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Trade Ninja - TST combine journal


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Trade Ninja - TST combine journal

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  #11 (permalink)
Tacoma, WA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, CL
 
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Posts: 15 since Jun 2013
Thanks: 6 given, 3 received

Arrgh! another day of taking valid setups that just didn't work out.

Let me start by saying I am disappointed with the results while I am happy with the setups. Kinda conflicting, but I am here to run my plan. I stuck to the plan and can take solace in that.

The first trade went within 1 tick of hitting my profit target, then reversed and went to my stop. I did hit the first target at which I reduced the stop level (which is good). I reviewed the trade and can say that the levels and plan were solid, just didn't work out the way I wanted but it did work out one of the ways I had planned for.

The second trade for the day went similar, not as close to the targets. I did not hit any stop level reduction targets and lost the full amount. Again, not what I wanted but it was planned for, so not unexpected either.

I have noticed that I seem to place more short trades then long trades. It could be because we are at all time high levels, or maybe I have a bias. Something to watch for the next few days...

Combine is back in a uncomfortable zone, kinda close to hitting the max drawdown and ending the combine. I have to continue to trade my plan. I am gonna be stubborn and see this through (in a good way) to the end, win lose or draw I will have traded my plan and that IS important.

John Kavanaugh
AKA "Trade Ninja" in the TST chatroom
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  #12 (permalink)
Montreal
 
Experience: Beginner
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Posts: 39 since Jun 2010
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Ninja,
Good luck with your combine. Keep going my friend
MM

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  #13 (permalink)
Tacoma, WA
 
Experience: Intermediate
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Posts: 15 since Jun 2013
Thanks: 6 given, 3 received


For Friday Nov 1. I watched the market all day, kept myself out of trouble and did not find a proper setup. A good day overall but not much to talk about. I am happy that I am able to stay disciplined.

John Kavanaugh
AKA "Trade Ninja" in the TST chatroom
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  #14 (permalink)
Tacoma, WA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, CL
 
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Posts: 15 since Jun 2013
Thanks: 6 given, 3 received

Two trades for the day, one went in my direction and near my first target but came short and moved against me for the maximum loss I was willing to take. This trade brought me vary close to the max drawdown but I was determined to keep on my trading plan. The second trade for the day setup very clearly and seemed easy,as in everything just fit together. The end of the day shows a small profit.

The combine is still in the negative and close to "life support". I have noticed that I keep coming up short of my targets and end up getting stopped out for the maximum I am risking. My losses are about double the wins, which is opposite how it should be. The most troubling thing is that I don't know why, I will look back over the trade reports to recreate the trade and figure it out.

John Kavanaugh
AKA "Trade Ninja" in the TST chatroom
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  #15 (permalink)
Tacoma, WA
 
Experience: Intermediate
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Posts: 15 since Jun 2013
Thanks: 6 given, 3 received

Two trades for the day,

One really small winner. After the entry the price action went my direction and hit my first target. This target was setup to move my stop to break even +1 tick. It quickly turned back around and got me out for that 1 tick.

And one large losing trade. On this one I think I over thought the market and in review should have done exactly the opposite of what I did. I accidentally skipped a important step in checking on the higher time frames for the direction of the trend and got punished for my error. This trade could/should have been avoided had I followed my steps properly.

The combine is now a little too close for comfort in flirting with the max draw down. I say it everyday, but I am gonna keep on my plan and try to fight my way back into the positive. A few winners strung together and I will be just fine.

John Kavanaugh
AKA "Trade Ninja" in the TST chatroom
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  #16 (permalink)
Tacoma, WA
 
Experience: Intermediate
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Trading: ES, CL
 
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Posts: 15 since Jun 2013
Thanks: 6 given, 3 received

Only one trade today,

I had a trade setup but the Reward to Risk was off, I waited as price went to "kiss the trendline goodbye", I entered the previously triggered trade with proper Reward to risk. The price basically stayed in a 10 tick range for the remainder of the day and I had to exit due to the time of day. Just a tiny loss on the day.

The combine is still in poor condition, and really need to have a trade work out to get off life support.

John Kavanaugh
AKA "Trade Ninja" in the TST chatroom
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  #17 (permalink)
Tacoma, WA
 
Experience: Intermediate
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Trading: ES, CL
 
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Posts: 15 since Jun 2013
Thanks: 6 given, 3 received

I am pretty bummed, the combine is over.

I took 2 trades today and both times the market turned on me and I got stopped out.

I can honestly say that I learned a ton. I allowed myself into the combine and found out quickly that I had not prepared myself properly. Its not the end of the world , the road or even a major setback, in fact I think failing this combine has pushed me back onto the correct path.

Going forward the plan is to
1. Take the next 10 days working in my SIM account
2. Make a bunch of small changes/additions to the setups.
3. Print out the setups and make a little book with the setups.
4. Take more and better notes for each trade
5. Continue the journal during the 10 day SIM trades
6. Add a to the daily journal the physiologic and technical aspects of my trading, the charts will help with the personal evaluation of the trades and confirm each setup was properly executed.

During the combine, I now think I might have 'curve fitted' some of the setups due to focusing on one market only. The 10 days of SIM account, I will open up my scope and work harder to find the setups, more market will provide more opportunities and hopefully less curve fitting.

John Kavanaugh
AKA "Trade Ninja" in the TST chatroom
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  #18 (permalink)
Montreal
 
Experience: Beginner
Platform: Ninja
Trading: Futures-oil-gold-forex
 
Posts: 39 since Jun 2010
Thanks: 5 given, 36 received

Ninja,
The combine is not over yet until the end or you have hit your max draw down which is not the case. I suggest to continue not as a sim during the last half remaining days, and to try to roll it over as your first goal and have a good feeling for yourself. Do not give up. I know the way your analysis are often accurate in the Team CTD room based on your screen shots and the discussions we all are having daily. Do not let yourself go down and keep the good work and follow the plan as usual. Things can turn around for you. It is easy to say than doing, however I know for fact that you have the knowledge. I experienced the same feelings and it is not easy to deal with. The most important is not only knowing what went wrong. It is to know what went wrong and do something about it, and you are taking actions for that.
Good Luck and keep going, we will all get there.
I am starting my new combine next week on 11-12-2013.
MM

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  #19 (permalink)
delhi, delhi, india
 
 
Posts: 59 since Dec 2013
Thanks: 10 given, 14 received

so what happened with your combine.
how was the experience.
i feel taking a 50k/30k combine is way better
since the risk reward ratio is pretty skewed for a 150k/ 100k combine
gl though

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December 27, 2013


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