Sekiyo's journal. 1Risk 2Rewards. ES. TsT ?

[Sekiyo]

Just made another quick trade.

Sell, +8

Total :
5 trades +8
3 trades +1
0 trades -4

8 trades for 43 ticks
5.375 ticks per trade.

Commissions are 5.63% of total PnL.
But TopStep wave them if trading with TSTrader !

 

[SimpleMeLike]

Just made another quick trade.

Sell, +8

View attachment 217951
View attachment 217953

Total :
5 trades +8
3 trades +1
0 trades -4

8 trades for 43 ticks
5.375 ticks per trade.

Commissions are 5.63% of total PnL.
But TopStep wave them if trading with TSTrader !

Awesome.

You hav 71 winning trades in a row. I would be hesitant to change anything.

That is very impressive.

What time frame chart do you use? I use 3 minute.

 

[Sekiyo]

Awesome.

You hav 71 winning trades in a row. I would be hesitant to change anything.

Actually the platform does a poor job at tracking my trades xD
I've done only 8 trades but TSTrader mistakes trade with execution.

It segment 1 trade into multiple executions.
I don't know why but if I were trading 2 contracts at a time,
The trade could be reported as #2 because of executions behavior.
I don't really get it but that's the only explanation I can think of.

If it takes 2 market orders to eat my 2 limit contracts,
Then it would be reported as 2 separate trades when it's actually the same.

So only 8 win in a row.

 

[Sekiyo]

Buy -4. Took my first loss. Bad trade, bought the top, did not retrace enough. My mistake.

Total :
5 trades +8
3 trades +1
1 trades -4

9 trades for 39 ticks
4.33 ticks per trade.

 

[.sigma]

Good job Sekiyo,

No I am still in the combine, phase 1 stage. But this is due to my own fault and progression. I will pass soon.

I like TST good place and good support.

The trailing drawdown for the 150K account is $4500, so you are risking $750 (15*4*12.5) per trade. So you are actually risking 16% of actual trading capital per trade, not 0.5%.

I just wanted to state that part so you know.

what is TST?

 

[Sekiyo]

what is TST?

Topsteptrader.
You know, the firm that fund traders.

 

[Sekiyo]

Think I am done for the day.
#1 Short +1
#2 Long +8
#3 Short +8

Today Report

Cumulative Report

Total :
7 trades +8
4 trades +1
1 trades -4

12 trades for 56 ticks
4.66 ticks per trade.

Commissions are 6.87% of PnL

 

[SimpleMeLike]

Think I am done for the day.
#1 Short +1
#2 Long +8
#3 Short +8

View attachment 217997

Today Report
View attachment 217999

Cumulative Report
View attachment 217998

Total :
7 trades +8
4 trades +1
1 trades -4

12 trades for 56 ticks
4.66 ticks per trade.

Commissions are 6.87% of PnL

Sekiyo,

I use similar rules. After 2 or 3 trades I am done for the day. Because one of the trades could be a breakeven. But normally after two trades i am done. AFTER I am done, I pretend I am trading and record data on trades I would have taken to continue building skills and practice, so i am great trader and improving.

 

[Sekiyo]

Sekiyo,

I use similar rules. After 2 or 3 trades I am done for the day. Because one of the trades could be a breakeven. But normally after two trades i am done.

Exactly,
To end the day with either 2 losses, 2 wins, 1 win and 1 loss is enough. Discarding break even ones.

I’d give it more time if nothing would happen but it’s useless to spend too much time focusing on the market.

Practice, improvement, is always welcome but I’ll get the exposure little by little, day after day. Letting myself time to reflect.

I’d rather try to trade less volume than less setups. Bringing downs costs, letting the profits run. Milking the market this way (Amplitude vs Trades).

 

[SimpleMeLike]

Exactly,
To end the day with either 2 losses, 2 wins, 1 win and 1 loss is enough. Discarding break even ones.

I’d give it more time if nothing would happen but it’s useless to spend too much time focusing on the market.

Practice, improvement, is always welcome but I’ll get the exposure little by little, day after day. Letting myself time to reflect.

I’d rather try to trade less volume than less setups. Bringing downs costs, letting the profits run. Milking the market this way (Amplitude vs Trades).

Yes, I agree for sure with you on that in red.

For me, since my risk is greater than loss, some days I will end the day with a loss. Or double win. But never go above 2 trades. once go over 2 trades, my mind goes in circles and doubt creep in and confusion and greed and fear.

Same for me. I do not have time to practice cause I work as well. So day by day chart starring and review at night.

i track the letting the profits run method, but for not, I just keep my profit targets in place, and do not like the letting winner run story anymore. It is too much work for me and thinking about when to exit and back forward.