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Ready Aim Fire Bullseye


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Ready Aim Fire Bullseye

  #111 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842

Well, I hate to burst your bubble, but what about commissions?

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NinjaTrader
 
  #112 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274


bluemele View Post
Well, I hate to burst your bubble, but what about commissions?

Pls see the attachment. Commissions of $4 per trade taken out. Net: two dollars!!!

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  #113 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842



HighRise1202 View Post
Pls see the attachment. Commissions of $4 per trade taken out. Net: two dollars!!!

Ha-ha... Yes, I did look and saw even numbers on the last few. I guess commissions aren't even so I ASSUMED that you didn't plug them in. GOOD JOB!

You know, counting the days between BE and losses are HUGE. If I had a choice between taking BE and the difference on my Negative days from BE to the difference on my positive days then I think it would be a tough choice! haha...

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  #114 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842

Tough day today. You did good staying out of the ranging periods mostly!

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  #115 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274

TF opened with a foot on 440. I was late getting set up and didn't go for it. There was also huge divergence which I did not notice. I didn't feel good about the indicators...no clear trade set ups. But I did place a short right at the end of my trading period. WHY? Because price had reached the day's high and a double top from last month. 610 was up gently on the rail. Bottom line; I forced myself on the market...or I need 2 point stops. This is the second day I've done this.


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  #116 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274

Saw one trade I was confident to enter. It worked out. The book The Daily Trading Coach is helping me.


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  #117 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842

You did good on the predictions!

Good trade, nice patience!!!

I am happy you are doing better.

I am curious, is that an S&R indicator you are using?

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  #118 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842

Days like today are where you learn the most. I believe you were experimenting with stops some right?

I believe there is no need to do that live as visual backtesting will give you plenty of those.

This is all part of the journey and you are getting better and I can see it. Just a matter of making your losses smaller and your profits larger right?

I could hear the emotions in your voice at the end. Atypical for you. Flush this day behind you after you have your lessons and use it as a stepping stone.

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  #119 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274

Be prepared and relaxed by the time the market opens and the bell rings. Today I was not. Still, I HAD to trade, while thinking "wait." Two quick stop outs, then a good trade to break even. BUT I WANTED MORE. Went click crazy. This is just like sports. You think you've got your swing grove working and ZAP, you're playing like a spastic.

Thanks for the encouragement Bluemele.


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  #120 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274


Must have been an easy trading day 'cause I see many NFT'ers have uploaded videos.

Missed a decent foot at the opening. It's in my trading plan.

Took short at 8:55 Central Time. Moved my stop loss down and it got tapped. Leaving stop would have provided trade of the day. I need a goal for handling stop losses. Any suggestions please?

Got in late on another nice foot. Did not detect an indicator signal in a timely fashion. Gave to gifts and finally caught the long. I repeated history, moving stop loss up and it getting tapped before price headed higher.

Was happy I tightened up my plan, in writing, and was diligent to execute it. Still, one of my trades was made outside the plan.


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