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04.13.2023 : FAIL : booooooo, broke my rules while trading sim : $ -1700
I opened up a few more 50k using the discount, "SAVE90". There is no doubt in my mind, I will fail a few of these PA. Its unfortunate, but I'm unable to follow my rules. haha, very apparent in my journal thus far. It sucks, but I have to accept that fact. I also am in the process of setting up some ways to force me to adhere my daily draw down limit. GAT and Cold Turkey.
Well, in the middle of working, I entered a trade which I thought was only set up for sim only (I use a trader copier). Well, that was a bad idea, I forgot to unclick a few PA accounts, or maybe NT8 bugged out on my misclick, either way. It got along the ride with my sim account. Yeah, I'm about to bust a few PA accounts and its barely day 1. Fuck! I have a bad habit of trading while in long boring ass meetings. ugh!
thank you for your post, I'm going to do the same setup! Cold turkey for NT8 and RTP after 9 AM PST.
Next week, Ill be trading sim with new eval accounts! I'll trade PA starting next month!
have you tried NT8 AccountEquityGuard from the ecosystem?? one version of this running on any asset will control all trades .. manual or auto-
for example .. start it on CL and it will manage (close) any trades you may have on CL, ES, YM, etc when you reached profit // loss .. will stop/close all strategies AND prevent them from being started (if E-G is running)
so you can set your limits and let AcctEqGuard do its thing ..
hi, I did give NT8 AccountEquityGuard a try, but it didn't seem to work for me, probably user error on my part. I'm will be using Guardian Angel starting next week. I didn't get to catch the webinar, but what you are saying makes total sense. I plan to do exactly that, and tighten things up. I give myself too much freedom when I trade, always focusing on the "potential" futures profits. I will start posting my charts next week, hopefully to help showcase my trade plan... the idea is to be accountable. Btw, how many month are you in since passing the eval? Congrats!
first PA account was funded at the end of Dec '22 ..
second PA account was funded the first week of Jan '23 ..
third PA account was funded at the end of Mar '23 ..
fourth PA account was just funded .. mid-Apr '23 ..
did overtrade two accounts and ended up losing too much .. so I only have two accounts ..
Darrel Martin (APEX) has a video where he promotes the idea of recognizing short trends where you can earn 5 ticks .. do that three times .. earn at total of 15 ticks .. and then walk away for the day ..
this is where I am at and this concept has been working for me .. except when greed, FOMO, and other emotions take over and I overtrade ..
Darrel then suggests learning to recognize larger trends after achieving consistent success with this short-term ("scalping") strategy ..
this is where I am at .. learning to recognize larger trends and staying in the trades longer
You are not alone , been there a number of times too. Same pattern, either diligent work or gaming evals, passing the test and blowing up immediately. Sometimes after weeks of careful trading. There are bigger issues at work that we need to deal with, that even platform risk management addons cannot heal. But it's a start. It can give us a window of opportunity to address things in our trading. For me, one of the big takeaways is to take a long term approach. Passing the evaluations is only just the beginning. As your thread states clearly, it's a journey!
I like take on working the evals like the ones one rung below ($5K drawdown like $2.5K, etc.).
I used spreadsheet idea to create a similar one .. user input is in the light blue cells but all of the other calculations are calculated and protected .. send me a DM if you would like a copy of the MSExcel file ..
04.13.2023 - PASS - day 1 - 5 accounts
04.14.2023 - FAILED - blew up
04.17.2023 - FAILED - blew up
04.18.2023 - FAILED - blew up
04.19.2023 - FAILED - blew up
04.20.2023 - FAILED - blew up
04.21.2023 - PASS - day 1 - 5 accounts - +$800
haha, well the soap opera continues. I've been struggling, went back to lab to figure how to lock it down. My "overtrading" is killing me right now. I have too many "entries" that are loose even as a discretionary trader. I blew through 35 evals I think. I'm still unable to stay true to my daily loss limit. I keep turning it off (GAT) ugh! What an idiot! I hope next week, Ill be able to keep myself from breaking this rule. I have only myself to blame, it was a tough week, but I was still able to get a few winning trades. I just couldn't keep my stupid self away from doing the wrong things.
A few ppl have posted and mentioned the "one trade" a day approach. I will attempt to do "one" trade a day next week. Regardless win or lose, I will lock NT with GAT. I like to watch, but I find myself itching for a trade, which sometimes leads me to blowing up my account after a couple of losses. This is the main reason why I blow up my account. My expectations are ridiculous, always trying to make back what I lost, or I overtrade and lose all my gains for the day. I think my system will hold up, it averages around 55%, but we will see.
My struggles are all in my head, I need to stop and accept the reality. Its a game of statistics, I know that, but for whatever reason I cant think like that when I'm in a trade, or in the day trading hours.
I think I'm in a much better head space now. I know I said in the last post, I would start posting charts, but I didn't, I was embarrassed with how I traded. It looked more like I was gambling. haha, probably am!
Anyways, I will post my charts and plan on Monday!
Thank you for everyone's support! Lets all do better next week, what crazy week!