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King Of The Nasdaq


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King Of The Nasdaq

  #1 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 399 since Oct 2021
Thanks Given: 757
Thanks Received: 396

Been away for awhile,refining my strategy and nailing down what market to trade and how I want to manage risk excited to start this journal for my own professional development as a full-time Day trader.

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  #2 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 399 since Oct 2021
Thanks Given: 757
Thanks Received: 396

2023_08_28 (10_01_52 AM)


Today was a tough trading day as I only traded the close.

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: -8 Ticks
Profit factor: 0.86
Total Trades: 4
Winning Trades:2
Losing Trades: 2
Average Winner: 25 Ticks
Average Loser: 29 Ticks
Largest Loser:31 Ticks
Largest Winner: 47 Ticks
Average MAE: 26 Ticks
Average MFE: 19 Ticks

Red Day overall but do have some positives to build off of for the week

Attached Files
Elite Membership required to download: NinjaTrader Grid 2023-08-28 10-05 AM.xlsx
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  #3 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 399 since Oct 2021
Thanks Given: 757
Thanks Received: 396


Yearly Risk Budget: 86,400 Ticks
Monthly Risk Budget: 7,200 Ticks
Weekly Risk Budget: 1,800 Ticks
Daily Risk Budget : 360 Ticks
Risk Per Trade: 40 Ticks
Max Trades Daily: 9
Trading Style: Mean Reversion
Trading Tools: NYSE TICK index, NASDAQ TICK index, Cumulative Delta, RSI (14), ATR 6 .
Market : Nasdaq Futures
Trading Rules:
Rule 1: NEVER BREAK THE DAILY RISK BUDGET.
Rule 2: FOLLOW RULE 1
Trading Goals:
1. Publicly Journal your trades everyday and mindset.

My strategy is based on price action and buy sell extremes with tick index and cumulative delta. I use the RSI gradient bars which change shades of green and red as RSI 14 is rising and falling it really helps me be engaged with the market in the most optimal areas and helps my psychology.
I execute on a 10 Second chart as shown above.
I look at a 10 minute and 30 Minute chart and Daily chart throughout the day that also have the RSI gradient on them helps me with simple trend identification and trade confluence.

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  #4 (permalink)
 
Phoenixoboros's Avatar
 Phoenixoboros 
Paris France
 
Experience: Advanced
Platform: Sierra Chart,TradeStation
Broker: Advantage Futures
Trading: CME Futures & US Treasury Bonds Futures (week) and Bitcoin (week-end)
Posts: 88 since Feb 2021
Thanks Given: 95
Thanks Received: 65

What's your style of trading?

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  #5 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 399 since Oct 2021
Thanks Given: 757
Thanks Received: 396


Phoenixoboros View Post
What's your style of trading?

I am short-term price action mean reversion trader. and I use tick index and cumulative delta to establish buy and sell triggers

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  #6 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 399 since Oct 2021
Thanks Given: 757
Thanks Received: 396

Green Day today but missed the trend due to fatigue so will be going to bed earlier to catch the opening couple of hours moving forward.

positives:
1. Risk is staying well with in my 40 ticks per trade
2. Did not overtrade
3. No FOMO

Improvements:
1. Got to get to bed earlier so I can be alert for first two hours
2. Hold winners longer
3.Trust the system

Key statistics from the day:
Total Profit/Loss: +16 ticks
Profit factor:99.00
Total Trades: 2
Winning Trades:2
Losing Trades: 0
Average Winner: 8 Ticks
Average Loser: 0 Ticks
Largest Loser:0 Ticks
Largest Winner: 11 Ticks
Average MAE: 21 Ticks
Average MFE: 9 Ticks
2023_08_29 (10_00_30 AM)


2023_08_29 (10_00_58 AM)

Attached Files
Elite Membership required to download: NinjaTrader Grid 2023-08-29 10-02 AM.xlsx
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  #7 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 399 since Oct 2021
Thanks Given: 757
Thanks Received: 396

My number 1 Goal as a trader moving forward is to keep my losses consistent at 40 Ticks per lot on NQ or MNQ

Sent using the NexusFi mobile app

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  #8 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 399 since Oct 2021
Thanks Given: 757
Thanks Received: 396

positives:
1. Not taking losses larger than 40ticks
2. Only traded Nasdaq
3. Took trades with out hesitation.

Improvements:
1. Have to get up earlier
2. My risk reward is still skewed wrong
3.Being more alert and focused during trading day

Key statistics from the day:
Total Profit/Loss: +12 ticks
Profit factor: 99.00
Total Trades: 2
Winning Trades:2
Losing Trades:
Average Winner: 6 Ticks
Average Loser: 0 Ticks
Largest Loser:0 Ticks
Largest Winner: 8 Ticks
Average MAE: 11 Ticks
Average MFE: 6 Ticks
2023_08_30 (9_49_39 AM)


2023_08_30 (9_50_00 AM)

Attached Files
Elite Membership required to download: NinjaTrader Grid 2023-08-30 09-54 AM.xlsx
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  #9 (permalink)
 Arch 
W.Coast, USA.
 
Experience: Intermediate
Platform: Anything
Trading: Emini
Posts: 347 since Jul 2017
Thanks Given: 106
Thanks Received: 381


KOTN View Post
Green Day today but missed the trend due to fatigue so will be going to bed earlier to catch the opening couple of hours moving forward.

positives:
1. Risk is staying well with in my 40 ticks per trade
2. Did not overtrade
3. No FOMO

Improvements:
1. Got to get to bed earlier so I can be alert for first two hours
2. Hold winners longer
3.Trust the system

Key statistics from the day:
Total Profit/Loss: +16 ticks
Profit factor:99.00
Total Trades: 2
Winning Trades:2
Losing Trades: 0
Average Winner: 8 Ticks
Average Loser: 0 Ticks
Largest Loser:0 Ticks
Largest Winner: 11 Ticks
Average MAE: 21 Ticks
Average MFE: 9 Ticks
2023_08_29 (10_00_30 AM)


2023_08_29 (10_00_58 AM)

trust THE system or YOUR system? there's a big difference in trust if this is somebody else's system.

also 8 ticks is tight for NQ, at least imo.

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  #10 (permalink)
 
DowDaddy's Avatar
 DowDaddy 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 399 since Oct 2021
Thanks Given: 757
Thanks Received: 396



Arch View Post
trust THE system or YOUR system? there's a big difference in trust if this is somebody else's system.

also 8 ticks is tight for NQ, at least imo.

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

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