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ES day trader bbdsan's journal


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ES day trader bbdsan's journal

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  #101 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I didn't have much time to trade this morning because I had some things to do. Fortunately the market was really moving and I was able to pick up 3 quick scalps. Huge range today! I traded a little more when I got back home and picked up a few more winning scalps but I'm not including those trades in my results for today. Anyway, here are my results:

7/7/2015 +$139.44, 3 wins


-bbdsan

 
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  #102 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I'm pretty happy with my trading today. There was one point where I got a little thrown off by the PA. Actually, it's more accurate to say I wasn't reading the PA well. Anyway, at that point I already had 4 winning trades but then I took 2 max losses (8 ticks) back to back. That was rough. I find it difficult to recover from that, going from a nice winning day to a few dollars in the hole. So, what I'm especially pleased about is that I was able to come back from that today and put together several winning trades. Not only was I able to get back in the game, but I ended up with one of my best days in a while. I stopped trading about 45 minutes before FOMC and didn't trade after. Although it was super tempting on one particular short setup - it was such an obvious pattern and it turned out to be a great trade. But I skipped it. A) I already had a good day and didn't want to ruin it, and B) the PA after FOMC is just too volatile. So I just passed on it, no regrets.

7/8/2015 +$195.26, 10 wins, 2 losses





-bbdsan

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  #103 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Really struggled today. I got wedded to the idea that prices were going to move up the whole time that they were moving down. That never works out well and I took quite a few losses. I recovered a little late in the session but still, almost gave back all of my profits from yesterday.

7/9/2015 -$186.42, 14 wins, 7 losses




-bbdsan

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  #104 (permalink)
 paps 
SF Bay Area + CA/US
 
Experience: None
Platform: TS, TOS, Ninja(Analytics)
Trading: NQ CL, ES when volatile mrkts
 
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Posts: 1,721 since Oct 2011
Thanks: 2,173 given, 1,710 received

hey thanks for sharing. Nice journal & good luck

i gather you do much of simulation and replay also.

are you just a PA trader...or do you also derive context from internals, etc

thnx
s

 
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  #105 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received


paps View Post
hey thanks for sharing. Nice journal & good luck

i gather you do much of simulation and replay also.

are you just a PA trader...or do you also derive context from internals, etc

thnx
s

Thanks. Yes, I'm strictly on the simulator, Multicharts and CMG.

Yes, I'm trying to learn how to trade the PA alone. I follow Mack from Learn How To Day Trade Using Pure Price Action - Price Action Trading,


I'm trying to reach a goal of $3000 profit in my demo account trading only a single contract. Once I reach that goal, I'll have another go at real trading.

-bbdsan

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  #106 (permalink)
 paps 
SF Bay Area + CA/US
 
Experience: None
Platform: TS, TOS, Ninja(Analytics)
Trading: NQ CL, ES when volatile mrkts
 
paps's Avatar
 
Posts: 1,721 since Oct 2011
Thanks: 2,173 given, 1,710 received

Goodluck.....and with determination many things are possible

Cheers
s

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  #107 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Yesterday, I experimented with larger profit targets and stops. Mack ( Learn How To Day Trade Using Pure Price Action - Price Action Trading) posted a short article suggesting this because of the increased volatility and larger bars lately. So I tried trading with a 5-tick target and 10-tick stop. I started off with two wins but then I took a really big double size loss which is explained on my chart in more detail. With the two 5-tick wins under my belt and my strong conviction that prices were moving higher I guess I thought it was okay to have an even bigger stop than 10 ticks. No, that really wasn't okay but in the moment I told myself that it was.

So anyway, after that big loss I spent the rest of the session trying to climb out of that hole. I was able to get most of my money back but my trading after that big loss was still a bit sketchy. A couple of my entries were questionable. The interesting thing with all of that is the idea that mistakes can compound. My first mistake was the stop that was too big, and that led to some impatient entries. So I just have to be really careful with that and just try not to make any mistakes to begin with (execution mistakes like stops that are too big or doubling down on a loser). I'll always make mistakes with the PA. I'll misread the PA from time to time as I'm learning how to do this. That's okay. But there's no excuse for execution mistakes. Those will kill me in the end.

Even though I lost money yesterday and Thursday too, taking me further from my goal, I'm really okay with it. It's worth it for the things I've learned. And bonus, since I'm doing all of this in a demo account it doesn't cost me a dime. The only cost is the time I'm spending on all of this. But I feel that is well worth it, too. In the end I want to do this for a living and enjoy all of the freedom that comes with being a professional day trader, even if it takes me a couple years to get there.

7/10/2015 -$22.22, 8 wins, 3 losses




-bbdsan

 
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  #108 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

My losing streak continues. Today was really bad! I took another big loss on a double-up position. After that I made a couple revenge trades and lost some more. The only thing that saved me was a double-size 3 point winner into the end of the session. The only positive thing I can say about today is that the broad market was up again and my long term investments are doing well.

7/13/2015 -$22.70, 7 wins, 3 losses




7/14/2015 -$99.11, 8 wins, 6 losses




I'm going to try to spend some time on replay tonight. I obviously need more practice. A lot more.

-bbdsan

 
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  #109 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I traded on Ninja Trader with replay data from last year (7/16/2014). While it's not completely realistic in the sense that the timing is different from real trading (assuming you speed up the replay, and I do), I still think it has a lot of value as a way to practice reading PA. I have no idea where prices are going ahead of time so I have to draw in my trend lines and pay attention to the 21 EMA like always. I have to decide on good places to enter and which direction to trade. So it's valid practice that really just allows me to shorten my overall learning curve. Based on all of this, I have decided to start including replay results (win or lose) in my progress towards my $3000 goal.

Here's the first day that I have counted:

7/16/2014 +$180.82, 6 wins, 3 losses (Fully legit = no restarts / do-overs like I have done in the past)




-bbdsan

 
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  #110 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

The expression that fits my trading today is, "The ends justifies the means." I realize that what I did today was risky and it will probably work out less frequently than not. But for today at least, it worked.

What happened was I got short. The market went against me and I got short some more (2nd contract). The market continued going against me and I moved my stop. It went against me some more and I moved my stop again. Finally, I had my stop as high as I could stomach and the market finally reversed and allowed me to get out with a small profit.

You're probably saying to yourself, "Dude! Don't make a habit out of that or you'll go broke for sure." And, I'd agree with you. But let me just state a few things which, combined, helped me feel confident that there would be a reversal and it would work out.
  1. Prices had swung on both sides of the 21 EMA during the overnight session, so odds were good that it was going to be a "range day".
  2. Prices had broken below the green trend channel working up, so odds were good that prices would make a leg or two up to a new high and then reverse.
  3. Given that it was shaping up to be a range day, odds were good that the overnight high would hold as resistance, at least for a 50% retracement or so.
  4. I did have a hard stop 4 ticks above the overnight high and was prepared to take a big loss if prices went that high. Fortunately my stop survived by 3 ticks and I got the retracement I was looking for.

On the way back down there were a couple good short setups so I got a couple extra scalps out of the move back down. Again, I don't want to make a habit out of doubling up or trading more than 1 contract when I get back to real trading. But I will fund my account with enough money to be able to do that if necessary. I'll need to have some flexibility.

I'm guessing I'll get some criticism from some of my readers, and that's okay. I can take it. Just bear in mind that I'm doing all of this with play money and I'm still learning. It's not like I'm out there trying to trade 10 contracts with real money, so go easy on me, okay?

Here's my chart which has some more notes on it:

7/15/2015 +$182.40, 4 wins, 1 loss


-bbdsan

 
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  #111 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I traded on replay and live data simultaneously today. The replay trading was legitimate because I didn't speed it up. I made a little money and called it a "day".

7/17/2014 +$138.22, 11 wins, 3 losses




However, I didn't do so hot with the live data.

7/16/2015 -$301.22, 6 wins, 5 losses


I'm still in the black as far as my $3000 goal goes. But I backed up a little today.

-bbdsan

 
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  #112 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

There have been many days where I was up early in the session but I didn't quit. Then I proceeded to give back my profits and end up with a losing day. So many times I've thought, "Dammit! I should have just called it a day."

Well, today I've turned over a new leaf in that respect. I am up on the day and I'm done. I'm taking the rest of the day off so I can get a positive start to my weekend.

7/17/2015 +$166.38, 5 wins, 1 loss


I hope everyone has a great weekend. I know I will! I'm going white water rafting for the first time this Sunday.

-bbdsan

 
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  #113 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Completed another day on replay, normal speed. Really nice day, very readable PA. Pretty straight forward really, 5 easy scalps and 1 trade that I closed at +1 tick because I was anxious about it.

7/18/2014 +$241.38, 6 wins



-bbdsan

 
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  #114 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I got a late start today and got fooled in one spot. I saw a couple really bearish bars and I thought prices would head back down into the range. My mistake was getting short when there hadn't yet been a break of the up-channel and there wasn't a confirmed trend heading down. Not only did I get short when I shouldn't have, but I missed a really nice trap where I should have been getting long. I had a downward bias in mind so I was looking for prices to go down. I never thought to look for a good trap to go long. I managed to get one more (double) long trade before prices reversed though, so I was able to break even on the day, plus a few bucks.

7/20/2015 +$7.40, 3 wins, 2 losses


-bbdsan

 
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  #115 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I was doing very well today until right in the middle of the day. I had just closed a successful short scalp and then there was a bar that broke higher than the previous bar, then broke lower. It was a textbook failed 2nd entry long in a down trend so I went short. Well, it went down a tick then shot straight up for about 9 bars. I should have closed it at -8 but I got stubborn. It was the first break of the major channel so I hung on thinking prices would top out and drop back down to retest the low. Eventually they did, but I got out for a 15-tick loss before they had the chance. While I was still holding that losing short, it seemed like prices were topping out so I shorted an extra contract, just for an extra 4-tick scalp. I was able to close that 2nd short contract at +4, then continued to hold on to my big loser short position. Prices seemed to find support at the EMA on the next couple bars, so I closed the original short for a 15-tick loss.

At that point I was basically even on the day (up a dollar or two). I got 3 more small trades in and quit.

Today was tricky, for sure. At least, I had a hard time with it. But I do feel like I'm improving, slowly. It helps to post another win today, even though it could have been a lot better. I'm still getting closer to my goal.

7/21/2015 +$66.74, 10 wins, 3 losses




-bbdsan

 
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  #116 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I had a fairly good start today but I got whipsawed like crazy after that. I put a lot of notes directly in the chart today, and it's late, so I'm just going to post my charts.

7/22/2015 -$116.88, 11 wins, 7 losses






-bbdsan

 
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  #117 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Also, I finished a day on replay, normal speed. I quit after 4 wins.

7/21/2014 +$185.92, 4 wins


I'm currently at +$1015.05, about a third of the way to my goal.

-bbdsan

 
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  #118 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Today was a battle, fighting with my own demons. I came out on top but I'd say I got pretty lucky.

I was already up about $135 but when prices broke below 2100 I started trying to pick a bottom and catch a bounce. I tried 3 times total and finally succeeded on the 3rd try. I expect that win/loss ratio is about normal for that kind of BS trading and of course will be a losing proposition with my stop and target parameters. So needless to say, I need to nip that behavior in the bud ASAP. Not sure how many times I have to make that mistake before I really stop doing it. Hopefully this was the last time.

Anyway, with the 3rd attempt being a double size trade (2 contracts) which I let run just a little extra, I was able to recoup most of the previous two losses. Then I got two more winning trades in before noon and called it a day.

7/23/2015 +$139.80, 7 wins, 3 losses




-bbdsan

 
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  #119 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I completed another day on replay. Pretty straight forward day. I missed a couple trades but at least I didn't make any mistakes. I also got nervous about my last trade and closed it for just 1 tick.

7/22/2014 +$148.42, 4 wins

 
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  #120 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Another good, straightforward day trading live data today in my demo account. Early on I got a couple wins so I decided to go back to bed at about 8 am. I haven't been getting enough sleep lately, and being a Friday I didn't have any interest in trading the typically super slow Friday PA. I also didn't want to turn my winning day into a losing day, right before the weekend.

Thankfully I was able to set the laptop down and actually get some much needed sleep. It was after 11:30 before I finally woke up. Then I was having some trouble with my laptop so it was almost noon by the time I got my platform started back up. Wow, what a selloff!!! This was not the typical Friday exercise in watching paint dry. Even though I try not to trade after 12:00 this was a special exception because prices were really moving.

Now, I've experienced first hand being "late to the party" on a day like this. I sit there all day and let the good trades go by. Then when I finally decide to take a trade with the trend, that's precisely when the market reverses. This time I was ready. I waited for a clear 2nd entry and got short. But I watched it like a hawk and at the first sign of a trap I reversed. I didn't care too much about losing 2 ticks and it was the right move because my long ended up working out. It was a little sketchy for a minute or two but it DID go the full 4 ticks. I bailed at +3 but oh well. At least I made up for the 2 tick loss and I was reading the PA right. Within a bar or two there was that last little push up where prices broke above the previous bar by a tick, then broke out the bottom. The close on that bar wasn't fantastic but on a day like today where the downward bias is so strong, you don't really need that picture perfect close. I went short and got a quick easy scalp.

My trading is humming along nicely recently and I'm getting closer to my goal. I'm up $1448.17 trading single contracts. I continue to learn every day and just keep getting better at reading the PA. I'm feeling more and more confident and soon I'll be ready to take another plunge into real money trading.

7/24/2015 +$144.90, 4 wins, 1 loss





I hope everyone has a great weekend!

-bbdsan

 
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  #121 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I traded a replay day today, normal speed of course. Pretty straightforward price action and I was able to make some more money towards my goal. There are some more comments in the charts.

7/23/2014 +$169.90, 5 wins




-bbdsan

 
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  #122 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Oops! Really traded poorly on this replay day. I started out with 2 full losses trying to get long, looking for a retest of the initial up-channel. Things went from bad to worse and I had another max loss followed by a double loss. I got my act together a little and made some money back but then screwed up one more time near the end of the session. Did some significant damage to my demo account but I'm alive to trade another day.

7/24/2014 -$395.76, 6 wins, 7 losses


Today on live data I have 4 wins in the bank, although two of them were only 2 ticks because I chickened out. I need to have more confidence!

-bbdsan

 
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  #123 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I fell behind with my journal here a little. I have a few days' results to report:

7/27/2015 +$67.46, 19 wins, 7 losses
This day was crazy! I started out really well with 6 wins and I was up about $166. Then I had a max loss but made it back quickly with 2 more wins. I was up about $155. Then I started getting whipsawed. I had a big 2-contract loser followed by another big 2-contract loser and suddenly I was down about $280! Then I started trading even bigger. I kept scaling into 3-, 4-, and even a 5-contract position. I was winning but I definitely wasn't trading according to my rules and plan. I seriously went off the reservation. Technically, it would have been possible for me to trade up to 5 contracts because I had more than $2000 in my demo account at the time and my broker only requires $300 margin per contract for day trades. But still, this is not me. This is not how I want to trade. In the end I had about $67 in profits and put this day in the W column.






7/28/2015 +$37.86, 4 wins, 3 losses
After the previous day's insanity, this day was relatively calm. I got tripped up a couple times but still managed to turn a profit.


7/29/2015 +$103.88, 5 wins, 1 loss
Pretty good today except one spot where I failed to wait for a setup and just sold blindly at a place where I thought prices would turn back down. They didn't turn down and I took a 7-tick loss. Oops. But it's okay, I'm still learning every day and slowly moving forward towards my goal.




7/25/2014 +$164.80, 6 wins, 3 losses
This was a replay day. My first loss was a legit 2nd entry short but prices just wouldn't go down enough to fill my target order. It tried 4 bars in a row but could never go down more than 2 ticks from my entry. I should have just taken 1 tick but I let it go back up and stop me out for a 6-tick loss. My second loss was a legit 2nd entry long but I had failed to recognize that the larger pattern in play was a big down trend. Prices dropped quickly and stopped me out at -8 ticks. My third loss was just a bad trade. I just bought blindly at a place where I thought prices would bounce. Instead they dropped quickly for another 8-tick loss. That was when I finally recognized the larger two-tiered channel working down. I went short 2 contracts and held the position for a big drop to the lower channel line. That was a nice fat win which made up for the earlier losses. Then two more normal scalps and I called it a day.


I hope everyone is having a good week.

-bbdsan

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  #124 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Quick morning. I started with a max 8-tick loss but right at the open I got short 2 contracts based on a very bearish reversal bar. I took a 4-tick scalp and let the 2nd contract run. I could have held it a little longer looking for the measured move but I didn't. I took profits 1 tick above the previous low. I took one more scalp on a failed 2nd entry long and called it a day.

7/30/2015 +$185.92, 3 wins, 1 loss


-bbdsan

 
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  #125 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I have completed another day on replay, normal speed. It was a good day except I really got tricked on my third trade of the day. I believe the PA is never wrong so I must have misread it somehow but man, it seemed like a very nice 2nd entry short. It went 3 ticks my way then reversed quickly for a max 8-tick loss. I think my mistake was not waiting for a retest after the break of the up-channel. But the bias was clearly down at that point and my setup bar was a beautiful bearish reversal bar. The overall pattern turned out to be a big range day so I guess that last move down was just a failed breakout. Whatever it was it sure fooled me! However, I was able to recuperate and end the day with some profits.

7/28/2014 +$71.84, 6 wins, 2 losses


I am now up $1854.07 in my demo account, more than halfway to my goal.

-bbdsan

 
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  #126 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Ouch! I took some damage in the battle today. It wasn't too bad until the last hour of the session. I really need to leave my parameters alone once I enter a trade. 8-tick stop, 4-tick target - just set it and forget it. There were a few trades today where I would have gotten my full 4-tick scalp but instead I closed too early for a 1-, 2- or 3-tick profit. But worse than that, on one trade today I was long and actually moved my stop up to -6 in order to stop myself out and reverse to a short position. As you might guess prices moved back up and stopped me out for another loss, right about where I would have been taking my 4-tick profit on the original long - if I had just left it the hell alone!

Anyway, there are some more comments directly on the charts.

7/31/2015 -$313.36, 10 wins, 7 losses




I hope everyone has a great weekend!

-bbdsan

 
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  #127 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Tonight during work I traded a day on replay, normal speed playback as usual. It was a pretty good session and I'm glad to put up another profitable day, especially after this morning.

7/29/2014 +$125.36, 5 wins, 2 losses




-bbdsan

 
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  #128 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I've certainly had some big losing days while I've been learning how to do this. As recently as yesterday I lost more than $300 in one day. Yet my winning days are usually only about $100 +/-. Today I changed this pattern. I traded a day on replay, running at normal speed. I capitalized on two regularly occurring market tendencies; 1) when early morning news causes prices to move a large amount in one direction, prices usually work back to that same level that they were at before the news, there's an emotional reaction and then prices come back and "reset", and 2) there is usually a reversal within the first several minutes after the cash open.

With these two ideas in mind, and a channel working down before the cash open, I built a 2 contract short position. I had a 5-point stop and a 5-point target. As expected, shortly after prices moved up at the cash open, they reversed. As noted on my chart there was a last little spike up which ended up being a nice bull trap. I shorted a 3rd contract with a sell-stop 1 tick below that bar and took a nice little 4-tick scalp in the midst of my larger short position. After that I still liked prices to the down side so I faded what looked like a nice long entry setup. It turned into a 2nd entry short / bull trap so I took 7 ticks on that scalp.

Finally, prices returned to the level they had been at when the early morning news hit. I took my 5-point profit on both contracts and called it a day. Best day ever!

7/30/2014 +$519.90, 4 wins, 1 loss


-bbdsan

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  #129 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Well, I thought I was done for the day but I wasn't.

I was just watching the rest of the PA play out since it was still early, and I saw this nice trade setup. It almost went against me. I really should have waited for the failed 2nd entry long, which came 2 bars later, to be safer about the idea. But I felt pretty confident that prices would move down to at least retest the lows. I set my target order 1 tick above the previous low and scored myself another 11 ticks.

7/30/2014 Extra Credit +$133.98


And now I'm done for sure. I'm not giving back a cent of these profits!

-bbdsan

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  #130 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I spent some time reading some of my first posts and looking at my old charts. Man, I used to really struggle with this. But something has changed now. Some kind of light bulb clicked on in my brain. I just need to wait for good setups. Identify the larger theme and just be patient!

Today I completed another day on replay, normal speed. I had 4 good scalps before it really became clear what the larger pattern was. It was what Mack calls a "spike and channel". Earlier on I was trading it like a range. My first scalp was a long, in fact. But prices quickly turned back down and I was looking only for shorts from then on.

Prices kept trying to push below the mid-line so I figured they would eventually push down to the lower channel line. I went short after a failed 2nd entry long (from the top). Then there was a second failed 2nd entry long from the recent low so I went short a second contract. I held the double short position all the way down to the lower channel line which also happened to be an absolutely perfect measured move (indicated by the orange arrows).

7/31/2014 +$778.88, 6 wins




Today was a very big win and I have now reached my goal of $3000 in profits in my demo account. I'm sending a check in to my broker tomorrow so I can try live trading again. However, it will be almost 2 weeks before it clears so I'll have plenty of time to practice a bit more.

This is it, I'm nervous but excited too.

-bbdsan

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bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
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I started the day poorly, getting short twice while the market was going up then getting long twice as it started back down. I finally took a 2-contract trade with the trend and rode it for 3.5 points. That almost got me back to even on the day. After such a huge move down I figured prices would at least make an attempt to retest the low so I built a big 5-contract short position during the "dead cat bounce". I covered 4 contracts with a 7-tick profit and took just a tick on the 5th contract. This put me well positive on the day and I called it.

8/3/2015 +$295.26, 7 wins, 5 losses




My trading has been a little more haphazard lately with 3-, 4- and even 5-contract positions. However, once my check clears with my broker and I start live real-money trading again in a couple weeks, I won't be able to do that. Therefore, all of my practice trading for the next 2 weeks will be with one contract only. You could say I'm going back to basics. I must be strict with this! I won't be able to save my day with a 5-contract position when I start up with real money again.

-bbdsan

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  #132 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
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Good day today. I missed out on a couple nice trades when I had to leave my screen to run an errand. There are some more comments directly on the charts.

8/4/2014 +$102.30, 7 wins, 3 losses





Hope everyone has a good night.

-bbdsan

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  #133 (permalink)
 futurestrader7 
North Carolina
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader
Trading: ES
 
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Hello,

Thanks for posting your trades. If I may add to your journal, I'd like to tell you not take stop order trades at all when the EMA is flat, and especially when you're in a tight range. You never want to do that. When you have tight trading range you want to buy low sell high and use limit orders with tight stops. Keep in mind that trading is all about probability. It doesn't matter even if you have best second entry setup because you will still get stopped out if you don't understand the "context". Watch higher time frames to get better picture of what the overall trend is. Focus on taking "only" long trades when price is trading above the EMA and vice versa. Keep it simple and don't try to trade like Mack because he doesn't take all the trades that he circles on his chart. It's much easier to say after the fact. Focus on quality over quantity. Hope it helps you.

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  #134 (permalink)
bbdsan
Sacramento, CA
 
 
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Today was interesting. I watched a lot of price action go by without taking many trades. I missed a couple good trades because the setup wasn't quite right. I guess I was being a little too cautious perhaps. But I'm proud about resisting the temptation to take a trade just for the "action". I'm proud that I was able to just sit there and be patient. I did have 2 trades where I second guessed it and took only 1 tick of profit, when I could have taken 4 ticks and even more in both cases. This is a confidence issue. I had one losing trade but it wasn't because I broke my rules. It was a 2nd entry. I didn't just buy/sell blindly as I've done in the past. I just misread the PA. I neglected to wait for a retest of the low after a break of a down channel. It's a more subtle aspect of PA that I still need to work on.

But overall, I'm fairly pleased with my trading today. I didn't make a lot of money, but I didn't lose any. And I showed real patience today, which is a key part of all this. Anyway, on to the charts...

8/5/2015 +$53.88, 5 wins, 1 loss




I'm off the rest of the week. Hope everyone has a good weekend.

-bbdsan

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bbdsan
Sacramento, CA
 
 
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I know I said I would be taking the rest of the week off but I woke up early as usual and what else am I going to do at 6:30 in the morning? Fired up the platform and was pleased to see prices really moving this morning. The PA was very straightforward and I finished early. Time to get ready for our trip.

8/6/2015 +$160.92, 4 wins


Definitely no trading tomorrow so, again, I hope everyone has a great weekend!

-bbdsan

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bbdsan
Sacramento, CA
 
 
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I got a late start this morning. Then I got fooled into going long at the very high after what I thought was a failed 2nd entry short. I still was convinced prices were going higher so I doubled down and took an extra large loss, -8 and -3 ticks. Then I got long again, looking for a measured move into 2100. It went 5 or 6 ticks then came back and stopped me out for a 1 tick profit. Finally, I got long after another failed 2nd entry short and added on after the 2nd entry short counting from the high failed. I took a 5-tick scalp and let the 2nd contract run. I took profit a tick below the measured move and called it a day.

8/10/2015 +$94.90, 3 wins, 2 losses



-bbdsan

 
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  #137 (permalink)
 Hayles76 
London
 
Experience: Intermediate
Platform: ninjatrader
Broker: kinetick papertrading
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Just one question, why do you enter on such high contract, high tick charts, do you not have a lower tick chart frame for more precise accurate, timely entry ??

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bbdsan
Sacramento, CA
 
 
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Hayles76 View Post
Just one question, why do you enter on such high contract, high tick charts, do you not have a lower tick chart frame for more precise accurate, timely entry ??

I'm trading only one chart, the 6500 volume chart. The main reason is that it's the same chart that Mack trades, and therefore in the evening I can directly compare my chart to his daily video (
). I have a little experience trading a smaller, faster chart. It moved a little too fast for me to trade properly. It was more difficult for me to correctly draw in my short-term channels and keep track of the bigger picture too. And there were too many setups, many of which failed.

-bbdsan

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 Hayles76 
London
 
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Would you not more evidently consider a 500 tick ; 1500 ; 3500 or are you buying on retraces using your linear breaks or touches, would that high 6500 volume chart have more risky exposure to markets and thus whipsaws ??

 
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 Hayles76 
London
 
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Do you egregiously over trade or do you only have high probability trade set up rules that you adhere to ??

 
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  #141 (permalink)
 Hayles76 
London
 
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bbdsan View Post
I'm trading only one chart, the 6500 volume chart. The main reason is that it's the same chart that Mack trades, and therefore in the evening I can directly compare my chart to his daily video (
). I have a little experience trading a smaller, faster chart. It moved a little too fast for me to trade properly. It was more difficult for me to correctly draw in my short-term channels and keep track of the bigger picture too. And there were too many setups, many of which failed.

-bbdsan


I agree with you bbdsan, I have tried trading on a 233 tick chart and it is far too fast paced for my way of thinking, I like your style of using linear breaks, channels and utilising uniformity in trading techniques. Is 6500 volume chart deliver more accurate readings than a tick chart, why do you not have higher or lower chart time frames for your set ups for more profitable combination or does the 6500 volume chart in itself a high probability trade set up for less riskier more profitable trades in combination with the channels ?

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  #142 (permalink)
bbdsan
Sacramento, CA
 
 
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Hayles76 View Post
Would you not more evidently consider a 500 tick ; 1500 ; 3500 or are you buying on retraces using your linear breaks or touches, would that high 6500 volume chart have more risky exposure to markets and thus whipsaws ??

I don't completely understand your question but I'll do my best to answer. I just stick to the one chart. As a rule I don't trade breakouts from a horizontal range because they fail more often than they succeed, in my experience. With the higher volume chart (6500 ES contracts) I feel I am less likely to get whipsawed. There are fewer entry setups on the slower chart.

Hope it helps.

-bbdsan

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  #143 (permalink)
bbdsan
Sacramento, CA
 
 
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Hayles76 View Post
Do you egregiously over trade or do you only have high probability trade set up rules that you adhere to ??

I try to stick to my rules and only enter on high probability setups. Sometimes, like today, my emotions get the better of me and I over trade. I'm still learning.

-bbdsan

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  #144 (permalink)
bbdsan
Sacramento, CA
 
 
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As I mentioned in a previous post today, my emotions sometimes get the better of me. Today I started the session with 3 losers. After finally getting a winning scalp, I took 3 more losses! I was really in bad shape. I was down about $450. After that I managed to get mostly wins. I worked my way all the way back to about -$150. That really was when I should have quit for the day. It was about noon and I try to stop trading by noon. However, after all of that I tried one more trade and wouldn't you know it was a loser. So now I was down about $250.

All day long I was proud of the fact that I hadn't once doubled down or taken a bigger than 8-tick loss. At least I was following my rules. But after that last loss it all went out the window and I decided to build a big short position. I shorted 1, then 2, and finally 3 contracts. I had to hold the position through a pretty healthy rise but finally, in the after hours session the price dropped down enough to fill my original target order.

It was crazy, I know. And that kind of crap won't be possible in a few days when I try real money trading again. But I'm already up more than $4000 in my demo account and so I just went for it. Perhaps this means I'm not quite ready. Perhaps it doesn't. I don't really know. But I am going to proceed as planned. Once my deposit clears I'll try once again to go live. It should be this Friday but I might have to wait until next week.

8/11/2015 +$63.94, 17 wins, 11 losses





-bbdsan

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 bobwest 
Site Moderator
Sarasota FL
 
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bbdsan View Post
... I had to hold the position through a pretty healthy rise but finally, in the after hours session the price dropped down enough to fill my original target order.

It was crazy, I know. And that kind of crap won't be possible in a few days when I try real money trading again. But I'm already up more than $4000 in my demo account and so I just went for it. Perhaps this means I'm not quite ready. Perhaps it doesn't. I don't really know. But I am going to proceed as planned. Once my deposit clears I'll try once again to go live. It should be this Friday but I might have to wait until next week.

It's good that you pulled it out this way, but you know that you can't rely on this kind of thing happening forever, right?

Anyway, good luck as you go live. It's a big step. Wish you the best for it.

Bob.

Visit my futures io Trade Journal
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bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
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bobwest View Post
It's good that you pulled it out this way, but you know that you can't rely on this kind of thing happening forever, right?

Anyway, good luck as you go live. It's a big step. Wish you the best for it.

Bob.

Thanks Bob. I agree 100%. It wasn't good, though. It was mostly dumb luck. I wasn't doing great yesterday. It was just one of those days where I wasn't trading well.

Thanks for the well wishes!

-bbdsan

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bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
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I had a good day today, and finished early. I had enough profit by about 8:15 am and made the choice to quit trading for the day. I plan to do this sort of thing when I start trading real money again, too. I'll have a daily goal in mind and if I still want to trade after that I'll just switch over to the simulator, just for the practice and experience.

I was away from my screen until about 11:45 doing some errands and my daily run. As I was watching the PA a nice 2nd entry long set up and I took it. It resulted in a quick 4-tick scalp. It would have provided a pretty nice runner, too. This is all play money, of course, and I've already reached my $3000 goal so there's no need to record this trade in my records. I just wanted to take the trade in the moment as opposed to just drawing another blue circle on the chart. It was just another real-life example of how well this PA stuff works

8/12/2015 +$121.84, 6 wins, 2 losses




Extra trade in the afternoon:


I'm feeling quite confident. I hope everyone had good trading today.

-bbdsan

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bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
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Today was my first day back trading real money. It was okay. I'm not crazy about range days like this. I took profits before 4 ticks on my first two trades. But as it turned out, I was right to do so. I need to go back and examine my entries to figure out why they didn't work. My third trade worked perfectly, although with only a tick or two to spare. Considering that it's my first day back, and it's a Friday, I decided to call it a day with about $90 in profits. I logged out of my platform and logged back in to my demo account so I will be sure not to give anything back if I see any good setups later.

Between the 1st and 2nd charts below I reloaded data on my platform. I'm not sure why that was necessary but it turned out there was a significant difference.

8/14/2015 +$89.44, 3 wins




I hope everyone had a good week trading and enjoys their weekend.

-bbdsan

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bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
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I got a little bit of a late start this morning. I started watching about when the steep move up (dashed green channel) was coming to an end. It started working back down slowly and I jumped in long at the failed 2nd entry short (counting from the bottom). I had a chance to exit for a tick or two profit but I didn't. Instead, I started the day with an 8-tick loss.

After that it was smooth sailing. I got 3 good scalps and then the market really started slowing down. Right after exiting my 3rd good scalp, prices formed a bearish bar. I hadn't yet drawn that first trading range (2091.50 to 2093.25) so I didn't really think to get long after that failed break lower. But that would have been a good trade.

Then prices made a failed 2nd entry short (blue circled area). But to take that trade I would have had to go long at 2094.00 and the HOD at that time was only 2094.50. I decided to pass. Sure enough, prices ticked up to 2094.00 and then dropped back down. Then we saw that really bullish reversal bar (still in the blue circled area) and I thought I might be seeing a breakout-pullback. But still, I was leery to get long at the absolute high of the day. It looked like the day might turn out to be a big range day and I thought there was a good chance it would go up only 2 or 3 ticks and reverse. So I stayed out. After that there was nothing worth entering and it was getting to be too late in the day. So I called it.

8/17/2015 +$35.92, 3 wins, 1 loss




At least I made a little money today. Better than losing! I emailed Mack about that blue circled area so we'll see if he talks about it in tonight's chart lesson.

-bbdsan

 
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  #150 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
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Today was tough. It was a tight range day and there weren't a lot of good setups. I definitely made some mistakes. I kept trading past the 12:00 hour trying to get back to even. It took some trading that I'm not proud of, but I was able to get two more wins in the last hour, which put me back in the black. It was only 11 bucks but again, I'd rather have a small win than any loss. This was my 3rd day back in the real world and my 3rd day of making money. Hopefully, I can keep the string going.

8/18/2015 +$11.28, 8 wins, 3 losses





I hope everyone had a good trading day and we'll see what the Fed minutes bring tomorrow!

-bbdsan

 
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  #151 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
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Finished trading for the day, about 7:20 am. I got 3 scalps and I'm calling it a day, especially with FED coming up later this morning.

8/19/2015 +$139.44, 3 wins


I hope everyone has a good trading day.

-bbdsan

 
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  #152 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
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I fell behind on my journal a bit. Going through my chart from yesterday took some time. It was a crazy volatile session and I took a total of 20 trades! I can't remember why now, but on one of my losers I took a 12-tick stop. So that hurt. And on several of my winners I only took a tick or two profit. So, while I had 15 wins and only 5 losses, I still managed to lose about $95. It's the first losing day for me in a while. It wasn't heinous but it was still a tough day. If I was a little more skilled at reading the price action it could have been a spectacular day because there was so much price movement. Holy crap prices were really moving! Today, of course, was an even bigger selloff than yesterday but that is subject for another journal entry (spoiler: I had a good day).

Lots of charts for this one!

8/20/2015 -$95.40, 15 wins, 5 losses








-bbdsan

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  #153 (permalink)
bbdsan
Sacramento, CA
 
 
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Yesterday (Friday) I completed my first full week of real trading since early June. I am pleased to say that I ended the week with a profitable day. Here is a summary of this most recent foray into real live trading:

8/14/2015 +$89.44, 3 wins
8/17/2015 +$35.92, 3 wins, 1 loss
8/18/2015 +$11.28, 8 wins, 3 losses
8/19/2015 +$139.44, 3 wins
8/20/2015 -$95.40, 15 wins, 5 losses
8/21/2015 +$173.42, 4 wins

Total profits $354.10, trading 1 contract only. I have withdrawn $300 from my trading account. This is part of my plan - withdraw all profits weekly (rounded down to the nearest $100) until I've taken $3000 back.

I'm sure everyone reading this is well aware of the recent volatility. Yesterday, I adjusted my parameters to accommodate. Instead of a 4-tick target and 8-tick stop, I used a 5-tick target and 10-tick stop.

In my 4th chart the comment, "Failed 2nd entry long but it taking off so...." is supposed to say, "Failed 2nd entry long but it wasn't taking off so...". The thing with a failed 2nd entry is it's supposed to trap traders on the wrong side of the market. And so if it really is a valid trap then prices should take off quickly in the other direction. This trade wasn't doing that so I exited with a 1 tick profit.

I want to discuss my 4th trade today. I took a long position but really it was not a good place to go long at all. Prices were stuck in a tight trading range, and I was going long after a failed break below the range, but there was a steep down-channel which brought prices down into that range to begin with. Usually, if prices trade down into a range they will eventually break out of that range to the down side. Not every time, but most of the time. So, with prices trapped in that tight range, I really should have been looking for a good place to get short at the top of the range, as opposed to getting long at the bottom of the range. Despite my "mistake", despite being "wrong", the trade still worked out. It was a win because I only took 5 ticks. I believe this exemplifies one of the nice things about my (Mack's) system. I don't have to be really good at reading the price action. I can be only so-so and still make money.

There are a lot of charts for today. The first shows the entire day. The 2nd - 4th show my actual real-money trades. The rest just show my analysis of the price action and identify where I think the good entry setups occurred. I also did some sim trading later in the day which you can see on my charts as well.

8/21/2015 +$173.42, 4 wins










I hope everyone has a great weekend!

-bbdsan

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  #154 (permalink)
bbdsan
Sacramento, CA
 
 
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Well, I fell behind on my journal again. I'll try to catch up tonight. It just depends on how busy work is.

Just to bring you up to speed, I started this most recent foray into real money trading on Friday, August 14, after more than 2 months on the simulator. I put $800 into my account (plus I already had about $200 in there) and by Friday, August 21 I had a little over $1300 in the account. As per my plan, I initiated a withdrawal of $300 from the account which came out Monday morning. So, I started Monday with a little more than $1000 in my account.

Monday, of course, was completely insane! The volatility turned out to be too much for me. I actually started the day with a 5-tick win. Prices were moving really fast and the bars were huge. I was switching back and forth between my 6500 volume chart and a faster 3820 volume chart. The faster chart is nice because the bars are smaller and I can use tighter stops. But it's also super fast. I ended up switching back and forth several times and in general wasn't doing too well.

After the initial win I took a giant 6.25 point loss. I was short and I had foolishly put my stop above some recent highs a full 6 points away. That loss really set me back and I spent the rest of the day trying to make up for it. I almost made it, too. But then, right near the end of the session I was expecting a big reversal to the upside. I got long a little too early but my stop survived. It started going up and I could have taken my 6-tick scalp, but I was expecting more upside. This was a huge mistake, of course. After it went up 8 ticks I started trailing my stop up. Wouldn't you know it, prices came back down to my stop exactly and I went from an 8-tick winner to an 11-tick loser. I was really upset with myself because I've told myself many times to just take my scalp if I can get it. It's far too early in my trading career (and my capital is insufficient) to try to manage my trades like runners. I just need to get out with my scalp and wait for the next setup.

Anyway, I was frustrated with myself for letting that winner turn into a loss. So, what did I do? You may be able to guess. I took a revenge trade. I got long again, quite a bit higher than where I had been stopped out previously. And then I made the exact same mistake again!!! I could have taken a 6-tick scalp but now, stupidly, I was really convinced that prices would go on to make higher highs. I was determined to catch a big win and erase my losses on the day. Well, of course it didn't work. It dropped down hard and I kept holding on. Then I committed the worst sin of all. I doubled down on a loser. My equity was already dangerously low and the combination of a 2 contract long position as prices continued to drop, that was the final straw. My broker forced the issue and closed the position. I blew out the account.

At that point I wasn't sure what to do. I had planned to see what I could do with the $800 and told myself that if I lost it all I would go back to sim trading only. But I hadn't lost it all. I lost $500 of it and $300 of it went back to my bank account. This was a contingency for which I had not planned.

For better or worse, I decided to put the $300 that I just withdrew back into my trading account, which actually would be enough to trade 1 contract. But I also wanted to put some extra money in there for padding. If I try to trade with just $300 and my first trade is a loser, I'm done. So I put an extra $400. This brings my total investment up to $1200. I will continue to withdraw all subsequent profits (rounded down to the nearest $100) at the end of each week.

All of that said, here are the charts for Monday. I spent several hours going through the charts and made numerous comments. This is the best way I know of to learn and perhaps not make the same price action misreads in the future. Also, I obviously need to stick very strictly to a policy of taking my 6-tick scalp when I can get it.

8/24/2015 -$1030.60, 19 wins, 11 losses (the first chart says -$1005.60 which is incorrect because it didn't include the $25 fee for the forced liquidation)

















-bbdsan

 
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  #155 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
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Yesterday I traded mostly on the simulator. My deposit was made available to me at about 10:00 am PST. I was pretty nervous but also very focused. I was hyper-aware that I could not lose any money or I would be back to the simulator for another couple months, probably.

The price action was very volatile as usual. I waited for a nice 2nd entry short setup and took it. Due to the volatility I was using a 6-tick target and 12-tick stop. My target was hit very quickly and I decided to quit and switch back to the simulator for the rest of the day.

8/25/2015 +$71.48, 1 win


-bbdsan

 
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  #156 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Wednesday was similar to Tuesday. I was still using a 6-tick target and 12-tick stop, and still fairly nervous about my account balance and not wanting to screw it up. I really want to succeed this time around and not have to make another deposit ever again. Therefore, as soon as I had two winning scalps in the bag, I called it a day.

8/26/2015 +$142.96, 2 wins


-bbdsan

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  #157 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
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The volatility has come down a bit so yesterday I was using a 5-tick target and 10-tick stop.

I didn't comment on the chart regarding my first trade. It was not a good read of the PA on my part, that's for sure. There had been a 2nd entry short and I wanted a little better entry price so I used a limit order. After getting filled prices never really went down more than a tick or two. After a couple minutes I got stopped out with a full 10-tick loss.

It's always difficult when I start the day with a loss. It's hard to stay patient and dig myself out of that hole. Fortunately, I was able to make it happen yesterday.

8/27/2015 +$71.84, 6 wins, 2 losses







-bbdsan

 
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  #158 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Once again I started today with a loss. The rest of the day was a real battle. I made some good trades and some bad trades. At my worst point in the day I was down $362 but I managed to get most of that back by the end of the day.

Comments are on the charts.

8/28/2015 -$91.88, 13 wins, 6 losses






I hope everyone had a good week and enjoys their weekend.

-bbdsan

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  #159 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I traded a day on replay. Did pretty well although there were a couple mistakes I made when I didn't believe prices would keep heading up. But still, I made a good profit on the day.

8/4/2014 +$191.74, 10 wins, 3 losses





-bbdsan

 
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  #160 (permalink)
TonyP
Denver CO/USA
 
 
Posts: 5 since Sep 2014
Thanks: 1 given, 4 received

If you don't control trade volume for a given day and have pre-set limits in terms of how much you can lose before you stop for the day, then you are setting yourself up for one day where you get behind, maybe $400 using your numbers historically, and then keep trading and possibly double down on a losing trade and now your are down $1000 for the day. You should have a max number of trades for the day and a max allowable loss and profit for the day and when either are hit, calling it a day and stepping aside. That's one of the beauties of automation, it removes the revenge trade and knowing when a day just isn't a good day to trade and shutting down for you.

The other concern is now you are afraid as you mention (and should be, we all should have some fear in the market to be disciplined). Many times fears holds people back from trading in good markets. At the end of the day, you need to trade all set ups that meet your rules. For example you may have 50 trades in one month, after you add everything up, there were probably 10 trades that produced profit for that month. But you have to take all of the 50 trades including the 40 that netted break even because you have no idea of outcomes. It has to be an emotionless game of probability. Again, another beauty of automation.

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  #161 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received


TonyP View Post
If you don't control trade volume for a given day and have pre-set limits in terms of how much you can lose before you stop for the day, then you are setting yourself up for one day where you get behind, maybe $400 using your numbers historically, and then keep trading and possibly double down on a losing trade and now your are down $1000 for the day. You should have a max number of trades for the day and a max allowable loss and profit for the day and when either are hit, calling it a day and stepping aside. That's one of the beauties of automation, it removes the revenge trade and knowing when a day just isn't a good day to trade and shutting down for you.

The other concern is now you are afraid as you mention (and should be, we all should have some fear in the market to be disciplined). Many times fears holds people back from trading in good markets. At the end of the day, you need to trade all set ups that meet your rules. For example you may have 50 trades in one month, after you add everything up, there were probably 10 trades that produced profit for that month. But you have to take all of the 50 trades including the 40 that netted break even because you have no idea of outcomes. It has to be an emotionless game of probability. Again, another beauty of automation.

I agree. In fact that exact scenario happened to me last Monday. I will be attempting to stick to a max loss rule of $300. Everything was stretched on Monday due to the extreme volatility. I was using bigger targets and bigger stops so it followed that I would have a bigger max loss limit. But my mistake was going from -$200 to -$1000 in one trade, essentially. Alas, my psychology continues to be my Achilles heel.

I'm working on trying to take all setups that meet my criteria. But if I make more than $100 early in the day, I prefer to switch to the simulator and practice with my demo account.

Thanks for your comments. I'm still very new to this so it helps to get some input from others.

-bbdsan

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  #162 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I had two losses today. My first loss was due to a bad read of the PA coupled with poor execution. I saw a 2nd entry long setup but I was late to get my buy order in where it needed to be. I missed the entry, which would have been good for a 6-tick scalp (nothing more). After the little spike up I placed a limit buy order back where I wished I had gone long before. It was filled and prices dropped straight down.

I should have noticed that prices were trending down from the top of the range and that little pop up and back down had been the confirmation of the down trend line. The correct trade would have been a failed 2nd entry long, although this would have been a bit aggressive because there was some solid support about 5 or 6 ticks below.



I managed to make some winning trades after that 1st loss but they weren't all full-sized wins. I made one blind buy just below the previously mentioned support at 1969.50. It was not a smart trade at all but I managed to get out of it with 4 ticks of profit anyway. At that point I was up $41.38 on the day.

My 2nd loss of the day was a legit 2nd entry long but I didn't realize the up-channel I was trading was about to fail. I neglected to draw a line across the 3 recent highs and realize that prices were making lower highs. A new down-channel was setting up. I can tell that a lot of traders got trapped there just like I did because prices shot down very steeply.

That was a full 12-tick loss and I was back in the red to the tune of -$112.14. I was able to take two more trades after that and finish the day with a micro profit. I wanted to trade after 12:00 but I was busy with work (I work from home, starting at 12:00 now). I tried to take a couple longs but I just wasn't able to focus enough to put my orders in on time. Plus I was leery to trade that late in the day when I don't have enough time to make up for a mistake.

8/31/2015 +$5.82, 7 wins, 2 losses









-bbdsan

 
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  #163 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Looks like I am back to the simulator for a while. I'm going to try to do some psych work at the same time. Big down day today, comments in the charts.

9/1/2015 -$694.18, 4 wins, 5 losses







I still have a little more than $200 in my account but it's not enough to trade with. I'm going to see if my broker will allow me to put the account on hold so I don't have to pay the $15/mo fee.

The last time I blew out my account and went back to sim only, I had a goal of making $3000 trading only single contracts. This time my goal will be $50,000 trading 10 contracts. I want to get more experience with managing runners.

I managed to get several sim trades today after I was finished with the live trading.

9/1/2015 +$2328.60, 6 wins, 1 loss


-bbdsan

 
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  #164 (permalink)
TonyP
Denver CO/USA
 
 
Posts: 5 since Sep 2014
Thanks: 1 given, 4 received

I give you credit for posting all of your trades live and not sugar coating anything. It's easier said than done to focus on the psychology of things. You have MC it appears, not sure if it's .net or non-.net version. You should seriously consider automating your trading and taking time to focus on the underlying algorithm (the conditionals used to enter and exit trades). Automation will essentially eliminate the emotional aspect (to an extent) and bring discipline to your trading. Replay mode also I don't think is a true measure of performance. Because of (a) no real money on the line and (b) you don't know how you are filling in terms of the bid and ask, so you are likely not truly measuring your fills thus overstating performance.

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  #165 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I regret that I've been away from my journal for several days now. I have been trading my demo account last week and today. I've been over-trading and lost money every day with the exception of a small profit on Friday.

I don't like that I've been over-trading and doubling down, even tripling down with my sim trading. I did a lot of that earlier this morning and I was feeling really bad about my trading. I felt really hopeless.

I went on my morning run with my girlfriend and we talked about it. I explained that I've been trading much differently in my demo account than I would with a real account. I've been taking positions without a clear by-the-rules entry setup, doubling and tripling down, counter-trend trading, etc. I decided to reset my demo account and try to trade exactly as I would with a real account. I will only trade one contract at a time. And for the rest of this week I will only enter positions based on a valid 2nd entry with the current trend. No buying or selling blind, no measured moves, not even failed 2nd entries. All week long I will focus on that one rule - only enter after a two-legged pullback to the trend line and/or EMA.

My goal is to make $5000 in my demo account, trading only a single contract. Last time it was $3000. This time it's $5000. Once I reach that goal I will allow myself to deposit some more cash into my real account and try again.

-bbdsan

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  #166 (permalink)
kraken
Sarnia, Ontario, Canada
 
 
Posts: 3 since Apr 2015
Thanks: 0 given, 7 received


bbdsan View Post
I regret that I've been away from my journal for several days now. I have been trading my demo account last week and today. I've been over-trading and lost money every day with the exception of a small profit on Friday.

I don't like that I've been over-trading and doubling down, even tripling down with my sim trading. I did a lot of that earlier this morning and I was feeling really bad about my trading. I felt really hopeless.

I went on my morning run with my girlfriend and we talked about it. I explained that I've been trading much differently in my demo account than I would with a real account. I've been taking positions without a clear by-the-rules entry setup, doubling and tripling down, counter-trend trading, etc. I decided to reset my demo account and try to trade exactly as I would with a real account. I will only trade one contract at a time. And for the rest of this week I will only enter positions based on a valid 2nd entry with the current trend. No buying or selling blind, no measured moves, not even failed 2nd entries. All week long I will focus on that one rule - only enter after a two-legged pullback to the trend line and/or EMA.

My goal is to make $5000 in my demo account, trading only a single contract. Last time it was $3000. This time it's $5000. Once I reach that goal I will allow myself to deposit some more cash into my real account and try again.

-bbdsan

Hey bbdsan,

I'm not sure if you have tried this but I may have a useful tip for you. You can implement this right away to keep you disciplined. If you are talking about your progress with your girlfriend, starting tomorrow or whenever you start trading after resetting your demo account, record your performance (P&L, # of trades, P&L per trade) and send it to your girlfriend. The more people you are willing to share your results with, the more effective this strategy will be. The people you share these results with must know you! It cannot be forums because forums allow you to hide under the veil of anonymity. This helped me stay disciplined and made it easier for me to accept the losers.

To take this one step further, you can assign a penalty fee ($50 or any amount that will make you cringe) every time you 'tilt' (if you are not aware of this term, I encourage you to look it up. This was the hardest obstacle I had to overcome), remove/widen your stop, etc.

Also, one more note of caution: if you start off with a good week in your demo account, be especially aware of your tendency to tilt. The more you personalize success, the higher the tendency to tilt. This is not a rule of thumb, it is simply my perspective and experience

Hope this helps

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  #167 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received


kraken View Post
Hey bbdsan,

I'm not sure if you have tried this but I may have a useful tip for you. You can implement this right away to keep you disciplined. If you are talking about your progress with your girlfriend, starting tomorrow or whenever you start trading after resetting your demo account, record your performance (P&L, # of trades, P&L per trade) and send it to your girlfriend. The more people you are willing to share your results with, the more effective this strategy will be. The people you share these results with must know you! It cannot be forums because forums allow you to hide under the veil of anonymity. This helped me stay disciplined and made it easier for me to accept the losers.

To take this one step further, you can assign a penalty fee ($50 or any amount that will make you cringe) every time you 'tilt' (if you are not aware of this term, I encourage you to look it up. This was the hardest obstacle I had to overcome), remove/widen your stop, etc.

Also, one more note of caution: if you start off with a good week in your demo account, be especially aware of your tendency to tilt. The more you personalize success, the higher the tendency to tilt. This is not a rule of thumb, it is simply my perspective and experience

Hope this helps

I appreciate your suggestion and agree with the concept. Yes, I'm familiar with going on 'tilt' at the poker table, or the golf course

I'm thinking I can implement kind of a "swear jar", where every time I go on 'tilt' I put $50 in the jar. That will put a little sting on it whenever I break the rules, where normally there are no repercussions. So while I'm trading my demo account, I'll be getting valuable practice and also saving up some money for the next time I want to make a deposit.

Thanks!

-bbdsan

 
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  #168 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Results for today's demo trading:

9/8/2015 -$10.56, 2 wins, 1 loss




Beginning tomorrow I will implement the $50 "swear jar" where I put $50 in the jar if I break the rules.

You can see in my 3rd trade today that the 2nd entry short turned into a failed 2nd entry short. Yet since I told myself I would not take any trades other than 2nd entries, I could not go long there even though I wanted to.

What I'm going to do from here is trade to the best of my ability, taking legitimate entry setups including failed 2nd entries, breakout-pullbacks, etc. At the same time I am going to focus on strictly obeying 3 rules:
  1. Never trade more than 1 contract
  2. Never move my stop further from my entry point (closer is okay)
  3. Never buy or sell blindly

Any violation of the rules will be penalized by putting $50 into the "swear jar". My girlfriend will help hold me to this new plan, if I ask her to.

<big sigh> Some day I'll look back at all this and laugh, right?

-bbdsan

 
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  #169 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

And here is my best guess at what Mack's chart will look like tonight:



-bbdsan

 
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  #170 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

One positive thing I can say about my trading today is that I followed my rules. I didn't trade more than 1 contract at a time. I didn't buy or sell blindly. And I never moved my stop further from my entry point. I was using a 5-tick target and 10-tick stop.

On the other hand I spent almost the entire day in bottom picking mode. I bought nearly every up-tick from the most recent low bar and got burned so many times it was ridiculous. The handful of short positions I took were when the market was correcting back up, so I lost most of those too.

Today was incredibly ugly and my $5000 sim trading goal is a very long ways off now.

9/9/2015 -$1623.20, 15 wins, 20 losses

Instead of showing my actual trades, I went through the chart and marked all of the correct entries, which should hopefully match up with Mack's chart tonight.






-bbdsan

 
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  #171 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Last night I traded a day on replay and today I traded live on the simulator. Both sessions were positive and I was able to recuperate some of yesterday's harrowing sim losses. I'm doing a little better with following the current trend, not trying to catch a reversal, and not counter trend trading. I'm trying to be more patient and wait for good setups, even though I missed several good trades today. Just taking it one day at a time, I guess.

8/5/2014 +$219.90, 5 wins


9/10/2015 +$282.40, 5 wins






-bbdsan

 
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  #172 (permalink)
Marsnmars
Australia
 
 
Posts: 1 since Jul 2014
Thanks: 17 given, 0 received

Just wanted to ask if you think Mack's system is tradeable in real time for profit now that you have substantial experience with it?

I have been trying it out for 2 months and so far I am unconvinced by it and am not sure he hasn't just come up with arbitrary rules that he then cherry picks on the chart the next day for the review video.

I am no where near as good as he or others are at the method but do you think its worth persevering with it?

 
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  #173 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received


Marsnmars View Post
Just wanted to ask if you think Mack's system is tradeable in real time for profit now that you have substantial experience with it?

I have been trying it out for 2 months and so far I am unconvinced by it and am not sure he hasn't just come up with arbitrary rules that he then cherry picks on the chart the next day for the review video.

I am no where near as good as he or others are at the method but do you think its worth persevering with it?

100% YES!

I've watched so many of his videos and I am completely convinced that he is the real deal. I also subscribe to the premium section of his web site (for the small sum of $99 per year). There is just too much evidence to support the fact that he is doing this for real and makes his living scalping 4 ticks at a time. Plus I am quite sure he catches some big runners as well.

Some of his videos from last year show a couple of his actual trades on the chart (after he turns on the "show historical orders" option). I honestly don't think he is sophisticated enough to fake that.

The final feather in his cap is that I myself have been able to do this. It's only when I break the rules or lose patience that I lose money. When I am disciplined and patient, I can catch the same type of trades that he highlights every day - in real time.

Sometimes I misread the PA due to lack of experience, too. But I can always go back and find my error - find a PA reason why I shouldn't have taken that trade.

My problems are almost 100% psychological, nothing to do with any weaknesses in Mack's system.

-bbdsan

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  #174 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Here are my results from Friday:

9/11/2015 +$12.86, 5 wins, 2 losses








And today:

9/14/2015 -$167.60, 3 wins, 2 losses





I broke the rules today and had to pay a $50 penalty into the "swear jar". Then I lost my internet connection and had no way to recuperate any of my losses. I really seem to be struggling a lot the last few weeks. I'm not sure what's going on, I'm just having a hard time with every aspect of this, from reading the PA to following my rules. Feeling pretty low.

-bbdsan

 
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  #175 (permalink)
kraken
Sarnia, Ontario, Canada
 
 
Posts: 3 since Apr 2015
Thanks: 0 given, 7 received


bbdsan View Post
Here are my results from Friday:

9/11/2015 +$12.86, 5 wins, 2 losses
Attachment 192893
Attachment 192894
Attachment 192895
Attachment 192896
Attachment 192897
Attachment 192898
Attachment 192899

And today:

9/14/2015 -$167.60, 3 wins, 2 losses
Attachment 192900
Attachment 192901
Attachment 192902
Attachment 192903

I broke the rules today and had to pay a $50 penalty into the "swear jar". Then I lost my internet connection and had no way to recuperate any of my losses. I really seem to be struggling a lot the last few weeks. I'm not sure what's going on, I'm just having a hard time with every aspect of this, from reading the PA to following my rules. Feeling pretty low.

-bbdsan

I know exactly how you feel, bbdsan and it hurts even more because you broke the rules. I was there at one point in my journey too. You probably can't help but think how you may have performed had you not broken those rules and how you perhaps could have been more selective. Don't worry about it. You are persistent and trying hard. I bet you'll feel just fine tomorrow morning. Give it a rest, take a break, do something else

You have been struggling a lot for the past few weeks most likely due to a few factors

1) You broke your rules
2) You don't have a reliable system
3) Your risk/reward is unfavorable

The easiest thing to fix in the list above is risk/reward. I have seen you post that your average wins are usually 4 ticks and losses are 8 ticks. I highly urge you to change that. Hold on to your winners longer and get out of your losers quickly. Try a 1.5:1 reward:risk to start with or at least 1:1.

Now, on the point of a reliable system, you may need to change the way you are approaching the markets. Find another way of filtering your trades. One option may be as simple as not trading into support or resistance. Go to a 60 min chart every morning. Identify support, resistance and key levels where the market has pivoted off of and use them to your advantage. In my experience, trading less is much more effective than otherwise.

As far as point #1 is concerned, this is a phase almost every new trader goes through. You want in on the action, you don't want to miss out on any opportunity and, as a result, you feel compelled to take that next trade even if it means breaking your rules. The only thing I can suggest is if you are making mistakes, try to make them quickly. You don't want this to turn into a habit.

Although the volatility has been great, the market has been challenging with a lot of sideways, range bound action. Need to be very careful in these environments.

Good luck!

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  #176 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Yesterday I had to put another 50 bucks in the "swear jar" for breaking the rules. I really lost my shit near the end of the session. I doubled down on a counter trend trade that I had taken out of frustration after being stopped out of a really poor long entry. After that loss I had another poor long entry go against me and ultimately I ended up with a 4 contract short position that I held for 7.5 ticks average profit, bringing my losses back to about $150. So really, it was an exercise in fantasy land since I won't be able to trade 4 contracts in the real world until much further down the road.

I felt really discouraged after trading yesterday and felt like I was just ready to give up. I keep making mistakes. I keep losing my shit and revenge trading. I keep breaking the rules. I keep losing patience and taking poor entries. I keep counter trend trading.

Then I did some psych work last night. I won't go into it here but it did help me feel better and get some clarity. So, I'm not giving up yet. I'm going to keep working on myself and my issues in some new ways I haven't done before.

Anyway, enough of that. Here are my charts and comments for yesterday.

9/15/2015 -$147.34, 9 wins, 6 losses





-bbdsan

 
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  #177 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

My trading today was much improved. I even avoided taking a counter trend trade that would have been stopped out. I mean I had the order in and everything. But I caught it in time to cancel the order and avoid making that same damned mistake.

One thing that was cool about today is that 4 of my 5 trades were ones that Mack identified in his video tonight. There was one that I thought was a legit failed 2nd entry short but he said he wouldn't have taken it because you had to go long at what was then the high of the day. It worked out in my favor but I understand what he's saying. It's almost never a good idea to go long at the HOD or short at the LOD. It only works if the trend is very strong and today's trend didn't really qualify.

Anyway, I got some back today and I'm still in the game. Just fighting my demons one day at a time.

9/16/2015 +$194.90, 5 wins




I hope everyone had a good day.

-bbdsan

 
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  #178 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Except for one trade where my stop was taken out just as the FOMC rate announcement came out, today's trading was excellent. I'm on a comeback trail and my now my demo account is only down $1025.

9/17/2015 +$212.86, 6 wins, 1 loss







I'm finished for the day. I hope everyone made money today!

-bbdsan

 
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  #179 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I had a rough start today but I was able to stage a pretty awesome comeback. Comments are directly on the charts.

9/18/2015 +$241.74, 10 wins, 3 losses






I hope everyone has a great weekend!

-bbdsan

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  #180 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I don't really want to discuss yesterday. Let's just say I had to feed $200 into my "swear jar" because I broke the rules so many times. It was one of those "by any means necessary" type of days. In the end I was able to break even (up $10.06) but by the time it was over I had moved my stop twice and doubled down twice, hence the 4x penalty going to my jar.

The $200 penalty was pretty damn painful, I must say. It definitely had me thinking twice a few times today.

I didn't trade the full day today. I traded a little in the early morning before going on my run. My girlfriend and I are up to 4 miles a day now. When we got back I made a few more trades, all of them wins (although at least 4 trades were just 1-tick wonders). I was up about $200 on the day and wasn't sure whether I should keep trading or call it a day.

I had some errands to run but I got back about 11:45 and started trading again. Of course I immediately took 2 losses and suddenly I was down $44. I scrambled right into the close and managed to get back to about the same place I was before going to do errands. I'm not too happy with how I was trading in that last part of the session. I completely misread the PA for the 1st loss then I jumped the gun for the 2nd loss. Ah well, live and learn. There's always tomorrow.

9/21/2015 +$10.06 (too many trades, don't want to bother with my charts)

9/22/2015 +$204.24, 10 wins, 3 losses





-bbdsan

 
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  #181 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Staying on the war path....

9/23/2015 +$196.84, 7 wins, 1 loss








-bbdsan

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  #182 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

One of the traders who regularly reads my journal introduced me to Topstop Trader. I looked into it and I'm really intrigued.

On the one hand, I don't like the idea of paying them to evaluate my trading. I can do that myself! I can compare my sim trading and results to the same rules and benchmarks that they use. I can also fund my own account and keep all of my profits, although I would be starting much smaller than even their smallest funded account.

On the other hand, I kind of like the idea of their 10-day combine. Instead of a nonrefundable monthly payment, it's a deposit that I get back if I follow the rules. In this case, "rules" is a bit of a misnomer. For example, one of their "rules" is that at least 45% of your trading days have to be profitable. That's not a rule, that's a performance metric. Same thing with the P / L average having to be greater than zero. Your performance has to be good enough to be net profitable.

A couple of their actual rules involve a daily loss limit and a maximum draw down. Of course I've heard of and understand these rules but the sad fact is, I have never implemented them. If I had been observing a strict daily loss limit a few weeks ago, perhaps I would still be trading live today.

Anyway, I like the idea of paying a deposit and the desire to get it back acting as a strong incentive to follow the rules - their rules and my own rules. It's like my swear jar but it packs a more real-world consequence. Even if I don't satisfy the profit objective after 10 trading days, I can still get my deposit back and try again.

First things first, I settled on their 5-lot plan:
Daily loss limit: $1000
Max draw down: $2000
Profit target: $3000

I will trade 4 contracts at a time, scalping out on 3 and keeping 1 as a runner. If I start the day with 2 losses (8 ticks each) then I will be down $829.44 including commissions. That leaves enough for 1 more single-contract trade. If I lose that trade as well, I'm done for the day. But if it's a winner I can do another trade and perhaps climb back out of the hole for that day.

If I get 2 wins per day (3 contracts x 4 ticks + 1 contract x 1 tick) and not a single runner, I'll profit $2955 in 10 trading days, including commissions. One runner would put me over the profit target and I could get funded.

I'm going to see if I can pass the combine with a practice account, before I try this for real. I started today and scored 2 wins fairly quickly, both with runners.

Day 1, 9/24/2015, +$570.56, 2 wins


-bbdsan

The following 2 users say Thank You to bbdsan for this post:
 
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  #183 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I started with a loss today and I was really anxious with my 2nd trade because I knew I would have to stick to my max daily loss rule if it was a loser. Fortunately it worked out and I went on to have a profitable day.

Day 2, 9/25/2015, +$349.18, 5 wins, 1 loss


Since Mack doesn't usually publish his chart lessons on Friday, I created my own. I hope you enjoy it.



-bbdsan

 
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  #184 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Successful day, albeit an arduous climb out of the hole...

Day 3, 9/28/2015, +$43.28, 7 wins, 2 losses



-bbdsan

 
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  #185 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Hit my max daily loss today

Day 4, 9/29/2015, -$972.90, 3 wins, 6 losses



-bbdsan

 
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  #186 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I'm still at it, and making progress. For the most part I've switched over to videos on YouTube.

Here's one I made this morning after avoiding a mistake / loss...



Hope you enjoy it,

-bbdsan

 
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  #187 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I continue to post daily chart review videos on my YouTube channel. Feeling better lately and managed to put together 3 winning days in a row. Here's a link to my most recent video


-bbdsan

 
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  #188 (permalink)
Drtro
Richmond Virginia, USA
 
 
Posts: 17 since Oct 2015
Thanks: 1 given, 11 received

Cool stuff. How consistent have you been with those trend lines? I've always considered things like trend lines, channels, fibs, etc. subjective and not very sustainable. But I do trade similarly to you. I trade on 10K volume interval with a 8 period SMA. I just trade using basic dow theory though, mostly looking for double bottoms, double tops, or 1-2-3 patterns off high/low of the day.

 
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  #189 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

Sometimes the trend lines aren't so critical, like today. But on a tight range day they can be very important. They can also help me find the start of bigger moves, which isn't relevant when I'm scalping singles. The shorter term trends help to identify when a counter trend move is losing steam and when it's safe to start looking for a good setup back with the trend. I use horizontal lines as well on more range-type days.

-bbdsan

 
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  #190 (permalink)
bbdsan
Sacramento, CA
 
 
Posts: 148 since Feb 2015
Thanks: 24 given, 74 received

I won't be making any further posts here. Follow my journey on YouTube if you like.

[yt]https://www.youtube.com/channel/UCnAOca0Si7AYbxBAJKHLgQg[/yt]

-bbdsan

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