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ES - developing 5:1 plan


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ES - developing 5:1 plan

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  #21 (permalink)
New York City + NY/United States
 
Experience: Advanced
Platform: NinjaTrader
Trading: Emini ES
 
Posts: 72 since Sep 2018
Thanks: 9 given, 39 received

Today going to try to trade without profit targets. Removing targets from the ATM, and only leaving ATM stops.

I know right clicking on the stop has an option to separate out the individual contract stops.
Does anyone know how to close out 1 contract early without a profit target? Unlike profit targets (move below/above current price to auto close), if a stop is moved above the current price it just returns an error. Especially if the price is moving quickly, chasing the price with a stop because I want to close out early can lead to losing a bunch of ticks. There must be a way to partially close the position, but I don't see it on the chart trader or even in the control panel positions/orders views.

Or I guess I can leave profit targets in the ATM, and just set them initially very high, and primarily use them as a way to partially close early.

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  #22 (permalink)
New York City + NY/United States
 
Experience: Advanced
Platform: NinjaTrader
Trading: Emini ES
 
Posts: 72 since Sep 2018
Thanks: 9 given, 39 received

If anyone is interested, I modified the enhanced tick counter indicator to also include the time next to the current price bar. I've even included changing the font on the tick counter and time independently in indicator settings. Feeling like I'm making good progress learning how to modify indicators.


Attached Files
Register to download File Type: zip Tick counter and Time next to Current Bar.zip (2.7 KB, 1 views)
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  #23 (permalink)
New York City + NY/United States
 
Experience: Advanced
Platform: NinjaTrader
Trading: Emini ES
 
Posts: 72 since Sep 2018
Thanks: 9 given, 39 received


A month in review. Lost about $2500.

I've experienced significant emotional highs and lows this month. Just when I thought I had it figured out, I downward spiraled over 2 recent days, losing the entire month of gains + $2500 initial capital. Looking back now, I don't think I had it figured out at all, but was just lucky.

I feel like I have all of the individual components in theory figured out in my head, but I can't fit them together in practice into a consistently profitable month.

Like I'm right on the cusp, but keep sliding backwards.

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July 1, 2020


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