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Day Trading from an Ogre's Point of View


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Day Trading from an Ogre's Point of View

  #471 (permalink)
 
bobarian's Avatar
 bobarian 
whitestone, new york
 
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spetscom View Post
We still have one in our town. You guys don’t ?

not anymore....its really too bad...try going to Bestbuy for a cable....waste of time

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  #472 (permalink)
 
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 TradingOgre 
Evans GA/USA
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Good trading day overall even though I was distracted trying to get audio to work I managed to get some decent trades in along with 2 chicken trades. LOL!

Today I started a 1,000 dollar challenge as I listed in a previous post. 1 contract per 1,000 in the account with a starting balance of 1,000. Day went well with no drawdown, only 1 break even trade (so technically a $3.66 loser) and 3 trades profitable. Started with 1,000 ended with 1,340.36 after commissions. That works out to be a 34% gain. There were a ton of other opportunities to take trades but I was too distracted to take them. The returns would have been much higher. But I am not complaining about a 34% gain. In fact I am very happy with those numbers considering how unfocused I was most of the day.

I did take one trade based on the 50 tick chart early this morning. The 50 tick works really well early in the morning from about 1 am until about 8-9 am Eastern time US. I happened to be up and saw the opportunity and took it. I will be trading early in the morning tomorrow. Price is moving nicely then and it is a good opportunity to get in with tight stops which is great when trying to build a tiny account. If I can build a decent profit it will help later in the day to act as a cushion when the markets really start to move.




All the other trades today were based on the 1000 tick chart.




Now, I need to remember how to use Premier Pro. Been a while and they just updated it the other day. Time to knock off some rust. I will let everyone know when I upload the video. May take a bit, rust is tough to remove. LOL!

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  #473 (permalink)
 
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 TradingOgre 
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spetscom View Post
We still have one in our town. You guys don’t ?

Nope. And like @bobarian said going to BestBuy is a joke. I needed a display port cable the other day and they wanted 20 bucks for a 6 foot cable. I paid 10 for a 10 ft cable on Amazon. Gold plated at that. LOL!

I think I may have found someone who may have a cable I can borrow. The type of cable I need is called an XLR cable. Not something Wal-Mart would carry. LOL! May actually have sound starting tomorrow if he can find his.

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  #474 (permalink)
 
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 TradingOgre 
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It's ugly but it is up. They will get better, I promise. LOL!


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  #475 (permalink)
 
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 MiniP 
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TradingOgre View Post
It's ugly but it is up. They will get better, I promise. LOL!


how did you get the tick counter on the bar?

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
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  #476 (permalink)
 
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 TradingOgre 
Evans GA/USA
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MiniP View Post
how did you get the tick counter on the bar?

-P

It's the Ogre's Tick Counter of course. LOL!




Wow! Forgot to set the alarm and look what I missed (about 26 points at this time):




It also seems like trading in the evening is worthwhile these days. We are down nearly 90 points on NQ already. Most of that was from the evening yesterday.

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  #477 (permalink)
 
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 MiniP 
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TradingOgre View Post
It's the Ogre's Tick Counter of course. LOL!




Wow! Forgot to set the alarm and look what I missed (about 26 points at this time):




It also seems like trading in the evening is worthwhile these days. We are down nearly 90 points on NQ already. Most of that was from the evening yesterday.

Thanks!

Today is shaping up to be a hell of a day best of luck!

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
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  #478 (permalink)
 
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 TradingOgre 
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MiniP View Post
Thanks!

Today is shaping up to be a hell of a day best of luck!

-P

Hard to trade when 1,000 tick candles are 50-80 ticks. Lower time frames are just too fast right now. I will give it some time to settle down.

There is a bar timer version that puts the time next to the candle as well.

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  #479 (permalink)
 
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 TradingOgre 
Evans GA/USA
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How in the world do you trade this?? Simple.... You don't. LOL!




Maybe we will get another 100 point run in a little while.

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  #480 (permalink)
 
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 bobwest 
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TradingOgre View Post
It's ugly but it is up. They will get better, I promise. LOL!

I'm glad you did this. Well worth watching.

I decided to just skip through to the good parts though -- 45 minutes is a bit long to sit through. I watched to the end, using the slider to skip along.

I did definitely like your annotations. They explained your decisions as well as audio would have.

The fact that you were recording and commenting in real time (while it was happening and not afterwards) is impressive. Your comments show how important it is to have a clear set of rules to follow. I wonder how stressful it was for you as you did it.

I'm looking forward to more, as you develop your filming and editing technique. Too bad about that cable, but you did fine for a first shot at something that's pretty difficult to do.

Bob.

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