Philip's Trading Journal

[PL]

Goal for Friday 2/13/09

Friday i will enter into a trade along with a stop. Stop is usually 2.5 to 3.5 ES points wide. Exit at target.

My R-multiple is below 1.0 (at .83 ish) but my win % is at 87%. This is why i am profitable. My edge is my entry. The scalper in me takes quick profits and misses out on the bulk of the run.

For Friday, i will enter into a trade and either i get stopped out or exit at target. I'm not allowed to close the position after entry for a quick scalp. I can move my stop to break even after a nice run up. In rare cases i'm allowed to put on a trailing stop.. i dont plan to do this tomorrow so i can work on being disciplined. Let the games begin.