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The Pandawarrior Chronicles II


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The Pandawarrior Chronicles II

  #211 (permalink)
In the heat
 
Experience: None
Platform: Tradeovate
Trading: Energy
 
PandaWarrior's Avatar
 
Posts: 3,162 since Mar 2010
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Anna K View Post
due to Panda's request, I've deleted my post. It's his journal after all. I tried, but sometimes truth doesn't matter, peace does. Best to all.

Thank you @Anna K, I appreciate it. Truth matters but this isn't a war and I'm not fighting.....its not worth it.....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris

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  #212 (permalink)
In the heat
 
Experience: None
Platform: Tradeovate
Trading: Energy
 
PandaWarrior's Avatar
 
Posts: 3,162 since Mar 2010
Thanks: 6,324 given, 13,367 received

Yesterday's Report


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #213 (permalink)
Miami, fl
 
Experience: Intermediate
Platform: TradeStation
Trading: Es
 
Posts: 507 since Jan 2014
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Panda, impressive turnaround in your combine. Btw, did you notice that your 2 biggest losing days came on the days when CL was in a tight and congested range? If you can somehow catch and eliminate those...

Are you planning to do another combine?

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The following 3 users say Thank You to Anna K for this post:
 
  #214 (permalink)
In the heat
 
Experience: None
Platform: Tradeovate
Trading: Energy
 
PandaWarrior's Avatar
 
Posts: 3,162 since Mar 2010
Thanks: 6,324 given, 13,367 received


Anna K View Post
Panda, impressive turnaround in your combine. Btw, did you notice that your 2 biggest losing days came on the days when CL was in a tight and congested range? If you can somehow catch and eliminate those...

Are you planning to do another combine?

Those losses had more to do with my poor state of mind than anything else. I was not in a good place mentally...my dad had just been diagnosed with cancer which I noted in the journal on those days....

I'm not done with this combine yet....and if I don't win but roll it over, of course I will....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #215 (permalink)
Super Moderator
Portland, Oregon
 
Experience: Intermediate
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PandaWarrior View Post
Those losses had more to do with my poor state of mind than anything else. I was not in a good place mentally...my dad had just been diagnosed with cancer which I noted in the journal on those days....

I'm not done with this combine yet....and if I don't win but roll it over, of course I will....

Nicely done. Good luck!

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  #216 (permalink)
BOSTON, MA
 
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Trading


PandaWarrior View Post


Hi Brian,

I have the highest respect for traders who try TST combine per their rules. The way daily stop loss limit is set for these combines puts traders practically in a straight jacket but as Big Mike said ' It's their money so one has to follow their rules"
My only recommendation will be to keep numbers of contracts traded for the day on the low side.

It's amazing by itself that you been able to continue combine while dealing with your dad health issues.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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Last edited by mfbreakout; November 25th, 2014 at 12:22 PM.
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  #217 (permalink)
In the heat
 
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Posts: 3,162 since Mar 2010
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mfbreakout View Post
Hi Brian,

I have the highest respect for traders who try TST combine per their rules. The way daily stop loss limit is set for these combines puts traders practically in a straight jacket but as Big Mike said ' It's their money so one has to follow their rules"
My only recommendation will be to keep numbers of contracts traded for the day on the low side.

It's amazing by itself that you been able to continue combine while dealing with your dad health issues.

I wholeheartedly agree....especially the ten day combines are designed for failure in my view....essentially you must start small and since the daily stop doesn't increase as you add to it, you are forced to either scalp a certain number of ticks every day, trade all day long or take unreasonable risk with larger size and hope things go your way early on. Otherwise you are screwed....

The continuous combine on the other hand makes more sense, you can simply trade smaller size for a longer time period and take more reasonable risk doing it.....but I won the ten day combine and so that's what I'm trading....

No trades today as I did not get a valid signal I could reasonably take....even though last night I KNEW I would be short this morning....but price went up instead of down and so I waited until I could get a "counter trend" signal on the 5M chart and just as I was getting ready to hit the button short, it exploded down....I missed all of it.....but oh well, there's tomorrow.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #218 (permalink)
Budapest+Hungary
 
 
Posts: 151 since Aug 2014
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PandaWarrior View Post
No trades today as I did not get a valid signal I could reasonably take....even though last night I KNEW I would be short this morning....but price went up instead of down and so I waited until I could get a "counter trend" signal on the 5M chart and just as I was getting ready to hit the button short, it exploded down....I missed all of it.....but oh well, there's tomorrow.

I also "felt" I should go short.. And I did, but check this: it took my stop, and turned on it exactly, then began the fall..
As you wrote, there's tomorrow.
I never wrote in your thread before, but I have to say, I really appreciate your thoughts, they resonate deeply in me every time. Even my Dad had cancer..
Keep up the great thread, I guess lots of us are with you in your journey.

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  #219 (permalink)
Miami, fl
 
Experience: Intermediate
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PandaWarrior View Post
Price is trading in a 50 tick range all night. Its short but coiled up pretty tight and a long could materialize.

Tried three times to be short, on the second attempt, I shorted a single lot, then added to it on each subsequent bar. It went +40 on the original short and and when I added on the pull back, the entire thing stopped out. I then tried to be short at the double top area, shorted the inside bar and was stopped out. Three shots, all failures.
One last shot at the shorts as it breaks the trend line.....two lots....looking for around 90 ticks to the lower short target area.

It's been a range day for the most part, no trending follow through to speak of.

Brian, I didn't know about your dad, so all the best to you and your family.

Btw, above is what you said about the day on the 12th, still seems to me like congestion did play some part in your trading on that day, but obviously you know yourself best.

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  #220 (permalink)
Super Moderator
Portland, Oregon
 
Experience: Intermediate
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Trading: GBU-39
 
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Posts: 6,148 since Sep 2013
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mfbreakout View Post
Hi Brian,

I have the highest respect for traders who try TST combine per their rules. The way daily stop loss limit is set for these combines puts traders practically in a straight jacket but as Big Mike said ' It's their money so one has to follow their rules"
My only recommendation will be to keep numbers of contracts traded for the day on the low side.

It's amazing by itself that you been able to continue combine while dealing with your dad health issues.

A note for other traders that total of contracts traded is on both sides. In and out.

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