Andy's Day and Position Trading Journal

I was wondering why you were changing things around so much in the first place. Was it the result of testing? If so have the changes done what they were designed to do?
 
My trading results where going down the last few month. Actually I haven't "changed" anything regarding my method of entries. I just tried to find a more profitable way (after some back testing) regarding the risk and target. But this wasn't the case and I am not happy with the results. At the moment the Euro FX shows nice moves in the over night trading (morning in Europe) but is trading mainly in a range when the US market opens.

What to do as a trader? I just can not keep on doing what I have done. I decided to stop trading and to start paper trading until the results are getting better again. I also will try to implement the reversal trades into my trading plan. I traded the reversal trades about 1 1/2 years ago in ES and NQ and it worked quiet well. Let's see if I can make it work again.

In the meantime I am trading spreads (I will start with a new journal. Please have a look at "Andy's spread trading journal"). Fortunately I am very independent from day trading. It is just something additional.

Have all a nice holiday,

Andy
 
Quote from Jordan_Andy:

My trading results where going down the last few month. Actually I haven't "changed" anything regarding my method of entries. I just tried to find a more profitable way (after some back testing) regarding the risk and target. But this wasn't the case and I am not happy with the results. At the moment the Euro FX shows nice moves in the over night trading (morning in Europe) but is trading mainly in a range when the US market opens.

What to do as a trader? I just can not keep on doing what I have done. I decided to stop trading and to start paper trading until the results are getting better again. I also will try to implement the reversal trades into my trading plan. I traded the reversal trades about 1 1/2 years ago in ES and NQ and it worked quiet well. Let's see if I can make it work again.

In the meantime I am trading spreads (I will start with a new journal. Please have a look at "Andy's spread trading journal"). Fortunately I am very independent from day trading. It is just something additional.

Have all a nice holiday,

Andy
More...

Andy

I think you are making a huge error!

Stick with your plan, markets are always in flex and if you deviate all the time you will never have stability.

Discipline is key to success.

12 months ago the 10 year note was giving me 10k per week in profits.

The market changed and I tried to change with it.

Then it changed back again and through the whole process I lost a lot more then I should have trying to adapt.

The end result was a complete lack of confidence in my method even though it ended up working again.

:(

I joined your chat room this week because I have been interested in Joe's methods for sometime and I thought it would be interesting to watch you trade them.

Did I waste $49 .... :D
 
hallo Andy,

I think, Samson77 is right. Nothing against think about Riskmanagement, for example less initial Stop. But you have to trust in your way of Trading.

best regards Manfred
 
I hope Andy won't mind if I answer as well. I think that manni0805 and samson77 don't have great knowledge of Joe's methods, and, sorry for saying that, but knowing a little is worse than not knowing at all. In Joe Ross' methodology the management of ourselves comes before anything else. Also, since we can't change the market, the only thing we can change is ourselves and the way we trade, trying to make it fit the markets or looking for other markets. This is not a lack of confidence, but just a different way to read what comes in front of our eyes and act in accordance with it. What does a chameleon do out of its own ennvironment? It just changes its own color, not the ennvironment. Well, Andy is just following the method, modifying the rules in accordance with the swingy way these markets are behaving just now. Since for now this strategy doesn't look profitable he is only paper trading until it will work again, in full accordance with Joe's theories. :)
 
hallo alright,

I don´t want to discuss here - everybody has his own stile and has to decide, what to do, when he feels unconfortable with the trading.

But: I´ve read all books of JR several times - have a very good contakt to www.rosstrading.de and programmed the performancelist of USA/European equity letter for Karsten and Björn. Therefore, i went through all trades what Matthias v. Bergen and Björn Heidkamp did.

So, i think, I´m a little informed, what Joe Ross is doing.

best regards Manfred
 
I would like to know how to get the software on the German Joe
Ross trading site called "Ross Trading Analysis - ddu "

They have 1, 5 and 10-min screenshots on the site and they look
very interesting... :cool:

Looks like it can run off of IB's data and SC Magic for backfill.

I need to relearn my Deutsch so I can figure it out... :cool:

Looks like you can test it for 14 days... :cool:
 
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