Do not: -Trade without a stop loss -Deviate from your rules -Trade if you can't give your plans & charts your undivided attention. -Look for reasons not to get in if your edge gives you an entry point, every moment is unique. -Give up. Keep trying ...

Make your Trading Taboos "Do not"

"If you trade with an approach that has a statistical edge and you follow it rigorously, like a casino, you cannot lose in the long term." I am a day-trader and sometimes a swing trader. I do have a statistical edge that I follow when I trade and I ...

The brutal truth of day trading

End of day Friday. Here are my trades for the week as I posted them while I was in it: YM & Crude Oil (Cl) Jan 19: YM (+20) 1st (+20) 2nd. PROFIT 40 ticks (+$200.00) Jan 19: YM. (+60) 1st. (+60) 2nd. PROFIT 120 Ticks (+$600) Jan 21: YM (+60) 1st ...

Trading Ym and Crude Oil - IRL

2 cl stops got hit at 84.94 (no loss)

Trading Ym and Crude Oil - IRL

Brought 2 crude oil stops to 84.94

Trading Ym and Crude Oil - IRL

Sold 2 crude oil @ 84.94 .....2 stops @85.31......1st limit @ 84.64....... 2nd limit @ 84.44

Trading Ym and Crude Oil - IRL

Crude oil. 2 stops hit at 84.35 (-41x2 = -82) -$820

Trading Ym and Crude Oil - IRL

2 cl sold @ 83.94....2 stops @ 84.35.....2 limits at 83.64

Trading Ym and Crude Oil - IRL

2 Crude oil stopped out @ 83.98 - no loss

Trading Ym and Crude Oil - IRL

Crude oil cl....brought 2 stops down to 83.98

Trading Ym and Crude Oil - IRL

Sold 2 crude oil @83.98 ...........2 stops@ 84.35.....2 [email protected]

Trading Ym and Crude Oil - IRL

2 ym hit limits +60x2 = +120 ticks (+$600)

Trading Ym and Crude Oil - IRL

Ym brought 2 stops down to 34602

Trading Ym and Crude Oil - IRL

Sold 2 ym @ 34602..........2 stops @ 34700.....2 limits @ 34542

Trading Ym and Crude Oil - IRL

Out 2 ym limits hit +60 ticks x 2 contracts = +120 ticks (+$600)

Trading Ym and Crude Oil - IRL

Brought 2 stops to 35208

Trading Ym and Crude Oil - IRL

Sorry stops 35218

Trading Ym and Crude Oil - IRL

Brought 2 stops to 25218

Trading Ym and Crude Oil - IRL

Brought 2 ym stops to 35228

Trading Ym and Crude Oil - IRL

Sold 2 ym @35228 ..........2 stops @ 35341.....2 limits @ 35168

Trading Ym and Crude Oil - IRL