Hey Guys decided to not to do a journal on the Oneuptrader still doing that but i will do the 500 dollar to 5k challenge.
I am not doing anything crazy, trading 1 lots with a 10 dollar stop and 21 dollar target range. I wont have time to trade every day, but goal is 20-50 dollars a day. My simple trisk management plan is, 30 dollars max loss, first two trades are negative then im done for the day. Not trying to take more than 5 trades a day.
Today day 1
3 trades, both winners: 60 dollars after comission.
I chose to trade the MNQ because as you can see the market was correcting towards a extension long setup off a fib. Im bias towards the short side of the market. So i shorted it to the 50, smart would of been gone long at the 50 with a limit order, would of scored 80 bucks with only risking 10 dollars.
Not sure how to post the images of the trades, so i just saved them as files