Trying out an E2T TCP 50
- Thread starter Sekiyo
- Start date
I really enjoy this NT Widget.
It's sorted by net change, tick value wise.
IMO it's more meaningful than Pts or Pct change.
Well done NT !
Might try to trade what's in Play,
Instead of ES only ... Let's see
If you guys have any advice about it.
I am all hears ! What, Where, When, Why
It's sorted by net change, tick value wise.
IMO it's more meaningful than Pts or Pct change.
Well done NT !
Might try to trade what's in Play,
Instead of ES only ... Let's see
If you guys have any advice about it.
I am all hears ! What, Where, When, Why
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Thanks, Luck is always welcome !
Doesn't build character, though.
May the force be with you !
Some words from Jimmy Jude
Wait. Wait. Wait. Wait. Wait,
Slam it with huge size,
Do not freak out,
Stay in control
Squeeze it,
Walk away.
Wait. Wait. Wait. Wait. Wait,
Slam it with huge size,
Do not freak out,
Stay in control
Squeeze it,
Walk away.
Profitability is about
Win Rate & Reward to Risk.
If you’re trading against one of them,
Then you’re being unprofitable.
If you’re trading towards both,
Then you’re being profitable.
Size up your edge.
Trade small with a little one.
Trade bigger with a greater edge.
Avoid mental roller coasters,
Focus on your processes
Detach from your PnL
Like a professional,
Be prepared to perform at your best
Psychology, Physically, Strategically, Tactically
This is no bullshit,
If you have behavioral issues,
You won’t reach the top 5% in trading.
Or anywhere else ! That’s what it takes !
Work on yourself first.
Discipline, Courage, Perseverance …
All those things that make a top performer.
They say trading has no transferable qualities …
That’s because they didn’t dare to learn.
They thought it was drawing lines,
Or being a lazy rich quick.
It’s about becoming a better person
Which is a very useful skill in life.
God Bless You
Win Rate & Reward to Risk.
If you’re trading against one of them,
Then you’re being unprofitable.
If you’re trading towards both,
Then you’re being profitable.
Size up your edge.
Trade small with a little one.
Trade bigger with a greater edge.
Avoid mental roller coasters,
Focus on your processes
Detach from your PnL
Like a professional,
Be prepared to perform at your best
Psychology, Physically, Strategically, Tactically
This is no bullshit,
If you have behavioral issues,
You won’t reach the top 5% in trading.
Or anywhere else ! That’s what it takes !
Work on yourself first.
Discipline, Courage, Perseverance …
All those things that make a top performer.
They say trading has no transferable qualities …
That’s because they didn’t dare to learn.
They thought it was drawing lines,
Or being a lazy rich quick.
It’s about becoming a better person
Which is a very useful skill in life.
God Bless You
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Just listened to Brannigan on Axia Futures,
He talked about 11 Habits of successful traders
One of them is “Risk Warmup”,
You don’t start the day with your full size.
Reminded me of a FutureTrader71’s talk on risk.
He introduced the concept of intraday margining.
My interpretation of this …
1. You need to know your maximum size
2. Define your Maximum loss & Minimum profit
3. Current PnL which is within above parameters
Let’s say your maximum size is 10c
Your Max loss & Min profit are 1,000$
Based on this (Proprietary
) formula:
(Max loss + PnL) / (Max loss + Min profit) x Max Size
If current PnL is -500$
Your size should be 25% or 2c
(1000 + -500) / (1000 + 1000) x 10c
If current PnL is 0$
Your size should be 50% or 5c
(1000 + 0) / (1000 + 1000) x 10c
If current PnL is +500$
Your size should be 75% or 7c
(1000 + 500) / (1000 + 1000) x 10c
If current PnL is more or equal to +1000$
Your size should be 100% or 10c
(1000 + 1000) / (1000 + 1000) x 10c
The goals being:
- To avoid hitting your max loss with full size
- To trade less at your worst and more at your best
He talked about 11 Habits of successful traders
One of them is “Risk Warmup”,
You don’t start the day with your full size.
Reminded me of a FutureTrader71’s talk on risk.
He introduced the concept of intraday margining.
My interpretation of this …
1. You need to know your maximum size
2. Define your Maximum loss & Minimum profit
3. Current PnL which is within above parameters
Let’s say your maximum size is 10c
Your Max loss & Min profit are 1,000$
Based on this (Proprietary
) formula:(Max loss + PnL) / (Max loss + Min profit) x Max Size
If current PnL is -500$
Your size should be 25% or 2c
(1000 + -500) / (1000 + 1000) x 10c
If current PnL is 0$
Your size should be 50% or 5c
(1000 + 0) / (1000 + 1000) x 10c
If current PnL is +500$
Your size should be 75% or 7c
(1000 + 500) / (1000 + 1000) x 10c
If current PnL is more or equal to +1000$
Your size should be 100% or 10c
(1000 + 1000) / (1000 + 1000) x 10c
The goals being:
- To avoid hitting your max loss with full size
- To trade less at your worst and more at your best
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