Micro E-mini Madness (2% per day)

[tiddlywinks]

this account is an evaluation account with a funding company with real trading emotions built in! My own live account will go active next week.

Please explain what is ... an evaluation account with a funding company with real trading emotions built in! ?

All I get from the quoted is that it is NOT a live funded account, and I do not understand how "real trading emotions" are "built-in".

I am only using executed data at this time, no orders on the DOM.

Please explain what is ... only using executed data?

"A loss is still a good trade IF you followed all your rules."

+1

 

[sillyw10]

Good catch on the rogue micro trade. Good thing it was a Micro! And good thing I got out when I did. The NQ tanked on Friday all the way to around 7,450 or almost 250 NQ points below my entry on that trade!!! On the NQ, that would have been a $5000 loss on one contract. Even on a Micro, it would have been a $500 loss on one contract, or half of my account - which will go live next week.

So clearly having stops in place will be vital. I have still not finalized the Micro stop parameters, but on the NQ and YM my stops are (1) scratch out immediately manually when I feel the trade turning against me and (2) a max of 20 ticks emergency stop. My goal is to never have the emergency stop hit. This means that my entries need to be almost perfect each time, and I have to hit the "MAKE ME FLAT!" button (close) instantly, with no emotion, the moment the reason I got into the trade appears to have vanished.

But these are the Micros, and because of my scalping methods, the commissions will kill me with all the scratching and tight stops if I trade the same way I do on the regular E-Minis. So I need to go to a higher time frame (larger range) chart for the micros, and loosen up my stop parameters and go for bigger targets, as previously mentioned. Coming up . . .

fwiw..again ..been there and done that in relation to volume analysis and trading for ticks

I laugh now when I see all the hype about order flow and the buzz words such as icebergs..etc..load of rubbish..does nothing but prevent you from looking at what you should be looking at!!!!!!!

anyway..more than one way to skin a cat..but very few ways to hold on to the money you do make..and not give it back

trading without stops can work out..lIke the MES trade I done recently that made around $160 odd..but..that is BAD trading..I got filled with a buy limit order I put in just in case!!!!

with MES it is not a big deal..but with ES it is .and as the goal is to test ES strategies live with MES for lower risk..then every trade has to be taken as if it were ES trading

you are not going to find it easy unless you use wider stops..but..as always..current price action determines current actions..so..the stop is really just a safe guard against an erratic move..that can..and will..happen

the key is in the timing..for which I found the volume analysis misleading..so in my books it was useless..and dumped right away

the only true way to master it is to trade live..so..you are definitely on the right track..just make sure you are heading for the right destination

 

[SPX Blaster]

Sorry for the remark, I think this thread will only last a few weeks. I'm following though.

 

[sstheo]

Please explain what is ... an evaluation account with a funding company with real trading emotions built in! ?

All I get from the quoted is that it is NOT a live funded account, and I do not understand how "real trading emotions" are "built-in".

Please explain what is ... only using executed data?

An evaluation account that I paid for has much lower risk that a live account, but it still has a monthly fee that continues each month unless I pass the test or give up. I DON'T want to keep paying evaluation fees, so I have to reach the $9000 profit target, which still represents a 9% daily ROI on the available draw down of $5000 if completed in 20 trading days (on month). If completed in 2 months, then the ROI is 4.5% PER DAY. I am going to go out on a limb and suggest that the trading emotions are at least 80% of that of a live account.

Regarding the cumulative delta and the volume delta I am looking at real time and sales data, not DOM orders (which can be pulled at the last second).

 

[sstheo]

Sorry for the remark, I think this thread will only last a few weeks. I'm following though.

I can see you are using reverse psychology on me. Well, it is working. Check back in a few weeks.

 

[tiddlywinks]

An evaluation account that I paid for has much lower risk that a live account, but it still has a monthly fee that continues each month unless I pass the test or give up. I DON'T want to keep paying evaluation fees, so I have to reach the $9000 profit target, which still represents a 9% daily ROI on the available draw down of $5000 if completed in 20 trading days (on month). If completed in 2 months, then the ROI is 4.5% PER DAY. I am going to go out on a limb and suggest that the trading emotions are at least 80% of that of a live account.

Regarding the cumulative delta and the volume delta I am looking at real time and sales data, not DOM orders (which can be pulled at the last second).

Simplified... you are paying for a combine "test". If successful you get funded and will share profits you generate. Real money on the line is what you pay in fees, and that's a guaranteed loss since it is not offset by a refund if you pass, nor by profits you generate during the test, pass or fail.

Also simplified... Time and sales data.

Thanks for answering my questions.
Good luck.

 

[SPX Blaster]

Please explain what is ... an evaluation account with a funding company with real trading emotions built in! ?

All I get from the quoted is that it is NOT a live funded account, and I do not understand how "real trading emotions" are "built-in".



Please explain what is ... only using executed data?



+1

Google FTMO

 

[SPX Blaster]

Tariff news out of China put the market in a tail spin.
I traded the micros in response.
The first trade was short before the news came out, but I got $13 on the MNQ.
The rest were longs as I began fading the news, knowing Jerome Powell was up next.
Up about $100 on 7 trades on the micros.

(As mentioned before, this account is an evaluation account with a funding company with real trading emotions built in! My own live account will go active next week.)


View attachment 207617

View attachment 207618

Is this FTMO? Or another like it.

 

[SPX Blaster]

not sure if it is sim or papertrading..but if sim account is not linked to live Globex data then it is useless.. papertrading account is

nothing wrong with papertrading once it is taken seriously..it is exactly the same apart from place in que..so if you enter one tick above or belowe you have realistic fill

the purpose is not to "show off"..or make oneself fell better..the purpose is to test and refine strategies so that consistent daily profit can be achieved

my opinion if course..I am sure the Op can speak for himself!

It is a demo account that you pay a fee for. You attempt to reach the companies profit objectives. If you do, you will qualify for a live account with other peoples money that you manage. At FTMO, they pay you 70% of profits made per month. If you violate one of the risk parameters for the month, they basically fire you.

 

[SPX Blaster]

I think this is a wrong way of thinking. You HAVE to appreciate the power of the volatility of the markets we are in. I was long in May in a mini. Lost a chunk when I closed it. When it seemed to calm down, I went long a single NQ micro contract. THE THING THEN SANK 600 POINTS after that entry in like 12 trading days.

I'm sorry sir, but if you can handle a $1200 dollar drop on a single micro contract, then more power to you. But you would not be able to if you had only $1000 in your trading account. Be hopeful that does not happen to you if you scale in on a few more contracts trying to average the trade.

I wasn't trading the stock market then, but I called the May sell off the previous March in this other forum. Used my cycle analysis.

https://www.trade2win.com/threads/stock-market-sell-off-coming-in-may.234819/