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Kingpin Journal


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Kingpin Journal

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  #1 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011

Hi there

This is my first attempt at a Journal.

A little info on my trading method :

My strategy is based around all the mental mistakes I have made through this trading experience .

Trading is not black and white , its grey . Everything is about balance , a thing one will learn over years.

Here is a rough (draft?) of my lessons learned . ( do remember the points made here are not black and white.)


1. Having one simple moving average with a method to buy above and sell below , has been one of the most profitable and most difficult tasks to master.

2. "Thinking" in the trading arena or outside of the trading arena , has cost me the most money.

3. Using time as a method for controlling mental garbage has proven to be the most effective for me . Balancing it made a dramatic increase in profits.

4. Having too many rules made me lose my trading instinct. Having no rules made me overthink everything .

5. Short trades and long trades are definitely not the same! Shorting environment and buying environment behave very different . Took me a long time to grasp that

From natures side im probably one of the worst traders . I tend to become very arrogant in my decision making , I overtrade alot and im insanely impatient.
So dont lose hope !

I will keep posts of statement/charts etc coming in the next week

THanks

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  #3 (permalink)
 Big Mike 
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Congrats on starting your journal.

Mike

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  #4 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011

Thanks mike .

Been training over the weekend with trading . Its a thing i have been doing the last 3 years .

Some good lessons comes from it . I do it with friends over Team Viewer .

Today was the usual lessons : Think less act more Never get scared , stay very confident and humble.

You really have to be a bulldog to do this business. No room for weak mentality

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  #5 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011



This morning YM

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  #6 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011

Monday into close


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  #7 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011

Hard morning - had 2 failed attemps with a -3 and -4 point in YM

Finaly in end got it right +15 + 19 + 28


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  #8 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011

Hi i will be posting last days trades in some hours - still in the trade

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  #9 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011

Statement from tuesday - had 1 contract running overnight in YM and ES

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  #10 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011


By the way im looking for active trading friends i prefer people from Europe , but you are from US and trade EU hours aswell its cool.

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  #11 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011


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  #12 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011






some Dax trades on my private account .

still holding two thirds.

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  #13 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011



still holding last third



week so far . dont have much time for it

will try to get more trades done on private account . If people following want older trades shown let me know

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  #14 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011




fullview

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  #15 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011




hedge got worse so ended giving it up .

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  #16 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011





just messy day.. should have stayed out .

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  #17 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011

I dont like writing too much , I like to keep it simple with just charts and stats but now I have a little time on my hands ill write about how you die quick in trading .


There are the obvious ones which I wont go over . The main one is the sensitivity level to market impact.

Many traders have a really poor understanding of how to minimize the sensitivity to market impact. This is a thing professionals spend ALOT of time on.

Will try to keep this updated when I have time .

Trading with small stops -

The problem : Very easy to wriggle out of the market . Make your sensitivity to change INSANELY big. There is a downstream of shitty feelings from constantly losing . You have to be very focused and quick . Usually only a good idea at extreme undercuts , which most of the time is where you want to accumulate stock and hold .

The "Solution" : Give yourself more time by cutting down size and increasing stops . This will slow down market impact alot .

obviously there is alot more .. and i will write when i have time

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  #18 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011



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  #19 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011


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  #20 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011

Im trading replay in weekend .

join on # Please pass on your ID 964*785*265 and your Password 2852

teamviewer 6

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  #21 (permalink)
 Devil Man 
Legendary Capt. Johnny Jameson
Fort Lauderdale
 
Experience: None
Platform: Optimus Flow, NT8. TS
Broker: CQG, Rithmic
Trading: ES
 
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Posts: 811 since Oct 2009
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@Kingpin just curious about your methodology... are you mainly trading price action s&r levels?

anyway great journal keep it up!

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  #22 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011


Devil Man View Post
@Kingpin just curious about your methodology... are you mainly trading price action s&r levels?

anyway great journal keep it up!

strictly price action / tape read

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  #23 (permalink)
 Kingpin 
copenhagen denmark
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
 
Posts: 41 since Aug 2011







Trades were done separately from the chart.. but it was one short and one long not more. rest is analysis.. it usually takes a long time for me to trade if I do not have protection

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