Degenerate Trader

[MT4Nick]

I am a degenerate trader. I always use too much size. I never cut my losses. I enter trades by ignoring my strategy instead of following it. I will present my experimental trading strategy, as implemented by my partner/employee, and my trade journal to show my progress. This is my redemption from my degeneracy. I have to have my employee trade the strategy that we agreed upon because I simply cannot follow my rules. I have to make an effort to keep my hands off of the controls. This is my last chance for redemption. This time, I will confess my sins in advance of my fall and pray to avoid temptation.

A few months ago I developed a moving average crossover system for NQ on the 30 second chart. I've spent the past two years developing strategies and working with a team of traders that will allow me to execute the best strategy every day without excuses. I began trading "full-time" starting this week.

I believe it is possible to judge whether a trading system could perhaps have some validity on the basis of one calendar month of backtesting. This thread will keep a running P&L of every single trade and demonstrate the validity of my system via forward testing, I will commit to updating this thread for at least one calendar month.

Live trades are transacted on funded accounts (performance accounts) provided by Apex Trader Funding. After one month of live trading I will withdraw some of the profits and acquire additional funded accounts through Apex or another provider. The goal is to earn $200 per day per account so that after one month each account has around $5,000 in profit.

July 20, 2022:

 

[earth_imperator]

I'm sceptical of backtesting using real market data.
I rather think simulated data w/o ERs and news influence suits better.
But that's me. What do I know...

 

[MacBookProHo]

I am a degenerate trader.

The goal is to earn $200 per day per account so that after one month each account has around $5,000 in profit.

Literally.... everyone.... who opens a trading account at any brokerage is a degenerate trader,

Everyone has these fantasies in their of being able to print money from the market,
Everyone convinces themselves, and other people, that they truly have edge, skill, process and understanding -- when they truly got nothing,
Everyone truly believes they have found the Holy Grail, or a Holy Grail,
Everyone feels they are better than everyone else, and everyone else is so wrong and stupid and dumb and false,

Everyone 2022,

 

[Overnight]

I am a degenerate trader. I always use too much size. I never cut my losses. I enter trades by ignoring my strategy instead of following it. I will present my experimental trading strategy, as implemented by my partner/employee, and my trade journal to show my progress. This is my redemption from my degeneracy. I have to have my employee trade the strategy that we agreed upon because I simply cannot follow my rules. I have to make an effort to keep my hands off of the controls. This is my last chance for redemption. This time, I will confess my sins in advance of my fall and pray to avoid temptation.

A few months ago I developed a moving average crossover system for NQ on the 30 second chart. I've spent the past two years developing strategies and working with a team of traders that will allow me to execute the best strategy every day without excuses. I began trading "full-time" starting this week.

I believe it is possible to judge whether a trading system could perhaps have some validity on the basis of one calendar month of backtesting. This thread will keep a running P&L of every single trade and demonstrate the validity of my system via forward testing, I will commit to updating this thread for at least one calendar month.

Live trades are transacted on funded accounts (performance accounts) provided by Apex Trader Funding. After one month of live trading I will withdraw some of the profits and acquire additional funded accounts through Apex or another provider. The goal is to earn $200 per day per account so that after one month each account has around $5,000 in profit.

July 20, 2022:
View attachment 289824 View attachment 289825 View attachment 289826

-500 bux on your first day. Doing well, keep it up.

 

[easymon1]

Live trades are transacted on funded accounts

What's the starting balance of the account that you put in the hands of "The Executioner"?
Why not have a method to Pay The Executioner for each accurate execution in straight cash paid at EOD without fail.

Some form of negative stimulus should be enforced for Late Entries, Early Entries, Non-Authorized Entries (AKA MUT, Made Up Trades), etc. Since I'm a positive reinforcement kinda guy, Skinner boxes are out, so may I instead suggest a simple running total of Authorized vs Error trades posted on a whiteboard for god and everybody to see.

After a brief sampling period, you will arrive at a proper "Attaboy to Dammit" ratio. In business it generally hovers around 5 to 1 average. It takes 5 attaboys to iron out one Dammit, let us know.

I like the cut of your jib.

 

[Concinnity]

-500 bux on your first day. Doing well, keep it up.

What is the point of your negativity? I mean it's not even the negativity, it's the fact that you take it to the extreme level on almost every post, against almost every poster here. You just want or hope to add another layer against the average retail trader? Certainly not saying you should pump everyone up, tell them it's easy and that they will become rich. Obviously trading successfully particularly as your main source of income is incredibly difficult for most. I am just not sure it's necessary to be a huge ass to everyone either. But again what do I know.

 

[Overnight]

What is the point of your negativity? I mean it's not even the negativity, it's the fact that you take it to the extreme level on almost every post, against almost every poster here. You just want or hope to add another layer against the average retail trader? Certainly not saying you should pump everyone up, tell them it's easy and that they will become rich. Obviously trading successfully particularly as your main source of income is incredibly difficult for most. I am just not sure it's necessary to be a huge ass to everyone either. But again what do I know.

The guy fucking ASKED FOR IT, by TITLING HIS THREAD DEGENERATE TRADER!!!! OMG WHAT THE FLICK IS WRONG WITH YOU!!!

A single post trader starting a journal with degenerate trader? Seriously? How far is this journal going to go. WAKE UP!

 

[Concinnity]

The guy fucking ASKED FOR IT, by TITLING HIS THREAD DEGENERATE TRADER!!!! OMG WHAT THE FLICK IS WRONG WITH YOU!!!

A single post trader starting a journal with degenerate trader? Seriously? How far s this journal going to go. WAKE UP!

LOL. You know I am really as unbiased and objective as an individual can be. You're actually right, I didn't really think about the title, even though I read it. He clearly is asking for it with that title and you have every right to come down on him like you did.

I was wrong and incorrect one this one. I apologize.

EDIT: Not to mention the post count as well. You're right.

 

[MT4Nick]

Day 2 of trading

The market was choppy since the beginning of the US open (9:30 AM EST). The entries we made were almost all of the time caught in the consolidation of the candles and sudden reversals. The market did not have decent trends where we can make at least 50 points before reversing. The last trade made up for the earlier losses since the market could not just go on consolidation until end of day. Adjustments should be:

1. Case to case basis for length of time to stay in a trade that is starting to go against your bias.

2. Wait for much better set ups, market won't consolidate forever.

 

[MT4Nick]

We had considered to take the day off at -$300; I requested my employee to risk another $100 and so he ended the day at -$200. I had to step in to ensure that we increased our size on the last trade of the day, when the market finally started trending. I made some bold entries and it paid off. If my employee had continued trading, we would have probably ended the day at break-even.

These charts are messy, I would like to filter the accounts to show less text and clearly display the entry prices. I don't know how to do this.

The previous post had the wrong screenshot, I attached the right one here.