I think I am starting to learn this...honestly starting to learn this...what do you daytrade?
