Sekiyo’s journal

[Sekiyo]

Down Big.
Took a loss again today.

Small mistakes accumulate into big losing days.
Really tough to be profitable.

One thing I learned is ...
Each and every little mistake counts !

Doing bullshit over and over again.
I take small losses. Break even then lose patience.

It's hard when you're wrong multiple times in a row.
It's tough when your winners turn south.
It's not easy to avoid mistakes.

Fragile + Mistakes = Ruin

Mistakes just grow bigger time after time.
And one dollar saved is one dollar earned.

I am hopelessly chasing the runners,
When it happens I am on the wrong side.
LOL ... What a dude I am.

I can't list all the mistakes,
From taking random bets to entering recklessly,
Passing by letting the losers run and falling asleep.

My PnL reflect my trading.
107$ commissions in one day,
Trading the MES whose cost is 0.7x RT.
WTF ?! Seriously ?!

Must have had 100+ reasons to back all these trade ?!
I can't remember one valid reason. One good setup.

Where am I while trading ?

I really have to learn or I'll blow up.
Learn a reliable method and a flawless execution.

Gotta go slower.
Ask myself the 5 Wh's questions.

Got really bad habits to get rid of.
This is not a f*cking game.

This is a business.
As weak as the weakest link.

Debunk it all !!!!!!

Nice week end to you all.

 

[Sekiyo]

Most of the trades are ...
I buy it goes down then I sell it goes up.
Or I buy (sell) it goes down (up) then I close it goes up (down).

Welcome to the world of trading without a plan.

Then I take it personally,
"Oh Really You Wanna Play This ?!"

me:
DOUBLE DOWN !

market:
THROUGH THE ROOF !

 

[Sekiyo]

Also Sierra said I don't have live feed for other exchange than CME,
(When they previously said I had) and that's why limit and stop orders aren't filled.
It also explain why my adding and pulling of liquidity doesn't actually show up on the DOM.

But this is minor issue compared with my PnL.
I'll be billed 10$ for CME instead of 31$.
At this point every dollar counts.

 

[schizo]

I'll be billed 10$ for CME instead of 31$.
At this point every dollar counts.

Do you absolutely require the depth for your DOM? Otherwise, you could get by for just $4 ($3 for the data and $1 for CQG admin fee).

 

[Sekiyo]

Do you absolutely require the depth for your DOM? Otherwise, you could get by for just $4 ($3 for the data and $1 for CQG admin fee).

View attachment 228088

After spending much time looking at the DOM,
I can tell that the depth is useless to me.
But I have the Sierra Chart bundle.
The bid ask spread is enough.

Thanks for pointing this out to me.
Is it what you’re using ?

 

[high-performance]

Enter all your 100 trades in this spreadsheet I made and it will show whether you are a POSITIVE or NEGATIVE trader

http://www.marketcentral.ca/expectancy/traderecord.xlsx

if you are negative trader after 100 trades, stop trading immediately. in the long run even if you are right 70% of the time you still lose.

You can still lose money in trading in the long run even if you are right 80% of the time.

or vice versa, you can still make money in the long run even if you are right only 50% of the time.






Thanks for pointing this out to me.
Is it what you’re using ?[/QUOTE]

 

[schizo]

After spending much time looking at the DOM,
I can tell that the depth is useless to me.
But I have the Sierra Chart bundle.
The bid ask spread is enough.

Thanks for pointing this out to me.
Is it what you’re using ?

Yeah, $3 bundle is plenty. As a chart trader, the market depth is pretty useless for me as well.

 

[Sekiyo]

Enter all your 100 trades in this spreadsheet I made and it will show whether you are a POSITIVE or NEGATIVE trader

http://www.marketcentral.ca/expectancy/traderecord.xlsx

if you are negative trader after 100 trades, stop trading immediately. in the long run even if you are right 70% of the time you still lose.

You can still lose money in trading in the long run even if you are right 80% of the time.

or vice versa, you can still make money in the long run even if you are right only 50% of the time.






Thanks for pointing this out to me.
Is it what you’re using ?

Sure.

But I can’t stop dude.
Maybe trade M6E (Micro EUR/USD)
As I believe it’s cheaper to trade but still live.

Gotta pay the fines.
I am a super hero at Demo trading.
Now I need to learn to trade real monies !

Appreciate your input.

 

[Sekiyo]

Yeah, $3 bundle is plenty. As a chart trader, the market depth is pretty useless for me as well.

You don’t trade charts,
You catch unicorns, Sir @schizo.

3$ is awesome for the whole bundle.
Might indeed switch. Get more for less.

Never mind giving away bits of wisdom,
Since I’ve heard you’re looking to retire.

Wish the bear ain’t killed the bull.

 

[high-performance]

if you are still paper trading it means you have no plan that makes money