The treacherous path to $200k a year
- Thread starter coolweb
- Start date
I've been trading every single day, simulation/ 1 contract you know the usual, Net profitable last week like +40! 
Heres whats on my mind:
Looking for that sweet spot entry point for shorts
Looking for that sweet spot entry point for longs
Stop on NQ: 2 ticks
I just signed up to tradestation after missing quite a few of my setups, I hope to automate the detection process so It'll alert me by audio when the setup comes.
Question for all tradestation userS:
1) I'd like to detect the volume for each 15 minute or 5 minute bar, see if
this 5 minute bar's volume is less then last 5 minute bar
any info on this?
2) I 'd like to setup some audio for it to yell at me when a setup comes, doable?
Thanks
Heres whats on my mind:
Looking for that sweet spot entry point for shorts
Looking for that sweet spot entry point for longs
Stop on NQ: 2 ticks
I just signed up to tradestation after missing quite a few of my setups, I hope to automate the detection process so It'll alert me by audio when the setup comes.
Question for all tradestation userS:
1) I'd like to detect the volume for each 15 minute or 5 minute bar, see if
this 5 minute bar's volume is less then last 5 minute bar
any info on this?
2) I 'd like to setup some audio for it to yell at me when a setup comes, doable?
Thanks
coolweb, you are hilarious . I love your posts 
Ah what a month can do for your trading.
I've been testing my system back and forth, taking out things, adding things, renewing things, all in real time executions.
basically adding onto the ideas of the foundation of
Momentum, things take a while to change direction, understand the laws of jumping, differences of short patterns and long patterns, sweet spots for entry for longs, sweet spots for entries for shorts, stop testing, stop statistics.
Well where am I now,
first, I laugh at all the haters who tell me futures is not a good market to trade in, I don't know maybe you have been hit with the blind stick, this market is THE MARKET. You haven't learned to trade until you trade in a pure price market effected by nothing else but volume and price.
second, I love the posts about volumes on this forum, while I know several very skilled traders who don't use volume to make money ,I see more skilled traders who do use volume, I find some of the opinions about it laughable.
third, I love simulators, run your tested ideas using your broker, run your untested ideas using simulators.
How much money can be saved like that? a whole lot of happy meals
hell I'm only trading one contract and its saving a bundle.
fourth, I love volume.
fifth, I love signal programming. I will elaborate later.
sixth, While I know some people who trade 2 contracts and are fine with it, I sometimes don't understand why, but in a few months I'll be leveling off to 20-50 contracts.
And work up to 100 contracts 1-3 tick stops.
eigth, While everybody is looking for an edge, I find the edge is the best when you know the sweet spot entries, everything else is bullshit or after effects or not as important.
Let me tell you entry is not just looking for a price to enter into, it consolidates a whole range of things such as price range consolidation, breaking high? dropping low?, volume? previous movement actions.
You pretty much have to know the foundation of the game to enter properly with exact sniper precison for the least risk.
nineth I also find the edge to be the best in stops.
10th, I like to thank all the traders who posts up their knowledge and experiences on this forum and priv msgs me with advice, true respects from me, the archive function is like a gold mine, I never forget people who help me to the top. I recommend any newbie to start searching out the players and read everything they have to say. I would not be here if it wasn't reading the experiences, it advanced my learning maybe 5x faster.
I also like to show my ass to all the haters who don't post nothing but critisicm without substance, seriously, in this game its not how much you know, but how much you have in your bank account.
I will start posting some results, but I want to stay a bit more consistent before posting and iron things out.
I like to show the people what futures trading is all about, its the hottest game in town for people who UNDERSTAND the foundation of trading methologies.
I like to show what it takes to become a top 1% in the trading game, it takes unending persistance, effort , attitude, extreme logic, and the ability to not self deceieve oneself on mistakes.
I'm here to MAKE IT HUGE, BURN THE SHIPS, Its conquer or be conquered.
I hope to reach 20-30 contracts by the end of this year,
My goals this month and a half (august-september):
1) Iron out everything in my TS signals
2) Impove tick analysis
3) Absolute optimum trade management after trade
when to exit with 1 tick lost, when to exit at breakeven, when to exit at 2 tick losts. when to exit.
4) increase contract level to 3 by september end. or start of october. currrently 1.
As I said before, I'm in the game to make $200k mininum a year, I want to run up to $100k a month with 100 contracts per run.
I hope to do that by next year.
My usual risk is 1.5:5-10
I am net profitable now.
Will improve consitency constantly now.
I've been testing my system back and forth, taking out things, adding things, renewing things, all in real time executions.
basically adding onto the ideas of the foundation of
Momentum, things take a while to change direction, understand the laws of jumping, differences of short patterns and long patterns, sweet spots for entry for longs, sweet spots for entries for shorts, stop testing, stop statistics.
Well where am I now,
first, I laugh at all the haters who tell me futures is not a good market to trade in, I don't know maybe you have been hit with the blind stick, this market is THE MARKET. You haven't learned to trade until you trade in a pure price market effected by nothing else but volume and price.
second, I love the posts about volumes on this forum, while I know several very skilled traders who don't use volume to make money ,I see more skilled traders who do use volume, I find some of the opinions about it laughable.
third, I love simulators, run your tested ideas using your broker, run your untested ideas using simulators.
How much money can be saved like that? a whole lot of happy meals
hell I'm only trading one contract and its saving a bundle.
fourth, I love volume.
fifth, I love signal programming. I will elaborate later.
sixth, While I know some people who trade 2 contracts and are fine with it, I sometimes don't understand why, but in a few months I'll be leveling off to 20-50 contracts.
And work up to 100 contracts 1-3 tick stops.
eigth, While everybody is looking for an edge, I find the edge is the best when you know the sweet spot entries, everything else is bullshit or after effects or not as important.
Let me tell you entry is not just looking for a price to enter into, it consolidates a whole range of things such as price range consolidation, breaking high? dropping low?, volume? previous movement actions.
You pretty much have to know the foundation of the game to enter properly with exact sniper precison for the least risk.
nineth I also find the edge to be the best in stops.
10th, I like to thank all the traders who posts up their knowledge and experiences on this forum and priv msgs me with advice, true respects from me, the archive function is like a gold mine, I never forget people who help me to the top. I recommend any newbie to start searching out the players and read everything they have to say. I would not be here if it wasn't reading the experiences, it advanced my learning maybe 5x faster.
I also like to show my ass to all the haters who don't post nothing but critisicm without substance, seriously, in this game its not how much you know, but how much you have in your bank account.
I will start posting some results, but I want to stay a bit more consistent before posting and iron things out.
I like to show the people what futures trading is all about, its the hottest game in town for people who UNDERSTAND the foundation of trading methologies.
I like to show what it takes to become a top 1% in the trading game, it takes unending persistance, effort , attitude, extreme logic, and the ability to not self deceieve oneself on mistakes.
I'm here to MAKE IT HUGE, BURN THE SHIPS, Its conquer or be conquered.
I hope to reach 20-30 contracts by the end of this year,
My goals this month and a half (august-september):
1) Iron out everything in my TS signals
2) Impove tick analysis
3) Absolute optimum trade management after trade
when to exit with 1 tick lost, when to exit at breakeven, when to exit at 2 tick losts. when to exit.
4) increase contract level to 3 by september end. or start of october. currrently 1.
As I said before, I'm in the game to make $200k mininum a year, I want to run up to $100k a month with 100 contracts per run.
I hope to do that by next year.
My usual risk is 1.5:5-10
I am net profitable now.
Will improve consitency constantly now.
Quote from coolweb:
I want a used porsche, not a new one. I may be stupid but I ain't completely retarded to pay $30k extra just for the new car smell that goes away in a week once my sweaty ass gets in there.
--------------------------------------------------------------------------------
My new car smell stayed for a couple of years....hehe
Prob wasn't good for my health.
And a car of that caliber MAY drive better when it isn't used. Well, I drive my cars pretty hard.
I want a used porsche, not a new one. I may be stupid but I ain't completely retarded to pay $30k extra just for the new car smell that goes away in a week once my sweaty ass gets in there.
--------------------------------------------------------------------------------
My new car smell stayed for a couple of years....hehe
Prob wasn't good for my health.
And a car of that caliber MAY drive better when it isn't used. Well, I drive my cars pretty hard.
Hello BWillis,
HEre are some people I thought were very influential in how I approach the markets
1) Scientist (General trading/scalping knowledge)
2) Lefty (very important ideas in development)
3) spike500 (system development)
4) AMT4SWA
5) NihabaAshi (patterns/candlesticks/predictions)
6) futurestrader (general)
7) Cutten
8) WaveTrader2004
I've read every single posts from these posters, they lay a very good foundation in intraday futures trading mainly because they are in use ideas, not outdated.
Very few of them use indicators I believe, I believe AMT4SWA uses MACD only.
HEre are some people I thought were very influential in how I approach the markets
1) Scientist (General trading/scalping knowledge)
2) Lefty (very important ideas in development)
3) spike500 (system development)
4) AMT4SWA
5) NihabaAshi (patterns/candlesticks/predictions)
6) futurestrader (general)
7) Cutten
8) WaveTrader2004
I've read every single posts from these posters, they lay a very good foundation in intraday futures trading mainly because they are in use ideas, not outdated.
Very few of them use indicators I believe, I believe AMT4SWA uses MACD only.