NexusFi: Find Your Edge


Home Menu

 





The PandaWarrior Chronicles


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one PandaWarrior with 945 posts (6,447 thanks)
    2. looks_two tigertrader with 101 posts (1,011 thanks)
    3. looks_3 tderrick with 88 posts (205 thanks)
    4. looks_4 Big Mike with 85 posts (437 thanks)
      Best Posters
    1. looks_one tigertrader with 10 thanks per post
    2. looks_two PandaWarrior with 6.8 thanks per post
    3. looks_3 Big Mike with 5.1 thanks per post
    4. looks_4 VinceVirgil with 3.1 thanks per post
    1. trending_up 399,292 views
    2. thumb_up 11,064 thanks given
    3. group 162 followers
    1. forum 2,157 posts
    2. attach_file 207 attachments




Closed Thread
 
Search this Thread

The PandaWarrior Chronicles

  #1521 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568

All the best!!

Follow me on Twitter Visit my NexusFi Trade Journal

Can you help answer these questions
from other members on NexusFi?
Online prop firm The Funded Trader (TFT) going under?
Traders Hideout
Deepmoney LLM
Elite Quantitative GenAI/LLM
Build trailing stop for micro index(s)
Psychology and Money Management
Are there any eval firms that allow you to sink to your …
Traders Hideout
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
  #1522 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,404

No trades today. I woke up really late....guess I was more tired from my seafaring trip than I realized....so I elected to goof around on sim today...it didnt go well....but to be fair, I was emailing TST back and forth today and talking to my friend on skype about his trading as well as someone he's teaching to trade....so honestly didn't really pay that much attention.....in any event, I should be back to trading for real tomorrow....

As to the TST thing, it looks like I'll start one a week from Monday. They gave me a free trial week to get used to the platform again since its been so long since I did a combine.....so probably start the "trial" on monday and then the combine after that...

A big thank you to everyone that stopped by to say happy birthday....I appreciate it....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
  #1523 (permalink)
 syxforex 
British Columbia
 
Experience: Advanced
Platform: NINJA
Broker: ZEN
Trading: Crude
Posts: 1,091 since May 2010


Enjoy the Cake Cabron!!!

Visit my NexusFi Trade Journal
  #1524 (permalink)
 EastCoastTrader 
NoVa, USA
 
Experience: Beginner
Platform: NinjaTrader
Trading: CL
Posts: 58 since Sep 2011
Thanks Given: 562
Thanks Received: 203

Happy belated birthday!

  #1525 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,404

I traded cautiously today, not much risk. Just trying to get back into the saddle after almost a week gone. Also trying to overcome the break even streak I've been on the last 2-3 weeks. March was basically a break even month for me. I did make money but the equity curve was not pretty.

I think I took to much risk on most of the trades and secondly, I think I misjudged in many cases where my targets needed to be. In some cases, I got greedy and had targets to large, in others, to close. Which added up to missed opportunity in both cases. Oddly enough, I'm reasonably good at figuring out where they should be, however, I don't always acknowledge this while the trade is live. If I expect the market to turn at a certain point, it makes no sense to have a target further away than this and yet this happened several times in March. The result was when the market turned, I missed out on profit that would have otherwise been mine. Other times, I simply refused to accept the fact the target which was quite far away was within the realm of possibility and so took profit to soon.....

Time is a factor here. For the larger targets, I start getting impatient around the 15-20 min mark. I've noticed that a trade that's in profit but stalls around that time frame ends up costing me money because I'll close it down, only to see it continue on a few minutes later....best practice is to just walk away but then thats not prudent for a variety of reasons.

While my patience has come a long way, I recognize it still is incomplete. I continue to work on this while standing in line at the store, in traffic, waiting on my family to get ready to go somewhere, (this is a hard one) waiting at the doctor, or any other instance where patience is not normally expected....I try to just breathe, let the impatience wash over and through me and then be replaced with calm acceptance of the circumstances and just go with the flow. It is carrying over to my trading, slowly but surely. But gosh darn it, not fast enough!

Anyway, I am one and done today. A large opening range could spell sideways for quite a while. So I was able to execute my trading plan today nearly perfect. My only real mistake was not clicking the sell button a few seconds earlier as I expected my limit order to be filled and when it wasn't I hesitated a bit to long, still it was a good trade and I am satisfied with my performance today.


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
  #1526 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532

Happy Birthday, brother.... hope you had a good one


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Follow me on Twitter Visit my NexusFi Trade Journal
  #1527 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,404

50 ticks so far.....


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
  #1528 (permalink)
 soumi71 
Toronto
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: CL , 6E
Posts: 199 since Jun 2009
Thanks Given: 760
Thanks Received: 274

Nice Entry Brian :-)


Enjoy the week-end !

"Risk more than others think safe.
Dream more than others think practical.
Expect more than others think possible.
Care more than others think wise"
  #1529 (permalink)
 
TonyParisi's Avatar
 TonyParisi 
Jacksonville, FL
 
Experience: Beginner
Platform: NinjaTrader
Trading: CL
Posts: 33 since Oct 2012
Thanks Given: 217
Thanks Received: 40


PandaWarrior View Post
50 ticks so far.....


Hey bro, been following you for a while. Noticed you slightly changed your charts lately, but it looks just cosmetic, love the simplicity. Anyway, I noticed you threw up what I think to be your rules in the top left hand corner???? The:
1) Break Swing
2) Break TL
3) 70% retracement

  #1530 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,404



TonyParisi View Post
Hey bro, been following you for a while. Noticed you slightly changed your charts lately, but it looks just cosmetic, love the simplicity. Anyway, I noticed you threw up what I think to be your rules in the top left hand corner???? The:
1) Break Swing
2) Break TL
3) 70% retracement

Thanks for chiming in and for the compliment.

I am slowly reducing the stuff on my charts. I want to be able to see the flow of price and not all the lines....next on my list of things to remove....trend lines....and just go with the horizontal levels. I'm not there yet, but its on my bucket list....

What I currently have are the opening range set to the first 5 minutes of the cash session along with the 50% level of the opening range, the 50% level of the daily range tracking from the electronic open, the ADR indicator that tells me what the current, most recent 3 and 10 tradings days average is and the little indie that reminds me of my basic rules.....thats it...I do have the current HOD and LOD as well as prior day HOD and LOD on a higher time frame chart but those are not necessary on my trading chart.

The opening range is my initial bearish/bullish bias indicator, the 50% fib is my larger picture bearish/bullish indicator + it often functions as a support or resistance level, the ADR just helps me figure out how aggressive to be or not to be based on the range. No need for a 100 tick target if the range is 66 ticks most of the time.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread

Closed Thread



Last Updated on May 14, 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