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Scalpingtrader's Earn2Trade Gauntlet Journal


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Scalpingtrader's Earn2Trade Gauntlet Journal

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  #1 (permalink)
Hanover, Germany
 
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This journal will be dedicated to my attempt on the Gauntlet from @Earn2Trade.

But maybe a little bit on my recent trading background first, so that you know where I am coming from.
I am trading on and off for several years now, first starting during my bachelors with several (objectively) small forex accounts, then finding my way through CFDs on indices into the realm of futures.

Looking back at my journey, I think I have come a long way towards success... But not quite all the way yet.
In January/February 2017 I made my way to a funded account with TST by trading CL. One day of overtrading & failing to stay far enough away from their daily loss limit ended that chapter for me.

Earlier this year, I made it through the OneUp evaluation & received a funded account from them. But their setup/restrictions didn't really fit my needs for a long-term gig, so I had them close the account pretty soon after, while being up a couple hundred bucks.
Since then I have traded my own account. Unfortunately, I couldn't maintain the discipline I had shown with OneUp on my own. Suffice to say that my account has not exactly been growing lately.

Now I am here...

The setup at Earn2Trade/Helios seems to be the first one yet where I can see myself trading under the roof of a company for the long-term, so I have decided to give this thing a go.
(plus I need the change of scenery)

Some reasons why I believe the setup at E2T/Helios to be a good one for me personally:
- apparently VERY fair and flexible rules during both the Gauntlet and the live environment thereafter.
- Negotiating a bigger account is not contingent on retaining profits in the live accout. At other firms, you had to basically grow your leverage through your profits exclusively. This means that paying yourself properly while still growing the account in a relevant way was not really possible.
- profits are shown as investment returns, not regular income.

I have laid out my basic trading plan in my post for the November Journal challenge, so feel free to hop over there now & leave me with a "thanks" at the end ;-)



Cheers, ST.

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  #3 (permalink)
Niles, Michigan
 
 
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Awesome, I am currently in the Gauntlet as well, I started just yesterday. I really like the setup they have as well. No trailing loss limit, even allow for a 10 percent drawdown. I have 59 days left. I honestly can get a bit more anxious trading this sim than my real account, since a lot is on the line and all of my actions are being scrutinized.

-Cade

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Hanover, Germany
 
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I’ve added a daily loss limit of -850$ to the standard rules, which translates to about -3R.
The trade style description is pretty much what I wrote over at the Challenge post...:


Quoting 
Stoploss: always one tick below the low of the last three candles (for longs, reverse for shorts)

Position Size: calculated on a max. risk-% of account size & the stoploss distance. I am accounting for 1 tick slippage in this calculation, as entry is with stop orders. For the Gauntlet, the settings will be 1% of account size (i.e. ~250$) per trade. Maximum number of contracts is further limited by margin requirement.

TakeProfit: Reviewing historical charts & average swings, I have concluded that, for me personally, 1.5 x the 12-period ATR is a good middle ground between win-ratio and risk/reward. (5min chart).
Moving forward, I will periodically review actual trade history to determine whether a larger or smaller target is more suitable. Special rule: If the ATR-target is smaller than the calculated risk, the target will be extended to meet 1:1 risk/reward ratio.

Daily stoploss: -3R

As for what & how I trade:
> no indicators, just price action. In the past I used VWAP, EMA, PP & Fib ratios. With context, they all work. But it also works just fine without those things, so over time I have come to appreciate the clarity and focus of a clean chart.
> 5 minute chart. CME Instruments are ES & 6E.

> Traded setups are more or less:
- Trend Reversals (for ranges and broken trends)
- Simple pullbacks for strong trend continuation
- complex pullbacks for "normal" trend continuation
- continuation at trendlines

All setups require at minimum a break of a prior bars high or low, and preferrably or a completed signal bar.

Now waiting to get the account credentials, so should be good to go on Monday.

Cheers,
ST.

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Market Wizard
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Fail, keep getting back up, fail keep getting back up.

I really like your attitude man!

All the best to you on your journey.

“Happiness is the meaning and the purpose of life, the whole aim and end of human existence.” Δ

“There is no path, but only a fool wouldn’t follow it.”
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  #6 (permalink)
Hanover, Germany
 
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For anyone struggling to detach themselves from the “meaning” of an individual trade or day, maybe it’s useful to call to memory the significance of luck over a small sample size in trading. Simplest tool I have found for that yet:

EquityCurveSimulator

An expectancy of 0.2 will, over time, make you wealthy. But that doesn’t mean that you can’t have a breakeven phase of 100 trades. This is a remarkable property of probability-based businesses that is, for me, extremely difficult to truly accept as a human being with needs such as validation, security and - most importantly - causation.

As humans, everything our brain looks at is brought to a rational conclusion. In trading, that proves to be fatal.
If anyone is interested in these kinds of things, I recommend the book „Thinking fast and slow“

Anyways, I digress.

If you struggle, like me, with the statistical nature of trading, plug a profitable set of metrics that speaks to you, personally into the above simulator daily. That’s what I started doing a few days ago. Over time, as I believe that you become what you consistently think about, your brain might learn to accept the inherent randomness of trade results. At least I hope it does...

Cheers, ST.

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  #7 (permalink)
Hanover, Germany
 
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very connected to my last post here - this is a great webinar from FT71, which I believe every retail trader can benefit from tremendously.

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  #8 (permalink)
Hanover, Germany
 
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5 trades in 6E today, 3 of which I would classify as "good", one I would classify as "premature", one I am uncertain how to classify, but leaning towards "premature".

ES volatility is still crazy, so I couldn't take the first trade I saw. Second great setup I just missed... oh well.


edit: realized that I took some of those trades in my own account, as I had some hickups setting up the strategy this morning. So only 4 trades went into the Gauntlet account, being the last 4 that are marked on the chart.

Overall happy with the day, some operational flaws in setting everything up etc plus 1 1/2 "premature" trades, but nobody's perfect I guess.

Charts below:
Scalpingtrader's Earn2Trade Gauntlet Journal-20181105_6e_tradesummary.pdf
Scalpingtrader's Earn2Trade Gauntlet Journal-20181105_es_tradesummary.pdf

Tradervue:



@Pa Dax - I know you're not trading 6E, but still curious what you make of the 6E entry signals I took today...?

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  #9 (permalink)
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Scalpingtrader View Post
5 trades in 6E today, 3 of which I would classify as "good", one I would classify as "premature", one I am uncertain how to classify, but leaning towards "premature".

ES volatility is still crazy, so I couldn't take the first trade I saw. Second great setup I just missed... oh well.


edit: realized that I took some of those trades in my own account, as I had some hickups setting up the strategy this morning. So only 4 trades went into the Gauntlet account, being the last 4 that are marked on the chart.

Overall happy with the day, some operational flaws in setting everything up etc plus 1 1/2 "premature" trades, but nobody's perfect I guess.

Charts below:

...

Good first day.

Why pdf's for screen shots? On Chrome, at least, that means:

1. Download to the hard drive (and select and then remember the folder so I can delete it later)
2. Open the pdf and look at the chart
3. Go back to where I downloaded it and delete it, so I don't fill the drive up with stuff I don't need.

Speaking only for myself, I don't think I'll be doing this after today.

I'm sure you have a reason....

But otherwise, good work, and I'm glad to see you in this. Best of luck with it.

I voted already, of course. I knew I would like it.

Bob.

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  #10 (permalink)
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bobwest View Post
Good first day.

Why pdf's for screen shots? On Chrome, at least, that means:

1. Download to the hard drive (and select and then remember the folder so I can delete it later)
2. Open the pdf and look at the chart
3. Go back to where I downloaded it and delete it, so I don't fill the drive up with stuff I don't need.

Speaking only for myself, I don't think I'll be doing this after today.

I'm sure you have a reason....

But otherwise, good work, and I'm glad to see you in this. Best of luck with it.

I voted already, of course. I knew I would like it.

Bob.

NT is installed on a SpeedyServer, with no snipping tool on it, so I just used the integrated Print function.
But I see how that’s annoying to all viewers once it’s posted here, so I’ll go ahead and get me the SnippingTool onto the server

Oh and thanks for the vote, it’s appreciated !

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Scalpingtrader View Post
5 trades in 6E today, 3 of which I would classify as "good", one I would classify as "premature", one I am uncertain how to classify, but leaning towards "premature".

ES volatility is still crazy, so I couldn't take the first trade I saw. Second great setup I just missed... oh well.


edit: realized that I took some of those trades in my own account, as I had some hickups setting up the strategy this morning. So only 4 trades went into the Gauntlet account, being the last 4 that are marked on the chart.

Overall happy with the day, some operational flaws in setting everything up etc plus 1 1/2 "premature" trades, but nobody's perfect I guess.


@Pa Dax - I know you're not trading 6E, but still curious what you make of the 6E entry signals I took today...?

I think you did very well mate - I have to say I'm a sucker in Forex - I miss a clear open of the day, failed breakouts above/below yesterday, all that stuff.

I hope you can agree with me that today was a trading range day on the 6E. Yes, it trended down for hours, but it was in a trading range type fashion. So that means that bulls are buying low and take 1R trades and bears are selling high (around the MA) taking either 1R or 2R trades.

On your first entry at 9.35 CET - Yes that one is too eager. Although - if you had put your stop in the correct place above the lower high, you would not have been stopped out. I think however that there were bulls that had bought the 8:40 close and scaled in lower. Also these 4 bars were very strong and bulls bought the closes waiting to exit as soon as they got disappointment. They got disappointed at the inside bar after the double top and quickly exited. At the same time, those 8:40 bulls exited break-even on their first and with a profit on their 2nd entry.
There were gaps below, bears still holding a position, nice looking bear bar, bears also knowing that bulls would exit and the market went down to a new low in two legs.
In fact, this whole day is just a bull/bear party of two-legged moves up to the moving average and down to a new low.

These types of days might require a second position to scale in at a new signal lower or higher if you are entering a little prematurely.
I'm not sure what went wrong there on your second loss - it's kind a hard to see without trade and stop info here. But it seemed like a good short setting a new low and yielding 1R. You would exit as soon as you saw the little bear doji being weakness at a new low. With bulls buying new lows for scalps to the Moving Average and bears exiting the market was due to quickly move up again.

If you look at the move from 8:30 to 9:00 as a spike and then the move from 10:00 to 14:00 as the channel you would have noticed maybe the measured move down. The best trade of the day was probably the reversal back up after the failed breakout below the channel at 14:00. With so much trading range price action, gaps above and scale-in positions this had a high chance of moving back to the start of the channel. A 2R target on that trade went to 1.1438 where the first big bar appeared indicating bulls taking profits there (also a failed breakout at HOD).

Also, and this might be important is that I don't recognize your trend line drawn. If you kept drawing your trend line across new lows you would have gotten some more information maybe on the exhaustive bear bar at a measured move. Your trend line can also not start at that 23.00 mark you have on your chart, cause the move started much later.

I'm not sure if I would be able to trade this at all @Scalpingtrader - I guess the only trade I would have taken is that 14:00 trade - the rest is just to small to even take. But I'm an even better hindsight trader than realtime trader so I'm happy to comment here - LOL.

Your best trade today IMO is the trade on the ES you didn't take! First off because it was the best trade of the day and you spotted it. And second, because you realized that the risk was too large and you let it pass. That's the correct decision to make and very wise.

So I think you did extremely well. That first trade was too eager but with the right stop would have been a winner. And the other one you said was a loser as winner as well factually or at least should have been so extremely good result - only leaves me puzzled about the outcome of that second L.


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  #12 (permalink)
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THANKS @Pa Dax for that detailed feedback!
As I’m a sucker for trade management, I am on detox right now.
Meaning I’ve come up with a reasonable compromise in terms of trade management, plugged that into a strategy and can’t meddle with it after a trade is on.

As a result, the target for the second loss was about two to three ticks lower than the market went (1.5x ATR) and the stop was above the lower high (always the high of the last three bars +1 tick).

This setup is not set in stone, but for the duration of the Gauntlet, I don’t want to fiddle with it - which is, above all, an exercise in discipline and detachment.

P.S.: I am sure you would be just fine trading 6E, it’s more a question of if it would be worth your time, as liquidity is limited compared to ES and Bund & Range isn’t that impressive. Avg trade today was 12 ticks or 75$ per contract. Maybe comparable to a low volatility month on ES, but much less volume.

Thanks again for taking the time - your analysis helps me tremendously to get out of my own head & observing someone else’s train of thought that is built on similar concepts / ideas. I appreciate and track all journals here, but your style is the only one where I see actual knowledge transfer to my own trading.

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  #13 (permalink)
west palm beach florida usa
 
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Hope you do well with this. I like the parameters of this company much more that what I have seen from the others. It's almost like they actually want to enlist some good traders...as opposed to finding reasons to fail them.

Failure is not an option
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lancelottrader View Post
Hope you do well with this. I like the parameters of this company much more that what I have seen from the others. It's almost like they actually want to enlist some good traders...as opposed to finding reasons to fail them.

Thanks, I hope so too

I have the same feeling about them, compared to the others. Time will tell, as their base grows larger and more people share their experiences.

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Last couple days were ridiculous trading from my side, resulting in hitting the max DD on the Gauntlet.
Posting individual trades makes no sense, as I was pretty much all over the place.

As the Gauntlet was scheduled to run until January 1st, I will take that time to educate myself, study the markets and try to fiiiinally settle on an approach to trading that is sustainable in the longterm.

I will share the educational journey of the next couple of weeks here & eventually get into a new Gauntlet.

Below the cumulated statistics for this pathetic attempt.
I guess thats what you get for always just trying to "wing it" and trade while not being able to keep something the same for 5 days in a row...







Today I started the education part with the following webinar by Al Brooks, kindly hosted by FIO.


Personally I am actively ignoring the parts where he talks about how scaling into positions is a great thing (I'll leave that to the experienced, profitable traders that have the necessary skill and bankroll), but there are plenty other useful bits in there.

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Sorry to hear about this week.Ive been there too many times!Im not familiar with earnto trade, but i will assume they back traders who pass their gauntlet.Try to think in terms of what they would expect from you, to fund you.I believe the first thing they would say, is , what is in your playbook?Your 1st play, would be the highest % win rate.Something that is scalable.Also, the risk would be defined.You get so good at this one play, that you would execute it every time,without hesitation.Thats the discipline.Then , after so many days/trades,you can realistically say ,whether the trade has an edge.You have the statistic part of it down.So much of the the day is noise, but if you have the 1 play that you see clearly, exploit that 1 play.When the edge is clear, raise the size.Over time, traders tend to develop their playbook, to accomodate different scenarios.I hope this helps.I am in the same boat.You may be alot closer than you think
Bob

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You have good thinking, reasonable, but not dry - you deserve a good system. I would not spend time on AB - it will take me a long time, but will bring little benefit.
Your system, which you have described, makes little use of the psychology of weak money, although it is this money you want to receive. Think about it, not relying on books and courses - you have studied them enough
sorry for my 0.02

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remarka View Post
You have good thinking, reasonable, but not dry - you deserve a good system. I would not spend time on AB - it will take me a long time, but will bring little benefit.
Your system, which you have described, makes little use of the psychology of weak money, although it is this money you want to receive. Think about it, not relying on books and courses - you have studied them enough
sorry for my 0.02

Thanks for you 2 cents, that’s what makes this forum a good place - exchange of opinion without the usual bashing!
If you can spare a word or two more on what you mean by “weak money” it’ll be much appreciated,

ST.

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I can ask questions only:
- There are situations in the market when the price action is chaotic?
- Of course, then we are on the sidelines.
- If the price action is at times chaotic, does this mean that at times the price movement is unpredictable?
- Yes.
- If this is indeed the case, can the price action to go in one direction for a long time, remaining in chaos?
- Yes.
- And while doing higher highes and higher lows?
- Yes.
- Then how do you distinguish a trend from chaos?

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remarka View Post
You have good thinking, reasonable, but not dry - you deserve a good system. I would not spend time on AB - it will take me a long time, but will bring little benefit.
Your system, which you have described, makes little use of the psychology of weak money, although it is this money you want to receive. Think about it, not relying on books and courses - you have studied them enough
sorry for my 0.02

I dont believe there is such a thing in life has having studied enough.
If you're into price action trading, mastering Al Brooks is the holy grail imo.

I do agree with your other post to some degree but it might be better to summarize as: learn a few high probability set ups first and trade those exclusively. If they don't show during a day then you have a day without trades. If they show 10 times in a single day, you have 10 trades.

As you proceed learning price action and get more and more screen time looking for those few set ups you start to recognize more and more patterns and set ups that you can start to evaluate to add to your portfolio.

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Market Wizard
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I've been in a trenches many years and have worked with many trading teachers some better some worse but for me Al Brooks is a person who worth listening to. I personally found his style a little bit machine like but also precise and detailed, so at first I missed his message but the more I understand the mechanics of trading the more I learn to appreciate his work. Of course I've been following your work for a while now as well and I know you know all this. Technical edge can be learned from others but self-understanding, which just as much a requirement imho can only be obtained through inner work.

I believe a good starting point would to go back to the point of 'failure' and see how you felt. Let's say I set a goal to execute and manage my next trade by the rules that I've set. I execute the trade, it goes against me I don't take the stop and I end up taking 2 times the planned loss. We can say I lost my awareness when I acted out of emotional drive. Then I set a goal again to try twice as hard this time.. same thing happens. What is the issue? Why am I doing this? A part of me starts judging another part of me (strangely, right?) I tell myself that I should've been more aware, try harder next time but what about this moment, this moment is real, it has happened, I'm here but I I feel hurt, failure, pain, I don't want that (I am being judged by myself.. what, then am I one or two?) Yet it is the only thing I seem to get on the long run. What I forget is to accept myself now. I set goals to not get to this place again but I forget to set goals to not judge myself again If I get here and life will surely let me have this lesson as many times as I need

I say become aware at or after the point of failure (as well) and accept yourself, just breathe, you are okay. The pain is like a demon that will haunt us until we face it. Magically and this is true magic, once we truly face something it will be dissolved, gone. Strangely many times we traders are using the market to act out our emotional dramas as well. This is life, this is how we grow and that is okay. If we strip all this, what will happen? Charts, execution, management, win/loss, probabilities playing out.. mmm pretty boring right? The roller-coaster ride has a certain magic to it.

I've read many journals over the years and your journals are one of my favorites. I can see that you can trade properly and profitably, you have the trading skills, the question is do you really want to be in that place?

All the best! And thanks for sharing and being open.

“Happiness is the meaning and the purpose of life, the whole aim and end of human existence.” Δ

“There is no path, but only a fool wouldn’t follow it.”
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  #22 (permalink)
Hanover, Germany
 
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First of all, thanks to everybody for the contribution & support!

I have spent much of the weekend on introspection, thinking about multiple angles of why I am not evolving as a trader.
Among others, these are important observations:

1) I have no structured "trading day". In the last 6 months or so I have traded more than 95% of the time on-the-go via remote desktop from my phone, very often in the office or on public transport.
2) I have no clearly defined entry signals. I do have a broad spectrum of "trade ideas". But I haven't focused on a single setup or recurring pattern.
3) Consequently, I have no way to systematically improve and master the execution.
4) I have no structured "daily review" / learning process.
5) I am prone to changing things - A LOT. Markets, Charts, Timeframes, etc.


For many of these things, there is simple remedies.
The following action plan will be implemented during the next 2-3 months, not focusing on performance but on habit, process, method & operation.

1) I am only trading at home on a stationary computer. To achieve this, I will carve out 3 days per week where I will be able to trade almost the entire US Session, from about one hour after the open onwards. (I wont trade until market close, of course cause I cannot concentrate that long, but the time is blocked for it.) This is a more professional AND more balanced approach, compared to today.

2) I have spend a good amount of time on actual THINKING about the markets, and what separates losing behavior from winning behavior. As a result I have been able to settle on a specific trade setup that I understand from the underlying market psychology and that seems tradeable to me. It occurs several times during the day, so trade frequency is not an issue. It occurs on trend and on range days, so that also is not an issue. I'll post more details sometime during the next days / weeks, but the trade setup is not the point of this post. The point is, I am focusing on ONE SETUP.

3) This allows me to consistently train spotting the setup live & also on replay. I will replay the same day over and over, until I am consistently spotting all occurences of the setup for that session & execute them properly.
Just as importantly, by doing this I hope to rewire myself such that I stop taking trades that are outside of the defined method.

4) The justm mentioned repay-drill will then be the core and foundation of my learning process.

5) This one is easy (not simple, mind you). I focus on one market (ES) and one chart (5min RTH) with no technical indicators on it.



I will give a status update frequently, but not on a daily basis.
Now that it's thrown out here, let's see which of these adjustments stick

Cheers,
ST.

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  #23 (permalink)
Legendary Price Action Scientist
Netherlands
 
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Scalpingtrader View Post
First of all, thanks to everybody for the contribution & support!

I have spent much of the weekend on introspection, thinking about multiple angles of why I am not evolving as a trader.
Among others, these are important observations:

1) I have no structured "trading day". In the last 6 months or so I have traded more than 95% of the time on-the-go via remote desktop from my phone, very often in the office or on public transport.
2) I have no clearly defined entry signals. I do have a broad spectrum of "trade ideas". But I haven't focused on a single setup or recurring pattern.
3) Consequently, I have no way to systematically improve and master the execution.
4) I have no structured "daily review" / learning process.
5) I am prone to changing things - A LOT. Markets, Charts, Timeframes, etc.


For many of these things, there is simple remedies.
The following action plan will be implemented during the next 2-3 months, not focusing on performance but on habit, process, method & operation.

1) I am only trading at home on a stationary computer. To achieve this, I will carve out 3 days per week where I will be able to trade almost the entire US Session, from about one hour after the open onwards. (I wont trade until market close, of course cause I cannot concentrate that long, but the time is blocked for it.) This is a more professional AND more balanced approach, compared to today.

2) I have spend a good amount of time on actual THINKING about the markets, and what separates losing behavior from winning behavior. As a result I have been able to settle on a specific trade setup that I understand from the underlying market psychology and that seems tradeable to me. It occurs several times during the day, so trade frequency is not an issue. It occurs on trend and on range days, so that also is not an issue. I'll post more details sometime during the next days / weeks, but the trade setup is not the point of this post. The point is, I am focusing on ONE SETUP.

3) This allows me to consistently train spotting the setup live & also on replay. I will replay the same day over and over, until I am consistently spotting all occurences of the setup for that session & execute them properly.
Just as importantly, by doing this I hope to rewire myself such that I stop taking trades that are outside of the defined method.

4) The justm mentioned repay-drill will then be the core and foundation of my learning process.

5) This one is easy (not simple, mind you). I focus on one market (ES) and one chart (5min RTH) with no technical indicators on it.



I will give a status update frequently, but not on a daily basis.
Now that it's thrown out here, let's see which of these adjustments stick

Cheers,
ST.

Very sound solutions you put in place there mate and I think you're making good decisions there.
Less is more - reduce, reduce, reduce.
I've pretty much limited everything I can in trading - no indicators, no manually dealing with stops and profit orders, one chart, (as prep going through HTF but do that before markets).
No P&L, no DOM, no bid/ask watching, only watching the chart. Every tick means something to me and I see price moving at different levels. I try to understand what the market is doing and then try to see if it succeeds at that or fails.

Also, think about the trading business rationally: you're competing against the smartest traders in the world. You want to take their money, they want to take yours. You think you can do that in public transport on the phone if you're trading short time frames? Obviously not. Stop doing that. While on the road put your eyes away from the phone and look outside. While trading, put your eyes on the chart. The combination of those two will bring you the best trading ideas.

For me, I know I need to be home alone, in my zone with no distractions, and with my set-up. Hell, I even needed to switch to Ninjatrader cause I can only trade well if my bear bars are black and my bull bars are white. I'll leave all of you with green and red or blue but for me that doesn't work. I also needed to have a chart where I can scroll around freely. I just don't like price to be at the top of my screen in a bull trend because it seems to hit the edge of the screen and cannot go any higher. It's those tiny little things when you're starting out that can make all the difference.

In any case the motto 'reduce, reduce, reduce' might be the way to go for you short term. Too many traders are focused on entry points. I actually focus more on exit points - places where I believe profit targets are. If I know where the stop is and where the target is, I can basically enter at any point in the lower half of that to get a more than 1:1 risk reward. Basically it means that I'll never ever enter a trade where I believe the profit target is less than 1:1 RR. Over time looking at price action only you'll start to see those area's more clearly and once you understand the mathematical approach that defines an edge you'll be able to further reduce trading by simply entering with stops and targets and leave the rest to it. I you just look at the ES, you'll find a lot of times that buying above a strong bull signal bar goes up to 2R (with trend) or 1R (counter trend) and that's where traders take profits. Sometimes it reverses at just 1 tick below the target which tells you traders are trapped. It's really the tiny little things like that - even when the ES moves 20 points on a day there's tiny little 1 or 2 tick things that can tell you something. Nothing is noise.

Anyway @Scalpingtrader - let's keep our other channel open and happy to discuss anything that comes up.
Good luck my friend.

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  #24 (permalink)
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Scalpingtrader View Post
1) I am only trading at home on a stationary computer. To achieve this, ...

... I just configured myself a desktop trading / gaming rig

Looking at what I did to my trading account this year I probably don't "deserve" this, but then again I haven't bought any other phone, PC/Laptop or console in the last 4 years, so I don't feel too guilty about it

Plus it's not over the top, really. Costs me "only" 1,200€ including assembly, Win10 preinstalled, monitor, mouse, keyboard & mousepad.

Below the parts if anyone gives two sh$!ts:

1 x GIGABYTE H310M S2V, Mainboard
1 x MSI Radeon RX 580 ARMOR 8G OC, Graphics card
1 x Intel® Core™ i5-8500, Processor
1 x Patriot DIMM 8 GB DDR4-2666 DR RAM
1 x Thermaltake Versa J25 TG RGB, Casing
1 x Thermaltake Smart RGB 600W, Power
1 x Intenso TOP SSD 256 GB, Solid State Drive
1 x Microsoft Windows 10 Home OEM Alternate, OS-Software
1 x Scythe Katana 4, CPU-Cooler
1 x TP-Link Archer T9E, WIFI-Adapter

1 x AOC G2460PF, LED-Monitor
1 x Roccat Kova - Pure Performance Gaming Mouse
1 x Speedlink ULTOR Illuminated Mechanical Gaming Keyboard
1 x random 900x400 gaming mousepad off amazon

Merry X-Mas everyone

Oh and pics will naturally follow once it's set up

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  #25 (permalink)
Hanover, Germany
 
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Platform: NinjaTrader
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Took the last 1 1/2 weeks almost entirely off from trading. This weekend I will get back into doing some replay.
Next week I am on business trip half the week & the entire week thereafter. So not much live (SIM) trading to be expected in the upcoming weeks. Nonetheless, I‘ll work on my focus points in replay, expecting that at least part of it will transfer into live performance.

When I got the PC all set up, I will probably still not trade live for the first 2 weeks or so, but rather just have the chart up on one screen while doing something else on the main one. Why? Because I need to drill into my head that I don’t need to be placing trades, just because the market is open & I am sitting in front of a Chart.

Now a happy weekend to everyone.
Cheers, ST.

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  #26 (permalink)
Legendary Market Wizard
vancouver British Columbia/Canada
 
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Scalpingtrader View Post
Why? Because I need to drill into my head that I don’t need to be placing trades, just because the market is open & I am sitting in front of a Chart.


Cheers, ST.

I hear you there... I'm all about just focusing on building the discipline to trade only when I should be trading. And to sit and watch happily (which is the tricky part) when I am not. I guess I should also say I am failing at it right now.

Sounds like a good practice to me...
Craig

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Vancouver
 
 
Posts: 29 since Apr 2018
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Scalpingtrader View Post
Took the last 1 1/2 weeks almost entirely off from trading. This weekend I will get back into doing some replay.
Next week I am on business trip half the week & the entire week thereafter. So not much live (SIM) trading to be expected in the upcoming weeks. Nonetheless, I‘ll work on my focus points in replay, expecting that at least part of it will transfer into live performance.

When I got the PC all set up, I will probably still not trade live for the first 2 weeks or so, but rather just have the chart up on one screen while doing something else on the main one. Why? Because I need to drill into my head that I don’t need to be placing trades, just because the market is open & I am sitting in front of a Chart.

Now a happy weekend to everyone.
Cheers, ST.



Happy new year !!
How’s trading been for you so for for 2019?

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  #28 (permalink)
Hanover, Germany
 
Experience: Beginner
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supreme23 View Post
Happy new year !!
How’s trading been for you so for for 2019?

Thanks man, same to you!

Last couple of weeks I mostly unwinded. Watched the charts a couple of times while hanging out on the PC but mostly ignored the markets & took a breather. End of January / beginning of February I intend to get back into the Gauntlet. Until then it’ll be mostly non-trading stuff plus a few sessions of just watching the market I guess.

Happy trading in 2019 to you and everyone else,
ST.

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