NexusFi: Find Your Edge


Home Menu

 





Newbie ES Trading Log for Review


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one oddTrader with 8 posts (3 thanks)
    2. looks_two kevinkdog with 7 posts (9 thanks)
    3. looks_3 sledmt with 6 posts (1 thanks)
    4. looks_4 Skeptical with 3 posts (0 thanks)
      Best Posters
    1. looks_one jackbravo with 3 thanks per post
    2. looks_two jamjacson with 1.5 thanks per post
    3. looks_3 kevinkdog with 1.3 thanks per post
    4. looks_4 oddTrader with 0.4 thanks per post
    1. trending_up 7,658 views
    2. thumb_up 21 thanks given
    3. group 8 followers
    1. forum 31 posts
    2. attach_file 0 attachments




 
Search this Thread

Newbie ES Trading Log for Review

  #21 (permalink)
 oddTrader 
Mesa, AZ
 
Experience: None
Platform: NinjaTrader, thinkorswim
Trading: ES
Posts: 27 since Dec 2014
Thanks Given: 21
Thanks Received: 12


jamjacson View Post
Your ability to handle crushing emotional pain day after day is the psychological issues you have to confront. How well do you deal with change? How disciplined are you? How driven and how much self awareness. Thats what your looking for. How well do you deal with stress?

I'm not sure I count losing money as "crushing emotional pain". I admit I could be more disciplined, but on the rest I think I'm doing better than most.

Thanks for your opinions and warnings.

Have a CAVU day!

Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Build trailing stop for micro index(s)
Psychology and Money Management
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Better Renko Gaps
The Elite Circle
Futures True Range Report
The Elite Circle
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
37 thanks
GFIs1 1 DAX trade per day journal
22 thanks
NexusFi site changelog and issues/problem reporting
22 thanks
The Program
20 thanks
  #22 (permalink)
 kevinkdog   is a Vendor
 
Posts: 3,647 since Jul 2012
Thanks Given: 1,890
Thanks Received: 7,338


bcabebe View Post
I'm not sure I count losing money as "crushing emotional pain". I admit I could be more disciplined, but on the rest I think I'm doing better than most.

Thanks for your opinions and warnings.

Have a CAVU day!

I think we all felt that way, until it actually happened.

Follow me on Twitter Reply With Quote
Thanked by:
  #23 (permalink)
sledmt
Kalispell montana
 
Posts: 158 since Jan 2015
Thanks Given: 157
Thanks Received: 23



bcabebe View Post
Hi,


My success rate for round trip trades is 60.5%. My profit/loss ratio is 1.18.

Curious, what do experienced traders think of an overall 60% success rate?

Reply With Quote
  #24 (permalink)
sledmt
Kalispell montana
 
Posts: 158 since Jan 2015
Thanks Given: 157
Thanks Received: 23


kevinkdog View Post
I think we all felt that way, until it actually happened.

Wondering, do you think those that gamble have lost the ability to concerned when money is lost?

Reply With Quote
  #25 (permalink)
 kevinkdog   is a Vendor
 
Posts: 3,647 since Jul 2012
Thanks Given: 1,890
Thanks Received: 7,338


sledmt View Post
Curious, what do experienced traders think of an overall 60% success rate?

Meaningless. Expectancy is the number you want to look at.

Follow me on Twitter Reply With Quote
Thanked by:
  #26 (permalink)
 kevinkdog   is a Vendor
 
Posts: 3,647 since Jul 2012
Thanks Given: 1,890
Thanks Received: 7,338


sledmt View Post
Wondering, do you think those that gamble have lost the ability to concerned when money is lost?

No. I lose all the time, I don't get concerned, and I am not a gambler. I think the ability to emotionally handle losses is something that comes with experience - the experience of losing, then winning it back, then losing, etc.

10 years ago, my beautiful wife could tell if I made or lost money on a particular date. My results affected me, and it outwardly showed. Now, she can't tell at all, unless I tell her. I think that is a good thing.

If @bcabebe is really emotionally detached from money, more power to him as he starts trading. Before I started trading, I thought I was detached too... until I lost.

Follow me on Twitter Reply With Quote
Thanked by:
  #27 (permalink)
Skeptical
Chicago US
 
Posts: 31 since Jan 2015
Thanks Given: 5
Thanks Received: 17

Any opinions on trading the Asian session. Nikkei, ASX 200, etc? I would think something in Asia must have liquidity to trade considering its there day time.

Reply With Quote
  #28 (permalink)
Skeptical
Chicago US
 
Posts: 31 since Jan 2015
Thanks Given: 5
Thanks Received: 17


kevinkdog View Post
Meaningless. Expectancy is the number you want to look at.

What would be a acceptable expectancy number?

Reply With Quote
  #29 (permalink)
 kevinkdog   is a Vendor
 
Posts: 3,647 since Jul 2012
Thanks Given: 1,890
Thanks Received: 7,338


Skeptical View Post
What would be a acceptable expectancy number?

If you are referring to expectancy (which is just the average trade value), I'd say a minimum of $50 net is reasonable.

If you are talking about Tharp expectancy, which is the average overall trade divided by the average loss). Values there over 0.10 are reasonable, the higher the better.

Of course, the trade frequency also plays a role here. Tough to make money with low expectancy and low trade frequency, but low expectancy is OK with high frequency of trades.

Hope this helps!

Follow me on Twitter Reply With Quote
  #30 (permalink)
Skeptical
Chicago US
 
Posts: 31 since Jan 2015
Thanks Given: 5
Thanks Received: 17



kevinkdog View Post
If you are referring to expectancy (which is just the average trade value), I'd say a minimum of $50 net is reasonable.

If you are talking about Tharp expectancy, which is the average overall trade divided by the average loss). Values there over 0.10 are reasonable, the higher the better.

Of course, the trade frequency also plays a role here. Tough to make money with low expectancy and low trade frequency, but low expectancy is OK with high frequency of trades.

Hope this helps!



Got it.

Thanks Kevin. Appreciated.

Reply With Quote




Last Updated on March 3, 2015


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts