So I have made some post on wanting to trade and then not becoming very active here. I basically have been pulling historical date on ninja trader and trading my strategy. It is a simple trend trading pullback strategy with keltner channers. I believe the outer bands are set at 2.5 stand devations. I could use some work on supply and demand zones cause I can see those when my set ups fall within those ranges they don't really work out to well. I have been studying and practicing since may-june. I got to a point where I was averaging about 4 points per week. I was planning on trading 150 contracts ( am capitalized to do this and each trade that loses is 1/100 of my account) with a 1.25 stop loss on the down side and a 2 point reward on the up side.
So I traded everyday this year on sim and made 1 million dollars on paper trading 150 contracts. I did about 1000 trades since then. Monday I started trading live I thought the commission was going to be 106 per trade (round trip). (I got paper work saying I can get this down to around .23 cents each way). So Monday was my first day trading day and I only got one good set up and it lost. No big deal. I get my nightly recap statement from the brokerage Firm and It says I got charged like 580 bucks for that one trade not 106. I start tying to figure out where this came from. Then I realized I had zero clue about exchange fees and clearing fees. I didn't freak out at this point but then went over my recorded data and realized I would of paid 580k on those trades I did. It would of bumped my net profit down to 1.7 points per week. This seems like an unacceptable risk vs reward for me as the risk just seems to high for the reward giving that much out in commission. I feel horrible and I don't know where to turn to now. I have giving my all in this and studied so much with zero knowledge of futures on the es mini prior to this. Thanks for listening and ill try to filter out who knows what there talking about vs the select few that actually make money here and trade for a living.
So I traded everyday this year on sim and made 1 million dollars on paper trading 150 contracts. I did about 1000 trades since then. Monday I started trading live I thought the commission was going to be 106 per trade (round trip). (I got paper work saying I can get this down to around .23 cents each way). So Monday was my first day trading day and I only got one good set up and it lost. No big deal. I get my nightly recap statement from the brokerage Firm and It says I got charged like 580 bucks for that one trade not 106. I start tying to figure out where this came from. Then I realized I had zero clue about exchange fees and clearing fees. I didn't freak out at this point but then went over my recorded data and realized I would of paid 580k on those trades I did. It would of bumped my net profit down to 1.7 points per week. This seems like an unacceptable risk vs reward for me as the risk just seems to high for the reward giving that much out in commission. I feel horrible and I don't know where to turn to now. I have giving my all in this and studied so much with zero knowledge of futures on the es mini prior to this. Thanks for listening and ill try to filter out who knows what there talking about vs the select few that actually make money here and trade for a living.
