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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

  #191 (permalink)
 
Blue Eagle's Avatar
 Blue Eagle 
vancouver British Columbia/Canada
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TradingOgre View Post
Like this:



Yes, it's quite a day on the NQ today... trying to learn new things to watch for as far as swings and levels... Once we were back thru the Weekly Open @ 7368, which has been defended a couple times I was pretty sure we would put in a good move... caught some but not all...
I'm enjoying your thoughts and journal.
Good luck...
Craig

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  #192 (permalink)
 
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 TradingOgre 
Evans GA/USA
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Blue Eagle View Post
Yes, it's quite a day on the NQ today... trying to learn new things to watch for as far as swings and levels... Once we were back thru the Weekly Open @ 7368, which has been defended a couple times I was pretty sure we would put in a good move... caught some but not all...
I'm enjoying your thoughts and journal.
Good luck...
Craig

Thanks. I will eventually get the hang of it and not miss so many trades. It is just a matter of time.

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  #193 (permalink)
 
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 TradingOgre 
Evans GA/USA
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One of the best lessons you can ever learn as a trader is knowing when you are not in the right frame of mind to take trades. Realizing that I have missed out on 100% of a 164+++++ point move with no valid reason is pathetic in my mind. That may sound like I am being harsh on myself but sometimes you just got to say it like it is. I spend a ton of time on the weekends and in the evenings backtesting and running the simulator. There is no valid reason why I shouldn't be taking 90% or more of these trades.

Even on the 1000 tick chart there were 4 very distinct clear trading opportunities.



I mean seriously, there are no other ways that are more clear than those in the picture above.

Sigh..... Enough whining.....

Ok, got it off my chest. I am off of my soapbox. Taking a few minute break then we will look for what happens after lunch.

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  #194 (permalink)
 
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 TradingOgre 
Evans GA/USA
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Going to call it here. Too late in the day to try anything. Big goose egg for today.





Got some homework to do this weekend. Need to analyze the charts from the last few weeks. Need to calculate some statistics to drive it into this thick skull of mine how reliable the trading system really is over the long haul.

I think my trading skills related to Futures have come a long way in the last few weeks. Learned a good bit about myself and what I need to do to reach the goals I have set for the next few months. Those goals are still very achievable but the longer I wait the tougher they will be to reach.

Other than early in the morning, I need to stay off of the lower time frames. Looking at the 500 and 1000 tick charts for the last few days makes me think the holy grail for day trading exists on those charts. Just need to be sure the stop size isn't so big that a bad trade drains the account.

Thanks for all of the support, comments and help this week. It is really nice to finally be a part of a forum filled with people with the right mindset.

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  #195 (permalink)
 
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 ollie 
St. Petersburg, Fl
 
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You had a great week finishing with a positive $650 dollars. How many people do you know who make that much money working from home?


It's our job as traders to add equity to our account everyday by objectively analyzing information in real time, minimizing risk and drawdown and doing it in an efficient way as possible.

You did your job this week, AWSOME JOB!!!

Mike

Keep things as simple as possible, but no simplier. Albert Einstein

If you can't explain it to an eight year old it's to complicated
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  #196 (permalink)
 
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 TradingOgre 
Evans GA/USA
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Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
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Posts: 556 since Jul 2018
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Ran a trade performance report for the last two weeks. Not to jinx it or anything but I am on a decent win streak. 22 consecutive trades all profitable.

This report takes out commissions so the numbers are the real numbers added to the account.


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  #197 (permalink)
 
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 MiniP 
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TradingOgre View Post


One of the best lessons you can ever learn as a trader is knowing when you are not in the right frame of mind to take trades. Realizing that I have missed out on 100% of a 164+++++ point move with no valid reason is pathetic in my mind. That may sound like I am being harsh on myself but sometimes you just got to say it like it is. I spend a ton of time on the weekends and in the evenings backtesting and running the simulator. There is no valid reason why I shouldn't be taking 90% or more of these trades.

Even on the 1000 tick chart there were 4 very distinct clear trading opportunities.



I mean seriously, there are no other ways that are more clear than those in the picture above.

Sigh..... Enough whining.....

Ok, got it off my chest. I am off of my soapbox. Taking a few minute break then we will look for what happens after lunch.

At least you didn't end up taking multiple longs like I did lol.... no idea where the bull bias came from... guess it was one of those days ha.

-P

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  #198 (permalink)
 
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 Blue Eagle 
vancouver British Columbia/Canada
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MiniP View Post
At least you didn't end up taking multiple longs like I did lol.... no idea where the bull bias came from... guess it was one of those days ha.

-P

Not trying to be a dick but getting done with that catching a knife thing is one of my happiest accomplishments in my trading. I would recommend a chart that is very clear about trend direction... and never go against what it's saying. My only sadness on NQ today was that i got out too early... looking back at my chart end of day price was a mile lower than the 20MA I have on it and I never needed to get out till it crossed that area with mojo...which was the end of the move. 2 1/2 times lower than my target.
I found the "Crude Dude's" thread had some interesting ideas around this... and he is on NQ for most of the thread despite the title.
Craig

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  #199 (permalink)
 
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 MiniP 
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Blue Eagle View Post
Not trying to be a dick but getting done with that catching a knife thing is one of my happiest accomplishments in my trading. I would recommend a chart that is very clear about trend direction... and never go against what it's saying. My only sadness on NQ today was that i got out too early... looking back at my chart end of day price was a mile lower than the 20MA I have on it and I never needed to get out till it crossed that area with mojo...which was the end of the move. 2 1/2 times lower than my target.
I found the "Crude Dude's" thread had some interesting ideas around this... and he is on NQ for most of the thread despite the title.
Craig

I wouldn't call what I was "seeing" as catching knives I just had a very bullish bias for some reason all the entries we from really weak HL or ema breaks.. which is a valid signal but should of been skipped due to the massive down trend.

I never try to buy bottoms/springs even when there is a valid level. Cause I always fckkk it up ha

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  #200 (permalink)
 
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 TradingOgre 
Evans GA/USA
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Next week is loaded up with news events. Interest rates, NFP, etc. Will need to pay close attention near the news announcement times.

Should be an interesting week. Lots of stuff to shake up the markets.



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