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Short term TF trading
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Short term TF trading

  #401 (permalink)
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michalmalec View Post
Hello Indextrader7

Thanks for your thread, it's very good. I am new to this forum.

Thanks for yesterday report. you are very honest. We all can learn from it. Especially part 3 video.

I am not somebody who can give you any advice about trading, because i am not so good as you are, but
stay positive and learn from it, in the end it's only 2 600 $, that's not bad for such a lesson.
Think about it as an education. Maybe you can print that last trade and put it above your computer to
remind you to stick with your rules and plan. I have experienced similar thing in my very short trading history


I do have a technical question, if you don't mind to answer?

I did read whole thread and i quite like it, i started to experiment with tick charts this week, just watching them,
not trading from them yet, but i do have a following problem.
I use CQG data, but when i open a tick chart (200 tick) at the start of the session and when i reload that same chart in the end of the session, bars look a little bit different, It is usually good for first two trading hours and then it starts to change a bit, it seems that i am loosing ticks somewhere or i don't know.
I use CQG data and ninjatrader. It looks, that charts in realtime look different from a backfill for the same session, this happens especially when the market is volatile. Can you help me with this, what am i doing wrong?
bad data provider? lag in internet connection? or? What data provider do you use?
Thanks for answer. Hope you don't mind.

Thanks againg for everything and sorry for my english, i am not a native speaker so it's very simple.

Good luck and stay disciplined

Hello, thank you for the tip about putting a picture of the trade up, I think that's a good idea.

I can't help you with your ticks/data problem. I haven't ever experienced anything like that. I use Mirus/Zenfire.

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  #402 (permalink)
Trading for Fun
danville ca usa
 
Futures Experience: Advanced
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Favorite Futures: currency and index futures, grains, bonds, oil, gas, metals
 
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michalmalec View Post
Hello Indextrader7

Thanks for your thread, it's very good. I am new to this forum.

Thanks for yesterday report. you are very honest. We all can learn from it. Especially part 3 video.

I am not somebody who can give you any advice about trading, because i am not so good as you are, but
stay positive and learn from it, in the end it's only 2 600 $, that's not bad for such a lesson.
Think about it as an education. Maybe you can print that last trade and put it above your computer to
remind you to stick with your rules and plan. I have experienced similar thing in my very short trading history


I do have a technical question, if you don't mind to answer?

I did read whole thread and i quite like it, i started to experiment with tick charts this week, just watching them,
not trading from them yet, but i do have a following problem.
I use CQG data, but when i open a tick chart (200 tick) at the start of the session and when i reload that same chart in the end of the session, bars look a little bit different, It is usually good for first two trading hours and then it starts to change a bit, it seems that i am loosing ticks somewhere or i don't know.
I use CQG data and ninjatrader. It looks, that charts in realtime look different from a backfill for the same session, this happens especially when the market is volatile. Can you help me with this, what am i doing wrong?
bad data provider? lag in internet connection? or? What data provider do you use?
Thanks for answer. Hope you don't mind.

Thanks againg for everything and sorry for my english, i am not a native speaker so it's very simple.

Good luck and stay disciplined



michalmalec... tick charts are started using trades that make up the first tick bar that you see on a chart. When you reload, depending on the software you use, the starting tick bar can use different trades and make all the tick bars after the initial bar look somewhat different.

cheers

toucan

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  #403 (permalink)
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One thing I'd like to say is, yes this is a learning experience (talking about the huge loser I allowed yesterday), but at the same time, it's not like I'm a new trader and learn a lesson from doing this like... "Oh, what a great lesson, I won't do that again." The problem is that I'm not a new trader... I've done this a dozen or more times before, and "learned" this lesson many painful times before...but haven't done it in years. This, for me, is not a "lesson learned". For this to creep back into my trading is not comforting.

Also, it's not about the money lost. $2,600 is a drop in the bucket for my profits since Feb.

IT'S THE PRINCIPLE OF SUCH A MAJOR BASIC TRADING RULE VIOLATION that has me upset.

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  #404 (permalink)
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London, UK
 
Futures Experience: Beginner
Platform: NT7, TWS
Broker/Data: IB, CQG data
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Thanks: 4 given, 0 received


indextrader7 View Post
Hello, thank you for the tip about putting a picture of the trade up, I think that's a good idea.

I can't help you with your ticks/data problem. I haven't ever experienced anything like that. I use Mirus/Zenfire.


Hi, thanks for answer, i can try zenfire/mirus demo to check zenfire data feed and compare them.

One more thing:

Did your read : Enhancing trader performance, proven strategies from the cutting edge of trading psychology from Brett Steenbarger

I know you are very experienced trader, that book is a little bit about how to become a professional trader, but mentally.
I am sure you know that book.

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  #405 (permalink)
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michalmalec View Post
Hi, thanks for answer, i can try zenfire/mirus demo to check zenfire data feed and compare them.

One more thing:

Did your read : Enhancing trader performance, proven strategies from the cutting edge of trading psychology from Brett Steenbarger

I know you are very experienced trader, that book is a little bit about how to become a professional trader, but mentally.
I am sure you know that book.

Thanks for the kind words, but at the moment I feel like I need to read "Idiots guide to daytrading", ... ah I'm just Ill at the moment. No I haven't heard of that book, I'll definitely look into it. Thank you.

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  #406 (permalink)
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Trading Rule Violation


indextrader7 View Post

Also, it's not about the money lost. $2,600 is a drop in the bucket for my profits since Feb.

IT'S THE PRINCIPLE OF SUCH A MAJOR BASIC TRADING RULE VIOLATION that has me upset.

IT7,

Another golden thought.

Was the rule violation not using a stop or moving the stop away from the target when trade went bad? I take it you moved your stop since it looks like you use OCO orders.


Thanks for your transparency. Takes guts to own up to trading mistakes....

Wolf

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  #407 (permalink)
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Traderwolf View Post
IT7,

Another golden thought.

Was the rule violation not using a stop or moving the stop away from the target when trade went bad? I take it you moved your stop since it looks like you use OCO orders.


Thanks for your transparency. Takes guts to own up to trading mistakes....

Wolf

I had a proper stop in place, and just canceled the order. I just watched the market go and go, cursing the whole time, "knowing" that it would turn around at any moment.

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  #408 (permalink)
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indextrader7 View Post
Thanks for the kind words, but at the moment I feel like I need to read "Idiots guide to daytrading", ... ah I'm just Ill at the moment. No I haven't heard of that book, I'll definitely look into it. Thank you.

No you don't need to read any idiots guide to daytrading, you are good, only one mistake upset you, dont feel frustrated.

Actually, i think BigMike can recommend him, Steenbarger is psychologist, psychiatrist, as we look at the charts, price action or orderflow and look for the patterns, he looks for the behavioral patterns and try to solve them. Everyone have some behavioral patterns.

He is a trader too, and he helps professional traders to overcome their problems in trading.

Check this video to see what is he like:

skip first 2 minutes,
youtube.com/watch?v=jKF3G3RYxXE&feature=plcp

his old web
brettsteenbarger.com/articles.htm

and a blog
traderfeed.blogspot.co.uk/

I think he wrote 3 books, wiley published them, i have a another one which is called "Your daily Trading coach" too, I liked both of them and often read them again and again, i like psychology.

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  #409 (permalink)
Membership Temporarily Revoked
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Performance/Stats

Flat on the day today pretty much. I worked my way back making some good trades (only trading 1 contract), and then had a 37 tick loser to end the day and wipe out all profits.

Here's my stats as of end of day today 6-13-12.

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  #410 (permalink)
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birmingham, al
 
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I appreciate your candor and analysis in the videos. Wont offer any sage advice, but will say it happens/has happened to all of us. Great spot here to learn and move on.

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