Hit stop-loss:
Eight MHGK5 contracts sold at a price of 5.052.
Initially, I was expectant of this copper trade, adding to my position as the price climbed higher. But it went too far, too fast. The price hit an intraday high of 5.374 on March 26, before descending promptly. I was stopped out.
My dream of a monster trend did not materialize.
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
Position added:
Two MGCM5 contracts bought at a price of 3141.4.
SL = 3067.2
Total MGCM5 position is now long 5 contracts.
Stop-Loss for the entire position is now at 3067.2.
TMT
New trade:
One ZWK5 contract sold at a price of 525.5.
SL = 551.0
Total ZWK5 position is now short 1 contract.
Stop-Loss for the entire position is now at 551.0.
TMT
Position add:
One MGCM5 contract bought at a price of 3104.0.
SL = 3028.6
Total MGCM5 position is now long 3 contracts.
Stop-Loss for the entire position is now at 3028.6.
TMT
Hit stop-loss:
Six 6MM5 contracts sold at a price of 0.04854.
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:
Three RSK5 contracts sold at a price of 600.8.
If you wonder how canola flowers look like, here is a picture:
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 SBK5 contract sold at a price of 18.98.
Sadly, my first sugar trade did not have a sweet ending (pun intended).
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
Position add:
Two MHGK5 contracts bought at a price of 5.3015.
SL = 5.0535
Total MHGK5 position is now long 8 contracts.
Stop-Loss for the entire position is now at 5.0535.
TMT
Position add:
Two MHGK5 contracts bought at a price of 5.17725.
SL = 4.9210
Total MHGK5 position is now long 6 contracts.
Stop-Loss for the entire position is now at 4.9210.
TMT
Hit stop-loss:
Three 6LK5 contracts sold at a price of 0.17345.
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
The Mechanical Trader 