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I saw what you wrote the first time. I'm just not really going to tell you or explain to you exactly what it is I do because like I said even if I did tell you exactly what to do. I know that would not do it correctly and the market which reacts to every order or lot or share since there is a spread and price will move or volumes will change at the same price we do not know if the same exact way that I trade will work for you or anyone else.
I would recommend that you go find my posts and perhaps dig thru it and hit me with some real questions that prove to me that you at least took some time to think about what I did rather than just saying..hey impressive results. How did you do it?
Like most people I opened a real futures account and funded with money I earned outside of the markets. Then I paid for data and a front end. I used a computer and the internet and my mouse to make trades on the cme. I obviously was able to either have a much higher percentage of winners than losers while also being able to have smaller losers than my bigger winners so that mathematically even after paying ridiculous exchange fees and brokerage fees I was still able to make a profit.
I mentioned that I scalped my way from 1700 to over 3k and then in a few more weeks to over 10k. All using the same tools that you have. It's the same reason you can play poker and get beat y other people who are somehow better skilled than you are at playing poker and by you. I do not mean you personally.
I made lots of trades and not many errors and I was patient on my entries and exits based off of some discretionary ideas as well as using charts. I also possibly could have been lucky and caught a good bull run in the market since I was primarily long on most of my trades. I also have spent a lot of time thinking about how the mkt works and when I want to participate and when I don't as well as how do I execute better than others i.e. getting filled on winners or losers quickly.
That's really about it. Not trying to sound condescending but it also took lots if time and energy and risk taking for me to see edge and create an opportunity for me to profit .
Could ai replicate my performance. Yes I think so. Anyway. I'd spend more time watching if you are a net loser then after weeks if not months of watching ..then start trading.
Can you help answer these questions from other members on NexusFi?
Here. This is a chart of what I did tonight in the gkobex mkt. In nasdaq.
As you can see. Blue x are buys and red x are sells. I bought the high hoping for a break out. I was wrong and didn't exit. I bought a couple more and the mkt ended up going up so I sold at a small profit.
Then when the market fell lower yet again I bought the market in a consolidation regime and I was wrong. The market some off so I bought some more then the market did go higher so I sold my lots at different price and time intervals and made a nice profit on my 6 lots. This is exactly how I will do it tomorrow. I buy and I sell. Just like everyone else. There is not always a true reason other than I want to buy dips because I believe the market is stronger now than when it was going down a few weeks months ago so I want to be a buyer on what I perceive to be lower prices that the market may end up above while I'm in the trade. Sure I mentally draw trend lines ..we can all do that.. why waste energy drawing them on a chert you can connect the tips and bottoms with ease mentally at least I do. Why have an auto trend line drawer when your brain can place them on their all at once and even in different colors if you want using your imagination and laying trend lines over the chart. It's really very simple to do but it doesn't mean it works.
So let me critique my trades with hindsight. Did I use perfect play? Absolutely not. Far from being perfect on many entries and exits. Sure I made money but there was some gambling involved.
My 1 st buy. Was after a massive bar higher and I thought it might continue now that's totally possible in overnight nasdaq but my mistake was not having an exit point or reason for an exit. Which I didn't and I just held.
Then as it dropped I bought 2 more! But why? I don't know because I felt like the market was due to turn and the mkt has been moderately bullish. But my entries had little merit they were bad entries! No confirmation. So look to the right of my 2 entries and I circled a much better area to enter the trades!
Then continuing on the profitable exits based in average price. Well very good of me to exit when I did but guess what it was a bad exit! But how well what if the market kept going higher!! I would have missed out on bigger gains even after holding big losses. The better exit which would have given me less profit would have been to wait for confirmation. You can be early or you can be late but doubtful without luck that you ever get the exact top or bottom. So I should have made less but sat back and said. Wow I'm following my plan of exiting with confirmation .
Then you continue forward in time and I made a few more trades and made some good money finally without too much risk. But wait. What was the probability of buying in the middle of congestion or consolidation? Hmm not very good! So bad entry! Then my next 2 buys at lower prices were also bad no confirmation. And I had no exit for loss on my initial entry ..luckily the market did confirm and moved higher but yet again exited without any confirmation. The market could have ran 200 points on my 3 lot and I only caught 19 to 20 points!
Anyway having terrible risk management and not entering or exiting on highly probable set ups but I still made money because it is a bull mkt and I'm long! I would have been smoked if it was bearish and I was buying at these places. Being with trend is way more forgiving than counter trend but money is made in both! And lost trading both styles.
So the reality is I had what either 100 or 83% wl and good loss to win dollar amount. But I truly only had 1 good entry or exit out of a total of 6! That's not good and will lead to serious problems if I'm on the wrong bias or not reading trend properly. Anyway you gotta be tuff on yourself and you must always be trying to do better. And there is always a little luck
Just go to youtube and search for it by his name Rob Smith and also for RobInTheBlack. One of his videos where he goes over his approach has the title "The greatest story ever sold" if I am not mistaken. Now his method is called "The Strat" It does make a lot of sense and it is based just on pure price action and nothing else.
I would like to make it crystal clear that my chart us my own chart and no one taught me to trade but myself. I never took a course and I never joined a room! But I don't see how joining a room for a little while or taking a course would be a negative so long as it's not too expensive and set a time limit like a week or 2. If you can't get anything out of a trading room or course in 2 weeks then you should move on to something better asap. But there is no education better than being your own teacher and observing the flow of the markets.
Good luck. We need a decent sell day at some point this week..be on the lookout for it . I'm still bullish indexes but we need to take out some king swingers stops
Sorry if I wasted your time! I guess you simply wanted to display to all of us what a fantastic trader you are by showing your results. I guess I could post some numbers even more impressive and without any backup would mean about as much as your numbers do.
I just don't see the point on a forum where we exchange trading ideas and thoughts to post braggadocios statements without any explanation about how you accomplished this magnificent feat! You know as well as I that statements and claims are made all the time on the net and that and a couple of bucks (we used to say fifty cents!) will get you a cup of coffee.
Good luck, but with the way you say you trade, I guess you don't need it!
By the way, you state "Not trying to sound condescending ". I think you failed in that regard!
Persistence! Nothing in the world can take the place of persistence.
Talent will not ... nothing is more common than unsuccessful men with talent.
Genius will not ... Unrewarded genius is almost a proverb.
Education will not ... The world is full of educated derelicts.
Persistence and determination alone are omnipotent! Calvin Coolidge
Persistence! Nothing in the world can take the place of persistence.
Talent will not ... nothing is more common than unsuccessful men with talent.
Genius will not ... Unrewarded genius is almost a proverb.
Education will not ... The world is full of educated derelicts.
Persistence and determination alone are omnipotent! Calvin Coolidge
