tag:blogger.com,1999:blog-3438472851615548021Fri, 01 Nov 2024 06:29:59 +0000Trading futures for a living is a journey I set out on six months ago, with a little over four years trading equities under my belt with the latter part being consistently profitable. My aim in publishing this blog is two fold, first and foremost for my own reference and second, of course, others might learn something from my journey. I won't open comments for the moment, I need to focus entirely on developing my "edge" on the road to reaching consistent profitability.http://tradermc.blogspot.com/noreply@blogger.com (Unknown)Blogger9125tag:blogger.com,1999:blog-3438472851615548021.post-5814415885112740469Fri, 08 Apr 2011 05:40:00 +00002011-04-08T13:40:35.458+08:00Everybody’s An Expert : The New Yorker http://tradermc.blogspot.com/2011/04/prediction.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-3438472851615548021.post-5938418523510012750Wed, 22 Sep 2010 15:59:00 +00002010-09-27T18:15:44.907+08:00Prep today was minimal, after strong trend days looked to play offer bid offer range bound day, after last few weeks of strength there was more than likely going to be some differing opinions with downward bias most probable, aka profit taking.  Traded only the morning session of the ES.  Reasonable trades but too quick to take profits. http://tradermc.blogspot.com/2010/09/short-day.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-3438472851615548021.post-3881349106162939439Tue, 21 Sep 2010 15:59:00 +00002010-09-27T18:15:44.909+08:00Home and back to trading in SIM at last after a successful trip to the states to trade with the pros and alongside other traders. My initial goals are as per this post, to refine technique, decide on the key markets I will trade and establish a routine. Today's trades on the Euro. Market Prep Trades http://tradermc.blogspot.com/2010/09/real-work-begins.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-3438472851615548021.post-3834218540454422735Sun, 22 Aug 2010 21:02:00 +00002010-08-23T05:48:08.417+08:00I'll be trading real money this week with same size as in SIM, risking a maximum of 1% of capital on open trades.  Goals for this week, much as last week with a few changes. Daily market prep - improve on creating daily prep documentation and then implementing the scenerios. Get Bias right across multiple time frames then execute correctly in your timeframe = Edge! Exit stategy http://tradermc.blogspot.com/2010/08/weekly-goals.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-3438472851615548021.post-6077461526101649187Sun, 22 Aug 2010 20:28:00 +00002010-08-23T04:28:53.700+08:00It's been a busy month, planning and preparing for our family trip to Ireland for a wedding and my trip to Atlanta for the a two week trading workshop with Tzar Analytics.  Time has flown by.  Week one of the trading workshop is over and what a week!  Two trading rooms with nine traders in each under the keen eye of Alex and Davin, very successful prop. traders. Fantastic http://tradermc.blogspot.com/2010/08/atlanta-trading.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-3438472851615548021.post-6927752349247117588Sat, 24 Jul 2010 05:49:00 +00002010-07-24T14:06:57.092+08:00Unplanned family commitments and Protege course work have dominated the past two days which has meant I've spent less time on Sim trading than I had planned.  As a result I missed trades on Thursday and by the time I was on screen the market had been in trend all day, was against value highs and was close to the end of my day.  The Blue box shows one time I did get to be on screen laterhttp://tradermc.blogspot.com/2010/07/missed-opportunities.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-3438472851615548021.post-7923364272825180962Thu, 22 Jul 2010 08:20:00 +00002010-07-24T13:54:49.667+08:00Todays charts tell the story.  Risk management worked out well today. Improved my read on pattern sequences over yesterday but my market prep is still lacking, found myself going long into VAH / Offer Zone with little headroom, okay for a scalp but that's not my longer term objective, short bias was a higher probability from that location.  Remember, think in terms of Probabilities x http://tradermc.blogspot.com/2010/07/market-prep-and-probabilities.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-3438472851615548021.post-356907039538221622Wed, 21 Jul 2010 11:55:00 +00002010-07-21T19:58:42.861+08:00I've spent the past week putting together my new trading plan based on the excellent training and live trading sessions done last week with EL and the longer term course I am doing with Pride Educators. My plan calls for an incremental approach.  I'm starting out by trading single lot size, with a small risk/reward ratio.  The purpose is to learn the tradeable chart pattern sequences, http://tradermc.blogspot.com/2010/07/sim-trading.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-3438472851615548021.post-5368440040707957517Tue, 22 Jun 2010 07:48:00 +00002010-07-12T01:42:31.720+08:00I've added some key pages on the top right of the Blog.  I'll use these to gather together some key concepts and ideas for consideration in my business and trading plans and, any other important material I pick up along the way.http://tradermc.blogspot.com/2010/06/key-pages.htmlnoreply@blogger.com (Unknown)0