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The PandaWarrior Chronicles
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The PandaWarrior Chronicles

  #1611 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received


PandaWarrior View Post
+30 Ticks today. Would have been a lot more but only IF:


2. I had complete rollover data. Turns out my chart looks nothing like the actual chart due to incomplete rollover data.
...

I had a horrible time with rollover this month. Could not get ETH vwap for anything, it started at midnight and would not even try to negotiate. lol!

And I went to SC thinking that was one of the plusses...

It happens, wait a few days and it will fix itself.

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  #1612 (permalink)
Elite Member
Georgia, US
 
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GaryD View Post
I had a horrible time with rollover this month. Could not get ETH vwap for anything, it started at midnight and would not even try to negotiate. lol!

Eh? User error, Gary. Sounds like a setting is not right. Send me a shot of the settings if you want me to look at it.

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  #1613 (permalink)
User requested to be banned
Orlando, Florida
 
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Posts: 6,462 since May 2011
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josh View Post
Eh? User error, Gary. Sounds like a setting is not right. Send me a shot of the settings if you want me to look at it.

Possibly, but I am getting pretty comfortabe with Sierra. I checked the chart settings for day and evening times, indicator settings for times, reloaded data, nothing worked. RTH was fine, but ETH would not pick up 1800. But tonight it did on it's own, and it did not hurt my trading today, just another curveball. If it persists I will send up a flare.

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  #1614 (permalink)
Elite Member
New York, NY
 
Futures Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker/Data: Amp-Rithmic/TT, IB
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Deucalion View Post
Without going all nuts about edge, risk and randomness....I only started realizing last year how relentless execution of even a small edge produces a profitable business. For example - Here is random system with 50% win rate, with only a 1.25R gain for every 1R risk (Panda - in your case, if you take 1R to be 10ticks on CL), then the reward is 13ticks. Now assuming, 50G account with 1% risk taken and including commission, I modeled 1000 trades in 100 trade cycles to see if randomness would show robustness. And it does.

Would you mind sharing this modeling file?

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  #1615 (permalink)
Elite Member
New York, NY
 
Futures Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker/Data: Amp-Rithmic/TT, IB
Favorite Futures: CL, GC, NQ
 
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PandaWarrior View Post
I'm currently targeting 20 ticks as the bread and butter trades with a 46% win rate. A higher than usual number of BE but I go BE once I get to +15. If price is moving my way quickly and it looks like structurally I might get a runner, I move the target out and start to add to the runner.....however, I only started this today. I've been looking at how to do it successfully and I think I mostly figured it out.

So far so good...stay tuned.

Do you think its best to test these changes in method/money management/scaling etc on sim or live?

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  #1616 (permalink)
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In the heat
 
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Futures Operator View Post
Do you think its best to test these changes in method/money management/scaling etc on sim or live?


live if you can afford it, trade small though until you are sure. If not, sim for as short a time as possible.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #1617 (permalink)
Elite Member
New York, NY
 
Futures Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker/Data: Amp-Rithmic/TT, IB
Favorite Futures: CL, GC, NQ
 
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Futures Operator View Post
Would you mind sharing this modeling file?

Thanks, in case anyone else wants it:

Attached Files
Register to download File Type: xls MoneyExpertEC.xls (248.0 KB, 56 views)
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  #1618 (permalink)
Elite Member
In the heat
 
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Platform: NT
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PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

My family is beginning to have family reunions at the freakin hospital. The docs are all walking into the rooms saying things like "I remember you". My mom is once again in the hospital with a serious kidney infection. I am getting sick of that place.

I drove a friend to the airport in Phoenix yesterday after trading.....6 hours round trip. Thank God for XM radio.

Pretty tired last night but felt pretty good today. Health wise I feel like I am making slow progress. Lost 20 pounds so far, my energy is better, slowly starting to eat better. No soda for over a month now, little to no sugar, almost no bread although I found some without all the crap in it and I love it. On the advice of a friend, I added some supplements to my diet to help offset the negative effects of the heart meds....thank you, you know who you are....dang that stuff was expensive.

Been clicking on all cylinders lately. Seeing the market fairly well. Taking my stops, and lately, adding to the winners albeit somewhat tentatively. This is the way to make money though. Enter small, start adding to winners as soon as its safe, trail out on the entire position at some point. I am still getting a little nervous on those trails, exiting a bit to soon. But I'm making money again. Thats a huge deal for me. I had my best pnl day today in a long time on top of yesterday's very decent day. I had to leave early yesterday or I think I could have a monster day based on the chart...hindsight is 20/20 of course.

I had a break through moment a few days ago. Been targeting 20 ticks and that does seem to be a great number for me. But something someone said flipped a switch for me in terms of embracing uncertainty and all of a sudden I didn't care about any single trade near as much as I had previously. More important though, I realized with that place in your mind that really embraces an idea that not only is each entry random in terms of it working out but so is how far it might travel in my favor. Suddenly holding for larger exits became a reality for me. Not just intellectually but emotionally. That being said, I've gotten several 30-40 tick trades. Looking to extend those out to 40-60 as time goes by. I can be patient with that.

The biggest thing though was the heart attack. It drilled into my psyche how temporary and uncertain EVERYTHING in life is. And that changed the way I think about the markets. Permanently. Which is a really good thing. Almost all the stress I felt while waiting and waiting and then while the trade was in progress is nearly gone. What a feeling.

Another major thing is I am thinking like a winner again. I expect to win......huge win for me.

Haven't posted a chart in a while so thought I would throw one up just to add a placeholder for me as time goes by.

Cheers

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Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #1619 (permalink)
Elite Member
Holland, Michigan
 
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PandaWarrior View Post
My family is beginning to have family reunions at the freakin hospital. The docs are all walking into the rooms saying things like "I remember you". My mom is once again in the hospital with a serious kidney infection. I am getting sick of that place.

I drove a friend to the airport in Phoenix yesterday after trading.....6 hours round trip. Thank God for XM radio.

Pretty tired last night but felt pretty good today. Health wise I feel like I am making slow progress. Lost 20 pounds so far, my energy is better, slowly starting to eat better. No soda for over a month now, little to no sugar, almost no bread although I found some without all the crap in it and I love it. On the advice of a friend, I added some supplements to my diet to help offset the negative effects of the heart meds....thank you, you know who you are....dang that stuff was expensive.

Been clicking on all cylinders lately. Seeing the market fairly well. Taking my stops, and lately, adding to the winners albeit somewhat tentatively. This is the way to make money though. Enter small, start adding to winners as soon as its safe, trail out on the entire position at some point. I am still getting a little nervous on those trails, exiting a bit to soon. But I'm making money again. Thats a huge deal for me. I had my best pnl day today in a long time on top of yesterday's very decent day. I had to leave early yesterday or I think I could have a monster day based on the chart...hindsight is 20/20 of course.

I had a break through moment a few days ago. Been targeting 20 ticks and that does seem to be a great number for me. But something someone said flipped a switch for me in terms of embracing uncertainty and all of a sudden I didn't care about any single trade near as much as I had previously. More important though, I realized with that place in your mind that really embraces an idea that not only is each entry random in terms of it working out but so is how far it might travel in my favor. Suddenly holding for larger exits became a reality for me. Not just intellectually but emotionally. That being said, I've gotten several 30-40 tick trades. Looking to extend those out to 40-60 as time goes by. I can be patient with that.

The biggest thing though was the heart attack. It drilled into my psyche how temporary and uncertain EVERYTHING in life is. And that changed the way I think about the markets. Permanently. Which is a really good thing. Almost all the stress I felt while waiting and waiting and then while the trade was in progress is nearly gone. What a feeling.

Another major thing is I am thinking like a winner again. I expect to win......huge win for me.

Haven't posted a chart in a while so thought I would throw one up just to add a placeholder for me as time goes by.

Cheers

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@PandaWarrior

Great uplifting post Brian. Glad things are changing for the better. Your hard work and perseverance is to be admired. Always enjoy viewing your charts. Best wishes to your Mom for a speedy recovery.

Rick

"If you're going to panic during a trade............. panic early."
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  #1620 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 719 since Oct 2011
Thanks: 624 given, 2,445 received



PandaWarrior View Post
My family is beginning to have family reunions at the freakin hospital. The docs are all walking into the rooms saying things like "I remember you". My mom is once again in the hospital with a serious kidney infection. I am getting sick of that place.

I drove a friend to the airport in Phoenix yesterday after trading.....6 hours round trip. Thank God for XM radio.

Pretty tired last night but felt pretty good today. Health wise I feel like I am making slow progress. Lost 20 pounds so far, my energy is better, slowly starting to eat better. No soda for over a month now, little to no sugar, almost no bread although I found some without all the crap in it and I love it. On the advice of a friend, I added some supplements to my diet to help offset the negative effects of the heart meds....thank you, you know who you are....dang that stuff was expensive.

Been clicking on all cylinders lately. Seeing the market fairly well. Taking my stops, and lately, adding to the winners albeit somewhat tentatively. This is the way to make money though. Enter small, start adding to winners as soon as its safe, trail out on the entire position at some point. I am still getting a little nervous on those trails, exiting a bit to soon. But I'm making money again. Thats a huge deal for me. I had my best pnl day today in a long time on top of yesterday's very decent day. I had to leave early yesterday or I think I could have a monster day based on the chart...hindsight is 20/20 of course.

I had a break through moment a few days ago. Been targeting 20 ticks and that does seem to be a great number for me. But something someone said flipped a switch for me in terms of embracing uncertainty and all of a sudden I didn't care about any single trade near as much as I had previously. More important though, I realized with that place in your mind that really embraces an idea that not only is each entry random in terms of it working out but so is how far it might travel in my favor. Suddenly holding for larger exits became a reality for me. Not just intellectually but emotionally. That being said, I've gotten several 30-40 tick trades. Looking to extend those out to 40-60 as time goes by. I can be patient with that.

The biggest thing though was the heart attack. It drilled into my psyche how temporary and uncertain EVERYTHING in life is. And that changed the way I think about the markets. Permanently. Which is a really good thing. Almost all the stress I felt while waiting and waiting and then while the trade was in progress is nearly gone. What a feeling.

Another major thing is I am thinking like a winner again. I expect to win......huge win for me.

Haven't posted a chart in a while so thought I would throw one up just to add a placeholder for me as time goes by.

Cheers

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I'm glad you're health is improving.
I wonder sometimes how much my trading could be impacting my health. Although I've always been healthy, eaten well..and exercised..I get constant adrenaline rushes when I trade. I often get very stressed out. I feel my heart beating 100 miles an hour ( this is usually after entering a trade when I have just had a couple of losses already) and I know my blood pressure is probably spiking. I get headaches for hours sometimes after a stressful session.
Besides those reactions, I do fairly well with my trading... but being I recently turned 50..I am concerned a bit about the physical toll it's putting on me.

Do you feel your trading had any impact on your heart condition or do you remain mostly calm when you trade?

Failure is not an option
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