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Ohio USA
Posts: 65 since Jun 2013
Thanks Given: 23
Thanks Received: 64
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DATE: 10/11/2013
P-L: +$22.50
BALANCE: $50,665.00
DAY NOTES: FINAL DAY OF COMBINE.
Today’s goal was simple – get a profitable trade, take a few 1 tick losses. That would give me a profitable day (combine metric) + lower my time in trade (TIT) of my losing trades. While I accomplished this, I did get too cute for my own good in trying to lower my TIT. I decided to try to find the low in beans for my TIT lowering goal. Well, I got in the trade and in the blink of an eye, I lost 1 point on the trade and I only intended to lose 1 tick! I was quickly and abruptly reminded why I stopped trying to time lows and highs of the day. And also why I love trading breakouts on soybeans. For some reason, I wanted to play the low of the day and was promptly incorrect but took 4x the size of the loss I wanted on that trade as I had planned to take 2-3 more TIT lowering trades. At this point I just shut it down to make sure the day ended in profit and 2 quick, losing trades.
Overall the combine was decent but I clearly fell short too many days in executing the system. It’s very easy to say in hindsight, but I should have been able to pass all the combine requirements, including profit factor. But, that’s on me and only me. Soybeans and my trading methodology provided plenty of opportunities.
This journaling experience was great. I found it valuable to get my thoughts on paper and to be accountable in a public place. IMO TST should extend this indefinitely because the long-term impact can only improve traders. If the goal is to get people funded, a journaling discount incentive is 1 way to get there because it forces stubborn people like myself to really think about their trading day.
P-L from today:
TST stats, before today:
Note:
TST website shows my combine completed (before today's data is present) and my combine goes till 10/11. It says completed October 11th (today). So I'm not sure if their system is still out of whack due to the combine rule changes, but my combine was scheduled to end Oct 11th and I should have all metrics met for a rollover.
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