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Thanks for this video on rookie mistakes on trading with volume profile. I am using volume profile as well as trendline indicators to pick up the directional bias.
I also trade NQ futures and the only way I am able to turn the corner is by limiting my trades to 3-4 winning trades of 4-5 pips, so make 15-20pips per contract and then stop. No overtrading is the key and have stoploss set... It is the day I decide to not use stop that market explodes against my position.
I think you have made a good choice, on Ninjatrader platform are available some of the best indicators and it's chart trader provides automatic Stop implementation which can be a game changer.
My response was based solely on this statement above. It appears that you are suggesting that GruttePier is not a live trader. On FIO, many people post amazing trades, but then it becomes clear they are not trading live. That is what it appears like you're saying -- that he appears to be a good trader, but that he trades on sim. Your statement, "When you decide to go on live for real money" is the reason I thought you did not believe him to be a "real" trader.
It's often the case that people on FIO are blowing smoke, but GP is not one of those people. He trades live, with all the frustrations, joys and in-betweens that come with trading. He is also a friend of mine, which is why I rose to his defense. If, as you say, you meant only that you admire his trading, that's great. So do I.
If I drew the wrong conclusion, I humbly apologize, but I'm not the only one, as I've received a handful of messages from folks familiar with GP asking about your comment. The general consensus was that you were calling him out as a sim trader.
I feel like futures.io is delightfully free from this type of thing for the most part, either that or I’m somewhat blind to it.
I feel a journal’s purpose is first to help its creator navigate their journey. Based on this premise there is no value in blowing smoke, so the creator is merely wasting their own time. Others can learn from and find value in them too and i guess that is where things get more complicated.
I read a handful of journals religiously and try to stay current with a bunch of others. I find value in them all. Even if on does seem to be “blowing smoke” it usually points to something that i could be doing better as a trader.
But you reminded me of something that I go back and forth on in my own journal which is posting the filled order summary. I always felt it seemed redundant.
I think in the end a journal is a learning tool and a way to help each other too. YMMV.
I am new to the forum, have been lurking around, reading post and threads. This seems like a very helpful community. I am currectly backtesting strategy, about to move to live trading. I trade ES with IB and NT7.
New to the group. Primarily trading Stocks, Oil, Gold, and Bitcoin. Looking to learn how to Convert some Pinescript Indicators and Strategies from Tradingview into the ThinkorSwim Platform, to Create some Scanners, Backtesting Strategies, and hopefully one day Implement Automated Trading in TOS.