+$502 | Day 3: PAYtience (Jobless Claims and PMI) | My Futures Trading Journey (+10%/Day)
Channel: MUNDY TRADES
Date: 2024-01-04

Journal Entry 3: Three days into the year and I’m over 100% profit. To say I am excited is an understatement. I titled day 3 PAYtience because I believe in my analysis but need to have better entries and wait for the A+ setups. They won’t always be right, hence risk management, but more importantly, I need to wait to see the set-up I’m looking for and not panic about missing out on trades. FOMO is something I know a lot of us traders struggle with but my fellow traders, remember, we are but small participants in the market. We only ride the wave of the institutions and take our piece. Be PAYtient, wait for the set-up you need and stay profitable. Till tomorrow.

Started a live account with NinjaTrader Brokerage. This is my personal journal to hold myself accountable for my trades. Let's see how far I can take it. Hope you enjoy this journey with me.

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Risk Disclosure

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.


Hypothetical Performance Disclosure

Hypothetical performance results have many inherent limitations, some described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program despite trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results all of which can adversely affect trading results.