Joining the CME gang

[syswizard]

I'm DONE with nq index trading.. 6 months of consecutive profit and ill blow it all up in a week.. greed.. over confidence.. done with it.. also sick and tired of sitting infront of a fucking monitor and stressing.

Discretionary swing trading of index futures without an automated approach is the toughest way to trade. Been there done that just like you...and also with NQ futures. I would have some great days and then lose a week of profits in one day. One problem was revenge trading....man, that can kill you. I would be up huge for the day and then go back to zero. At that point I should have stopped trading, but no, I got mad and continued to trade under choppy conditions. I call it "pin ball" price action. No trends...just up and down PA....causing me to buy the highs and sell the lows. My win rate was about 30%......just pathetic. You can't be profitable at that rate.

Best approach is scalping the E-Minis using an automated or semi-automated approach. Time in trade should be under 2 minutes or so. Get in, take small profits, then get out.

 

[graci117]

Starting this thread to document my goal of becoming a CME leasing member (B3)

Brief history on myself..

Started OTC forex daytrading in 2009. Fast forward 7 years, I managed to net about $50k. That's roughly $3.72/hour, but it's actually a lot less cause I was trading/learning forex pretty much around the clock. When someone said you'd be more successful working at McDonalds than daytrading, they are right lol

Anyway, I made the switch over to futures in 2017 when I started learning about vwap/volume profile. But I realized that those analysis just cannot work in decentralized market like forex. Plus all the bullshit mispricing and spread manipulation by brokers was enough reason to stop forex trading altogether.

So when started trading futures, I tried everything. ES,NQ, RTY, gold, oil. etc. I used $25k of my forex profits and turned it to little over $70k. But managed to blow half of it in 1 day. That has been my history in trading. Spectacular growth and spectacular tilt leading to blowout. That was when I decided to take steps to fix this tilt issues of mine, otherwise, i'd be one of those senior forum members wondering why the hell i wasted my life getting into this cycle of boom and bust of daytrading.

I started the thread of documenting my PnL 2 months back. Today I thought, what the hell am i doing here in a forex forum? So packed my thread and moved it here lol. Anyway, I'm a big believer of transparency in this deceptive industry. Too many delusional players overstating their abilities with nothing to show for it. I belive that PnL is the ultimate yardstick. Not your ticks, not your endless analysis, not even your education. Just pure PnL that should do the talking

Anyway, I decided to go with NQ because this market just fits me so well. This market also seem to work well with my method of analysis. I'm not a believer in trading multiple markets, so, NQ is the only market I trade.

Next couple of posts I'll share some details into how I approach trading.

Oh, I also livestream my trading on youtube from time to time. No comments are on these streams; just pure trading. I don't know what I plan to do with this channel, but I just kept going with it lol.

https://www.youtube.com/user/HIITSPRINT

Hi hilmy83 - Do you still live trade on Youtube? I clicked on the link and it was not found.

 

[hilmy83]

Hi hilmy83 - Do you still live trade on Youtube? I clicked on the link and it was not found.

I stopped that channel a while. That was when i only traded manually and traded nq. Right now I use algo to scalp multiple markets. a lot easier to manage emotionally when you only see results afterwards