NexusFi: Find Your Edge


Home Menu

 





Mergodon TopSteptrader Live Account Journaling


Discussion in Trading Journals

Updated
      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 120,400 views
    2. thumb_up 1,759 thanks given
    3. group 75 followers
    1. forum 446 posts
    2. attach_file 166 attachments




 
Search this Thread

Mergodon TopSteptrader Live Account Journaling

  #41 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
Thanks Given: 633
Thanks Received: 1,533


Pedro40 View Post
Ok, thanks for the correction, I think I remembered wrong and it is not the DLL, but the max. loss what can be crossed as long as you don't close the trade. Of course that was a year or so ago, so they might have fixed it (it never made sense)...

Basicly here is how it worked:

You got close both to your DLL and max. loss let's say at half of your Combine. (Let's say -490 for the day and -1450 for the Combine) It is very hard to get away from there, thinking you can not go below it, basicly you need a trade that never goes against you. But if you know that you can actually go below the max. loss, you just had to stop for that day, and the next day you still had the DLL as your max. loss for the day, and you could take a trade that initially went against you, as long as it came back and you closed it above the max. loss. So everything wasn't lost and there was a chance that you can make it back to breakeven and save the Combine...

So technically, the real max. loss was max. loss + DLL. In case of the 30K it is 2K instead of $1500...

I fully agree with you. I dont want to give me any chance in the future to get close into the combine DLL or weekly Loss Limit, or Trailing Loss limit. Basically the combine is ideal for scalping systems. Ofc everything is about R/R calculation, but in case of scalping, you are playing with smaller Risk.

Getting back to my point, and doing the analysis, I have to be supercarefull. At the end I think it is better for me than worse, at least based on the backtesting of different timeslots in MarketReplay mode

Máté
Full time trader Live journal here
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
ZombieSqueeze
Platforms and Indicators
Deepmoney LLM
Elite Quantitative GenAI/LLM
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
23 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #42 (permalink)
LogicalTrader
Houston, TX
 
Posts: 294 since Aug 2013
Thanks Given: 1,420
Thanks Received: 757


Pedro40 View Post
Ok, thanks for the correction, I think I remembered wrong and it is not the DLL, but the max. loss what can be crossed as long as you don't close the trade. Of course that was a year or so ago, so they might have fixed it (it never made sense)...

I believe this is still the case. You could be below your max drawdown and as long as you havent crossed your DLL, you can still trade and try to get back above the max DD to live another day. So technically, you could start your day with max DD at -1490 and still be able to trade until you hit your DLL. If you close your day below max DD, obviously you are done.

Reply With Quote
  #43 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
Thanks Given: 633
Thanks Received: 1,533



LogicalTrader View Post
I believe this is still the case. You could be below your max drawdown and as long as you havent crossed your DLL, you can still trade and try to get back above the max DD to live another day. So technically, you could start your day with max DD at -1490 and still be able to trade until you hit your DLL. If you close your day below max DD, obviously you are done.


Good to know

Máté
Full time trader Live journal here
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #44 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379

4 days and no update, hm...

Reply With Quote
Thanked by:
  #45 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
Thanks Given: 633
Thanks Received: 1,533

Send the update this weekend. I was doing some statistic, and grabed 3hundres today. I am not proud for it but it was decent. Till next week i hope i will have the full analysis around the YM and will able to trade better confident. Not burned my tst yet

Máté
Full time trader Live journal here
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #46 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
Thanks Given: 633
Thanks Received: 1,533


Máté
Full time trader Live journal here
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #47 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
Thanks Given: 633
Thanks Received: 1,533

1 missed nice entry... some try to reversal, than just swim with a swarm...

Máté
Full time trader Live journal here
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #48 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
Posts: 564 since Jan 2013
Thanks Given: 33
Thanks Received: 379

So is it safe to assume that your 3rd Combine failed too? I like closures....

Reply With Quote
  #49 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
Thanks Given: 633
Thanks Received: 1,533

Long time, to post to here, but I think it is worth to do it. After more than 18 combine trial, I finally made it. I have been finished a continues combine in 13 days. You can call it luck, but this is not luck ofc. Here is a quick excel graphic around my trials:


You can see, most of the cases, I didnt even hit the 50% profit target, and my winning days was around 60%. In this combine I had 1 day loosing all the other are winners. I have to say that, I have been changed a lot. Thx for the pratice, and thx for the combine rules, and opportunity.

I have been learnt a lot from different sources, but my basic strategy, is attached to Horst. I have been many trading rooms, but at the end I have learnt, you need patient to let the trade win or loose, and you have to w8 for a perfect entry (based on any stratetegy, you can get a clear signal from the market only 5% of the time, so you have to wait)

Also I have been tried lots of indicators, bought lots of others, but at the end I have been stayed at Horst MacdBB style. Not because that is perfect, simply because I have been studied that the most.

I have to say at the end the biggest challange was to trade YM, insted of the TF. In the combine you are not allow to trade TF, you have to do it with YM. Horst trades almost only TF, and there are small, but very strong difference between the 2 instrument. I was a lots of headache about handling trends, and support and resistence level, but at the end I have find a good method to do so, so I am confident.

The hardest part was the end of the combine. I have broken my rules and I have moved the SL too soon, in the last 2 days, so It would have been done sooner ofc.

Anyhow here is some proof:



Last day of the report was not calculated yet, and there are some error on oct 6th, but not a big one (it was a very small winner anyway).

And my advice about trading is same what is @Big Mike is always saying, learn learn learn, because you can do anything, but at the end you have to be successfull, and you can be happy or angry only to yourself!

And some funny fact:
- I have been lost 20kg during this 1 year journey. Need more to lose but I am running every day, to maintain consistency, and clean my head from stress
- I have been stopped smoking. I was not a big smoker, but I do smoke during trading. I do not do it at all
- I am spending more time with my family than ever
- And ofc I have been spent a lots of money to trainings, indicators, trading rooms, accounts etc...

Máté
Full time trader Live journal here
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #50 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
Thanks Given: 633
Thanks Received: 1,533


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)

Anyhow I am waiting the TopSteptrader scout team feedback We will see what the future will give us soon...

Máté
Full time trader Live journal here
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:




Last Updated on August 8, 2016


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts