Wow, what an Amazing Trading Day!

Hello Traders,

First of all, this goes to show you if you stay inside your trading plan, then you allow for good things to happen in your trading account.  Today was one of those trading days which only happen a few times a year.  The market moved to 10P profit target in a very short period of time when the market decided to move!

March 23rd, 2012:  200 Trades Chart

I was fortunate enough to be able to capture a 5P profit target on the trading day.  Today this meant 131 ticks on the trading day with Crude Oil.  This translates out to $1310.00 less $6 commission equaling $1,304.00.  Pretty awesome trading day as I am sitting here at Barnes and Noble typing this blog post out on Friday enjoying my cup of coffee.

March 23rd, 2012:  2000 Trades Chart

It took me a few minutes to figure out that I just went to my 1st STAB target after falling below $2,500.00 on the trading day yesterday.  (See the Blame Game post from yesterday’s trading.)  What a difference a day makes!  Yesterday, I was really tough on myself for allowing outside influences inside my head while I was trading.  I should have stopped trading a long time before I did, but I sat in front of my trading station pushing the button.

I allowed my trading to get away from me and I allowed my trading plan to fall to the ground, and because of my lack of discipline and self-control I had catapulted my trading loss to a much greater amount than it should have been.  After feeling sorry for myself, I decided to not dwell on it and move on … it is truly the only thing to do … and PROMISE to MYSELF to NEVER ALLOW this to HAPPEN AGAIN!

Plan Your Trade and TRADE your PLAN!!  We have all heard these words of wisdom, if you have been in trading for any amount of time.  But letting them SINK in … how long will you and I beat ourselves against the brick wall UNTIL we say enough is enough!!!

As a bonus today, I decided to include my trading video on the day.  It is less than 30 minutes long, so this means today’s trade from entry to exit was less than 30 minutes in length today!  These are the best days … much like as a golfer why do you come back … because you just birdied the last hole from 50 feet.

You may of double bogeyed the last hole, but this one you played correctly and were rewarded for your effort!

March 23rd, 2012 Video on Trading Day: (CLICK HD in Top RIGHT and ENLARGE VIDEO to see in full screen.)

 

In addition on the trading day, I was able to take my trading account back over the $3,750.00 mark, from yesterday’s post, I said I was going back to the 1st STAB amount.  My trading account finishes today at $3,792.00.  This means I will be wiring out $625.00 on Monday after I see the trading balance in my account and print it off as proof for you and myself.

 

Good Trading and Have A Blessed Weekend,

David ‘Tiger’ Knight

P.S.  We serve an AWESOME and MIGHTY GOD!!!

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.

  • Bob says:

    Awesome Dave!! I prayed a little for you this morning after reading yesterdays posting. I can relate to MUCH of what you said. Hopefully cooler heads will get you more days like this next week!

  • TradeCraze says:

    Thanks Bob! I hear you loud and clear. I appreciate the prayer.

    David

  • ttw says:

    Am I missing the P&L for today somewhere?

  • TradeCraze says:

    I have not added it to the blog. It will be on my next post.

    David