Road to 120% - 2019....if anyone even cares

formikatrading · Feb 6, 2019

Congrats! But are you really being humble? :sneaky:

Keep up the good work!

Palindrome · Feb 6, 2019

I made my first mistake this year trading.

I deployed a 5th system, prematurely. It's not fully baked in and had an execution issue this week. Pulling the plug on that one, needs more work.

Sticking to my 4 concrete systems that have been live for a while now.

Still UP for the week.

Palindrome · Feb 10, 2019

February needs to be a big month, last week should have been much better. Made two mistakes last week that cost me about 3.6%, oh well the important thing is you learn from them. 1 position should have never been entered, and 1 position should have been entered. If I can keep my mistakes down to 3 or less per month, I should be in good shape this year.

I have an error log that I record errors that I make. Over time, I've started to make less trading errors.

Palindrome · Feb 15, 2019

Another crap week, down 1.39% MTD, and YTD down 6.7%.

volpri · Feb 15, 2019

digitalnomad said:
OP. How many cars will you be trading for your experiment here? Are you posting trade prices/times, or just PNL and account balances?

Maybe two VW beetles and a trailing moped????

volpri · Feb 15, 2019

SunTrader said:
Why do you assume I was raising the bar?

Myself I strive to trade correctly according to my plan, but neither by a percentage or dollar amount. That is up to the markets.

Up to the market and hurricane events in Boca Raton??

Palindrome · Feb 15, 2019

Its been a real shitty 8 weeks, just chop and grind. It messes with your head.

Overnight · Feb 15, 2019

Palindrome said:
Its been a real shitty 8 weeks, just chop and grind. It messes with your head.

Look on the bright side... Yer still green from where you started. Never forget that.

schweiz · Feb 16, 2019

Palindrome said:
Its been a real shitty 8 weeks, just chop and grind. It messes with your head.

That's exactly why daytrading was for me the only option. Problem there was to find a consistent profitable system. I have to do more screentime but also generate more profits.

Palindrome · Feb 16, 2019

schweiz said:
That's exactly why daytrading was for me the only option. Problem there was to find a consistent profitable system. I have to do more screentime but also generate more profits.

I think about layering on a level of shorter term systems, I was brainstorming this weekend about it. I still feel that my 4 systems I trade need full mastery before I can layer on new stuff.

I'm about 80% there, its difficult to trade the system perfect, but I am close.

Once I master it, I'm going to look to add a shorter system.

The funny thing is, almost all of my trades on my current systems, show Green on all entrances. The trade goes my way for a period of time almost all the time.

So my thought process is maybe take my trading size lets say it is 10 contracts... well add 2 more, and look to target lets say 4 handles and win 85% of the time and take down "shorter" term income as my longer term positions develop.

That potentially is a starting point to help smooth the monthly earnings.

Thanks for the input Schweiz, it's always welcomed.