Swing Trading Global Markets - WILD Approach
- Thread starter gmst
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Quote from gmst:
Markets have spoken, we need to be long
So long 10 ES at 1801
Out at 1791 for 10*500 = -5000 USD loss.
Acccount Equity = 54,025 - 5000 = 49,025 USD
Now short 15 contracts at 1791 (I am going over the overnight margin, so will close a few later in the day).
P.S. I am getting bored continuing this journal, might close it or maybe I should push myself to at least take the account equity to 100k and then close this journal. We will see......
1) This journal has lost its purpose....at least 20-30% of trading is day-trading and only rest is swing trading.
2) I have been trading only ES whereas my idea behind starting this journal was to trade a number of products.
3) I guess only positive thing has been that drawdowns have been fairly limited and I have been quick in cutting my losses. I think max drawdown till now has been < 20% but not sure, whereas account is up approximately 80% in 2.5 months.
Anyways, now long 8 ES at 1783
2) I have been trading only ES whereas my idea behind starting this journal was to trade a number of products.
3) I guess only positive thing has been that drawdowns have been fairly limited and I have been quick in cutting my losses. I think max drawdown till now has been < 20% but not sure, whereas account is up approximately 80% in 2.5 months.
Anyways, now long 8 ES at 1783
80% in 2.5 months is very impressive...you should probably continue if you think you can keep it up....maybe use this thread as a track record or something you can point to establish credibility...even better if you can switch over to real money
you'll develop a cult following with that track record...obviously there's a bunch of "ifs" in my logic
Your journal inspired me, if only to motivate me to write some code to auto-post my live trading fills to ET. So, thanks.
Just concerned that your journal is not realistic, not because I believe you are dishonest with your fills if they are a few minutes late, but because the emotions involved in manual execution almost invariably lead to diminished results.
In light of this, what I was kicking around for myself was keeping track of my in-trade equity curve, and calculating some of the typical parameters that system developers generate. It seems logical that having a smooth equity curve and favorable system stats might be helpful. With this, one can determine whether a method will be realistic for a particular trader to execute on with minimal emotional impact. (i.e. big swings in an equity curve would probably not be realistic for the stomachs of most traders).
Just some thoughts. Hope you find some value in my comments. Thanks.
Just concerned that your journal is not realistic, not because I believe you are dishonest with your fills if they are a few minutes late, but because the emotions involved in manual execution almost invariably lead to diminished results.
In light of this, what I was kicking around for myself was keeping track of my in-trade equity curve, and calculating some of the typical parameters that system developers generate. It seems logical that having a smooth equity curve and favorable system stats might be helpful. With this, one can determine whether a method will be realistic for a particular trader to execute on with minimal emotional impact. (i.e. big swings in an equity curve would probably not be realistic for the stomachs of most traders).
Just some thoughts. Hope you find some value in my comments. Thanks.
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