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$5,000 Live trading account challenge - CL & ES


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$5,000 Live trading account challenge - CL & ES

  #191 (permalink)
 
mastadee's Avatar
 mastadee 
Mexico City, Mexico
 
Experience: Advanced
Platform: IB & NinjaTrader
Broker: Interactive Brokers
Trading: ES, CL
Posts: 733 since Jul 2013
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Well so far on BE trades, had 20T in total but was looking for my 20T target and move back to even $46.




Trade 1:

Entry: 46.20
Stop: 46.28

I went short when we came back down from the ONH and also when we broke OR-H. I quickly went lower and I pulled my stop to BE manually when I was +5T. The reason being it was still a counter-trend trade and it was a bit slow, hence just wanted to protect this entry. Right after I was stopped out, I also would've been stopped out at my stop as it traded back up...

Trade 2:

Entry: 46.24
Stop: 46.32

Again short, as it came lower and I thought it was like a 1-2-3 reversal, quickly +5T and pulled stop to BE manually again. Then stopped at BE and it went then back up to the pre-highs and I would've been stopped out at -8T.

Trade 3:

Entry: 46.22
Stop: 46.30

Again short and looking for a move towards even 46. Quickly went lower and when I was +9T I pulled it to BE manually only to see it go back up and being stopped out.

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  #192 (permalink)
 
mastadee's Avatar
 mastadee 
Mexico City, Mexico
 
Experience: Advanced
Platform: IB & NinjaTrader
Broker: Interactive Brokers
Trading: ES, CL
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And now I had 2 stop-outs..




Trade 4:

Entry: 46.18
Stop: 46.26

When it went lower again, thought we could finally make a move towards even 46...but just traded near entry and then a push up and stopped out.

Trade 5:

Entry: 46.22
Stop: 46.30

Again short as it came lower and I was quickly +3T onside but then again back up towards the ONH and stopped out...



Down $-175 for the session...

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  #193 (permalink)
 
mastadee's Avatar
 mastadee 
Mexico City, Mexico
 
Experience: Advanced
Platform: IB & NinjaTrader
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Trading: ES, CL
Posts: 733 since Jul 2013
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I had a couple more trades, one very unlucky as I had my stop at 46.41 and was stopped on that one, then reentered and made a profit. Will post the trade screenshots in a bit but managed to make some profits afterwards and currently down $-27. Slowly coming back

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  #194 (permalink)
 
mastadee's Avatar
 mastadee 
Mexico City, Mexico
 
Experience: Advanced
Platform: IB & NinjaTrader
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Trading: ES, CL
Posts: 733 since Jul 2013
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Thanks Received: 3,029

I had a couple more trades after the ones I posted in the morning but didn't have anymore after I was $-26.64 for the day. So all in all a break-even day and I was hoping for some trades on the ES but it was just too slow and didn't find any good opportunities.

Here is the rest of my trades:




Trade 6:

Entry: 46.30
Stop: 46.38

Reentered short as it went back down from the ONH, quickly onside +6T and manually moved my stop to BE. Then quickly back up and stopped out again. Of course annoying but later new HOD and would be stopped out.

Trade 7:

Entry: 46.34 & 46.41
Stop: 46.41

Reentered short as it quickly came lower from the new HOD but after entering just up and had a limit sell-order a couple ticks higher. Then very unlucky as I was stopped right on the new HOD and then back down again....

Trade 8:

Entry: 46.35 (2lots)
Stop: 46.43

I was already down $-270 for the session but when I saw I was stopped to tick and then it went lower I didn't even check how I was with my risk limit and just entered with a market order. It went lower straight away and quickly booked 3T on first lot as I didn't want to get stopped out and break my risk limit. So booked a tiny profit and put the 2nd lot back on just 2T above entry but it never went there to get a fill. I tried to hold the last lot for my 20T target but then moved target manually near pivot and reg-open which was hit for a profit of 16T.

Trade 9:

Entry: 46.38 & 46.47
Stop: 46.52

Again I went short after it made a new HOD and immediately came back down. But it didn't go my way and I thought I would add another lot near .50ish and have a my stop above OR-X1 and .50 level. Sometimes the .50 level act as resistance or support. After my 2nd lot was filled, it quickly came back to my avg entry and I took 1 lot off as I was too afraid that we just continue the uptrend. The 2nd lot I took off near the ONH, but that was obviously a mistake as it went back down to the OR-H

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  #195 (permalink)
 
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 mastadee 
Mexico City, Mexico
 
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And here my excel journal screenshot:



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  #196 (permalink)
 
mastadee's Avatar
 mastadee 
Mexico City, Mexico
 
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Well, not a good session overall, first I'm still not at a 100% as I'm still getting rid of my cold. Yesterday, I had to stay in bed all day with a fever but hopefully I'll be feeling much better tomorrow. Second, I couldn't really trade the whole session as I had to do some other business stuff as well. Third, started the day with 3 BE trades where I had like $200 in total if I would've booked profits while onside. However, even without pulling the stop to BE, I would've been stopped out. Also, when looking at the chart now, it was clearly a slow grind upwards and I was kind of biased that we should see a move towards even $46. All my trades were shorts and going against the trend, hence counter-trend trades should work quickly and I should not expect big profits! Counter-trend is only for small profits!! Hence, when entering these trades I can't really expect 20T!!

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  #197 (permalink)
 
mastadee's Avatar
 mastadee 
Mexico City, Mexico
 
Experience: Advanced
Platform: IB & NinjaTrader
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Thanks Received: 3,029

Here the overview from today



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  #198 (permalink)
 
mastadee's Avatar
 mastadee 
Mexico City, Mexico
 
Experience: Advanced
Platform: IB & NinjaTrader
Broker: Interactive Brokers
Trading: ES, CL
Posts: 733 since Jul 2013
Thanks Given: 1,262
Thanks Received: 3,029

and for completion, the month so far:



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  #199 (permalink)
 
mastadee's Avatar
 mastadee 
Mexico City, Mexico
 
Experience: Advanced
Platform: IB & NinjaTrader
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Good morning all,

here my daily prep

Attached Thumbnails
,000 Live trading account challenge - CL & ES-07-25-2017.pdf  
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  #200 (permalink)
 
mastadee's Avatar
 mastadee 
Mexico City, Mexico
 
Experience: Advanced
Platform: IB & NinjaTrader
Broker: Interactive Brokers
Trading: ES, CL
Posts: 733 since Jul 2013
Thanks Given: 1,262
Thanks Received: 3,029


2 Stop-outs and 3 small winners where my last trade would've finally got me my 20T...so only BE so far but the session is still long




Trade 1:
Entry: 47.20
Stop: 47.28

When I saw that the OR was established and we came back down from the OR-H and ONH, thought we could hear for the reg-open and also OR-L. Quickly stopped out as I tried to fade the trend...

Trade 2:
Entry: 47.27
Stop: 47.34

Well, again I tried to short, right after it sold off after we made a new HOD. But this time ONH and OR-H became support where it traded for like 5min and couldn't go lower. So I already thought I would get stopped out and moved my stop to the HOD which was later hit and then it made a new high. Again entered too early...

Trade 3:
Entry: 47.35
Stop: 47.41

Again short with a stop at HOD, risked a bit less than usual as I thought when we come back higher then it could easily trade up towards .50ish. Really slow and was trading near my entry for like 10min before it finally went a bit lower and I pulled my target up to the OR-H as it was so slow and I thought this might act as support again. Target of 6T hit and then it went back up towards the HOD.

Trade 4:
Entry: 47.34
Stop: 47.41

I reentered short again as it quickly came back down from the highs and again I put my target near the OR-H which was hit after like 13min. It did go a couple ticks lower but this area of OR-H and ONH acted as support again. It did make a new HOD afterwards.

Trade 5:
Entry: 47.34
Stop: 47.42

Again short after it made a new high and quickly sold off. I had to leave my desk for a bit and just put my target manually at OR-H again and when I came back it was hit but also my initial target of 20T would've been hit...quite stupid bc it was kind of probable that we would go lower on a 4th attempt. Normally when a level holds 2-3 times, the more it gets tested the more likely it is that it might get broken, which obviously happened...

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Last Updated on October 5, 2017


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