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Short term TF trading

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Short term TF trading

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  #781 (permalink)
Herkimer NY US
Experience: Intermediate
Platform: NT7, CQG
Broker: NT
Trading: ES CL YM
Posts: 59 since Jan 2013
Thanks: 10 given, 51 received

Just read your post, sorry to hear what happen. I like to share this with you, I trade the ES and I only go for 8 ticks a day. I donít go for home runs but Iím building my account. I started from a very small amount and Iím doing 3 contracts now and making any wheres from 200 to 270 a day and looking to do 4 contracts per trade soon. And thatís only 8 ticks a day and I shut the trading computer off. Now people want me to trade for them now and I wonít do it, I donít need them and Iím focusing only on my goals, the next goal is trading 10 contracts on es. I started with 1 contract with 8 ticks a day. Some time it was 50 a day, but watch how fast it grows. Do not despise small beginning. You will be amaze how well you trade without all the pressure

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  #782 (permalink)
desert CA
Experience: Intermediate
Platform: NT7, TOS, CQG-trader
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
Posts: 2,130 since Jul 2011
Thanks: 2,372 given, 1,710 received

Sorry to hear what happened. I think it stinks your ex-partner would actively approach former clients into leaving the fund. I would assume the clients can see the performance of your fund at anytime so they could make their own choice? Your fund sounded like it had a decent size ( > 100k ). Maybe having other trading methods to diversify when one method didn't work out well can help. I had noticed your trading was very short term and similar to YTC Scalper. I had a stint with YTC Scalper and finally chucked the whole YTC methodology (PAT & Scalper) away after my own severe drawdowns. I don't believe the YTC guy trades for real now. It got me into the bad habit of averaging down positions as I was new to it. I'm similar to the previous post now. 10-20 ticks on CL or YM/NQ early morning hours then I quit. I also do a few options spreads on another account. Your fund size sounded like it could have done a few options positions too. This guy has some free videos although he charges hefty for everything else. Free Options Trading Videos ; Good luck.

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

Hello all. I have decided to go for a TST Combine.

I've started a new thread for the combine

Anyone that wants to follow along is welcome to come. I won't be abandoning this thread, only temporarily. When the combine is through I'll move my posts back over here.

For now though, my focus will be on the combine thread.

Happy Trading,


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  #784 (permalink)
Orlando, Florida, USA
Posts: 34 since Oct 2010
Thanks: 3 given, 96 received

Merrick, the problem with a carrot / stick business model is that the one holding the stick always makes the rules least advantageous to you and always wins while you're always at risk of starving. Don't depend upon others in this biz. If you've got $25K of your own cash to trade the CL, then stay with 1-2 contract orders and shoot for $400 - $600 a day average.

Your only major fault to date has been hubris (an excess of ambition). A successful at-home trader is indentured to NO ONE.

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

@Big Mike

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

I watched a webinar by FT71 today, and thought his use of this info was a great idea. I especially liked the way it was formatted. So I created something in excel to pull from ninja and do the same thing for my trades... Here's all the TF trades I've taken since 2-4 (last one was 2-11)

This was only trading one contract for every trade, so my results are not as good as they can be with a scale out MM system. The only think I can look at and say I'm pleased with here is the tight, consistent risk mgmt.

Thought I'd share... pretty easy to create, and pretty useful tool.

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  #787 (permalink)
San Jose, CA
Experience: Beginner
Platform: NinjaTrader
Trading: NQ
PushHands's Avatar
Posts: 53 since Mar 2011
Thanks: 782 given, 33 received

Very informative tool. If you ever share it, please let us know. :thumb

And I'm looking forward to following your combine thread; wishing you the best!

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

PushHands View Post
Very informative tool. If you ever share it, please let us know. :thumb

And I'm looking forward to following your combine thread; wishing you the best!


Here's a shot of the spreadsheet itself. The block of info on the left is exported from ninja trade list. Really the only info you need is MAE, MFE, and P/L for your trades.


In order to make this graphically accurate, I had to make adjusted MAE and MFE values. If you just plot the P/L, MAE, and MFE as they are, the MAE looks too low if you had a losing trade and the MFE looks too high if you had a winning trade. I hope that makes sense.

The formula for the adjusted MAE:

The formula for the adjusted MFE:

That's really the only formulas that were more advanced. I figure it's self explanatory how to figure cumulative gross and net P/L!

If you want to chart to look nice and pretty and have the zero axes line up for both y axes.... then simply adjust the scales on each so that the max and min are of equal proportion.

Let me know if you need any more help. I think I covered it, but could have left something out!

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

I posted this in my combine journal, but I wanted to post here for people that have been a big part of this thread over the past year.

I'm broadcasting my trading live tomorrow.

I was having a conversation with a non-trading friend, and explaining them things about my journals here on (formerly BMT) and such, and they got me thinking about how helpful it could be for someone to see me trade, and hear me talk out my thought process live.

Join me as I continue to sim trade CL and prep for the combine. I'll be starting at 7am CST.

I think you may have to click on the audio button once logged in in order to hear me. I'll have your end muted, but feel free to chat if you like.

Here's the link!

Could be fun!

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

I hope some of you were on the webcast this morning. It was such a great session to show real, difficult trading.

I have the recorded webcast on my blog at Trading with indextrader7

The cool thing about it is the fact that you don't have to wade through the long periods of no action. (unless you're a new trader, then I recommend it). If you want to just see the trades, click the "next" button at the bottom, and you'll be taken to the start of the next trade.

I'm going to need a new way to let people know when these things are happening, because right now I'm having to repeat posts in a few different areas.


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