Bedhog's 11.11 TopstepTrader Combine Journal - futures io
futures io



Bedhog's 11.11 TopstepTrader Combine Journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one bedhog with 11 posts (19 thanks)
    2. looks_two iqgod with 2 posts (3 thanks)
    3. looks_3 bobwest with 1 posts (1 thanks)
    4. looks_4 Quick Summary with 1 posts (0 thanks)
      Best Posters
    1. looks_one bedhog with 1.7 thanks per post
    2. looks_two iqgod with 1.5 thanks per post
    3. looks_3 bobwest with 1 thanks per post
    4. looks_4 mykee with 1 thanks per post
    1. trending_up 2,939 views
    2. thumb_up 24 thanks given
    3. group 9 followers
    1. forum 17 posts
    2. attach_file 28 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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
 

Bedhog's 11.11 TopstepTrader Combine Journal

(login for full post details)
  #1 (permalink)
 bedhog 
Chicago
 
Experience: Intermediate
Platform: Sierra Chart, ThinkOrSwim
Broker: Sierra Chart, Sierra Chart Data Feed, Topsteptrader/Rithmic
Trading: NQ
 
Posts: 12 since Jan 2011
Thanks: 7 given, 22 received

11/11/14
Today I am resetting a $100K TopstepTrader Combine.

I put on a bright green shirt and bright green underwear to celebrate this latest turning point. This turning point is about risk-control and keeping an acceptable K ratio.

The only thing we can control as traders is our risk. If we trade out of control, then we cannot perform proper risk-management. This is known as the DIY-LOBOTOMY and shared by Dr. Alan Watkins in his 2 TED Talks called “ Being Brilliant Every Day”. Physiology and self-awareness of physiology can keep us focused and trading with proper risk-control. Thanks to Viraj for posting this video in TSTSquawk and to the company that makes the heart-rate watch that I’m now wearing. I have discovered that when my heart-rate is above 90bpm, I cannot focus on a single trade idea, and repeatedly throw down trades in both directions. I HAVE DECIDED TO STOP TRADING WHEN MY HEART RATE IS ABOVE 90BPM.

There are 390 minutes between 8:30am and 3:00pm. Why try to put on all of your trades in the same 15 minutes? If you are wrong 2-3 times in the same location and getting slapped around… STOP and REFLECT on the trade. You are beginning to lose focus on the original trade-idea. WAIT and put on a new trade in a new trade location.

Today is Veterans Day and a bank holiday with no USD market news. My expectation was for a rotational day that stayed inside the previous day high/low with no wild swings.

Something odd happened. I shared my trading plan in a live-trading-room where I teach. The plan called to buy /NQ below value for a run back to the middle. One of the students remarked that the entry location looked “high”.

Eventually, price moved lower to my level, entered the trade location, reversed, and went on to make new highs at the end of the day. If I had bought /NQ at this trade location, and it kept falling to the area pointed out by my student, I would have been wrong. All I can figure out is that my ego protected itself from being wrong. This bias created a funk in my head that I could not shake. I did not take any trades today.

11/12/14
I exercised last night… 2nd day in a row after a long hiatus. Focused on eating whole foods that are high in nutrition for my brain. I read a book a while back called “ Grain Brain: The Surprising Truth about Wheat, Carbs, and Sugar--Your Brain's Silent Killers”. I’m on board with its contents.

My screens/alerts are setup for the Nasdaq 100. I like to trade the /NQ because Treydog999 confirmed that the NYSE-TICK is correlated to the E-Mini indexes beyond a random chance. Having the NYSE-TICK on-screen while trading is something I consider an edge. I like to watch for Tick Divergences as spelled out in John Carters book Mastering The Trade. The most influential trader I've studied with is Rob Hoffman (yes I was in the room during the big drawdown) and the most influential videos came from Charles Cochran here:
CN Futures Trading
Market Profile Part 1
Market Profile Part 2
Market Profile Part 3


I changed my mind to trade bigger size. I have been trading the $100K combine for some time now. My problem has not been massive losing trades, rather, many back-to-back small stopouts that grind the account to dust. When you trade small size and dig yourself into a hole, it is very difficult to get out of that hole with the same small size. I traded 1 lots and 2 lots for a very long time and to earn the kind of money I want, I made the decision to get comfortable trading size. Over the past several months, I've been trading 3-6 contracts and in the past 2 weeks, I've even thrown down a 9 lot on 2 occasions that worked out just fine. I'm going to start out slow and conservative until the account balance builds. Then I'll increase the leverage accordingly. I just learned last week that funded traders start out with a 2 lot... very disheartening to learn.

Why have I been struggling? Because I could not set firm rules for myself to stop trading and I would go into a tailspin. As of today, my primary focus is stopping when I'm wrong and waiting for another setup... that's it. That is how I'm going to pass this Combine. Kam Dhadwar spoke at TST recently and it resonated. Just like Alan Watkins said, no amount of self-talk will make you change your behavior. And now that I know its physiology, I have accepted that, and have backed away from the screen with no questions when my heart-rate runs high. Remember to breathe


A friend of mine referred me to a book called Turning Pro by Steven Pressfield. This book is not about trading. It is about EVERYTHING in your life. If you want to do something different, all you have to do is change your mind. Allow me to quote...

TURNING PRO IS FREE, BUT IT’S NOT EASY.

You don't need to take a course or buy a product. All you have to do is change your mind.

When we turn pro, we give up a life that we may have become extremely comfortable with. We give up a self that we have come to identify with and to call our own.

TURNING PRO IS FREE, BUT IT DEMANDS SACRIFICE.


The passage from amateur to professional is often achieved via an interior odyssey whose trials are survived only at great cost, emotionally, psychologically and spiritually. We pass through a membrane when we turn pro. It's messy and it's scary. We tread in blood when we turn pro.

WHAT WE GET WHEN WE TURN PRO.

What we get when we turn pro is we find our power. We find our will and our voice and we find our self-respect. We become who we always were but had, until then, been afraid to embrace and live out.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 8 users say Thank You to bedhog for this post:

Can you help answer these questions
from other members on futures io?
Multichart NET set signal parameters different than the …
MultiCharts
Anybody uses Bookmap with Tradestation?
TradeStation
Is there a way to rename an existing trade?
MultiCharts
PowerLanguage: change bars types, size and number of min …
MultiCharts
Anyone else using Overcharts? Theyre not very helpful
Trading Reviews and Vendors
 
Best Threads (Most Thanked)
in the last 7 days on futures io
How much do you know about Bitcoin?
109 thanks
I finally blew up an account
52 thanks
FIO Journal Challenge - April 2021 w/Jigsaw Trading
38 thanks
Big Mike in Ecuador
27 thanks
EdgeProX from Edge Clear
22 thanks
 
(login for full post details)
  #3 (permalink)
 bedhog 
Chicago
 
Experience: Intermediate
Platform: Sierra Chart, ThinkOrSwim
Broker: Sierra Chart, Sierra Chart Data Feed, Topsteptrader/Rithmic
Trading: NQ
 
Posts: 12 since Jan 2011
Thanks: 7 given, 22 received


I have 4 displays attached to a Core i7 computer. This is my main display. The focus is primarily on ask/bid delta. With the help of Sierra Chart spreadsheets and the user community at the Sierra Chart support board, I've been able to implement my own version of Prometheus. i.e. it displays the net change in ask/bid delta after a trade is opened and gives an audio alert when delta moves +- 200, for or against, my position. The thread for this code is over here:

Attached Thumbnails
Click image for larger version

Name:	14.11.12.bedhog.primary.trading.screen.png
Views:	128
Size:	149.8 KB
ID:	165598  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to bedhog for this post:
 
(login for full post details)
  #4 (permalink)
 bedhog 
Chicago
 
Experience: Intermediate
Platform: Sierra Chart, ThinkOrSwim
Broker: Sierra Chart, Sierra Chart Data Feed, Topsteptrader/Rithmic
Trading: NQ
 
Posts: 12 since Jan 2011
Thanks: 7 given, 22 received

Day 2 Trade 1:

I spotted Settlement as a target and drew a line 20t below Settlement and determined that would be my long entry. I entered the trade at 4177.00 @ 09:03:26 and immediately took 12t of heat with no mfe. The bid dropped out from under me, but the sellers did not come in. Prometheus kept me in the trade because it showed there were only -45 deltas against the position. I will punch out of the trade at -200 deltas against me as a mechanical rule. As the trade came back to my entry I added 1 at 4176.75 @ 09:05:32. I have heard Hoag say that -1t or -2t is acceptable for an add and is not considered adding to a loser. I知 sticking with it. I took off both contracts in front of Settlement at 4182.00 @ 09:08:30 and netted +40t all-in. <see attached> My heart rate went over 100 on this trade. I must have been holding my breath. I knew to stop trading after this one and take a break.

Day 2 Trade 2:

This trade was a jump the creek on Monday痴 Cash Session High. We got above 4188.00 on strength to 4191.25 and pulled back to 4188.00. I waited for price to stop going down, and for the deltas to turn up. When the deltas went purple, and the price chart ticked purple, I did a buy limit on the bid and got filled at 4189.25 @ 11:17:05 CST. I had a 20t target and a 30t catastrophic stop. I took 5t of heat before even getting 1t of mfe. No big deal. However, 5 minutes passed, and then price moved +5t in my favor. The clock was still ticking and I thought, man this better start moving or I知 out. I moved the stop to Entry+1 and scratched it out at 4189.50 11:24:01 CST. Time to sit on hands and reflect. <see attachment>

Day 2 Trade 3:

This trade entry was very clean and precise with only 1t of heat. I entered after a fast move of increasing delta and then waited for a pullback in the NYSE-TICK. The entry was a buy limit 1 @ 4188.25 14:12:46 CST. Hmmm, same as the 2nd trade. The clock was still ticking and I thought, man this better start moving or I知 out. I moved the stop to Entry+1 and scratched it out at 4188.50 14:16:35 CST. <see attachment> Price went on to hit my target of 4193.00 without going any further than my stop.

The 3rd trade was in a good location and was not a bottom catch. I moved the stop up because a) I already had a winning day, b) I was unwilling to accept the risk of a full stop and c) I知 used to doing that because historically, I致e been chasing bottoms which required me to keep a tight stop. I suspect I値l learn to leave my stop in place now that I知 trading in better locations. It will take some time to unlearn the behavior.

Summary: Ended up +$200.28 all in.
Entry Mistakes: None All according to plan, no impulsive trades.
Exit Mistakes: Some. Unwilling to accept the risk. Wanted to keep a winning day.

Attached Thumbnails
Click image for larger version

Name:	bedhog-day2-trade1.jpg
Views:	91
Size:	227.6 KB
ID:	165688   Click image for larger version

Name:	bedhog-day2-trade2.jpg
Views:	67
Size:	154.3 KB
ID:	165689   Click image for larger version

Name:	bedhog-day2-trade3.jpg
Views:	63
Size:	340.6 KB
ID:	165690   Click image for larger version

Name:	bedhog11.12.dashboard.jpg
Views:	85
Size:	144.8 KB
ID:	165772  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to bedhog for this post:
 
(login for full post details)
  #5 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received


bedhog View Post
11/11/14
Today I am resetting a $100K TopstepTrader Combine.

I put on a bright green shirt and bright green underwear to celebrate this latest turning point. This turning point is about risk-control and keeping an acceptable K ratio.

The only thing we can control as traders is our risk.

Rather like Chicago on St. Patrick's day?

I have subscribed to this thread and wish you all the best!


Thank My New Journal https://futures.io/trading-journals/56579-just-being-trader-letting-go.html
Please visit and thank individual posts if you feel they are / will be serving some purpose for someone! Remember: Gratitude begets gratitude!
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)
  #6 (permalink)
 bedhog 
Chicago
 
Experience: Intermediate
Platform: Sierra Chart, ThinkOrSwim
Broker: Sierra Chart, Sierra Chart Data Feed, Topsteptrader/Rithmic
Trading: NQ
 
Posts: 12 since Jan 2011
Thanks: 7 given, 22 received

Summary: 2-0-0 +22t $110.28 all-in

Well rested and well fed. Opened the charts at 7am for an 8:30am start (CST)

Day 3 Trade 1:
The first trade was a robot long setup. I traded a 1 lot with entry at 4208.75 @ 8:44:10 and took 2t of heat. Exit at 4212.00 @ 8:45:26

I have programmed Sierra Charts using my own indicators and robot setups. In the attached image, you can see the purple box in the bottom left corner of the price window. That is my key to watch for a long setup. I waited for bid to hold and for the colors of both price and delta to transition from white to purple.

I'm trading small size because I want to get my account balance up before throwing down a lot of risk. All of the prior combines went negative quickly after being started and *never* got back to scratch.

After this trade, I had a bout of euphoria and decided to just sit it out for a while. Euphoria will cause just as many problems as fear.

One of my trading buddies logged into the room and we discussed charts. I was only looking for longs in NQ today and he said his charts were beginning to roll-over and indicate short. Well, that was it for me. I've had many trading buddies in the past and I used to fade them and keep doing my own thing. That never really panned out so good. I turned off my monitors and came back in the afternoon.

Day 3 Trade 2: "The Reprieve"

At 1:47pm cst the delta came out of NQ. At 1:57pm the delta was still selling hard and price was hovering above the 1m opening range. Delta pushed again and price fell 6t to the Overnight Volume Area High, and stopped 2 ticks above the 8:30am open. WELL BID WAS HOLDING and whoosh, up we went blowing out the short stops.

I watched price run higher until it hit 4211 at 2:07pm.

I took a 3 lot long jump the creek trade on the overnight point of control (tpo midpoint). The ladder looked jumpy and buyers were coming back strong into the delta. Entry was 4210.50 @ 2:10:45 cst. I got 2t of mfe and ultimately took 99t of heat. Entry mistakes: none. Exit mistakes: yes. I did not punch out at -200 delta as I said. My ego did not want to take a losing trade. I watched price drop all the way back to the opening range high with my 3 lot and I thought, don't punch out here, you've punched out on lows before only to get a bounce. This is a huge mistake for me. I almost always punch out of trades that do not move in my favor rather quickly. What is the point? So anyway I've got some reflecting to do. This was the most heat I've taken since I can remember. The thoughts running through my head were about everything except the trade. "what will my peers think?" "I'll have to post an 'expense' (loss) in the big mikes blog." At this moment, as I write this, I'm questioning whether this blog was the right thing to do. Sorry gang. The moment I'm trading for the sake of what others think will be my downfall. I'll see what I can do to keep this thread going.

Wyckoff Schematics: Visual templates for market timing decisions Jump The Creek, Break The Ice. These 2 setups are essentially moving from Balance to Imbalance. Enjoy.

Attached Thumbnails
Click image for larger version

Name:	bedhog-day3-trade1.jpg
Views:	79
Size:	183.3 KB
ID:	165897   Click image for larger version

Name:	bedhog-day3-trade2-the-reprieve.jpg
Views:	68
Size:	468.0 KB
ID:	165898   Click image for larger version

Name:	bedhog.11.13.dashboard.jpg
Views:	95
Size:	143.1 KB
ID:	165933  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #7 (permalink)
 treydog999 
seoul, Korea
 
Experience: Intermediate
Platform: Multicharts
Broker: CQG, DTN IQfeed
Trading: YM 6E
 
treydog999's Avatar
 
Posts: 896 since Jul 2012
Thanks: 291 given, 1,028 received

Great to see you have a journal. Its been a long time since we have talked. I cant believe you found me on here. HAHAHA. Good luck as always.

Reply With Quote
 
(login for full post details)
  #8 (permalink)
 bedhog 
Chicago
 
Experience: Intermediate
Platform: Sierra Chart, ThinkOrSwim
Broker: Sierra Chart, Sierra Chart Data Feed, Topsteptrader/Rithmic
Trading: NQ
 
Posts: 12 since Jan 2011
Thanks: 7 given, 22 received

Summary: 2-3-2 -9t -$85.00 all-in

Everything was going fine today. I made 4 small trades in NQ and was up 16t including 1 scratch and my first loss in this combine for -9t.

I recall seeing gold down -$10 in the morning, and around 11:15am cst I saw that it was suddenly up $25. I switched charts to GC and took long trade. -8t. Then I took another long with a 2 lot and had 25t of mfe in a hurry. I moved the stop to entry and scratched it out. Then I took another -8t hit.

So what is the milestone you ask?

I threw my hands in the air and shutdown the computer.

I have NEVER shutdown and stopped trading with a loss of -$164.

This Combine is about stopping when I'm wrong, and 3 trades back to back in the same spot is how my tailspins begin. It was very annoying to shutdown, but I did it. As I write this, I'm still annoyed and it's Sunday night - Ha!

Keep the focus, keep making good trades, and pass this combine by eliminating mistakes.

Attached Thumbnails
Click image for larger version

Name:	bedhog-day4-trades234.jpg
Views:	59
Size:	381.0 KB
ID:	166149   Click image for larger version

Name:	bedhog-day4-trades456.jpg
Views:	62
Size:	391.0 KB
ID:	166150  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to bedhog for this post:
 
(login for full post details)
  #9 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received


bedhog View Post

So what is the milestone you ask?

I threw my hands in the air and shutdown the computer.

I have NEVER shutdown and stopped trading with a loss of -$164.


Congrats for acquiring The Most Important trait of a trader.

Cut em when they are tiny..


Thank My New Journal https://futures.io/trading-journals/56579-just-being-trader-letting-go.html
Please visit and thank individual posts if you feel they are / will be serving some purpose for someone! Remember: Gratitude begets gratitude!
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to iqgod for this post:
 
(login for full post details)
  #10 (permalink)
 bedhog 
Chicago
 
Experience: Intermediate
Platform: Sierra Chart, ThinkOrSwim
Broker: Sierra Chart, Sierra Chart Data Feed, Topsteptrader/Rithmic
Trading: NQ
 
Posts: 12 since Jan 2011
Thanks: 7 given, 22 received


Summary:
GC -150t -$1,497.00 all-in
NQ +82t +409.80 all-in


I was writing my journal last night around midnight and I was documenting the -16t expense in GC and how I had expertly walked away from the computer.

Then I noticed that gold was up $3.00 and from the back of my brain came Hubert's Good Night Gold trade. I don't even know the details of how he does this trade, but I started buying what appeared to be the 1st pullback after the run up. Well, to make a sad story short, I dug myself into a deep hole in GC.

This will clearly have to be corrected before the combine will pass the smell test. At this point I'm not angry, just annoyed. I have zero(0) doubt about my skills as a trader so I can get it back. I didn't feel anxious so it did not get shut down. Each trade was approximately an -8t stopout. What is the takeaway? That -8t is not a reasonable stop in GC.

I moved on to NQ at 08:30am. The easiest trade I've ever put on took place at 10:35:47 in NQ at 4193.50. Hoag calls this the cheap trade. I was risking -10t and only took 2t of heat. I came back from the kitchen to see price making a new low while delta was making a higher low. Price moves lower to shut off selling and this was perfect timing to be back in the hotseat. I put down my bowl of oatmeal threw the trade on with no hesitation. This trade was so intuitive, so easy. Held the trade for 50 minutes and had plenty of time to put away the oatmeal.

It takes a lot of screen time to identify setups in real-time. I will have been trading every day for 4 years in January. Here is what I saw.

1. Delta divergence with aggressive Ask Volume
2. The 10:30am E period was crossing back above the D period low (4193.00).
3. The low was Thursday's cash session low ( I carry forward 5 lows and 5 highs on the charts)
4. We were inside of Thursday's buying tail
5. We were just below Friday's buying tail
<see attached>

I'm pleased with how the NQ trading went, still annoyed with GC.

Thank you for the kind remarks iqgod, it will help me going forward. I collect nuggets like that and I'll remember what you've said.

Attached Thumbnails
Click image for larger version

Name:	bedhog-day5-trades1234567.jpg
Views:	60
Size:	313.3 KB
ID:	166288   Click image for larger version

Name:	bedhog-day5-trades891011121314.jpg
Views:	52
Size:	295.3 KB
ID:	166289   Click image for larger version

Name:	bedhog-day5-trades-15-22.jpg
Views:	55
Size:	293.2 KB
ID:	166290   Click image for larger version

Name:	bedhog-day5-trade22.jpg
Views:	58
Size:	437.1 KB
ID:	166291   Click image for larger version

Name:	bedhog11.17.gc.dashboard.jpg
Views:	83
Size:	147.6 KB
ID:	166293   Click image for larger version

Name:	bedhog11.17.nq.dashboard.jpg
Views:	83
Size:	161.8 KB
ID:	166294  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to bedhog for this post:
 
(login for full post details)
  #11 (permalink)
 mykee 
Johor, Malaysia
 
Experience: Beginner
Platform: Sierra Chart
Trading: CL, GC
 
Posts: 186 since Oct 2013
Thanks: 1,276 given, 187 received

hi Bedhog,

I'm also working on the combine, and 1 thing that I realised about myself is when I traded 2 kinds of instruments with diff characteristics....it messes with my mind. Sometimes GC treat me nice, sometimes, CL covers my butt. I thought with 2 counters, it increases my chances since I only need a little from GC and a little from CL. I was wrong. I couldn't really focus on trading either one properly. When GC shows an overall negative, behind my mind, I know I have to get it back to positive to fulfilled the "TST all product must be + requirement." So, I missed good opportunities in CL because I NEED to get GC back to positive. Just thought I share what I went through.

I would definitely like to trade more than 1 instruments in the future, but at the moment for the combine, I opt to trade only CL.

Best of luck for your combine.


mykee

Sleep well, Eat Healthy, Breathe...
Reply With Quote
The following user says Thank You to mykee for this post:
 
(login for full post details)
  #12 (permalink)
 bedhog 
Chicago
 
Experience: Intermediate
Platform: Sierra Chart, ThinkOrSwim
Broker: Sierra Chart, Sierra Chart Data Feed, Topsteptrader/Rithmic
Trading: NQ
 
Posts: 12 since Jan 2011
Thanks: 7 given, 22 received


mykee View Post
hi Bedhog,

I'm also working on the combine, and 1 thing that I realised about myself is when I traded 2 kinds of instruments with diff characteristics....it messes with my mind. Sometimes GC treat me nice, sometimes, CL covers my butt. I thought with 2 counters, it increases my chances since I only need a little from GC and a little from CL. I was wrong. I couldn't really focus on trading either one properly. When GC shows an overall negative, behind my mind, I know I have to get it back to positive to fulfilled the "TST all product must be + requirement." So, I missed good opportunities in CL because I NEED to get GC back to positive. Just thought I share what I went through.

I would definitely like to trade more than 1 instruments in the future, but at the moment for the combine, I opt to trade only CL.

Best of luck for your combine.

mykee

Thank you for the well wishes mykee.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #13 (permalink)
 bedhog 
Chicago
 
Experience: Intermediate
Platform: Sierra Chart, ThinkOrSwim
Broker: Sierra Chart, Sierra Chart Data Feed, Topsteptrader/Rithmic
Trading: NQ
 
Posts: 12 since Jan 2011
Thanks: 7 given, 22 received

Summary
GC +31t
NQ +4t
CL +20t
+53t + $526.60 all-in

Everything was wonderful and I have nothing out of the ordinary to report.

The first trade was at 07:31 cst and the last trade was at 11:22 cst. Satisfied with these spoils, I did not trade the rest of the day.

I use Market Profile as my road-map and a 25 tick chart with ask/bid delta to dial-in entries.

It is essentially reading tape, except I don't have to remember what just scrolled off the screen.

It is fascinating to see price rejecting a level of interest multiple times and then moving in your intended direction.

When I have my wits about me, I trade Balance to Imbalance which encompasses all of these Wyckoff setups:

Jump The Creek = balance to imbalance
Break The Ice = balance to imbalance
Spring = rejection below balance
Inverted Spring = rejection above balance

It's all here:> Wyckoff Schematics

Attached Thumbnails
Click image for larger version

Name:	bedhog-day6-entry-exit-times.jpg
Views:	74
Size:	125.5 KB
ID:	166419   Click image for larger version

Name:	bedhog11.18.cl.dashboard.jpg
Views:	73
Size:	140.0 KB
ID:	166420   Click image for larger version

Name:	bedhog11.18.gc.dashboard.jpg
Views:	67
Size:	149.7 KB
ID:	166421   Click image for larger version

Name:	bedhog11.18.nq.dashboard.jpg
Views:	86
Size:	169.2 KB
ID:	166422   Click image for larger version

Name:	bedhog-day6-trade1.jpg
Views:	68
Size:	198.8 KB
ID:	166424   Click image for larger version

Name:	bedhog-day6-trades2-3.jpg
Views:	56
Size:	442.6 KB
ID:	166425   Click image for larger version

Name:	bedhog-day6-trades4-5.jpg
Views:	64
Size:	216.2 KB
ID:	166426  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to bedhog for this post:
 
(login for full post details)
  #14 (permalink)
 bedhog 
Chicago
 
Experience: Intermediate
Platform: Sierra Chart, ThinkOrSwim
Broker: Sierra Chart, Sierra Chart Data Feed, Topsteptrader/Rithmic
Trading: NQ
 
Posts: 12 since Jan 2011
Thanks: 7 given, 22 received

Summary Before getting the bad fills

3 wins, 5 losses, 3 entry+1 scratches
+14t, +$71.40 all-in

I only wanted to go long today. But when we fell outside of balance, I caved in and took a short, and ended up covering on the lows at 4206.00. After re-tooling my brain to look for shorts, I unfortunately missed the long entry I had waited hours to bag.

This was followed by server-side errors at Rithimic/Topstep. TST cannot erase the bad fills, they can only erase the entire day. The first trade gave me +70t and the second trade gave me 83t. I had to report it as you cannot b.s. your way through life.

You'll notice that I'm really trying to dial-in these entries and am not willing to take any heat. If it goes against me right away, I just throw it out. If I take heat after immediately getting in, there is a better entry somewhere else. These types of entries should pop in my favor right away.

I'm pleased with how the day went... FOMC meeting and all.

Attached Thumbnails
Click image for larger version

Name:	bedhog-day7-trades1-13.jpg
Views:	69
Size:	373.3 KB
ID:	166589   Click image for larger version

Name:	141119.bedhog.entry-exit-times.jpg
Views:	62
Size:	375.1 KB
ID:	166590   Click image for larger version

Name:	bedhog-day7-trade11.jpg
Views:	41
Size:	245.4 KB
ID:	166591  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #15 (permalink)
 bedhog 
Chicago
 
Experience: Intermediate
Platform: Sierra Chart, ThinkOrSwim
Broker: Sierra Chart, Sierra Chart Data Feed, Topsteptrader/Rithmic
Trading: NQ
 
Posts: 12 since Jan 2011
Thanks: 7 given, 22 received

Summary:
NQ -358t, -$1,792 all-in

I outlined some short targets before the market open. When the market opened, I looked at the TOS Index Watch and saw the bulk of the Nasdaq 100 showing red.

Mistake: I developed a short bias and failed to adapt as the market moved higher.
Mistake: I continued to take short trades, regardless of my setups.
Mistake: I was increasing size trying to get back to even.
Mistake: I was trading what I felt and believed, not what I saw.

I no longer expect to pass this combine because I'll be trading not to lose.... fear of hitting trailing max drawdown.

What I can do differently?
Save TOS for options trading. I read tape and delta, of which, TOS has neither.
Trade what I see.
Define a hard rule - walk away or shut it down after 3 in a row.
My heart rate monitor was not above 90 today, no reason to quit right?

Attached Thumbnails
Click image for larger version

Name:	bedhog-day8-trades1-5.jpg
Views:	73
Size:	422.7 KB
ID:	166682   Click image for larger version

Name:	141120.bedhog.entry-exit-times.jpg
Views:	54
Size:	582.1 KB
ID:	166735  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #16 (permalink)
Stager
Ukraine Kiev
 
 
Posts: 10 since Feb 2012
Thanks: 17 given, 2 received

Hi bedhog,
I read about your mistakes.
especially the first
"Mistake: I developed a short bias and failed to adapt as the market moved higher."
Today the market was strong. I was looking to sell, but the market is only growing.
don't give up

Reply With Quote
 
(login for full post details)
  #17 (permalink)
 bedhog 
Chicago
 
Experience: Intermediate
Platform: Sierra Chart, ThinkOrSwim
Broker: Sierra Chart, Sierra Chart Data Feed, Topsteptrader/Rithmic
Trading: NQ
 
Posts: 12 since Jan 2011
Thanks: 7 given, 22 received

I blew out going hitting the daily loss limit and the trailing max drawdown.

This is a common pattern for me. I start out slow, have a small string of small winning days, develop a superman complex, and then go down in flames.

It is mix of bias, habit, trading by feel without regard to setups, no regard for risk, and no regard for tomorrow.

Where is the trader that stopped after expensing -$164 in GC 2 weeks ago? I'm going to go look for him now.

Thanks to all the forum members for the thanks and kind words.

Thread's dead, baby. Thread's dead.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 3 users say Thank You to bedhog for this post:
 
(login for full post details)
  #18 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart, NinjaTrader
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,492 since Jan 2013
Thanks: 49,141 given, 21,792 received


bedhog View Post
I blew out going hitting the daily loss limit and the trailing max drawdown.

...

Where is the trader that stopped after expensing -$164 in GC 2 weeks ago? I'm going to go look for him now.

It's not unusual to have this kind of thing happen in a Combine. I've done it a few times....

I think you can find that trader again.

You have shown that you can trade well, so there are just some more things to work on....

Good luck in whatever you decide to do next.

Bob.

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


futures io Trading Community Trading Journals > Bedhog's 11.11 TopstepTrader Combine Journal


Last Updated on November 24, 2014


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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