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Kevin's TST Combine Journal


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Kevin's TST Combine Journal

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  #421 (permalink)
Legendary Market Wizard
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As to why 10 contracts, and not 15, since I was "going for broke..."

The daily loss limit is calculated intratrade (I think), but max drawdown is on closed trades. So, going to 15 instead of 10 would give me less wiggle room during the trade. With 10, I could have taken 24 ticks of heat, but with 15 contracts, I could only take 16 ticks of heat.

As it turned out, I did not come close to either.


Again, I am doing some things in this Combine because of the Combine rules. I don't recommend going for broke in the real world!

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  #422 (permalink)
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  #423 (permalink)
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Nice comeback Kevin



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  #424 (permalink)
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Size today?

And plans for tomorrow?

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  #425 (permalink)
phl pa. usa
 
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Hi Kevin- seems we are both chasing the same answer- i have found when trading a certain pattern ,taking every move ,on a 50 k account 1 contract will keep you above water all the time ,while 3 balanced on a 150k accounts will make you survive till the end , also the way it is setup thus far i am curious to see results taking only 2 tick profit per trade but feel it will hamper results for trade duration , I feel you on on your way ,with as balanced a system as i have seen you trade thus far , well done,but please try the 3 basis,

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
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  #426 (permalink)
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Big Mike View Post
Size today?

And plans for tomorrow?

Mike


4 contracts in 1 trade today. 4-6 tomorrow likely. At this point, I am aiming to get positive, and then probably put this Combine out of its misery...

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kevinkdog View Post
4 contracts in 1 trade today. 4-6 tomorrow likely. At this point, I am aiming to get positive, and then probably put this Combine out of its misery...

Thoughts on a third combine?

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  #428 (permalink)
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creekboy View Post
Hi Kevin- seems we are both chasing the same answer- i have found when trading a certain pattern ,taking every move ,on a 50 k account 1 contract will keep you above water all the time ,while 3 balanced on a 150k accounts will make you survive till the end , also the way it is setup thus far i am curious to see results taking only 2 tick profit per trade but feel it will hamper results for trade duration , I feel you on on your way ,with as balanced a system as i have seen you trade thus far , well done,but please try the 3 basis,

Not sure I understand. If you mean "trade 3 contracts all the time" I could easily do that, but I'd have zero chance of passing the Combine. I probably would not fail the Combine either, though.

Below is the chart for 1 contract performance for strategies 1, 2, and 3. Not enough to pass a Combine, but pretty good nonetheless...




I should point out that this chart shows ideal performance for Combine #1 performance in April-May, performance between Combine 1 and 2 (mid May to mid June, tracked only by me), and Combine 2 (mid June to present). It does NOT show actual Combine performance. This is the performance I'd expect, though, if I traded automated and live with 1 contract.

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  #429 (permalink)
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Big Mike View Post
Thoughts on a third combine?

Mike

Undecided, probably because I still have to qualify for a rollover first, before that becomes an option...

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  #430 (permalink)
phl pa. usa
 
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i find pattern trading ,say on a 20 day ,3500 target ,you need 2 serious running days to cover all the flat or 300 dollar loss days,other than that 175 per day average is quite do able for 1 lot trading,its the target time that captures my interest , say you take a 2 lot trade at every setup for 2 ticks ,most times your trade can be over quite fast,and only a 50 dollar profit ,where as the loss would always be greater than the gain unless edge trading ,which at that point you might as well play runners,

but if you captured 20 -- 2 tick trades ,your gain of 500 gross puts you well above the curve ,but you trade duration time would suffer as you winners have to time out better than your losing trades-

so here is my dilema - flip pattern runners for 20 days straight or 2 tick every turn and take the fast nickle-

1 thing i am trying to do at this point is to use the mindset of a 18 yearold kid with a minimum wage job ,and take what is given me , but i can tell you ,its been 4 tough days mentally setting up my mind for it,

looking forward to your segment on friday as its always a good listen ,keep up the great effort

oh and i am keeping a max loss personally at 400 for any given day,as sometimes 1 timing is just not right on certain days-

here is a funny thing , i have found that tuesdays are my worst performance days and I know why -after all this time - tuesday is when our trash collection is done and every dang tuesday morning i have to clean up the mess they leave in the street when loading the truck,i just cracked this this week and laughed so hard that something so simple can trip up 1's day -they wont get me again

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
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