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My MES Live Account Journal (OneUp)


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My MES Live Account Journal (OneUp)

  #11 (permalink)
 
CarpetHooligan's Avatar
 CarpetHooligan 
IL/USA
 
Experience: Master
Platform: NinjaTrader
Trading: ES
Posts: 61 since Aug 2017
Thanks Given: 9
Thanks Received: 78

Ask a coder to write an app for you that will auto shut down your trading platform and won't allow you to start it until next day.

Oh and if you try to uninstall the shutdown app, the total amount you lost will be auto withdrawn from your bank and sent to the coder.

I'm not kidding.

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  #12 (permalink)
 
sstheo's Avatar
 sstheo 
Holladay, Utah, USA
 
Experience: Intermediate
Platform: Multicharts
Broker: AMP/CQG
Trading: MES, MYM, MNQ, M2K
Posts: 285 since Oct 2012
Thanks Given: 198
Thanks Received: 1,490


CarpetHooligan View Post
Ask a coder to write an app for you that will auto shut down your trading platform and won't allow you to start it until next day.

Oh and if you try to uninstall the shutdown app, the total amount you lost will be auto withdrawn from your bank and sent to the coder.

I'm not kidding.


This is an awesome idea! This would certainly elevate things to the level of "You are an &*#@!^ing idiot if you trade outside of permitted hours." And I am sure that ANY desired behavior could be monitored -- and violations punished the same way.

But is not the goal in all trading (if not all of life!) is to become AUTO-Disciplined? LOL

And thanks to you Carpet Hooligan, I just had a major epiphany. Thanks so much!

Since this thread is my own journal, I just realized that I can utilize the scrutinous eyeballs of other thoughtful FIO members such as yourself to help me reach my desired trading behaviors. I can simply add a few columns to the daily spreadsheet that I already post weekly, and honestly track the results of the the things I am struggling with the most.

These are the first four:

(1) Did I trade only during New York Regular Trading Hours?
(2) Did I place an emergency stop on 100% of my trades?
(3) Notwithstanding the stop, did I scratch immediately if I determined the trade was going against me?
(4) What was the actual largest negative excursion?

I know that I have cheated on my trading rules for many years, and that is why I am still a beginner.

In doing my best to follow my goals and posting the results here for all to see, I am fearful that my win rate may drop precipitously, but perhaps I will be pleasantly surprised with an increase in overall profits. Is it finally time for my win rate to be sacrificed on the altar of profitability? Yes. The problem with most traders is that their need to be "right" outstrips their desire to make money. It is time for a change for me. The Holy Grail of Trading is DISCIPLINE and Discipline = $$$.

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  #13 (permalink)
 
Kaimu's Avatar
 Kaimu 
Madrid - Spain
 
Experience: Advanced
Platform: Ninja
Trading: ES,NQ
Posts: 315 since Mar 2012
Thanks Given: 883
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CarpetHooligan View Post
Ask a coder to write an app for you that will auto shut down your trading platform and won't allow you to start it until next day.

Oh and if you try to uninstall the shutdown app, the total amount you lost will be auto withdrawn from your bank and sent to the coder.

I'm not kidding.

I'm kidding but it's built it...

https://daytraderprofesional.com/herramientas/guardian-angel-trader

Cheers

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  #14 (permalink)
 
sstheo's Avatar
 sstheo 
Holladay, Utah, USA
 
Experience: Intermediate
Platform: Multicharts
Broker: AMP/CQG
Trading: MES, MYM, MNQ, M2K
Posts: 285 since Oct 2012
Thanks Given: 198
Thanks Received: 1,490


ignacio90 View Post


Is this your creation? This is amazing. What is the price in $USD?

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  #15 (permalink)
 
Stillgreen's Avatar
 Stillgreen 
Oregon
 
Experience: Beginner
Platform: Sierra Chart
Trading: ES
Posts: 196 since May 2014
Thanks Given: 356
Thanks Received: 248

Congratulations on your success so far with OneUp.
With Topstep , once you are funded, you have to pay the Professional rate for Data feeds for each CME/CBOT market.
Is this the same with OneUp ?

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  #16 (permalink)
 
Brandenton's Avatar
 Brandenton 
Virginia Beach, VA
Legendary Lost At Sea!!
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TopStep
Trading: YM, MYM
Posts: 830 since Sep 2016
Thanks Given: 754
Thanks Received: 1,556


Stillgreen View Post
Congratulations on your success so far with OneUp.
With Topstep , once you are funded, you have to pay the Professional rate for Data feeds for each CME/CBOT market.
Is this the same with OneUp ?

Nope. Once funded, they flip the bill. All you have to do is trade.

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  #17 (permalink)
 
sstheo's Avatar
 sstheo 
Holladay, Utah, USA
 
Experience: Intermediate
Platform: Multicharts
Broker: AMP/CQG
Trading: MES, MYM, MNQ, M2K
Posts: 285 since Oct 2012
Thanks Given: 198
Thanks Received: 1,490


Stillgreen View Post
Congratulations on your success so far with OneUp.
With Topstep , once you are funded, you have to pay the Professional rate for Data feeds for each CME/CBOT market.
Is this the same with OneUp ?

As mentioned, there is nothing to pay with MES Capital for data feed.

What do those professional data feed fees cost each month?

And why would anyone consider someone on TST a professional unless they were credentialed? It seems punitive.

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  #18 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
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Thanks Received: 6,018


sstheo View Post
As mentioned, there is nothing to pay with MES Capital for data feed.

What do those professional data feed fees cost each month?

And why would anyone consider someone on TST a professional unless they were credentialed? It seems punitive.

I think the CME considers you are a pro when your trade other people's money.

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  #19 (permalink)
 
dyst's Avatar
 dyst 
Singapore
 
Experience: Intermediate
Platform: NinjaTrader, Sierra, MT4
Trading: ES, CL, NG, XAUUSD, USDJPY
Posts: 109 since May 2015
Thanks Given: 75
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Good question, I wondered about that too.

If you dont have the financial licence papers, how can you be classified a professional? If it is about managing other people's money... well then idk what to say really.



sstheo View Post
As mentioned, there is nothing to pay with MES Capital for data feed.

What do those professional data feed fees cost each month?

And why would anyone consider someone on TST a professional unless they were credentialed? It seems punitive.


Numbers work... Magic lies in the numbers
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  #20 (permalink)
 
CarpetHooligan's Avatar
 CarpetHooligan 
IL/USA
 
Experience: Master
Platform: NinjaTrader
Trading: ES
Posts: 61 since Aug 2017
Thanks Given: 9
Thanks Received: 78


If you are trading someone else's money and are signing up for TST that indicates a logic disconnect somewhere A trader is considered pro when they trade as part of an LLC, for example, because it allows multiple people to then trade the account as part of the company. They need to sign as that company if they want to later direct taxes and loss deductions against it as well.

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