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TST Combine Journal for Bsinks
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TST Combine Journal for Bsinks

  #21 (permalink)
Elite Member
Lehrte, Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: PTP / Rithmic
Favorite Futures: NQ
 
Daytrader999's Avatar
 
Posts: 1,159 since Sep 2011
Thanks: 1,137 given, 1,565 received


Bsinks View Post
ok blew the account today.....got a little greedy I guess trying to recover from a loosing trade....I'm not going to enter another combine......while the TST platform is great and has a excellent community....I think I will trade the ACD method on my live account......With sim and combine trades I profited over $4,000 using this system, I was well over 80%....so instead of spending another month in the combine I feel that I can spend that time on my live account doing exactly what I have been doing in the combine.......I will never risk more than 5% of my account

I really know how you feel and how disappointed you are because I've been there and done that.
I managed to blow a $150k combine on day 19...and the worst thing was that I killed my pretty good chance to get a rollover as well.
So, I'd suggest to step back from trading for a while and take your time to recover mentally...and after that, I'd bet that you will take another combine just because YOU know that YOU can make it !

BTW, IMHO risking 5% of your account capital on a single trade is too much risk...I'd suggest to exposure no more than 2%, but that's only me.

However, I wish you best of luck on your ongoing journey.

"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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  #22 (permalink)
Elite Member
Wichita Falls TX/United States
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Soybeans, Crude, Natural Gas
 
Bsinks's Avatar
 
Posts: 80 since Dec 2013
Thanks: 36 given, 65 received

Thanks guys.......I had just forgot that even though I had a stop.....the combine will close your trade if you hit the 500$ daily limit automatic ......the trade did end up hitting my target......so I'm not down or even up set.....I know the trade was a winner and I was so sure, that I took it again on my live account and made about a $120.

There will all ways be looser's on any strategy. I'm very confident with the ACD method. Besides it was going to cost me about $400 a month just to trade the instruments that I like to trade.

Once again the TST program is great place to hone your skills and learn......and the community is awesome. Perhaps later on I will enter a custom combine that better fits the way I trade.....but for now I feel that I can add a few thousand to my live account and trade the ACD method successfully.

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  #23 (permalink)
Elite Member
Lehrte, Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: PTP / Rithmic
Favorite Futures: NQ
 
Daytrader999's Avatar
 
Posts: 1,159 since Sep 2011
Thanks: 1,137 given, 1,565 received



Bsinks View Post
Thanks guys.......I had just forgot that even though I had a stop.....the combine will close your trade if you hit the 500$ daily limit automatic ......the trade did end up hitting my target......so I'm not down or even up set.....I know the trade was a winner and I was so sure, that I took it again on my live account and made about a $120.

IMHO TST doesn't close your trade and / or combine if you hit your daily loss limit during a trade, but only if you close your trade and hit your DLL....that sounds strange since I hit my DLL during a trade as well but managed to close it way above my DLL...

"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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  #24 (permalink)
Elite Member
Wichita Falls TX/United States
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Soybeans, Crude, Natural Gas
 
Bsinks's Avatar
 
Posts: 80 since Dec 2013
Thanks: 36 given, 65 received

no it closed it.......I'm sure

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  #25 (permalink)
Elite Member
Johor, Malaysia
 
Futures Experience: Beginner
Platform: Sierra Chart
Favorite Futures: CL, GC
 
Posts: 167 since Oct 2013
Thanks: 1,010 given, 151 received


Daytrader999 View Post
IMHO TST doesn't close your trade and / or combine if you hit your daily loss limit during a trade, but only if you close your trade and hit your DLL....that sounds strange since I hit my DLL during a trade as well but managed to close it way above my DLL...

I believed the same too. Only if you CLOSE that losing position, and take the loss, making you hit your DLL.

Maybe you ought to post on AMA topstep and get an answer. You are so close to the finishing line. Sorry bout that.


mykee

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  #26 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
Futures Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
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Posts: 1,036 since May 2012
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mykee View Post
I believed the same too. Only if you CLOSE that losing position, and take the loss, making you hit your DLL.

Maybe you ought to post on AMA topstep and get an answer. You are so close to the finishing line. Sorry bout that.


mykee

It may be platform dependent. For example I know for a fact that if you're using Sierra, the platform will close your position for you if you reach your limit. So if your daily stoploss has been reached but you're still in a trade that hasn't yet reached your stop loss for that trade,...you will be forcefully taken out of the trade. I wouldn't be surprised if Ninja is the same.

Not sure about T4.

Diversification is the only free lunch
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  #27 (permalink)
Elite Member
Mumbai, India
 
Futures Experience: Advanced
Platform: ChartNexus
Favorite Futures: Stocks, Commodities, Futures
 
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Posts: 1,659 since Feb 2012
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Bsinks View Post
Still no loosing days...... 3 days left in the combine....$297 away from target

Great going!

All the best!

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  #28 (permalink)
Elite Member
Mumbai, India
 
Futures Experience: Advanced
Platform: ChartNexus
Favorite Futures: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,659 since Feb 2012
Thanks: 3,312 given, 2,719 received


Bsinks View Post
Still no loosing days...... 3 days left in the combine....$297 away from target

Great going!

All the best!

EDIT: Hadn't read the latest updates. @Bsinks, the DLL is the only thing you can control, unlike what the market does.

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  #29 (permalink)
Elite Member
Johor, Malaysia
 
Futures Experience: Beginner
Platform: Sierra Chart
Favorite Futures: CL, GC
 
Posts: 167 since Oct 2013
Thanks: 1,010 given, 151 received


DarkPoolTrading View Post
It may be platform dependent. For example I know for a fact that if you're using Sierra, the platform will close your position for you if you reach your limit. So if your daily stoploss has been reached but you're still in a trade that hasn't yet reached your stop loss for that trade,...you will be forcefully taken out of the trade. I wouldn't be surprised if Ninja is the same.

Not sure about T4.

Ahhh.... You are probably right. I'm using T4.

mykee

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  #30 (permalink)
Elite Member
Denmark
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL
 
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Posts: 82 since Jan 2014
Thanks: 1,002 given, 143 received


With 3 days to go in my latest combine I was unable to reach the winning pct goal,so I decided to just jerk around a bit. I hit my max trailing drawdown during a trade,but it wasn't closed immediately.

I'm also using T4.

On the last 2 days I managed to get it back in the green . The psychological aspect is so important. Just thinking about that winning pct made me hesitate to take trades. When it was no longer a concern I could trade freely.

A bit to go before I can pass one ,but I won't give up

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