Live in the Moment - Carpe Diem

March 12th, 2012: Ending Trading Statement Balance

Hello Traders,

Yesterday, I was fortunately able to reach my 1st milestone, and I proclaim the first of many.  With God’s guiding influence, this will be a reality.  Recently, I have been taking a self-development course that has truly inspired me.  In fact, I have never stopped reading positive motivational stuff outside of my continuing education in trading.

March 12th, 2012:  Trading Statement

As the trading account shows, I reached $3,952.00 from the starting trading account balance of $2,510.00.  This is a total gain (unrealized) of $1,442.00 in trading operations.  With that being said, I requested a wire in the amount of $625 (realized gain) as planned in my trading plan and the previous post that went in greater detail of my STAB Method.  (see previous post for more details)

After the wire out and the wire fee to my trading account, I should be starting again around $3,307.00.  Once again, the next STAB I am looking to achieve is in the amount of $4,687.50.  LORD willing and the CREEK don’t rise it will be smooth sailing on the way to this next milestone.

Good Trading,

David “Tiger” Knight

P.S.  YouTube Video Series on the HVS Trading Stategy in Development

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.

  • John says:

    Tiger,

    Have always respected your views and I now I take my hat off to you.

    Well done!

    I really hope I can learn from your experience

    Regards,

    John

  • Bob says:

    Great news!! Every bit of good news helps nowadays and this is one that I like to see for you and your family!!

    Keep it going

  • David Nevin says:

    Well done David, great trading.

    Regards, David

  • TTW says:

    Great job posting the statements! Sharing the wins and more importantly the losses gains you mucho respect in my book.

  • Mark says:

    So im not really sure where to begin . You have over 200 hundred videos .When Ive watched a couple. I get lost and really dont understand whats going on. Do you have a suggestion of where to start or perhaps a book I could buy that is for beginners like myself.
    On a personal note, congratulations on your renewed dedication to God. I am a Christian. Im going through the same renewal.Its nice to know that God always there ,waiting,reminding, nudging. Grace is remarkable! You take care And say a quick prayer for me to stay on the path. Thanks , Mark

  • TradeCraze says:

    Mark,

    The trading strategy itself is still in development … but the basis of the trading strategy is part of a YouTube Series which is a clickable link on the P.S. of this original blog post.

    The book idea is a good one … I have been working on writing one … it’s a very time consuming process for me to get my ideas on paper. I would start with the current trading strategy. I will be adding an “education” part of this website which will go in much more detail on how I approach trading from the basics on up.

    Thanks for the post. I do this for the love of trading … and I am just a tad bit crazy … 🙂

    David

  • TradeCraze says:

    Thankso Mucho! 🙂

  • Yurpie says:

    I also hit my target late last week. Last time I hit my target was a month ago and I did not wire out the money and then had a 20% drawdown. Well I got back to the high watermark. I meant to wire out again, remembering what happened but I am on such a roll, I quickly got another $1,000 above my watermark.

    Then today I did a stock trade, I don’t know why, perhaps my ego just got too big. I hardly ever trade stocks so I don’t know why I did, I guess I have been winning so much recently that I thought I could just jump into any market and make money. Oh well, I got taken to the woodshed and lost $600. I am still $200 above my watermarket but I feel a sense of defeat rather than the positivity I felt when I broke my high watermark last week.

    I am a Buddhist and have not been mediating recently. I feel my ego is out of control and my thoughts have started to cloud my clear mind.

  • TradeCraze says:

    Yurpie,

    You made an excellent observation … I am glad you brought it up. I, too, just like you used to get caught up in trying for new trading account highs, and not taking money off the table when it was there. I was reading in one of Jesse Livermore’s books and he said, “until it’s in the bank it is not counted safe.”

    How very wise this statement had become in my personal trading … most likely just as it was to Jesse when he was trading actively back in the day. So, what I found out in my personal trading is by taking money off the table this relieves some of the pressure of trading to some degree for me. Try it! Make it one of your habits!

    Two of my favorite “ZEN” trading books are as follows:
    1. Zen In The Markets by Edward Allen Toppel
    2. The Way Of The Warrior Trader by Richard McCall

    Mediating before trading is part of my daily ritual, and I can understand how important this should be to any person. As I have stated on many occasions, traders can come from any walk of life, any religion, any race, any color, etc. It is truly a playing field now that does not discriminate. We ALL can win and lose as traders.

    I like to start my trading day off with a big glass of water, some light exercise, some positive affirmations, and (then a few minutes on my knees silently talking with God – my form of mediating). Shower, brush teeth, get dressed, and get ready for my day with my cup of coffee.

    I am a proponent of having a daily ritual before I ever sit down at my computer as mentioned above to commence any form of trading.

    I hope this is received warmly.

    David

  • Rick says:

    Rock and Roll Tman.
    Like always your TCB 😀