My EA Journey – Week 1, Part 1 · InvestCEO with Kyle Henris

My EA Journey – Week 1, Part 1

So I took the plunge over the weekend and got my first EA.

I’ve gone through all the training videos and been practicing for a couple weeks and watching all the recent live trainings from Kyle and Aramis and learning a lot each time. Have I back tested and put together several practice runs to prove to myself that I can definitely pass an EA? – No. Do I think I have a good understanding of what I should be doing (define higher timeframe S/D zones, jump to lower timeframe and wait for confirmation, and only then define the entry point for a trade)? – Yes. I also had Kyle’s story of his first webinar rattling around in head, and question that kept coming up for me: How much more practice is enough, before I am willing to start investing $40/month into my day trading business? What more will it take to get off the bench and into the game? For me the answer was another 80% off EAs special.

My plan is to focus on NY morning session. Open up my tablet (trying to be inconspicuous at my day job) at 7:00 (EDT) to plan out the supply and demand zones for ES, NQ, GC, and CL. Then create 8 alerts and go about my day until those alerts go off. I’m hoping that my day job will allow me to monitor the 5m charts and execute the trade. I’m planning to keep my risk low and maybe catch 1 or 2 trades a day if they come my way. Time will tell if I’m disciplined enough to follow through.

I signed up on Sunday night and it took a bit to get the Tradovate account hooked up to Tradingview, but I did manage to get it setup. I immediately took a trade. Not to make my first profit, but rather to walk through the trade process with Tradovate. It was very low risk MES trade that happened to win and netted me about $8. Ok, good, I can actually execute a trade. Now, walk away, close the laptop and come back in the morning to start the journey.

I am planning to share the journey with the community: the good days, the bad days, trades that inch me closer to a PA, and those that teach me lessons and everything in between. Why? 3 reasons:

1) Accountability, there are now more than just my 2 eyes watching the progress.

2) Feedback from the community (hoping you will engage on the journey): Are you guys seeing the same opportunities I’m seeing? Am I missing opportunities? How can I improve my daily trading plans? How can I refine my entry points? . . .

3) Opportunities for us to learn together. If you find nuggets on wisdom in the discussions, take them. If I stumble along the way, learn from my missteps.

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