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Another TST Combine
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Created: by garyboy275 Attachments:0

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Another TST Combine

  #11 (permalink)
Trading Apprentice
thabazimbi limpopo/south africa
 
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Good day,

The 17 in the little window stands for -$170, you will notice it goes into the red when you hit -$500/50 and you will be busted out if you have 100

Hope that helps,
Ian

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  #12 (permalink)
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iankotze View Post
Good day,

The 17 in the little window stands for -$170, you will notice it goes into the red when you hit -$500/50 and you will be busted out if you have 100

Hope that helps,
Ian

Thats it-had to take a trade to find out myself LOL. It doesnt take into account commissions though. So got to watch for those yourself

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  #13 (permalink)
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garyboy275 View Post
Thanks that was very helpful. Can you take a look and tell me if you know what this warning loss limit is ? Cant make any sense of it at all
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The number is a percentage, from 0 to 100, telling you how far you are from your daily loss limit. A "17" means that for a $500 daily loss limit, you are currently at -$85, for example.

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  #14 (permalink)
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https://futures.io/trading-journals/17308-day-trading-crude-without-indicators-739.html#post333566

Piss poor execution on my part. Not good focus. Took two bad trades first thing in morning -lost one then upped to 2 lots and lost again and then I checked myself into rehab before I destroyed the day and then a small gain and another and then another loss. Only good thing was I didnt let go of myself totally. I generally have this tendency coming off good days like FT71 says you become more risk seeking. Kept the monkey in check. Took a beautiful long at 92.44 with a .10 stop and wouldnt you know it stopped by the low of freaking day. This was the point where I just wanted to give up for the day. Down almost $350 and as you know I didnt want to go over $500 since thats how much I can reasonably hit on a daily basis. I was still doing 1 lots at this time. See my logic behind doing only 1 lots-had I been doing 2 lots much more trouble trading near the DLL.

My take from today has been that every setup I took was a winner except one for a .10 loss right before it took off lost only $70 on this one. My problem today was taking mediocre setups and then getting out for 3-5 tics. I had 4 really good short that reversed into a stopout cause I moved my stop after they went 7 or 8 tics my way. Had I been quick on trigger to lock em in it wouldve been an up day for me.

I posted the link ^^ for the piss poor execution on my part--had I shorted and just held 1 lot i d have made about 20 tics but after all the reversals, I took the same short over and over again for 2-3 tics. Standing back and now looking at this is really painful. As of this writing it looks like a rollover is on the way too. Tough day to trade. From the lows of about $390 I went positive all the way and then negative again so deciding to call it quits here.

Not the way I wanted the day to go. This kind of day is the most useful day for a development as a trader in my opinion when so much can go wrong.

You dont get what you wish for, you get what you work for.

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Last edited by garyboy275; June 3rd, 2013 at 05:42 PM. Reason: TST stats
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  #15 (permalink)
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DOM

Gary did you figure out how to turn off the DOM scrolling feature?

Thanks!

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  #16 (permalink)
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xelaar View Post
Actually you can fix the DOM, you can't scroll it with the wheel, but you can right click above or below center price and get it scrolled a screen up or down. It should be in autocenter mode. Smooth scrolling is not the one to use for trading. Just for observation. There is a lot of configurations and features there, take a time to learn them.

PS if you use buy/sell buttons they wont engage your OCO orders should you setup one. And TST will fail you if you don't use stops. You can use limits to enter at market with OCO.



^^^^ You can refer to this. I still use smooth scrolling and it cost me over $400 today just not fast enough to react and their requirement to use stops at all times. Normally in my personal account I would have hit cancel all and then decide what I want to do. More on this later.

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  #17 (permalink)
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Nothing much to report other than max profit was about $250 at one time and then went negative and then positive again and I closed it for the day.

Just a couple of things on their requirements. I was in a trade with auto OCO orders and trade went in my favor with some momentum. In such a situation in my personal account I cancel all orders. Reevaluate my targets and put the orders back on. Took only about 30 seconds but I was already out of the trade by that time. Potential profit left on table about $1000(doubt I wouldve gotten all of it but at least $200-300 more wouldve been my guess) I have to now think of something to avoid this in future and I had 2 lots on for the trade too. It was the best gainer all day. I missed a couple of good moves after being distracted. Going forward focus is to watch and pay attention. Honestly didnt expect it to be this wild before tommorows #.

Edit: Couple of things to add-the losers took such a long time to either stop out or for me to close it out(did very well on closing all 3-all wouldve been stopped out) that the avg losing trade time was 7 mins and winners were fast (like above) that avg time was about 4mins. This is one of their requirements in scouting criteria given below. So far only thing in my favor is the win %. Makes me almost think that its not worthwhile to take 2-3 tic winners and rather have them as 1-2 tic losers. Although in your real account these 2-3 tic winners up real fast. But I guess they dont want you to have small winners and big losers. I wish there was a way to filter out all 1-3 tic trades.

Overall Average Win greater than Overall Average Loss
Overall Average Win Duration greater than Overall Average Loss Duration
Total Win percentage of 45 or greater


Last edited by garyboy275; June 4th, 2013 at 08:07 PM.
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  #18 (permalink)
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Bad day today. Traded morning like a pro and afternoon like a Joe. From up $220 I wanted to ramp up and started taking 2 lots and got hit on every trade and after 3 losses stopped trading. Unfortunately one of the trades was to "fix" the stats and on one I couldnt revise fast enough to scaleout-went from +200 to -200 on that trade. Had I been able to scale out might have felt different. On another moved stopped and got high ticked stop out(moving stops doesnt help does it ?) I need to have more discipline and be aggressive on setups. Really no excuse all my fault. Shouldve been more patient and disciplined

Will post the screen shot later.

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  #19 (permalink)
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Maybe you should have put a detailed plan here, and adhere to it? Specifying precisely what setups you take, how much loss before bailing, etc.

Trade to live. Not live to trade.
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  #20 (permalink)
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xelaar View Post
Maybe you should have put a detailed plan here, and adhere to it? Specifying precisely what setups you take, how much loss before bailing, etc.

I trade off candlesticks, Volume profile and price levels. Hard to point to one setup. Stop is "generally" 10 tics and profit target is 20 tics. However I sometimes deviate from the plan esp with profit targets-when it doesnt do what I expect it to do. Then I bail for 3-4-5 tics. I like hard moves or at least where it moves away from my entry and stay away. Going forward I ve decided once it moves in my favor close to 10 tics(could be 8 or 9) i am going to move stop to breakeven. THis is how I trade my real account and how I would trade a live account if I get there. I am going to ignore the stats for now.

To me I would have better respect for myself as a trader if I traded like I should and like I know I am capable of , rather than some stats like holding time for winners etc. Some stats are useful such as avg winner vs avg loser but in my case and I am sure in case of many others like I ve addressed earlier, when its not working I d rather take the 3-4 tics profit and look for next trade rather than wait for it to stop me out. So when you have 3-4 winners that are small and one full stop out and a winner that goes the your way, the Avg loser is bigger than avg winner. Kinda pointless unless you can filter out the small wins from losses.

But today's fauz pas was all on me. It wasnt about stats or anything. I tried to get "smart" with a trade and it became a bigger than avg loss -30 tics. I have to be disciplined about these.

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