It looked like the perfect counter trend trade!

Mik618 

Why did you do this?

blackgrey45 

Put on one trade in the MES. It was counter trend during the last 3 hours of the market.

(Side joke)

Funny thing is, if you sell your 'system' and we trade reverse of your entries, that alone is also a proven successful system.

I used mental stops today and reduced my losses significantly. I even had a couple of good trades.

Got stopped out of every trade today so no big winners. Traded all MES.

Had one awesome trade in MES. Added contracts on the way up. Exited for a nice profit.

Another week begins and I will touch on my trading plans.
>For entries I will buy weakness and sell strength.
>For exits I will determine a suitable stop loss and exit the trade when my stop loss is hit. The stop loss will likely be 3-10 ticks. For winning trades I will implement a trailing stop. If the trailing stop is not triggered I will hold the trade until the end of the day. Further more, for winning trades I will add contracts as the winning trade moves further into profit. For instance, if a winning trade is 40-50 ticks into profit I will add a contract.
>For markets I will trade the MCL, MES, and M6E

Have a great week everyone, I will be posting my results at the end of every trading day.

Traded the majority of my trades in MCL with a few contracts of the M6E sprinkled in. No big winners today though.

Just remember: EMicro trades incur approx. 300-400% the commish and fees of the regular EMini contract.....for the same leverage.

syswizard 

Just remember: EMicro trades incur approx. 300-400% the commish and fees of the regular EMini contract.....for the same leverage.

I like your journal 😊

I do have some thoughts but I'll keep them to myself except to say you do need outsized winners for that strategy and I wonder what your strategy for locking those in is?

Other than that I really think you are far ahead of most people I see at your level.

I also like you spreadsheets at the end of day. I'm gonna do that 👍

Keep up the good work 😊

28 total trades, most were in the MCL. I let a couple trades get away from me with a couple $30+ losses. I have to say I really like where oil is trading but I think it could dip into the 70s.