Search results

I've been in markets since early 2000. I kept a Journal here in 2011 named "Rol's Trading Journal" which somehow made it into the Hall of Fame thread. It was profitable, but also suffered big DD towards end of 2011. I guess I haven't learned much, LOL. I was also reminded in that journal not to...

It’s painful to write this, but yesterday I lost 10K while discretionary trading. I threw up to 10 to 20 Emini contracts at a time, thinking I could make huge gains. It all started out reasonably conservative while trading 1 Emini looking for trends and going long and short using bracket orders...

I am glad I allowed automation to exit during the recent dead cat bounce. Still within spitting distance of HWM. Up 3.22% for the year and SP500 down -5.80%. I just have to hang in there. My plan is to keep a core position in MES and MNQ and trade around that. When I see market tanking with...

Yeah my strategy has been struggling lately, so I am trying to adapt by betting smaller initially, and waiting for bigger pull backs. I haven't been adding to account so even a 50% drop is loss of profits and not principle. But it still hurts (not filthy rich ;) )

That sounds good on paper, but you really never know where the swing highs and lows will occur. I'm trying to beat buy and hold, because I'm worried markets could trade sideways for years to come.

Ha, Ha. That may be better title for the journal "Winging it in the Micros!"

I think all I can do is estimate slippage as an input in a backtest.

Thanks for the reminder Laissez Faire. Yes the market was forgiving this time. This should be a stark reminder of what can happen.

Here's where I stand for those who may be wondering. Account took a recent huge 50% DD, and then I rode it all the way back up to approach my high water mark. The upside is that I didn't get a margin call, LOL. Let's see if I can be more careful. Account value at market of $320,887 was...

Went ahead and took the strategy exit 1 on MES. Currently holding MNQ for the strategy exit 2.

And we have lift off! Holding these to the close. Trying to get back to my high water mark (And then some).

I need to avoid thinking "position trade" because it usually doesn't end well when I started it as a short term trade :wtf:. Otherwise large account quickly can become small account.

Hi Laissez Faire, Margin call is my disaster stop. I would sell just enough shares to meet margin (has happened before). Day in day out stop is indicator based, as they say, I think. I need to keep size small at least until markets have really, really, really, really, really… sold off Goal is...

I read the "Joining the cme gang journal", and looks like he blew up twice after steady run ups. I can see that happening to me if I don’t restrict contracts. If I blow up, I know it would be because I traded outside strategy. I actually feel like I did blow up recently with my 100K intraday...

Thanks heispark, I glanced it over, but will give it a thorough read when time permits. Yeah 112 MNQ contracts was over doing it. I took a 100k drawdown.

Looking at the daily chart, I'm seeing a test of support at 15600 that held. Also a decent oversold zone by my estimation. I might try to hold this a for a longer term swing trade.

Taking the loss yesterday allowed me to renter at a lower price. Lets get ready to rumba!

Hi NoahA, I think you have the gist of what I do. I was expecting a turn around at the open, as I have noticed that happening frequently. I had a fat finger moment though where I bought 55 MNQ contracts instead of 5. Luckily, it went immediately in my favor, so I held. I still took a 9K loss on...