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Mergodon TopSteptrader Live Account Journaling
Started: by matevisky Views / Replies:56,220 / 446
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Mergodon TopSteptrader Live Account Journaling

  #351 (permalink)
Elite Member
Como, Italy
 
Futures Experience: Advanced
Platform: Tradestation, IB
Broker/Data: Tradestation, IB
Favorite Futures: ES
 
Posts: 149 since Aug 2014
Thanks: 232 given, 219 received


matevisky View Post
I am going back to combine. In went back ton200 usd again I don't want to push my luck again so info back to free combine to get mily mind right on track

you know, I'm sorry to hear that. I think your persistence will lead eventually to succed with it. Maybe doing a combine again will also help you better define your strategy and risk management. I just would suggest you to start fresh next year, take some rest and spend some time with your family. You worked very good this year and even if I can understand you may be disappointed right now, you have a lot to be happy the way your trading is improved.

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  #352 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 632 given, 1,541 received

Story from yesterday

Yesterday was a no trading. Based on the strategy, and based on my family obligation. I had to go to the kids, so I had only 30 minutes to trade. When the market was open I saw a big drop. I said myself. Oke, I will go short after the market open, if it takes me out, I will go short again on pullback that's it.

What happened?
I did not go short. I saw the market droping. I was angry. I have no time to loose, and I am not doing what I have been planed. Oke lets go long on a pullback. Pullback was coming. No real signal (I have a justification signal to do this, after a huge drop). Make a gift. Get angry, went short. On the second pullback the market pop back to the opening zone.
News was coming. It is always heavy on the russel (not on the YM!)
I made 2-3 gift moving my stops, checking the time was late to the kids... getting raged...

I am not continue my story.

My bad, my decision my fault. I have to change on these discipline issues, if I would like to be a good trader. So I decieded to went back to combine.

thx all the support.

Combine plan is simple. I have 2 free combine. On the first combine I will trade Crude and YM. Start trading crude at pit open, and YM paralel. Just to get used to it. If it is successful, than it is. If not, I will stick with the YM on the second run... No rush, will see...

Máté
Full time traderLive journal here
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  #353 (permalink)
Trading Apprentice
Bucharest, Romania
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: TF
 
Posts: 6 since Apr 2011
Thanks: 19 given, 11 received

Bad habits coming from fears vs good habits


I used to have some of your bad habits. After reading the "Law of success" by Napoleon Hill i was inspired to create a *xls file, 3 columns: bad habits, cause - fears (where from those bad habits are coming from), good habits. Analysed all the bad entries and where I identified bad habits I put them in the first column. Then asked myself sincerely why I was taking this trade and I identified the cause - fear behind and put it in the second column. Then I invented some sayings against the bad habits which I will repeat every time I will be confrunted with the same cause - fear which triggered my bad habit. For example: 1. Not taking the profit (which is not at the daily target) although seeing signals against 2. Greed -Fear of poverty 3. "Bird in the hand worths two in the bush"
1. Moving the stop without a backup reason 2. Fear of loss -Fear of poverty 3. "A gift is a gift (not a loss)"
I hope it will help you.
I must admit that I was inspired also by Horst sayings if you observed he has some expressions: "Bird in the hand worth two in the bush", "No harm no faul", "Don't need to trade every day. Consistency a lot depends on the days you choose to trade, the opportunities you get envolved with. A smart trader can produce a profit. A wise trader knows which trades to produce a profit on.", etc.
I know you've gone be a great trader, I feel it, my trader intuition is telling me that. (By the way 50 percent probability for a pattern is just like you flip a coin, find something like 70-80 percent).

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  #354 (permalink)
Elite Member
boston ma
 
Futures Experience: Beginner
Platform: ninja
Favorite Futures: futures, stocks
 
Posts: 227 since Oct 2011
Thanks: 384 given, 154 received

happy holidays

Great thread, good job, keep it up.
I wish you all happy holidays

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  #355 (permalink)
Elite Member
Salt Lake City
 
Futures Experience: Beginner
Platform: Ninja
Favorite Futures: CL
 
Posts: 1 since Nov 2014
Thanks: 0 given, 0 received

Futures Edge on FIO

matevisky View Post
Yesterday was a no trading. Based on the strategy, and based on my family obligation. I had to go to the kids, so I had only 30 minutes to trade. When the market was open I saw a big drop. I said myself. Oke, I will go short after the market open, if it takes me out, I will go short again on pullback that's it.

What happened?
I did not go short. I saw the market droping. I was angry. I have no time to loose, and I am not doing what I have been planed. Oke lets go long on a pullback. Pullback was coming. No real signal (I have a justification signal to do this, after a huge drop). Make a gift. Get angry, went short. On the second pullback the market pop back to the opening zone.
News was coming. It is always heavy on the russel (not on the YM!)
I made 2-3 gift moving my stops, checking the time was late to the kids... getting raged...

I am not continue my story.

My bad, my decision my fault. I have to change on these discipline issues, if I would like to be a good trader. So I decieded to went back to combine.

thx all the support.

Combine plan is simple. I have 2 free combine. On the first combine I will trade Crude and YM. Start trading crude at pit open, and YM paralel. Just to get used to it. If it is successful, than it is. If not, I will stick with the YM on the second run... No rush, will see...

Back to combine? Ur still a live trader with tst right? If not, y?

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  #356 (permalink)
Trading Apprentice
Amman Jordan
 
Futures Experience: Master
Platform: MetaTrader
Favorite Futures: EURUSD
 
Posts: 4 since Dec 2014
Thanks: 0 given, 1 received

I had all your mental issues and still have. Beleive it or not, even if you're a genius, you will never succeed in this market unless you completely get rid off all these bad habbits!

I am currently following a (trading diet) that is helping me keep me focused and away from all the bad habbits most of the time. I wish you success, and I really understand what you're going through because I have been there my self, and its pretty painfull, especially when you're trading for a living

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  #357 (permalink)
Elite Member
boston ma
 
Futures Experience: Beginner
Platform: ninja
Favorite Futures: futures, stocks
 
Posts: 227 since Oct 2011
Thanks: 384 given, 154 received

Daily maximum loss

A question about daily daily max loss.
If I'm in a trade and dom went red below max daily loss but didn't close my position and then market turned around and dom is green and closed my position with a profit , Do I fail combine by just crossing daily max limit or it only counts closed positions?
thanks

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  #358 (permalink)
Market Wizard
Germany
 
Futures Experience: Intermediate
Platform: Other
Favorite Futures: ES, YM, 6E
 
Posts: 2,314 since Feb 2013
Thanks: 3,816 given, 5,508 received
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TST Rule


ness1g View Post
A question about daily daily max loss.
If I'm in a trade and dom went red below max daily loss but didn't close my position and then market turned around and dom is green and closed my position with a profit , Do I fail combine by just crossing daily max limit or it only counts closed positions?
thanks

Daily Loss Limit: "Net P&L cannot hit or exceed this amount IN a trading day (5 PM CT - 3.10 PM CT)"
Only Max. Drawdown Rule is calculated at the end of each trading day.

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  #359 (permalink)
Webinar Host
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
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Posts: 5,550 since Sep 2013
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ness1g View Post
A question about daily daily max loss.
If I'm in a trade and dom went red below max daily loss but didn't close my position and then market turned around and dom is green and closed my position with a profit , Do I fail combine by just crossing daily max limit or it only counts closed positions?
thanks


choke35 View Post
Daily Loss Limit: "Net P&L cannot hit or exceed this amount IN a trading day (5 PM CT - 3.10 PM CT)"
Only Max. Drawdown Rule is calculated at the end of each trading day.

Like any broker they have a risk department watching your combine. I have seen stories of people breaking the DLL and being exited from a trade.

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  #360 (permalink)
Elite Member
boston ma
 
Futures Experience: Beginner
Platform: ninja
Favorite Futures: futures, stocks
 
Posts: 227 since Oct 2011
Thanks: 384 given, 154 received

dll



tturner86 View Post
Like any broker they have a risk department watching your combine. I have seen stories of people breaking the DLL and being exited from a trade.

So once below dll you fail? Even if you close trade with a winner?

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