NexusFi: Find Your Edge


Home Menu

 





One trade per day


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one jossfx with 21 posts (6 thanks)
    2. looks_two Keab with 2 posts (0 thanks)
    3. looks_3 jdox with 1 posts (0 thanks)
    4. looks_4 Tymbeline with 1 posts (0 thanks)
    1. trending_up 5,566 views
    2. thumb_up 6 thanks given
    3. group 5 followers
    1. forum 24 posts
    2. attach_file 18 attachments




 
Search this Thread

One trade per day

  #1 (permalink)
 
jossfx's Avatar
 jossfx 
Almeria / Spain
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaBrokerage/CQG
Trading: 6E, ES, CL, GC
Posts: 69 since Jun 2015
Thanks Given: 35
Thanks Received: 49

Hello friends.

My name is Jose, from Spain. I am not an expert in futures trading. In the past I have traded spot forex during my university years without much success. Now that I have finished my studies my dream is to become a full time trader. But I know this will be a very hard task. I have a year of testing to prove if I can be full time trader before starting the master's in quantitative finance. I will try in the measure be updated my journal but my English is not the best and this may pose some problems. I will not explain in detail my strategy because the most important thing in my trading are the skills.

Setup:

Broker: NinjaTrader
Data: CQG
Risk: 0,33% per trade ~ 100$
Profit: 0,33% - 0,66% per trade ~ 100$ - 200$
Contracts: 1

Instruments: 6E, 6B, 6A, 6C, 6J, 6S, 6N, ES, CL, GC


I hope you enjoy with my trading journal

Thanks,
Jose

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Deepmoney LLM
Elite Quantitative GenAI/LLM
Are there any eval firms that allow you to sink to your …
Traders Hideout
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Futures True Range Report
The Elite Circle
 
  #3 (permalink)
 
jossfx's Avatar
 jossfx 
Almeria / Spain
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaBrokerage/CQG
Trading: 6E, ES, CL, GC
Posts: 69 since Jun 2015
Thanks Given: 35
Thanks Received: 49


01/12/15

6E +8 ticks 100$ profit


Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #4 (permalink)
 
jossfx's Avatar
 jossfx 
Almeria / Spain
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaBrokerage/CQG
Trading: 6E, ES, CL, GC
Posts: 69 since Jun 2015
Thanks Given: 35
Thanks Received: 49

02/12/15

I decided to make a second trade because the first loss was very small

6N 2 trades -3 ticks and +10 ticks
total: 70$ profit


Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #5 (permalink)
 jdox 
Chicago, Illinois
 
Experience: Intermediate
Platform: Ninja
Trading: ES
Posts: 78 since Mar 2013
Thanks Given: 776
Thanks Received: 62

oops. Might need to change the title of the thread

Reply With Quote
  #6 (permalink)
 
jossfx's Avatar
 jossfx 
Almeria / Spain
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaBrokerage/CQG
Trading: 6E, ES, CL, GC
Posts: 69 since Jun 2015
Thanks Given: 35
Thanks Received: 49


jdox View Post
oops. Might need to change the title of the thread

really you can expect a only trade in 99% of the days

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #7 (permalink)
 
Tymbeline's Avatar
 Tymbeline 
Leeds UK
Market Wizard
 
Experience: Intermediate
Platform: Tradovate
Broker: Tradovate
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 644 since Apr 2015
Thanks Given: 2,342
Thanks Received: 1,054


jdox View Post
oops. Might need to change the title of the thread

I was going to say (but didn't like to) ... unless you're trading something time-specific like "the first opening range breakout", perhaps, it's not easy to understand the logic of limiting yourself to one trade per day: it can mean missing or excluding an even better set-up, a trade with a bigger edge, just on the grounds that you've already traded once? I know people's perspectives differ on the point, but it's always seemed to me that if one has an edge, one should be applying it to the market whenever one gets a genuine opportunity?

Wishing you well with your journal.

Reply With Quote
  #8 (permalink)
 Keab 
London UK
 
Experience: Intermediate
Platform: SierraChart/Prorealtime
Broker: Sierra Chart/prorealtime
Trading: SandP futures
Posts: 510 since Jul 2013
Thanks Given: 122
Thanks Received: 316

If you're trading futures and paying for data then you really should be looking at the advantages that trading futures give you. I can see you have delta loaded but that's half the story. Can I suggest you look at volume profile to start with. If using Ninjatrader you can download a Gom MP indicator if you pay $100 to join bigmike's elite circle. Do some research before committing though!

Also, here's a quick idea-you see those big aggressive bars on the delta? Why not come up with a plan that gets you to trade with them and not against them?

Reply With Quote
  #9 (permalink)
 
jossfx's Avatar
 jossfx 
Almeria / Spain
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaBrokerage/CQG
Trading: 6E, ES, CL, GC
Posts: 69 since Jun 2015
Thanks Given: 35
Thanks Received: 49


Tymbeline View Post
I was going to say (but didn't like to) ... unless you're trading something time-specific like "the first opening range breakout", perhaps, it's not easy to understand the logic of limiting yourself to one trade per day: it can mean missing or excluding an even better set-up, a trade with a bigger edge, just on the grounds that you've already traded once? I know people's perspectives differ on the point, but it's always seemed to me that if one has an edge, one should be applying it to the market whenever one gets a genuine opportunity?

Wishing you well with your journal.


Thank you for the advice.

The reason I prefer a one trade per day, it's psychological and based on my experience I get better results. I put all my attention on beat the market once a day. And this works better for me at the moment. In the future maybe go increasing the number of trades per day. But time will tell me when I'm ready for this.

Thanks brotha for participating

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #10 (permalink)
 
jossfx's Avatar
 jossfx 
Almeria / Spain
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaBrokerage/CQG
Trading: 6E, ES, CL, GC
Posts: 69 since Jun 2015
Thanks Given: 35
Thanks Received: 49



bootsyjam View Post
If you're trading futures and paying for data then you really should be looking at the advantages that trading futures give you. I can see you have delta loaded but that's half the story. Can I suggest you look at volume profile to start with. If using Ninjatrader you can download a Gom MP indicator if you pay $100 to join bigmike's elite circle. Do some research before committing though!

Also, here's a quick idea-you see those big aggressive bars on the delta? Why not come up with a plan that gets you to trade with them and not against them?

Yes, I have GomMP installed. But I'm not interested in. I tried but I don't take advantage from GomMP.
I have my own interpretation of CD based on my experience. At the moment I'm fine with my rules, and I do not intend to change them for now.

Thanks for participation and look forward seeing you here soon.

sorry if my english is not the best

Visit my NexusFi Trade Journal Started this thread Reply With Quote




Last Updated on May 31, 2016


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts