Author Archives: Derivatives Trader

Sunday PM: 1st trade good. Wasn’t at computer for 2nd trade so wasn’t watching. Let +.4R turn into -.5R when it was clear it wasn’t moving in my direction. Monday AM: -.5R in SI. SFP took form but I didn’t wait for bar to close and more importantly, was too big so couldn’t put myContinue reading “Feb 3”

AM: +1R in GC. Inverse. Held till target. Perfect -.5R in CL: No real plan besides buying a pullback. Need to stop doing this. -1.1R in ES: Kept on adding and puked the bottom. 2R in next 5 mins. Exit earlier. There’s no reason for me to ride the wave down. If I see somethingContinue reading “Jan 31”

AM: -1.2R in ES overnight. I’m not trading at night overnights anymore. Simple, hard rule because I come into the next day not 100%, feeling the need to get back to 0 and forcing trades. -.3R in CL. Bad trade. I don’t have enough risk left in the day to take this +.6 in SI.Continue reading “Jan 30”

Finally a much needed win. Was patient and it payed off today. Lowered my stop and therefore will be decreasing the size of my units of risk (R). However, I will keep updating this using the same R so I give a clearer picture. Therefore, expect smaller wins and losses in terms of R untilContinue reading “Jan 29”

AM: 2 wins, 2 losses 1st trade: +2R Patient on entry, missed by 1 tick. When it came back to re-test, I chased the entry instead of waiting for it at my price. That’s a mistake. Good add when it showed weakness. Thought about holding till next level, which would’ve been 3.5R winner but justContinue reading “Jan 28”

Mistakes: Overtraded a ton. Had 3R profit from Sunday night and overnight trades closed. That’s an AMAZING day! Take that and just trade the close and you’re set Tried the same trade 4 times without any reason Many undefined trades Stupid ES loss at the close Too big without wide enough stops considering ATR Good:Continue reading “Jan 27”

This site will be here to document my journey to digging myself out of the hole I’ve put myself in over the past 3 weeks. Can’t believe I’ve managed to put myself in this position in such a short period of time. This is the start of the turnaround. Step 1: Stick to afternoon strategy.Continue reading “Getting out of a Hole”