This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

This will be my last post for awhile. I’m going into simulation mode to see if the system I currently use produces a positive expectancy under ideal circumstances. If not then I will look elsewhere. I made 5 trades today, and only one fit my criteria, and I exited it too early.

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

I got a late start today, and immediately started taking impulsive trades. I didn’t wait on one to setup properly, so I’m calling it a day. I know that some people believe that you should keep swinging, but if you’re not trading according to your system, you can do a ton of damage to your account and psyche. I’ll step up to the plate tomorrow.

Edit: right after I posted this, a short signal popped up. I have to leave for awhile, so my stop is set at the HOD. I may be late updating this post, but if oil makes new highs, then my losses will increase. However, this was a valid setup, and not impulsive. We’ll find out if it was correct.

I guess it wasn’t, but I would take the trade again. :-)

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

Oil was moving this morning, but I couldn’t find an entry point I liked. I ended the day with only two trades (NQ).

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

Grade: A

As I have said all week, the only criteria which I will judge myself is on the total number of trades. The last two days, I haven’t taken any impulsive trades - which is a plus. PnL isn’t my main concern right now.

Net Gain: $145.20

Edit: Next week I’m increasing my trade allowance to three per day. If I make an impulsive trade, I will put myself in trading time out!

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

Grade: F. I made four trades today, so I exceeded my limit by two. Right now I’m not as concerned with the PnL as I am with taking impulsive trades.

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

I made three trades today, so I will give myself an F. The last trade of the day was made on impulse, and that’s what I’m trying to correct.

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com