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trader000's Topstep Trader Combine Journal
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trader000's Topstep Trader Combine Journal

  #61 (permalink)
Trading for Fun
Ohio USA
 
Futures Experience: Intermediate
Platform: Ninja, T4
Favorite Futures: futures
 
Posts: 65 since Jun 2013
Thanks: 23 given, 64 received


DATE: 10/7/2013
P-L: -$35.00
BALANCE: $50,597.50

DAY NOTES: Came into the day ready to go. Got cautious on two shorts that showed up near the open and both worked out nicely. So the frustration sets in. Can feel a little choppiness going on but system produces a long signal around 11:15am EST. I get long. And then sit and wait. Patience not being my strongest quality, I exit the trade with a small loss and start to pat myself on the back after sitting in the trade for approx. 30 minutes. Then around 11:50am, price does what I expected – tested the opening range and then blasted through the high of day. I was in this trade 2 contracts to start and had a pending order to add long. So what should have been a full $450 profit is showing a -$35 loss.

And that was my morning, which set the tone for the day and I just shut down the combine platform. Very frustrating end result for the day.

I just noticed my Avg Loss duration has increased (thanks to today’s bonehead trade) so I may need to fire off some quick, 1 tick loss trades to game the time in trade metric (that is removed on new combines). It stinks to be forced to lose 1 tick at a time, a few times, but I need the Avg Loss Duration below Avg Win Duration I believe.

I also want to remove the P-L figures from my T4 dom. Anyone know if this is possible? The constant watching of that I know is not helping the situation.


P-L from today:
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TST stats, including today:
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Last edited by trader000; October 7th, 2013 at 05:49 PM.
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  #62 (permalink)
Trading for Profit
Houston, TX
 
Futures Experience: Intermediate
Platform: TradeStation
Broker/Data: TradeStation
Favorite Futures: CL
 
LogicalTrader's Avatar
 
Posts: 294 since Aug 2013
Thanks: 1,420 given, 752 received


trader000 View Post
I also want to remove the P-L figures from my T4 dom. Anyone know if this is possible? The constant watching of that I know is not helping the situation.

Click the first button (Properties) on your DOM up top. This brings up a tabbed screen. Click on the "Accounts" tab and then you can toggle what P&L values displayed (or not) on your DOM. Save your settings otherwise it will change back to what it was once you restart T4. I cannot take a picture using Jing because the window goes away when I click elsewhere so hope the directions I am giving are clear enough.

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  #63 (permalink)
Trading for Fun
Ohio USA
 
Futures Experience: Intermediate
Platform: Ninja, T4
Favorite Futures: futures
 
Posts: 65 since Jun 2013
Thanks: 23 given, 64 received


DATE: 10/8/2013
P-L: +$10
BALANCE: $50,607.50


DAY NOTES: I dont want to concede that I have all the metrics done on this combine (except the ultra-important profit) but I have to be realistic too. I should qualify for a rollover, assuming I dont get silly and wipe the profit out that I have.

Today started late. I overslept and then had some personal things to take care of so by the time I get to the screens, price has plummeted nicely and I missed a minimum of 3 nice shorts.

I also know I need to watch my TIT (time in trade) and get my average loss TIT down. This combine was started on the old rules, which had a TIT requirement the new combines do not (unless it changed since I last saw). So I went into a little scalping mode enter with a 1 tick stop. Either my entry was literally perfect or I would be out quickly with a 1 tick loss in seconds, which should help bring the TIT down. I inadvertently took a winning trade in that so my Avg Loss duration is still higher! I will have to game that stat back down tomorrow. I hope this is the reason they scrapped this metric, because I am now forced to take losing, quick trades which costs commissions and real account dollars.

P-L from today:
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TST stats, including today:
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  #64 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received


trader000 View Post
DATE: 10/8/2013
P-L: +$10
BALANCE: $50,607.50


DAY NOTES: I dont want to concede that I have all the metrics done on this combine (except the ultra-important profit) but I have to be realistic too. I should qualify for a rollover, assuming I dont get silly and wipe the profit out that I have.

Today started late. I overslept and then had some personal things to take care of so by the time I get to the screens, price has plummeted nicely and I missed a minimum of 3 nice shorts.

I also know I need to watch my TIT (time in trade) and get my average loss TIT down. This combine was started on the old rules, which had a TIT requirement the new combines do not (unless it changed since I last saw). So I went into a little scalping mode enter with a 1 tick stop. Either my entry was literally perfect or I would be out quickly with a 1 tick loss in seconds, which should help bring the TIT down. I inadvertently took a winning trade in that so my Avg Loss duration is still higher! I will have to game that stat back down tomorrow. I hope this is the reason they scrapped this metric, because I am now forced to take losing, quick trades which costs commissions and real account dollars.

P-L from today:
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TST stats, including today:
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@trader000

I thought when they switched over the old rules no longer applied. I remember the interview Nebraska did and I pretty sure he said if you had a old combine with the old rules that it would it would be switched over to the new rules after the new rule start date. I would check with support. You may be wasting trades for nothing.

Robert

nosce te ipsum

You make your own opportunities in life.
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  #65 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

In your report metrics are no longer red and green. It means they are inactive and no longer counted.

Trade to live. Not live to trade.
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  #66 (permalink)
Trading for Fun
Ohio USA
 
Futures Experience: Intermediate
Platform: Ninja, T4
Favorite Futures: futures
 
Posts: 65 since Jun 2013
Thanks: 23 given, 64 received


Silver Dragon View Post
@trader000

I thought when they switched over the old rules no longer applied. I remember the interview Nebraska did and I pretty sure he said if you had a old combine with the old rules that it would it would be switched over to the new rules after the new rule start date. I would check with support. You may be wasting trades for nothing.

Robert

Good to know, thanks.


xelaar View Post
In your report metrics are no longer red and green. It means they are inactive and no longer counted.

I wonder what I need to do then to qualify for a rollover. I thought I was on track for a rollover, going to be very frustrated if I don't!

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  #67 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
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Posts: 555 since Jan 2013
Thanks: 31 given, 361 received


trader000 View Post
I wonder what I need to do then to qualify for a rollover.

I think it is very simple now:

1. Be profitable at the end. Even $1 profit makes you pass. But this is for each product traded.
2. Make money 55% of the time. In your case 11 days for the 20 days Combine.
3. Don't hit the daily limit. Ever.

If I recall, that is it... Since you already have 10 winning days, you only need 1 more out of the 4 remaining days. Should be fairly easy, just don't mess up the daily limit...

Oh yes, and don't trade other products, because each product has to have at least 1$ profit.


Last edited by Pedro40; October 9th, 2013 at 12:50 PM.
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  #68 (permalink)
Trading for Fun
Ohio USA
 
Futures Experience: Intermediate
Platform: Ninja, T4
Favorite Futures: futures
 
Posts: 65 since Jun 2013
Thanks: 23 given, 64 received


DATE: 10/9/2013
P-L: -$35
BALANCE: $50,572.50


DAY NOTES: At this point Im just focused on qualifying for a rollover of this combine. My overall performance was very disappointing. At this point, I should be getting ready to get info on going live. The market I am trading (soybeans) is not the problem. The methodology is not the problem. The problem resides in my head mental monkeys as FT71 might say.

I got reply back from TST support. I am under the old combine rules:
Combine Rules Effective 8/28/2013 ? Help & Feedback Center

Now I just have to watch my metrics to see where I am at as I take some quick dings to get the average loss time down.

P-L from today:
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  #69 (permalink)
Trading for Fun
Ohio USA
 
Futures Experience: Intermediate
Platform: Ninja, T4
Favorite Futures: futures
 
Posts: 65 since Jun 2013
Thanks: 23 given, 64 received

DATE: 10/10/2013
P-L: +$70
BALANCE: $50,642.50

DAY NOTES: Its a balancing act watching the combine metrics that I am under and how many trades to take so I can qualify for a rollover. I think I will be ok for the rollover as my combine ends tomorrow. This has been a great process and I think TST should seriously consider keeping this discount going for people that journal their combine progress. Trading a combine is difficult, but the journaling forces you to be up front and center both good or bad.

Today was just 1 trade taking a breakout to the downside. I was playing a quick whoosh of stops or I was going to be out. Got a small profit from that and called it a day. I was close to firing more than 1 contract but b/c of the impending combine rollover, I didn't want to jeopardize that.

P-L from today:
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TST stats, before today:
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  #70 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 555 since Jan 2013
Thanks: 31 given, 361 received


The posted stats from a day earlier shows that you got the trading duration stat fixed, good for you. But then you said you just had a quick winning trade and that might screw up this stat. So my advice for the last day, make sure you have a couple of quick losers ( a few seconds long), to keep the average losing time down.

It would be a shame not getting a rollover just because of this silly stat, that doesn't even count anymore.

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