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King Of The Nasdaq


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King Of The Nasdaq

  #21 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 394 since Oct 2021
Thanks Given: 752
Thanks Received: 391

Slowing my trading down a bit so Going with a 2 Minute chart/Cumulative Delta and TICKQ for day trading instead of the 10 second.
Also I have 7 PA(Preformance Accounts with APEX so I will post my daily balances with those
PA 1

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Can you help answer these questions
from other members on NexusFi?
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Trade idea based off three indicators.
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Quantum physics & Trading dynamics
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MC PL editor upgrade
MultiCharts
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
 
  #22 (permalink)
 
blackgrey45's Avatar
 blackgrey45 
Marco Island, FL
Legendary Market Wizard
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP Global
Trading: MCL MES
Frequency: Several times daily
Duration: Minutes
Posts: 786 since Jul 2022
Thanks Given: 877
Thanks Received: 910


KOTN View Post
Yearly Risk Budget: 86,400 Ticks
Monthly Risk Budget: 7,200 Ticks
Weekly Risk Budget: 1,800 Ticks

Hi, am I understanding this correctly? You will risk 86,400 ticks which is $43,200 for the year if trading the MNQ?

If so, I wish I had deep pockets like that!

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  #23 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 394 since Oct 2021
Thanks Given: 752
Thanks Received: 391



blackgrey45 View Post
Hi, am I understanding this correctly? You will risk 86,400 ticks which is $43,200 for the year if trading the MNQ?



If so, I wish I had deep pockets like that!

No basically that number would be 10 losing trades every trading day for a year and no winning trades ... its the absolute worst case scenario in my trading

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  #24 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 394 since Oct 2021
Thanks Given: 752
Thanks Received: 391

All Stop outs today sheesh
Looking to increase my R multiple returns but today held onto my long bias way to long.
2023_09_08 (10_10_32 AM)


Screenshot 2023-09-08 111134

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  #25 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 394 since Oct 2021
Thanks Given: 752
Thanks Received: 391

positives:
1. Respected my stop losses
2. Only traded Nasdaq
3. Took trades with out hesitation.

Improvements:
1. Not holding winning trades long enough
2. Losses can be optimized a bit
3.Being more alert and focused during trading day

Key statistics from the day:
Total Profit/Loss: -886 Ticks
Profit factor: 0.00
Total Trades: 35
Winning Trades:0
Losing Trades: 21
Breakeven trades: 14
Average Winner: 0 Ticks
Average Loser: -42 Ticks
Largest Loser:-64 Ticks
Largest Winner: 0 Ticks
Average MAE: 41 Ticks
Average MFE: 51 Ticks

Red Day overall but do have some positives to build off of for the week
2023_09_11 (10_14_14 AM)


2023_09_11 2


2023_09_11 3

Attached Files
Elite Membership required to download: NinjaTrader Grid 2023-09-11 10-21 AM.xlsx
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  #26 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 394 since Oct 2021
Thanks Given: 752
Thanks Received: 391

Screenshot 2023-09-11 102507


Overall Red day today had a couple of 20 point runners that came back and stopped me out breakeven but sticking to the process

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  #27 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 394 since Oct 2021
Thanks Given: 752
Thanks Received: 391

I had a short bias to start the day, which really hurt me after a couple of breakeven stop outs, but I was able to manage loss size very effectively

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

Looks like the same trading everyone else does? How do you ever expect to profit beyond fees and slippage in the long run?

I'm not sure why the market takes you out? Why not set a profit taker limit over and over again? Instead of a stop out by the market?

I don't have your answers just mine so don't take it personally.

Many studies have been done on trader nias and most losers including myself when they lose can say it was bias

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  #29 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 394 since Oct 2021
Thanks Given: 752
Thanks Received: 391

Yes I just use extended profit targets usually 5 or 6 to 1 risk unit so winning trades turning into losers is part of the game or breakeven stops being hit.

HiLatencyTRDR HLT View Post
Looks like the same trading everyone else does? How do you ever expect to profit beyond fees and slippage in the long run?

I'm not sure why the market takes you out? Why not set a profit taker limit over and over again? Instead of a stop out by the market?

I don't have your answers just mine so don't take it personally.

Many studies have been done on trader nias and most losers including myself when they lose can say it was bias


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  #30 (permalink)
 
Trend Trader's Avatar
 Trend Trader 
Meridian, MS
 
Experience: Advanced
Platform: NinjaTrader, MotiveWave
Broker: Stage 5 Trading, TradeStation, NinjaTrader
Trading: NQ
Frequency: Several times daily
Duration: Minutes
Posts: 54 since Jan 2023
Thanks Given: 26
Thanks Received: 47



KOTN View Post
My system sorry about the confusion and completely agree woke up a little late so didn't really have confidence to hold for bigger profits. But I agree 8 Ticks is marginal on the NQ

Glad I do not have to trade in the Honolulu time zone.

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Last Updated on March 25, 2024


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