danny6787 

I am having a terrible week so far lol and too be honest Ive been breaking my rules and just not clearly taking good trades. I feel like maybe I am trying too capture too much movement, usually my winners are 100 to 150 points, But I feel like I cant capture that many points often.

The most important thing about being a day trader is you have to be very very disciplined. I do it all the time too, and that's when I loose.

RacVi82 

The most important thing about being a day trader is you have to be very very disciplined. I do it all the time too, and that's when I loose.

I totally agree and I feel like I do have some issues with discipline and I have been working on it. I feel like Im trying to capture too much at once, and I look back at all the times that ill see that Im up 30 to 60 points then it will just reverse and stop me out.

Also in case anyone has been wondering my system is very simple. Volume profile & TPO profile, Fibs, and Elliotwave, I have a stochastic and RSI but its just a gauge for were Im at in the market. I would like to hear from some of you guys on what Ratio do you use for Risk Reward or CL I know every instrument is different.

I use Moving Avg, Volume aqnd Stoich and then do homeowrk on previous highs and lows. Looking for resitance and support. We're testing 65.5x right now.

I am proud of myself today I didnt trade at all, even though the move on oil was excellent in the direction I anticipated I just wanted to set back today.

It was a good day today And don't worry, the market will always be there but if you deplete your account you won't.

RacVi82 

It was a good day today And don't worry, the market will always be there but if you deplete your account you won't.

Yup that what I was telling myself tomorrow there is another trade waiting for me

Late post took a short @ 65.17, SL 65.47

Closed

Total: +60

I have decided that I am am going to take my risk down to 2:1 and stop trying to get these home runs, I realized that I have seen my position go to 40 to 60 points positive and then reverse and stopping me out. I have realized over the pst few months that the market is going to do whatever it wants to do. I have seen many very successful traders and they almost always have a 2:1 RR ratio. I also have realized that I do not need to capture the entire move just a portion.

Short @64.80 , SL @65.10
Closed and reversed
Buy @ 64.92

Position 1: -12

Position 2: closed @ $65.52

Total: +48

Not too bad for a friday could have done better but I didnt get good sleep