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Back in the Markets and Pivoting from Opts to E-Minis - To Profitable Trading!
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Back in the Markets and Pivoting from Opts to E-Minis - To Profitable Trading!

  #21 (permalink)
Trading for Fun
West Java
 
Futures Experience: None
Platform: MotiveWave
Favorite Futures: AAPL, Bund, FX
 
Posts: 145 since Apr 2014
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Lady View Post
A local university said I can come by and use their Bloomberg Desk... Anyone played with it lately... Good to learn or no longer relevant?

Only if you're curious enough on what happened behind the chart (fundamentals)

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  #22 (permalink)
Elite Member
Medellín, CO
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Playing with eMinis, coming from Options
 
Posts: 71 since Jun 2015
Thanks: 14 given, 36 received

hm


Thxo View Post
Only if you're curious enough on what happened behind the chart (fundamentals)

Do fundamentals actually matter anymore for day or swing trading? Especially on e-minis?

Would assume they may have a modicum of relevance if you're developing models or automated trading systems (use of certain words during reporting...)

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  #23 (permalink)
Trading for Fun
West Java
 
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Favorite Futures: AAPL, Bund, FX
 
Posts: 145 since Apr 2014
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Lady View Post
Do fundamentals actually matter anymore for day or swing trading? Especially on e-minis?

Different people will give you different answer.
in my opinion yes it is.
I think currency is one of the easiest to trade with FA/Sentiment. The reasons are many, but basically we have two parts to compare.

I had read somewhere that E-Mini (intraday) is more easier with technical or orderflow based analysis.

Lady View Post
Would assume they may have a modicum of relevance if you're developing models or automated trading systems (use of certain words during reporting...)

Very possible, i bet millions are already doing it.
this is not the most relevant example out there, it just the one that comes to mind http://www.rinfinance.com/agenda/2013/talk/JiahanLi.pdf
although not much (around ~1%) there's some form of linear predictability. But such an edge is still edge when translated into p/l as you can see from the studies.
If linear models using simple predictors can achieve such results, maybe our non-linear human mind can fare better.

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  #24 (permalink)
Elite Member
Medellín, CO
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Playing with eMinis, coming from Options
 
Posts: 71 since Jun 2015
Thanks: 14 given, 36 received

First semi return

Getting back in. Playing around Momentum and intensity. Getting a hang of things again...

Looking at trends and multi instrument divergences.
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My log, a pretty good run but a lot of draw down.
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Clearly need to manage my stops, but good 14 to 7 p/l now I have to stick to rules of entry and exit and knock them into my head...
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  #25 (permalink)
Elite Member
Medellín, CO
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Playing with eMinis, coming from Options
 
Posts: 71 since Jun 2015
Thanks: 14 given, 36 received

craziness of today

I accidentally entered a naked contract... and decided to just go with it... did not get stopped out... and managed an almost 90% p/l with $10,000+ for the day (real time in sim)

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  #26 (permalink)
Elite Member
Medellín, CO
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Playing with eMinis, coming from Options
 
Posts: 71 since Jun 2015
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GOT A STRATEGY!

Came up with strategies. They are pretty tight, do not happen often but are pretty risk averse.

For Up Trends
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Used them for a bit and when I stuck to the rules, I made good money... But they do not happen often, so I cowboyed in chop which gave money back... SOMEBODY needs to amend for bad behavior by executing 20 of these and only these...

The trade plan rules are:

Locate a trend by compering multiple time period charts.
Locate Support and resistance levels
Calculate STOP LOSS and TAKE PROFIT
Apply MONEY MANAGEMENT for MAX RISK
Calculate how many Ticks is Max Risk
Buy off SUPPORT OR RESISTANCE, after it has been tested
Move to break even plus 1 tick.
Add another position.

I'm going to structure it off $2000, yes I know, but limits are good. When I live trade, I have $5000 for start but only risk off $2000... So my position size is one contract... So my Max tick risk for 1-3% are:

Risk ES NQ TF/CL
$60 3% 5 12 6
$40 2% 3 8 4
$20 1% 2 4 2

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  #27 (permalink)
Elite Member
Medellín, CO
 
Futures Experience: Intermediate
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Favorite Futures: Playing with eMinis, coming from Options
 
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Thanks: 14 given, 36 received

Crawling My way Back

So it's been a while. Chose to focus on family, new county, new home, new husband, tried for kids for 2 years and now have a sweet and adorable 6 month old boy. As hormones and lack of sleep are not exactly the best for head space for trading. We'll see how this will go.

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  #28 (permalink)
Market Wizard
Reading UK
 
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Lady View Post
So it's been a while. Chose to focus on family, new county, new home, new husband, tried for kids for 2 years and now have a sweet and adorable 6 month old boy. As hormones and lack of sleep are not exactly the best for head space for trading. We'll see how this will go.

Good luck. I'll be following your journal with interest. How do you deal with the intense emotional rollercoaster, meditate,walk,socialise,sleep,exercise,special diet...something else?

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  #29 (permalink)
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Wiltshire, United Kingdom
 
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Lady View Post
Chose to focus on family, new county, new home, new husband, tried for kids for 2 years and now have a sweet and adorable 6 month old boy.

Many congratulations.

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
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  #30 (permalink)
Elite Member
Medellín, CO
 
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Favorite Futures: Playing with eMinis, coming from Options
 
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work in progress



Grantx View Post
Good luck. I'll be following your journal with interest. How do you deal with the intense emotional rollercoaster, meditate,walk,socialise,sleep,exercise,special diet...something else?


haha, that's a constant work in progress, no?

The best I have found is being aware of your heart rate and breathing and actively managing it. Not an easy thing. But when I was in middle school and high school I learned to control body temperature, and you can raise your body temperature by accelerating your heart rate with your breathing and tension of your body. Used that for a noble cause of getting sent home by the nurse haha. Still not a master, doubt I ever will be, but the mechanics are similar, reduce heart rate and breathe well with awareness. At least that's how it was before... Now I have to find a way to manage by breath while managing a monkey... should be interesting.

I am not a zen person in life, hard to fight nature, I've talked with my hands my whole life. And my head is typically going 100 miles an hour (it's gotten a lot better since moving out of the US, used to go 1000 miles an hour). And I could never make it through a whole yoga class or day nap in my life so those are definite no. I do mostly eat a clean ethnic diet of mostly unprocessed grains, meats, and vegetables, a lot of fermented foods, and not a lot of sweets outside of fruits which helps with cognition. I'm a strongly into neurological function and the blood brain barrier function (central nervous system function), which is impacted by your digestive system (I'm not into drugs proscribed or otherwise as they tend to have long term impact by messing with gene expression and receptor connections, "messing with your head"). Ethnically (Russian), my culture has an obsession with the Lymphatic system function, which is also a big factor in managing neurology. The irony is that science is just discovering that there are connections between those, when my culture has been practicing strengthening the lymphatic system for centuries but science is just now coming out that it being important in brain function. If all that interests you, there is also the emerging area of Epigenetics which is great for understanding how the brain part of the machine (your body) functions. And if you have a better understanding of why you do what you do and how the mechanisms work and what impacts them, it can give you insight no how to control them. It's being your own scientist after that, experimenting and taking notes haha.

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