NexusFi: Find Your Edge


Home Menu

 





Kevin's TST Combine Journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one kevinkdog with 237 posts (640 thanks)
    2. looks_two Big Mike with 34 posts (61 thanks)
    3. looks_3 Pedro40 with 27 posts (19 thanks)
    4. looks_4 deaddog with 20 posts (12 thanks)
      Best Posters
    1. looks_one Silver Dragon with 3 thanks per post
    2. looks_two kevinkdog with 2.7 thanks per post
    3. looks_3 Big Mike with 1.8 thanks per post
    4. looks_4 Pedro40 with 0.7 thanks per post
    1. trending_up 102,140 views
    2. thumb_up 886 thanks given
    3. group 60 followers
    1. forum 460 posts
    2. attach_file 138 attachments




 
Search this Thread

Kevin's TST Combine Journal

  #261 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,404

You should submit a custom combine eliminating all performance stats and focus only on profit objective an max loss.

After all, this is what really matters in the end and for those with discipline, this is the right way to go. That way you are not trading to some arbitrary stats. This would have eliminated the last couple of days worth of conversation as well. It cost $50 extra but worth it.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Better Renko Gaps
The Elite Circle
Futures True Range Report
The Elite Circle
Deepmoney LLM
Elite Quantitative GenAI/LLM
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
  #262 (permalink)
 kevinkdog   is a Vendor
 
Posts: 3,647 since Jul 2012
Thanks Given: 1,890
Thanks Received: 7,338


PandaWarrior View Post
You should submit a custom combine eliminating all performance stats and focus only on profit objective an max loss.

After all, this is what really matters in the end and for those with discipline, this is the right way to go. That way you are not trading to some arbitrary stats. This would have eliminated the last couple of days worth of conversation as well. It cost $50 extra but worth it.

That is a neat idea. Has anyone been approved to do a Combine with just those 2 parameters?

Follow me on Twitter Started this thread Reply With Quote
  #263 (permalink)
 
WarEagle's Avatar
 WarEagle 
Pensacola, FL
 
Experience: Advanced
Platform: SierraChart
Broker: IB
Trading: Futures, Stocks, Options
Posts: 30 since Apr 2010
Thanks Given: 56
Thanks Received: 25



kevinkdog View Post
If I could summarize my Combine experience, and what I learned, in one word, what do you think it would be?

I think it is the key between winning and losing traders...

Jumping the gun here but I would say "consistency".

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


WarEagle View Post
Jumping the gun here but I would say "consistency".

That is a good answer, as I don;t think you can be consistent without the word I am thinking of...

Follow me on Twitter Started this thread Reply With Quote
  #265 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,398 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537

My guess or preview of what you will say:

You learned/reminded of the fact that you need to be patient and "hold the course", meaning that once you define a way to measure yourself, you need to then actually do it. It doesn't mean blindly trade a system cash that is losing money, but it does mean you set up a test environment and certain conditions to meet before you started trading it, and then once it goes "live" (in whatever environment) then you need to follow through with that experiment.

If you start altering the experiment then the results are invalidated and more or less worthless.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #266 (permalink)
 kevinkdog   is a Vendor
 
Posts: 3,647 since Jul 2012
Thanks Given: 1,890
Thanks Received: 7,338


Big Mike View Post
My guess or preview of what you will say:

You learned/reminded of the fact that you need to be patient and "hold the course", meaning that once you define a way to measure yourself, you need to then actually do it. It doesn't mean blindly trade a system cash that is losing money, but it does mean you set up a test environment and certain conditions to meet before you started trading it, and then once it goes "live" (in whatever environment) then you need to follow through with that experiment.

If you start altering the experiment then the results are invalidated and more or less worthless.

Mike


Right On! I will be discussing exactly what you said... here are a couple of slides that describe it...





Follow me on Twitter Started this thread Reply With Quote
  #267 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,398 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537

I look forward to your follow-up combine

I also look forward to what you've come up with regarding the "challenge" I issued regarding your next futures.io (formerly BMT) webinar in July.



Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #268 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379


kevinkdog View Post
That is a neat idea. Has anyone been approved to do a Combine with just those 2 parameters?

Whenever you get a pass at something, you have to do something else harder, when you are doing a custom Combine. So I would say your profit target would go up significantly if they approve that plan. Like 50+% more.

I saw one funded trader whose profit target was less than the usual Combine and I couldn't figure out why he got that lowered. Maybe because he was trading multiple instruments....

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


Pedro40 View Post
Whenever you get a pass at something, you have to do something else harder, when you are doing a custom Combine. So I would say your profit target would go up significantly if they approve that plan. Like 50+% more.

I saw one funded trader whose profit target was less than the usual Combine and I couldn't figure out why he got that lowered. Maybe because he was trading multiple instruments....


No Free lunch!

Follow me on Twitter Started this thread Reply With Quote
  #270 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,404



Pedro40 View Post
Whenever you get a pass at something, you have to do something else harder, when you are doing a custom Combine. So I would say your profit target would go up significantly if they approve that plan. Like 50+% more.

I saw one funded trader whose profit target was less than the usual Combine and I couldn't figure out why he got that lowered. Maybe because he was trading multiple instruments....

Yes the profit objective is increased. It's usually one and a half times the max draw down. So for a $2000 draw down, your profit target is $3500.

This makes sense from an R:R standpoint. Make $3500 before you lose $2000.

Another reason this is an outstanding idea is it more closely resembles the Live Trader Prep that follows a normal combine.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
Thanked by:




Last Updated on April 26, 2014


© 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