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


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

  #211 (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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Here my excel journal:



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  #212 (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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Obviously not the best session either as I tried to fade the strong move up and that I didn't hold onto my trades to be stopped or taken out at my profit target! Still finding it hard to not to book a profit at 5-6T as I normally do it when I trade with several lots but with 1 lot it is hard...Overall just a small gain today and normally on EIA Wednesday's it should be much more!!

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  #213 (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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and here you go:



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  #214 (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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not much to say really, just posting for completion



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  #215 (permalink)
TransAlp1989
Pembroke Pines FL/USA
 
Posts: 50 since Jul 2017
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mastadee View Post
Here are my trades 1 -6:



Trade 1:

Entry: 48.44
Stop: 48.36

Long right after I didn't get my fill. I put on a stop limit buy order at 48.18, just above the ONL before the release. However, it wasn't picked up and just traded through and higher so I just pressed market order after OR-H held. Quickly up and booked a small profit at 48.50 as I thought it might find some resistance. Just a small gain

Trade 2:

Entry: 48.52
Stop: 48.60

AFter it came down from the ONH, quickly in and then +6T and came back up so just closed it out. Later would be stopped out...

Trade 3:

Entry: 48.49
Stop: 48.57

Again short as ONH acted as resistance again. But too afraid to hold it longer as I thought the report was very bullish so again closed it out with a tiny gain.

Trade 4:

Entry: 48.59 + 48.69
Stop: 48.70

I tried to short after it came down from OR-X1 but it was too early as it just went up and up and I scaled in a 2nd lot just too see if yday-h would act as resistance but when my limit order at 48.69 was filled it then just stopped out 1 lot and I wasn't sure why. So just clicked close on my 2nd lot...really weird why the ATM didn't kick in and stopped me out on 2 lots when the stop was hit...

Trade 5:

Entry: 48.78
Stop: 48.86

Again short after the June 4th and 7th held as resistance which I had marked as a zone in my morning prep. It quickly went lower and I booked a tiny profit of 5T...then back up to my entry...but would not be stopped out

Trade 6:

Entry: 48.71
Stop: 48.79

As it went down again, I was looking for a move towards the yday-h with a potential break...but it went straight against me and I was almost stopped out as it traded up to 48.78 - 4 times. Never thought it would come back down as it was so close to a stop out but then it did. I then put my target to yday-h at 48.66 but of course we all know that it went all the way to 47.85...stupid bc 20T target easily hit --> patience!!!!!



Trade 7:

Entry: 48.02
Stop: 47.94

After the crazy drop in just a couple seconds, I saw that we came back up above even 48 and just went long after it held. But I was too afraid it would back down and just exited with a tiny profit of 5T...again much higher and target of 20T hit....again stupid

Trade 8:

Entry: 48.57 + 48.66 + 48.68
Stop: 48.72

After it slowly grinded up, I went short when it came lower from OR-X1 and ONH and after release support. As we broke it early, thought it might act as resistance but volume was so low and it just continued to grind higher so I manually put my stop above 48.70 (support from 9:41am - 9:47ish), when I had 2 lots and it came to my entry just took 1 lot off but again OR-X1 and ONH acted as support again. So it went higher and just had a sell limit order at the highs from 5min ago. I was later filled and again it went back to my entry and again I took 1 lot off. Reason being that it was so slow and thought we just continue to trade higher, so just left 1 lot on. Then it came close to being stopped out as it came within 1 tick...but then it sold off again and I had a limit buy order right at the ONH, filled and done with CL.

I was looking for some movement with the FOMC statement but it was a non-event and then I didn't trade anymore...


Great effort on your part.
What was your P/L for the day?

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  #216 (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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TransAlp1989 View Post
Great effort on your part.
What was your P/L for the day?

only a small gain of $128.08

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  #217 (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

Hi, just to let y'all know that I wont be trading tomorrow. I'm back for the session Friday though! Good trading all tomorrow!


Sent from my iPhone using futures.io

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  #218 (permalink)
 Sk8ter 
Beaverton, Canada
 
Experience: Beginner
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mastadee View Post
wow kind of crazy moves....need to look at a 5 second chart!!!! to see my trades....last 2 trades pretty shitty as my targets would've been easy hit but too afraid to hold as this 100T move down didn't make sense to me. But well, I guess just lots of longs and their stops got hit...


Didn't make sense to me either, caught me off guard and was so fast. Seemed like they sold it off quick and rebought it all back lower down. Filled the gap from yesterday, if that's what their intent was, but still have unfilled gaps from prior days.

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  #219 (permalink)
TransAlp1989
Pembroke Pines FL/USA
 
Posts: 50 since Jul 2017
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Small profit? You are trading a small account. In my book, a profit is a profit. You did awesome on a very difficult trading day.

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  #220 (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



Repercussion View Post
Wow,really inspiring stuff



If I know correctly oil has a thin volume on order book.What is the usual fill you get when trading more than 10 contracts?



Hi,

Well I've never traded more than 10 lots on CL so far. So can't really answer your question. Max I trade in another account is 4-6 lots. Hence, when I saw the challenge thought I would see if I might try this 15lot combine with top step trader

But so far the fills are pretty good and slippage is mostly max 1-2T if there is a quick 10-20T move within seconds. Most of the time my stops (market) are filled right at my level. That's about 99% of the time.


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Last Updated on October 5, 2017


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