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Short term TF trading


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Short term TF trading

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  #231 (permalink)
near Paris, France
 
Experience: Beginner
Platform: -
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Nicolas11's Avatar
 
Posts: 1,071 since Aug 2011
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Over-clear. Thanks!

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  #232 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

After spending more time here at futures.io (formerly BMT), and seeing what other people say about being arrogant and making things about money, I don't think I should be posting any more P/L figures.

This is a trade journal and we'll make it about the entries, exits, and management of them, my mindset, fears, mistakes, and successes.

I think I've done a fair job so far in making the journal mainly about those things, but I really don't want people to think I'm arrogant or just trying to get followers on the journal for posting $ P/L. I just started doing it because ninjatrader made it easy, and one of the main themes of this journal is transparency.

Back to focusing on ticks P/L and posting from my excel sheet trade log.

Any comments on this issue are welcomed.

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  #233 (permalink)
toronto canada
 
Experience: Intermediate
Platform: Ninja
Trading: CL
 
Posts: 54 since Jan 2010


IMHO...this is the finest journal on here...that's not a shot at anyone else...it just speaks to me in spades...and the transparency is to be commended...you're just showing the good bad and the ugly...nothing wrong with that IMHO.

Keep up the GREAT work...and thanks again for taking so much of your time and sharing!!!!!

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  #234 (permalink)
near Paris, France
 
Experience: Beginner
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Nicolas11's Avatar
 
Posts: 1,071 since Aug 2011
Thanks: 2,232 given, 1,748 received

Hi again,

I think that your journal is excellent. In particular, but not only, the part about your "accounting". Not in order to know your figures. But to understand the metrics and methodology you use to follow-up your work.

With respect to the figures themselves, two comments.

First, as an aspiring trader, I appreciate your transparency about P&L. Even if everybody's journey is different, it is good to have some benchmark, some ideas about what is possible or not. I do not say that your results are "standard", far from that. I think that you are very skilled and that your results are excellent. And I remember you said that you "struggle every day" (your words).

When we go along the journey of trading, I think that it is not useless to have some references about what we could see on the road.
Some people say that 5% of the traders become consistently profitable. But what does it mean in term of figures? How many % of capital per day in average? For which risks? Etc.
For some happy few, "sky is the limit". But what does it mean?

I do not want to launch a debate on your thread about the 95+5 or the "possible" profitability figure. I kindly ask futures.io (formerly BMT) members not to react to these aspects. Other threads exist for this purpose.

And, of course, it is not because trader A does this that trader B can reproduce it. Of course not. Everybody has his own way, and his own results.

But your thread shows what is possible for you. And I would say that having seen your success in $ so far has been very encouraging for me, and gave me some additional energy.

Second, I think that the people who think that talking about P&L is arrogant have not solved all their psychological issues towards money. It could be a problem for their trading. I do not pretend to have solved all mine, but one would first try to do it instead of criticizing other people's threads.

I would prefer that you change nothing. But, it is your journal: do as you want!
I will anyway read it with great pleasure.

Nicolas

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  #235 (permalink)
Hot Springs, Arkansas
 
Experience: Beginner
Platform: ninja
Broker: optimus
Trading: ES
 
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Posts: 30 since Feb 2012
Thanks: 234 given, 40 received

Hi IT7..

I for one am interested in your process you go through to get to the destination
you desire. And that, i think, is in the trades themselves...good or bad...why
or why not...satisfying or not.

As a newer trader, I am of the opinion that if I want to learn, then I need to
see how others do it, (Good or Bad) and in that, i like reading yours as well as all
the other traders who are nice enough to go through the hassle of putting yourself
out there to journal and then answer questions. I can see some examples of journallers
who are getting more stressed about comments on their thread than the actual trades
they are making. So please don't worry about us the readers, this is about your trading.

I can only speak for myself, but i'd say don't worry it. We can keep track of ticks either
+ or -. The journals i like are the ones that have been around awhile and you can see
where they win some and lose some and you can see their process.

I just hope your still in that catagory in a couple years buddy, because i gotta tell you,
seeing that revenge trading was painful. I know my conservative side is a little tight, but
I sure wish you'd work out a max drawdown into your trading, or set aside a chunk of your
profits to refund your account when another day like this happens and it doesn't work out
as well.

I don't mean to overstep my bounds, maybe you've already done this....and remember this
IS the pot calling the kettle black, as i have not made a rule yet that's been able to stop me

Just my 2 cents and keep up the good work
-Mike

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  #236 (permalink)
Waco TX.
 
Experience: Advanced
Platform: retired ...maybe
Trading: anything with the slightest edge..
 
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Posts: 239 since Jul 2011
Thanks: 327 given, 174 received

Its good to see a trader as candid about there trading as you are, you have one of the best journals here IMO. I wouldnt change a thing but thats up to you . I saw the chop this morning and decided to stay out of the market myself, was looking forward to seeing how you faired in those shark infested waters.


Quantismo

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  #237 (permalink)
detroit, mi
 
Experience: Beginner
Platform: TradeStation
Trading: SPY
 
Posts: 66 since Nov 2011
Thanks: 1,430 given, 71 received


indextrader7 View Post
After spending more time here at futures.io (formerly BMT), and seeing what other people say about being arrogant and making things about money, I don't think I should be posting any more P/L figures.

This is a trade journal and we'll make it about the entries, exits, and management of them, my mindset, fears, mistakes, and successes.

I think I've done a fair job so far in making the journal mainly about those things, but I really don't want people to think I'm arrogant or just trying to get followers on the journal for posting $ P/L. I just started doing it because ninjatrader made it easy, and one of the main themes of this journal is transparency.

Back to focusing on ticks P/L and posting from my excel sheet trade log.

Any comments on this issue are welcomed.


it7,

first of all thanks again for the journal...very generous of you to show your trading and most of all teach us!

regarding P/L I think there is a benefit in showing it as far as your activity being a real-life activity that many people including myself aspire to. bottom line is, p/l is all we aspire to and it makes this journal is more concrete rather than just for educational purpose trade and size management.

whatever you are comfortable with. it's all good.

thanks again,
tihfa

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  #238 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

What a moment today has been for me. My first time to ever break 100% return threshold. Thanks for all your support, comments, questions, critiques, and ideas. What a moment.



Slightly different % gain and drawdown than my current account (for May's return/drawdown), due to some changing around when I switched to ninjatrader in early May. This is my older spreadsheet with my initial account value as the starting point. Just in case someone noticed the slight difference.

Savor this today, back to work tomorrow.

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  #239 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


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  #240 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012



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