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Elitecamper's Micro Trading Journal


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Elitecamper's Micro Trading Journal

  #11 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,172 since Jan 2013
Thanks Given: 57,515
Thanks Received: 26,292


elitecamper View Post
I wasn't aware that today Wednesday the futures market would close at 12:15pm. So I left a position open by mistake and didn't close it at the end of day. Will this disqualify my Top Step combine? I was doing pretty good. Oh well I guess lesson learned.

I think it might, but if I were your I'd send of an email to TST support explaining the situation. They tend to be reasonable.

I'm not sure what the outcome would be, but it can't hurt, and might work. I would get that email (or phone call) off as soon as possible. They will be shutting down the office early too, most likely.

Bob.

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  #12 (permalink)
 elitecamper 
McAllen, TX
 
Experience: Advanced
Platform: Multicharts, Jigsaw
Broker: Ironbeam
Trading: ES, ZN, ZB, ZF
Posts: 104 since May 2013
Thanks Given: 108
Thanks Received: 133

I been trading the Micros successfully and have stepped my game up to trading the regular NQ and YM and even some ES contracts. I am really confident in my strategy and in my trading development.

Here is what I have learned that has made me trade successfully. If I enter a trade and for any reason I experience any negative emotions about the trade then I exit the trade and live to trade another day. I believe that every trade one should be happy and content that the trade is going well and is moving your way. So that's my secret, never stay in a trade that I don't like.

Also I developed a new indicator that I believe is the most efficient trend tracker I seen. I developed it for CQG Qtrader and Multicharts.

Switching to Motivewave is in my plans as I am on a Mac and rather use native software than running a virtual machine.

Anyhow these are my updates.

Good Luck and happy trading.

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  #13 (permalink)
 
Brandenton's Avatar
 Brandenton 
Virginia Beach, VA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TopStep
Trading: YM, MYM
Posts: 831 since Sep 2016
Thanks Given: 755
Thanks Received: 1,557



elitecamper View Post
I been trading the Micros successfully and have stepped my game up to trading the regular NQ and YM and even some ES contracts. I am really confident in my strategy and in my trading development.

Here is what I have learned that has made me trade successfully. If I enter a trade and for any reason I experience any negative emotions about the trade then I exit the trade and live to trade another day. I believe that every trade one should be happy and content that the trade is going well and is moving your way. So that's my secret, never stay in a trade that I don't like.

Also I developed a new indicator that I believe is the most efficient trend tracker I seen. I developed it for CQG Qtrader and Multicharts.

Switching to Motivewave is in my plans as I am on a Mac and rather use native software than running a virtual machine.

Anyhow these are my updates.

Good Luck and happy trading.

Congrats on your trading. The micros are one of the best things that have happend in 2019, allowing more people into the trading arena without sacrificing their life savings to learn. Best of luck going forward.

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  #14 (permalink)
 elitecamper 
McAllen, TX
 
Experience: Advanced
Platform: Multicharts, Jigsaw
Broker: Ironbeam
Trading: ES, ZN, ZB, ZF
Posts: 104 since May 2013
Thanks Given: 108
Thanks Received: 133


Brandenton View Post
Congrats on your trading. The micros are one of the best things that have happend in 2019, allowing more people into the trading arena without sacrificing their life savings to learn. Best of luck going forward.

Thank you Brandenton. If it weren't for the micros I wouldn't have an account. Plus brokers are more lenient to open accounts for people with low income or low net-worth. In my opinion trading the CME micros is way better than trading forex. These markets move way better and there is more opportunity to profit for everyone.

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  #15 (permalink)
 elitecamper 
McAllen, TX
 
Experience: Advanced
Platform: Multicharts, Jigsaw
Broker: Ironbeam
Trading: ES, ZN, ZB, ZF
Posts: 104 since May 2013
Thanks Given: 108
Thanks Received: 133

I was doing really good, I felt like I had arrived. I would go to the store and think to myself I could buy that if I wanted to.

But I lost my way, I was doing very impulsive stuff. And the fact of my psychiatric illness made things more difficult.

And so I am not currently trading my account anymore. I wouldn't say I am addicted to trading but that I am addicted to achieving success, is that a bad thing? I want to be financially independent. Maybe I should choose another means.

I am going to take a few weeks off. Then I am going to attempt some combines. Just the fact that its not my account takes a lot of the pressure off. I feel a great relief that calms me and puts me back at square one.

I am looking forward to obeying all the rules of the combine and having a framework to trade within. I really need it.

So my new style will be opportunistic discretionary within the rules of the combine the stricter the better.

Some gunslinger type trading but with rules that's the perfect combo in my book. I will keep you guys updated. And I will post some Trades.

I been more successful when I wait for a trade to come to me and then it bounces back and its ready then to get on board the train which will be the next trend move. Or the next wave.

Well there you have it guys keep on trading, take profits with care, and not with avarice.

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  #16 (permalink)
 elitecamper 
McAllen, TX
 
Experience: Advanced
Platform: Multicharts, Jigsaw
Broker: Ironbeam
Trading: ES, ZN, ZB, ZF
Posts: 104 since May 2013
Thanks Given: 108
Thanks Received: 133

Hello Everyone I am back trading, I took a break. But now I am back.

What I am noticing from my trade attempts at trading the MES is that we aren't really trading against other people but instead we are trading against bots that keep probing for liquidity. And they are the ones who create the trends. Because some moves are irrational for example why keep probing for a few ticks when you could potentially profit more going the opposing way.


I am not happy about this conclusion. Makes me not want to trade. Or have to readjust my approach to a higher level of sophistication and be aware of algos and what they are doing.


I am not saying I know it all or see everything. I am just trying to make sense of things I see in the market.

Good luck guys. And always be prepared when you enter into the battlefield. Man versus machine.

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  #17 (permalink)
 elitecamper 
McAllen, TX
 
Experience: Advanced
Platform: Multicharts, Jigsaw
Broker: Ironbeam
Trading: ES, ZN, ZB, ZF
Posts: 104 since May 2013
Thanks Given: 108
Thanks Received: 133

Today I was able to read the flow of the market pretty well. I had 6, 20 tick winners, and one 10 tick loser. So it was $220 for my micro combine with topstep trader. I been learning a lot. One thing I do is I sometimes move my stops from a .5 to a 1:1 ratio to give the trade more room to breath. I moved my stops today but I try not to move them more than once or else it will it not end well.

My goal is to get funded. It will be like a part time job for me. Also right now I am attending school for a degree in Computer Science. So I trade in the morning and do homework in the evening.

Thanks for reading my journal.
BTW I am just using daily pivot points and a %R indicator smoothed with a Hull moving average and the Jigsaw Dom.
These are my 3 tools. I try to keep is simple.


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  #18 (permalink)
 elitecamper 
McAllen, TX
 
Experience: Advanced
Platform: Multicharts, Jigsaw
Broker: Ironbeam
Trading: ES, ZN, ZB, ZF
Posts: 104 since May 2013
Thanks Given: 108
Thanks Received: 133

I been trading the MES contract and it was a slow day today. There was finally a decisive move up towards the end of the day. Small profit today 2 losers for 10 ticks and one winner for 30 ticks or so ticks.

Also today I tried out the ATAS order flow trading platform. And I really like it, it was really snappy. And I noticed it helped me trade what I saw versus relying on my indicators on my Multicharts platform. The indicators will trap you sometimes, sometimes they cloud your judgement.


I like what I see so far from ATAS, maybe it will be my next platform.

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  #19 (permalink)
 elitecamper 
McAllen, TX
 
Experience: Advanced
Platform: Multicharts, Jigsaw
Broker: Ironbeam
Trading: ES, ZN, ZB, ZF
Posts: 104 since May 2013
Thanks Given: 108
Thanks Received: 133

I traded all week and at the end of the week I am down $80 on my micro combine. I am happy because on Monday I was close to a $400 loss. But I made most of that back trading just two contracts at a time. When there is low volatility I am tempted to trade 5 contracts at a time. But I am more comfortable trading just two. I am trying to grind it out instead of hitting home runs with more leverage. Grind it out is more safe and sure. Well thanks for reading may you guys have a wonderful weekend.

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  #20 (permalink)
 elitecamper 
McAllen, TX
 
Experience: Advanced
Platform: Multicharts, Jigsaw
Broker: Ironbeam
Trading: ES, ZN, ZB, ZF
Posts: 104 since May 2013
Thanks Given: 108
Thanks Received: 133


My trading is evolving, I would say that instead of trading everything I see, I am being more selective with my entries. Instead of being a gun slinger I am turning into a sniper that shoots from long distances. Also I am not using jigsaw or order flow anymore, I am just trading a 500 tick chart, my main indicator is session pivot points. And two custom indicators, one is a lowpass filter that mimics and STLM digital filter and the other is a Hull smoothed BiPoloarDMI. And that's it.


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