SAMPLE ALERTS - PAPER TRADES FOR TESTING PURPOSES!
All Charts Include The Levels Below!
- 6:55 AM - Daily Pivot $2,718
- 6:55 AM Daily Pivot $71.71
- 6:54 AM Daily Pivot $1,289
The day started with nice opportunities to trade Oil and Standard & Poors from 7:30 AM to 8:30 or so. I was not at the computer and did not take those entries. Later, the first trade was successful going long Gold from Pivot to Pivot once the alerts gave the entry. Later, Shorted Oil and S&P and both were stopped out reaching my maximum allowed daily loss per my rules. -$480 ($120 per contract). So, at that time, I finished my journal notes and shut the computer down. These parameters are very tight for most traders, but I like to keep strick money management rules.
At the beggining of the week, I was still testing the calibration and was taking too many trades generating a huge amount of transactions and commissions fees. I will study every trade this weekend and check how many trades there were and how the $500 max loss per day rules (implemented since Thrursday) would have affected Monda to Wednesday trades.
THIS IS A MUST DO. WALK AWAY.