Trader P/L 2011
- Thread starter d08
- Start date
-$621
Frustrating day, Was green this AM then things went south. Long setups failed miserably . Short setups per my rules just didn't show up today. Took 1 trade that was a a little bit over my risk rules on the 4 hour chart. Was a solid setup but ended up losing . Holding 1 oil long overnight until I get an exit signal.
Frustrating day, Was green this AM then things went south. Long setups failed miserably . Short setups per my rules just didn't show up today. Took 1 trade that was a a little bit over my risk rules on the 4 hour chart. Was a solid setup but ended up losing . Holding 1 oil long overnight until I get an exit signal.
Due to equal measures of popular request and personal desire of accomplishment, I started trading a $2,000 account balance two weeks ago using one (1) emini Russell 2000 contract (TF) per turn.
Nine sessions later the balance is $4,000+ from grind it out daily fashion. Some days were only one round turn, most two or three turns.
The broker I use permits day-trade margin of $500 per contract, so the survival rate before bust from here would now be thirty-five straight max loss stops at -$100 each with zero wins, before risk of ruin is reached.
I personally like our chances of that not happening before we achieve $10,000 and $20,000 balance and onward above.
From $5,000+ balance we'll turn two (2) contracts per trade until $10,000 balance is reached. Then we'll progress from there. But first things first... from $4,000 to $10,000 is our only focus right now.
See you next Friday with our weekly progress report
Nine sessions later the balance is $4,000+ from grind it out daily fashion. Some days were only one round turn, most two or three turns.
The broker I use permits day-trade margin of $500 per contract, so the survival rate before bust from here would now be thirty-five straight max loss stops at -$100 each with zero wins, before risk of ruin is reached.
I personally like our chances of that not happening before we achieve $10,000 and $20,000 balance and onward above.
From $5,000+ balance we'll turn two (2) contracts per trade until $10,000 balance is reached. Then we'll progress from there. But first things first... from $4,000 to $10,000 is our only focus right now.
See you next Friday with our weekly progress report