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Adventures in Oil Futures Trading - Demo to Millions! $$$
Good day, had some missed fills and my BE trade context was correct and went to targets, adding potential equity for the day of 50+ ticks. As usual I am frustrated, I see the potential of slight changes mostly to my trade management making huge differences in my results. Some will say why are you frustrated every day? Because I know I can do better, and it's what keeps me studying relentlessly, working hard, and striving for improvement. Never be content. I am being a little dramatic, even though I am frustrated I genuinely love the process of trying to "figure this out". Every day is a new puzzle I am trying to solve.
Can you help answer these questions from other members on NexusFi?
Poker session from Saturday night May 1st. This was a 2-5 No Limit Holdem game in Cheyenne. I initially bought in for $300, then had a couple of add ons and was in the game for $1100. Cashed out for $4200 after seven hours. A nice little $3,100 profit.
The day started slow and my first two trades were losses trying to get long then another BE long, then another loss long before catching a nice drop to take out the LOD for a big win. I missed a few other trades because I either wasn't comfortable or missed my fills. Two other trades identified and correct context going to targets for a minimum of +60. I was very tired today so also wasn't ideal. I need to get a little more sleep, my poker playing schedule is also completely opposite of trading. Generally I play cards from 6:30 to 1:30am three to four nights a week. I have been trying to leave early especially during the week if I am having a good session. Playing poker professionally for the last year has really improved my trading. It has solidified my thinking of how to maintain discipline, stay focused, and especially to continue to execute my edge even after losses. My video is very long today, over 30 minutes, I really like making the videos during the day and sometimes include my live trades. This adds another layer of accountability, I always have it in the back of my mind that if I screw up or execute poorly this will be documented in my live sessions. Can't wait for tomorrow.
HUGE OPPORTUNITY today! There was a lot of volatility and movement. I had one nice win, missed a few fills on good setups and got chopped up taking a bunch of small losses. This was an ideal day I just couldn't capitalize. I am still holding onto an old rule of not taking fades of high of day and low of day setups. This is somewhat valid, but what I realized today that if the HOD and LOD trades are supported by long term context there is nothing wrong with taking them. For instance today, price put in a high of day and I took two short trades, trades were valid, we were pushing into large volume untested supply and likely to be a reaction. A work in progress, still very optimistic but realizing that days like this, with commissions are basically break even. My video journal was long yesterday, but even longer today. If you are brave enough, I recommend watching it on 2x speed 🙂 Would love some feedback.
The wheels came off a bit today. I missed some solid trades and out of frustration started over trading and trying to play catch up. Back on track tomorrow, today is in the past.*
On my first win I made a mistake. On a quick flush higher my default 15 tick TP was hit and I hadn't moved it to my 30 tick target which was hit. But as they say, CLOSE only counts in horseshoes and hand grenades. The word has no business being used in this game. I have committed to striking the word from my vocabulary. I either take the trades or I don't, the targets are hit or they're not, and I make money or I lose. Period. Was a good day overall, read was solid, I executed well, and results were decent. I think I could have passed on a few questionable trades, a few I realized after the fact had multiple problems, trading into high ticks and short term trouble for example. I'm trying to keep my videos as short as possible but today again was nearly 27 minutes. It's difficult to talk through my thinking process, context read and execution of trades in 10 minutes. Thank you for your support, I'm very grateful for this community. MASSIVE OPPORTUNITY AWAITS!
I choked this one out for a +8 looking to hold bar highs to the left and it didn't. But the crucial level to hold was a high volume area put in before the break higher. This volume held on the pullback and moved to my 30 tick target. Eventually I will learn to stop doing this.
