"In times of deceit, telling the truth is a revolutionary act"
....George Orwell

Keep Calm and Don't Move Your Stops.....

Saturday, September 17, 2016

Best laid plans

I went live and almost instantly my life went crazy. First of all, my dad is in the hospital again. This is his third week there. Should get out next week. He went in for heart related issues and they found some cancer in his pelvic area. More test on that soon. Along with that, a law firm hired me to do research on a mortgage backed securities fraud case from 2006 they are litigating. Its temporary but the work load is intense. I'm working 10-12 hours a day doing that along with my class schedule. Its killing me already. I'm to old for this crap! But its paying VERY well and I didn't want to turn down the money. Its only for three weeks so I can handle it. I'll make about 4 months of living expenses in these three weeks so its worth it for me.

All that means I haven't traded since the first day I went live. And I won't be until after the litigation project is over on the 27th. I'll probably take a few days to decompress before I hit it again.

So until then, cheers.

Friday, August 26, 2016

Went Live Today

I wasn't planning on trading this week due to finishing up a project for school that was occupying a lot of my time. However, I finished it yesterday so decided to begin my "new" trading career today.

Essentially I am embarking on a dual track, scalping ES for daily income and building wealth through CL trading trying to catch the larger moves on CL. For the moment, the CL trades will be few and far between as I concentrate on replacing the income from the "real job" I recently left behind. This looks like 2-4 points a day on ES using a tired but true scalping system. Don't ask about it, I'm somewhat embarrassed to show you anything about this system because it relies on indicators but it works so I'm going with it for now. There are no attempts to capture the "big moves" in ES just a piece of one of the legs each day. With any luck and some patience, I will be able to capture perhaps two legs a day depending on my schedule. I still have a full school schedule but I've rearranged my daily schedule to allow for some extended trading hours in the morning. We will see how that works next week.

As to my results, I made my first 3 points today in ES. Happy about that and moving into the weekend a winner, always a good thing for sure.

Tuesday, August 23, 2016


Its been a while since my last post. No trading since then. I've been occupied with my school work, getting my new trading system locked in place and dealing with some of my fathers health issues. This week I have a final due on Friday so will more than likely trade very little until next Monday. That said, I'm ready to get back to trading again!

Oh, and last week I pulled the plug on what hopefully was the last job I'll ever have. I cannot tell you the incredible feeling of walking away from something I hated. It was as if a huge load lifted off my shoulders and I could breathe again! So thankful that is over.

Onward and upward as they say!

Saturday, August 13, 2016

+2%....+4% for the year

Today's post is not really about the trading. I've not had much time for posting the last couple of weeks. I have a "real" job which incidentally I have come to loath with a white hot passion, I am in the final stages of earning my degree which I have no idea what to do with. Plus I am the taxi driver for my kiddo. All this keeps me pretty busy.

But and its a big but......

I am about 2 days from completely burning the real job bridge. I literally hate it. I thought I'd enjoy being back in the mortgage business but truth be told, I hated it from the first day and I've only grown to hate it more each day.

What led me to this decision is this.....the job is sucking the life out of me and I think I'm at a place where I can afford to live on my trading....not because I am a great trader but because I am ready to literally burn the bridge of thinking I am anything other than a trader. I'm ready to own the label. Its been my experience that until you burn the bridge of other options, there is very little success at any of the endeavors you are pursuing. The old Chinese proverb says, "man who chases two rabbits loses both." I'm tired of chasing anything other than excellence in trading.

I have about 16 years until I retire. Two things happened this week that helped push me over the edge.....1. One of my favorite authors has a new book all about finding and creating the life you want and 2. This week I listened to a podcast and a Netflix movie both featuring Tony Robbins. I used to think he was over-hyped, but he said a few things that resonated with me. All this started me thinking about what I could see myself doing for the next 16 years.....and it wasn't mortgage banking, something I'm good at but hate. I went through a mental inventory of all the requirements I have for income producing activities (I refuse to call it a job) and of the 8-10 things I came up with that I require, no single "job) filled all of them but trading came closest to all of them in some way. One of the main requirements I had was that I had to love what I do....and I love trading even though I sometimes hate it!!! So I chatted with my wife and we agreed, so its time to rock and roll

I am under capitalized. I know and understand the issues with this. I fully accept these limitations. I will be trading one or two lots most of the time....and I will trade both CL and ES. ES will be just for scalping, purely mechanical. I have a mechanical system for scalping 1-2 points a day on ES that I developed a long time ago, it still works, I just wanted to learn how to hit the big ones....so I quit the scalping game. Since ES doesn't move that much right now, scalping is fine on this instrument...I can live on scalping proceeds because my needs are fairly small.......and I will wait for the larger moves on CL to build capital and create wealth longer term.

Here are the charts from yesterday. 45ish ticks per lot on CL and 2 points on ES (not shown)

By the way, the yearly totals don't add up from the last post because I've had some wins since then that I didn't post.

Thursday, August 4, 2016

.00% for the day. -1.77% for the year

My CL trade trailed out with a small winner but not enough to really report here. I did a small ES trade in SIM which produced 3.25 points. Seems small but I know many ES traders would kill for 3.25 points a day. I am thinking of expanding the products traded to ES mostly to just scalp for a couple of points a day for income. I think I can do that while building my ability to read and understand MP and VP for longer term trades.

I only have the ES chart to show today.