Hit stop-loss:
Three MNGM5 contracts bought at an average price of 3.625667.
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:
Three MNGM5 contracts sold at an average price of 3.152333.
SL = 3.626
Total MNGM5 position is now short 3 contracts.
Stop-Loss for the entire position is now at 3.626.
TMT
Hit stop-loss:
Two MNGJ5 contracts sold at a price of 4.017.
I have come to accept that not all trades will pan out as expected. In fact, based on my system, a majority of the trades will not. This is the reality that traders live in – a world of uncertainty and the unexpected.
Checklist:
Was it a planned trade? Yes.
Did I stick by my rules? Yes. (I always limit my loss to 1R. Never more.)
Am I back to a calm state? Yes.
Mind reset… Done. On to the next trade.
TMT
New trade:
Two MNGJ5 contracts bought at a price of 4.552.
SL = 4.020
Total MNGJ5 position is now long 2 contracts.
Stop-Loss for the entire position is now at 4.020.
TMT
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
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
Position add:
Three MNGH5 contracts bought at a price of 3.998.
SL = 3.582
Total MNGH5 position is now long 7 contracts.
Stop-Loss for the entire position is now at 3.582.
TMT
New trade:
Four MNGH5 contracts bought at a price of 3.790.
SL = 3.420
Total MNGH5 position is now long 4 contracts.
Stop-Loss for the entire position is now at 3.420.
TMT
The Mechanical Trader 