First month trading- Review my output #s please - Beginners and Introductions | futures io social day trading
futures io futures trading


First month trading- Review my output #s please
Updated: Views / Replies:4,449 / 40
Created: by SoftSoap Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 1  
 
Thread Tools Search this Thread
 

First month trading- Review my output #s please

  #1 (permalink)
Elite Member
Canada
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: InteractiveBrokers
Favorite Futures: NQ
 
SoftSoap's Avatar
 
Posts: 594 since Aug 2015
Thanks: 347 given, 1,223 received

First month trading- Review my output #s please

I'm a bit disappointed with my first month performance, and I wanted to post some of my numbers to get feedback on what is good and what is bad. This will help me know what I should focus on to improve over this next month.

Keep in mind that this is 1 month of real time, but it is about 3-4 months of market time.

Here are my numbers

ROI%: 9.11%
Win %: 38%
Payoff ratio: 1.93
Expectancy: 9.76
# of trades: 336
Avg R: 0.28%
Max Risk: 1%
Avg Reward/Risk Ratio: 2.72
Max DD: -11.4%
Avg DD: -3.96%

For those curious, I'm trading the NQ and currently on sim (~3 months of data).


Last edited by SoftSoap; March 23rd, 2016 at 01:49 PM.
Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Trading Apprentice
melbourne, australia
 
Futures Experience: Intermediate
Platform: cmc
Favorite Futures: indices
 
Posts: 24 since Mar 2016
Thanks: 2 given, 32 received


What is your time frame?

Reply With Quote
 
  #4 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,669 since Nov 2010
Thanks: 776 given, 8,721 received
Forum Reputation: Legendary

Can I ask a serious question?

Is your question serious?

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
The following 2 users say Thank You to DionysusToast for this post:
 
  #5 (permalink)
Elite Member
Canada
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: InteractiveBrokers
Favorite Futures: NQ
 
SoftSoap's Avatar
 
Posts: 594 since Aug 2015
Thanks: 347 given, 1,223 received


bbgg91 View Post
What is your time frame?

I'm trading intraday and looking at 5 min and 15 min intervals for trading, and using daily and weekly for reference points.

Reply With Quote
 
  #6 (permalink)
Elite Member
Canada
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: InteractiveBrokers
Favorite Futures: NQ
 
SoftSoap's Avatar
 
Posts: 594 since Aug 2015
Thanks: 347 given, 1,223 received


DionysusToast View Post
Can I ask a serious question?

Is your question serious?

Yes this is a serious question
I know getting free feedback is something that I shouldn't expect but I'm not asking for a detailed analysis, just things like "drawdowns are too much, or expectancy isn't high enough, aim for X expectancy" or something like that.

I know I'm not good enough to trade live yet but it's hard for a new trader to know whether or not they are on the right path according to their experience. When doing research online I find that the numbers that are posted (50+ expectancy, 80% win ratio, 30% monthly ROI, very high numbers) are all for professional traders and it's hard for me to benchmark myself on the first month of progress against a 10-year veteran.

So I'm seeking input on whether or not I should continue what I'm doing and tweaking small things as I go, or if I need a drastic revamp of my overall strategy.

Reply With Quote
 
  #7 (permalink)
Trading Apprentice
melbourne, australia
 
Futures Experience: Intermediate
Platform: cmc
Favorite Futures: indices
 
Posts: 24 since Mar 2016
Thanks: 2 given, 32 received


SoftSoap View Post
I'm trading intraday and looking at 5 min and 15 min intervals for trading, and using daily and weekly for reference points.

The results above look like something from a back test. Either way 38% of wins is far to low for someone to make money from on an intra day basis. Personally I would want to see that above 80% before I would consider using it. Just remember in the real world you might not get that result as back testing on 3 months of data is more akin to curve fitting.

What is your system based around?

Reply With Quote
 
  #8 (permalink)
Elite Member
Canada
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: InteractiveBrokers
Favorite Futures: NQ
 
SoftSoap's Avatar
 
Posts: 594 since Aug 2015
Thanks: 347 given, 1,223 received


bbgg91 View Post
The results above look like something from a back test. Either way 38% of wins is far to low for someone to make money from on an intra day basis. Personally I would want to see that above 80% before I would consider using it. Just remember in the real world you might not get that result as back testing on 3 months of data is more akin to curve fitting.

What is your system based around?

I appreciate your feedback.

Correct me if I'm wrong but my understanding is backtesting is when you know the future and move back to see what strategies you could execute?
I'm using market replay data and playing it as if it was playing live, except I can fast forward so I don't have to wait 4-5 hrs for my target/stop to get hit.

Yeah I figured that 38% was quite low so I'm currently in the process of analyzing my losses so I can cut them in half at least to get me to to at least be positive. I'm finding that I always feel the need to be in a trade so I'm moving away from that, do you have any other suggestions as to big blunders that new traders make around always wanting to be in a trade?

My system is based around simple stuff. I just look at price, volume, and volume profile and start by looking at the big picture to determine whether or not the week/day will be bullish/bearish. Based on that I try and 'feel' when prices are too high / low and go the other way. Along the way I ask myself 'why' as much as possible so I can get a philosophical understanding of the market and its feelings, I treat it like a living thing.

It's not much of a science, it feels more like an art to me than anything else. I'm sure that as I learn more, it'll become more scientific.

Not sure if that's the answer you were looking for or not hah.

Reply With Quote
 
  #9 (permalink)
Elite Member
Sydney, NSW, Australia
 
Futures Experience: Beginner
Platform: Sierra Chart, Python, C#
Broker/Data: Interactive Brokers
Favorite Futures: MJNK, ASX, SPI
 
Posts: 98 since Jan 2014
Thanks: 70 given, 113 received


SoftSoap View Post
I appreciate your feedback.
I'm using market replay data and playing it as if it was playing live, except I can fast forward so I don't have to wait 4-5 hrs for my target/stop to get hit.

Hi SoftSoap,

Just a quick thought from my own experience, I did much the same as you, I practiced in market replay to refine my entries and practice platform execution. But I found a huge difference psychologically when going live or even practicing on a live feed between the ability to speed up market replay and having to sit and grind it out over a trade moving back and forth before going to your target/stop.

It still represents one of my bigger struggles and is an area of improvement I am continually working on. If you are just scalping momentum then this might not be applicable for you, but if you are entering positional trades then it is worth practicing waiting now.

Reply With Quote
 
  #10 (permalink)
Trading Apprentice
melbourne, australia
 
Futures Experience: Intermediate
Platform: cmc
Favorite Futures: indices
 
Posts: 24 since Mar 2016
Thanks: 2 given, 32 received


I am with amoeba, open a demo account with someone and practice on live data. Testing on fixed data is ok but the problem with that is, you can get up and walk away. Harder to do that with live data. Having to wait for trades (as you should) you also miss them as well so you have to factor in the probability of missing a trade. Minimising your losses is ok but you do not make money from losses. Focus on getting things right more often and managing the trade from there. Try and get the direction right at least 70% of the time. Remember even then not all of those trades will work either as there will be pull backs, random spikes and nerves all come into play. For me 50% of trading is managing the trade.

Always being in a trade is hard. I have never seen a system as such work but that is not to say one does not exist.

Reply With Quote

Reply



futures io > > > > First month trading- Review my output #s please

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
www.leadingedgetrading.com trading review JS12 Trading Reviews and Vendors 86 April 7th, 2016 09:14 AM
Trading Days Left in Month upshon EasyLanguage Programming 7 March 26th, 2016 02:37 AM
3-Month Trading Journal (Dec '15-Feb '16) newberrysummer Trading Journals 8 December 1st, 2015 08:02 PM
Code for trading a part of the month? Orjan EasyLanguage Programming 3 April 14th, 2012 04:20 AM
First month trading; some thoughts Jameson Psychology and Money Management 5 June 22nd, 2011 12:42 AM


All times are GMT -4. The time now is 08:27 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.13 seconds with 20 queries on phoenix via your IP 54.90.207.75