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Dow or Never


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  #1 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Nasdaq Futures
Posts: 405 since Oct 2021
Thanks Given: 771
Thanks Received: 400

I am starting this trading journal, to become consistent. I have noticed that the key to anything is consistency before you see results. This ironically is my trading demon. Whenever there is a drawdown I switch systems or timeframes. Whenever i get bored I switch instruments. Whenever I make a bit of money I oversize or chase volatility because its "easy money". I have been lured into the volatility of Nasdaq both MNQ and NQ looking at how much I could make, not acknowledging even the idea of the losses or the idea of consecutive losses. Holding myself accountable now and making this journey public with the promise that I will post every single day, weekends and holidays included. In these formative years of my trading career consistency is key. I have failed at being consistent with journaling in the past and there is a direct correlation between my lack of consistency in journaling and my lack of consistency in approach, so to create the accountability I seek and discipline I seek I will journal everyday. No more excuses.

Trading Style: Dow Jones Futures Day Trader
Trading Timeframe: 1 Minute Chart,1 Hour Chart, Daily Chart
Trading Indicators: 13 EMA & 34 EMA, TICK Index
Trading Risk: 30 Points= 1R, 1R is the max risk I am willing to take on any trade.
Trading Plan: 13 and 34 EMA 13(Red Line) 34(Blue line) =
LONG= When the 13 is above the 34 look for longs at the test of the averages or extreme reading on TICK index
SHORT= When 34 EMA is above the 13 EMA look for shorts at the test of the averages or extreme reading on TICK index


Also I will be livestreaming all my trades for accountability purposes and so I can review on weekends, will not have audio just Realtime of me trading

[yt]https://www.youtube.com/channel/UCke2ZoopCMurzVVH5pkPR9A[/yt]

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  #2 (permalink)
 
wavingman's Avatar
 wavingman 
Venice, Italy
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Rithmic
Trading: MNQ
Posts: 53 since Jun 2021
Thanks Given: 28
Thanks Received: 84

Following, good luck!

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  #3 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Nasdaq Futures
Posts: 405 since Oct 2021
Thanks Given: 771
Thanks Received: 400


Today I got caught up in some chop, I did have some positives.
Biggest Win As A PRO!: I hit my max daily loss limit and stopped for the day I did not try and make it back or revenge trade or sulk. I just accepted the losses on the day and moved on and I can live to fight another day. This is massive growth for me as a trader as i can now begin to actually trust myself that I am going to do what I say I am going to do when things are not working.
I decided to just Stick to a 1 Minute chart for execution.
I Changed my EMA to 20 and 50, just to slow me down a bit.
I am going to restrict my trading to the first 2.5 Hours of the trading day moving forward 9:30 AM EST - 12:00 PM EST Daily. I truly feel this will help me cultivate more focus and also Allow me to organize my trading business better.

Trading Summary on the Day
3 Trades
Trade 1 -1R
Trade 2: 0R Breakeven
Trade 3 -1R
(R= 30 TICKS MYM Dow Futures)
Chart 42924


Preformance 4292024


Preformance 4292024(2)


Trader Preformance 04292024


PA Preformance 042924

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  #4 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Nasdaq Futures
Posts: 405 since Oct 2021
Thanks Given: 771
Thanks Received: 400

No trades for me today. I got a late start to the day so just reflected on how I can efficiently specialize my dow futures trading, Will be back at tomorrow.

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