YM Daily Trading Journal

Y

Yme

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I will be starting a daily trading journal. Updates will be made at the close of business.

I am a futures trader that focuses on trend and scalp trading the YM.

I will be trading only 1 contract and scaling up with time.

This is more of a gut check for me, comments are welcome.

:)

Thanks - Jeff Magers
 
March 10, 2011
Account:$2501
Market: YM
Contracts: 1 - 2
Daily Max Draw down: 3%
Daily Profit Target: 2%
Strategy: Simple trend following and some scalping
Chart: 16 Range bars
Indicators: MACD, RSI, Bollinger Bands, HLOD, Daily Pivots


Simulated Live:

Short 2 lots at the open 12080 +$100

Short 1 lot at the first retrace 12048 +$75

2% Profit target of $50 hit. Done trading for the day.

:) Happy Trader
 
Check cleared will be ready to go live next week.

Balance 2501

3/11/11 Simulated Live

Long one Lot at the open: 11885 Sold 11895 +50
Long one Lot at 1250: 11948 Sold 11956 +40

2% Target Surpassed for the day. Done trading.

Happy Trader:)
 
Cool.

How many months have you been on sim? Were you profitable? Do you have a thoroughly thought out , detailed, and tested plan?

Looking forward to reading,

Best Wishes
 
Thanks for the kind words.

I have been trading the eminis for several years but never with a plan. I alternate from live trading to sim trading a few times a year. Testing out strategies.

This time I have hard and fast rules and set ups. I will be slow but steady and consistent.

Jeff
 
March 14, 2011
Account:$2501
Market: YM
Contracts: 1
Daily Max Draw down: 3%
Daily Profit Target: 2%
Strategy: Simple trend following and some scalping
Chart: 16 Range bars
Indicators: MACD, RSI, Bollinger Bands, HLOD, Daily Pivots

First day of live trading.

10:37am Short at 11895 cover 11885 +$50

2% Profit target hit for the day. Done trading today.
 
Account:$2546
Market: YM
Contracts: 1
Daily Max Draw down: 3%
Daily Profit Target: 2%
Strategy: Simple trend following and some scalping
Chart: 16 Range bars
Indicators: MACD, RSI, Bollinger Bands, Daily Pivots

Live trading day 2

7:01am Long at 11687 Sold 11697 +$50

2% Profit target hit for the day. Done trading today.
 
Live trading day 3

Account:$2591
Market: YM
Contracts: 1
Max daily trades: 5
Daily Max Draw down: 3%
Daily Profit Target: 2%
Strategy: Simple trend following and some scalping
Chart: 16 Range bars
Indicators: MACD, RSI, Bollinger Bands, Daily Pivots

1 Short 11699 at BB Trend Cover 11714 at hard stop -75

2 Short 11725 at BB Trend Cover 11700 at BB break away +125

3 Short 11660 at BB trend Cover 11631 at BB break away +145

2% Profit target EXCEEDED for the day. Done trading today.

Gross PnL today:+195
Net PnL today: +180

Emotions ran high on trade 1, price slipped almost immediately.
Calm and collected on trades 2 and 3.


:D
 
Live trading day 4

Account:$2771
Market: YM
Contracts: 1
Max daily trades: 5
Daily Max Draw down: 3%
Daily Profit Target: 2%
Strategy: Simple trend following and some scalping
Chart: 16 Range bars
Indicators: MACD, RSI, Bollinger Bands, Daily Pivots

1 Short 11655 Cover 1165 - 100

2 Short 11673 Cover 11687 - 75

Should have stopped for the day. Loss > 3%

3 Buy 11697 Sell 11717 + 100

Recovered some losses but total losses > 3%

4 Buy 11723 Sell 11702 - 105

Over-trading at this point and shut platform down.

5 Sell 11705 Cover 11709 - 20

Hard Stop Triggered and locked out. Done trading for the day.

Gross PnL today:- 205
Net PnL today: -230

Trades 1,2 were impulse trades. Trade 3 was a set up. Trades 4,5 were impulse trades.
 
-275 trying out the TF....

Mistake

Will go back to original YM strategy and plan on Monday.

Have a good weekend.
 
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