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Getting ready to start a combine with Top Step Trader on Monday January 13th and
wanted to get this journal and thread up and running. I will be doing the 10 Day - $50k combine
where we can trade up to 5 cars, daily loss of $1,000 and a Profit Target of $3,500.
I also will be posting my Trade Plan and CL strategy either tonight or tomorrow
and will also be posting my trades during this combine.
I will try to keep posts brief yet at the same time be informative of my entries
as well as what the "voices" are whispering in my ear
during the trading day. (yes .. I hear voices ... )
This will actually be my 3rd combine attempt during the last 2 years ..
the previous were blown out, mostly due to operator error with that blasted T4 platform
that was available. I hated that platform so much that I discovered a strategy
to help me conquer that DOM and kick it's to the curb .
Fortunately, TST recently announced that Ninja is once again available
to trade with and I won't have to get beat up by that DOM again. Whew!
Again, in an attempt to keep things short quick and easy to follow .. and not bang out novels everyday .. i will keep my postings short.
That being said, I will be posting my trade plan, strategy and pics in a few following posts,
over the next few days before I start this combine on Monday.
Thanks in advance for following along if you dare or care ... and thanks for any comments you might be willing to share.
Ok so .... as promised, here is my trade plan along with pictures of the
actual "Set-Up" that I am looking for while trading in this combine.
I am using several indicators to help me put the market into context,
and will try to describe some of that in the next few posts hopefully
before Monday rolls around. I have a semi busy weekend but will try to
do the best I can to post more
So just got a call and have an opportunity to work on a tv or movie show driving a boat for the next 2 maybe 3 days. So I will be stalling out on starting this combine until Wednesday or Thursday. You see .... working these shows equals some easy cash in the pocket, and hey .. we are expecting some great weather the next few days here in So Cal. ... might as well get paid to sit on a boat and have some fun :-)
I will post some pics if there any worthy of taking .. or posting ... lol.
Okay so back from working a few 14+ hour days on the water doing a TV show. I was driving boats for them, stuff like camera boats, support boat, S/FX boats, water safety, general transportation to and from set to base camp. We had great weather especially for January. We are dubbing this month now as June-uary gotta go make the guaranteed money when you can eh??!!
Here area few pics of the flotilla of boats rafted up together and listening to the director give instruction , another of the camera boats with a techno crane on it that has a camera on the end of it, and a few of the picture boats.
Enjoy .... and then it's back to this comibne .. .let's get this thing rolling!!
So back to trading this combine ..... I didn't get home from working until 3:30 am Thrusday morning ... so I decided to sleep and not push it by trying to trade really tired.
Friday was day #1 for me.
I never really got any of my signals to enter into a trade. I saw a few places I would liked to have entered but they were not laid out in my plan for this combine. Hate to watch them go by . but yay for me on sticking to my plan!! I did recieve a few signals and or patterns to enter, but when putting price action and bigger time frames into context I decided it was best to sit back and wait for a better opportunity. i was also kinda sketchy about how volume had switched to the March contract and figured things might be a bit squirrelly ... not to mention Monday is a Holiday ... would the big boys be bailing out early to get a jump on a 3 day weekend? Glad I did sit out as I would have had 2 losers right off the bat. Context .... so important with this trading stuff.
So Friday ended up with zero trades for me. I am ok with that. I remember hearing a quote that was something like this " It is better to not be in a trade wishing you were .... than to be in a trade wishing you were not!"
Might sit Monday out with he combine as it is a holiday .. but will wait and see how it looks and decide as it is happening.
Here is a pic of yesterday Friday at the end of the day with some notes of why I sat out and never pulled the trigger.
Due to the Holiday, I sat out another day .... wow, I am really chomping at the bit here now to get this combine started. Tomorrow Tuesday should be the day barring anything crazy between now and the pit open.
Are there many traders on bigmiketrading who have passed the combine and are actively trading still? I would like to try a combine, but I want to make sure that there are some funded traders who have passed and who are still making money with tst. Any insight?