Quote from austinp:
I finished this combine net profitable, but unsuccessful to qualify for review. There was never any question about ending profitable to some degree⦠just a matter of operating inside the combine limits or not. Profitable ending part was assured.
The trade management strategy I attempted from early on was to work from a rather fast setting chart for precision type entries using 2 and 3 contracts split across spread fills where it makes technical sense. Also, I attempted to trade pause-pullback entry fills around key S/R values.
That strategy to manage 5-lot and 10-lot size failed to work. In the sideways erratic nature of recent price action, the deliberate entry attempts at key S/R zones went unfilled as price blew thru and sailed away repeatedly. Also, the relatively fast charts didnât provide precision signals, they still got blown away on fill attempts or worse, chopped in sideways ranges.
Aug 9th began with $900+ peak equity early
Aug 12th began with $900+ peak equity early
Aug 13th began with $600+ peak equity early
Then each day proceeded to blow thru entry attempts unfilled, and or chopped trade attempts in between unfilled orders.
So the max drawdown was reached Aug 13th that negated review of this combine.
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At that time it was clear my initial strategy to work this program was incorrect on several fronts. P&L explained that to me quite clearly. So the adjustments I made were changing chart to slower relative setting (500 volume) and splitting orders 4-lot / 6-lot around fewer signals. I also went with 100% momentum breakout entries and nixed the pullback attempts which clearly do not work in explosive CL tapes at this present time.
End result of those simple adjustments was $9,000+ added from trough low draw to this morning prior to midday CL selloff dive. Had I traded further today into that signaled move, add $5,000 or more to end tally there.
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Iâll trade one more combine program, sometime in early September past Labor Day. Too busy with other tasks right now until then the way it stands tonight, subject to change. If I work with TST in that effort, will report here on a daily basis but if not, will report on a week-end basis each Friday.
I donât personally prefer to chronicle daily performance because it errantly places too much emphasis on each dayâs outcome which means nothing at all. Less than nothing, actually. I focus on weekly and monthly results. Focus on daily results will result in too much emotional angst for any trader, imo
But either way is fine and Iâll be sure to chronicle the process here (and elsewhere) from start and finish.
So thatâs how it went. Will be back with a 100k or 150k campaign in the manner described above. I like my chances very much of running the trade entry/orders in exact same mode that final three sessions were executed. Taking losses on 4-lots at -10 cent stops or taking profits on 10-lots for much more than that
enough sim talk.....i cannot find anywhere on your website how much real dollars you made in your trading career ,do you have besides sim trades and talk anything of substance ?
