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self coach trading
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self coach trading

  #301 (permalink)
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27 october situation

i am trading with so much less fear, more confidence, and i want more, maybe this is greed, and i need to set targets and say, done?
i was writing some things for the trading plan, i considerer importants, and i find on this way
see the trend, or if non trending
start small with 1- 3 lot and build
see open, OSL, OSH, OR 1 or 2min?, OR 20´IB, compare with YV, Ylevels
trade well below the max power
target based on CDR
big stops
big holding time
wacht 15min/30 min/60min /240min/d/w/m ,vprofile ,vpoc
vwap, Wvwap, correlation (6j, zb,zn,6e,6n,gc,dx), internals (adr,nvol,tick,breath)
trade with 5min and 4tr

and the main problem,
wait wait wait, be patience
open mind
hear the market
decide what to do and put the balls on the table and hold the position
add and scale out all the way riding it
upto.. cdr target, or major changes on PA
i do not know how do not get trapped yet and exit soon

but in general, i think i can do it

problem on my door, excesive risk and limit drawn down
if i pass this combi eq/targ/maxdd/maxdl 450k/20K/20K/10K
i will try 450k/20k/13k5/9K

and maybe use less contracts

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #302 (permalink)
Trading Apprentice
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Hey! Does someone advice me a good trainer known in this forum? Too many topics to read (and i'm not an English speaker)

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  #303 (permalink)
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Trading


Hi Alejo,

Why this is still " and maybe use less contracts". There should not be " Maybe" when it comes to trading with less contracts.The quicker you understand this better off you will be.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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  #304 (permalink)
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28 oct trading

i pulling the targets because i want more, but at the end , i give back tons, and in some case all the profit
today i was scared with a pb and exit when i can add
later i hold well the trade and suffer severals PB pains
i could not did my plan to go long in the opening when i saw break osh, because i hold my short, instyead of take that profit and go long
i could not always wait wait
i use max position size
i think i made a lot of things bad, i start down -82p
and finally i was in track with one trade,
and the last one...give back everything
then ,there s a lot of room to improve
and finish up almost +140point
then is good
when i compare with my past, losing big and watching in hindsight the day, and thinking how is possible?with this nice moves , i do not get anything
unless now, i can get a little piece
the real score will be compare the profit per contract against the CDR, and the goal is to pass that

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #305 (permalink)
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goal for this week

1-wait wait wait...entry
2-start small ..3 max 8 and reserve the dry powder
3- don t be scary about PB
4-hold the trade
5-try to get higher% of CDR

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #306 (permalink)
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questions for my trading plan


mfbreakout View Post
Hi Alejo,

Why this is still " and maybe use less contracts". There should not be " Maybe" when it comes to trading with less contracts.The quicker you understand this better off you will be.

i write thinking maybe could be better to use less than 15
but for your comments , it s a should less

for $2000 daily goal i will try to use max 8 and let dry powder just in case, all stay aligned and press it

is this correct?

the problem is
i start and go underwater, then i need to recover , and then i use more power

also a lot of times i give back a lot of profit

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #307 (permalink)
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qwertz2021 View Post
Hey! Does someone advice me a good trainer known in this forum? Too many topics to read (and i'm not an English speaker)

what is your level? advanced?

what is your main problem?

what are your goals?



you can read
https://futures.io/index-futures-trading/13452-es-s-p-500-futures-contract-sp500-spoo-nalysis.html

as the master guide

i recommend this thread
https://futures.io/trading-journals/32311-common-sense-88.html#post448745

kind regards

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #308 (permalink)
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finish combi450k and next stage

i have finished the combi 450k today
last trade +550p
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i am done with that, i learn i can do it, i can win a lot, but a big risk and wild swings
it looks too much power by now
i lost the training benefits, i let open trades, exceed max dloss, exceed the max pos size(especially to recoup or i say now i know go with all, and it is not good) , i can not have the cum statistic ok
it s like a game instead of a job

i try to reduce size and the big swings i have
also if i go to do the real combine, i need to learn to scaling acordingly, and this could be interesting for increase or reduce position for security reasons (not as today i reverse 15lot)
lot $
2 0-1500
3 1500-2000
5 2000-3000
10 3000-4500
15 1500-7000
20 7000-10000

then the 150k parameters
dll 3000
max dd 4500
target 9000

let see if i slow down with this tight figures

i will continue with wide stop
but i start with 2 lot (i can not manage nothing with this, i think, maybe is a step back)
and the main plan is
see the trend, trade with it and hold the trade and capture a big % ADR
not trde noise, big stop, eager for points
and let see the results on the statistics and excell
i do not yet how exit to not giveback tons of points, i do not like SO, but maybe could be a compromize

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #309 (permalink)
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some nice holding winners

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La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #310 (permalink)
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Trading


Hi Alejo,

$475,000 for custom combine may look like lot of money and give trader false sense to trade size. With the intra day draw downs limits and max. draw down, you can not trade 10 lots single trades. It will never work ( at least never worked for me). FOCUS on limits of drawdown. They are quite tight. If i was taking this combine, i will not trade more than 2 cars per trade. Maxium 4 for A+ set up.

Good trading.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

Last edited by mfbreakout; October 30th, 2014 at 06:01 PM.
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