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My challenge of being a consistent trader
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Created: by asyx Attachments:5

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My challenge of being a consistent trader

  #31 (permalink)
Munich, Germany
 
Trading Experience: Beginner
Platform: not important
Favorite Futures: NQ / CL / GC
 
Posts: 81 since Mar 2011
Thanks: 383 given, 75 received

190625

all net commissions & fees

# of trades: 11
winning trades: 82 %
profit factor: 11.9
max. cons. wins: 5
max. cons. losses: 2
max. drawdown: 1.600 $ ok I admit I put on too much size

...last year I did a lot of stupid things out of desparation. Now I have to learn immediately that overconfidence is bad, too. Otherwise I crash the plane before it really takes off.

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The following 2 users say Thank You to asyx for this post:
 
  #32 (permalink)
Munich, Germany
 
Trading Experience: Beginner
Platform: not important
Favorite Futures: NQ / CL / GC
 
Posts: 81 since Mar 2011
Thanks: 383 given, 75 received

psychologically I can`t stomach more then a $ 1.700 loss

yesterday my max drawdown was $ 1600.
This was shortly before my bearable pain threshold.
In the past, whenever I came into the region of 1700-2000 my mind started to play tricks.
Then I see set-ups where no set-ups are.
I deviate completely from my trading style, mostly shooting for home runs.
And I do one trade after another.

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  #33 (permalink)
Munich, Germany
 
Trading Experience: Beginner
Platform: not important
Favorite Futures: NQ / CL / GC
 
Posts: 81 since Mar 2011
Thanks: 383 given, 75 received


I should also have some comparison # of trades on good days vs. # of trades on bad days.
On bad days I trade a lot more than on good days.
This has to be the other way round.

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  #34 (permalink)
Munich, Germany
 
Trading Experience: Beginner
Platform: not important
Favorite Futures: NQ / CL / GC
 
Posts: 81 since Mar 2011
Thanks: 383 given, 75 received

190626

all net commissions & fees

# of trades: 31
winning trades: 61 %
profit factor: 0.96
max. cons. wins: 6
max. cons. losses: 3
daily gain to max. drawdown: -0.06
devils: 7

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  #35 (permalink)
Munich, Germany
 
Trading Experience: Beginner
Platform: not important
Favorite Futures: NQ / CL / GC
 
Posts: 81 since Mar 2011
Thanks: 383 given, 75 received

190627

Prep

  • yields falling
  • CL & industry metal correcting
  • volatilities compared to Apr./May still elevated
  • HB vs. LV still rising
  • more stock volume to the upside
  • open interest of puts higher than for calls

Prefer NQ & GC more to the upside.
GCs correction could lure in some buyers again.
If I was big I would try to bid it up again, before I unload before the weekend.
CL I still don`t know how I should interpret the movements.
Gonna go only on board if I see really strong moves - in either direction.


Last edited by asyx; June 27th, 2019 at 03:22 AM. Reason: comments
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  #36 (permalink)
Munich, Germany
 
Trading Experience: Beginner
Platform: not important
Favorite Futures: NQ / CL / GC
 
Posts: 81 since Mar 2011
Thanks: 383 given, 75 received

additional metric: daily peak profit give back

It happens too often that I have already banked enough but go on with trading.
The assessment shows that I am overall better off when implementing a daily loss limit.
When I have a "run" there is nothing wrong to book additional profits.
But it is a big error to give back to much or even let it turn into a daily loss.

Therefore I need an add. measure. Something like:

GiveBackFactor
daily peak profit drawdown factor
....

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  #37 (permalink)
Munich, Germany
 
Trading Experience: Beginner
Platform: not important
Favorite Futures: NQ / CL / GC
 
Posts: 81 since Mar 2011
Thanks: 383 given, 75 received

190628 Prep

lackluster trading in stocks; daily PB stopped yesterday
yields still falling but perhaps building a temporary low, time-spread still rising
HYG vs. IEF consolidating
CL & industry metal correcting
volatilities compared to Apr./May still elevated but coming down
HB vs. LV still rising
more stock volume to the upside
open interest of puts higher than for calls


NQ:
difficult guess: if someone wanted he could have taking NQ higher yesterday without spending too much money.
But this did not happen. Think we also see some position closing before the weekend.
Expect a range-market with not too much activity.
After European close perhaps they bid it again a little bit up.

GC:
lots of opportunities these days in GC
But dont underestimate the volatility.
Perhaps a push up to lure in buyers and then unloading before the weekend
Prefer upside fading moves and momentum down.

CL:
seems more vulnerable to the downside.


Last edited by asyx; June 28th, 2019 at 03:41 AM.
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  #38 (permalink)
Munich, Germany
 
Trading Experience: Beginner
Platform: not important
Favorite Futures: NQ / CL / GC
 
Posts: 81 since Mar 2011
Thanks: 383 given, 75 received

190628 Results

all net commissions & fees

# of trades: 15
devils: 1
winning trades: 57.1 %
profit factor: 3.15
max. cons. wins: 4
max. cons. losses: 5
daily gain to max. drawdown: 3.4
PeakProfitGiveBack: 0.0 %

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  #39 (permalink)
Munich, Germany
 
Trading Experience: Beginner
Platform: not important
Favorite Futures: NQ / CL / GC
 
Posts: 81 since Mar 2011
Thanks: 383 given, 75 received

190107 Results

all net commissions & fees

# of trades: 38
devils: 3
profit factor: 3.24
winning trades 66.7 %
max. cons. wins: 4
max. cons. losses: 2
daily gain to max. drawdown: 3.4
max. drawdown: -1.2
PeakProfitGiveBack: 0.0 %

...had the max. dd at the beginning. the rest of the day i had a run.
if i gave not back most of the gains on bad days, i already would be rich lol...

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  #40 (permalink)
Munich, Germany
 
Trading Experience: Beginner
Platform: not important
Favorite Futures: NQ / CL / GC
 
Posts: 81 since Mar 2011
Thanks: 383 given, 75 received

190702 Results


all net commissions & fees

# of trades: 18
devils: 1
winning trades 72.7 %
max. cons. wins: 7
max. cons. losses: 2
profit factor: 2.6
max. drawdown: -3.0
daily gain to max. drawdown: 1.0
PeakProfitGiveBack: 0.0 %

Not happy with my trading today. The high win rate lures me into too many contracts.
More conviction than healthy.
Taking too much heat!

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