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I would like to share my every day actions, as my trading journal here, two reasons 1) it benefits me to look back 2) helps others. I hope market god supports me to continue this for the whole trading community.
As all of my friends and trade families know that i have lost most of my evals and PA in prop firm just by one mistake : "Not cutting losses quickly, or not stopping the trade once i reach my daily loss".
So this month Feb, i am going to follow my plan and set below as goals
1) HIGH DISCIPLINE TRADING
2) SHOULD BE ABLE TO SURVIVE FOR NEXT DAY.
3) Passing evals overnight is NOT my goal. instead focus on "COMPOUND GAINS".
let me explain how it works, I follow my own plan, aim for $200 a day, continue as long as you hit your FIRST loss. as long as you are available for trading , and dont hit your loss, and follow your A+ setup, then aim for ur profit.
"available" -> meaning above is, I should not have meetings, or phone calls, or i should know next 30 min i have no disturbances => thats meaning of available. Otherwise strictly "DO NOT TRADE".
A+ Setup => i simply follow basic EMAs. on my chart below you can always see
9 ema => Yellow
20 ema => White
200 ema => Red.
Today performance:
My plays are:
=> market is trading above 200 ema, last 30 min is reversal bullish trend.
=> i waited for 9 ema pullback, and get 1 NQ and aim for atleast 4 points to 8 points.
=> always i have 30 ticks as stop, 60 ticks as PL. but i dont follow strictly the Stop and PL. i immediately move up as i see profit. and lock immediately i see $100 minimum.
=> my simple trading strategy is, aiming $100 in 5 different plays, easily we can get $500 profit.
See below picture, hope you like it.
Also dotted white lines is my ORB, thats also big support for me.
NQ-02022024-1min
More plays this month, i will post my excel performance here.
I have started 5 new APEX Evals. more i am going to start this week, i will be open and transparent here, i want to help the community , understand how the $200 a day helps to manage ur compound gains.
By following $200 a day, i should be able to reach $3000 passing goal by Feb 16, 2024. See below picture, the Target is set for 02/16/2024. Daily profit , goal is $200, but whatever i get max, will help to achieve my goal earlier. Remember, OVERTRADE will kill your account, and also u can pass eval, but you will struggle in PA if you DONT FOLLOW HIGH DISCIPLINE.
All the best, see you on my next journal on Feb 05 2024 eod.
To make it challenges more interesting, i have got into 20 Apex evals now, including the last ones.
I have taken similar strategy as i posted last day, the trending up, catching 9 ema pullback, and quickly lock profit $100.
Today is mostly account management day, as i have worked all 20 accounts to be in same closer acct balance.
I use Apex Copier, it messed up once, but be careful, Copier always tends to put you into bad state if things go wrong. It happens for sure for everyone who use copier.
so how you are going to react if it happens . i have a strategy work-on-most-affected-ones-first , so if that happens, i focus on messed-up ones first.
Clearly followed basic 9 ema pullback, though slowly grinding up nicely upwards. see below . Blue circle is my buy, and red circle is my sell. and white dotted line is orb bottom line.
yellow line: 9 ema
At end of the day performance:
Note: reset my starting date from today 2/5/2024.
Daily performance:
Overall account performance:
Note: finished Bulenox 2 evals.
Note: opened new OneUpTrading, and 16 evals today with apex.
I marked entry with blue circle. I wait for candles to come down to 9 ema as pullback, and wait for candle price touch 9 ema. Sometime I enter early as the uptrend makes market move upwards with small pullback. Remember 9 should be above 200.
Challenging day, Morning was CHOPPY, but afternoon session is GREAT TREND REVERSAL day.
Morning i failed one , i was trading one account 9.45 am EST, i did super duper old habit , came in, i went with 1 NQ started, then added 1 more, and i almost lost $300 . thats when i saw i felt FOMO, or kind of panic, so overtraded, instead of stopping for the day for that account.
Luckily it was not APEX copier, with 20 evals. It is OneUp trading account, and i lost OneUp eval with this experience.
So i took long break, until 2 PM Session.
Afternoon Session
Here is the whole magic started :
See below chart
Self explanatory, by looking at this chart. Just 9 ema i followed, and above 200 ema, it was great trades.
Today PNL
APEX Eval: $250 to $500 , due to the apex copier, i faced some shakeup today also. so be be safe everyone who use apex copier.
When i would reach my goal with current situation of my performance ?
Original Estimated Target Date: 2/20/2024
New Target date: 2/16/2024
Total days (estimated): 9 days to reach goal.
Daily estimated profit : $320 per day
Daily estimated loss: $250 to $500
Thank you so much for reading my journal.
Hope it helps everyone !!!
Today is the day, lot of fed speakers, and 1 PM EST 10 year bond , so i wanted to play early today and finish the day early.
it worked in the morning, though i tell you, again most difficult mrng , little choppy, but defintiely choppy first 30 min.
i played in two sessions today
9.40 AM EST to 10.10 AM EST
and
10.50 AM EST to 12 PM EST.
Session 1 : 9.40 AM EST to 10.10 AM EST
As you see, i played the bullish move, after 9 cross 20, and well above 200 ema.
I was late to the game, otherwise 9 cross 200 would be my best pet.
Session 2: 10.50 AM EST to 12 PM EST
The 10.50 AM EST the reversal started, and downtrending started, and i waited and i want 9 cross 20, then started shorted everytime 9 ema pullback happened.
