Mergodon TopSteptrader Live Account Journaling - futures io
futures io futures trading



Mergodon TopSteptrader Live Account Journaling


Discussion in Trading Journals

Updated August 8th 2016 by fskhan
      Top Posters
    1. looks_one matevisky with 251 posts (1,268 thanks)
    2. looks_two bobwest with 15 posts (33 thanks)
    3. looks_3 GFIs1 with 13 posts (27 thanks)
    4. looks_4 ratfink with 13 posts (57 thanks)
      Best Posters
    1. looks_one matevisky with 5.1 thanks per post
    2. looks_two ratfink with 4.4 thanks per post
    3. looks_3 iqgod with 3.1 thanks per post
    4. looks_4 bobwest with 2.2 thanks per post
    1. trending_up 75,848 views
    2. thumb_up 1,759 thanks given
    3. group 76 followers
    1. forum 446 replies
    2. attach_file 166 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Mergodon TopSteptrader Live Account Journaling

(login for full post details)
  #361 (permalink)
Bridgeport, Ct
 
Experience: None
Broker: Tasty
Trading: STONKS
 
TheShrike's Avatar
 
Posts: 490 since Jun 2012
Thanks: 1,431 given, 773 received


ness1g View Post
So once below dll you fail? Even if you close trade with a winner?

Yes, that is correct. If your max daily dd is 500, and your trade is down -504, your position will be liquidated and you will fail the combine and not be eligible for a rollover. Be careful.

Reply With Quote
The following 2 users say Thank You to TheShrike for this post:

Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
 
(login for full post details)
  #362 (permalink)
Super Moderator
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
tturner86's Avatar
 
Posts: 6,148 since Sep 2013
Thanks: 10,427 given, 12,484 received


ness1g View Post
So once below dll you fail? Even if you close trade with a winner?

My understanding is if you cross the DLL during a trade they will exit the trade. Your best bet is to contact TST support as they will be able to better answer your questions.

Reply With Quote
The following user says Thank You to tturner86 for this post:
 
(login for full post details)
  #363 (permalink)
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,666 since Feb 2013
Thanks: 5,097 given, 6,547 received

Bad habits



ness1g View Post
So once below dll you fail? Even if you close trade with a winner?

Esp for beginners, it's hard to understand why a trade that ends up "profitable" should kill them.



Most think of trade P/L like Pic1: "Good" trades end up with a profit, "bad" trades end up with a loss.
Without any system or set of rules, this superficial view is feasible. Beginners often don't realize that there is more, because they are so absorbed by a trade and still don't know their probabilities.




With a system or set of rules, the spectrum of results widens (Pic2).
You have - at least - 4 categories of trades:

1. Justifiable trades that end up with a profit - "normal", but your desired result when you come up with rules / systems
2. Justifiable trades that end up with a loss - "normal": bad beats "without" reason
3. Unjustifiable trades that end up with a loss - "normal": you get a good beating with good cause
4. Unjustifiable trades that end up with a profit - "luck": you deserve a good beating, but you get away

Normally, the more experienced traders get, the more their learning shifts from the right side of Pic2 to the left side. Seasoned traders know their probabilities (1. & 2.).
But the fight within gets harder:

3. means that you have a (profitable) system, but for whatever reason you didn't stick with it. It's pain. You "deserve" the pain. It's a wake-up call.

4. is even more dangerous in the long run: There is no pain, there is no questioning of your behavior, no wake-up call by the market. So there is no reason to pause for a moment and learn. Routinely people mix up the luck they had with systematic, reproducible trading, and develop bad habits.


When a trader falls below the DLL, he violated the system.
Noone is interested, if he is lucky enough to "win it back" or even derive more bad habits from his misbehavior.
Sooner or later such gamblers will be wiped out. And that is exactly, what they show with the liquidation.

Reply With Quote
The following 15 users say Thank You to choke35 for this post:
 
(login for full post details)
  #364 (permalink)
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,692 since Feb 2012
Thanks: 3,475 given, 2,835 received


choke35 View Post

4. is even more dangerous in the long run: There is no pain, there is no questioning of your behavior, no wake-up call by the market. So there is no reason to pause for a moment and learn. Routinely people mix up the luck they had with systematic, reproducible trading, and develop bad habits.


When a trader falls below the DLL, he violated the system.
Noone is interested, if he is lucky enough to "win it back" or even derive more bad habits from his misbehavior.
Sooner or later such gamblers will be wiped out. And that is exactly, what they show with the liquidation.

I would suggest being less harsh on yourself. Truly loving yourself. True discipline comes from the bedrock of humility, knowing your place, and making courageous decisions inspite of knowing how heavily the odds are stacked against you. Then when you truly acquire a mindset of a trader and follow your system, CONTINUE DOING THAT. I try not to boast in these forums. The moment I do I go and kill myself the very next day because I've inflated a balloon that feels like permananent but bursts sooner than later. I am speaking for myself here, not targeting anyone, just to be clear.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #365 (permalink)
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received

some notices


matevisky View Post
... 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...

hello Máté,

all my respect to your thread, its really worth reading your journery.
I have failed some combines aswell, will start again in january.

My points you may want to consider:
- trading 2 markets parallel means 50% processing power for each, do you really think trading only 1 market doesn't give you enough opportunity to trade well?

- please focus on the porcess, dont count any usd. Thats the by-product if you make right decisions. As my teacher said: manage the risk first, the profit will follow

Enjoy the rest of holidays and prepare for an amazing 2015

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to fofo for this post:
 
(login for full post details)
  #366 (permalink)
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 633 given, 1,531 received

Tick data needed for backtest

Sorry guys. I am not checking this thread till new year. I am focusing to my family and xmas, and other stuffs. I am not trading, but I am still here dont worry. I have been started programing again. No real reason only for fun. I made a quick robot in 1 day. It is kind of stupid theory nothing extra really. Just for fun and experimenting how the market is random, and not random. There is no holy grail ofc, but the strategy is looking fun. Only trouble to get backtest data. I have elit account, and I would needed YM for backtesting this stuff. I have data only for 2013, so if someone could help me out, that would be great.

I am new in this stuff, so it is really just to get back my programing skill a bit:P




ps: Happy new year

Máté
Full time traderLive journal here
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to matevisky for this post:
 
(login for full post details)
  #367 (permalink)
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 633 given, 1,531 received

Really need historicals

I made some further adjusment (nothing big, just a main logic, to skip the trades against the trend), and here is the final version. 2.39 profit factor seems unrealistic, so I need historicals...

Máté
Full time traderLive journal here
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to matevisky for this post:
 
(login for full post details)
  #368 (permalink)
Bakersfield, CA USA
 
Experience: Intermediate
Platform: Sierra Chart
Trading: Bonds, YM
 
OKshunalTrader's Avatar
 
Posts: 271 since Sep 2013
Thanks: 255 given, 145 received


matevisky View Post
Thank you for @TopstepTrader support to correcting the reports, here is the final one (There is crude and NQ trades, but all those BEs doesnt really matters)

Congats on the combine win.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to OKshunalTrader for this post:
 
(login for full post details)
  #369 (permalink)
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 633 given, 1,531 received


matevisky View Post
I made some further adjusment (nothing big, just a main logic, to skip the trades against the trend), and here is the final version. 2.39 profit factor seems unrealistic, so I need historicals...

Oke,

Issue resolvd, I have minute data, with historical download with ninjatrader... It is enough for the playground.

Máté
Full time traderLive journal here
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #370 (permalink)
Budapest, Hungary
 
Experience: Intermediate
Platform: SierraChart
Trading: CL, ZB
 
Posts: 46 since Oct 2013
Thanks: 17 given, 47 received


Hi Máté,

hows your trading going?

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to fofo for this post:


futures io Trading Community Trading Journals > Mergodon TopSteptrader Live Account Journaling


August 8, 2016


Upcoming Webinars and Events
 

Free BloodHound Licenses for everyone!

June
 

Every journal equals ten meals for the hungry

June
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts