2% per day!
- Thread starter TradStSOX
- Start date
Tiger,
unfortunately still manually
, working though on my Broker's totally undocumented and difficult API to hopefully get it automated in the next few weeks. Even, considering to put my trading on pause for a couple of weeks and take care of the API or alternatively change broker to one who has a documented API and as low a rates as I have now. I like NT but only expensive brokers carry that.
Anyhow, what I can tell you about my trading is many years of school of hard knocks and sevral blown account but the trick was keep the accounts within an affordable range so I cohld always come back and have go at it again(practice makes perfect).
You need the following to be successful:
1- A signal to enter a trade.
2- A signal to exit a trade.
Don't worry about the rest, once you have the above all the rest will be forced upon you, the likes of MM, disipline, patience no greed etc etc., the market is the best ever teacher of that and there is not a single soul out there trading who has not gone through that.
HTH
unfortunately still manually
, working though on my Broker's totally undocumented and difficult API to hopefully get it automated in the next few weeks. Even, considering to put my trading on pause for a couple of weeks and take care of the API or alternatively change broker to one who has a documented API and as low a rates as I have now. I like NT but only expensive brokers carry that.Anyhow, what I can tell you about my trading is many years of school of hard knocks and sevral blown account but the trick was keep the accounts within an affordable range so I cohld always come back and have go at it again(practice makes perfect).
You need the following to be successful:
1- A signal to enter a trade.
2- A signal to exit a trade.
Don't worry about the rest, once you have the above all the rest will be forced upon you, the likes of MM, disipline, patience no greed etc etc., the market is the best ever teacher of that and there is not a single soul out there trading who has not gone through that.
HTH
OP, you realize if your trading ES (which has ample liquidity) and your hitting whatever % average, It makes no sense to trade small. Once you have confidence in the method and it's a proven winning strategy, there's no benefit in trading small except perhaps some psychological comfort.
I don't know any professional traders who make a living trading small sizes regardless of their markets of choice. So, when you'e up to it, take that $100K and make your 1% each and every day and be happy. Also, you may want to rethink your anti-compounding money mangement. Do the math and you'll realize you're leaving a boatload of money on the table.
All the best to you and I hope you make it happen.
I don't know any professional traders who make a living trading small sizes regardless of their markets of choice. So, when you'e up to it, take that $100K and make your 1% each and every day and be happy. Also, you may want to rethink your anti-compounding money mangement. Do the math and you'll realize you're leaving a boatload of money on the table.
All the best to you and I hope you make it happen.
I give UP, no signals and not enough time for another on a late Fri. afternoon.!
Another day of making my broker happyâ¦I donât know if itâs me or the market?
Well, obviously â¦who else, not waiting out the maturation of my signals and over trading.
141 TRADES!!! +118(thankfully, it could have been worse).
For the week ~ +$907 which is exactly 1% average.
Have a great weekend all.
p.s.
yesterday final numbers was +50 or so, will post statement later.
this week 1 small losing days and 2 days with small gains.
Another day of making my broker happyâ¦I donât know if itâs me or the market?
Well, obviously â¦who else, not waiting out the maturation of my signals and over trading.
141 TRADES!!! +118(thankfully, it could have been worse).
For the week ~ +$907 which is exactly 1% average.
Have a great weekend all.
p.s.
yesterday final numbers was +50 or so, will post statement later.
this week 1 small losing days and 2 days with small gains.
It is not a secret at all! I have already mentioned that.
What is a secret, are my entry exit signals and the specific strategies I use.
To hedge ES/ER or any 2 instruments exclusively will not be successful. It, like naked trading has it's risk too and just as much.
Which do you short and why? Hence you must have a signal telling you where the market is headed and then one must know which instrument will lead? Very difficult! This part I have not mastered yet but, I use plain naked trading and most times back it with this kind of hedge, which will take part of the potential profit but create a hedge. Then both can work to your favor or both can work against you. So there is really no benefit in utilizing the hedge without a proper signal.
My signals are good but the timing cannot be 100%, hence what I do is if I get a short term signal opposite to my trade, then I hedge it and hope that it will go opposite to my trade and then take a short take profit when a reverse signal is issued and if it has gone far enough not only I didn't lose to the DD but can collect a profit too, otherwise I'll lose some on the hedge but I'm more comfortable since there is now a timing signal supporting my original trade.
Did I make that confusing enough
? I hope not, any case will be happy to answer specific question regarding the hedge/pair part.
Now, If I am short and see a short term reversal to the upside, I do not just hedge the short but if I go 5 contracts long, Iâll also execute 5 short at the same time too in addition to my short position already. Again, the trick is to select the hedge in a way that itâs bias would be towards the upside.
Well, OT HTH.
What is a secret, are my entry exit signals and the specific strategies I use.
To hedge ES/ER or any 2 instruments exclusively will not be successful. It, like naked trading has it's risk too and just as much.
Which do you short and why? Hence you must have a signal telling you where the market is headed and then one must know which instrument will lead? Very difficult! This part I have not mastered yet but, I use plain naked trading and most times back it with this kind of hedge, which will take part of the potential profit but create a hedge. Then both can work to your favor or both can work against you. So there is really no benefit in utilizing the hedge without a proper signal.
My signals are good but the timing cannot be 100%, hence what I do is if I get a short term signal opposite to my trade, then I hedge it and hope that it will go opposite to my trade and then take a short take profit when a reverse signal is issued and if it has gone far enough not only I didn't lose to the DD but can collect a profit too, otherwise I'll lose some on the hedge but I'm more comfortable since there is now a timing signal supporting my original trade.
Did I make that confusing enough
? I hope not, any case will be happy to answer specific question regarding the hedge/pair part.Now, If I am short and see a short term reversal to the upside, I do not just hedge the short but if I go 5 contracts long, Iâll also execute 5 short at the same time too in addition to my short position already. Again, the trick is to select the hedge in a way that itâs bias would be towards the upside.
Well, OT HTH.
TradStSOX
What are you paying now per round turn on the Emini S&P?
Also, how many contracts are you trading per trade with your $20,000 account?
Interesting thread, thank you for taking your time to keep it up.
NUTSNEAL
PS 2% per day definitely can be done. Although very very few are capable of doing it, some are!!! The key is controling the losses.
I found really detailed analysis of my P & L was very helpful.
I would really be interested in a P & L breakdown of a couple of your days. The day you had 113 or 125 trades with a small $50 or $125 profit and the day of your large loss. I would like to know the number and average amount of your winning and loosing trades on those two days.
Most people do not get to the point in their trading that they realize the market never beats anyone. The market only provides opportunity, the opportunity to make or loose money (beat yourself).
Thanks and Good Luck
NUTSNEAL