Search results

  1. P

    Quitting Trading

    At the risk of seeming blunt.....
  2. P

    Quitting Trading

    From the chart you posted it appears that if you sold at the close of the first red bar and covered at the close of the first green bar as the arrows indicate, you would have made your $200. Did you not make these trades?
  3. P

    Rookie Trader Journal - Advice Welcome

    Good for you my friend. You've survived round 1. It might be more helpful if you posted your charts showing entries and exits so those who have been interested in your efforts could reverse engineer the trades and come up with some recommendations that may be useful in the future. See you...
  4. P

    Rookie Trader Journal - Advice Welcome

    >>I think it's silly that Pivotas is is being so hard on you for losing. What is silly is continuing to trade in the same manner. For a system to be viable it not only needs to be theoretically profitable but it also needs to be executable. Assuming the system's rules are profitable, K...
  5. P

    Rookie Trader Journal - Advice Welcome

    K... As long as you seem to be so committed to punishment and self destruction, why not cut off a thumb or a finger for each day you screw up. That way after 7 or 8 occurances you won't be able to operate the mouse to place any more trades and you may still have some of that $50k left. But...
  6. P

    Rookie Trader Journal - Advice Welcome

    "I was starting to think my system was pretty decent" K... An opinion about when and in what direction and how far the market is going to move is nothing more than a wild ass guess and probably less accurate than a coin toss in correctly determining what entry decisions, if any, you...
  7. P

    Can I continue trading for living?

    Print this out and display prominently next to your monitor.
  8. P

    Rookie Trader Journal - Advice Welcome

    >>Today went much better, I learned from some of my mistakes this week took some smaller losses when the signals reversed on me. I took some bigger chances when the signals were better, and i traded less. Congratulations! >> After 6 days I am up $1965.40, but to be honest I'm not sure...
  9. P

    Rookie Trader Journal - Advice Welcome

    You need to think about why you like doing this.
  10. P

    Rookie Trader Journal - Advice Welcome

    What happens when you average down. From Wikipedia: "The beginning of the end occurred on January 16, 1995, when Leeson placed a short straddle in the Stock Exchange of Singapore and Tokyo stock exchanges, essentially betting that the Japanese stock market would not move significantly...
  11. P

    Rookie Trader Journal - Advice Welcome

    Without knowing what rules you use to enter a trade, what you use for a setup and a trigger, it is difficult to give you pertinent answer. Where I suggest you start is with the individual trades that were winners and represent what you envision as the kind of trade you are trying to make. Look...
  12. P

    Rookie Trader Journal - Advice Welcome

    My friend..... the worst thing that can happen to you...is happening. Twice you've been down more than you should have allowed and twice you have managed to work back to a slight profit. And, the second time by taking on considerable additional risk. You are conditioning yourself to accept...
  13. P

    Rookie Trader Journal - Advice Welcome

    Before you make your first trade, take $40K out of your IB account. When you burn up the $10K remaining, stop and re-think your decision to trade and question the methods that caused you to lose the $10K. If you want to go again, put in another $10K. Repeat the above until you figure it out or...
  14. P

    Daytrading! Part Deux

    strategy optimised with a 15 day look back:
  15. P

    Daytrading! Part Deux

    Thursday trades
  16. P

    Daytrading! Part Deux

    JTK... I converted your strategy into EL code to better understand some of the problems you were having. I optimized for profit, loss,breakeven, and the 2 ma's you were using for trend definition and entry. Below are pix showing the equity curve using the optimized settings for 1 contract only...
  17. P

    Daytrading! Part Deux

    JTK.... last point. With discretionary entry, which is what I do, you will always "sometimes be early". Because of this there is an element of uncertainty with each entry and each entryprice based stoploss, you will not know until after your stop is hit if you were just early or if the trend...
  18. P

    Daytrading! Part Deux

    JTK... To illustrate my point the below chart shows your 510 tick es chart with an 18 period ma. The indicator shows the high and low of each bar in relation to the ma. The white circles indicate those occasions in which the bar extreme corrected at least 1 es point over the 18 period ma...
  19. P

    Daytrading! Part Deux

    JTK.... this is what I've learned from looking at your charts/trades. 1. Most of your profitable trades occur when you enter after a minimum of 2 counter trend candles have completed. 2. Fewer losing trades occur when you respect the relationship of the Cyan to the Magenta moving...
Back
Top