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)
All right, lets look at how I am performing after seventeen trading days.
Total Net Profit: -$349 (Dipping into red zone in week three. Bad performance.)
Maximum drawdown: -$884 (Same as last week.)
Percent profitable: 35 % (Same as last week.)
Ok. Last week of the month. Will I survive it without breaking the trading combine rules?
6J trade
Short off a previous breakdown volume. The price moved rapidly into the level but the volume started to build so I took the shot. Stopped right away.
After the fact screen:
6J trade
Long of a previous breakup volume. The volume started to build just above the level so I decided to give it a try and put the order two ticks below the highest volume. Got the 2:1 and 3:1 targets. The price got to my opposite level and made a turnaround and stopped me.
6E trade
Long off a previous breakup volume. The level was not that strong after I revised it. After the volume started to build I took I long a got stopped immediately.
After the fact screen:
6J trade
Same setup as in previous trade. This time on 6J. Long of a previous breakup volume. Almost got stopped but this time I was lucky and the market turned my way. Got the 2:1 and 3:1 fast. The last contract was mismanaged because I had to leave the computer. The 7:1 target was missed by two ticks. Normally I would tighten my stop. This time I had to let it run with my stop behind the swing VWAP. After a correction the price got to my final target as well.
I can't believe you're posting this.
If I was an OFA based trader I'd be even more disturbed. You don't think you're giving edges away for people to build more algos around? fyi I also do have OFA products.
1.
He's foolish to be giving his edge away. He misses targets already in cL due to some of his edge being copied or out manuevered.
2.
Just cause you're down doesn't mean the entire method is bad.
3.
Yes it is possible. If you backtest 2yrs ago the edge was different. With him releasing to Tradeovate. What does that mean? A flat fee for unlimited contracts traded. That means I can trade 5mil contracts with 1 fee. Not 2.85 or etc a lot. This will increase churn and affect edge.
4. As a paid consumer yes. It is disturbing to me that I paid for a product and methodology that he gives it out freely. I have pmd other owners and many do not feel the same. But I myself am not amiable to people posting edges that I paid for with my money, time, aor effort. It is still a zero sum game. For a winner there is a looser.