10.30.2023/10.31.2023 -

still working on accepting the trade outcome and moving on.

W/L : 78%
Avg MAE: 12 ticks
Avg MFE: 35 ticks.


Screenshot 2023-10-31 131911


Screenshot 2023-10-30 062932

mewddsltd 

The first trade today was a loser .. got one of those aberrant fills that came close to hitting my max daily loss limit .. thought I didn't have much to lose so I switched to MES .. only traded 1 MES contract so I had breathing room .. at the end of the session, I was still red .. but had regained about 35% of the losses from that first trade .. 91 ticks earned trading MES .. thought that was pretty good this is 3 red days in a row .. dangerously close to blowing up this PA account .. gotta be careful .. probably trade MES for the next few days to gain a buffer ..

Keep sharing! I made some rules to follow before I enter trades. It helped today as I traded less. Consider having your loss limit lower than your profit target. I am also working on that.

What risk reward ratio are you using in your trades or at least trying to follow?


Sent using the NexusFi mobile app

11.01.2023

took breaks, was okay with some losses, have to accept the outcome and pick those low hanging fruits... still having bad entry chasing...

Screenshot 2023-11-01 121123

11.02.2023 -

• I need to double check and make sure that all my signals/indicator align
• dont chase, always entering at the high or low of the candle... be patient
• chill on the spamming of size. I got really excited and over spam the buy button to catch the nice trend up this morning

Screenshot 2023-11-02 151044

Hello @injpowwetrust,

As the NexusFi help assistant, I've been analyzing your trade summaries for patterns and points of improvement. Here are my observations:

Following Rules
There seems to be a pattern of inconsistency in adhering to your rules: adjusting contract sizes ( Post #890273, Post #890819, Post #890883, Post #891086), trading within the first 15 mins of the open ( Post #891034), and a tendency to let losing trades run too long rather than adhering to stop-loss limits ( Post #890392, Post #890541, Post #890819, Post #891034, Post #891062). Please remember the importance of following your trading rules; they are in place to help you maintain a profitable expectancy over time.

Distraction
While no significant distractions were noted, be careful to monitor for possible distractions which could affect your decision-making process.

Misread Market/Wrong Side of Market
In some posts, you've gone against the main trend, which can lead to losses ( Post #890392, Post #890640). Fuel your trading system with insights and try to follow the trend rather than combat it.

Removing or Altering Stop Loss
It's noted that you sometimes alter your stop loss limits during a trade ( Post #891034). This can negatively impact your risk management strategy and lead to larger losses. Try to avoid this practice.

Behavior Patterns
There's a pattern of overtrading, which can often result from a lack of discipline or emotional trading ( Post #890640, Post #890780, Post #891034). Try to identify what triggers overtrading for you and develop strategies to manage it.

Actionable Advice
Based on the patterns observed, I recommend improving adherence to your trading rules and your discipline. You may find it helpful to review your trading plan before each session as a reminder of the rules in place.

You're doing a great job identifying market trends and breakout points and taking steps to limit losses. Remember to learn from your mistakes and continuously adapt your strategies based on past performance.

Do continue to post your trade summaries and updates. This not only helps you reflect on your trades and learn from them but also helps me provide more specific advice in the future.

Best regards,
@Oracle

@bobwest - just as a heads up, a few links of the links quotes of my post and a couple ones from mewddsltd...still pretty cool.

Love actionable advice, I do need to remind myself of my rules before and after every trade.

Oracle 

Hello @injpowwetrust, As the NexusFi help assistant, I've been analyzing your trade summaries for patterns and points of improvement. Here are my observations: Following Rules There seems to be a pattern of inconsistency in adhering to your rules: adjusting contract sizes ( Post #890273, Post #890819, Post #890883, Post #891086), trading within the first 15 mins of the open ( Post #891034), and a tendency to let losing trades run too long rather than adhering to stop-loss limits ( Post #890392, Post #890541, Post #890819, Post #891034, Post #891062). Please remember the importance of following your trading rules; they are in place to help you maintain a profitable expectancy over time. Distraction While no significant distractions were noted, be careful to monitor for possible distractions which could affect your decision-making process. Misread Market/Wrong Side of Market In some posts, you've gone against the main trend, which can lead to losses ( Post #890392, Post #890640). Fuel your trading system with insights and try to follow the trend rather than combat it. Removing or Altering Stop Loss It's noted that you sometimes alter your stop loss limits during a trade ( Post #891034). This can negatively impact your risk management strategy and lead to larger losses. Try to avoid this practice. Behavior Patterns There's a pattern of overtrading, which can often result from a lack of discipline or emotional trading ( Post #890640, Post #890780, Post #891034). Try to identify what triggers overtrading for you and develop strategies to manage it. Actionable Advice Based on the patterns observed, I recommend improving adherence to your trading rules and your discipline. You may find it helpful to review your trading plan before each session as a reminder of the rules in place. You're doing a great job identifying market trends and breakout points and taking steps to limit losses. Remember to learn from your mistakes and continuously adapt your strategies based on past performance. Do continue to post your trade summaries and updates. This not only helps you reflect on your trades and learn from them but also helps me provide more specific advice in the future. Best regards, @Oracle

11.03.2023 - 11.07.2023 : No trades or trading sim here and there .

Busy with IRL/work stuff so no trading with distractions. Currently re-reading the big loser, I'm going to create a power point slide deck to help me remember my rules, so in theory I would like to read it before and after a trade.

injpowwetrust 

@bobwest - just as a heads up, a few links of the links quotes of my post and a couple ones from mewddsltd...still pretty cool. Love actionable advice, I do need to remind myself of my rules before and after every trade.

Thanks for the heads-up, and I'm glad you like what the AI had to say, when it got the right person ( ).

As it turns out, we'd already seen this. I found the issue a few days ago in your thread and also in @Rcap's. I'm sure there were others, but those were the links I checked:

NexusFi site changelog and issues/problem reporting Big Mike, I think it's generally good in summarizing things someone is doing and making suggestions. But I found one mistake it consistently makes. Sometimes more than one person posts in a journal (often, in fact), and it doesn't distinguish …

Mike made a change to only have the AI look at the thread starter's posts, and posted a revised version here:

NexusFi site changelog and issues/problem reporting bobwest, I am now filtering for only the thread starter's posts to be included. I re-ran on two threads, but posting here to avoid clutter. Rcap's And then injpowwetrust: Let me know what you think. It is hard to do apples-to-apples …

They all checked out, here:

NexusFi site changelog and issues/problem reporting I checked all the new links, and they are all to the right people (the thread starters). Bob.

---------------------

FYI, it's a good idea to keep track of what's happening in the changelog thread. New stuff gets announced and discussed there, and it's the best place to report a bug or an issue, or feedback on anything about the forum, actually.

Mike will be working on the Oracle AI now that it's had a couple of runs, and there will be changes in the future. At some point it will become a more steady aspect of the forum, not just something being tested. In the main, people do seem to like it so far, and I agree that the specific advice is generally good and is very actionable, which is what people want.

Thanks again for the feedback.

Bob.

11.10.23 & 11.13.23 - still getting caught on buying higher highs... going to be more aware about it tomorrow. I'm did DCA a few times, but I got out quick. I don't want to get back into the habit of over holding a losing position. Try again tomorrow and work on good habits.


Screenshot 2023-11-13 160552

11.14.2023 -


I thought about trying mnq last night ... did it this morning, yup its hard no for me lol... two trade had their s/l hit at 80 ticks, wow.

I did increase my contract size today, but I kept it under control. I entered on higher high once, and I did dca on it. Luckily today was trending day, so I was able to recover from the mnq loss.

Tomorrow's goal is to just focus on base hits, forget about p/l. No DCA and no getting in on higher highs/fomo chasing.

Screenshot 2023-11-14 083443