This journal documents my journey from being a consistent loser to where I am now.
Ive documented all my trades, my thoughts, my evaluations and the feedback from other traders on a near-daily basis. Im now at a stage that I hope my journal can help or inspire other traders.
The journal has become quite lengthy, so I feel a summary of the main events will be helpful.
Looking back, my journey is as follows:
(1) The notion that I must make drastic changes to my method
(2) Trading price levels
(3) Adding context
(4) Holding winners longer
(5) Trading 2 contracts in stead of 1
(6) Scaling in and out
(7) Focus on setups
(8) All-in and scale-out approach
(9) Trading setups in my Playbook only
(10) Switching to MES to reduce risk and allow better scaling
Page 1 8. You can see me consistently losing with my Brooks-style bar-pattern based method.
Page 8. Game changing feedback from Inletcap, the beginning of my turnaround. From here I start to trade from price levels instead of bar patterns: . The results are immediatly visible: within the first 2 weeks my first 5 points profit, then 9 points profit, then 12.5 points, etcetera.
Page 13. Starting to add context to my trading:
Page 13. Comparison of my 17 month struggle with bar pattern methods compared to 1 month of trading price levels:
Page 16. Very interesting discussion (read until post #165) on risk:
Page 21. Suggestion to keep a context log during trading:
Page 22. My first 20 point profit on 1 day :becky: :
Page 26. The March evaluation with the results of holding winners longer. Browse previous pages to see the day-by-day quest:
Page 35. Tipping point to trade range days:
Page 39. Start of trading 2 contracts:
Page 47. Webinar An Afternoon with GruttePier where I discuss my trading:
Page 57. Changing my scaling in&out due researching Inletcap s old journal and a must-read scaling discussion in the journal of Tap In:
Page 70. Moving to CL to escape from ES' low volatility+ranges and prevent myself from forcing trading due to eagerness
Page 77. My custom NT8 indicator for plotting the pricelevels:
Page 77. My custom NT8 indicator for plotting RVOL:
Page 82. How I analyse 120 min and P&F charts:
Page 85. My custom NT8 indicator for plotting the ADR:
Page 98. An analysis of various scaling in/out techniques on my trades this year and my decision for "scenario 3" scaling:
Page 122. Temporarilly job change does not allow me to trade live. Moving over to market replay:
Page 125. Start focussing on setups only, as a result of CWT podcast with Mike Bellafiore
Page 134. Explaining my trading method with examples of the setups: