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Mike Sullivan Trading Journal


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Mike Sullivan Trading Journal

  #51 (permalink)
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ, YM, ES
 
Daytrader999's Avatar
 
Posts: 1,167 since Sep 2011
Thanks: 1,143 given, 1,586 received


msull35706 View Post
DT

Many thx for your kind words.

Will do my best.

Have you figured out ATM strat like in Ninja to be used in T4 platform?
That DOM is a bit of a challenge for me but still want to pursue a qualification
of a funded TopStep account.

Are you still using BDT method?

Mike S.

You're welcome !

I never looked more deeply into T4 platform since I still don't give up my belief that TST will get NT up and running for the combine sometime...
So I didn't look for a similar strategy manager like Ninja's ATM either.

And yes, I'm still using BDT method and I'm planning to use it in a possible combine as well.

Currently I'm also working on the process of getting a decent understanding of order flow techniques by using Order Flow Analytics OFA / Ninja (free) service.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #52 (permalink)
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
 
Posts: 377 since Aug 2010
Thanks: 141 given, 807 received


Daytrader999 View Post
You're welcome !

I never looked more deeply into T4 platform since I still don't give up my belief that TST will get NT up and running for the combine sometime...
So I didn't look for a similar strategy manager like Ninja's ATM either.

And yes, I'm still using BDT method and I'm planning to use it in a possible combine as well.

Currently I'm also working on the process of getting a decent understanding of order flow techniques by using Order Flow Analytics OFA / Ninja (free) service.

Great DT

I'd like to see your progress on that.
I had OFA prior to the Ninja integration. A little over my head.
Keep me/us posted.
I also have BDT and wasn't able to get the consistency....
So far, off to a good start with Right Line....

Mike S.

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  #53 (permalink)
Dallas, Texas
 
Experience: Intermediate
Platform: ninjatrader
Trading: crude oil
 
Posts: 88 since Dec 2011
Thanks: 70 given, 41 received

what is BDT


Hi Daytrader 999,

what is the BDT trading method ?

thanks

Amin

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  #54 (permalink)
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ, YM, ES
 
Daytrader999's Avatar
 
Posts: 1,167 since Sep 2011
Thanks: 1,143 given, 1,586 received


avall38486 View Post
Hi Daytrader 999,

what is the BDT trading method ?

thanks

Amin

Hi Amin,

BDT = Boomerang Daytrading System.

You can take a look at my journal thread to see some details and screenshots concerning the BDT system:

https://futures.io/elite-trading-journals/24150-daytrader999-s-20-day-combine-topsteptrader-3.html

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #55 (permalink)
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
 
Posts: 377 since Aug 2010
Thanks: 141 given, 807 received

CL Trades for 12/9/2013...

Tough day!!!
Took 2 setups and limited my losses...

1st Trade: 3LB that stalled

2nd Trade: Strat Green 15/50MA.. Stalled

Done for day...

Some days are going to be like this. Don't kill your account
and revenge trade!!!
Tomorrow is another day.

Mike S.

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Last edited by msull35706; December 9th, 2013 at 11:47 AM.
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The following 3 users say Thank You to msull35706 for this post:
 
  #56 (permalink)
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ, YM, ES
 
Daytrader999's Avatar
 
Posts: 1,167 since Sep 2011
Thanks: 1,143 given, 1,586 received


msull35706 View Post
Tough day!!!
Took 2 setups and limited my losses...

1st Trade: 3LB that stalled

2nd Trade: Strat Green 15/50MA.. Stalled

Done for day...

Some days are going to be like this. Don't kill your account
and revenge trade!!!
Tomorrow is another day.

Mike S.

Hi Mike,

sure, some days you better stay in bed all day long rather than to trade one single contract on any instrument.

So, when I take a closer look at your trades today, is it possible that you moved your stops perhaps a little bit too early on both trades ?

I might be wrong, but having that said, IMO both trades could (or would) have been winners if you've had left your stops at -10, never touched them and let the trades develop...


Just my $0.02.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #57 (permalink)
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
 
Posts: 377 since Aug 2010
Thanks: 141 given, 807 received


Daytrader999 View Post
Hi Mike,

sure, some days you better stay in bed all day long rather than to trade one single contract on any instrument.

So, when I take a closer look at your trades today, is it possible that you moved your stops perhaps a little bit too early on both trades ?

I might be wrong, but having that said, IMO both trades could (or would) have been winners if you've had left your stops at -10, never touched them and let the trades develop...


Just my $0.02.

Hey DT

The 1st trade would have been a complete 10tix loss so I saved 5tix on that.
2nd trade.. yes.. would have worked out.

Its just the price action was so ugly that I just couldn't take a potential full stop out.
If I left alone, would have had my 6+10tix and would have ended positive.

Hey, live to trade another day!!!

How you do today?

Keep posting charts on your thread and/or here...

BDT has alot of similarities in my opinion and we can help other traders visiting both our threads..

my .03cents...

Mike S

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  #58 (permalink)
Manassas, VA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninjatrader Brokerage/Continuum
Trading: ES
 
Posts: 36 since Nov 2010
Thanks: 14 given, 29 received


msull35706 View Post
Tough day!!!
Took 2 setups and limited my losses...

1st Trade: 3LB that stalled

2nd Trade: Strat Green 15/50MA.. Stalled

Done for day...

Some days are going to be like this. Don't kill your account
and revenge trade!!!
Tomorrow is another day.

Mike S.

Nice trading Mike. It would be helpful if you could markup where you entered and where you exited on your charts so others can identify the entry/exit.

I can see what Daytrader means by leaving your stop in place. However I will leave you with some food for thought.

If your trading plan calls for an initial stop of 10 ticks calls for it to tighten up after x number of candles or x amount of time or x amount of ticks then follow your plan.

A good trade = a trade (win or lose) that you enter and exit based on your rules

A bad trade = a trade (win or lose) that is entered and exited outside of your rules.

The old adage goes plan your trade and trade your plan. Yes there are times when you need uneed to make some modifications but the principle still applies.

Cheers,
Steve

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  #59 (permalink)
Manassas, VA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninjatrader Brokerage/Continuum
Trading: ES
 
Posts: 36 since Nov 2010
Thanks: 14 given, 29 received

I also noticed on your charts that the entry/exit times on the trade history do not match the time on the charts

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  #60 (permalink)
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
 
Posts: 377 since Aug 2010
Thanks: 141 given, 807 received



Jester View Post
I also noticed on your charts that the entry/exit times on the trade history do not match the time on the charts

Steve

The Fills from TopStep are Chicago time...
So it's 1hr less...

Agreed on keeping to the plan

Mike S.

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