Screw You Guys I'm Going Home

TST Trading Combine

Thursday: May 28th, 2015

Crude Oil Trading.

I believe I failed the $10K TST Trading Combine today. I think the Max Daily Loss was run as I look at my trading station which stands at 324.75 in the red. I fell for the old trap in trading … going after a specific dollar amount instead of just trading today.

I had a 1P on the table and I was within 6 ticks of passing the trading combine today … yes … 6 ticks was all I needed to pass it today.

I knew what I needed to make over $11K and I was gunning for that target. The market traded down to a low at time of trade to 5670 and my target was 5664 from an entry point of 5696 … 32 ticks which was 1.5P on the trading day … not too much to ask for but the market had other plans for me.

I really HATE the MAX DAILY LOSS of $300! It is WAY TOO LOW on the $10K TST Combine. This should be set at $500 Max Daily Loss and a total failure at $7,500.00 and not $9,000.00. In any case, I end up on this combine finishing UP $371.68 with an ending balance of $10,371.68 F’ing dollars.

I went to 1/2R against the Max Daily Loss, but this is not good enough against it.

Can 1/3R succeed? This is even lower than I like to have my R point at when it should be much closer to the FULL R (Risk) amount.

What I know about today is I found myself praying to God to get me 6 ticks to pass the $10K TST Trading Combine … this rarely if ever works out to my favor. Obviously, my channel to God isn’t good enough or it is disconnected because I can’t ever remember HIM answering my prayer positively when I go to my knees.

To be RIGHT and WRONG at the same time is so EXTREMELY FRUSTRATING as a trader. To know that my ROPE a DOPE Trading Method isn’t good enough against the Max Daily Loss is disappointing. When I have been successfully trading for 20 plus years of my life now. The first 5 were unsuccessful as a trader overall.

I really thought the $10K TST Trading Combine would be a breeze to pass. In fact, I had it beat with only 3 trading days in … then protection mode kicked in … instead of … maximize my profit mode … that I am normally in.

When I look over this combine I see I went over $11K in trading day 3 … and from that point I played the prevent defense against a hot offense when you know they will march the field and score to beat you.

I know what I like to do in my trading … but to be defeated at the game I love at this stage in my life is a little tough. I am not mad just disappointed that a few of my trading mistakes along the way cost me the trading combine.

It has been a learning experience … that is … learning how to not lose … instead of … learning how to manage my winners when they are on the table. If I feel like putting any trading charts up on the day I will post them later.

As Eric Cartman so eloquently says, “Screw you guys I’m going home!”

 

Kind Regards, Good Trading and God Bless,

David M. Knight
TradeCraze

P.S. CLPIT Method Chart:

 

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.