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My MES Live Account Journal (OneUp)
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My MES Live Account Journal (OneUp)

  #11 (permalink)
New York City, USA
 
Trading Experience: None
Platform: NinjaTrader
Favorite Futures: ES
 
CarpetHooligan's Avatar
 
Posts: 61 since Aug 2017
Thanks: 9 given, 74 received

Ask a coder to write an app for you that will auto shut down your trading platform and won't allow you to start it until next day.

Oh and if you try to uninstall the shutdown app, the total amount you lost will be auto withdrawn from your bank and sent to the coder.

I'm not kidding.

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  #12 (permalink)
Holladay, Utah, USA
 
Trading Experience: Intermediate
Platform: Multicharts
Favorite Futures: NQ YM
 
sstheo's Avatar
 
Posts: 69 since Oct 2012
Thanks: 51 given, 167 received


CarpetHooligan View Post
Ask a coder to write an app for you that will auto shut down your trading platform and won't allow you to start it until next day.

Oh and if you try to uninstall the shutdown app, the total amount you lost will be auto withdrawn from your bank and sent to the coder.

I'm not kidding.


This is an awesome idea! This would certainly elevate things to the level of "You are an &*#@!^ing idiot if you trade outside of permitted hours." And I am sure that ANY desired behavior could be monitored -- and violations punished the same way.

But is not the goal in all trading (if not all of life!) is to become AUTO-Disciplined? LOL

And thanks to you Carpet Hooligan, I just had a major epiphany. Thanks so much!

Since this thread is my own journal, I just realized that I can utilize the scrutinous eyeballs of other thoughtful FIO members such as yourself to help me reach my desired trading behaviors. I can simply add a few columns to the daily spreadsheet that I already post weekly, and honestly track the results of the the things I am struggling with the most.

These are the first four:

(1) Did I trade only during New York Regular Trading Hours?
(2) Did I place an emergency stop on 100% of my trades?
(3) Notwithstanding the stop, did I scratch immediately if I determined the trade was going against me?
(4) What was the actual largest negative excursion?

I know that I have cheated on my trading rules for many years, and that is why I am still a beginner.

In doing my best to follow my goals and posting the results here for all to see, I am fearful that my win rate may drop precipitously, but perhaps I will be pleasantly surprised with an increase in overall profits. Is it finally time for my win rate to be sacrificed on the altar of profitability? Yes. The problem with most traders is that their need to be "right" outstrips their desire to make money. It is time for a change for me. The Holy Grail of Trading is DISCIPLINE and Discipline = $$$.

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  #13 (permalink)
Madrid - Spain
 
Trading Experience: Advanced
Platform: Ninja
Favorite Futures: ES
 
ignacio90's Avatar
 
Posts: 139 since Mar 2012
Thanks: 640 given, 172 received



CarpetHooligan View Post
Ask a coder to write an app for you that will auto shut down your trading platform and won't allow you to start it until next day.

Oh and if you try to uninstall the shutdown app, the total amount you lost will be auto withdrawn from your bank and sent to the coder.

I'm not kidding.

I'm kidding but it's built it...

https://daytraderprofesional.com/herramientas/guardian-angel-trader

Cheers

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  #14 (permalink)
Holladay, Utah, USA
 
Trading Experience: Intermediate
Platform: Multicharts
Favorite Futures: NQ YM
 
sstheo's Avatar
 
Posts: 69 since Oct 2012
Thanks: 51 given, 167 received


ignacio90 View Post


Is this your creation? This is amazing. What is the price in $USD?

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  #15 (permalink)
Oregon
 
Trading Experience: Beginner
Platform: Sierra Chart
Favorite Futures: ES
 
Stillgreen's Avatar
 
Posts: 191 since May 2014
Thanks: 341 given, 245 received

Congratulations on your success so far with OneUp.
With Topstep , once you are funded, you have to pay the Professional rate for Data feeds for each CME/CBOT market.
Is this the same with OneUp ?

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  #16 (permalink)
Virginia Beach, VA
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: YM, NQ, ES
 
Brandenton's Avatar
 
Posts: 424 since Sep 2016
Thanks: 324 given, 744 received


Stillgreen View Post
Congratulations on your success so far with OneUp.
With Topstep , once you are funded, you have to pay the Professional rate for Data feeds for each CME/CBOT market.
Is this the same with OneUp ?

Nope. Once funded, they flip the bill. All you have to do is trade.

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  #17 (permalink)
Holladay, Utah, USA
 
Trading Experience: Intermediate
Platform: Multicharts
Favorite Futures: NQ YM
 
sstheo's Avatar
 
Posts: 69 since Oct 2012
Thanks: 51 given, 167 received


Stillgreen View Post
Congratulations on your success so far with OneUp.
With Topstep , once you are funded, you have to pay the Professional rate for Data feeds for each CME/CBOT market.
Is this the same with OneUp ?

As mentioned, there is nothing to pay with MES Capital for data feed.

What do those professional data feed fees cost each month?

And why would anyone consider someone on TST a professional unless they were credentialed? It seems punitive.

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  #18 (permalink)
Market Wizard
Quebec
 
Trading Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,852 since Oct 2009
Thanks: 3,413 given, 4,853 received


sstheo View Post
As mentioned, there is nothing to pay with MES Capital for data feed.

What do those professional data feed fees cost each month?

And why would anyone consider someone on TST a professional unless they were credentialed? It seems punitive.

I think the CME considers you are a pro when your trade other people's money.

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The following 2 users say Thank You to trendisyourfriend for this post:
 
  #19 (permalink)
Singapore
 
Trading Experience: Intermediate
Platform: NinjaTrader, Sierra, MT4
Favorite Futures: ES, CL, NG, XAUUSD, USDJPY
 
dyst's Avatar
 
Posts: 71 since May 2015
Thanks: 34 given, 50 received

Good question, I wondered about that too.

If you dont have the financial licence papers, how can you be classified a professional? If it is about managing other people's money... well then idk what to say really.



sstheo View Post
As mentioned, there is nothing to pay with MES Capital for data feed.

What do those professional data feed fees cost each month?

And why would anyone consider someone on TST a professional unless they were credentialed? It seems punitive.


Numbers work... Magic lies in the numbers
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  #20 (permalink)
New York City, USA
 
Trading Experience: None
Platform: NinjaTrader
Favorite Futures: ES
 
CarpetHooligan's Avatar
 
Posts: 61 since Aug 2017
Thanks: 9 given, 74 received


If you are trading someone else's money and are signing up for TST that indicates a logic disconnect somewhere A trader is considered pro when they trade as part of an LLC, for example, because it allows multiple people to then trade the account as part of the company. They need to sign as that company if they want to later direct taxes and loss deductions against it as well.

Sent from my SM-G930F using Tapatalk

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