The CL/NQ experiment

[Gabe2004]

Quote from AAAintheBeltway:

I don't want to be rude, but what exactly is the point of this thread? Obviously, a lot of people are following it intently, so I am clearly missing something.

You are a member of ET for over 12 years and have posted on average more than 3 posts a day all this time (over 15,000 posts in total). What was the purpose of that?

An unprofitable trader with a mystery method and people can't seem to get enough of it?

It must be my charming personality.
Have you been profitable from the 1st day that you started to post on ET?

Is this an automated system or is it manual? I ask because there were apparently 10 trades on Friday. Most of the trades I looked at appeared more or less random, which is why I asked about the logic.

It is a discretionary system.

Maybe you have a great system and can trade that frequently, but my experience has been that it won't work.

You said that you don't want to read through all this thread (about 9000 posts) so maybe you would not mind contributing something useful here. For someone who can write over 15,000 posts you must be able to do that. Or are you posting only in threads of people who are profitable?

That's how I am.
Some times I put my foot in my mouth but people always know what I think and where I stand.
Some people may not like it but most appreciate it.
Gabe

Gabe

 

[Gabe2004]

Thank you smallStops and slugar for your support.
Years ago ET was notorious for a place where people are trashing each other.
I really would not want this to happen here.
If anyone is willing to contribute in a productive and polite way - you are welcome.
Otherwise there is the proverbial door.
AAAintheBeltway, don't take this as an attack on you.
As it is for now, we are having a civilized conversation.

Gabe

 

[NoDoji]

Quote from Rashid_G.:

I think all in all out psychologically damages rear view mirror traders (greedy?) which most of us are as well as suggesting we know the future (it will stop here!), Especially those that don't have a continuation setup.

I really hope you can describe how you do on trend days as you must surely either be leaving a lot on the table or buying highs/selling lows.

I do excellent on trend days because my trading plan involves aggressive with-trend continuation trading using a 1-min chart. Last Wednesday, for example, my plan produced 10 long trades between 9:39am and 1:38pm eastern time, 7 of which produced minimum profit or better.

In a strong trend, my re-entries are often at a better price than my previous exits because I have thousands of hours of experience with this.

I welcome the losing trade that sometimes comes at the end of a strong trend and consider it my tip to the market for providing superb service.

 

[HurricaneUS]

Quote from AAAintheBeltway:

I don't want to be rude, but what exactly is the point of this thread? Obviously, a lot of people are following it intently, so I am clearly missing something. An unprofitable trader with a mystery method and people can't seem to get enough of it?

Is this an automated system or is it manual? I ask because there were apparently 10 trades on Friday. Most of the trades I looked at appeared more or less random, which is why I asked about the logic. Maybe you have a great system and can trade that frequently, but my experience has been that it won't work.

I don't know about everyone else but I tuned in to watch a train wreck

 

[Gabe2004]

Quote from HurricaneUS:

I don't know about everyone else but I tuned in to watch a train wreck

It saddens me to see people who look at the struggles of others as entertainment (and seemingly derive pleasure from that).
I guess those are the same people who are also jealous of the success of others.
Nevertheless, I wish them all the best but they are not welcome in my house.

Gabe

 

[slugar]

Quote from Gabe2004:

It saddens me to see people who look at the struggles of others as entertainment (and seemingly derive pleasure from that).
I guess those are the same people who are also jealous of the success of others.
Nevertheless, I wish them all the best but they are not welcome in my house.
T
Gabe

do not pay attention to any one besides no doji she is all the help you need and unlike others on their own threads she won't look down on you for asking questions
n

 

[smallStops]

Quote from HurricaneUS:

I don't know about everyone else but I tuned in to watch a train wreck

I am very curious :
did you ever make any of these traders errors in your trading
career :

- taking too many trades?
- not taking a loss when it was small?
- elapse in discipline?

If you say no, you have never made these mistakes, I would
not question anybody suspecting you were a liar.

This thread poster has this qualities :
- can express clearly how his mistakes happen
- can ask for others opinions BUT make his own mind

Also, since posting his mistakes, so far he has been respecting
religiously his stop loss. There was a time, I would have loved to have religiously respected my stop losses.

I also notice that he has been respecting his trading plan much more: may be discussing his trades has helped.

Serious, the poster is a very clever person :
he is using us ( in a good way lol ) as adhoc trading assistants! lol.

 

[smallStops]

Gabe2004,

You might reflect on seeing if your plan can be constrained in taking only trades :

* where the maximum loss is 0.06 : this means taking entry based on a small bar ( so the stop is very small).
==> your list of losers will only show a loss of 0.06 or less.

*you seem to be trading various strategies : 1-1, 1-0, 1-1-1 :
I guess 1-1-1 is a strategy after modifications.
As you are on a demo, try to do at least 20 trades of the same strategy, before modifying the strategy.

For your discipline : try to explain to yourself your strategy
before the trading session, after you close each trade.

The key is following the strategy to the letter.
Just remember that there will always be losses, so keep your losses small.

 

[Gabe2004]

Thank you for your previous post (which was funny and you were too kind with you compliments), as well as this one.

Quote from smallStops:

this means taking entry based on a small bar

You found my secret. That is what I was doing but on a higher time frame so the losses were bigger.
Actually, as I reworked my stats, Friday's losses were ~$750 lower than they would have been had I not reworked my stats Thursday night.

*you seem to be trading various strategies : 1-1, 1-0, 1-1-1 :
I guess 1-1-1 is a strategy after modifications.

I assume those are the number of contracts traded per individual trades. 2,1 and 3.
If that is the case, I switched to 3 contracts just to get a taste of (I also made and ATM in Ninja which I wanted to test.

Gabe

 

[smallStops]

Don't worry about compliments : may be if I wake up on the wrong foot, I will look for anybody to express anger.

Anyway, as long as you keep posting, talking of your trades, the more likely you will follow your plan. Which is the most important.