Hit stop-loss:
Seven MNGJ5 contracts sold at a price of 3.885286.
This is the last of my long positions. How fast the market has swung towards the other direction. It is one of those times when one has followed the procedure, yet the outcome is not as expected. Such is the nature of trading.
Checklist:
Was it a planned trade? Yes.
Did I stick by my rules? Yes.
Am I back to a calm state? Yes.
Mind reset… Done. On to the next 1,000 trades.
TMT
Hit stop-loss:
Four MGCJ5 contracts sold at a price of 2862.7.
This is getting tough emotionally. Need to go through the grind and come out on the other side…
Checklist:
Was it a planned trade? Yes.
Did I stick by my rules? Yes.
Am I back to a calm state? Yes.
Mind reset… Done. On to the next trade.
TMT
Hit stop-loss:
Six 6LJ5 contracts sold at a price of 0.1708.
Checklist:
Was it a planned trade? Yes.
Did I stick by my rules? Yes.
Am I back to a calm state? Yes.
Mind reset… Done. On to the next trade.
TMT
New trade:
Thirty-six METH5 contracts sold at a price of 2329.5.
SL = 2743.5
Total METH5 position is now short 36 contracts.
Stop-Loss for the entire position is now at 2743.5.
TMT
New trade:
One MBTH5 contract sold at a price of 86175.
SL = 94775
Total MBTH5 position is now short 1 contract.
Stop-Loss for the entire position is now at 94775.
TMT
Hit stop-loss:
Three RSK5 contracts sold at a price of 656.5.
It is amazing to see the canola prices fell vertically off a cliff, triggered my stop and then re-bounced. Another casualty of Trump’s tariff plan.
Well, at least I know my stop works.
Checklist:
Was it a planned trade? Yes.
Did I stick by my rules? Yes.
Am I back to a calm state? Yes.
Mind reset… Done. On to the next trade.
TMT
Hit stop-loss:
One ZCK5 contract sold at a price of 498.
The corn prices are getting volatile. It is good that I have a stop in place to limit the loss.
Checklist:
Was it a planned trade? Yes.
Did I stick by my rules? Yes.
Am I back to a calm state? Yes.
Mind reset… Done. On to the next trade.
TMT
Futures rollover:
Six 6LH5 contracts sold at a price of 0.17480.
Six 6LJ5 contracts bought at a price of 0.17405.
SL = 0.17080
Total 6LJ5 position is now long 6 contracts.
Stop-Loss for the entire position is now at 0.17080.
TMT
Futures rollover:
Seven MNGH5 contracts sold at a price of 4.378.
Seven MNGJ5 contracts bought at a price of 4.290.
SL = 3.886
Total MNGJ5 position is now long 7 contracts.
Stop-Loss for the entire position is now at 3.886.
TMT
Futures rollover:
One ZCH5 contract sold at a price of 497.5.
One ZCK5 contract bought at a price of 518.0.
SL = 498.0
The corn futures price rose and fell dramatically while I was sleeping. My May25 buy order was triggered at the peak, but I only closed the Mar25 position at the trough when I woke up. The timing can definitely be improved.
Note to Self:
Use IBKR Conditional Order to close the front month position when the price of the next month contract hits the traded price of my order. (There is a chance that my front month position is closed out while my next month contract order is still unfilled. But that possibility should be remote.)
Total ZCK5 position is now long 1 contract.
Stop-Loss for the entire position is now at 498.0.
TMT
The Mechanical Trader 