NexusFi: Find Your Edge


Home Menu

 





David_R's Trading Journey Journal (Pls comment)


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one David_R with 83 posts (124 thanks)
    2. looks_two Big Mike with 29 posts (49 thanks)
    3. looks_3 rassi with 14 posts (13 thanks)
    4. looks_4 benharrell with 5 posts (4 thanks)
      Best Posters
    1. looks_one Big Mike with 1.7 thanks per post
    2. looks_two David_R with 1.5 thanks per post
    3. looks_3 jagui with 1.4 thanks per post
    4. looks_4 rassi with 0.9 thanks per post
    1. trending_up 38,958 views
    2. thumb_up 227 thanks given
    3. group 23 followers
    1. forum 165 posts
    2. attach_file 74 attachments




 
Search this Thread

David_R's Trading Journey Journal (Pls comment)

  #131 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,175
Thanks Received: 101,539

David,

If you track your success rate on each target, then over time these stats will help to give you the confidence you need to trade your system to its best potential.

I'm working on a new spreadsheet (see Trading Metrics thread), and you could setup a per-target entry method so you could see stats and breakdowns on a per-target basis. Something to consider for your own spreadsheet.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Exit Strategy
NinjaTrader
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Build trailing stop for micro index(s)
Psychology and Money Management
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #132 (permalink)
 
David_R's Avatar
 David_R 
San Jose, Ca
Legendary Market Wizard
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
Posts: 1,582 since Nov 2009
Thanks Given: 2,335
Thanks Received: 2,524


Big Mike View Post
David,

If you track your success rate on each target, then over time these stats will help to give you the confidence you need to trade your system to its best potential.

I'm working on a new spreadsheet (see Trading Metrics thread), and you could setup a per-target entry method so you could see stats and breakdowns on a per-target basis. Something to consider for your own spreadsheet.

Mike


Thanks, Mike. That makes good sense. So when you say a per target entry would it be like a yes/no thing. Target 1 hit target 2 not hit or hit. If it gets hit more often then not I know to sit tight.

How about moving stops? What is a good way to determine stop adjustment and how much adjustment?

David

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #133 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,175
Thanks Received: 101,539



David_R View Post
Thanks, Mike. That makes good sense. So when you say a per target entry would it be like a yes/no thing. Target 1 hit target 2 not hit or hit. If it gets hit more often then not I know to sit tight.

How about moving stops? What is a good way to determine stop adjustment and how much adjustment?

David

On my spreadsheet there is a 'Method' column for entry. You can input as many methods as you want for the drop-down list. You could append "T1" and "T2" and "T3" for example, to indicate target 1/2/3.

Then in the spreadsheet overview section, you can breakout stats per method, so you could see the win percentage, profit, SQN, all the stats on the overview --- viewed on a per-target basis (per method).

As for stop, I track MAE per trade. So if my initial stop is far higher than the MAE average over a large sample, then my initial stop could be reduced conceivably.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #134 (permalink)
 
David_R's Avatar
 David_R 
San Jose, Ca
Legendary Market Wizard
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
Posts: 1,582 since Nov 2009
Thanks Given: 2,335
Thanks Received: 2,524

Morning is over. I am either done for the day or at least till the afternoon. I'm leaning towards done.

I am moving tomorrow so need to get going with the rest of packing etc. Unfortunately no internet until late next week, but that's okay.

Today an okay day, but the action in ES the first hour was a bit choppy. I missed a signal and had some conflicting signals. Probably best to wait, but I forced it a little and ended up with two small losers by closing the positions. Poor entries on my part and lack of patience is what go me.

I then took a look at CL. The fast and furious monster. A very nice clean setup presented itself with good confirmation and I don't just mean indicator wise. Price action had looked to confirm to me as well. I tool about 7 tics of heat, but in CL I guess that is not heat. Ended up with +10 on one and +39 on number 2. I admit that I did not want to give back profit and trailed number two tightly, but was targeting the swing high which was hit.

Grades:

ES Trades:
Patience: D
Psychology: C
Trade Management/execution: D
Following Plan: D

Overall: D

CL Trade:

Patience: B
Psychology: B- (It was a bit tense. this thing moves in an instant)
Trade management: A-
Following Plan: A

Overall: B

Attached Thumbnails
Click image for larger version

Name:	estrades082610-a.jpg
Views:	249
Size:	126.7 KB
ID:	19168   Click image for larger version

Name:	CLtrade082610-a.jpg
Views:	257
Size:	333.2 KB
ID:	19169  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #135 (permalink)
 
benharrell's Avatar
 benharrell 
Pittsburgh, Pa
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Zen-Fire
Trading: CL,ES,6E
Posts: 235 since Aug 2009
Thanks Given: 350
Thanks Received: 96

Hi David,

I've always liked volume when looking at price. What made you decide to use volume on CL? Furthermore, why did you choose the settings you have in place 1000 and 3000. Do you still trade on 500? Just curious more than anything. I continue to get your updates to this thread and enjoy hearing about your journey. All the best moving forward!

Thanks,
Ben

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #136 (permalink)
 
David_R's Avatar
 David_R 
San Jose, Ca
Legendary Market Wizard
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
Posts: 1,582 since Nov 2009
Thanks Given: 2,335
Thanks Received: 2,524


benharrell View Post
Hi David,

I've always liked volume when looking at price. What made you decide to use volume on CL? Furthermore, why did you choose the settings you have in place 1000 and 3000. Do you still trade on 500? Just curious more than anything. I continue to get your updates to this thread and enjoy hearing about your journey. All the best moving forward!

Thanks,
Ben

Hi Ben,

Thanks for stopping by.

I use tick and volume charts and look at minute charts too. I think they can show different things and set ups show up on some, but not others. Nothing really scientific about the settings. I've seen ZTR use something 1048 on CL as well as 2048 or something like that. I prefer the even number. I also didn't want anything too fast, but I will look at maybe a 300 volume sometimes. My method now is to have multiple time frame 3X apart, so I will use 1000, 3000 and 9000 volume charts as well as 300, 900 and 2700 tick charts. For some of the settings I got recommendations from the site efuturevision.com.

I hope everything is going well with trading and otherwise. I know you have a baby, so sleep when you can.

David

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #137 (permalink)
 
rassi's Avatar
 rassi 
the congo
 
Experience: Advanced
Platform: North sea oil rig
Trading: Cl
Posts: 927 since Jun 2009
Thanks Given: 1,563
Thanks Received: 1,199

great to see you strung a nice profitable week together david, first week back with the new system.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #138 (permalink)
 
David_R's Avatar
 David_R 
San Jose, Ca
Legendary Market Wizard
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
Posts: 1,582 since Nov 2009
Thanks Given: 2,335
Thanks Received: 2,524


rassi View Post
great to see you strung a nice profitable week together david, first week back with the new system.


Rassi,

Thanks, I appreciate it. I can't remember the last time I've had this many positive days in a row. It may be that I never have. I'm doing my best to stay very stoic about all of it because I know it can change in an instant. If I'm patient and allow good trades to come along and follow the rules I think I can be consistent.

David

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #139 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,175
Thanks Received: 101,539


David_R View Post
If I'm patient and allow good trades to come along and follow the rules I think I can be consistent.

I know you will!

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #140 (permalink)
 
David_R's Avatar
 David_R 
San Jose, Ca
Legendary Market Wizard
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
Posts: 1,582 since Nov 2009
Thanks Given: 2,335
Thanks Received: 2,524


No trades today, unfortunately. My house is sold and I was moving today. I won't have internet until late next week, but looking forward to picking up from where I left off.
had to do this from iPhone at starbucks. :-)
Good trading to all,

David

Visit my NexusFi Trade Journal Started this thread Reply With Quote




Last Updated on July 17, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts