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)
A slow day for me, i missed some nice action in the time between the end of my Gauntlet and the set up of this account.
Hopefully the markets isn't going back to the very slow day's i had during the last 2-3 weeks of the Gauntlet!
I need some action !
Total loss for today -$88,8.
Edit: i had one more trade yesterday ($200 loss). That is why my starting balance today doesn't match the end balance from yesterday's post.
What a day, i had huge lagg problems with my Rithmic dom, i had to restart Rithmic multiple times during the session before it stopped lagging like crazy. I am not sure if it was/is a problem with my desktop, internet connection or something else but it was very very frustrating and costed me close to 200$.
Once everything started working normal again i had 1 more losing trade so i am going to quit for today, i want to avoid bad trades out of frustration. My first 3 day's so far where horrible, so far i haven't had any decent signals ... 2 break evens and all other trades where losers so far.
Some nice moves today after a few range channels however nothing i could take advantage of.
Total loss for today -$303,2. No reason to panic just yet but things need to change soon, just 1436$ draw down left.
Only 1 legit trade for me today, i did 2 but the first one shouldn't have been done, it was too late to exit break even so it resulted in a loss. The other trade was a good one, however i closed it early since it looked like the market was going in a range, instead it ended up going +20 points in my direction ...
Anyway, the losing streak is broken now so hopefully this is the end of it as well .
Something wrong with Rithmic today, it seems like it did not reset my P&L from last Friday.
As you can see in my screenshot it says P&L -$257 but this is incorrect, as you can see the balance went up from last Friday.
The profit for today is $46,2 .
Edit: I have spent the weekend slightly adjusting my trading system, just a tiny bit. However this should result in more consistency and less losing trades.
Some friendly advice to be very careful here.., in a drawdown it becomes very tempting to start to tweak the very thing that got you success in the first place.
Personally, I am very focused on eliminating mistakes/errors and find that is a huge help
Thanks, that is exactly what i have done here. The system is still 100% the same, i just focussed on avoiding some of the losers.
Since i started my live account there has been very little volatility and my system needs volatility to perform well.
However, you are right. I will do some more backtests to see if the change i made actually would have improfed my Gauntlet result or not.
I had the same problem with rithmic! I was in winning CL trade short, then d/c (due to lag issues?) then when I got back it hit my TSL... I would have flattened it if I were not dc for 6mins it barely missed my TP by just 2 ticks!
Informed e2t. My european friend also told me he has rithmic issues at times...
!
.
