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The Bolt Trader Journal

  #191 (permalink)
 BoltTrader 
Phoenix + AZ/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
Thanks Received: 831

Channel break. Now I am looking for my 2nd entry signal short. Anticipating it to be somewhere between 49.90 and 50.10.

Crude (CL)


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  #192 (permalink)
 BoltTrader 
Phoenix + AZ/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
Thanks Received: 831

1st entry long failed so unable to take the 2nd entry short trade setup on channel break. I missed the failure entry being away from computer.

Crude (CL)


Looking for next trade setup.

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  #193 (permalink)
 BoltTrader 
Phoenix + AZ/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
Thanks Received: 831


A 2nd entry short occured however I passed up the entry because on my tick chart I had a green bar (doji) and it is to close to the open. Price did reach my T1 target but appears to be reversing now at open.

Crude (CL)


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  #194 (permalink)
 BoltTrader 
Phoenix + AZ/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
Thanks Received: 831

I have to go take my wife to work so I am going to call it a day and get to the gym early. Have a great trading day all!

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  #195 (permalink)
 BoltTrader 
Phoenix + AZ/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
Thanks Received: 831

I just received an email from Scouting at TopStep Trader saying that the equity partner is prepared to provide me with a funded account pending my performance in Live Trader Preparation. They allowed me to choose the start date for the Live Trader Preparation. I selected next Tuesday, February 17th because of the holiday on Monday.

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  #196 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 959 since Nov 2010

It makes us only stronger

I hope when its time I don't need to go through LTP.
I can trade 5 lot but I desided that position size is 1 lot
and I dont add to the position even if daily profits are above + 500

That are your LTP rules ?

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  #197 (permalink)
 BoltTrader 
Phoenix + AZ/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
Thanks Received: 831


lemons View Post
It makes us only stronger

I hope when its time I don't need to go through LTP.
I can trade 5 lot but I desided that position size is 1 lot
and I dont add to the position even if daily profits are above + 500

That are your LTP rules ?

No you follow the funded trader scaling plan for the size Combine you were in. Here is the link for you to look at how it works:

Futures Funded Trader [AUTOLINK]Scaling[/AUTOLINK] Plan ? Help & Feedback Center

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  #198 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 959 since Nov 2010

ahaa

TST will put me through LTP because I have not scaled in COMBINE

By scaling plan I shoud use 5 lot today but my stop is apporx 20 ticks
One trade and I blow up daily loss limit.

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  #199 (permalink)
 
Scalpingtrader's Avatar
 Scalpingtrader 
Hanover, Germany
Legendary Amateur Trader
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
Posts: 1,945 since Apr 2014
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Thanks Received: 5,147


lemons View Post
ahaa

TST will put me through LTP because I have not scaled in COMBINE

By scaling plan I shoud use 5 lot today but my stop is apporx 20 ticks
One trade and I blow up daily loss limit.

there is no "should" in position size with tst.
there is only a "can" - and @TopstepTrader themselves said repeatedly that they like when people don't leverage up as big as possible.

And from what I can read elsewhere on futures.io (formerly BMT), Live trader prep is more or less mandatory, no matter how you traded your combine.

Just my 2c obviously

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  #200 (permalink)
 BoltTrader 
Phoenix + AZ/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
Thanks Received: 831


Missed early entries Long on the move up. Hesitated on entering Long. So I jumped in early on this 1st entry short. Easily good have taken +16 on this one. While doing everything for this journal entry I missed the 2nd entry short. No problems more setups will come.

Crude (CL)


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