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

A little risk management saves a lot of fan cleaning!

The Purpose of Life is Joy!!

Saturday, August 10, 2019

Time flies

I've been having fun these last two and half months. Trading off and on, mostly off though as my day starts early and ends late most of the time. In general I have about 30-45 minutes to legitimate trading time in the morning which in all honesty, isn't really enough although I have gotten lucky a few times first thing in the morning.

Lately I've been toying with the idea of switching to forex swing trading. Smaller positions, hold a hell of a lot longer using daily and weekly charts, adding to the winners as they progress and trading CL in the morning only when a perfect set up happens which maybe once a week in my allotted trading hours and try to do that trade with near max size assuming risk allows.

I have a few days off at the end of the month and I will turn my attention to the forex thing and really consider it then.

On a side note about the "real" job, I am in the process of remaking an entire mortgage division in my image. I have great staff thats had no leadership in the last 3-4 years and they are excited to have someone with actual mortgage leadership skills at the helm and I am excited to be there with them. I have having fun at work which is more than most people can say!

Anyways, I will be back in a month or so with an update about forex and maybe some ideas about trading that instrument.


Tuesday, June 4, 2019

Change In Direction

Just when you think things are pretty well dialed in, things change. I have been working at a large national bank for the last two years and I thought I might retire from there in a few years but about three weeks ago, an opportunity presented itself to make a change.

I quit my job at the large bank and took a much better position at a small local financial institution making better money. It's a job I would do for free if I didn't need to feed my family!

I get to fix something that is broken and create something out of nothing. I love building and creating and I get to do this on someone else's dime!

So I have been focused on ramping up for this new opportunity and while I have traded off and on since then, it has been maybe only once or twice a week for the last three weeks. I haven't really had time for much. But I suspect this is getting ready to shift back to normal this week so we will see how it goes.

This was my trade from today. Roughly 53-54 ticks before commissions. I had a trade yesterday with similar results but I forgot to take a picture of it and I didn't have time to post.

Time to pack it in for the day. Lots to do. 

Monday, May 13, 2019

That's better

An odd day, I thought we might a bit of a pull back after the overnight run up and I did position short but it was right into gained support. I took that trade off with a small loser but I should have just reversed the trade.

Instead I took the pull back and it was very uncomfortable so I added to it on purpose to try to force myself to be in the moment and that made it worse. So I closed the trade for a small loss with double size.

Then with a clear head once more, re-took the trade and went to wake my daughter up. When I got back, my target of 78 ticks was filled and I looked like a hero. I fully expected that to happen but just not so fast. I was prepared to wait all morning if needed to let price work itself to that level.

I had seen the gap on the daily chart, and we were not that far away so I elected to stretch a bit and see if I could put on the trade and hold it long enough to reach it.

Overall, well done other than not seeing the longs in the first place but credit is due for being able to switch bias quickly enough to take advantage of it.

The only real thing I regret is taking off the first long as it was completely valid just super uncomfortable.

Friday, May 10, 2019

Slave labor

Slaves work might work for free but at least they get room and board. I got neither today.

Thursday, May 9, 2019

Head in ass day

I was having a little glitch in my platform, nothing major and I could have ignored it but I chose to try to fix it and then get tech support on the chat box whilst trading. Can you say DUMB ASS!!

The chart tells the tale. No need to make it worse by continuing.

I'm not sure why I am posting everyday. From once a month for nearly two years to every day? Hmmmm. Perhaps its the need to think out loud. Who knows. Oh well, I am learning to go with the flow and if the flow says to write, then I will write.