usman88's journal

U

usman88

Ive been actively day trading crude oil for the past 2 years and passively trading stocks(on my local stock exchange). The purpose of this journal will be to track progress towards my monthly target, post calls, and invite discussion on technicals(ill be posting charts).

I am currently using Strategy Runner platform and account balance is $53,000. My aim is to earn $10,000 in this month which equates to roughly 19% return.

Ill start posting my trades from today
 
This is a more illustrative picture showing how the stops were moved. 1 lot was sold at 4520 with stop of 4555(high was 4545). Rationale was rally despite poor economic data. When technicals favored, short position was initiated.

I usually look for 20-40 ticks/cents but since this was way overbought I waited for 100 ticks
 

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At this point I have exceeded by daily target by 3 times however I will still be looking to buy 1/2 hours from close to benefit from weekend buying.
 
Quote from chuckybrown70:

nice. i will follow your journal, good luck.

u almost got stopped out with only 15 cents. was your stop hidden, just curious?
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Thanks

Yes I almost got stopped out when my stop was at 4505 and market touched 4500/01. No stop wasn't hidden. What makes you say that?
 
just curious. cause when i have stops they always seem to get taken out and then the stock heads back in the right direction. i guess just bad luck. i have been trading for only 3 months. it happens like 90% of the time when the price retraces. i have been using hidden stops lately.
 
Quote from usman88:

Stopped out. Bought again 2 lots at 4406 Stop 4390
More...

Exited at 4470 for 130 ticks profit. Bought 1 lot again at 4450.
Will post rationales later
 
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