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Beth's Journey to Make Her Millions
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Beth's Journey to Make Her Millions

  #1 (permalink)
Cambridge, Ontario
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,201 received

Beth's Journey to Make Her Millions


Thanks for visiting my thread!

I sim-traded 2 amazing systems (created by The Wizard of the Holy Grail thread) in January. All trading mornings were green.

I was quite aggressive trying to monitor 2 instruments (ES and YM) for the first 2 weeks. Then realized it's too challenging for a newbie (me) to focus on 8 charts! I switched gear and only sim-traded YM for the last week of January. I made $1,110.00 and often traded only an hour in the morning (mostly 2-3 contracts per trade and had a few runners).

It's a big boost to me and I started doing real trades last week ("thinking" February would be a great start for my Successful trading profession). The first 2 mornings were green and started Wednesday I turned to be a different trader. "Completely out-of-control" fit me like a T! I still cannot figure out why. In short, I ignored the trend and signals. Let a trade go south south south and was extremely lost!

I now can understand how one could easily blow up an account within minutes. Good news for me: My Futures account is still intact and with some bruises of course.

After some inner searching, I've decided to resume sim-trading this coming week. I will only trade with the trend and follow the system rules (incl an exit strategy) diligently. I will also adjust the charts to 6-tick ones (from 4) until I am more competent in managing my trades.

You will laugh at me: I have all the trading rules posted on the trading monitors (nicely displayed with our favorite photos). Yet I chose to ignore them and the great indicators in front of me last week (esp Thursday and Friday). No more stupidity!

I will share my log in this thread. Thanks to Big Mike for this opportunity!

Happy & Successful Trading everyone!


Attached Thumbnails
Beth's Journey to Make Her Millions-wizardsden.jpg   Beth's Journey to Make Her Millions-wizard-scalp.jpg  
  #2 (permalink)
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  #3 (permalink)
Trading Experience: Advanced
Platform: Market Delta
Broker/Data: Velocity /TT
Favorite Futures: ES
benbrooke's Avatar
Posts: 430 since Aug 2009
Thanks: 216 given, 490 received

Congratulation on your new thread!

i am excited to see how this system will work for you!! (Make Millions )

i think its a good practice to post your trading plan too.

Happy Trading


Keep on sowing your seed, for you never know which will grow -- perhaps it all will.

-- Albert Einstein
The following 3 users say Thank You to benbrooke for this post:
  #4 (permalink)
Trading Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Guitar :)
Posts: 15 since Jan 2010
Thanks: 3 given, 1 received


  #5 (permalink)
Cambridge, Ontario
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,201 received

My Daily Game Plan

Thanks to Ben. Here it comes my daily game plan for YM:

Want Only What the Market Wants
Trade with the TREND
Only High Probability Trades (SOH and wait patiently for the signal!)
Preserve Precious Capital

- Always check the daily news announcement
- Do not trade when there's news
- Identify the trend (eg Up, Down, Choppy, Mixed, Sideway)

Main Trading Systems:
- The Wizard's Scalping (Primary for quick trades)
- The Wizard's Den (Stay with the main trend + having the last contract as a potential runner)

Position Size: 2-3 contracts per trade

Profit Targets:
- Initial target of 6 ticks
- Second/Last target for the potential runner: The Wizard's Den set-up will keep me in a trade longer. Exit trade when there's a warning (from one or more of the indicators) + more cautious when it's close to a major Support/Resistance level

Money Management (StopLoss):
- Initial MM: 1 tick above or below the blue or red ADX dot (on the Scalping system) - very often less than 15 ticks
- Adjust it when the trade is working
- Will not let a winner become a loser (it's my goal anyway)

Trading Hours: Between 9:30 am and 11:30 am
(Best Trading Hours: 9:43 am | 10:14 am | 10:32 am | 11:00 am | 11:34 am)

~ Good Trading is About Trading Right!! ~

Happy & Successful Trading!


The following 8 users say Thank You to wgreenie for this post:
  #6 (permalink)
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: CL , 6E
Posts: 200 since Jun 2009
Thanks: 759 given, 269 received

Good luck in your journey Beth , never ignore your rules no matter what and you will do just great !

"Risk more than others think safe.
Dream more than others think practical.
Expect more than others think possible.
Care more than others think wise"
The following user says Thank You to soumi71 for this post:
  #7 (permalink)
San Jose, Ca
Trading Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
David_R's Avatar
Posts: 1,514 since Nov 2009
Thanks: 2,279 given, 2,387 received


I was wondering how you are determining the trend? Is it based on the chart time frame you are trading or a higher time frame?

This is an amazing business and its down right scary how it brings out all our demons and wacky behavior. I was going to post my rules on my monitors too. One of the things I'm going to post on my monitor is a card that says "follow your rules".

Good Luck


The following user says Thank You to David_R for this post:
  #8 (permalink)
Sydney - Australia
Trading Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Velocity Futures
Favorite Futures: ES, 6E
Alan's Avatar
Posts: 155 since Jun 2009
Thanks: 1,441 given, 142 received

Good luck Beth. Just remember - take small steps, one a time, and before you know it, you'll be on your way.

Good trading.

The following user says Thank You to Alan for this post:
  #9 (permalink)
Cambridge, Ontario
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,201 received

My 8 Feb 2010 (Mon) Trade Log (Sim $245 after commission)

Hi Everyone

My trillion thanks for your kind encouragement and guidance.

Enclosed are my sim trade results with a crispy recap.

I was quite aggressive at the beginning, ie trying to trade with both 4- and 6-tick charts (ie 4 charts for 2 systems). Good that I realized this oversight and focussed on 2 within minutes.

The Scalp set-up is the main system I'm using for some quick trades. The Trend set-up helps me identify the overall trend + let the 2nd contract run. Neutral (on red/blue background) and white dots = undecided/choppy market and I will wait patiently.

I'm happy with today's sim-trading. To trade live, I will trade when the market opens and not before 9:30 am.

Happy & Successful Trading!


Attached Thumbnails
Beth's Journey to Make Her Millions-ym-03-10-2_8_2010-medianrenko-6-ticks-trend.jpg   Beth's Journey to Make Her Millions-ym-03-10-2_8_2010-medianrenko-6-ticks-.jpg   Beth's Journey to Make Her Millions-account-performance-feb-8-2010.jpg   Beth's Journey to Make Her Millions-trade-log-feb-8-2010.jpg  
The following 7 users say Thank You to wgreenie for this post:
  #10 (permalink)
Cambridge, Ontario
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,201 received

Tip Cards


Enclosed are my system rules and exit strategy + a Cute Poster reminding me to be a Disciplined and Focussed Trader LOL!

Happy & Successful Trading!


Attached Thumbnails
Beth's Journey to Make Her Millions-tips.jpg   Beth's Journey to Make Her Millions-focus.jpg  

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