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Trading fast markets
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Trading fast markets

  #901 (permalink)
Market Wizard
Hungary
 
Futures Experience: Intermediate
Platform: Sierra Chart
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xelaar View Post
I will also introduce some punishments for not following the rules. Like having to run 10 miles no matter how shitty the weather is. And no eating any sweets for a week.

What has been working for me is that I only allow myself to watch the market for a day if I violate my rules for two consecutive days. That is a serious punishment sitting there but not having the ability to fire.

“Happiness is the meaning and the purpose of life, the whole aim and end of human existence.” Δ
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  #902 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
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Mtype View Post
What has been working for me is that I only allow myself to watch the market for a day if I violate my rules for two consecutive days. That is a serious punishment sitting there but not having the ability to fire.

Makes a good sense, but depends on the style of your trading. I have realized my monthly target can be made by 3 good days per month. That's it. Most of the days are more or less threading water. Big days come from big moves. You can't squeeze 100 ticks out of 60 ticks range, this is plain silly or you must be a god-like trader. But you can get 40-50 out of 100 tick move for sure. With two entries and second trade reusing the equities from the first trade, you can get 90 ticks or so. So my plan is to mostly sit on my hands if market chops like yesterday and today. Unless market moves directionally OR it produces very well defined top or bottom where I can enter with a razor thin stop and re-enter several times if needed.

Trade to live. Not live to trade.
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  #903 (permalink)
Trading for Profit
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So Alex, when are you going to start the blog?

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  #904 (permalink)
Elite Member
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Pedro40 View Post
So Alex, when are you going to start the blog?

Should I start a separate site, or a new thread at futures.io (formerly BMT) or just blablab here? I am not decided yet.

Trade to live. Not live to trade.
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  #905 (permalink)
Trading for Profit
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I think you should start a blog (so you can link people in the future to it easily, even months or years from now) what would be dedicated to your goal.

But you can mention the stepstones here, when you reach an important part. And you can still keep blabbing here, but the blog would be strictly (and professionally) for the goal....

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  #906 (permalink)
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After much deliberation, I have decided to simply continue the old blog I once had for years as a forex trader. I will show my roots and my journey as a trader to anyone interested. I have made an introductory post explaining my project.

Order flow pirate's journal: A NEW BEGINNING

Trade to live. Not live to trade.
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  #907 (permalink)
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xelaar View Post
After much deliberation, I have decided to simply continue the old blog I once had for years as a forex trader. I will show my roots and my journey as a trader to anyone interested. I have made an introductory post explaining my project.

Order flow pirate's journal: A NEW BEGINNING

Just read your blog. It's great!
All the best with live trading.
May I know which broker are you going to use for DAX trading?
What's the required margin for each DAX contract?
What sort of commission are they charging for each DAX contract?

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  #908 (permalink)
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vijidas View Post
Just read your blog. It's great!
All the best with live trading.
May I know which broker are you going to use for DAX trading?
What's the required margin for each DAX contract?
What sort of commission are they charging for each DAX contract?

Thanks, just sign up for updates! )

I use AMP with CQG, optional subscription for EUREX (23 eur a month). Intraday margin for DAX is 3500 usd with AMP. Commission is pretty standard, around 5 bucks per round.

Trade to live. Not live to trade.
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  #909 (permalink)
Elite Member
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Some consideration about trading ranges

Made a new post to my blog. Check it out.

Order flow pirate's journal: Flexing muscles

Trade to live. Not live to trade.
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  #910 (permalink)
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