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Trading the Micro Contracts


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Trading the Micro Contracts

  #61 (permalink)
 
blackgrey45's Avatar
 blackgrey45 
Marco Island, FL
Legendary Market Wizard
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP Global
Trading: MCL MES
Frequency: Several times daily
Duration: Minutes
Posts: 785 since Jul 2022
Thanks Given: 877
Thanks Received: 909


Mik618 View Post
You show me yours and I'll show you mine:


I guess your talking about posting charts? Sorry I don't use charts. All I use is the DOM and an excel spreadsheet.

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Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
MC PL editor upgrade
MultiCharts
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
How to apply profiles
Traders Hideout
Trade idea based off three indicators.
Traders Hideout
 
  #62 (permalink)
 Mik618 
Poteau, OK
 
Experience: Intermediate
Platform: ToS, IB
Broker: Rithmic
Trading: SPY/QQQ options/MES, MNQ
Posts: 39 since Feb 2022
Thanks Given: 34
Thanks Received: 30

Sorry, maybe that was someone else's chart?

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  #63 (permalink)
 
blackgrey45's Avatar
 blackgrey45 
Marco Island, FL
Legendary Market Wizard
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP Global
Trading: MCL MES
Frequency: Several times daily
Duration: Minutes
Posts: 785 since Jul 2022
Thanks Given: 877
Thanks Received: 909


Alright, so I got my monthly statement for August:

Loss without commissions: -$205.25
Commissions: -$367.08
Exchange fees: -$203.64
Total contracts traded: 604

I will work on getting my win rate.

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  #64 (permalink)
Mrhamster
San Francisco , CA
 
Posts: 23 since Aug 2022
Thanks Given: 21
Thanks Received: 10


blackgrey45 View Post
I guess your talking about posting charts? Sorry I don't use charts. All I use is the DOM and an excel spreadsheet.

Real men only use the DOM.................at least thats what my grandpa told me .

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  #65 (permalink)
 
blackgrey45's Avatar
 blackgrey45 
Marco Island, FL
Legendary Market Wizard
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP Global
Trading: MCL MES
Frequency: Several times daily
Duration: Minutes
Posts: 785 since Jul 2022
Thanks Given: 877
Thanks Received: 909

Alright, day two of my new strategy. Traded all MES contracts.



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  #66 (permalink)
 
blackgrey45's Avatar
 blackgrey45 
Marco Island, FL
Legendary Market Wizard
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP Global
Trading: MCL MES
Frequency: Several times daily
Duration: Minutes
Posts: 785 since Jul 2022
Thanks Given: 877
Thanks Received: 909

Euro fx futures below the pivotal 1.0000 level. I think it could trade 0.9800.

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  #67 (permalink)
 
blackgrey45's Avatar
 blackgrey45 
Marco Island, FL
Legendary Market Wizard
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP Global
Trading: MCL MES
Frequency: Several times daily
Duration: Minutes
Posts: 785 since Jul 2022
Thanks Given: 877
Thanks Received: 909

Held onto a losing trade way to long and lost some money. Try harder next time I guess.



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  #68 (permalink)
 
blackgrey45's Avatar
 blackgrey45 
Marco Island, FL
Legendary Market Wizard
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP Global
Trading: MCL MES
Frequency: Several times daily
Duration: Minutes
Posts: 785 since Jul 2022
Thanks Given: 877
Thanks Received: 909

The basics of what I know and/or believe today:
1)There is a 50% chance that the market will go up/down at any given moment (I know some of you will disagree).
2)I can save one tick by using a limit order instead of a market order to enter and exit a trade.
3)My trading will be focused on losses.
4)I will work to answer the question: How much pain(losses) am I willing to take on each trade?

There you go, those are my thoughts this weekend.

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  #69 (permalink)
 
blackgrey45's Avatar
 blackgrey45 
Marco Island, FL
Legendary Market Wizard
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP Global
Trading: MCL MES
Frequency: Several times daily
Duration: Minutes
Posts: 785 since Jul 2022
Thanks Given: 877
Thanks Received: 909

Today's focus:
1) Buying lows and selling highs
2)Learning how to deal with losses

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  #70 (permalink)
 
blackgrey45's Avatar
 blackgrey45 
Marco Island, FL
Legendary Market Wizard
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP Global
Trading: MCL MES
Frequency: Several times daily
Duration: Minutes
Posts: 785 since Jul 2022
Thanks Given: 877
Thanks Received: 909



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Last Updated on January 13, 2023


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