2016: From 5R to up

Weekly Update: Week 12/2016
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Weekly Result: +2.1R
Yearly Result: +6.4R
Number of trades: 3
Number of profitable trades: 3

Quiet week and I probably had some trading fear from last week big losses and didn't want to take too many positions. But it is natural I guess and volatility is decreasing anyway so maybe it is a good time to take less and stay longer in positions. And I did drop position size to three per cent per trade.

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Made a little daily profits statistical calculation and find out (daily R sums):

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Sample size is still small (147) and this really isn't a big surprise, I did see similar results in currency trading, too. But does anybody knows why is it like this? According to this it would be more profitable not to trade at all on Mondays.
 
Weekly Update: Week 13/2016
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Weekly Result: -1.8R
Yearly Result: +4.6R
Number of trades: 5
Number of profitable trades: 2

Quiet week.
 
Weekly Update: Week 14/2016
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Weekly Result: -0.6R
Yearly Result: +4.0R
Trend strategy (wins/total/result): 2/3/-0.1R
Mean-reverse strategy (wins/total/result): 3/6/-0.5R

Added mean-reversion strategy to my tool set. I use Bollinger Bands (200, 2) indicator in 5 minutes chart to help me subjectively determine suitable mean-reverse positions. An example position from previous Monday

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This second strategy should decrease maximum draw-down (strategy diversification) and hopefully makes daily trading more interesting by giving more options to choose from. And I hope it is a good way to adapt to these changing market conditions. However, it probably will also (and it did) confuse me because of indicated contrary positions at the same times.
 
Weekly Update: Week 15/2016
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Weekly Result: -2.5R
Yearly Result: +1.5R
Trend strategy (wins/total/result): 1/4/-1.6R
Mean-reverse strategy (wins/total/result): 2/5/-0.9R

Bad week. I have to do some research why these strategies are not working as expected. I will be back in a week or two.
 
You are probably the most legit trader I have seen post on this forum in a long time. You're results are very close to what real trading looks like. The fact that you have setups that you have discipline to wait for put you ahead of 90% of other traders.The only thing I would recommend is to be a little but more strict with money mangement and not martingale losses. Also possible if you could find a way to tighten your stop loss with the same profit target you can increase your risk reward per trade from 3R to 6R if your cut your stop loss in half (of course this requires some system building and is quite hard to do).

I trade ES and CL futures contracts. For ES I use an 8 tick stop and I try to capture moves between 40 and 160 ticks. This gives me a Risk reward of 5-20. Of course not every day bears a trade like this but I think the key to profitable trading is having a super high risk reward and a relatively decent winrate (25-40%).

All in all you're miles ahead of your competition in trading and if you are still trading 5 years after this was posted you are probably doing amazing by now. I'd like to hear how your results are now if you are still in the trading business.
 
TheTrader1997 said:
You are probably the most legit trader I have seen post on this forum in a long time. You're results are very close to what real trading looks like. The fact that you have setups that you have discipline to wait for put you ahead of 90% of other traders.The only thing I would recommend is to be a little but more strict with money mangement and not martingale losses. Also possible if you could find a way to tighten your stop loss with the same profit target you can increase your risk reward per trade from 3R to 6R if your cut your stop loss in half (of course this requires some system building and is quite hard to do).

I trade ES and CL futures contracts. For ES I use an 8 tick stop and I try to capture moves between 40 and 160 ticks. This gives me a Risk reward of 5-20. Of course not every day bears a trade like this but I think the key to profitable trading is having a super high risk reward and a relatively decent winrate (25-40%).

All in all you're miles ahead of your competition in trading and if you are still trading 5 years after this was posted you are probably doing amazing by now. I'd like to hear how your results are now if you are still in the trading business.
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Last seen jan,11 2019.
So still three years on ET after the last post. Might give you an idea about what happened...

TimBox75 said:
I keep journal here in ET too because I hope someday when my trading is not going very well someone will give me an advice that will make things better.. might be false hope but who knows..
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