My Trading Quest - Can I be Profitable in 90 Days?
- Thread starter eRESULTS
- Start date
Hi Ouch1963,
As I said in the weekend post ... the next step is the live sim and sometime this week I had planned to start. The performance on Monday and a couple of items that were mentioned in the trading room sent me back to check a couple of things.
I will start the live sim either this week or early next week.
I would rather start with confidence then start and not have that confidence.
My approach to sim trading is like it is live money trading.
Cheers
Garry
As I said in the weekend post ... the next step is the live sim and sometime this week I had planned to start. The performance on Monday and a couple of items that were mentioned in the trading room sent me back to check a couple of things.
I will start the live sim either this week or early next week.
I would rather start with confidence then start and not have that confidence.
My approach to sim trading is like it is live money trading.
Cheers
Garry
DAY 24 – Apex Sniper Trading Bootcamp – Daily Review …
NQ giving more trades.
Actions I took:
I have put back my live sim trading until next week.
The market is changing and giving more trades in NQ. I will still take trades in ES but need to transition to NQ trades as well.
There are some slight changes to the setups in NQ, so it is important to be up to date with these variations and have backtested them.
Thursday ES and NQ Potential Trades
Today was a slow day for ES.
I identified:
ES – 2 Trades – 2 winners
NQ – 15 Trades – 14 winners
The MFE info is still looking good.
I will report back tomorrow on my progress and any lessons I learn
Disclaimer
I am not affiliated with any of these companies.
NQ giving more trades.
Actions I took:
- Listened to the trading room for the first 90 mins of the US Open
- Reviewed the rules for the setups
- Reviewed the potential trades for Thursday
I have put back my live sim trading until next week.
The market is changing and giving more trades in NQ. I will still take trades in ES but need to transition to NQ trades as well.
There are some slight changes to the setups in NQ, so it is important to be up to date with these variations and have backtested them.
Thursday ES and NQ Potential Trades
Today was a slow day for ES.
I identified:
ES – 2 Trades – 2 winners
NQ – 15 Trades – 14 winners
The MFE info is still looking good.
I will report back tomorrow on my progress and any lessons I learn
Disclaimer
I am not affiliated with any of these companies.
DAY 25 – Apex Sniper Trading Bootcamp – Daily Review …
ES provided only a few trades and NQ, the best it has been. Is this the changing of the guard?
Actions I took:
I have had some questions about why they need to change the setups when trading the NQ market.
The changes are only minor but can make the difference between being profitable or not.
It comes down to the speed and momentum of the NQ compared to ES.
Friday ES and NQ Potential Trades
I identified:
ES – 4 Trades – 3 winners
NQ – 22 Trades – 20 winners
At this time, most signals on NQ occur after 630am.
Both markets having interesting MFE results.,
I will report back tomorrow on my progress and any lessons I learn
Disclaimer
I am not affiliated with any of these companies.
ES provided only a few trades and NQ, the best it has been. Is this the changing of the guard?
Actions I took:
- Listened to the trading room for the first 90 mins of the US Open
- Reviewed the setups for NQ
- Reviewed the potential trades for Friday for ES and NQ
I have had some questions about why they need to change the setups when trading the NQ market.
The changes are only minor but can make the difference between being profitable or not.
It comes down to the speed and momentum of the NQ compared to ES.
Friday ES and NQ Potential Trades
I identified:
ES – 4 Trades – 3 winners
NQ – 22 Trades – 20 winners
At this time, most signals on NQ occur after 630am.
Both markets having interesting MFE results.,
I will report back tomorrow on my progress and any lessons I learn
Disclaimer
I am not affiliated with any of these companies.
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Trading Psychology
I have been asked a question about what psychology books I recommend.
There are many books, courses, and articles on trading psychology, so it is important to find someone who resonates with you. Mark Douglas doesn't resonate with me but many people rave about him.
So, my suggestion is to go to youtube and listen to Mark Douglas as his books and seminars are there to listen to. See if he resonates with you.
I have highlighted my favorites
Other people on youtube to check out are:
Brett Steenbarger - he has a new youtube series https://www.youtube.com/playlist?list=PL4Xc9uwUmmqShzbxH8epZGVIUHmuKX7Ha
Rande Howell
Urban Forex
Axia Futures
Mandi Pour Rafsendjani
Clay Trader
Chris Capre
Van Tharp
Steve Ward
Gary Dayton
Norman Hallett
Books and Courses
All of the above plus
Market Mind Games - Denis Shull
Reminiscences of a Stock Operator - Edwin Lefevre
Sway: The Irresistible Pull of Irrational Behaviour - Ori and Rom Brafman
Let the Trade Wins Flow - Dr Harry Stanton
Thinking, Fast and Slowly - Daniel Kahneman
The Mental Edge in Trading: Adapt Your Personality Traits and Control Your Emotions to Make Smarter Investments by Jason Williams
The Psychology of Trading: How to Create and Maintain Your Winning Edge - Jason Alan Jankovsky
The Power of Habit - Charles Duhigg
Trade With Passion and Purpose - Mark Whistler
The Hour between the Dog and Wolf - John Coates
Ruth Barron Roosevelt
Dr Alexander Elder
LR Thomas
Ari Kiev
Yes, I selected a lot! You can learn from everyone. Note that some are not "trading" books but they do relate to traders.
LR Thomas, Clay Trader, and Axia Futures have some very good beginners material on Youtube.
When you find someone you relate to then you can go down that rabbit hole but remember it has to be practical.
These are the ones off the top of my head and if I have missed anyone I think is important I will post it.
I hope this helps
Cheers
Garry
I have been asked a question about what psychology books I recommend.
There are many books, courses, and articles on trading psychology, so it is important to find someone who resonates with you. Mark Douglas doesn't resonate with me but many people rave about him.
So, my suggestion is to go to youtube and listen to Mark Douglas as his books and seminars are there to listen to. See if he resonates with you.
I have highlighted my favorites
Other people on youtube to check out are:
Brett Steenbarger - he has a new youtube series https://www.youtube.com/playlist?list=PL4Xc9uwUmmqShzbxH8epZGVIUHmuKX7Ha
Rande Howell
Urban Forex
Axia Futures
Mandi Pour Rafsendjani
Clay Trader
Chris Capre
Van Tharp
Steve Ward
Gary Dayton
Norman Hallett
Books and Courses
All of the above plus
Market Mind Games - Denis Shull
Reminiscences of a Stock Operator - Edwin Lefevre
Sway: The Irresistible Pull of Irrational Behaviour - Ori and Rom Brafman
Let the Trade Wins Flow - Dr Harry Stanton
Thinking, Fast and Slowly - Daniel Kahneman
The Mental Edge in Trading: Adapt Your Personality Traits and Control Your Emotions to Make Smarter Investments by Jason Williams
The Psychology of Trading: How to Create and Maintain Your Winning Edge - Jason Alan Jankovsky
The Power of Habit - Charles Duhigg
Trade With Passion and Purpose - Mark Whistler
The Hour between the Dog and Wolf - John Coates
Ruth Barron Roosevelt
Dr Alexander Elder
LR Thomas
Ari Kiev
Yes, I selected a lot! You can learn from everyone. Note that some are not "trading" books but they do relate to traders.
LR Thomas, Clay Trader, and Axia Futures have some very good beginners material on Youtube.
When you find someone you relate to then you can go down that rabbit hole but remember it has to be practical.
These are the ones off the top of my head and if I have missed anyone I think is important I will post it.
I hope this helps
Cheers
Garry
DAY 26 + 27 – Apex Sniper Trading Bootcamp – Daily Review …
Today is the first day of Sim Trading …
Actions I took:
Sim trading didn’t start great with my profit target wrong in the first trade and the second not being a valid trade.
If I had my profit target in the correct position then it would have been hit. So what did I do wrong? My NT7 platform had a problem so I rebooted it and didn’t check my settings!!!
The second trade was a simple mistake and still hit my profit target. As it wasn’t valid I did not count it in my numbers.
Overall my results were a good start even if I didn’t hit my daily target.
Below are my results of possible trades, sim trades, and images of the trades.
I will report back tomorrow on my progress and any lessons I learn
Disclaimer
I am not affiliated with any of these companies.
Today is the first day of Sim Trading …
Actions I took:
- Listened to the trading room for the first 90 mins of the US Open
- Start of the Sim Trading Phase
- Reviewed the potential trades for Sunday and Monday for ES and NQ
Sim trading didn’t start great with my profit target wrong in the first trade and the second not being a valid trade.
If I had my profit target in the correct position then it would have been hit. So what did I do wrong? My NT7 platform had a problem so I rebooted it and didn’t check my settings!!!
The second trade was a simple mistake and still hit my profit target. As it wasn’t valid I did not count it in my numbers.
Overall my results were a good start even if I didn’t hit my daily target.
Below are my results of possible trades, sim trades, and images of the trades.
I will report back tomorrow on my progress and any lessons I learn
Disclaimer
I am not affiliated with any of these companies.
I understand your situation.
because we have gone through it before.
It seems that you have attended numerous courses and have traded many years.
so by now you should have the necessary background, knowledge, tools .... to trade.
Not sure why you must attend even more courses.
I think you should look through your trade journal, develop your own trading strategies / trade plan.
don't attempt to do what other traders do because we have different experiences / expertises / preferences ....
Hi Maxinger,
I am not sure why so many people don't like a bit of a challenge?
Thank you for your advice.
In my posts, you will see that I do trade my own systems and have a funded account with TST.
This is a challenge to learn and grow.
Please share how you think I can improve this challenge
Cheers
Garry
I am not sure why so many people don't like a bit of a challenge?
Thank you for your advice.
In my posts, you will see that I do trade my own systems and have a funded account with TST.
This is a challenge to learn and grow.
Please share how you think I can improve this challenge
Cheers
Garry