NexusFi: Find Your Edge


Home Menu

 





My challenge of being a consistent trader


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one asyx with 63 posts (77 thanks)
    2. looks_two wldman with 4 posts (12 thanks)
    3. looks_3 teamtc247 with 2 posts (3 thanks)
    4. looks_4 LittleFinger with 2 posts (4 thanks)
      Best Posters
    1. looks_one TheShrike with 13 thanks per post
    2. looks_two xplorer with 7 thanks per post
    3. looks_3 wldman with 3 thanks per post
    4. looks_4 asyx with 1.2 thanks per post
    1. trending_up 11,633 views
    2. thumb_up 129 thanks given
    3. group 10 followers
    1. forum 79 posts
    2. attach_file 5 attachments




 
Search this Thread

My challenge of being a consistent trader

  #31 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
Posts: 187 since Mar 2011
Thanks Given: 406
Thanks Received: 142

all net commissions & fees

# of trades: 11
winning trades: 82 %
profit factor: 11.9
max. cons. wins: 5
max. cons. losses: 2
max. drawdown: 1.600 $ ok I admit I put on too much size

...last year I did a lot of stupid things out of desparation. Now I have to learn immediately that overconfidence is bad, too. Otherwise I crash the plane before it really takes off.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Exit Strategy
NinjaTrader
Better Renko Gaps
The Elite Circle
Online prop firm The Funded Trader (TFT) going under?
Traders Hideout
ZombieSqueeze
Platforms and Indicators
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 …
60 thanks
Funded Trader platforms
41 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #32 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
Posts: 187 since Mar 2011
Thanks Given: 406
Thanks Received: 142

yesterday my max drawdown was $ 1600.
This was shortly before my bearable pain threshold.
In the past, whenever I came into the region of 1700-2000 my mind started to play tricks.
Then I see set-ups where no set-ups are.
I deviate completely from my trading style, mostly shooting for home runs.
And I do one trade after another.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #33 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
Posts: 187 since Mar 2011
Thanks Given: 406
Thanks Received: 142


I should also have some comparison # of trades on good days vs. # of trades on bad days.
On bad days I trade a lot more than on good days.
This has to be the other way round.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #34 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
Posts: 187 since Mar 2011
Thanks Given: 406
Thanks Received: 142

all net commissions & fees

# of trades: 31
winning trades: 61 %
profit factor: 0.96
max. cons. wins: 6
max. cons. losses: 3
daily gain to max. drawdown: -0.06
devils: 7

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #35 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
Posts: 187 since Mar 2011
Thanks Given: 406
Thanks Received: 142

Prep

  • yields falling
  • CL & industry metal correcting
  • volatilities compared to Apr./May still elevated
  • HB vs. LV still rising
  • more stock volume to the upside
  • open interest of puts higher than for calls

Prefer NQ & GC more to the upside.
GCīs correction could lure in some buyers again.
If I was big I would try to bid it up again, before I unload before the weekend.
CL I still don`t know how I should interpret the movements.
Gonna go only on board if I see really strong moves - in either direction.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #36 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
Posts: 187 since Mar 2011
Thanks Given: 406
Thanks Received: 142

It happens too often that I have already banked enough but go on with trading.
The assessment shows that I am overall better off when implementing a daily loss limit.
When I have a "run" there is nothing wrong to book additional profits.
But it is a big error to give back to much or even let it turn into a daily loss.

Therefore I need an add. measure. Something like:

GiveBackFactor
daily peak profit drawdown factor
....

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #37 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
Posts: 187 since Mar 2011
Thanks Given: 406
Thanks Received: 142

lackluster trading in stocks; daily PB stopped yesterday
yields still falling but perhaps building a temporary low, time-spread still rising
HYG vs. IEF consolidating
CL & industry metal correcting
volatilities compared to Apr./May still elevated but coming down
HB vs. LV still rising
more stock volume to the upside
open interest of puts higher than for calls


NQ:
difficult guess: if someone wanted he could have taking NQ higher yesterday without spending too much money.
But this did not happen. Think we also see some position closing before the weekend.
Expect a range-market with not too much activity.
After European close perhaps they bid it again a little bit up.

GC:
lots of opportunities these days in GC
But donīt underestimate the volatility.
Perhaps a push up to lure in buyers and then unloading before the weekend
Prefer upside fading moves and momentum down.

CL:
seems more vulnerable to the downside.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #38 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
Posts: 187 since Mar 2011
Thanks Given: 406
Thanks Received: 142

all net commissions & fees

# of trades: 15
devils: 1
winning trades: 57.1 %
profit factor: 3.15
max. cons. wins: 4
max. cons. losses: 5
daily gain to max. drawdown: 3.4
PeakProfitGiveBack: 0.0 %

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #39 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
Posts: 187 since Mar 2011
Thanks Given: 406
Thanks Received: 142

all net commissions & fees

# of trades: 38
devils: 3
profit factor: 3.24
winning trades 66.7 %
max. cons. wins: 4
max. cons. losses: 2
daily gain to max. drawdown: 3.4
max. drawdown: -1.2
PeakProfitGiveBack: 0.0 %

...had the max. dd at the beginning. the rest of the day i had a run.
if i gave not back most of the gains on bad days, i already would be rich lol...

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #40 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
Posts: 187 since Mar 2011
Thanks Given: 406
Thanks Received: 142


all net commissions & fees

# of trades: 18
devils: 1
winning trades 72.7 %
max. cons. wins: 7
max. cons. losses: 2
profit factor: 2.6
max. drawdown: -3.0
daily gain to max. drawdown: 1.0
PeakProfitGiveBack: 0.0 %

Not happy with my trading today. The high win rate lures me into too many contracts.
More conviction than healthy.
Taking too much heat!

Visit my NexusFi Trade Journal Started this thread Reply With Quote




Last Updated on September 27, 2019


© 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