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APEX 300K+: The Journey


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APEX 300K+: The Journey

  #11 (permalink)
 oztrader25 
Newcastle
 
Experience: Advanced
Platform: Ninja MT4
Trading: ES
Posts: 47 since Aug 2011
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In my opinion you are trading too many times in a day

a $300000 Apex evaluation account is really a $7500 account as that is all you can loose before having to reset

Would you trade like you do if you only had $7500

I see that you visited my post earlier Did you read the way I trade
It is much less stressful just taking one or two trades a day

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  #12 (permalink)
 
injpowwetrust's Avatar
 injpowwetrust 
San Francisco, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 211 since Feb 2023
Thanks Given: 1,275
Thanks Received: 419

3.08.2023 - No trades today, internet was wonky this morning.

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  #13 (permalink)
 
gdplus1's Avatar
 gdplus1 
Chicago
 
Experience: Intermediate
Platform: NinjaTrader, MBTDesktop
Broker: Manduca/Rithmic, MBTrading.com, e-futures
Trading: ES NG
Posts: 40 since Dec 2009
Thanks Given: 96
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injpowwetrust View Post
Welp, today didn't turn out so good. I need to do another round of reset.

Here is an alternative to paying RESET fee time and again or paying big subscription fee:

$21 per month subscription for 250K using the discount code: EARNDREAM from earnmaxfunding.com

You get market depth as well a NinjaTrader regular license key.

Note: I am in no way related with this company or program.

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  #14 (permalink)
 
Tymbeline's Avatar
 Tymbeline 
Leeds UK
Legendary Market Wizard
 
Experience: Intermediate
Platform: Tradovate
Broker: Tradovate
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 650 since Apr 2015
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gdplus1 View Post
$21 per month subscription for 250K using the discount code: EARNDREAM from earnmaxfunding.com


That one has to be the worst-looking, most alarm-bell-ringing, most red-flag-waving funding opportunity website I've ever seen (and I've looked at more than 40 of them, in some detail). Not only have they not taken the trouble to show their content to anyone whose first language is English (not everyone's is, obviously, but if you're putting up a website in English, you might think it's a sensible idea?), nor given any names of or information about the principals/founders/owners/managers, but they haven't even checked their own content for inconsistencies and conflicting information (e.g. I quickly noticed two pages mentioning a 5-day minimum trading requirement and two others referring to the same thing as a 10-day requirement).

I could write a book explaining why I'd give this one a wide berth, but this is someone else's Journal and obviously not the place for it. But what an absolute horror of a site!

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  #15 (permalink)
 
injpowwetrust's Avatar
 injpowwetrust 
San Francisco, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 211 since Feb 2023
Thanks Given: 1,275
Thanks Received: 419

Yup blew up another one, on Thursday. I know what I did wrong. I just need to focus on trading my system.

New reset, I'm making an effort to take it slowly. I went through my past trade history, and even after all the crazy resets and crazy 30ES position sizing, I have around a 51-55% win rate. I do have a small edge, I just need to remain discipline. I also found out what "triggers" me into tilting and sizing 10-30ES. My tantrums result from me not listening to my gut, my thoughts of cutting out of the trade. As long as I stick to my gut when it comes to getting out of a losing trade, I should be able to maintain my emotions. I don't get emotional, when leaving money on the table. It doesn't seem to bother me as much on winning trades.

I have set up a new challenge to prove to myself that I can do this:

Challenge: 100 trading days
  • 1k daily goal
  • stop trading live after 9am PST, switch over to sim
  • close NT8 if p/l reach -$500 for the day.
  • cutting my loser quickly
  • do not average down!


3.09.2023 - Day 1 - started reset and challenge after 9am PST
3.10.2023 - Day 2 - broke 1 rule - averaged down once

Stay safe, stay green friends!

3.11.2013_summary


3.11.2013_net


3.11.2013_trades


3.11.2013_trades_1


3.11.2013_trades_2

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  #16 (permalink)
 
injpowwetrust's Avatar
 injpowwetrust 
San Francisco, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 211 since Feb 2023
Thanks Given: 1,275
Thanks Received: 419

I was bored last night and decide to read "Best Losers Wins", a book I've seen recommended several times on various subreddits. I stayed up all night reading it one sitting, I'll probably re-read it again in a few days. It was a good read.

THE PROCESS
  • -------------- PREPERATION
  • VIZSUALING MYSELF CUTTING LOSERS, VIZUALING MYSELF HOLDING BIG WINNERS
  • LOOKING OVER CHARTS OF PAST TERRIBLE TRADES, LOSERS
  • FORGIVING MYSELF AND LOVING MYSELF FOR STEPPING UP TO THE CHALLENEGE
  • ACCEPTING EACH TRADE AS ITS OWN UNQIUE INSTANCE, FORGET ABOUT THE PAST, BE IN THE PRESENT, LISTEN/READ THE MARKET AND REACT, DO NOT PREDICTE OR HOPE.

    --------------TRADING
  • DO NOT AVERAGE ON LOSERS
  • CUT LOSERS FAST, HOLD ON TO WINNERS LONGER
  • AVG. WINS MUST BE GREATER THAN AVG. LOSERS
  • DO ADD TO WINNERS

    ------------- last three doesn't align with his approach, but I feel it is more beneficial to include them
  • 1K TARGET GOAL
  • STOP LIVE TRADING AFTER 9AM PST
  • STOP AT -$500 for day

100 DAY CHALLENGE
  1. 03.09.2023 - pass
  2. 03.10.2023 - fail - 1 rule broken - average down
  3. 03.13.2023 - fail - 1 rule broken - average down

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  #17 (permalink)
 
injpowwetrust's Avatar
 injpowwetrust 
San Francisco, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 211 since Feb 2023
Thanks Given: 1,275
Thanks Received: 419

TRADE REVIEW:

My biggest loser last week:

bad_trades_1


I have a bad habit of playing counter trends within the main trend. My main trend indicator is the 63 EMA. Anything below 63 EMA, I should be looking for short opportunities that has "strength".

Funny enough, this trade was a winning trade. But, I don't want these "one off trades" to creep in. I was up $300 for a brief time, before it flushed back down.

I chased at the high of the candle, entering near 63 ema and a previously rejection of the prior candle. I think I was going for a break out continuation, but there was no real confirmation. Price didn't settle or close higher than the previous candle. A better entry would of been around 10:51 AM PST. where price started to have support at 3887.


Good Trade last week:

It was a good setup, a good trade. One thing I can improve on, is to try let the market tell me when to exit my position. I was too focus on locking in my gains, I wanted to lock in my daily target goal. Overall, I'm happy with the trade I took and the way I traded it.

good_trade_1

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  #18 (permalink)
 
injpowwetrust's Avatar
 injpowwetrust 
San Francisco, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 211 since Feb 2023
Thanks Given: 1,275
Thanks Received: 419

DAY 3 OF 100 DAYS CHALLENGE - FAILED - broke 1 rule - average down.

Today was interesting, I spent all weekend trying to brain wash myself into not averaging down. Sure enough, I still fell into the trap of doing it. Its okay though, I will overcome this. The funny thing is, I took similar trades today that I posted in trade breakdown of last week. My losing trade actually became a winning trade only because I got lucky after averaging down. I will not fall for that "hope" trap next time. My biggest winner today, hit my t/p. I did add, but I couldn't hold my full size (fear). I know how to overcome this, but I want to stick with ES over MES. I scaled out, I'm happy with it, no lingering attachments when I see it continue to run up.


- hold time of losers were longer today.
- woke up late, didn't do visualization prep exercise


03.13.2023_summary


03.13.2023_net


03.13.2023_tradez


03.13.2013_tradez_$


03.13.2023_chart

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  #19 (permalink)
 
injpowwetrust's Avatar
 injpowwetrust 
San Francisco, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 211 since Feb 2023
Thanks Given: 1,275
Thanks Received: 419

No trades today.

Stay safe, stay green friends!
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  #20 (permalink)
 
injpowwetrust's Avatar
 injpowwetrust 
San Francisco, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 211 since Feb 2023
Thanks Given: 1,275
Thanks Received: 419


03.14.2023 - CPI News, no trades due to power outage and internet being spotty.

03.15.2023 - Day 4 of 100 Challenge - FAILED - account reset.

Another busted account. I got chopped up, and unfortunately, the losses added up. I had winners, but I held them for too long without scaling out. I was just reading the price action wrong. It was a difficult day for me. Either way, I got an important lesson today, which I already knew, I cant be adding more than 1 ES. I was slamming 4-7 whenever I was green. I needed to hitch onto a "trend" before adding more contracts. Obviously the issue is not with adding, its my own lack of realizing the risk I was taking. It worked well for a few days, but days like today will wreck me. Good thing, this happen to during eval phase, it would be painful to do this all over again.

I understand what I need to be doing, however my dumbass can't execute the plan. I've moved my S/L from 12 ticks down to 7 ticks, and limiting myself to at most 3 contracts max size. I will only add the other two when I'm riding a "trend".

I wasn't unable to cut my losses quickly, so I decide to move it down to 7 ticks. As long as I don't move my s/l, I will be profitable.

I traded the rest of the afternoon on sim.

TAKE IT SLOW! fuck I just need to take it slow. I keep making this a sprint, ugh! Ill be back tomorrow.

Hope everyone avoid/stayed out of the chop!

Stay safe, stay green friends!
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Last Updated on May 2, 2024


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