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  #51 (permalink)
1 Minute Man
Las Vegas
 
Posts: 193 since Jun 2024
Thanks Given: 153
Thanks Received: 236


JMAL View Post
Date6/11/24



Live Yes SIM



Number of contracts per trade: 1 MES



Goal for the day: Two trades and stop, win or lose, look for multiple reasons to enter trades.

















End of day summary: Finished with trading early today, two successful trades.



First trade once again I hesitated on entry. Reason for taken the first trade, M pattern completed with a break of the trend line. Several retracements back to the retracement area. Expecting PA to reach larger M pattern resistance area. +5 ticks



Second trade, similar to 1st trade but with a better entry, after a break of trend line and return to Retracement area, neutral candle at trend line, 3 large empty CS to fill. +8 ticks.



Final thoughts: 2nd trade could have been a large runner had I not taken so much so early. Need to work getting more out of a trade.

Green Day nice!

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  #52 (permalink)
 
JMAL's Avatar
 JMAL 
Houston Texas
 
Experience: Beginner
Platform: NinjaTrader 7
Broker: NinjaTrader Brokerage
Trading: ES, MES
Posts: 152 since Jul 2014
Thanks Given: 108
Thanks Received: 156

Date 6/12/24

Live Yes SIM

Number of contracts per trade 1MES

Goal for the day Several big news events today, continue with 2 trades, work on entering earlier and runners.



End of day summary
Great disappointment with my trading today. Broke my 2-trade rule for starters, then broke my 2-point Stop rule. After the CPI news and the 40-point jump in the market I became bias with the market retracting and recovering the 40 points. I couldn't shake that bias all day, down to my last trade. I cannot understand how this or any market can continue higher with what is going on in this World! Oh well, what did I learn? Nothing is guaranteed, trade what you see, expect the market to continue higher for the foreseeable future.

Overall overlooking the rule infractions, I managed to make a profit of $5 bucks! I made 8 trades, 2 were at breakeven, 1 loss (-24 ticks), 5 winners (+31 ticks) total (+7 ticks)







Thoughts
I stayed with it all day with a couple breaks. Felt like I put a hard day in at the office. I let my bias affect my trading while breaking my rules. I can continue to work hard like this making multiple trades or make a couple smart trades early and enjoy the day, that is once I become profitable with the funds to trade.

Follow your Plan
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  #53 (permalink)
 
JMAL's Avatar
 JMAL 
Houston Texas
 
Experience: Beginner
Platform: NinjaTrader 7
Broker: NinjaTrader Brokerage
Trading: ES, MES
Posts: 152 since Jul 2014
Thanks Given: 108
Thanks Received: 156


Date 6/13/24

Live Yes SIM
Number of contracts per trade 1 MES

Goal for the day No limits, be smart! strive for lower entries, do not take more than 2-point loss on any trade!


End of day summary

Follow your Plan
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  #54 (permalink)
1 Minute Man
Las Vegas
 
Posts: 193 since Jun 2024
Thanks Given: 153
Thanks Received: 236


JMAL View Post
Date 6/13/24



Live Yes SIM

Number of contracts per trade 1 MES



Goal for the day No limits, be smart! strive for lower entries, do not take more than 2-point loss on any trade!





End of day summary

At least you noticed the bias. And eeked out some green without crazy risk! Keep at it

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  #55 (permalink)
 
JMAL's Avatar
 JMAL 
Houston Texas
 
Experience: Beginner
Platform: NinjaTrader 7
Broker: NinjaTrader Brokerage
Trading: ES, MES
Posts: 152 since Jul 2014
Thanks Given: 108
Thanks Received: 156

Continue from above

Date 6/13/24

Live Yes SIM

Number of contracts per trade 1 MES

Goal for the day










End of day summary Was unable to read the price action early, 5 losses 1 win. Took a couple hours break, returned to make 5 winning trades and on the last trade I let the price action touch an order entry while holding with left mouse and that cost me 3 points. Prior to that I had recovered half of the morning loss.

Going to take a break from journaling, I have been spending too much time at the computer posting and I feel it is affecting my trading.

Follow your Plan
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Last Updated on June 13, 2024


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