Kevin's TST Combine Journal - Trading Journals | futures io social day trading
futures io futures trading


Kevin's TST Combine Journal
Updated: Views / Replies:52,747 / 460
Created: by kevinkdog Attachments:139

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 139  
 
Thread Tools Search this Thread
 

Kevin's TST Combine Journal

  #371 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received


kevinkdog View Post
Hi



Some of the things I have to do with a Combine, that I don't do with real money:

1. Small per contract per trade loss ($425 before slippage and commissions)

Why are you limiting yourself in this manner? Increase your stop size per contract and decrease your position size. It's a percentage of capital at risk that should matter. Doesn't it come back to risk reward per trade?

Quoting 
2. Daily loss limit

Do you not have a daily loss limit trading your own account? How do you handle multiple losses on the same day?

Quoting 
3. Trade 1 strategy almost entirely because it has a high win percentage (in order to meet the Combine win % goal)

. Trading a strategy that has small wins and big losses will probably get you in trouble considering the size you want to trade. Are you risking more than your calculated reward to show more wins than losses?

Quoting 
4. Trade another strategy in order to ensure I have 20 trading days in a 2 month Combine

I would think you'd have to have a minimum of 2 strategies even in your own account. 1 for trends and 1 for chop.

Quoting 
5. Position sizing based on a very small initial equity drawdown (ruin point).

Consider that this is set up to take other peoples money. Were it your money I was trading where would you draw the line. Isn't the first rule of trading to cut your losses short?


Quoting 
The list could go on, but you get the idea.

I guess the point is that you have to trade to the rules of the "game" whether the game is a Combine, trading your own money, trading in a contest, trading friends and family accounts, etc. All of those "games" will have different rules, and the key is to trade so that you don't fail any of them.

The thing with the combine if I understand correctly is that you don't fail as long s you are profitable. You don't pass but you are still in the game.

Reply With Quote
 
  #372 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received


kevinkdog View Post
I tried to implement your idea the best I could. Here are results:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



Your scheme does a really good job at avoiding ruin, but not so good a job at passing the combine.

So, I made one modification - I kept your downside scheme, but made the upside scheme such that once I had positive equity (>150K), I "floored it" and put on 6 contracts.

Here are those results. Not a whole lot different than what I am using (Cut Size 6 to 1). "Deaddog Modified" has better chance of not failing, but worse chance of passing.:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Thanks for the work. I guess I won't be applying for a combine anytime soon.
Firstly I'd have to master trading futures and secondly I'll wait until winter when I don't mind sitting inside all day. Might be an interesting way to test a strategy.

Reply With Quote
 
  #373 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,388 since Jul 2012
Thanks: 1,139 given, 4,387 received
Forum Reputation: Legendary



deaddog View Post
Thanks for the work. I guess I won't be applying for a combine anytime soon.
Firstly I'd have to master trading futures and secondly I'll wait until winter when I don't mind sitting inside all day. Might be an interesting way to test a strategy.

Good luck if you decide to try it. I'm guessing you'd do pretty well.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
 
  #374 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,388 since Jul 2012
Thanks: 1,139 given, 4,387 received
Forum Reputation: Legendary


deaddog View Post
Why are you limiting yourself in this manner? Increase your stop size per contract and decrease your position size. It's a percentage of capital at risk that should matter. Doesn't it come back to risk reward per trade?
Do you not have a daily loss limit trading your own account? How do you handle multiple losses on the same day?
. Trading a strategy that has small wins and big losses will probably get you in trouble considering the size you want to trade. Are you risking more than your calculated reward to show more wins than losses?

I would think you'd have to have a minimum of 2 strategies even in your own account. 1 for trends and 1 for chop.

Consider that this is set up to take other peoples money. Were it your money I was trading where would you draw the line. Isn't the first rule of trading to cut your losses short?


The thing with the combine if I understand correctly is that you don't fail as long s you are profitable. You don't pass but you are still in the game.


The short answer to your replies is that most of these things occurred because I created a brand new trading system specifically for the $30K Combine, which I am still using here, just with position sizing.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
 
  #375 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received


kevinkdog View Post
The short answer to your replies is that most of these things occurred because I created a brand new trading system specifically for the $30K Combine, which I am still using here, just with position sizing.

What makes you think those strategies will work on a 150K combine when they only had a less than 50% probability of working on a 30K combine?

With a 20 day 30K you are only required to make 7% of initial capital. With a 20 day 150K you are required to make 11% of initial capital. The requirements are 50% higher for the 150K.

The max drawdown is 5% of the initial capital for 30K and 3% on initial capital for 150K. Again the requirements for the 150K are much greater.

Reply With Quote
 
  #376 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,388 since Jul 2012
Thanks: 1,139 given, 4,387 received
Forum Reputation: Legendary


deaddog View Post
What makes you think those strategies will work on a 150K combine when they only had a less than 50% probability of working on a 30K combine?

With a 20 day 30K you are only required to make 7% of initial capital. With a 20 day 150K you are required to make 11% of initial capital. The requirements are 50% higher for the 150K.

The max drawdown is 5% of the initial capital for 30K and 3% on initial capital for 150K. Again the requirements for the 150K are much greater.


Position sizing possibly, and the addition of a 4th strategy to the mix. Neither has been helpful to this point, though.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
 
  #377 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,388 since Jul 2012
Thanks: 1,139 given, 4,387 received
Forum Reputation: Legendary

Combine Day 9

2 losing trades today, courtesy of strategy #4.

I shall try again tomorrow, with reduced size...

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
The following 4 users say Thank You to kevinkdog for this post:
 
  #378 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,388 since Jul 2012
Thanks: 1,139 given, 4,387 received
Forum Reputation: Legendary

Combine Day 10

One trade from strategy #4 today. Pretty boring day, which I suspect will be true the rest of the week, too.

Next trade will be 4 contracts, possibly 6 if it is a strategy #4 trade (and the risk is low enough).

Counting vacation days and holidays, I have a maximum of 27 more days to trade in the Combine.


Long way to go to get close to passing!

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).




Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
The following 3 users say Thank You to kevinkdog for this post:
 
  #379 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,388 since Jul 2012
Thanks: 1,139 given, 4,387 received
Forum Reputation: Legendary

Combine Day 11

3 or 4 trades, 2 mistakes made which kind of balanced each other out. But overall another losing day...


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



I apologize for this thread turning into more of a joke ("like you'll ever pass this Combine! Ha Ha Ha!") than an inspirational journey to Combine victory...

BUT, there are still plenty of days left, and you never know what might happen!


Happy 4th of July everyone!


If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
The following 6 users say Thank You to kevinkdog for this post:
 
  #380 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received



kevinkdog View Post
3 or 4 trades, 2 mistakes made which kind of balanced each other out. But overall another losing day...

I apologize for this thread turning into more of a joke ("like you'll ever pass this Combine! Ha Ha Ha!") than an inspirational journey to Combine victory...

BUT, there are still plenty of days left, and you never know what might happen!


Happy 4th of July everyone!


Hey, it is no joke.

Here is the fact: in order to be a good trader, you have to be great at losing!

Even if you do fail this combine the thread is still full of extremely valuable information. And thanks to the research and number crunching you've done, you already knew your chances were less than a "sure thing" to pass the combine.

So I don't want you to get discouraged. First, you are helping many others by showing them "the other side" of algorithmic trading. And I don't mean the losing side at all --- what I mean is the research and analysis side that is outside and completely disparate from any kind of code to buy and sell. This is the side that so often is completely disregarded by most algo traders, and frankly the side that makes all the difference in my opinion.

So keep going, don't get discouraged, and good luck!

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 5 users say Thank You to Big Mike for this post:

Reply



futures io > > > Kevin's TST Combine Journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Yiehom's TST combine yiehom Elite Trading Journals 37 August 6th, 2017 01:16 PM
TST Combine Journal indextrader7 Trading Journals 556 August 28th, 2014 01:16 AM
Josh's TST Combine Journal josh Elite Trading Journals 106 April 9th, 2013 10:36 PM
Poc's Trading Journal, TST combine Pocwave Elite Trading Journals 4 March 4th, 2013 09:58 AM
Surly's TST Combine Surly Elite Trading Journals 144 February 16th, 2013 03:33 AM


All times are GMT -4. The time now is 06:31 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts
Page generated 2017-12-15 in 0.15 seconds with 20 queries on phoenix via your IP 107.20.115.174