TRADING OIL CL JOURNAL

March 21st, 2018, 11:34 AM

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.

March 21st, 2018, 11:51 AM

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.

March 21st, 2018, 12:34 PM

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.

March 21st, 2018, 02:39 PM

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.

March 21st, 2018, 04:37 PM

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.

March 21st, 2018, 04:46 PM

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.

March 21st, 2018, 07:31 PM

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

March 22nd, 2018, 10:07 AM

Late post took a short @ 65.17, SL 65.47

Closed

Total: +60

March 22nd, 2018, 11:53 AM

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.

March 23rd, 2018, 09:16 AM

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

TRADING OIL CL JOURNAL

Discussion in Trading Journals

TRADING OIL CL JOURNAL