Futures Day Trading TopStepTrader

Day 5 TST 50K Trading Combine

Monday: October 19th, 2015

Day 5 TST 50K Trading Combine: Crude Oil Trading

CLPORT Method: Trade #1 Long 4661 at 8:20AM CST.

Coming in under the wire for the first trade entry this morning in Crude Oil trading. This trade did not breakout and I am back on the sidelines waiting for another trading opportunity. The CLPORT Method trade hit its stop loss this morning trade exit 4651 at 8:35AM CST.

Trade #2: RBV HVS 700 Long 4681 at 8:57AM CST … trade went to 1P and then took me out at Breakeven. Crude Oil Market looks like it may be setting up to move down now …

CL Charts:

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CL Charts: 4th Time Down and Through? (W.D. Gann Principle)

CL Charts: 4th Time Through Continuation downside profit target can go as low as 4512 today on Extreme Crude Oil Market Movement. This is where I have placed my Ultimate Profit Target on the trading day. I am looking for the Crude Oil Market to finally give up the ghost and go down now.

Overall today, I am down 8 ticks and too many trades. Tell me once again, why did I trade MONDAY? I don’t like Monday … so why did I trade it. I could have went positive on the trading day on many occasions … but I am looking for a big movement or at least a 2P move. We were only down or up during the trading day 1P and then reversing.

I HATE to Trade days like this!! And Monday is great for offering absolutely NOTHING of value to trade. I spent my energy today unproductively trading. I am a little worn out and its Monday!

In addition, I also feel like I wasted a combine trading day today with no momentum on a Monday. I have 5 trading days left to get over $3,000 profit … what I feel is that this combine is placing me at too much risk than the 30K trading combine overall.

What I mean by this, is I am taking on more risk than I need to trying to hit more than a single on the trading day. I have to hit more of at least a triple and homerun. This is what is adding some pressure on me.

I believe the best trading combine to work with is the $30K TST Trading Combine and stay within my comfort zone.

 

Good Trading and God Bless,

David M. Knight
TradeCraze

P.S. Day 5 TST 50K Trading Combine Summary:

 

About The Author

David M. Knight

I am a 30 Year Futures and Commodities Trading Veteran. In addition, I enjoy games of skill and chance like: poker, craps, blackjack and roulette. During my professional career, I have developed and implemented successful trading strategies and methods; along with winning systems in games of skill and chance. Join with me on our mutual journey together.