I originally thought I’d be waiting a couple of days between trades, but plans change! Instead, I’ve decided to keep an eye on other futures contracts that fall within my trading zone. As long as the 4, 6, and 8-hour timeframes all line up, I’m ready to jump in.
For my second trade, I went in with 3 MES contracts. I ended up closing the trade early for a $280 profit. Could I have let it ride? Sure, I had my stop losses in place. But like I mentioned before, my main focus is passing this challenge on the first try and securing that funded account with a sweet 90/10 profit split after the first $10K. So yeah, I played it safe and locked in the win instead of risking getting stopped out while I slept. Slow and steady wins the race, right?
I also jumped into a trade on soybean futures. My trading zone setup is still in its early stages, so honestly, I’d feel like a hypocrite, or just plain scared, if I didn’t take this trade. The truth is, I have zero experience with commodities. None. But if my tool works as well as I believe it does, I should be able to trade anything, right?
At the end of the day, it’s not about the product, it’s about being able to break down price action into something I can understand and predict. If I can do that, it doesn’t matter if it’s soybeans, stocks, or space dust, I’m trading it. Let’s see how this one plays out!
