Trading journal ES system trading. - futures io
futures io futures trading



Trading journal ES system trading.


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one kanepa with 116 posts (252 thanks)
    2. looks_two TraderEX with 6 posts (9 thanks)
    3. looks_3 MarkB with 5 posts (7 thanks)
    4. looks_4 JMP3 with 5 posts (4 thanks)
      Best Posters
    1. looks_one Sazon with 3.8 thanks per post
    2. looks_two kanepa with 2.2 thanks per post
    3. looks_3 TraderEX with 1.5 thanks per post
    4. looks_4 MarkB with 1.4 thanks per post
    1. trending_up 25,796 views
    2. thumb_up 315 thanks given
    3. group 31 followers
    1. forum 164 posts
    2. attach_file 111 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Trading journal ES system trading.

(login for full post details)
  #1 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Hi. I would like to keep a journal for my trading.

This will help me to keep record of my result of my trading system and hope you guys don't mind. It is not, by far, the most attractive looking strategy but it is the best I can come up with. Using ninjatrader strategy builder(I cant do the codes), I have tested many different ideas and spent many hours and realized that I have no edge over fast moving chart. So I moved onto a little bit longer time frame(5min) and applied my theory about market and was be able to come up with strategies that have worked in last 12 years.

System trades about 100 times a year. and back test is at 53% probability with 1.2 R/R ratio.(After comm) Max historic draw down was around 3000 per contract. Therefore I know I will be having a down year or two on the road.

I have been testing it over this summer and it looked OK in real time so on 10/12 I funded trading account to 24,684.06 to begin the journey. I went with 6 cars to trade(yes. It was risky) but luckily, I met the first goal of 30K on 11/8 and continuing to trade to next goal which is at 36000. At 36k, account will be able to handle 50% draw down.(Doubling historic draw down) Some might say it is risky to trade this way and I do accept the risk.

I have chosen to trade ES only because it's liquidity and lack of slippage compare to other thin market. I will continue to add contracts as account grows.

---10/12 Starting capital 24,684.06
---11/18/2017 First goal achieved. bring account to 30k. Next goal is at 36K.

Reply With Quote
The following 5 users say Thank You to kanepa for this post:

Can you help answer these questions
from other members on futures io?
Locate candles 15 cent
ThinkOrSwim
how can I add ema to RSI ? on TS 95
TradeStation
Pyrapoint by Don Hall information
Traders Hideout
Trying to transform single contracts into a continuous contract from historical data
NinjaTrader
Financial Modeling Prep (free to use: financialmodelingprepcom) API
Trading Reviews and Vendors
 
Best Threads (Most Thanked)
in the last 7 days on futures io
How did you learn to trade?
108 thanks
Big Mike in Ecuador
68 thanks
NinjaTrader buys TransAct Futures (Infinity Brokers), plans its own FCM
52 thanks
2020 profit and loss results
45 thanks
Help improve the FIO community
43 thanks
 
(login for full post details)
  #3 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received


so far.

Attached Thumbnails
Click image for larger version

Name:	ScreenHunter_01 Nov. 30 20.15.jpg
Views:	796
Size:	105.6 KB
ID:	244141  
Reply With Quote
 
(login for full post details)
  #4 (permalink)
rochester new york
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, YM, 6E
 
JMP3's Avatar
 
Posts: 160 since Nov 2017
Thanks: 263 given, 359 received


kanepa View Post
so far.

Welcome Kanapa, great looking performance, JP.

Reply With Quote
The following user says Thank You to JMP3 for this post:
 
(login for full post details)
  #5 (permalink)
Golden Bay, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Trading: ES, NQ
 
Posts: 186 since May 2012
Thanks: 851 given, 336 received

How many of the 12 years of data is out of sample? What were the metrics for the out of sample vs the in sample?

Reply With Quote
The following user says Thank You to sixtyseven for this post:
 
(login for full post details)
  #6 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received


sixtyseven View Post
How many of the 12 years of data is out of sample? What were the metrics for the out of sample vs the in sample?

Hi sistyseven. Not sure if I understood your question completely, but 12 yrs result was from running strategy from ninja trader and picture I have posted were from real time trading.

Thanks.

Reply With Quote
 
(login for full post details)
  #7 (permalink)
Legendary Elite_Member
Wiltshire, United Kingdom
 
Experience: Beginner
Platform: Jigsaw daytradr
Trading: US Equity Index Futures
 
matthew28's Avatar
 
Posts: 936 since Sep 2013
Thanks: 2,264 given, 1,660 received


kanepa View Post
Hi sistyseven. Not sure if I understood your question completely, but 12 yrs result was from running strategy from ninja trader and picture I have posted were from real time trading.

Thanks.

In your first post you say your current results are slightly out of norm. You show the current results but don't show a results table for the back test. As sixtyseven says, it would be interesting to see the backtest results also to see how representative the current results are. Not regarding profit but whether the win rates, long short ratios etc are generally similar would be interesting to look at for those interested in backtesting and how the strategies compare when working forward live.

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to matthew28 for this post:
 
(login for full post details)
  #8 (permalink)
Colorado
 
Experience: Advanced
Platform: MultiCharts
Broker: IB & Iqfeed
Trading: ES , CL
 
sptrader's Avatar
 
Posts: 543 since Apr 2010
Thanks: 1,094 given, 696 received

Don't forget, for the past 10 years we've been in a raging bull market (and still are). That will skew your results to the long side.
When testing your system make sure it works in all types of markets, up, down and sideways. You may need to go back
20+ years to get a valid system test over all market conditions. Try to find out where the system performs poorly and filter
it out or shut the system off, when those conditions arise. Have it turn on again when conditions are more favorable.
I know that its easier said than done. Good Luck !

Reply With Quote
The following 2 users say Thank You to sptrader for this post:
 
(login for full post details)
  #9 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Here is the system's back test result. Long and short strategy and one long only. Limit to enter, Unchecked entry on touch. default contract was 2. Commission box also checked.

Attached Thumbnails
Click image for larger version

Name:	ScreenHunter_02 Dec. 01 09.22.jpg
Views:	378
Size:	90.2 KB
ID:	244163   Click image for larger version

Name:	ScreenHunter_03 Dec. 01 09.23.jpg
Views:	317
Size:	70.8 KB
ID:	244164  
Reply With Quote
The following 2 users say Thank You to kanepa for this post:
 
(login for full post details)
  #10 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received



sptrader View Post
Don't forget, for the past 10 years we've been in a raging bull market (and still are). That will skew your results to the long side.
When testing your system make sure it works in all types of markets, up, down and sideways. You may need to go back
20+ years to get a valid system test over all market conditions. Try to find out where the system performs poorly and filter
it out or shut the system off, when those conditions arise. Have it turn on again when conditions are more favorable.
I know that its easier said than done. Good Luck !

Hi, SPTRADER. Thank you for your input.

I do agree but ninja trader only had 12 yrs of back testing data.

I feel better because the system made out good on 2008 and 2009. They were both profitable. Not saying it will work out in future for sure, but made a bit easier for me to take on the risk.

System originate from my thoughts about market and I have put enough filter to reduce amount of trading it did. At first, it was trading 3 times more with similar results and I was not happy about it. So I worked on reducing number of trades. As you know the commission is also big part of this game.

Thank you.
Kanepa

Reply With Quote
 
(login for full post details)
  #11 (permalink)
Golden Bay, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Trading: ES, NQ
 
Posts: 186 since May 2012
Thanks: 851 given, 336 received


kanepa View Post
Hi sistyseven. Not sure if I understood your question completely, but 12 yrs result was from running strategy from ninja trader and picture I have posted were from real time trading.

Thanks.

The safest way to develop a system is to use two seperate data sets. Say 2005 to 2012 would be your in sample. You would create all your filters, entries, exits from this. You would then compare the metrics from this data against the out of sample data from 2013 to 2017 (without adjusting any of the entry, exit parameters). If the out of sample produces good results then you have much more confidence that your backtest hasn't been data mined or curve fitted.

If you have bad (losing) years in your backtest (or the majority is from 2008 / 2009) it doesn't sound like a system you would want to trade in all market conditions. And in reality it would be incredibly hard to faithfully stick to for such a long period of drawdown

Seek out @kevinkdog and his thread. It has excellent info on how to conduct good testing

Reply With Quote
The following 2 users say Thank You to sixtyseven for this post:
 
(login for full post details)
  #12 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Hi, Sistyseven. Thank you for your suggestion and tips.

Like you said, I have tried two back test using 2006-2012 and 2013 to 2017 and happy to report the result looks identical to a full 2006 to 2017. It did great on 2008 and 2009 as well.

Wish I was be able to come up with a strategy to be profitable every single year, but I could not. Boy I have tried for years but perhaps I am not that good or smart enough to make such a trading strategy. I have seen some great system results from this forum and my system is no where near such trading strategy but it is simply the best I can come up with.

I will search @kevinkdog's posting later today.

Thank you for your time and suggestion!
Kanepa.

Reply With Quote
 
(login for full post details)
  #13 (permalink)
florida
 
Experience: Beginner
Platform: TOS
Broker: TOS
Trading: ES, cl, options, gold, grains,nq,
 
Posts: 297 since Jul 2016
Thanks: 46 given, 176 received


kanepa View Post
Hi, Sistyseven. Thank you for your suggestion and tips.

Like you said, I have tried two back test using 2006-2012 and 2013 to 2017 and happy to report the result looks identical to a full 2006 to 2017. It did great on 2008 and 2009 as well.

Wish I was be able to come up with a strategy to be profitable every single year, but I could not. Boy I have tried for years but perhaps I am not that good or smart enough to make such a trading strategy. I have seen some great system results from this forum and my system is no where near such trading strategy but it is simply the best I can come up with.

I will search @kevinkdog's posting later today.

Thank you for your time and suggestion!
Kanepa.

Hi Kenepa what is your system? I would like to understand impressive results.

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #14 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received


pramadas View Post
Hi Kenepa what is your system? I would like to understand impressive results.

Good morning, Pramadas.

Simply put, trading pull backs when a few conditions are met. (Volatility, trend, etc) It only trades just a little over 100 times a year.

My current result performed much better than back tested result. I believe it will bring itself to normal ratio in future which is winning 54% of the time.

Thank you,
Kanepa.

Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #15 (permalink)
florida
 
Experience: Beginner
Platform: TOS
Broker: TOS
Trading: ES, cl, options, gold, grains,nq,
 
Posts: 297 since Jul 2016
Thanks: 46 given, 176 received


kanepa View Post
Good morning, Pramadas.

Simply put, trading pull backs when a few conditions are met. (Volatility, trend, etc) It only trades just a little over 100 times a year.

My current result performed much better than back tested result. I believe it will bring itself to normal ratio in future which is winning 54% of the time.

Thank you,
Kanepa.

So you have an algorithm that traders your system or you take the trade manually? thanks for taking the time and responding.

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #16 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received


pramadas View Post
So you have an algorithm that traders your system or you take the trade manually? thanks for taking the time and responding.

You're welcome.

Yes. I run ninjatrader strategies to enter and exit trades. I do not manually manage trades.

Kanepa.

Reply With Quote
 
(login for full post details)
  #17 (permalink)
florida
 
Experience: Beginner
Platform: TOS
Broker: TOS
Trading: ES, cl, options, gold, grains,nq,
 
Posts: 297 since Jul 2016
Thanks: 46 given, 176 received


kanepa View Post
You're welcome.

Yes. I run ninjatrader strategies to enter and exit trades. I do not manually manage trades.

Kanepa.

Hi Kanepa,
I would like to know exactly what ninja strategies you use? and also you don't enter or exit the trade manually? I really would like to understand how the strategies work.
Thanks for your response

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #18 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received


pramadas View Post
Hi Kanepa,
I would like to know exactly what ninja strategies you use? and also you don't enter or exit the trade manually? I really would like to understand how the strategies work.
Thanks for your response

Hi, Pramadas.

You can check it our here: https://ninjatrader.com/

You can build a trading system so it can enter and exit on its own. I do not put on trades. The system does.

If you are asking details about my methodology, I can only share what I have said earlier. It is not provided by ninjatrader or anyone else. I have built it using the ninja trader strategy tools. You can definitely try your own method using ninjatrader. They have a great support if you have any questions.

Please note that I am not affiliated with Ninjatrader or any other brokers. I did use Ensign awhile ago. But when I test drove Ninja trader, I really liked it compare to other charting software.


Best,
Kanepa.

Reply With Quote
 
(login for full post details)
  #19 (permalink)
Market Wizard
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
 
aquarian1's Avatar
 
Posts: 4,011 since Dec 2010
Thanks: 1,500 given, 2,571 received


kanepa View Post
... on 10/12 I funded trading account to 24,684.06 to begin the journey. I went with 6 cars to trade(yes. It was risky) but luckily, I met the first goal of 30K on 11/8 and continuing to trade to next goal which is at 36000. At 36k, account will be able to handle 50% draw down.(Doubling historic draw down) Some might say it is risky to trade this way and I do accept the risk.

I have chosen to trade ES only because it's liquidity and lack of slippage compare to other thin market. I will continue to add contracts as account grows.

---10/12 Starting capital 24,684.06
---11/18/2017 First goal achieved. bring account to 30k. Next goal is at 36K.

wow! great.

..........
peace, love and joy to you
.........
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to aquarian1 for this post:
 
(login for full post details)
  #20 (permalink)
florida
 
Experience: Beginner
Platform: TOS
Broker: TOS
Trading: ES, cl, options, gold, grains,nq,
 
Posts: 297 since Jul 2016
Thanks: 46 given, 176 received


kanepa View Post
Hi, Pramadas.

You can check it our here: https://ninjatrader.com/

You can build a trading system so it can enter and exit on its own. I do not put on trades. The system does.

If you are asking details about my methodology, I can only share what I have said earlier. It is not provided by ninjatrader or anyone else. I have built it using the ninja trader strategy tools. You can definitely try your own method using ninjatrader. They have a great support if you have any questions.

Please note that I am not affiliated with Ninjatrader or any other brokers. I did use Ensign awhile ago. But when I test drove Ninja trader, I really liked it compare to other charting software.


Best,
Kanepa.

Thanks Kanepa, Thanks a lot for your response.

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #21 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Not much was happening as far as my trading goes. Last few days system did not trade but today it did. Bought it at 2638 and stopped out at 2634.

Slight change. Next goal is at 35000. Account is at 32000 level. Will add a car when(If)35k goal is met.

Reply With Quote
 
(login for full post details)
  #22 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

The system is returning to normal rate. After initial fantastic numbers, it produced enough stop loss trades to bring W/L to 53.45% level. But W/L ratio is still high at 1.51. I do not know how the system will finish 2017 and what's to come in 2018. All I can do is follow the plan as it happens.

System sometimes trades where I would never consider myself to go long or short. I still do have urges to take over and trade manually, but seeing the back test results helps me not to do so. Just turn on the ninja trader and go to work. and It's getting easier for me to leave it alone.

Made a mistake on roll-over date. From now, I will roll over on Wednesday evening or Thursday morning of roll over week.

Trading is going real well as far as slippage goes. Only had 2 ticks went against me so far.

10/17 Starting capital:24684.06
12/20 current capital:31395.52
Next Goal: 35000.
Risk per unit: 5000
Contracts: 6

Attached Thumbnails
Click image for larger version

Name:	ScreenHunter_05 Dec. 21 09.27.jpg
Views:	227
Size:	258.1 KB
ID:	244895  
Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #23 (permalink)
salt lake utah
 
Experience: Beginner
Platform: Sierra Chart
Broker: CQG
Trading: ES
 
rintin2x's Avatar
 
Posts: 541 since Jun 2016
Thanks: 634 given, 533 received

Still good stuff!

Reply With Quote
The following user says Thank You to rintin2x for this post:
 
(login for full post details)
  #24 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received


rintin2x View Post
Still good stuff!

Thank you rintin2x. Yes. It is good and I have been lucky.

Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #25 (permalink)
salt lake utah
 
Experience: Beginner
Platform: Sierra Chart
Broker: CQG
Trading: ES
 
rintin2x's Avatar
 
Posts: 541 since Jun 2016
Thanks: 634 given, 533 received

Would love to get into it more details if I actually have that much money in the future, keep in touch!

Reply With Quote
The following user says Thank You to rintin2x for this post:
 
(login for full post details)
  #26 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Hi. I have gotten some pm questions and will answer it here to share.

I use ninjatrader8 with continuum live data and dorman llc is my broker.(I do have one with IB as well)

Prior to going live, I did Sim test using real time data and then started small with real time trading. Live and sim trading results are almost identical. There is a slippage or two from exiting trades but other than that, system is trading accordingly. I use Limit to enter and market to exit.

I do not know enough about blue wave to comment but I personally do not use vendors. Over 20 years, I saw a lot of vendors come and go. No vendors lasted a long time in market.

The system is not by all mean, a great looking HFT system. It trades about 100 times a year with a little more than 53% win rate with 1.2 w/l ratio. I could not build any HFT system that will work in real time environments.

Most of time, I set up Ninjatrader in the morning and goto work.

Reply With Quote
 
(login for full post details)
  #27 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Result from trading real time since 10/12/17 is attached.(note: previous trade performance screenshot had real and sim account together. As result, it showed about a grand more in profit. This screen shots are real account only)

I think the system is performing as well as it can. Looking forward to 2018. I have no idea what kind of market will come in 2018 but I will continue to bet on my system.

Thank you for your help and wish all of you a happy new year.

Beginning balance(10/12/2017) 24,684.06
Investment per 1 contract: 5,000
Max risk per 1 contract : 4,000
current number of contract: 6
Current account balance : 32,579.80
Profit/lost from beginning : 8,013.34
Profit/loss for quarter(10~12/2017):8,013.4

First target of 30k met on 11/18/2017
next target: 35,000

Attached Thumbnails
Click image for larger version

Name:	11.jpg
Views:	170
Size:	104.0 KB
ID:	245049   Click image for larger version

Name:	33.jpg
Views:	150
Size:	269.5 KB
ID:	245050   Click image for larger version

Name:	22.jpg
Views:	144
Size:	277.4 KB
ID:	245051  
Reply With Quote
The following 2 users say Thank You to kanepa for this post:
 
(login for full post details)
  #28 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Trading is going well. Good trades. Meaning not all of them are winners but in line with strategies running on sim account.(same strategies are running on SIM to compare slippage).

Short trades are only at 8% of total trades. Look forward to see it's performance when market conditions have changed.

Still wondering what Ninja trader start behavior should be at in case of power out or connection loss. It has not happened yet but I need to figure this out soon. Have read their online tutorial but still not understanding them..

Setting up a back up connection with hot spot and changing trading from desk top to a laptop for in case of power out/loss of connection.

Current max draw down was around 5k which is 833 per unit. Make sure to mentally prepared for when historic max draw down or gets close to it.(3700 per unit.) I do not know when it will be happening but it will. Just follow the plan and react accordingly.

Beginning balance(10/12/2017) 24,684.06
Investment per 1 contract: 5,000
Max risk per 1 contract : 4,000
current number of contract: 7

Current account balance : 35,230.00 (little less due to monthly market data payments)
Profit/lost from beginning : 10,657.30

Target 1: 30k met on 11/18/2017
next target: 35,000.00

Target 2: 35,000 met on 1/11/2018 adding 1 car. total 7 contract.
Next target: 40,000.00

Attached Thumbnails
Click image for larger version

Name:	a0.jpg
Views:	130
Size:	189.3 KB
ID:	245639   Click image for larger version

Name:	a.jpg
Views:	132
Size:	77.2 KB
ID:	245640   Click image for larger version

Name:	a3.jpg
Views:	118
Size:	193.2 KB
ID:	245641  
Reply With Quote
 
(login for full post details)
  #29 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

I have decided to add 13k into investment to trade 10 contracts. This will be put aside for immediate transfer to trading account if needed until actual trading account hits 50k. Then I will remove 13k additional investment from the account and continue to trade. Trying to add size to my account aggressively. Historic max draw down will be covered.

Beginning balance(10/12/2017) 24,684.06
Investment per 1 contract: 5,000
Max risk per 1 contract : 4,000
current number of contract: 7

Current account balance : 37,307.88.00 (little less due to monthly market data payments)
Profit/lost from beginning : 12,623.82

Target 1: 30k met on 11/18/2017
next target: 35,000.00

Target 2: 35,000 met on 1/11/2018 adding 1 car. total 7 contract.
Next target: 40,000.00

1/20 temp. boosting account with 13k to trade 3 additinal contracts.
--pull back 13k once trading account reaches 50k
--Add 7500 into trading account if falls below 25k
--No adding contracts until trading account is at 55,000 level.

Reply With Quote
The following 2 users say Thank You to kanepa for this post:
 
(login for full post details)
  #30 (permalink)
rochester new york
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, YM, 6E
 
JMP3's Avatar
 
Posts: 160 since Nov 2017
Thanks: 263 given, 359 received


kanepa View Post
Trading is going well. Good trades. Meaning not all of them are winners but in line with strategies running on sim account.(same strategies are running on SIM to compare slippage).

Short trades are only at 8% of total trades. Look forward to see it's performance when market conditions have changed.

Still wondering what Ninja trader start behavior should be at in case of power out or connection loss. It has not happened yet but I need to figure this out soon. Have read their online tutorial but still not understanding them..

Setting up a back up connection with hot spot and changing trading from desk top to a laptop for in case of power out/loss of connection.

Current max draw down was around 5k which is 833 per unit. Make sure to mentally prepared for when historic max draw down or gets close to it.(3700 per unit.) I do not know when it will be happening but it will. Just follow the plan and react accordingly.

Beginning balance(10/12/2017) 24,684.06
Investment per 1 contract: 5,000
Max risk per 1 contract : 4,000
current number of contract: 7

Current account balance : 35,230.00 (little less due to monthly market data payments)
Profit/lost from beginning : 10,657.30

Target 1: 30k met on 11/18/2017
next target: 35,000.00

Target 2: 35,000 met on 1/11/2018 adding 1 car. total 7 contract.
Next target: 40,000.00

Very Nice results

Reply With Quote
The following user says Thank You to JMP3 for this post:
 
(login for full post details)
  #31 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

1/25/17

Short trade finally worked out. Captured 8 points per car. Sim trading entry and exit was identical to real trade.(2 is sim, 10 is real)

It was 4k(3963.60 after comm) day unless the the system trades more for today. It is a lot of money to me and found myself getting excited about the trade. I need to stay neutral for trading results. If winning trades gives me excitement, losing trades will be very disappointing. Individual trades has no meaning. At the end, only thing matter is strings of trades and if result was in favor of positive side. I can not get myself emotionally exhausted dealing with up and downs with portfolio. Wining and losing trades are good trades as long as they are in line with the system.


Beginning balance(10/12/2017) 24,684.06
Investment per 1 contract: 5,000
Max risk per 1 contract : 4,000
current number of contract: 7
Current account balance : 41,307.88(little less due to monthly market data payments)
Profit/lost from beginning : 16,623.82

Target 1: 30k met on 11/18/2017
next target: 35,000.00

Target 2: 35,000 met on 1/11/2018 adding 1 car. total 7 contract.
Next target: 40,000.00

1/20 temp. boosting account with 13k to trade 3 additinal contracts.
--pull back 13k once trading account reaches 50k
--Add 7500 into trading account if falls below 25k
--No adding contracts until trading account is at 55,000 level.

1/25 Target 3: 40k met.
Next target:45,000

Attached Thumbnails
Click image for larger version

Name:	q1.jpg
Views:	166
Size:	42.5 KB
ID:	246168   Click image for larger version

Name:	q2.jpg
Views:	141
Size:	22.6 KB
ID:	246169  
Reply With Quote
The following 3 users say Thank You to kanepa for this post:
 
(login for full post details)
  #32 (permalink)
rochester new york
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, YM, 6E
 
JMP3's Avatar
 
Posts: 160 since Nov 2017
Thanks: 263 given, 359 received


kanepa View Post
1/25/17

Short trade finally worked out. Captured 8 points per car. Sim trading entry and exit was identical to real trade.(2 is sim, 10 is real)

It was 4k(3963.60 after comm) day unless the the system trades more for today. It is a lot of money to me and found myself getting excited about the trade. I need to stay neutral for trading results. If winning trades gives me excitement, losing trades will be very disappointing. Individual trades has no meaning. At the end, only thing matter is strings of trades and if result was in favor of positive side. I can not get myself emotionally exhausted dealing with up and downs with portfolio. Wining and losing trades are good trades as long as they are in line with the system.


Beginning balance(10/12/2017) 24,684.06
Investment per 1 contract: 5,000
Max risk per 1 contract : 4,000
current number of contract: 7
Current account balance : 41,307.88(little less due to monthly market data payments)
Profit/lost from beginning : 16,623.82

Target 1: 30k met on 11/18/2017
next target: 35,000.00

Target 2: 35,000 met on 1/11/2018 adding 1 car. total 7 contract.
Next target: 40,000.00

1/20 temp. boosting account with 13k to trade 3 additinal contracts.
--pull back 13k once trading account reaches 50k
--Add 7500 into trading account if falls below 25k
--No adding contracts until trading account is at 55,000 level.

1/25 Target 3: 40k met.
Next target:45,000


Awesome results Kanepa

Reply With Quote
The following user says Thank You to JMP3 for this post:
 
(login for full post details)
  #33 (permalink)
boston, MA
 
Experience: Beginner
Platform: ninjatrader
Trading: emini
 
Posts: 66 since Mar 2016
Thanks: 3 given, 65 received

lovely result

I might have to revisit some of my strategies. They were nice with 0 slippage but when added 1 slippage just went to hell. Your journal is giving me hope to revisit them.

Looking forward to more results.

Reply With Quote
The following 2 users say Thank You to lone for this post:
 
(login for full post details)
  #34 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received


lone View Post
lovely result

I might have to revisit some of my strategies. They were nice with 0 slippage but when added 1 slippage just went to hell. Your journal is giving me hope to revisit them.

Looking forward to more results.

Hi, Lone.

Thank you for your comment and checking out my journal.

I have thrown away so many systems exactly that reason. IMHO, Slippage and commission plays great part of day trading.

Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #35 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

4th target achieved. Past 8 weeks has been profitable. Meaning market is in tune with the system for now. High volatility environment. Yet 10 ES contracts orders getting filled without much of slippage. Win/Loss ratio is still too high at 2.10. Historically 1.2 is the ratio after over 1000 trades. So far system has traded 113 RT. Will continue to see and expect it to drop in future. Losing weeks and months are sure to come. Be prepared and follow the aggressive account building plan.

Beginning balance(10/12/2017) 24,684.06
Investment per 1 contract: 5,000
Max risk per 1 contract : 4,000
current number of contract: 10
Current account balance : 47,689.28(little less due to monthly market data payments)
Profit/lost from beginning : 22,299.96

Target 1: 30k met on 11/18/2017
next target: 35,000.00

Target 2: 35,000 met on 1/11/2018 adding 1 car. total 7 contract.
Next target: 40,000.00

1/20 temp. boosting account with 13k to trade 3 additinal contracts.
--pull back 13k once trading account reaches 50k
--Add 7500 into trading account if falls below 25k
--No adding contracts until trading account is at 55,000 level.

1/25/ Target 3: 40k met.
Next target:45,000

2/6 Target 4: 45,000 met.
Next target: 50,000

Attached Thumbnails
Click image for larger version

Name:	ScreenHunter_03 Feb. 06 17.26.jpg
Views:	135
Size:	35.6 KB
ID:	246688   Click image for larger version

Name:	ScreenHunter_04 Feb. 06 17.30.jpg
Views:	143
Size:	257.0 KB
ID:	246689   Click image for larger version

Name:	ScreenHunter_05 Feb. 06 17.31.jpg
Views:	141
Size:	259.1 KB
ID:	246690  
Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #36 (permalink)
rochester new york
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, YM, 6E
 
JMP3's Avatar
 
Posts: 160 since Nov 2017
Thanks: 263 given, 359 received


kanepa View Post
4th target achieved. Past 8 weeks has been profitable. Meaning market is in tune with the system for now. High volatility environment. Yet 10 ES contracts orders getting filled without much of slippage. Win/Loss ratio is still too high at 2.10. Historically 1.2 is the ratio after over 1000 trades. So far system has traded 113 RT. Will continue to see and expect it to drop in future. Losing weeks and months are sure to come. Be prepared and follow the aggressive account building plan.

Beginning balance(10/12/2017) 24,684.06
Investment per 1 contract: 5,000
Max risk per 1 contract : 4,000
current number of contract: 10
Current account balance : 47,689.28(little less due to monthly market data payments)
Profit/lost from beginning : 22,299.96

Target 1: 30k met on 11/18/2017
next target: 35,000.00

Target 2: 35,000 met on 1/11/2018 adding 1 car. total 7 contract.
Next target: 40,000.00

1/20 temp. boosting account with 13k to trade 3 additinal contracts.
--pull back 13k once trading account reaches 50k
--Add 7500 into trading account if falls below 25k
--No adding contracts until trading account is at 55,000 level.

1/25/ Target 3: 40k met.
Next target:45,000

2/6 Target 4: 45,000 met.
Next target: 50,000

Kanepa, very impressive numbers, at this rate you'll have no problem hitting $50,000.

Reply With Quote
 
(login for full post details)
  #37 (permalink)
Boston, MA / USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
 
Posts: 246 since Apr 2013
Thanks: 2,695 given, 368 received

Great performance kanepa.

I am trying to understand your investment and risk.
Are your trades all intraday or do they carry over into the next session?

Investment per 1 contract: 5,000
Looks like you are carrying over to next session (ES Initial Margin is 5,555 /contract)
but
Max risk per 1 contract : 4,000
Looks like a humongous day trade loss, but impossible to carry into next session (ES Margin Maintenance 5,050 /contract)
Or do you mean max account drawdown?

Reply With Quote
 
(login for full post details)
  #38 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Hi, JMP3 and thanks!

Well, today was the losing day I was looking for. 3 trades all stopped out/ -4346.70 for today. I was riding a lucky strings of winners and have been been expecting this. And there was 1 tick slippage on one trade.

With low probability trading system like mine, losing trades are sure to be expected but still finding myself uncomfortable watching trades getting stopped out. Will continue to improve on this issue.

Reply With Quote
 
(login for full post details)
  #39 (permalink)
rochester new york
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, YM, 6E
 
JMP3's Avatar
 
Posts: 160 since Nov 2017
Thanks: 263 given, 359 received


kanepa View Post
Hi, JMP3 and thanks!

Well, today was the losing day I was looking for. 3 trades all stopped out/ -4346.70 for today. I was riding a lucky strings of winners and have been been expecting this. And there was 1 tick slippage on one trade.

With low probability trading system like mine, losing trades are sure to be expected but still finding myself uncomfortable watching trades getting stopped out. Will continue to improve on this issue.

Having a few losses is just the cost of doing business. There wouldn't be a market if everybody won every trade. Still, you're kicking some butt, keep up the good work, JP.

Reply With Quote
The following user says Thank You to JMP3 for this post:
 
(login for full post details)
  #40 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received


Camdo View Post
Great performance kanepa.

I am trying to understand your investment and risk.
Are your trades all intraday or do they carry over into the next session?

Investment per 1 contract: 5,000
Looks like you are carrying over to next session (ES Initial Margin is 5,555 /contract)
but
Max risk per 1 contract : 4,000
Looks like a humongous day trade loss, but impossible to carry into next session (ES Margin Maintenance 5,050 /contract)
Or do you mean max account drawdown?

Thank you Camdo.

Sorry for the confusion.

All trades exit at EOD. No carry overs.

Max risk is when account loses 4000 per contract(Not individual trades), I will pull the plug on system. Historical Max draw down was at $3350 per contract. I added 650 to make it 4K to deal with the risk. I understand this amount is a bare minimum to trade. I would love to see when I can add more to max risk later in future but I am in aggressive account building mode at this time.

Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #41 (permalink)
Legendary Market Wizard
Münster Germany
 
Experience: Intermediate
Platform: NinjaTrader, ProRealtime
Broker: NinjaTrader Brokerage
Trading: FDXM, FDAX, ES, YM, 6B and 6E
 
OldGerman's Avatar
 
Posts: 588 since Mar 2015
Thanks: 656 given, 1,289 received

Hi kanepa,

very impressive performance and good luck with your position sizing.

The biggest risk you can ever take is not betting on yourself!
(Bill Williams +)
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to OldGerman for this post:
 
(login for full post details)
  #42 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Trading has been in favor of profitable trades this year. Have had losers but over all, account is growing well. But take a note that this can go away at any time. Depending on what market does, I can meet my next target tomorrow or 2 years later. Just play according to the play book.

Next target to be at 60k. Will not increase number of cars. Instead, will be increasing Investment by $1000 per contract to 6000. If this goal is achieved, my total risk will be reduced from 15000 to 5000.

--Account at 60k. 10 car X 4000(max risk)=40,000.
60k-40k=20k (trading stops)
original investment: 25000 therefor -5000


Beginning balance(10/12/2017) 24,684.06
Investment per 1 contract: 5,000
Max risk per 1 contract : 4,000
current number of contract: 10
Current account balance : 54,646.58(little less due to monthly market data payments)
Profit/lost from beginning : 29,962.52

Target 1: 30k met on 11/18/2017
next target: 35,000.00

Target 2: 35,000 met on 1/11/2018 adding 1 car. total 7 contract.
Next target: 40,000.00

1/20 temp. boosting account with 13k to trade 3 additinal contracts.
--pull back 13k once trading account reaches 50k(2/15 sending 13k back home)
--Add 7500 into trading account if falls below 25k
--No adding contracts until trading account is at 55,000 level.

1/25/ Target 3: 40k met.
Next target:45,000

2/6 Target 4: 45,000 met.
Next target: 50,000

2/15 Target 5: 50,000 met
Next target: 60,000

Attached Thumbnails
Click image for larger version

Name:	a2.jpg
Views:	148
Size:	226.2 KB
ID:	246928   Click image for larger version

Name:	a3.jpg
Views:	126
Size:	116.7 KB
ID:	246929   Click image for larger version

Name:	a4.jpg
Views:	134
Size:	73.9 KB
ID:	246930  
Reply With Quote
The following 4 users say Thank You to kanepa for this post:
 
(login for full post details)
  #43 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Thank you Mike and other members of this forum. This is very informative and clean trading forum. Perhaps the best of all..I would like to say thank you by becoming an elite member. Have a great weekends.

Reply With Quote
The following 3 users say Thank You to kanepa for this post:
 
(login for full post details)
  #44 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

4 straight losing trades. Up 11,390.00 previous week and this week, -8145.00

Not much thoughts other than ES, so far has not produced much of slippage. Will continue to play the system and follow my plan.

Attached Thumbnails
Click image for larger version

Name:	aa1.jpg
Views:	117
Size:	256.4 KB
ID:	247098   Click image for larger version

Name:	aa2.jpg
Views:	113
Size:	59.3 KB
ID:	247099  
Reply With Quote
The following 2 users say Thank You to kanepa for this post:
 
(login for full post details)
  #45 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

System did not produced buy signal since Jan 26. A lot of fortunes can be made or lost at this high volatility market. I have made difficult for the system to generate long signals in these environments to protect myself.

23 Sell trades since then. 14 unprofitable and 9 profitable trades. Some of them came in strings. 5 straight stop outs was a little bit difficult to watch. At 2k risk per trades, seeing account down more than 10k, was not easy. Having said that, it was not as difficult as in the past when I had no system, trying to trade with methodologies which I barely understand nor back tested. If I was myself just a couple of years ago, I would have blown the account with revenge trading.

First image is weekly result from back test from 11/15 to 9/16. Almost a year, it struggled to make it into positive territory. Knowing this is coming to my way soon or later helps me stay calm on trading results(not easy but still...better)

Second image is a trade shot. Actual trade had a positive slippage. Instead of 5 point gain on updated NT chart, it had gain of 5.25 and it was 4 ticks away from that swing low. I am finding out that there is positive slippages on real time trading. Another progress I am making is it's becoming easier to watch market moves in direction I was in right after getting stopped out. It's random. No one is out there watching where I put my stops in and trying to get it up there. Even when I used to say "GRRR! They stopped me out again!" I was wondering who did I meant by "They"

Thank you and have a wonderful weekends.

Attached Thumbnails
Click image for larger version

Name:	12 - Copy.jpg
Views:	138
Size:	167.8 KB
ID:	247500   Click image for larger version

Name:	13 - Copy.jpg
Views:	149
Size:	11.3 KB
ID:	247501   Click image for larger version

Name:	14 - Copy.jpg
Views:	136
Size:	316.0 KB
ID:	247502  
Reply With Quote
The following 6 users say Thank You to kanepa for this post:
 
(login for full post details)
  #46 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

According to the back test, 3 trades getting stopped out on a same day was never repeated in that same year. But it happened in 2018. Feb 7th and today. Anything can happen in this market! Be prepared and react accordingly. First image is all of 3 and out days in last 12 years.

Second image is real time equity curve. Dropping lower than February's low.

I spent about 7 month in system trading. It is becoming easier to watch trades. I am noticing Anxiety and excitement on individual trades are getting reduced as time goes by.

Attached Thumbnails
Click image for larger version

Name:	ScreenHunter_08 Mar. 15 18.17.jpg
Views:	111
Size:	13.0 KB
ID:	247720   Click image for larger version

Name:	ScreenHunter_09 Mar. 15 18.25.jpg
Views:	112
Size:	121.0 KB
ID:	247721  
Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #47 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

After some losing period, I am noticing this urge to change and tweak the system. But I must remain still and follow the path I have chosen. Analysis was done. I OKed amount of risk. There is nothing more I can do. Period. Just like losing trades are part of this game, so are losing months. Get that through your head.

I might be able to successfully teak some numbers of studies and fit it into this current market situation but in long run, I know it will be poisonous to both trading account and myself. So much time and effort was put in to develop the system. Its time to trade, take risk, and Accept what market might or might not gives me.

Only area that I am allowed to change is position sizing and risk per unit. Risk per unit is set to never decrease. Only increase when time is right.

Writing this to re-affirm my position and trying my best to DO what I have planned to play this game.

Thank you.

Reply With Quote
The following 6 users say Thank You to kanepa for this post:
 
(login for full post details)
  #48 (permalink)
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
ratfink's Avatar
 
Posts: 3,651 since Dec 2012
Thanks: 17,422 given, 8,401 received

I guess the only big question is whether you think the system has been prone to excessive curve fitting. In which case it can break at any time, as indeed all systems do that aren't based on a deep market model at one or more levels. @kevinkdog Kevin Davey springs to mind here.

Travel Well
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to ratfink for this post:
 
(login for full post details)
  #49 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Hi, ratfink. Thank you for the comment and suggestion. I will read kevinkdog's post.

Yes. Curve fitted system can fail at anytime. However a few facts can still remain a valid point to US index market. Such as volatility increases on Monday morning resulting gap opens, swings can be more chaotic at opening and ending time of the market than lunch hour, market goes down much faster than going up and etc. I have placed a few of my own theory about market into the system. Will it change my odd of making money playing this game? I do not know but I think it might have a better chance than me personally pulling the trigger.

Answer to the big question is Yes, it will fail but I do not know when. It can work next 10 years as well. It is up to the market. In meanwhile, I will continue to bet on my system and share results.

Thank you.

Reply With Quote
The following 2 users say Thank You to kanepa for this post:
 
(login for full post details)
  #50 (permalink)
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
ratfink's Avatar
 
Posts: 3,651 since Dec 2012
Thanks: 17,422 given, 8,401 received


kanepa View Post
I have placed a few of my own theory about market into the system. Will it change my odd of making money playing this game? I do not know but I think it might have a better chance than me personally pulling the trigger.

Answer to the big question is Yes, it will fail but I do not know when. It can work next 10 years as well. It is up to the market. In meanwhile, I will continue to bet on my system and share results.

Indeed and much appreciated as I also intend to join the system journey by the end of this year.

Travel Well
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to ratfink for this post:
 
(login for full post details)
  #51 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Still working on target 6.

For month of March, total of 14 sell trades. No longs. 5 profitable and 9 stop outs. Resulting in a down month. First image is for March only. Ninjatrader breaks down 10 lot orders to individual trades if they get filled partially. They do get filled at same price but if I get fills like 2,2,1,5 for 10 lot limit, it consider them as 4 trades. Reason why we see 92 trades...

Max draw down level for March is at -10,182.00 which is same level as February. Lucky to walk away with loss of -1582 for this month.

Second image: over all performance since 10/12/17

Third image: cash Account balance 48,941.78

Forth: weekly trade performance. Fifth: Monthly net profit.

Thank you @ratfink to reminding me an important fact. That is system can be failed at anytime. I have revisited risk/profit management area and working on how to be prepared well for such event.

Have a great weekend.

Attached Thumbnails
Click image for larger version

Name:	mar1.PNG
Views:	99
Size:	27.5 KB
ID:	248147   Click image for larger version

Name:	mar2.PNG
Views:	90
Size:	29.6 KB
ID:	248148   Click image for larger version

Name:	Capture3.PNG
Views:	78
Size:	24.6 KB
ID:	248149   Click image for larger version

Name:	Capture1.PNG
Views:	103
Size:	73.3 KB
ID:	248150   Click image for larger version

Name:	Capture.PNG
Views:	96
Size:	50.5 KB
ID:	248151  
Reply With Quote
The following 3 users say Thank You to kanepa for this post:
 
(login for full post details)
  #52 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Back to aggressive account building mode. Adding additional 1000 to margin money to decrease my original risk is not the best move I can make at this time. I will consider this again WHEN/IF I can get this trading account to above 100k level.

4000 Maximum allowed risk(max draw down) per contract.(unchanged)
1000 to be able to meet day margin.
5000 total.

Current balance: 50,133.38
Number of contracts: 10
Pulling the plug when account drops to 10,000.00
Will add a car for every 5000 profit.

Out of 25k initial investment, 15k is currently at risk. It will be risk free when account hits 12,5000.

I am just playing this game as aggressive as I know how while respecting risk and accepting possibility of failure of the system.

Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #53 (permalink)
boston, MA
 
Experience: Beginner
Platform: ninjatrader
Trading: emini
 
Posts: 66 since Mar 2016
Thanks: 3 given, 65 received

do you find 10contract difficult to fill in this enviroment?

Reply With Quote
 
(login for full post details)
  #54 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received


lone View Post
do you find 10contract difficult to fill in this enviroment?

Not at all for ES. In and out. Very little slippage on stops as well.

Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #55 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Has been completed. Now to Target 7

Note to self:
1. Real trading gained 2 tick more than sim auto. It has happened twice.
2. No more thinking. Just act as planned. only Three possible out comes exist. Account moving side ways, go up or go down. As planned, stay in aggressive mode until account hits 100k level.

Beginning balance(10/12/2017) 24,684.06
Investment per 1 contract: 5,000
Max risk per 1 contract : 4,000
current number of contract: 11
Current account balance : 56,667.18
Profit/lost from beginning : 31,983.12(After comm&Data fee)
Trading halt account level: 1,1000.00

Target 1: 30k met on 11/18/2017
next target: 35,000.00

Target 2: 35,000 met on 1/11/2018 adding 1 car. total 7 contract.
Next target: 40,000.00

1/20 temp. boosting account with 13k to trade 3 additinal contracts.
--pull back 13k once trading account reaches 50k(2/15 sent 13k back home)
--Add 7500 into trading account if falls below 25k
--No adding contracts until trading account is at 55,000 level.

1/25/ Target 3: 40k met.
Next target:45,000

2/6 Target 4: 45,000 met.
Next target: 50,000

2/15 Target 5: 50,000 met
Next target: 55,000

4/12 Target 6: 55,000 met.
Next target : 60,000

Attached Thumbnails
Click image for larger version

Name:	ScreenHunter_03 Apr. 12 17.49.jpg
Views:	80
Size:	15.2 KB
ID:	248623  
Reply With Quote
The following 5 users say Thank You to kanepa for this post:
 
(login for full post details)
  #56 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

This month, I have made two trades. Yes. I have over ride the system and went in for short position. They were both similar trades. Previous day was big down day. market gaped up and went down, went back up making higher high then stall. So whoever shorted at the open would have gotten stopped out. Yeah?, I fired sell order. As far as profit wise, I came out of the trades in profit. But that is not the point.

I was beyond uncomfortable. Thoughts were storming into my head. "Why the hell did you take this trade when you have NO IDEA if you have an edge or not? You worked day and night to come up with this little edge which is working for now and this is your way to throw away the game? This will destroy the correct valuation of your system!"... This was the first time that I ever gotten this sick over a position. I hated every second of it.

Never say never but I am pretty damn sure that I won't be putting any manual trades from now. Big gambler in late teens to early twenties. Thought I have made it as a full time trader then lost it all twice..have gone through those, that feeling over two trades, tops the new level of feeling sick.

Thank you for reading and please excuse my errors on my part. English is not my native tongue.

Reply With Quote
The following 10 users say Thank You to kanepa for this post:
 
(login for full post details)
  #57 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

has been completed. Moving on to target 8 at 65,000.00

Adding 1 more car to system.

Noise keep coming into my head. Again, tempted to put more into investment(Margin) portion to "feel" safer. The Hell with that. Staying as it is until 100k is reached.

Attached Thumbnails
Click image for larger version

Name:	Capture766.PNG
Views:	91
Size:	23.1 KB
ID:	248803   Click image for larger version

Name:	Captureg6gygu.PNG
Views:	91
Size:	62.8 KB
ID:	248804  
Reply With Quote
The following 6 users say Thank You to kanepa for this post:
 
(login for full post details)
  #58 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Past two days, market had volatile days. Looking at ES chart, I couldn't help myself thinking how much money I have made if I shorted ES and followed the trend. After a couple minutes of day dreaming, I remember from my back testing, how trend following system has to suffer from many losing trades until it hits home run to be profitable and how I could not come up with successful method to profit from it.

Greed is not a bad thing but too much of it can sabotage my plan by temporarily blinding me with potential profit while hiding the potential risk. Having a shot at making money in this highly competitive market requires two things. Discipline and having an edge. We all know it but it is easier said than done.

I have not placed any manual trades since the last mistakes. System did not trade past two days.

Thankful to be able to keep a journal for myself here. I have and continue to learn by re-reading my journal. Re-visiting highly emotionally charged moments takes edges off from similar occurrences from present and future.

Reply With Quote
The following 6 users say Thank You to kanepa for this post:
 
(login for full post details)
  #59 (permalink)
Roswell, GA
 
Experience: Advanced
Platform: NinjaTrader
Trading: Futures
 
Sazon's Avatar
 
Posts: 233 since Feb 2013
Thanks: 928 given, 457 received


kanepa View Post
...., I couldn't help myself thinking how much money I have made if I shorted ES and followed the trend. After a couple minutes of day dreaming, I remember from my back testing, how trend following system has to suffer from many losing trades until it hits home run to be profitable and how I could not come up with successful method to profit from it.....

From my vantage point, it seems like you're really going out of your way to tamper with and sabotage your success. You recently took an impulsive trade that was not part of your system. I suspect that this is due to sheer boredom. If your system is continuing to make money and firing on all cylinders then why would you tamper with that? I would suggest that you find other ways to preoccupy your mind. Maybe you could begin work on new systems by running them through the same system development process as your last one. This could allow you to diversify your trading and prepare you for a potential and likely eventual demise of your current system.

Reply With Quote
The following 4 users say Thank You to Sazon for this post:
 
(login for full post details)
  #60 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received


Sazon View Post
From my vantage point, it seems like you're really going out of your way to tamper with and sabotage your success. You recently took an impulsive trade that was not part of your system. I suspect that this is due to sheer boredom. If your system is continuing to make money and firing on all cylinders then why would you tamper with that? I would suggest that you find other ways to preoccupy your mind. Maybe you could begin work on new systems by running them through the same system development process as your last one. This could allow you to diversify your trading and prepare you for a potential and likely eventual demise of your current system.

Hi, Sazon. Thank you for your comment and suggestion.

You are correct. I am dealing with boredom because of lack of trades my system does. Isn't that funny? I was the one who wanted to have a less frequency trading system to reduce the cost of trades. However, compare to other emotional pit falls, I believe the boredom is easier to handle.

I have been working on a new system but will allocate more time to do so. It is a very good idea.

Reply With Quote
The following 4 users say Thank You to kanepa for this post:
 
(login for full post details)
  #61 (permalink)
Roswell, GA
 
Experience: Advanced
Platform: NinjaTrader
Trading: Futures
 
Sazon's Avatar
 
Posts: 233 since Feb 2013
Thanks: 928 given, 457 received


kanepa View Post
Hi, Sazon. Thank you for your comment and suggestion.

You are correct. I am dealing with boredom because of lack of trades my system does. Isn't that funny? I was the one who wanted to have a less frequency trading system to reduce the cost of trades. However, compare to other emotional pit falls, I believe the boredom is easier to handle.

I have been working on a new system but will allocate more time to do so. It is a very good idea.

I totally understand your predicament. My trading is also fully automated and there isn't 'technically' anything left for me to do during the trading day. It's a double-edged sword because boredom can cause you to "mess with a good thing". Hence, I'm constantly creating and testing new ideas to keep me busy in my development environment that is separate from my production environment. This helps prevent me from tinkering with my system

Reply With Quote
The following 6 users say Thank You to Sazon for this post:
 
(login for full post details)
  #62 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

8 Trades total for April. 5W and 3L. Took in 10,128.98 for the month.

Looking back, @Sazon is correct on me getting irritated by boredom. But realized that Low number of trading does not mean unprofitable. Only 7 months into serious system trading but I am learning and taking in a lot of things. Temptation of overriding system can only be reduced(IMHO) by having profitable periods of time. See it, feel it and accept it. Then I have an ally to fight the temptation and keep myself away from entering self sabotage mode.

1 trade had 1 tick slippage. Current balance is around 59k. Working on hitting target 7.

Thank you and have a great weekends.

Attached Thumbnails
Click image for larger version

Name:	unnamed.png
Views:	120
Size:	62.1 KB
ID:	249124  
Reply With Quote
The following 6 users say Thank You to kanepa for this post:
 
(login for full post details)
  #63 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Second and final boost. Here is current account level.
Balance: 60k
# of contract: 12
Play/risk Money: 48k(4k per car X 12)
Margin Money: 1k per car. 12 X 1000=12,000
Total risk: Original wired fund(2,5000)-12,000(Margin Money)=13,000

Boost it with 20k on the side. (Available for immediate transfer if needed)

Balance: 80,000
# of contract: 16
Play/risk money: 64,000
Margin money: 1k per car. 16 X 1000=16,000
Total risk: 25,000(original risk)+20,000(Boost)-16,000=29,000

For a 25%(12 cars to 16 cars) increase of position sizing, I need to increase my current risk by 123%(13,000 to 29,000=16,000) Which is 16% increase from original risk(25k)

Targets remain the same. No adding cars until account hits 85000.
At 80k, pull back 20k
At 40k, send in 10k

Good luck.

Reply With Quote
The following 4 users say Thank You to kanepa for this post:
 
(login for full post details)
  #64 (permalink)
Vancouver
 
 
Posts: 29 since Apr 2018
Thanks: 19 given, 9 received

What are the cars ?

Reply With Quote
 
(login for full post details)
  #65 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received


supreme23 View Post
What are the cars ?

car=contract

Reply With Quote
 
(login for full post details)
  #66 (permalink)
Vancouver
 
 
Posts: 29 since Apr 2018
Thanks: 19 given, 9 received


kanepa View Post
car=contract



Odd abbreviation lol but ok ! Thanks

Reply With Quote
 
(login for full post details)
  #67 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Has been reached. (Error on previous post. Said working on target 7 but I meant target 8. 7 has been completed on 4/18.

Account crossed over 65k level. Moving onto next target(9) at 70k.

Only 2 trades so far in month of May.

System is trading without problems and I believe I have gotten over the boredom. No manual trades, no noticeable urges to report since late April.

I planned out total of 4 stages with multiple targets. I remember saying to myself when I was designing the plan. "You ain't even gonna pass target 2. You will f' it up somehow"...but here I am. About half way to complete the first stage of my plan. This is also the FIRST time I have ever followed the Rules which I have set. It was tough to see when system was losing 7 trades in a row, but I manage to stick with it.

Thank you.

Attached Thumbnails
Click image for larger version

Name:	unnamed.png
Views:	79
Size:	64.8 KB
ID:	249514  
Reply With Quote
The following 6 users say Thank You to kanepa for this post:
 
(login for full post details)
  #68 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

It's been awhile. Hope you guys are doing well.

Created a new system to capture trends. It is different than the system I am currently trading. Lower probability but higher win/loss ratio. Boosted 20k is coming back for now. But I may use the boost again in near future. I can not say for sure but I believe diversification may help my chances of survival in this game.

Original system's total investment is reduced from 65000 to 30,000.
Maxrisk/play money per unit:4,000
Margin :1,000
total: 5,000 per unit.
30,000/5000=6 unit of risk.

Will add additional unit for every 5,000 profit.

Second system's total investment: 35,000
Max risk/play money: 6,000
Margin: 1,000
Total: 7,000 per unit.
35,000/7000=5 unit of risk.

Will add additional unit for every 7,000 profit.

PS. Do you have any advice on running multiple strategies on one future contract in Ninjatrader 8? What to watch out for or issues? Any thoughts or advises are appreciated.

Updated Target 8: Account at 80k.

Reply With Quote
The following 4 users say Thank You to kanepa for this post:
 
(login for full post details)
  #69 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

System traded where it supposed to. Three trades. All stopped out but also out where it supposed to be at.

To lighten up the load, I have broke down strategies into single pieces. 5 separate strategies. 3 buys and 2 sells. Not sure if Ninjatrader fixed the issue but I have had strategies not firing and firing at wrong time when I started last year. Simple solution to it was divide them and run it seperately.

Spent sometime in developing a strategy for oil but man...CL is also very tough nut to crack and I think 2 ticks slippage on every trades needs to be considered for possible slippage when it moves crazy. More on this later.

Will see you soon.
Good tradings.

Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #70 (permalink)
Ontario, Canada
 
 
Posts: 136 since Jan 2014
Thanks: 0 given, 64 received


kanepa View Post

PS. Do you have any advice on running multiple strategies on one future contract in Ninjatrader 8? What to watch out for or issues? Any thoughts or advises are appreciated..

I could be wrong about this but I don't think ninjatrader is capable of more than one strategy per instrument per account, otherwise there would be a conflict with synchronizing with the account, no?

Reply With Quote
 
(login for full post details)
  #71 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received


MarkB View Post
I could be wrong about this but I don't think ninjatrader is capable of more than one strategy per instrument per account, otherwise there would be a conflict with synchronizing with the account, no?

Hi MarkB.

I think they used to have those problems in past. But what I have found out was even conflicting strategies(buy and sell at same time) gets reconcile in account position. So if one is long 1 and other is short 2, they both are active in stops and profit target placed but account will show net short 1.

Reply With Quote
 
(login for full post details)
  #72 (permalink)
Ontario, Canada
 
 
Posts: 136 since Jan 2014
Thanks: 0 given, 64 received


kanepa View Post
Hi MarkB.

I think they used to have those problems in past. But what I have found out was even conflicting strategies(buy and sell at same time) gets reconcile in account position. So if one is long 1 and other is short 2, they both are active in stops and profit target placed but account will show net short 1.

While that may be true, I think that one of those positions is an account position and one is a strategy position - account positions are real, strategy positions are not. I would check the actual executions to ensure that the 'net short 1' is not a false report.

Reply With Quote
The following user says Thank You to MarkB for this post:
 
(login for full post details)
  #73 (permalink)
Ontario, Canada
 
 
Posts: 136 since Jan 2014
Thanks: 0 given, 64 received


kanepa View Post
Not sure if Ninjatrader fixed the issue but I have had strategies not firing and firing at wrong time when I started last year.

This is the behavior that I am referring to in my posts - historical positions that are triggered at strategy startup become strategy positions that can and will actually trigger a real trade in the account, which would result in the appearance of your strategy firing at the wrong time or not firing at all.

More than one strategy running on one instrument would *I think* conjure the strategy and the account to work in conflict.

I'll check my facts and let you know if ninjatrader has improved this but I don't think they have.

Good system trading though, great thread, really enjoying your progress.

Reply With Quote
The following user says Thank You to MarkB for this post:
 
(login for full post details)
  #74 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received


MarkB View Post
While that may be true, I think that one of those positions is an account position and one is a strategy position - account positions are real, strategy positions are not. I would check the actual executions to ensure that the 'net short 1' is not a false report.

Yes. Indeed. I can not sit in front of computer all day but I intend to check in frequently to monitor the status.

Reply With Quote
 
(login for full post details)
  #75 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received


MarkB View Post
This is the behavior that I am referring to in my posts - historical positions that are triggered at strategy startup become strategy positions that can and will actually trigger a real trade in the account, which would result in the appearance of your strategy firing at the wrong time or not firing at all.

More than one strategy running on one instrument would *I think* conjure the strategy and the account to work in conflict.

I'll check my facts and let you know if ninjatrader has improved this but I don't think they have.

Good system trading though, great thread, really enjoying your progress.

Thank you for your kind words. Yes. Look forward to hear back from you about ninjatrader.

And not only I broke down strategies into pieces, I have two ES chart going on at same time. One trading original system and the other trading new one. Just being cautious.

Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #76 (permalink)
Ontario, Canada
 
 
Posts: 136 since Jan 2014
Thanks: 0 given, 64 received


kanepa View Post
Thank you for your kind words. Yes. Look forward to hear back from you about ninjatrader.

And not only I broke down strategies into pieces, I have two ES chart going on at same time. One trading original system and the other trading new one. Just being cautious.

Okay so here's what I could dig up. Yes you can run two strategies on one instrument, the strategies are unaware of each other. HOWEVER, since each strategy synchronizes with your account position, this is where things get tricky. When I use the term 'account position', I am referring to trades that are actually executed on the server and affect your account balance. Strategies in ninjatrader can also execute historically, these are referred to as 'strategy positions' and although they appear to be having an impact on p&l, they actually don't, they're just simulated trades that are not actually executed on the server. I still don't know why ninjatrader bothered to include strategy positions but there you have it.

Let me preface this by saying that in ninjatrader, from what I understand, you can only be net long or net short - you cannot hold both a long and short position simultaneously in the same account on the same instrument.

Moving on. Let's say for example that one strategy signals a long position, so your account executes a long position and you are now net long. A few minutes later, the other strategy signals a short position - ideally, you would expect to have one contract long and one short, which would act as a bit of a hedge until one of the stops gets hit. But what actually happens, is that the account, which was originally net long, activates a short position which flattens the account, since you cannot be both long and short on the same instrument. So now you are net flat. To make matters worse, when the stops get hit, the strategy triggers buy/sell orders to 'close' the position (not realizing that you're already flat), which puts you back into the market in the very place you were hoping to get out of your original trades.

Anyway, I hope that makes sense. The only way that I can imagine more than one strategy working on one instrument is if the strategies run parallel to each other, so they are either always net long or always net short.

I'm interested to hear if you're able to make it work.

Reply With Quote
The following 3 users say Thank You to MarkB for this post:
 
(login for full post details)
  #77 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Hey MarkB.

That is how I understood ninjatrader. If system A is short at 2700 and system B is at long at 2701, account is flat but both strategy has virtual live position. Being A's stop order is at 2705 and B's profit order is at 2705, It will create no live order to exchange since real account position is flat. But in virtual system
A: short at 2700. stoped at 2705 = -5
B Long at 2701. exit at 2705 = +4

-5+4=-1

Real account.
short at 2700 and exit at 2701 = -1

Above concept seems to be fine with me as long as the end result in the same AND no new position is open due to other system's stops or profit target orders. So I am looking for a confirmation from ninjatrader. Will let you know as soon as I hear back.

Reply With Quote
 
(login for full post details)
  #78 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Here is exchange from Ninjatrader.

https://ninjatrader.com/support/forum/showthread.php?p=542718

While it would be the best to open up another account, I will go ahead and try it with ninjatrader for now.

Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #79 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

First, Thank you @MarkB . To raise a concerns on ninjatrader's capability to trade multiple strategies on same contract. Glad I got official respond from them. I will continue to trade with ninja and if there is any issues, Will report here as well.

May 2018. 8 trades. 3 profit, 5 stopped out. Net $2300.00 Account is at 61k level.
Current target 8: account at 80k.

First system is more of cut and run. No runners. If it hits target, it's out. Second system I just added is fallowing and stay on with the trend. It hits home runs every now and then but showing lower probability than the first. Very interested in finding out these system's performances in real market.

Thank you.

Attached Thumbnails
Click image for larger version

Name:	Capture78.PNG
Views:	67
Size:	27.9 KB
ID:	250299   Click image for larger version

Name:	Capture79.PNG
Views:	77
Size:	65.3 KB
ID:	250300  
Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #80 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

I had two buys triggered today. No conflicts. Ninjatrader did enter and exit with correct amount of contract at right level.

System started out with losing trades. 4 in a row. resulting 4k loss. Today, made it close to 5 k to offset the loss and brought account back to 65k level.

Some doubts coming in to my mind ever since I added a new strategy. Wanting to reduce or re-balance risk ratio between two strategies. It sorta feels like when I first started real time system trading. Nervous yet exciting. I am going to ignore those thoughts and will follow the original plan. Adding new strategy was already in my plan but could not come up with good enough one to try in real time until late last month.

Attached Thumbnails
Click image for larger version

Name:	ScreenHunter_08 Jun. 06 21.39.jpg
Views:	72
Size:	7.5 KB
ID:	250521  
Reply With Quote
The following 2 users say Thank You to kanepa for this post:
 
(login for full post details)
  #81 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Tested system's performance during FOMC announcement. There were total of 53 trades in 12 yrs going into FOMC. No slippage possible:7
Slippage possible(stopped out): 18
Profitable trades: 28

Total Loss points(3 tick slippage were added to every losing trades) -85.5
There were about 7 trades possibly ended up with no slippage but added into this to prepare the worst case scenario.

Profit: 137.75

Net: 52.25

This was in my to do list but I must have forgotten to do so. Yesterday's trade(2tick slippage) helped me to remember it. System will be trading on FOMC days.

Account is going back and forth. Win here then lose there. Still hoovering a slightly above 60k level. Down about 4k since late May.

Thank you.

Reply With Quote
The following 2 users say Thank You to kanepa for this post:
 
(login for full post details)
  #82 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Having an unprofitable month. But very good trades. without much of slippages.

Update on system.

System was trading under 65k account level. I am withdrawing 10 k to make it 55k level.

System Walker.
Max risk/play money: 3600(Historic max dd with 1 tick slippage=3000)
Margin: 1000
number of contracts:6 X 4600=27600
Add 1 unit of risk on 3600 profit.

System Runner.
Max risk/play money: 4500(Historic max dd with 1 tick slippage=3700)
margin:1000
number of contracts:5 x 5500=27500
Add 1 unit of risk on 4500 profit.


55100 is required to trade this number of contracts.

Current balance: about 55,000. Currently down 10,000 from 65000 level past month. By withdrawing 10k, it will match the current minus 10k condition.

My Risk.
2,5000 initial deposit
-10,000 withdraw
-11 contract margin money=11,000
=4000.

Reply With Quote
The following 4 users say Thank You to kanepa for this post:
 
(login for full post details)
  #83 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Withdraw request was made last night and it came in today. It has been a very long time since I have withdraw anything from trading account. Maybe first time in 15years.....It feels a little weird...but good. After the withdraw and today's losing trade, my account balance is at 43,447

I feel extremely lucky to having a profitable period at the beginning. As I was be able to build up capital and divide funds to trade two different systems. If I started with losing month or two, I might have bailed on system and started to look for new system to trade.

Watching system losing trade after trade is not an easy task. However, My real risk here is $4000.00 of my own money. That is still a lot of money but with that, I get to play the market with 40 thousand dollars.

"Hope is useless when comes to trading", "Market is going to do what it's going to do" How many times did I hear that? A lot. But never understood it like I do right now. That anxious and exciting feeling when market is inching up or down to very near the stop limit price. Greed and hope. Wanting to increase my profit target level as market moves close to it. Those feelings are getting covered by numbers of trades being executed in past 8 month and positive account balance. I do not think it is possible to get rid of those feelings completely but they do get smaller and smaller.

Will report June's performance in a few days.
Thank you.

Attached Thumbnails
Click image for larger version

Name:	tt.jpg
Views:	105
Size:	1.31 MB
ID:	251284   Click image for larger version

Name:	ScreenHunter_06 Jun. 27 19.14.jpg
Views:	75
Size:	8.6 KB
ID:	251285  
Reply With Quote
The following 4 users say Thank You to kanepa for this post:
 
(login for full post details)
  #84 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Typo from last post.
system walker: Add 1 unit every 4600.00 profit
system Runner: Add 1 unit every 5500.00 profit

Lost about 13k in this month of June. System Runner is having a tough time. 11 loses and 4 winners. and 8 consecutive losers in a row!! This system had a great run until May. Well...that's when I initiated this strategy. Also June 2018 is the second worst month in system's 12 year back testing history. But will stick with the rule and see what happens in July.

account is at 40k.

Attached Thumbnails
Click image for larger version

Name:	Capture (1).PNG
Views:	80
Size:	53.1 KB
ID:	251370  
Reply With Quote
The following 5 users say Thank You to kanepa for this post:
 
(login for full post details)
  #85 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

System "Runner" A losing streak. I have played many times about having a losing streaks but boy,,,in real time, they are much harder to look at than playing it in my head. A lower probability(about 46%) trading system can be brutal. A profitable trade yesterday...finally. But I have no idea if the losing streak is over. No modification was done to the system. Will continue to trade the same way.

Will be increasing risk to the first system(Walker) If it continue to lose. Right now $1000 loss per contract. Will be buying into when system is losing about 1500~2000 per contract.

As you see, very little slippage with 5 contracts.

Good tradings.

Attached Thumbnails
Click image for larger version

Name:	ScreenHunter_11 Jul. 05 19.09.jpg
Views:	72
Size:	23.8 KB
ID:	251530  
Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #86 (permalink)
Roswell, GA
 
Experience: Advanced
Platform: NinjaTrader
Trading: Futures
 
Sazon's Avatar
 
Posts: 233 since Feb 2013
Thanks: 928 given, 457 received


kanepa View Post
System "Runner" A losing streak. I have played many times about having a losing streaks but boy,,,in real time, they are much harder to look at than playing it in my head. A lower probability(about 46%) trading system can be brutal. A profitable trade yesterday...finally. But I have no idea if the losing streak is over. No modification was done to the system. Will continue to trade the same way.

Will be increasing risk to the first system(Walker) If it continue to lose. Right now $1000 loss per contract. Will be buying into when system is losing about 1500~2000 per contract.

As you see, very little slippage with 5 contracts.

Good tradings.

I'm just curious, did you run the new system through an incubation period before going live? An incubation period is a bridge between the backtest and the live period in which you run the signals out of a simulated account. Incubation provides some protection against overfitting.

You might also want to calculate the odds of achieving your current losing streak based on your assumptions and expectations of OOS system performance. Finally, I typically start small relative to my account size with real money and ramp up position size only after the system demonstrates that live trading is what I expected. Make the system prove itself every step of the way before overly committing to it.

Reply With Quote
The following 2 users say Thank You to Sazon for this post:
 
(login for full post details)
  #87 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Hi, Sazon. Thanks for your comment.

No. I did not run a proper time to prepare the system in real time. As an inexperienced system trader, I have overlooked the importance of testing a real market with small amount of risk first. From this, I have learned to do real time test as well as do not commit if the system has been much more profitable than normal.(the system had a great run in early 2018 but I wasn't trading it real time)

Thank you for sharing your thoughts. I do appreciate it.

Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #88 (permalink)
Roswell, GA
 
Experience: Advanced
Platform: NinjaTrader
Trading: Futures
 
Sazon's Avatar
 
Posts: 233 since Feb 2013
Thanks: 928 given, 457 received


kanepa View Post
Hi, Sazon. Thanks for your comment.

No. I did not run a proper time to prepare the system in real time. As an inexperienced system trader, I have overlooked the importance of testing a real market with small amount of risk first. From this, I have learned to do real time test as well as do not commit if the system has been much more profitable than normal.(the system had a great run in early 2018 but I wasn't trading it real time)

Thank you for sharing your thoughts. I do appreciate it.

Always keep in mind that your edge as a system trader will be your ability to craft money-making mechanical systems. This ability is foremost grounded out of experience yet stems from the creative process. You could review and make sure that you properly designed, tested (i.e., cross-validation, WFA), and incubated the system.

You're currently taking incoming fire. However, if the system is properly designed then the current drawdown is to be expected and you must simply batten down the hatches and ride it out. On the other hand, if the system has not been properly designed then all bets are off and you may need to pull the plug. I'm certainly not offering advice and telling you to pull the plug because that could be the wrong decision since I don't know how you designed your system. But, it could be amongst the choices to consider. Finally, you should always have an uncle point where you will walk away from a system that is not performing as expected.

Reply With Quote
The following 5 users say Thank You to Sazon for this post:
 
(login for full post details)
  #89 (permalink)
New York
 
Experience: Intermediate
Platform: TOS
Trading: Emini ES
 
Posts: 19 since Jul 2017
Thanks: 11 given, 3 received


kanepa View Post
Hi, SPTRADER. Thank you for your input.

I do agree but ninja trader only had 12 yrs of back testing data.

I feel better because the system made out good on 2008 and 2009. They were both profitable. Not saying it will work out in future for sure, but made a bit easier for me to take on the risk.

System originate from my thoughts about market and I have put enough filter to reduce amount of trading it did. At first, it was trading 3 times more with similar results and I was not happy about it. So I worked on reducing number of trades. As you know the commission is also big part of this game.

Thank you.
Kanepa

I used TOS , but thinking of going to Ninjatrader for ES

Reply With Quote
 
(login for full post details)
  #90 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received


Sazon View Post
Always keep in mind that your edge as a system trader will be your ability to craft money-making mechanical systems. This ability is foremost grounded out of experience yet stems from the creative process. You could review and make sure that you properly designed, tested (i.e., cross-validation, WFA), and incubated the system.

You're currently taking incoming fire. However, if the system is properly designed then the current drawdown is to be expected and you must simply batten down the hatches and ride it out. On the other hand, if the system has not been properly designed then all bets are off and you may need to pull the plug. I'm certainly not offering advice and telling you to pull the plug because that could be the wrong decision since I don't know how you designed your system. But, it could be amongst the choices to consider. Finally, you should always have an uncle point where you will walk away from a system that is not performing as expected.

Will always keep that in mind. I will add on the rules to introduce incubation period of system. 1~2 month to see if it is firing at correct level. And start with a single contract. This, I have done so when I was first to trade a system last summer. But as I was introducing a second system, I guess I was in hurry and did not think a proper incubation period was needed.

Not sure if system is designed properly but It does compliments other system well. If I combine two systems together, There were no losing year in past 12 years. And the system is trading as it should be. Lower probability trading such as mine will go streaks of losing trades. It is has positive expectation but just barely. It would be awesome if I could design more profitable system but at this point, these two systems are the best I could come up with. So I will batten down the hatches and ride it out.

I will be happier and comfortable if I reduced the number of contracts on second system and re adjust. But the truth is, especially the market, rarely granted me a gift of profit when I adjusted positions or direction of trades so I could feel better. Those who mastered trading and trading at high performance level can decide and adjust their position because the hard work and experiences they have built. I simply do not think I am qualified to make such a move. So, I will stick to the original plan. Total risk was considered and accepted. Market might show me the door by dragging the systems performances to all time low but at least, if that happens, I will lose with my set of rules.

@Sazon Thank you for your advise and time. Do you have a bench mark when it comes to a system trading? I know it can be vary on what type of system it is but in general, do you a bench mark on a system's return on risk?

Reply With Quote
The following 2 users say Thank You to kanepa for this post:
 
(login for full post details)
  #91 (permalink)
Roswell, GA
 
Experience: Advanced
Platform: NinjaTrader
Trading: Futures
 
Sazon's Avatar
 
Posts: 233 since Feb 2013
Thanks: 928 given, 457 received


kanepa View Post
Will always keep that in mind. I will add on the rules to introduce incubation period of system. 1~2 month to see if it is firing at correct level. And start with a single contract. This, I have done so when I was first to trade a system last summer. But as I was introducing a second system, I guess I was in hurry and did not think a proper incubation period was needed.

Not sure if system is designed properly but It does compliments other system well. If I combine two systems together, There were no losing year in past 12 years. And the system is trading as it should be. Lower probability trading such as mine will go streaks of losing trades. It is has positive expectation but just barely. It would be awesome if I could design more profitable system but at this point, these two systems are the best I could come up with. So I will batten down the hatches and ride it out.

I will be happier and comfortable if I reduced the number of contracts on second system and re adjust. But the truth is, especially the market, rarely granted me a gift of profit when I adjusted positions or direction of trades so I could feel better. Those who mastered trading and trading at high performance level can decide and adjust their position because the hard work and experiences they have built. I simply do not think I am qualified to make such a move. So, I will stick to the original plan. Total risk was considered and accepted. Market might show me the door by dragging the systems performances to all time low but at least, if that happens, I will lose with my set of rules.

@Sazon Thank you for your advise and time. Do you have a bench mark when it comes to a system trading? I know it can be vary on what type of system it is but in general, do you a bench mark on a system's return on risk?

I look at a system's performance (past and expected) from a variety of angles using a host of statistics and analytical procedures. Some of them are proprietary. However, a good statistic for return on risk is Cumulative Profit to date divided by the largest drawdown experienced to date.

Reply With Quote
The following 2 users say Thank You to Sazon for this post:
 
(login for full post details)
  #92 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Two systems are losing. System "Walker" is near 50% of historic max drawdown level. Adding more unit as the required $ has dropped. Adding into only the system Walker. As I am more comfortable with walker and saw it trading about a year now. Testing started around this time of last year.

Start
Risk: 3600
Margin: 1000
total: 4600 per unit

Now
Risk:2400
Margin:1000
total: 3400 per unit

3400 X 6 units= 20,400 will be put aside for immediate transfer if needed.

Current risk after 20,400 adding on.

Initial deposit: 25,000
Withdraw :-10,000
adding on :20,400
Margin(1000X17):-17,000
Total Risk :18,400

Reply With Quote
The following 2 users say Thank You to kanepa for this post:
 
(login for full post details)
  #93 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Have to re-balance the risk and margin. 20k which I have put aside is no longer available due to a personal/business reasons. To continue to trade two systems, I have reduced margin requirement to 600 from 1000 and number of contracts to be traded. Account is at 33k

System Walker.

Start
Risk: 3600
Margin: 1000
total: 4600 per unit

Now
Risk: 2000(From 3600 system have been losing. Down 1600)
Margin:600
Total: 2600 per unit X 10 contract= 26,000

Trading stops if account is at 6000.
Adding a unit 42000(BE point)+4200=44200

System Runner
start
Risk:4500
margin:1000
Total:5500 per unit

Now
Risk: 2800(system also has been losing. 1700 per unit)
Margin: 600
Total:3400 per unit. X 2 contract= 6800.

trading stop if account is at 1200.
Add a unit at 15300(4500 Risk+600 Margin=5100. BE point is at 10200.)

The max risk stays the same but it is cheaper now because two system was losing past couple of month. Tried my best to re-balance. A regular guy trying to play this game. Sorry if it looks messy.

My total out of pocket risk
Initial deposit: 25,000
Withdraw :-10,000
Margin(600X12):-7200
Total Risk :7800

Reply With Quote
The following 2 users say Thank You to kanepa for this post:
 
(login for full post details)
  #94 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

As this monthly result is showing, not having a profitable trading phase at this moment. The system "runner" was introduced too early. As mentioned before, I traded right away without proper incubation period. Not only that, I have entered right after the system showed very high profits.

Depending on my personal/business situation, I might be adding more funds to increase size of contracts. Crossing 100k mark is the one of my major goal.

I have been testing a system to trade crude oil future. In last 10 years, System traded about 35 times a year(intraday). After commission and 1 tick slippage, slightly above 60% accuracy and 1.1 win/loss ratio. Max drawdown is at 5200. So in real trading, I will need about 7000 to trade a single contract. Will begin with sim account for Oil soon.

Not an easy task. Making money in trading huh?
Thank you.

Attached Thumbnails
Click image for larger version

Name:	unnamed.png
Views:	83
Size:	217.5 KB
ID:	252509   Click image for larger version

Name:	unnamed1.png
Views:	73
Size:	222.7 KB
ID:	252510  
Reply With Quote
The following 3 users say Thank You to kanepa for this post:
 
(login for full post details)
  #95 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Finally a profitable trade yesterday but not without some problem. I was eyeing on a potential sell signal around opening. But I noticed Ninjatrader was frozen. After a few rebooting, I have found the problem. When I had system performance window open, I did not bother to close it. I had more than dozen performance tab opened and every time I shut ninjatrader off, it was saving it into my template.

Sell signal was never triggered into an order. But when market came back up to it's original sell price at 2822, I manually entered short. And it almost stopped out. It was 1 tick away from being stopped then market started tumble to down side. Covered at 2815.50.

No manual trades has been entered other than yesterday since April's mistake. I am doing great on following my plan and sticking with it. Still some distance to go to break even area. Currently down about 40%.

Reply With Quote
The following 2 users say Thank You to kanepa for this post:
 
(login for full post details)
  #96 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Following rules that I have created is sometimes difficult to watch. Like today. System entered long @2858.50 around 11:30 and the target was missed by 1 tick from 3:35 high. Profitable trade turned into a losing trade. But we go on to trade another day.

I have tested ATM strategies on the system. Such as if some points gained, bring stops to near BE and etc. But the results was not attractive. All it did was cutting into profitable trades and adding on the cost of trading. So this type of trades will be occurring again in near future. So trust process and sit on your damn hand. Let the strategy pan itself out.

Some of issues I was having with personal/business matter has been resolved. Around 14k is being put aside to add 5 additional contracts to system walker. Currently trading 15 contracts.

My total out of pocket risk
Initial deposit: 25,000
Withdraw :-10,000
Boost: 14,000
Margin(600X17):-10200
Total Risk :18,800

Original system Walker's risk per unit: 3,600
Current: down -950 per unit=2,650

Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #97 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

August result: 17 total trades 9 profit 8 stopped out resulting in $780 net gain.(All system)

2017
24,941 to 32597 +7656 +30%

2018 so far
32,597 to 39,688(current bal+10,000 withdraw) +7109 +21%

ROR would be higher but since it varies by my commitments at times, I have used the total account balance to calculate the numbers.

By reading and researching this forum, I came to a hard conclusion. No matter where you are at, if you match or out perform S&P year after year, That is a sign of a great trader. Do not mind what others are doing. Do not pay attentions to all the books about super traders I have read before. Because I am not working as a runner in Chicago pit in 90s, have a raw talent as a super trader nor have resources to obtain and spot irregular patterns in this highly efficient market.

All I can do is play my game and follow the rules.(sounds repetitive but I must remind myself often)

Thank you.

Attached Thumbnails
Click image for larger version

Name:	ScreenHunter_01 Aug. 31 18.17.jpg
Views:	59
Size:	12.3 KB
ID:	254403   Click image for larger version

Name:	Capturew22.PNG
Views:	53
Size:	33.6 KB
ID:	254404   Click image for larger version

Name:	Capture33.PNG
Views:	69
Size:	23.8 KB
ID:	254405  
Reply With Quote
The following 5 users say Thank You to kanepa for this post:
 
(login for full post details)
  #98 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received



Not the trap part!

Reply With Quote
The following user says Thank You to kanepa for this post:
 
(login for full post details)
  #99 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

Well. I think I have made an mistake here. I came up with three different strategies to trade different market condition. Instead of treat them as a single method to trade, I was treating them as a individual strategy. Giving them their own set of capital to trade. So from now, all will be come under one capital to trade. Here is some numbers.

Historic max dd: 5500
Adding 50% of max DD for system cut off(total lost):2750
margin for es: 600 per unit.

5500+2750+600=8850 is the full price per single unit.

System is just coming out of worst draw down period. Which is 5500 per unit. So the per unit capital requirement looks like this.

8850(per unit capital)-5500(current DD)=3350 per unit.

Account balance: 30,900
Units to trade: 10 (10X3350=33500) Account is under capitalized by 2600 which will be sent in if needed in future.

There are three possible out come.
1. system continue to make bigger loss and take me out of the game.
2. system produces similar number of winners and losers to create a flat equity curve line for awhile.
3. system in sync with market condition and start to gain positive equity curve.

It is true that I certainly hope it works out but me hoping will have zero impact on what is going to happen. Accepted the risk and let's play.

On right side of attached image, I was not in on the large spike of profit. instead, I got on board right at the top(red arrow)

My total out of pocket risk
Initial deposit: 25,000
Withdraw :-10,000
Margin(600X10):-6000
capital needs to be sent in:2600
Total Risk :11,600

Attached Thumbnails
Click image for larger version

Name:	ScreenHunter_01 Sep. 09 10.43.jpg
Views:	68
Size:	145.5 KB
ID:	254989  
Reply With Quote
The following 3 users say Thank You to kanepa for this post:
 
(login for full post details)
  #100 (permalink)
philadelphia pa
 
Experience: Intermediate
Platform: ninja
Broker: NinjaTrader Brokerage
Trading: es
 
Posts: 165 since Jul 2017
Thanks: 322 given, 337 received

System can very much go further than current max DD. A lot of thoughts coming into my head. Such as "this is time to increase my risk" "maybe you wanna cash out" and etc.

The reason is. I do not have a faith in my system. Yes. It has been profitable but not without sizable volatility. I saw it made money and lost money. Since I started last July, It has been a little bit more than a year, learned a lot about system trading but that does not tell me where this system is going to do...Who am I to trying sneaking into the 5% club?

But I must remind myself. Even if I get taken out of this game, it will be done with me sticking with the system and rules. No over ride trades and no tweaking the system because current market condition favors it.

Some said if you let the machine do the work, you eliminate emotions out of trading. WRONG! well..at least in my case. It might reduce it a bit but they are still there. I still have to fight the urges.

I am babbling here but this helps me to stick with my rules and plan by reminding me in writing.

Reply With Quote
The following 3 users say Thank You to kanepa for this post:


futures io Trading Community Trading Journals > Trading journal ES system trading.


Last Updated on January 18, 2021


Upcoming Webinars and Events
 

Journal Challenge!

February
 

Battlestations!

March
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts