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GFIs1 1 DAX trade per day journal
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GFIs1 1 DAX trade per day journal

  #1861 (permalink)
Trading Apprentice
London
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 5 since Feb 2015
Thanks: 15 given, 3 received


GFIs1 View Post
I quickly checked the posted numbers:
Max drawdown was 40 points minus. This was a test to see how stops at 30, 33 and 40 points
will get us - this was over 3 and a halve year of system.
My best trade was 193 points in one trade: 15th october 2014 - just check it here in the journal.

GFIs1

Did the 40 points loss bother you?
I means trading DAX can give you lots of ups and downs and the downs can be very devastating.
How did you cope with those losses?

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  #1862 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,889 since Feb 2012
Thanks: 3,563 given, 7,097 received
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haochik View Post
Did the 40 points loss bother you?
I means trading DAX can give you lots of ups and downs and the downs can be very devastating.
How did you cope with those losses?

Winning is winning and losing is losing - does not matter really - it is part of the trading.
As it is as business owner too.
But OPTIMIZING the losers is primordial.
This is a long process depending on your own trading strategy.
My 30 points SL is a result of a lot of trial and error.
But it works like a charm for me..
Setting stops wide enough to not be in the noise and near
enough to not lose a lot is the main thing of "Money Management".
My goals are longterm oriented - so some negative results in a row
do not make me crazy.

GFIs1

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  #1863 (permalink)
Trading Apprentice
London
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 5 since Feb 2015
Thanks: 15 given, 3 received



GFIs1 View Post
Winning is winning and losing is losing - does not matter really - it is part of the trading.
As it is as business owner too.
But OPTIMIZING the losers is primordial.
This is a long process depending on your own trading strategy.
My 30 points SL is a result of a lot of trial and error.
But it works like a charm for me..
Setting stops wide enough to not be in the noise and near
enough to not lose a lot is the main thing of "Money Management".
My goals are longterm oriented - so some negative results in a row
do not make me crazy.

GFIs1


I read your post you said you use 30 min chart. If I use shorter timeframes like 1min or 5 min, should I still use 30 points stop? Or use a tighter one?


Last edited by haochik; February 12th, 2015 at 08:51 AM.
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  #1864 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
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Favorite Futures: ES
 
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GFIs1 View Post
Winning is winning and losing is losing - does not matter really - it is part of the trading.
As it is as business owner too.
But OPTIMIZING the losers is primordial.
This is a long process depending on your own trading strategy.
My 30 points SL is a result of a lot of trial and error.
But it works like a charm for me..
Setting stops wide enough to not be in the noise and near
enough to not lose a lot is the main thing of "Money Management".
My goals are longterm oriented - so some negative results in a row
do not make me crazy.

GFIs1

Very, very good statement of what's important.... and I think the principles stated here apply equally to any trading orientation, and any timeframe, just making the appropriate adjustments to fit your own situation.

Bob.

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  #1865 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,889 since Feb 2012
Thanks: 3,563 given, 7,097 received
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haochik View Post
I read your post you said you use 30 min chart. If I use shorter timeframe like 1min or 5 min, should I still use 30 points stop? Or use a tighter one?

This answer is quickly said:
The 30 point stop loss is working for ME. For my system. It has a lot of optimizing process behind.
It does not depend on my timeframe - but depends on my Trading System.
If it works for you is with high probabilty said: NO - it will not!
As I do not know your trading system.
My proposition for you: try to find the best place NEAR the noise but not IN the noise.

Good trades
GFIs1

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  #1866 (permalink)
Trading Apprentice
London
 
Futures Experience: Intermediate
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Favorite Futures: Futures
 
Posts: 5 since Feb 2015
Thanks: 15 given, 3 received


GFIs1 View Post
This answer is quickly said:
The 30 point stop loss is working for ME. For my system. It has a lot of optimizing process behind.
It does not depend on my timeframe - but depends on my Trading System.
If it works for you is with high probabilty said: NO - it will not!
As I do not know your trading system.
My proposition for you: try to find the best place NEAR the noise but not IN the noise.

Good trades
GFIs1

Thank! I would try to do it!

I have learned a lot from your post, hope you can keep updating it.

Good trades!

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  #1867 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,889 since Feb 2012
Thanks: 3,563 given, 7,097 received
Forum Reputation: Legendary

Friday trade

Dax long 09:30 to 16:30

entry @ 10979
exit @ 10968
result minus 11 points: was not that pushing

IB vol good

Despite a rally yesterday we try... to kill the 11K edit: 09:38h: 11K!!
Be aware US holiday on Monday.

GFIs1


Last edited by GFIs1; February 13th, 2015 at 11:51 AM.
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  #1868 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
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Favorite Futures: Futures
 
Posts: 3,889 since Feb 2012
Thanks: 3,563 given, 7,097 received
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Week 7 results

This week had 2 trades

One positive +31 points
one negative - 11 points
weekly points 20
Points since week 2: 24

GFIs1

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  #1869 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,889 since Feb 2012
Thanks: 3,563 given, 7,097 received
Forum Reputation: Legendary

no Monday trade

because of US holiday

but on Tuesday a normal trade should happen!

Have a great weekend
GFIs1

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  #1870 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
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Posts: 3,889 since Feb 2012
Thanks: 3,563 given, 7,097 received
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Tuesday trade


Dax short 09:30 to 15:00

entry @ 10791
exit @ 10821
result minus 30 points

IB vol: CAUTION low

GFIs1


Last edited by GFIs1; February 17th, 2015 at 04:54 AM.
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