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  1. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    This market is beyond nuts, but I am surviving. Some of my trades are mere seconds, yes. But most are probably just a few minutes in duration. At my core, I am a reversionary trader. All this chop right down my alley. I have been trading like this for 13 years, using the NYSE-tick (or a...
  2. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    Official report for Tuesday: $191 net. 15 trades. =$12.73 per trade or 25 ticks per trade. Getting close to $4,500....
  3. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    This is just the funniest thing ever, and relates to all social media and even my journal here at times, LOL Wait for it....
  4. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    Here is yesterday's official report: Net of $116 from 11 trades. = $10.5 per trade or 21 ticks on MNQ and MYM. I'd love to say that my trading is vastly improved if I am getting 21 ticks, but the true cause, as you know, is that the market is just highly volatile right now. My stop is...
  5. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    What do you do if you are in Z1 and at +2SD and you think the market is due for some down action? Of course you can trade it, just know it is a lower-probability setup than a the first longs into the zone. Keep a tighter stop, for example. Here is the graphic I am referring to:
  6. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    (from Ninja Trader) "5X Margin Increase for CME Equity Indices, Interest Rates & Energies. Due to the risk presented by significant market swings, intraday margins for the CME Equity Indices, Interest Rates and Energies have been increased 5X until further notice. Several CME Group markets...
  7. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    Here is the same chart with the BALANCE ZONE (Z2 and Z3) in yellow, the EXPANSION UP (Z1) in green, and the EXPANSION DOWN (Z4) in red. I hope this helps you see what I am seeing: What do you do if you are in Z1 and at +2SD and you think the market is due for some down action? Of course you...
  8. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    Considering the volatility in the market, I think now is a great time to discuss the union of 4 very powerful topics that have recently come together to help me not only survive but actually stay above the 2% growth line on this account: (1) Range Trading. Since the market is trading in a...
  9. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    Good entries and exits should be the goal of all traders on all time frames. I am familiar with MFE (maximum favorable excursion) and MAE (maximum adverse excursion). ETD (End of Trade Drawdown) is new to me, but looks great also. And you just gave me the impetus to check in with MultiCharts...
  10. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    Got Volatility? The market was down 8% from Friday's close at one point it seemed. I bet there are "one or two" bulls who are now brisket. Mmmm. Brisket. Bears love brisket. A friend of mine took ES long of the opening lows and did 30+ ES points on that first pop today with several full...
  11. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    . . . Proof that there are lots of different ways to look at the market and trading. Thanks. What do you think is sufficient margin for one micro in this current market and in last year's relatively much less-volatile market?
  12. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    I didn't feel like those shorts went heavily against me. My stop was at 40 ticks (-$20 per micro contract), and it was not breached on any of those trades. And I believe the market structure was a stall after a huge run up, so I expected some profit taking to come in near trade A and trade...
  13. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    I think I see what you are saying. I do see that the increase in volatility has a potentially huge positive upside. And with my 80% win rate and well-placed stops then, in a way, I am missing out by not taking advantage of this increase in volatility. It could be argued that if the volatility...
  14. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    The idea of scaling up is far from dead. And I am eager to resume. If the volatility doesn't slow down, then I may just assume this is the new normal and increase the contract size anyway. But I still argue that as long as I am above the 2% line, then this experiment is working out just fine...
  15. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    Indeed it is psychological. Well said. Unfortunately, I must take issue with your comments about adding size during periods of volatility. This is the most volatile environment we have had in quite a long time. Look at this! I will certainly be increasing my trading size in short order...
  16. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    Just yesterday I wrote that 260 people had been infected with coronavirus in the US. Today it is 346. ONE DAY. Brace yourselves everyone. If all else fails, TRADING from home should be a great way to keep the income going. Second, the compounding effect is in full force here... and...
  17. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    You are teasing me @jl1575. ;) A good friend of mine is trying to get me to try the ES. I may yet make that transition. I can see that the NQ and YM may not be able to absorb larger trades as well. The spread has been large this week on the comparable micros, but using limit orders in and...
  18. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    WOW, congrats on the gain!!! Did you end with week with a net of 104k or 250k? Either way, you rock. Personally, that kind of volatility would fry my brain. But I respect a lot of different styles.
  19. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    I will do my best to keep this up. Thanks.
  20. sstheo

    $2,000 to $200,000 in 2020 at 2.00% per day.

    Final report today and balance of last 4 days: $47 today.
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