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ES - developing 5:1 plan


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ES - developing 5:1 plan

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  #51 (permalink)
New York City + NY/United States
 
 
Posts: 225 since Sep 2018
Thanks: 85 given, 181 received

Last week I vowed not to scale up yet, but I just can't restrain myself any longer! It's just not doing it for me.
Tomorrow moving up to 2 contracts, and also continuing to buy back in for double dipping.
Let's get that bread.

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  #52 (permalink)
New York City + NY/United States
 
 
Posts: 225 since Sep 2018
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Thank you @Mich62
I'm an idiot... the answer is I was margin called. Excess position margin went below 0. Coincidental (and totally avoidable on my end) that the liquidation price was 3 ticks above the stop loss.
Deleting the 2 posts.



Mich62 View Post
This sucks. Wonder what is going on.

NT Continuum data. Low at 10:47 est was 3223.25.



200731_ES_1m


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  #53 (permalink)
Netherlands
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: IB, NinjaTrader Brokerage
Trading: Futures
 
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Posts: 244 since May 2012
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planetkill View Post
Thank you @Mich62
I'm an idiot... the answer is I was margin called. Excess position margin went below 0. Coincidental (and totally avoidable on my end) that the liquidation price was 3 ticks above the stop loss.
Deleting the 2 posts.

Ok, glad it's sorted out.

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  #54 (permalink)
New York City + NY/United States
 
 
Posts: 225 since Sep 2018
Thanks: 85 given, 181 received

Friday was a hard lesson learned. I got used to taking money out so frequently that I forgot about margin calls!
Essentially what happened was I scaled up contracts to max margin on the same day that I took a withdrawal, so when the position moved against me (but before the stop loss), it was forced closed.

I topped off the account with a larger amount this time, and today had phenomenal results. Caught both the initial down at open, and the up breakout at 10:00.

I'm much more comfortable using OCO orders for simultaneous buys and sells, and managing multiple different stop losses for different sides. Hot keys for everything helped a lot too, as I am transitioning to trading only on a laptop and removing all the extra screens.

Of course today I was on the correct side of the market movements, but even if I wasn't, I'd still give myself an A+ for managing the positions.

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  #55 (permalink)
New York City + NY/United States
 
 
Posts: 225 since Sep 2018
Thanks: 85 given, 181 received

Thank you for your help! You were instrumental in getting NT brokerage support to actually answer the question.

First they told me it was because I was trading without live data (wtf?)
Second they told me it was because the time on my local machine could be slightly different than the exchange (wtf?)
Only once I sent them your screenshot, and after an entire day of back and forth emails, did they finally look at it in say it was a margin call.


Mich62 View Post
Ok, glad it's sorted out.


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  #56 (permalink)
New York City + NY/United States
 
 
Posts: 225 since Sep 2018
Thanks: 85 given, 181 received

Increasing from 2000 tick --> 2500 for trailing stop not to take profit too soon, and to possibly avoid too early entry.

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