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Zen & the Art of The Small Account
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Zen & the Art of The Small Account

  #351 (permalink)
Elite Member
Italy - Roma
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: IB
Favorite Futures: Index futures
 
jagui's Avatar
 
Posts: 195 since Jul 2010
Thanks: 248 given, 278 received

Good job az, have a nice weekend.

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  #352 (permalink)
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In the heat
 
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PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
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bad data day

I left my charts open while I was gone over the weekend. and something nasty happened. Not sure but I had a net losing day before I figured out my data was wrong. Reset my charts but the damage was done. Spent my ticks for the day. Currently looking at recovering some of that but truth is the movement is slow and I get impatient when its slow and I don't trade well. Its a discipline thing.

Probably better to just pick it up again tomorrow.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
 
  #353 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


Hi,

What is the best broker for small account?

Mirus is the preferred for CL with $1,000 day trade margin for 1 contract but Zen data face frequent disconnection from what I've read in this forum.

Other brokers have higher day trading margin and have separate fees for data, platform and exchange fees.

 
  #354 (permalink)
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torroray View Post
Hi,

What is the best broker for small account?

Mirus is the preferred for CL with $1,000 day trade margin for 1 contract but Zen data face frequent disconnection from what I've read in this forum.

Other brokers have higher day trading margin and have separate fees for data, platform and exchange fees.

I really don't know the answer to this question. I am getting ready to switch to Mirus soon. I am waiting still for some legal stuff to finalize at the state. I thought it was finished but as of right now, its still pending. Once that is completed, I'll open a new account at Mirus with the new legal entity name. Other than that, I don't know. I am going with Mirus for now.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
 
  #355 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
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torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received

Hi,

https://futures.io/brokers-data-feeds/5594-why-zen-fire-preferred.html

 
  #356 (permalink)
Elite Member
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PandaWarrior's Avatar
 
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+5 ticks today

I was up 13 ticks and took the first signal of the extended chop area. I was stopped out and netted 5 ticks today.

I missed several nice trades due to a weird thing. Prices kept disappearing off the bottom of my chart and I had a real difficult time keeping prices on three charts visible and large enough to read. I am using a 24 inch monitor and have not had this issue before. Does anyone have any ideas about how to prevent this in the future?

Other than that, it was a reasonable day. The last trade was a bummer but that happens right? If the chart issue had not arisen, I think my tick count would be around 30 or as I saw the trades setting up but my entry point just kept disappearing on me.....

I had a total of 6 trades. Two or three BE+1 or 2 ticks. Then a 10 tick winner then a 2 tick close trade that I should have left open and the full stop. Overall, it was a C trading day. All of the aspects could have been better managed. I don't regret any of the trade selection choices only management of them.

I am getting better every day. The trades are coming more and more easily in terms of entering when I need to although I still hesitate sometimes. When I do, I just don't chase the trade. I wait for the next one. My experience is that chasing after hesitating always leads to unpleasantness.

I'll start posting my charts again soon. I've just not felt like it for a while.

Cheers....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #357 (permalink)
Elite Member
Arizona
 
Futures Experience: Intermediate
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Posts: 154 since Jun 2009
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Hi AZ,

Do you have your charts set to auto-scale or manual?

Mahlon

 
  #358 (permalink)
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You can simply drag the vertical scale to change what is included in the chart.

 
  #359 (permalink)
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In the heat
 
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Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received


jagui View Post
You can simply drag the vertical scale to change what is included in the chart.

That works but results in a much smaller price bar. Almost impossible to see....at least thats what happened to me anyway.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
 
  #360 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

second ouch day in a row.


Ok today was a repeat of yesterday but worse. Turns out my entries are pretty darn good. My exits are crap right now....not the ones the system says to take but the actual ones I take. I've been moving my stop up once I have a little bit of green.....stupid dumb @$$ move. I'm not shooting for the moon here. Its just a modified scalp. So no "trail" stop needed. But I've done it two days in a row now.

I a couple of small winners, but your losers must be smaller than the winners and today it was reverse. Large losers and small winners.

Today it really hurt both in dollars and in pride. But once I figured out I was really close to revenge trading, I just quit. The only smart thing I did all day. Live to fight another day I say.

Tomorrow I will strive for more discipline in leaving my stops alone. I went through this in the sim challenge as well with the same results. Please no piling on here. I know I did it, I know I did it in sim with the same results and I know how to fix it.

My goal tomorrow: 1 trade held to either stop or target filled. Unless price action says exit before the stop is hit.

Cheers........

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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