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The PandaWarrior Chronicles
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The PandaWarrior Chronicles

  #1591 (permalink)
Elite Member
Raleigh,NC
 
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"A" Setups


PandaWarrior View Post

All this has combined to reduce my stress by a factor of probably 90%, its enabled me to wait for the "A" set up as @Gary says and to wait for the trade to play out.

time to eat....

@PandaWarrior,

What is your "A" setup versus your other setups? Is it one with a higher win rate? Is it one that is easier to spot? Is it one that gives you a larger target usually? A smaller stop? I am not asking about your precise setup or trading plan, just curious what criteria makes it an "A" versus the other setups?

Thanks,
Wolf

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  #1592 (permalink)
Elite Member
In the heat
 
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Traderwolf View Post
@PandaWarrior,

What is your "A" setup versus your other setups? Is it one with a higher win rate? Is it one that is easier to spot? Is it one that gives you a larger target usually? A smaller stop? I am not asking about your precise setup or trading plan, just curious what criteria makes it an "A" versus the other setups?

Thanks,
Wolf

Yes.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #1593 (permalink)
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PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received



PandaWarrior View Post
Yes.

It occurred to me that I may have been a bit abrupt here...

So on the second go around, here is the reason the A set up is worth waiting for.
  • Its easier to see in real time
  • It has a positive expectancy
  • I can choose my own stop size
  • Targets are dynamic if I want them to be, or I can take fixed targets which is what I am doing now
  • There is no ambiguity for this set up. It either is or it isn't.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #1594 (permalink)
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Los Angeles, CA
 
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Hi Panda and Auric,

I had a very similar event as you described Auric -- prolonged artial fib et al. Was very scary and they put me in the hospital for observation for 2 days ( I had never been hospitalized before that, having enjoyed good health -- I was 45). Well that was 13 years ago and thanks to higher sources I haven't had another such occurrance. But it did wake me up to the fact that none of us are immortal and that we should not live our lives as though that were the case. I made some pretty major life changing alterations to my life shortly after all that. And I view trading as only a means to an end: putting bread on my family's table and a roof over their heads. Thank you Panda for reminding us all of this fact -- and my prayers go out to you that you see you little one's 506h birthday and many many more following that.




Auric View Post
Hi Panda,

I too just had a cardiac event a couple of weeks ago, prolonged atrial fib that lasted well over 24 hours with my heart rate ranging from 100-150. I'm 37 and relatively healthy and it put some things in perspective for me.

What put things in even more perspective was that same night a coworker's husband experienced an aortal dissection (age 50). They had to take his heart out to work on him and afterwards he's had some complications but he's lucky to be alive with a 75% morbidity rate.

I hug my kids tighter now so I know where you're coming from. Hope you're well on the road to recovery.


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  #1595 (permalink)
Elite Member
In the heat
 
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PandaWarrior's Avatar
 
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+40 ticks today after commissions. 2 losers, a BE and two winners. One +20 and the other +41.

No trades until 45 minutes after the open....I don't think I've ever waited that long to take a trade. There were two possibles before this, both worked but neither were A set ups so I passed.

I also had my live feed disconnect in the middle of a losing trade. I freaked out thinking my stops were local. Called up the broker, sure enough I was already out. My stop worked perfectly....a month ago, I would not have been able to continue trading out of fear, today, different story, just wait for the next one. That was a BE followed my a loser then the winner to get back to even....wait and wait some more, the A set up appears again....this time I think its gonna run, sure enough, it went to my intended target. I exited and then it went through another 20 ticks. The trail out location would have been the same price I exited anyway....

Near perfect execution today. I've only traded three days this week but I've made more money this week than I have the previous month and a half combined.

No charts this weekend.

Cheers.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #1596 (permalink)
Elite Member
New York, NY
 
Futures Experience: Intermediate
Platform: Sierra Chart, thinkorswim
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Favorite Futures: CL, GC, NQ
 
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PandaWarrior View Post
I also had my live feed disconnect in the middle of a losing trade. I freaked out thinking my stops were local. Called up the broker, sure enough I was already out. My stop worked perfectly....a month ago, I would not have been able to continue trading out of fear, today, different story, just wait for the next one.

Which feed are you using to trade CL, do you have server side oco? If local OCO, the stops are working at the exchange, but the cancel functionality is local, so if either stop or target is hit while disconnected, the other won't cancel.


PandaWarrior View Post
Near perfect execution today. I've only traded three days this week but I've made more money this week than I have the previous month and a half combined.

Nice trading!

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  #1597 (permalink)
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Futures Operator View Post
Which feed are you using to trade CL, do you have server side oco? If local OCO, the stops are working at the exchange, but the cancel functionality is local, so if either stop or target is hit while disconnected, the other won't cancel.
Nice trading!

Its AMP/CQG. They said they have server side OCO which makes sense as the stop executed exactly where it was supposed to even though my machine was offline. Ninja does not reflect that trade in its account summary section but the account balance as well as entry and exit fills match exactly what I think it should be.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #1598 (permalink)
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Des Moines, Iowa
 
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PandaWarrior View Post
Its AMP/CQG. They said they have server side OCO which makes sense as the stop executed exactly where it was supposed to even though my machine was offline. Ninja does not reflect that trade in its account summary section but the account balance as well as entry and exit fills match exactly what I think it should be.

i also had a discon around 9:50am CST with amp/cqg..

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
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  #1599 (permalink)
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madLyfe View Post
i also had a discon around 9:50am CST with amp/cqg..

This has been my very first issue with them since I opened the account.....and they handled it perfectly on the phone. Very fast as they had a lot of calls coming in but still, I got what I wanted very quickly.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #1600 (permalink)
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PandaWarrior View Post
Its AMP/CQG. They said they have server side OCO which makes sense as the stop executed exactly where it was supposed to even though my machine was offline. Ninja does not reflect that trade in its account summary section but the account balance as well as entry and exit fills match exactly what I think it should be.

in the executions tab in the Ninja control center, you can right-click and Add... to enter the trade. I think it's to let you sort out situations like this manually so that Ninja's account summary & stats won't be affected.

You can discover what your enemy fears most by observing the means he uses to frighten you.
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