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Mergodon TopSteptrader Live Account Journaling
Started: by matevisky Views / Replies:56,131 / 446
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Mergodon TopSteptrader Live Account Journaling

  #361 (permalink)
Hi Mom!
Bridgeport, Ct
 
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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.


Last edited by TheShrike; December 23rd, 2014 at 09:52 PM. Reason: misspellings
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  #362 (permalink)
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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.

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  #363 (permalink)
Market Wizard
Germany
 
Futures Experience: Intermediate
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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.

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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.

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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.


Last edited by choke35; December 24th, 2014 at 06:22 AM.
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  #364 (permalink)
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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.


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  #365 (permalink)
Elite Member
Budapest, Hungary
 
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some notices

Futures Edge on FIO

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

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  #366 (permalink)
Mate
Budapest, Hungary
 
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Favorite Futures: NQ, TF, YM
 
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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

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ps: Happy new year

Máté
Full time traderLive journal here
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  #367 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
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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...
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Máté
Full time traderLive journal here
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  #368 (permalink)
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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.

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  #369 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
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Broker/Data: TopstepTrader
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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...
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Oke,

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

Máté
Full time traderLive journal here
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  #370 (permalink)
Elite Member
Budapest, Hungary
 
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Favorite Futures: CL
 
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Hi Máté,

hows your trading going?

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