20% per month trading half of the time with a 75% winrate and under 1% drawdown

[ElectricSavant]

I need to ask yahoo finance to offer real time data on Futures as I need their three indicators in which two of them are unique. I subscribed to their premium service with their trial in search of a real time feed to no avail.

a 10 minute delay can throw a trade entry off now and then when the indicators are close. I am such a wuss....I will not trade if its not clear...especially live.

Es

P.S. The agreement of the three indicators is paramount as they indicate if I am to trade or not to trade at the moment of the open. You see many traders see the open price as a benchmark for the various trading systems that they use. The open is so important and sets the bias for the day thus far with my system..

 

[ElectricSavant]

Remember watch 9:30AM est to 4:00PM est...draw two vertical lines on your chart for the visual. Advanced traders can change these segments and spreadsheet their MFE and MAE. The trick set up is to constantly monitor as many segments as possible to catch the best segment (they change).

It is amazing that a reader can use a free chart and trade this thing thus far. Precision can be important but look at the bigger picture to trade comfortably.

Statistics, MAE and MFE is my comfort zone and not necessarily with precision as to avoid curve fitting..

ES

 

[wrbtrader]

I am ok wrb...just a little more grateful and humble. Just chalk it up to life experience.

ES

Yeah, I had a lot of that too in late 2016...more grateful and humble about life (literally).

wrbtrader

 

[ElectricSavant]

I am short today

 

[Handle123]

So is there like a protective stop today after Nass gone 200 points ?

I have forgotten name of the dude who had a decent system you got in at open, he worked for IBM from 1950's- to 1980s and was trading Big S&P at the time of 1985, he lived in Ct.

 

[murray t turtle]

If you do not have tail risk protection, your expected value is zero.


https://www.bloomberg.com/news/videos/2016-05-12/nassim-taleb-on-the-importance-of-probability

I agree with him/Prof on considering probabilities;
but not this higher ed [LOL] theory on if enough monkeys type enough -they can do Shakesphere.LOL, 20% per month OK; if you can do that 10 years, make sure you let us know about year 7.77, or 7.5 years.Thanks

 

[ElectricSavant]

P & L graph for trading 1 micro.

 

[tiddlywinks]

WTH happened to the 7.5% MAX (daily) loss and the 1% overall drawdown?

Without an X-axis, it looks like a 25%-plus loss over one day! Maybe more, but can't tell.
I gave you your plan previously, but not your method(s).

 

[ElectricSavant]

this is profit above and beyond $6,500.00. I do not think I need to size it more do you? Perhaps one micro per 25k would be best as there is no hedge.

WTH happened to the 7.5% MAX (daily) loss and the 1% overall drawdown?

Without an X-axis, it looks like a 25%-plus loss over one day! Maybe more, but can't tell.
I gave you your plan previously, but not your method(s).

 

[galvinlee888]

Remember watch 9:30AM est to 4:00PM est...draw two vertical lines on your chart for the visual. Advanced traders can change these segments and spreadsheet their MFE and MAE. The trick set up is to constantly monitor as many segments as possible to catch the best segment (they change).

It is amazing that a reader can use a free chart and trade this thing thus far. Precision can be important but look at the bigger picture to trade comfortably.

Statistics, MAE and MFE is my comfort zone and not necessarily with precision as to avoid curve fitting..

ES

What is MFE and MAE?