9/5/2019
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Realized gains:
GC: $731
MGC: $104
NG: $31
MNQ: $69
NQ: $55
===============
Total Realized Gains: $988
Thanks goodness today I'm back to more respectable stats.
I know @Overnight isn't gonna like this one. But I made most of my money in GC today. In fact, I could have 5x that amount easily. My most reliable setup appeared today. This setup doesn't appear very often but when it does it's like a 100% hit rate! But I chickened out and only did 1 lot. If I did 5 lots then it would have been $3500 easily in 5mins.
I didn't trade my bread-and-butter NG much today because it was really choppy. Yesterday I missed a HUGE RUN UP due to a meeting I had. I noticed that usually after a HUGE day the next day is a bit choppy. So I was cautious. Also this morning I had to take my kid to school and missed out on another bounce from the bottom. This morning I was supercautious because it was moving like 30 ticks in a few minutes. Not a smooth ride. The risk/reward wasn't there or you have to be super careful. Also, Thursdays are announcement days for NG. I had to be careful with it since I've been burnt by announcements volatility.
Then the rest of the day I had to attend to other things and didn't get a chance to trade.
It's OK. Good to learn to trade various instruments. Not just one.
Lesson: When your perfect set up appears, then really go for the juglar! Load it up and flip it out for the big gains! Another lesson is when you are on a roll then continue. Today I was batting a 1000. Not a single losing trade. Why was I so conservative? maybe that's why I'm batting a 1000... hehe.
Musings: I feel like I have all the elements to bang out thousands per day. But I need to break out of the Matrix and be more confident. Hopefully, September is the month I break out and really make what I should making given all the knowledge and experience. I shouldn't be afraid. I'm not talking about taking wreckless risks. I'm talking upping the size on well known edges. To play small when you know a particular edge has 70%-100% hit rate is playing it too safe and too suboptimally.
=============
Realized gains:
GC: $731
MGC: $104
NG: $31
MNQ: $69
NQ: $55
===============
Total Realized Gains: $988
Thanks goodness today I'm back to more respectable stats.
I know @Overnight isn't gonna like this one. But I made most of my money in GC today. In fact, I could have 5x that amount easily. My most reliable setup appeared today. This setup doesn't appear very often but when it does it's like a 100% hit rate! But I chickened out and only did 1 lot. If I did 5 lots then it would have been $3500 easily in 5mins.
I didn't trade my bread-and-butter NG much today because it was really choppy. Yesterday I missed a HUGE RUN UP due to a meeting I had. I noticed that usually after a HUGE day the next day is a bit choppy. So I was cautious. Also this morning I had to take my kid to school and missed out on another bounce from the bottom. This morning I was supercautious because it was moving like 30 ticks in a few minutes. Not a smooth ride. The risk/reward wasn't there or you have to be super careful. Also, Thursdays are announcement days for NG. I had to be careful with it since I've been burnt by announcements volatility.
Then the rest of the day I had to attend to other things and didn't get a chance to trade.
It's OK. Good to learn to trade various instruments. Not just one.
Lesson: When your perfect set up appears, then really go for the juglar! Load it up and flip it out for the big gains! Another lesson is when you are on a roll then continue. Today I was batting a 1000. Not a single losing trade. Why was I so conservative? maybe that's why I'm batting a 1000... hehe.
Musings: I feel like I have all the elements to bang out thousands per day. But I need to break out of the Matrix and be more confident. Hopefully, September is the month I break out and really make what I should making given all the knowledge and experience. I shouldn't be afraid. I'm not talking about taking wreckless risks. I'm talking upping the size on well known edges. To play small when you know a particular edge has 70%-100% hit rate is playing it too safe and too suboptimally.
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