Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
i am trading with so much less fear, more confidence, and i want more, maybe this is greed, and i need to set targets and say, done?
i was writing some things for the trading plan, i considerer importants, and i find on this way
see the trend, or if non trending
start small with 1- 3 lot and build
see open, OSL, OSH, OR 1 or 2min?, OR 20´IB, compare with YV, Ylevels
trade well below the max power
target based on CDR
big stops
big holding time
wacht 15min/30 min/60min /240min/d/w/m ,vprofile ,vpoc vwap, Wvwap, correlation (6j, zb,zn,6e,6n,gc,dx), internals (adr,nvol,tick,breath)
trade with 5min and 4tr
and the main problem,
wait wait wait, be patience
open mind
hear the market
decide what to do and put the balls on the table and hold the position
add and scale out all the way riding it
upto.. cdr target, or major changes on PA
i do not know how do not get trapped yet and exit soon
but in general, i think i can do it
problem on my door, excesive risk and limit drawn down
if i pass this combi eq/targ/maxdd/maxdl 450k/20K/20K/10K
i will try 450k/20k/13k5/9K
Why this is still " and maybe use less contracts". There should not be " Maybe" when it comes to trading with less contracts.The quicker you understand this better off you will be.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
i pulling the targets because i want more, but at the end , i give back tons, and in some case all the profit
today i was scared with a pb and exit when i can add
later i hold well the trade and suffer severals PB pains
i could not did my plan to go long in the opening when i saw break osh, because i hold my short, instyead of take that profit and go long
i could not always wait wait
i use max position size
i think i made a lot of things bad, i start down -82p
and finally i was in track with one trade,
and the last one...give back everything
then ,there s a lot of room to improve
and finish up almost +140point
then is good
when i compare with my past, losing big and watching in hindsight the day, and thinking how is possible?with this nice moves , i do not get anything
unless now, i can get a little piece
the real score will be compare the profit per contract against the CDR, and the goal is to pass that
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Both Fed Chairman Bernanke’s remarks yesterday and President Obama’s speech last night about his jobs plan; combined, failed to reassure the market that a solution to the country’s economic woes was at hand, and the …
i have finished the combi 450k today
last trade +550p
i am done with that, i learn i can do it, i can win a lot, but a big risk and wild swings
it looks too much power by now
i lost the training benefits, i let open trades, exceed max dloss, exceed the max pos size(especially to recoup or i say now i know go with all, and it is not good) , i can not have the cum statistic ok
it s like a game instead of a job
i try to reduce size and the big swings i have
also if i go to do the real combine, i need to learn to scaling acordingly, and this could be interesting for increase or reduce position for security reasons (not as today i reverse 15lot)
lot $
2 0-1500
3 1500-2000
5 2000-3000
10 3000-4500
15 1500-7000
20 7000-10000
then the 150k parameters
dll 3000
max dd 4500
target 9000
let see if i slow down with this tight figures
i will continue with wide stop
but i start with 2 lot (i can not manage nothing with this, i think, maybe is a step back)
and the main plan is
see the trend, trade with it and hold the trade and capture a big % ADR
not trde noise, big stop, eager for points
and let see the results on the statistics and excell
i do not yet how exit to not giveback tons of points, i do not like SO, but maybe could be a compromize
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
$475,000 for custom combine may look like lot of money and give trader false sense to trade size. With the intra day draw downs limits and max. draw down, you can not trade 10 lots single trades. It will never work ( at least never worked for me). FOCUS on limits of drawdown. They are quite tight. If i was taking this combine, i will not trade more than 2 cars per trade. Maxium 4 for A+ set up.
Good trading.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
