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
New trade:
Three RSK5 contracts bought at a price of 677.8.
SL = 656.8
Total RSK5 position is now long 3 contracts.
Stop-Loss for the entire position is now at 656.8.
TMT
The Mechanical Trader 