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10:33am MCL Short 80.05 | Exit 80.07 | Result -$2.00
10:34am MCL Short 80.17 | Exit 80.27 | Result -$10.00
10:37am MCL Short 80.32 | Exit 80.51 | Result -$19.00
10:43am MES Short 5118 | Exit 5128.25 | Result -$51.25
12:03pm MES Short 5125.75 | Exit 5128.75 | Result -$15.00
12:13pm MES Long 5128 | Exit 5128 | Result $0.00
12:22pm MES Short 5130.50 | Exit 5131.25 | Result -$3.75
12:25pm MES Short 5131.75 | Exit 5132.75 | Result -$5.00
12:28pm MES Short 5132.25 | Exit 5133.25 | Result -$5.00
12:43pm MES Short 5133.25 | Exit 5135.75 | -$12.50
12:50pm MES Short 5135.50| Exit 5137.25 | Result -$8.75
Realized loss for February fees not included -$122.75
Fees $421.39 ($285.36 went to the exchange)
I thought the results were pretty good for February. Excluding fees I almost broke even which is a success for me. I think this can be attributed to planning my downside risk for each trade before I open it on about 90% of my trades. The other 10% of my trades I let the losses get away from me, however, I was able to make myself close all of these runaway trades that went wrong. This was another success this month because I would hold a loss all day in some cases in the past.
Right now I am not worried about the taking profits aspect of my trading. I try to hold winners all day or until my will power runs out.
I was surprised how much I spent on exchange fees. The exchange fees were pretty expensive at almost $300 for the month. I plan on doing the same volume or more going forward. Those fees are just part of doing business.
Changed my data package from Sierra Chart to Nymex exchange only so I will only be trading energy going forward.
I also tried Ninjatrader brokerage for the first time. I had to see if I would like it since it seems like everybody has an account there. So far I'm not impressed no offense if you love it.
The Nymex markets and oil are particularly interesting to me. I enjoy following the fundamental stories of these markets. I like crude because I have some ideas of what it is.
Stock indexes have to many moving parts fundamentally and make my head spin. I find that I was only trading the MES because it's very popular and liquid and I was having fomo.
Looking forward to continuing to trading crude micro and possibly natural gas. I have to study nat gas and the volatility. It would be cool to trade but the contract may be too big for me. Maybe my broker will let me trade the nat gas micro or the mini.
Thanks for the question!
