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iqgod's TopstepTrader Combine Journal


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iqgod's TopstepTrader Combine Journal

  #11 (permalink)
 
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 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
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Day 9 was full of one word "stubbornness".

A boy with his cheeks puffed, pouting and sulking and wanting the market to go his way, disregarding what was the actuality. Not a pretty picture.















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  #12 (permalink)
 
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 iqgod 
Mumbai, India
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Experience: Advanced
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  #13 (permalink)
 
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 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097


What is it about me that when the market gives me outsized profits I flatten and step aside?

I have finally found out the reasons and addressed the components that make the flawed me and am trying use that information to keep my edge sharp henceforth.

However what happened back then is I took tiny pips where dozens were offered:









One more session and I have:








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  #14 (permalink)
 
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 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097




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  #15 (permalink)
 
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 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097

This day is where I let the pressure on me really get to me:









Technically this was an ARB that was easily tradable to the long side but I was allowing myself to get overtly poised and playing "harried executive" over nothing,

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  #16 (permalink)
 
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 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097

The wrongdoings continue to unwind my advantages: Such as taking 1 pip profit instead of 10 in and easy trade.






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  #17 (permalink)
 
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 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097

1st October and 3rd October saw me combining a vacation with trading.

The fist day was a piddling $2 profit.

I hit my daily loss limit on Day 15 cooped up in my hostel dorm bed in a desperate attempt to "make my account go up".



Thus ended a combine from which I learnt critical aspects of being a trader - by doing untraderly things and making a note of them!

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  #18 (permalink)
 gfmatt 
Edmonton, Alberta
 
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I don't want to offend, but I have no idea what you are trying to accomplish with your trading. Most of your trades seem to be a few ticks winners or loser. You seem to be trading noise. I just don't get how you think you can be profitable trading noise.

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  #19 (permalink)
 
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 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097


gfmatt View Post
I don't want to offend, but I have no idea what you are trying to accomplish with your trading. Most of your trades seem to be a few ticks winners or loser. You seem to be trading noise. I just don't get how you think you can be profitable trading noise.

No offence.

This was a few months ago.

I have almost succeeded in keeping my scalping target a constant of 10-ticks.

Check my current results here:



Note that this is a scalping endeavour.

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  #20 (permalink)
 
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 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097


I thought about the previous comment and of course it is easy to see why someone might feel that way.

As I am improving daily I can provide more instances where I am more patient and entered correctly as per my setups, and took a loss where the premise was wrong (Tipping Point) or allowed the trade to reach target!

These 10-tick winners on valid setups can nicely offset the losers and thus provide a winning edge.

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Last Updated on December 7, 2013


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