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TraderEX-CME-ES-Tradovate-one to three tic target.


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TraderEX-CME-ES-Tradovate-one to three tic target.

  #81 (permalink)
TraderEX
 
Posts: 96 since Sep 2018
Thanks Given: 68
Thanks Received: 177


chipps1983 View Post
Wish you good Luck.

Thanks for the kind words and the chance to vote for your journal. Appreciate both!

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  #82 (permalink)
TraderEX
 
Posts: 96 since Sep 2018
Thanks Given: 68
Thanks Received: 177

DD-

Hospital today at 12 est so I will be away for a while. I am going to try trading from my cell phone. I depend on a larger viewing screen so I bought a magnifying glass. Time will tell if it can be done. Should be on heavy doses of Dilaudid, aka hospital heroine, for at least a week. I need to tread lightly.

Margin is going to be 1800.00 with 1300 of that for risk capital. Two contract per trade maximum. Then the old rules apply. Under 1500 is one 1 contract max and over 2k is 3 max. 2500-4,3000-5....

The overnight paid and that's my pocket money for the vending machines. Hospital food has come a long way but the quantity is small. They call it healthy???

Thanks DD-

EX

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  #83 (permalink)
TraderEX
 
Posts: 96 since Sep 2018
Thanks Given: 68
Thanks Received: 177


DD-

I was stuck and probed most of this afternoon and surgery is on for manana.

I started the margin account with $1780.00. Today was my commission day to pay so I took the active plan at $99.00 a month plus $0.19 per side for commission. So, $1681.00 was my starting figure. I traded from my gurney and/or wheel chair at the hospital after trading from the car. Educators say that you need a "HOT ROD" computer with a dedicated line and...That may apply to other, slower moving contracts, but not the ES.

I was watching the tic chart for a while and saw trades 200+ contracts and zero slippage. The monster we know as the ES gobbles them up whole and spits out the one contracts warriors.

Things I will be doing while I am down is comparing the VIX to the ES for exit and width of stop loss. My target had been a single tic up(56/60 with 4 ties and zero losses is the record) until 08/2018. Setting a target higher is new for me. I've been winging it Early in the process it looks like it might be linear. Could it be as simple as VIX-9 = max target. That puts the target within 2 standard deviations(68.27%) which covers a whole lot of ground. Once ahead, a stop loss at BE is critical. I use a trailer at that point.

The results are in and a simple screen of volume and 5 minute candles, stacked on top of each other, along with cell phone, does the trick. Not as accurate as my 55" screen at home but it's the dollar figure that counts and not the beautiful stats.

Next time Big Mike has a contest about our trade station, I have some choices. My phone trading at the supermarket, beach, bathroom, and/or hospital will be my entry. No phones allowed in the OR. Maybe that will beat the 8 screen monstrosity with blood pressure cuff within reach and the latest edition of "Habits of Successful People".

The next experiment is me up on Dilaudid. We'll see but my thoughts are not a problem.

Typing this on a phone is brutal and no more unless I have an hour to waste. Can't type, can't see that well, and I have a great memory so a few weeks not journal ing will be like the 3.5 years I spent not journal ing.

TY DD and I'll BE BACK shortly.



EX

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  #84 (permalink)
 blueground 
Boulder CO
 
Experience: Advanced
Platform: NT, TS
Trading: EC
Posts: 7 since Jan 2011
Thanks Given: 3
Thanks Received: 4

The fact that you are trading so consistently in the face of your back pain is truly amazing to me in and of itself.
Your journal has been eye opening for sure - I am curious to know more about what you do to help control your gambler side as 'overtrading' has been an achilles heal for me. I clearly see how I have ditched numerous promising methods due to my poor performance as a result... only to repeat the process. Managing my overtrading episodes has been the biggest challenge to this loop.

I truly wish you a speedy recovery from what sounds like a very difficult surgery. Thank you for your journaling and my contribution to you is to tell you about a pain management device called the firstTx Personalized Drug-Free Pain Relief - ENSr Medical Inc and you might also want to look into Cobroxin and Niloxin - these are non habit forming and highly effective pain alternatives.


TraderEX View Post
DD-

I was stuck and probed most of this afternoon and surgery is on for manana.

I started the margin account with $1780.00. Today was my commission day to pay so I took the active plan at $99.00 a month plus $0.19 per side for commission. So, $1681.00 was my starting figure. I traded from my gurney and/or wheel chair at the hospital after trading from the car. Educators say that you need a "HOT ROD" computer with a dedicated line and...That may apply to other, slower moving contracts, but not the ES.

I was watching the tic chart for a while and saw trades 200+ contracts and zero slippage. The monster we know as the ES gobbles them up whole and spits out the one contracts warriors.

Things I will be doing while I am down is comparing the VIX to the ES for exit and width of stop loss. My target had been a single tic up(56/60 with 4 ties and zero losses is the record) until 08/2018. Setting a target higher is new for me. I've been winging it Early in the process it looks like it might be linear. Could it be as simple as VIX-9 = max target. That puts the target within 2 standard deviations(68.27%) which covers a whole lot of ground. Once ahead, a stop loss at BE is critical. I use a trailer at that point.

The results are in and a simple screen of volume and 5 minute candles, stacked on top of each other, along with cell phone, does the trick. Not as accurate as my 55" screen at home but it's the dollar figure that counts and not the beautiful stats.

Next time Big Mike has a contest about our trade station, I have some choices. My phone trading at the supermarket, beach, bathroom, and/or hospital will be my entry. No phones allowed in the OR. Maybe that will beat the 8 screen monstrosity with blood pressure cuff within reach and the latest edition of "Habits of Successful People".

The next experiment is me up on Dilaudid. We'll see but my thoughts are not a problem.

Typing this on a phone is brutal and no more unless I have an hour to waste. Can't type, can't see that well, and I have a great memory so a few weeks not journal ing will be like the 3.5 years I spent not journal ing.

TY DD and I'll BE BACK shortly.



EX


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  #85 (permalink)
 tradepips 
Sacramento, CA USA
 
Experience: Intermediate
Platform: Sierra Charts
Trading: YM, ES
Posts: 144 since Feb 2018
Thanks Given: 573
Thanks Received: 110

Thank you for this journal. Very encouraging that you have done so well. I hope you feel better soon.

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  #86 (permalink)
TraderEX
 
Posts: 96 since Sep 2018
Thanks Given: 68
Thanks Received: 177

DD-

Been sometime, but I'm always in your debt. I can recall the past accurately but sometimes my mind bends the truth in my own defense. I appreciate my ID comforting me but my EGO needs check.

Thanks to the members here wishing me well. I appreciate he offers made and the suggestions that followed. I can assure you if you sent me a suggestion I will google it to death.

My story starts in Jan 2015 when I opened an account with GOFUTURES. I had no trading model and they were very interested in their commissions. I lost in 2015, 6500, and in 2016, I lost 5200.

I joined Tradovate by chance as I enough with GOFUTURES. I saw immediately that the unlimited trades for a flat price was for me and the model I was developing. In 2017, I was down 3800 at the peak and finished 17,200 ahead. My model was to profit one tic per trade and employ more contracts per trade. The year was primarily 1 tic profit.

Now, in 2018, my model exploded in the second half of the year. I got to three contracts per trade and to 5 contracts at the end. I'm sitting today just short of 90,000 net profit for the year.

Since I became profitable all my time has been on refinement of a winning model. I had an eight step process that checked boxes and then entered with a bracket 2-4 trailing stop loss. Since my model was constructed during the bull run, I knew nothing about bears or their markets. I know have a full education and see that i can make more in a down market. Opposing traders experiencing paralyzing fear as they realize the ride free is over for now.(big money will always make big money therefore big money is an edge).

I am still searching for the optimal stop loss. VIX, range, volume and who knows what goes into that mix. Not defeated though, just not victorious yet.

I found that some of the eight steps were not necessary and sometimes added confusion to the entry decision. I cannot get any simpler now or I would have no screen. 5 minute candles, and an understanding of their meaning, along with some volume trackers and done.(for now)(need to be flexible)

So, for 2019, I hoping big numbers as in big boy numbers. I have more to risk but hopefully that will just not be necessary. I wish the members here a nice holiday and hopefully we will all be on the "right" side of all trades.

My cell phone experiment yielded profit but not like the full setup. That tells me I'm on to something. I've been talking with another trader and we are looking for the reason behind the big moves. I can say now with certainty, I understand price action for a tic or two of profit but for no more.

One tic is plenty if you are very certain and very right. Today was wild and very exciting.

I confessed my gambling addiction from the past and it does rear its ugly head unexpectedly. Being blind sided like that can blowup my account which has not been blown up in 2 years. I keep my margin account low. Yes it is a pain in the ass but sending money back and forth is less troublesome then going to the cleaners. Tradovate offers a lockout option which can be reversed by the user. To me it was useless. The second it cut me off the was the second I changed the parameters. I asked them to develop a lockout that asked how long it would last and was irreversible. I have not heard anymore about it.

Today was more trades than usual. I only define the term over trading if you are behind. Today was just busy for my model.

SHOUT out thanks to BIG MIKE for running a smooth operation. I came from a not so smooth place.

Thank You Dear Diary, I'd be lost without you.

EX

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  #87 (permalink)
TraderEX
 
Posts: 96 since Sep 2018
Thanks Given: 68
Thanks Received: 177

DD-

I'm back!

I found this from BIG MIKE




TY DD-

EX

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Last Updated on December 20, 2018


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