Cooltraderdude's TopstepTrader Combine (daily trade report and journal)

Quote from CoolTraderDude:

UPDATE:

3 winners 1 loser +$212.50...

I'm going to trade more today... Even if it blows up in my face...! :eek:

Cooltraderdude- I would not allow yourself to let it blow up. I can tell you that you are trading well thus far in relation to the heard. Keep a positive attitude and continue to work on yourself and recognizing what is working for you in the market day in and day out. This business is a grind, get into it and stay the course.

mp
 
Quote from MichaelPatak:

Cooltraderdude- I would not allow yourself to let it blow up. I can tell you that you are trading well thus far in relation to the heard. Keep a positive attitude and continue to work on yourself and recognizing what is working for you in the market day in and day out. This business is a grind, get into it and stay the course.

mp

:) Thanks Michael...

That's what it's all about... grinding it out... day in, day out... It's work and you have to treat it with respect... Because if you don't... It will blow up in your face.
 
Quote from CoolTraderDude:

:) Thanks Michael...

That's what it's all about... grinding it out... day in, day out... It's work and you have to treat it with respect... Because if you don't... It will blow up in your face.

Agreed. That one day you relax could wipe out weeks of work.

mp
 
Got a partial fill for 4 lots instead of 5 on my last trade...

7 winners, 1 loser... should be... 6 winners, 1 loser because the last 1 lot trade was part of another trade...

I'm up +$500...

This is an example of a day where things go your way pretty well...
 

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Quote from Maverick74:

Michael, can guys purchase the non reviewed practice account without becoming a member?

If you sign up for a Combine you can have a Practice Account along side but it will not generate trade reports. Only with a membership will the practice account then have trade reports.

mp
 
Quote from CoolTraderDude:

Got a partial fill for 4 lots instead of 5 on my last trade...

7 winners, 1 loser... should be... 6 winners, 1 loser because the last 1 lot trade was part of another trade...

I'm up +$500...

This is an example of a day where things go your way pretty well...

good job, watch apple and zb if you are looking for a reversal up. :)
 
Quote from Maverick74:

I would entertain the idea if another ET'er wants to jump in as well.

I began the 2 week trial today to get used to the order entry functions and build a basic layout.

At the end of the 2 weeks I am going to pay the $400 for the 150,000 20 day combine.

My screen name will be WorstTraderEVER.
 
No trades in the Combine account the last two sessions. Ranges have been tight each day. Good control and understanding of Market State.



Eventhough he didn't trade in his evaluation Combine, Cooltraderdude was ever-present both days. Tough day to take anything out of. Nicely done.
 
Quote from cygnetnoir:

Claude Shannon knew his edge. A day trader needs to know his edge as well.

Princeton Newport Partners did not blow up. It did shut itself down as a result of collateral damage form the Drexel/Milken case.

Comparing Princeton Newport to LTCM is like comparing Berkshire Hathaway to Madoff Investment Securities.

Princeton looked for real edges and used sound money management to exploit them. LCTM used what proved to be false mean reversion assumptions that followed from the partners random walk assumptions, and then martingaled all the way down.

I would agree with this assessment, don't want to sidetrack the thread. No flies on Mr Thorp, his net worth is around 800 million I believe, he was arbing stock warrants before alot of people were born here.
 
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