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My Yellow Brick Road -by bd92154


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My Yellow Brick Road -by bd92154

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  #391 (permalink)
San Diego
 
Experience: Intermediate
Platform: NinjaTrader/Think or Swim
Broker: TDA/Interactive Brokers/ Data Feed TDA & IBK ( Dropped Kinetick)
Trading: Stocks NASDAQ
 
bd92154's Avatar
 
Posts: 1,056 since May 2011
Thanks: 1,541 given, 445 received

Found out at the end of the day that I had never finished my morning checklist. Hmmm No wonder I was so out of it today.




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  #392 (permalink)
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, NQ, YM, CL and GC
 
Posts: 505 since Jul 2014
Thanks: 2,471 given, 822 received

I have come realize also how important that morning routine to prepare for trading really is. You are right it does make a difference.

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  #393 (permalink)
San Diego
 
Experience: Intermediate
Platform: NinjaTrader/Think or Swim
Broker: TDA/Interactive Brokers/ Data Feed TDA & IBK ( Dropped Kinetick)
Trading: Stocks NASDAQ
 
bd92154's Avatar
 
Posts: 1,056 since May 2011
Thanks: 1,541 given, 445 received



BoltTrader View Post
I have come realize also how important that morning routine to prepare for trading really is. You are right it does make a difference.

Found that being on the left coast that I have to get up at 5 AM PST to be ready for market open by 6:30 AM PST. Doing my best to figure out trading the ES market. I tried for over a year to do the 6 AM rise and go scramble to get ready for the day. Just doesn't work for me at this point in my trading.
I have also started using my NT7 again for journaling. At the end of the day I export it to my spreadsheet.

Here is my most recent version of my morning checklist:



By the way congrats again on becoming a funded trader.

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  #394 (permalink)
San Diego
 
Experience: Intermediate
Platform: NinjaTrader/Think or Swim
Broker: TDA/Interactive Brokers/ Data Feed TDA & IBK ( Dropped Kinetick)
Trading: Stocks NASDAQ
 
bd92154's Avatar
 
Posts: 1,056 since May 2011
Thanks: 1,541 given, 445 received

If you ever do coaching over the internet RECORD EVERYTHING. I so wish that I had recorded more of Thursday and Friday's lessons. Granted most of it would be just fluff, but the nuggets are tough to remember and I'm not fast enough to catch them all the time. Glad that I recorded some and will be going over it shortly.

Now onto today. I am still having trouble making up my mind fast enough with the risk to reward and all that is involved getting into a trade. Somehow when switching over to my cash platform I missed the fact that my ATM strategy was not active. Oh well putting in an OCO order after entry fixed that problem.




Video today is a bit long...

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  #395 (permalink)
Legendary Market Wizard
Calgary, Alberta
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
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Nice journal.

I would watch your videos but they are huge in file size and take a while to spool up!

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- Trade what you see. Invest in what you believe -
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  #396 (permalink)
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, NQ, YM, CL and GC
 
Posts: 505 since Jul 2014
Thanks: 2,471 given, 822 received

You said, "Now onto today. I am still having trouble making up my mind fast enough with the risk to reward and all that is involved getting into a trade."

Here is a little trick I just learned from Joseph James at School of Trade. He calls it a stop box. However, I like to think of it as an “Entry Box”. It’s a perfect tool for Risk Management. No more calculations, just move the box on the chart to where you are looking to enter a trade and you are set to go. Top of the box is where your entry goes and the bottom is where your stop will be located for longs and vice versa for shorts. Here is what you do:
• Use “Rectangles” in NT7
• Create a rectangle on the chart
• Double click on it
• Go to the data tab
• Make sure there is exactly ___ tick difference between the “Start Y” and “End Y”
o The tick difference is the maximum amount of risk you are willing to take on any given trade (Your catastrophic stop)
• Have your ATMs set for the stop distance
• Move the box to where you are looking to enter a trade
• Place your entry order at the top of the box to ensure you get filled
• That’s it – Your stop will be automatically placed where you want it
• If your order isn’t filled that’s fine because it is beyond your risk parameters
I love it! Hope this nifty idea helps you as much as it as helped me!

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  #397 (permalink)
San Diego
 
Experience: Intermediate
Platform: NinjaTrader/Think or Swim
Broker: TDA/Interactive Brokers/ Data Feed TDA & IBK ( Dropped Kinetick)
Trading: Stocks NASDAQ
 
bd92154's Avatar
 
Posts: 1,056 since May 2011
Thanks: 1,541 given, 445 received


JonnyBoy View Post
Nice journal.

I would watch your videos but they are huge in file size and take a while to spool up!

Thanks for the complement.

The videos are even bigger before I edit them.
There have been a few days where I was too tired to edit and just posted.

I know what you mean about spooling, takes me just as long to get them loaded and this is after I have recorded, edited, converted from .wav cause that won't play here.

Yeah we get three day weekend... Have a great one.

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  #398 (permalink)
San Diego
 
Experience: Intermediate
Platform: NinjaTrader/Think or Swim
Broker: TDA/Interactive Brokers/ Data Feed TDA & IBK ( Dropped Kinetick)
Trading: Stocks NASDAQ
 
bd92154's Avatar
 
Posts: 1,056 since May 2011
Thanks: 1,541 given, 445 received



Attached Files
Register to download File Type: mp4 Daily_edit_(new).mp4 (103.40 MB, 2 views)
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  #399 (permalink)
San Diego
 
Experience: Intermediate
Platform: NinjaTrader/Think or Swim
Broker: TDA/Interactive Brokers/ Data Feed TDA & IBK ( Dropped Kinetick)
Trading: Stocks NASDAQ
 
bd92154's Avatar
 
Posts: 1,056 since May 2011
Thanks: 1,541 given, 445 received



Attached Files
Register to download File Type: mp4 Daily_edit_(new).mp4 (126.93 MB, 3 views)
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  #400 (permalink)
San Diego
 
Experience: Intermediate
Platform: NinjaTrader/Think or Swim
Broker: TDA/Interactive Brokers/ Data Feed TDA & IBK ( Dropped Kinetick)
Trading: Stocks NASDAQ
 
bd92154's Avatar
 
Posts: 1,056 since May 2011
Thanks: 1,541 given, 445 received


Wow I must have been tired yesterday. Busy day. Have friends that come over every Wednesday to watch my Online Trading School course that I bought. A TAD bit of a pain, but it is working on the social aspects of things for me. What good is trading if at the end of the day we have no more friends. So working on both this year. Well weird thing was going to sleep last night and remembering that I didn't do my futures.io (formerly BMT) post... I had done all the journaling just didn't upload it yet... Have a great day... Chat later.


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