Trying out an E2T TCP 50

[Sekiyo]

Well ...

Apex charges you 1/10 of the price.
WTF seriously WTF

Have you already seen a Mercedes sold 1/10th of its price ?
Might give it a try but I expect this to be wasted money.

Might try the 25K. Cheapest one but EASIEST of all combines.
Need only to 4x the account before to actually withdraw anything (1500$)
Which is about 100x the cost of the combine (14.70) with the lowest difficulty.

Otherwise the is the 50K Full. Rank #2 as per my table + 3rd easiest (4.8x)
Payout is 200x @ 16.70$ for 3,000$ ... Uhu ... Sounds too good to be true.

 

[Sekiyo]

 

[Sekiyo]

Would be great to do some statistical analysis based on key levels
Like where does the close stands most of the time based on the pattern
(Assuming they are ranked in a descending order)

We would get the inputs just before 9:30 am ET

Any insight @Laissez Faire ?

Ytd High
Eth High
Open
Ytd close
Eth Low
Ytd Low

Or this

Eth High
Ytd High
Ytd close
Open
Ytd Low
Eth Low

Or any other possible combination ...
Problem is I don't have tick data access,
So I can't include the overnight range into analysis.

 

[Sekiyo]

Where is the money ?
Go where the money is flowing.
Market -> Sector -> Industry -> Ticker -> Side

What does the market has to offer ?
Let the market prove itself and do the hard work.

Stay out if the market has nothing to offer,
I won’t take the next trade if (I can’t) the market can’t double my daily bankroll.

If the market can’t do it for me then I won’t be able to do it all by myself.

The market needs to be on your side.
We can’t surf and thrive without strong waves.

Strong waves take times to develop / end.
Linda Raschke says “You should capture 1/3”

The only thing we should be doing is scaling in and out of (Trading around) the position based on how the trade unfolds.

Reward (Scale in) your best thoughts and dampen (Scale out) your worst ones.

Scale in could simply means to double down,
Scale out could simply means to halve it down.

At the beginning the uncertainty is at its maximum. Which implies zero edge. 1/N but as the trade develops then uncertainty leaves place for more information and our edge becomes more apparent.

Investment for battle survival is really a great read. Alongside Reminiscences of a stock operator. Best trading books ever.

Now I need to find real world solutions to my paper trading problems.

Have a nice weekend

 

[Laissez Faire]

Would be great to do some statistical analysis based on key levels.

Any insight @Laissez Faire ?

Ytd High

Ytd Low

To answer all your questions would be beyond a single post. Besides, you need to put that information together yourself if you are to trust it and ultimately trade it yourself with confidence.

I can give one general answer, though.

On ES, both Inside Days (11%) and Outside Days (9 %) are rare.

What this effectively means is that 80 % of all days will either take out the prior day high or low.

If you want to capture the bigger moves, IMHO, you need to be able to predict/visualize the day ahead and not read too much into the next tick up or down which ultimately is just noise within the day's larger range.

For yesterday, my prediction for the day was 4150 as long as the day low was not breached. We overshot that by 13.25 points, but otherwise fairly on point.

 

[p0box4]

No, I'm not a funded trader. I run my own account. But I follow most of them and have studied their policies. E2T is transparent. Their payout policy is straight forward - no waiting months for a payout like Apex. With Apex, the evaluation period may be 5 days, but then you have a 20 day waiting period before you can even ask for a partial payout. Activation fees are huge too. TopStep has so many convoluted rules you need to be Houdini to figure them out.

Anyway, best of luck. Hope it works out for you.

Again, not even close to the truth .

1. With Apex you can withdraw after 10 days, yes only partial in the beginning, which is the only way E2T beats them. You might not like this rule, but you can't say they aren't transparant. Everything is very clearly explained on their website. If you feel the rules are convoluted, i think the issue isn't the rules, but rather your brain capacity.

2. There is either a ONE TIME fee, or a $88 monthly fee with Apex. With E2T you have to pay professional data fee, which ends up being MUCH more expensive compared to Apex (up to $420/month).

How can Baron allow all this lying, its been going on for months now with this guy.

I rarely put people on ignore but this guy gave me no choice, he is breaking apart every funding firm out there, but everything he say's are lies, all to defend E2T. I am starting to suspect that he is in some way affiliated with them.

He can dislike the funding industry all he want's, something that i share wit him, but that doesn't mean he should be allow to blatantly lie about other funding firms.

 

[Sekiyo]

 

[Sekiyo]

The 1st step of trading is risk
Trading without risk is meaningless.
Risk is our unit of measurement / judgment.

Learn to keep risk minimal, to minimize it.
If a trade has more than minimal risk. Skip it.

The 2nd step of trading is reward,
Reward to risk. The more. The better.
That’s what we’re hunting for. Mammoth !

The 3rd step of trading are probabilities
Is it realistic ? How much should we bet on it ?
They justify fear, greed and our degree of exposure.

 

[Sekiyo]

Today I had the really bad idea of trading Palladium. 50$ tick value and 5 ticks wide Bid / Ask spread.
One transaction per minute in average.

 

[Sekiyo]

Love trading NQ alongside ES

Unfortunately I missed the short on NQ,
NQ was above resistance while ES kept below,
I wanted to short NQ once it went below resistance.
Placed the limit order to sell but it was already too late.

Took +1 point on ES ... What a shame
Sold ES @ 37 and it went straight down to 35,
Then it had a little pullback to 36 and got scared.