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)
ES bot did not take any trades today. IB's were around S/R areas. Another losing day for E7 bots. I made some modifications to this bot now to consider pivot points and Weekly S/R areas.
I am wondering if I can ask you to name five things you feel you have significantly improved on so far, and maybe five things that you know you still need a lot of work on. ?
Here is what I think, Things that I have improved
-Being more patient than before. Reduced anxiety and frustration. Accepted the fact that it will take long time before I start seeing profit consistently.
-Moved to ES, E7 from CL which is less volatile and matches with my nature. Also it has reduced risk per trade so now more comfortable with entry exits.
-Decreased number of trades per week to only 4 to 5 good ones and not chasing after every single entry.
Things I need to work on
-Still looking for a better edge. This time trying with semi-automated strategy on ES. Thinking that this will be a better approach. Let's see how it goes. So far it's looking promising.
-Need to work on money management considering my small account.
-Still need to work on psychological aspects of Trading.
No Trades on any bot. Morning market was looking very choppy, so I stopped bots from running. In afternoon I allowed shorts only because of down market. But no trade was taken.
Both bots did not take any trades today. In morning market was choppy so I did not allow any trades. In afternoon there was not proper Inside Bar to trade.
I did one manual trade on M6E that was good for 20 ticks.