DAY 19 – Apex Sniper Trading Bootcamp – Weekly Review …
Time to review the last 19 days.
Actions I took:
It has been interesting to learn a new approach which on the surface is using simple strategies but is based on order Flow and adapted to help the trader identify the setups easier.
I always wanted to learn Order Flow but every time I started looking at it I found it was complicated and often contradicted itself. Maybe it was the courses I looked at?
As I have said before, to be successful with this course you must understand when NOT to trade. This is a continuing learning process. Apex Investing recognizes this and discusses the reasons during the trading room sessions and with many videos to help. The problem in the trading room is that you cannot assume that others know the rules and have learned the reasons, not to enter. This is not unusual for trading rooms where everyone is open to give advice. My view is appreciated every ones help, trust what they say but check to make sure it is correct. Keep plenty of notes. The two moderators are always willing to answer your questions. If they are not in the room at the time, you can just Skype them and they will get back to you with the answer when they can.
So, overall I am happy with the course and the support. I still believe this course can help me be profitable in 90 days.
Review of the Stats for the last 13 days
I am fully aware that 13 days of tracking the profitable trades is really not long enough for any deep analysis. I still think it is worth a quick look at some of the stats that have come out of the 13 days.
13 Days of tracking Potential Trades using ES. These are trades I identified as being valid.
With minimum stats, 9 am – 11 am is one time period that looks good. I would not have picked that period as being so good! Maybe I was influenced by the live trade room.
The other stat that is starting to look promising, is the Maximum Favorable Excursion (MFE). It will help in identifying larger profit targets. If I combine the MFE with TOD it could identify times to possibly go for larger targets.
This Week’s Plan
It is time to start Live Sim trading. Sometime this week I will begin.
For transparency and self-accountability, I would like to post the trade immediately after I enter. My problem is that the trades I take are usually quick so I need to focus on the trade. So, I just need to test and see how I can make it work.
I will report back tomorrow on my progress and any lessons I learn
Disclaimer
I am not affiliated with any of these companies.
Time to review the last 19 days.
Actions I took:
- Review of the last 19 days
- Review of the stats for the last 13 days
- Continued using Market Replay
- Reviewed my plan for the week
It has been interesting to learn a new approach which on the surface is using simple strategies but is based on order Flow and adapted to help the trader identify the setups easier.
I always wanted to learn Order Flow but every time I started looking at it I found it was complicated and often contradicted itself. Maybe it was the courses I looked at?
As I have said before, to be successful with this course you must understand when NOT to trade. This is a continuing learning process. Apex Investing recognizes this and discusses the reasons during the trading room sessions and with many videos to help. The problem in the trading room is that you cannot assume that others know the rules and have learned the reasons, not to enter. This is not unusual for trading rooms where everyone is open to give advice. My view is appreciated every ones help, trust what they say but check to make sure it is correct. Keep plenty of notes. The two moderators are always willing to answer your questions. If they are not in the room at the time, you can just Skype them and they will get back to you with the answer when they can.
So, overall I am happy with the course and the support. I still believe this course can help me be profitable in 90 days.
Review of the Stats for the last 13 days
I am fully aware that 13 days of tracking the profitable trades is really not long enough for any deep analysis. I still think it is worth a quick look at some of the stats that have come out of the 13 days.
13 Days of tracking Potential Trades using ES. These are trades I identified as being valid.
- 180 Trades
- 161 Winners (7 Ticks per win)
- 19 Losers (17 ticks per loss)
With minimum stats, 9 am – 11 am is one time period that looks good. I would not have picked that period as being so good! Maybe I was influenced by the live trade room.
The other stat that is starting to look promising, is the Maximum Favorable Excursion (MFE). It will help in identifying larger profit targets. If I combine the MFE with TOD it could identify times to possibly go for larger targets.
This Week’s Plan
It is time to start Live Sim trading. Sometime this week I will begin.
For transparency and self-accountability, I would like to post the trade immediately after I enter. My problem is that the trades I take are usually quick so I need to focus on the trade. So, I just need to test and see how I can make it work.
I will report back tomorrow on my progress and any lessons I learn
Disclaimer
I am not affiliated with any of these companies.
