Since it's the first post about a trading day I'll just say few of my methodologies.
I'm trading mainly the YM now since I don't have enough to day trade stocks, usually a breakouts of support and resistance throughout the day, and I risk 10 pts each trade, to win at least 12 pts, unless I'm entering a scalping spree (happens in flat market).
Discipline is the key on my style of trading, and I've had a day where I lost 2000$ so it taught me a lot about taking my stops seriously.
Today I took only two trades, first one at about 9:40, took short YM 13531, since I believed the market is continuing the downtrend, which it didn't, and the market changed direction rapidly so I couldn't catch it at 10pts lose, so instead I catch it after 14 pts lose, and took long at 13549, which became the trade of the day for me, and it made me 54 pts gain so I decided not to trade more today, and keep discipline doing that, I "could" make more money today because the market made few more big trends, but I'm fine with not taking the trades since I've made enough money today, PNL 192$ (1 contract) after commissions.
This is a nice day for starting my blog, hope you guys enjoy, learn about what I do, and most of all have fun reading.
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