New E-Mini traders (under 25K traders) trading journal
- Thread starter GaretJax
- Start date
juggernaut
I guess its in the eye of the beholder. I still dont see it. The first 30 min. is sort of a range but there is a higher high and a higher low there, then it goes parabolic. I have my own method for determining a trend day. When I'm stopped out on my third try at shorting the top.
I guess its in the eye of the beholder. I still dont see it. The first 30 min. is sort of a range but there is a higher high and a higher low there, then it goes parabolic. I have my own method for determining a trend day. When I'm stopped out on my third try at shorting the top.
Michael,
The chart is custom, I wrote my own charting application.
The chart is custom, I wrote my own charting application.
today i made my very first experiences trading the nq-mini (with IB) - i did a few careful scalps.
i made some dollars - but moreover - what really satisfies me so far is the technical part of mini-trading. one routing way - fast fills - no problems. a totally different world - compared to trading stocks - imho.
what do you friends think about it?
i made some dollars - but moreover - what really satisfies me so far is the technical part of mini-trading. one routing way - fast fills - no problems. a totally different world - compared to trading stocks - imho.
what do you friends think about it?
js1257,
My broker is IB, using their platform. I use RealTick for the charts.
My broker is IB, using their platform. I use RealTick for the charts.
Gerry,
I agree - it is very different - but defintely nice to not worry about execution or routing as you said. I almost always got my stop price when I was stopped out. The moves are very fast - I had to set up hotkeys with IB so I could have my sell ready as quick as possible - it can move 5 points so quickly. I got burnt a bit today - I tried using stops 5 points below the bid so when it was trending up I could ride the trend longer and I was getting killed. Maybe that worked for a day like yesterday but I think I need to stick to stops 2 - 3 points below the ask. My wins were mainly 2-4 points while I was getting stopped for 5. When I switched to tighter stops of 2 points below ask I did much better.
It really does help to review your trades after the close - My major losses were getting stopped for 5 points a stop during a downtrend trying to catch the bottom. I ended up down about $300 for the day. If I would have avoided those 5 point losses it would have been an up day for me.
GaretJax
I agree - it is very different - but defintely nice to not worry about execution or routing as you said. I almost always got my stop price when I was stopped out. The moves are very fast - I had to set up hotkeys with IB so I could have my sell ready as quick as possible - it can move 5 points so quickly. I got burnt a bit today - I tried using stops 5 points below the bid so when it was trending up I could ride the trend longer and I was getting killed. Maybe that worked for a day like yesterday but I think I need to stick to stops 2 - 3 points below the ask. My wins were mainly 2-4 points while I was getting stopped for 5. When I switched to tighter stops of 2 points below ask I did much better.
It really does help to review your trades after the close - My major losses were getting stopped for 5 points a stop during a downtrend trying to catch the bottom. I ended up down about $300 for the day. If I would have avoided those 5 point losses it would have been an up day for me.
GaretJax