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King Of The Nasdaq


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King Of The Nasdaq

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  #11 (permalink)
 HiLatencyTRDR HLT 
Midway florida
 
Posts: 462 since Dec 2018

I am trying to understand what doing 2 to 3 trades a day does to help someone make money. It's entirely possible that if someone does this few number of trades that they are just getting lucky or unlucky.

How does one go about realizing it finding their edge doing a couple trades a day.

It might be possible If hundreds of ticks per lot over and over again. I was always told you do as many trades as possible to exploit your edge.

Imagine 8 ticks or 16 ticks x 50 trades?

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  #12 (permalink)
 KOTN 
San Antonio, Texas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Nasdaq 100 Futures NQ & MNQ
Posts: 273 since Oct 2021
Thanks Given: 373
Thanks Received: 258


HiLatencyTRDR HLT View Post
I am trying to understand what doing 2 to 3 trades a day does to help someone make money. It's entirely possible that if someone does this few number of trades that they are just getting lucky or unlucky.



How does one go about realizing it finding their edge doing a couple trades a day.



It might be possible If hundreds of ticks per lot over and over again. I was always told you do as many trades as possible to exploit your edge.



Imagine 8 ticks or 16 ticks x 50 trades?

Yes I tend to agree with you if you scalp for 4-12 Ticks you must be taking more trades or obviously increase size but that may create other psychological hurdles.

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  #13 (permalink)
 KOTN 
San Antonio, Texas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Nasdaq 100 Futures NQ & MNQ
Posts: 273 since Oct 2021
Thanks Given: 373
Thanks Received: 258


Decided to up the time frame to 1 min from.10 seconds as I have a 40 tick Risk Budget per trade

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  #14 (permalink)
 KOTN 
San Antonio, Texas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Nasdaq 100 Futures NQ & MNQ
Posts: 273 since Oct 2021
Thanks Given: 373
Thanks Received: 258

2023_08_31 (10_27_50 AM)

Green Day +15 ticks

positives:
1. Risk is staying well with in my 40 ticks per trade
2. Did not trade just to make money
3. Walked away

Improvements:
1. Need to sleep better
2. My profits are still relatively small to my risk
3.Need to stay mechanical

Key statistics from the day:
Total Profit/Loss: +15 ticks
Profit factor:99.00
Total Trades: 1
Winning Trades:1
Losing Trades: 0
Average Winner: 15 Ticks
Average Loser: 0 Ticks
Largest Loser:0 Ticks
Largest Winner: 15 Ticks
Average MAE: 12 Ticks
Average MFE: 15 Ticks

Attached Files
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  #15 (permalink)
 KOTN 
San Antonio, Texas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Nasdaq 100 Futures NQ & MNQ
Posts: 273 since Oct 2021
Thanks Given: 373
Thanks Received: 258

1


2

Green Day +15 ticks

positives:
1. Stuck to focusing on trading 1 market
2. Took a slightly larger profit
3. Listened to my fatigue

Improvements:
1. Need larger profit targets
2. Less emotional on stop outs
3. Have a more disciplined pre-market routine.

Key statistics from the day:
Total Profit/Loss: +26 Ticks
Profit factor:2.37
Total Trades: 4
Winning Trades:3
Losing Trades: 1
Average Winner: 15 Ticks
Average Loser: 19 Ticks
Largest Loser:19 Ticks
Largest Winner: 26 Ticks
Average MAE: 22 Ticks
Average MFE: 17 Ticks

Had some early morning connection issues with Ninja trader but steal not really trading in a flow state so will study and a address over weekend how I can be more mentally efficient.

Attached Files
Register to download File Type: xlsx NinjaTrader Grid 2023-09-01 10-01 AM.xlsx (7.0 KB, 0 views)
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  #16 (permalink)
 KOTN 
San Antonio, Texas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Nasdaq 100 Futures NQ & MNQ
Posts: 273 since Oct 2021
Thanks Given: 373
Thanks Received: 258

2023_09_05 (4_12_43 PM)

Green Day +14 Ticks

positives:
1. Finally awake for market open and alert
2. Taking signals without hesitation
3. Risk budget is consistent 40 ticks

Improvements:
1. Still snatching quick profits
2. Not trading with a high enough frequency for data set accumulation
3. need more structured pre-market routine.

Key statistics from the day:
Total Profit/Loss: +14 Ticks
Profit factor:99.00
Total Trades: 2
Winning Trades:2
Losing Trades: 0
Average Winner: 7 Ticks
Average Loser: 0 Ticks
Largest Loser:0 Ticks
Largest Winner: 7 Ticks
Average MAE: 16 Ticks
Average MFE: 8 Ticks

Attached Files
Register to download File Type: xlsx NinjaTrader Grid 2023-09-05 04-18 PM.xlsx (6.9 KB, 0 views)
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  #17 (permalink)
 KOTN 
San Antonio, Texas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Nasdaq 100 Futures NQ & MNQ
Posts: 273 since Oct 2021
Thanks Given: 373
Thanks Received: 258

Week Results 08/28/23-09/01/23
Green Week +61 Ticks

positives:
1. Stuck to one market
2. Accepted the good and the bad of my trading style
3. Journaled Everyday

Improvements:
1. Learning to trust my trading instincts and my interpretation of market data.
2. Understanding that I am scalper so longer trends are not relevant to me.
3. Accepting the good and the bad in my system.

Goals For Week Ahead:
Stick to Risk budget
Keep losses consistent
And Trade my style ( High Probability Scalping)

Key statistics from the day:
Risk Reward Ratio: 0.54
Percent Profitable: %76.9
Total Profit/Loss: +61 Ticks
Max Drawdown: -58 Ticks
Sharpe Ratio: 5.46
Sortino Ratio: 1.00
Profit factor:1.79
Total Trades: 13
Winning Trades:10
Losing Trades: 3
Average Winner: +14 Ticks
Average Loser: -26 Ticks
Largest Loser: -30 Ticks
Largest Winner: +47 Ticks
Average MAE: 21 Ticks
Average MFE: 15 Ticks

Attached Files
Register to download File Type: xlsx Week 1.xlsx (7.0 KB, 1 views)
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  #18 (permalink)
 KOTN 
San Antonio, Texas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Nasdaq 100 Futures NQ & MNQ
Posts: 273 since Oct 2021
Thanks Given: 373
Thanks Received: 258

Trading Rules and Strategy
Market: NQ and MNQ
Max Risk Per Trade (R-Multiple): 40 Ticks/10 Points
Indicators : 89 EMA (Exponential Moving Average), RSI 14 Gradient Bars, Order Flow Cumulative Delta, NYSE TICK Index, DOM (Depth of Market)
Timeframe: All trades are executed and Risk assessed on a 10 Second chart w/ 10 Second Cumulative Delta and 89 EMA
(Throughout my trading day I have 5 Minute chart/1HR chart and Daily Chart up also) all have 89 EMA plotted also.
4 Types of Trades I take
1. Buying Continuation
2.Buying Reversal
3.Selling Continuation
4. Selling Reversal


Buying Continuation

1.Buying Continuation, as shown above price is above the 89 EMA, utilizing RSI Gradient bars increase in red color as RSI 14 rises and getter lighter green as RSI decreases.
Criteria for a Buy Continuation: Price above 89 EMA, Bullish close of Cumulative Delta and 10 Second Candle and Stop loss must be no greater than 30 Tick of Risk I am a discretionary trader so I make the final mental go/no go on all my trades.


Buying Reversal

2. Buying Reversal, as shown in the chart image above has a couple different characteristics. 1st RSI gradient bars must be green meaning RSI is falling, Price must be below the 89 EMA, and cumulative Delta must be in a consolidation phase that coincides with price consolidation, I don't want divergence in these trades I want confluence. I allow a 40 tick risk budget for these trades and I am also working on holding these trades for multiple Rs. as oppose to my typical scalps which are usually a half or 2/3 R.


Selling Continuation

3. Selling Continuation is a set-up I really like as I have all the confluence lined up for text book scalps (note my RR is always skewed negatively as that suits me as a trader better).
Criteria : Price is below 89 EMA, Strong bear sell set-ups on the cumulative delta, RSI gradient bars are falling or remaining in a green zone. This offers me great visual confirmation and I know I am like to be able to scalp ticks without huge countertrend moves against my position.
Risk budget for these trades is 20 tick as immediate follow-thru gives me confidence in scalps. I also do not give losing trades much time to breathe regardless of set-up. That come from years of pain Lol.



Selling Reversal

4. Selling Reversal set-up is a high reward but low probability trade.
Criteria: I want price and RSI trending higher and making new swing highs (10 Second Time Frame) but I want to see lower highs put in on the delta. The key i have noticed with this set-up is price should start showing me some confirmation of thesis pretty quickly after I get in. Pay outs can be much greater with this trade than any other because of the higher time frame confirmation.
Risk budget: 15 Ticks but it can very but I institute a 3 strikeout rule because reversals I have learned from experience are the easiest trades forms to go on tilt other risk/reward junkies probably understand the dangers of reversals. Switching to a much more micro timeframe allows me to comfortably taking a stab at a trade idea 2 or 3 times and not being down 100s of ticks.

But those are the four trading set-ups I look for throughout the day and on 10 Second chart with delta all 4 appear everyday, this allows me to ditch the FOMO day trading brain and also keeps my risk on the NQ below 40 TICKs at all time that is a rule I never break.

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  #19 (permalink)
 KOTN 
San Antonio, Texas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Nasdaq 100 Futures NQ & MNQ
Posts: 273 since Oct 2021
Thanks Given: 373
Thanks Received: 258

Risk/Reward

1 Note on risk/reward, it transformed my trading when I accepted my strengths and weakness as I trader so while 4R and even 10R trades are amazing, throughout my trading career I have found that I justify really bad trading behavior, by using the excuse of risk/reward. On most trades now my risk reward is barely even 1 but I realized I am able to stay in a flow state and trade much more confidently by taking profits throughout the day, however I am a pure scalper but just my 2 cents on my Nasdaq trading journey.

I attached a RISK/Reward breakeven chart to show that the math absolutely supports higher Risk/Rewards, I just found that Higher Risk/Rewards always brought out all my weakest and unprofitable characteristics as a trader.

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  #20 (permalink)
 KOTN 
San Antonio, Texas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Nasdaq 100 Futures NQ & MNQ
Posts: 273 since Oct 2021
Thanks Given: 373
Thanks Received: 258


Green Day +30 Ticks

Positives:
1. Trusting what I am seeing in the market
2. Delta and Tick index is helping understand market movement
3. Risk budget is consistent 40 ticks

Improvements:
1. Need a defined reward better
2. Still can take more trades
3. Need more structured pre-market routine.

Key statistics from the day:
Total Profit/Loss: +30 Ticks
Profit factor:99.00
Total Trades: 3
Winning Trades:3
Losing Trades: 0
Average Winner: 10 Ticks
Average Loser: 0 Ticks
Largest Loser:0 Ticks
Largest Winner: 13 Ticks
Average MAE: 17 Ticks
Average MFE: 10 Ticks
Trade 1


Trade 2


Trade 3

Attached Files
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Last Updated on November 27, 2023


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