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Rogue MNQ 2/21 Journey


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Rogue MNQ 2/21 Journey

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  #31 (permalink)
 RogueJoules 
Tampa Bay , FL
 
Experience: Intermediate
Platform: Tradovate
Trading: MNQ , MES
 
RogueJoules's Avatar
 
Posts: 29 since Jan 2021
Thanks: 32 given, 36 received

Been a crazy few weeks. I passed the topstep microswing 10k. Opted to stay in a optional funded evaluation phase. As I acknowledged that I needed more time. 6 days later , last monday I self sabotaged. Broke rules , lost funded status. By tuesday morning I almost blew up personal account. Wed- friday I casually traded demo. But was/is at a clear crossroads. The main 2 sources 1+1 = ME. 1 smartphone hotspot since july making me question my progress of the previous 6 months & basically throwing my patience out the window.

This slow realization brought me back here after novel ranting in a great healthy free trading chat room. Best advice was time off/break. Before I decided to purge my emotions again into another futures community; I decided Id use that fancy search feature & dig around the wealth of wisdom & knowledge.

Lo & behold I found a sticky! Took a few days but now a 1/4 of the way thru an oldie but goodie.



Highly recommend revisiting no matter what stage. So many nuggets in there.

Im still working on my final year (2022) of daily dedication gameplan & after that I'll have to adjust accordingly. So far Im not touching futures until September.
I believe Im still figuring out what my total amount Ill use as the last hurrah, "line in the sand". Im tempted to trickle in an amount in only if necessary & only with week-s time off. Just not sure If I wanna test myself with 3 strikes or 9 lives. But also know demo is friend for now as I need to rebuild refocus & recenter myself. Need to not to be too hard on myself as I have developed some skills & some bad habits but they will also take time to sharpen & purge.

Before all of the BS of 2020, I was/am focused on balanced lifestyle that fit my description for a longer swing at life, time will tell. So I started last year by choosing selective sobriety. I opted to only drink on the even months. Wow what a difference. A few months into this & dealing with 2020 I realized why the wiser ones tend to only enjoy the stuff on the weekends. So that is something Ive tried to maintain in 2021. Only on the weekends, unless special occasion, dying friend etc.
Besides that love affair Id say trading the market is definitely my favorite new passion/addiction. Just need to do what Ive done before & establish self control.

Im lucky being single after dodging a few trainwrecks, most of my family is supportive. I try not to sugar coat it too much. Try to explain its never an overnight thing to start a new career. Without putting them to sleep on market nuances & traders realistic timelines.

All I can say is Iam fortunate to have discovered the markets at a time in my life when I felt mature enough to take the leap & dedicate myself to trading/practicing/ absorbing daily on my own with NO outside financial help from family or govt. Did I make all the right decisions? For myself yes I did. Did I start my LLC at the right time in relation to a pandemic? Not really, first full year was 2019.
Have I made some reasonable compromises in order to spend more time growing this skill? yes!

I guess what Im saying is thanks to that wonderful thread mentioned above. Its helping me shape this next chapter. Providing some much needed balance at a time when I needed it most. Whether Im on a fast track or a long slow track. This journey will be the same regardless, one full of rewards , epiphanies , victories , losses & dare I say self actualization. Maybe success/financial independence .
I cant describe how thankful I am for this community.

Side note Is it CRAZY to try & trade thru any smartphone access point or dedicated hotspot device? Not trying to blame anything but myself. But the data speed has me concerned lately.

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  #32 (permalink)
 RogueJoules 
Tampa Bay , FL
 
Experience: Intermediate
Platform: Tradovate
Trading: MNQ , MES
 
RogueJoules's Avatar
 
Posts: 29 since Jan 2021
Thanks: 32 given, 36 received

Still grinding with the nasdaq. Id say the past 4 months have been a learning experience for daily rules & protocols to follow for me.
I was/am in a ugly prop firm cycle. Bouncing from promos for the 50/100k trailing drawdown combines with Topstep , apex & leeloo. The money used probably should of sat on the sidelines & do personal SIM but I acknowledged that it was perhaps more well spent in testing environment with a potential validation reward. You know ego stroking of course.

So after failing multiple times for various reasons but top of the list was ME. My final trailing DD fail was due to being caught in the rithmic glitch a few weeks ago & being greedy well past my profit goal of 3k. The overtrading via mini & micro blew me up. So needless to say I know its not the trailing drawdowns fault set by the props, but Im done playing with that style.

So my next road on this journey is with the static non trailing drawdown of $625 in the 100k, focusing on micros & managing risk.
Currently on track for 2k goal within 10 days. 5 or6 to go. Im getting better at reading myself & switching to sim to protect my mental capital.
Primarily on focusing first 2-3 hours of RTH. Just short quick scalps , small size & different trailing stops to capture the MNQ pops & spikes. Works great when , I DONT MOVE STOPS.

On another note for those with poor internet service in your region, the unlocked netgear nighthawk hotspot with wifi 6 & ethernet port is working great. It does need to be reset every few days when it either says roaming or nothing works. But restarting has fixed it everytime. Its not any worse than a ninja trader/rithmic glitch

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  #33 (permalink)
 casey44 
Flagstaff AZ/USA
 
Experience: Beginner
Platform: NT8
Trading: micros
 
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Posts: 218 since Jan 2010
Thanks: 3,525 given, 273 received



RogueJoules View Post
On another note for those with poor internet service in your region, the unlocked netgear nighthawk hotspot with wifi 6 & ethernet port is working great. It does need to be reset every few days when it either says roaming or nothing works. But restarting has fixed it everytime. Its not any worse than a ninja trader/rithmic glitch

Are you also using the MIMO antenna? If so, am curious if it's up high (like several feet, up above your roof for example) and is that working ok? as I've understood an extension wire up to it would negate it's performance.
I'm in a hard-wired place now but was about to experiment when I had an RV. May get another someday so like to gather more info in the meantime. Thanks.

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  #34 (permalink)
 RogueJoules 
Tampa Bay , FL
 
Experience: Intermediate
Platform: Tradovate
Trading: MNQ , MES
 
RogueJoules's Avatar
 
Posts: 29 since Jan 2021
Thanks: 32 given, 36 received

Just using the hotspot device. Not using the antenna connector ports. I haven't had to use an extra antenna in Florida as 4g/5g coverage is pretty good. In Oregon Im on the wrong side of the hill & lots of trees. so Id imagine it would help in certain areas. But 4g has worked pretty well for the past month in the NW. Cell phone here is usually terrible & familys wired internet is slower than my hotspot at times.

I know there's some other mobile hardwired solutions that auto switches between networks & sims to maintain connection. Those were double the cost for those kits. The luxury bus people swear by them.
Ill be full timing in my RV in 2022. Been using hotspot full time for 4+ months with ninja, tradovate, TOS, streaming videos etc. I just keep it within 2 feet of my computer try to stay close to the windows. I dont see the need to upgrade other than wanting a faster connection sometimes.
GL with your experiments

This is what im using

https://www.engadget.com/netgears-5-g-mobile-hotspot-router-with-wi-fi-6-is-now-available-for-700-123048968.html

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  #35 (permalink)
 RogueJoules 
Tampa Bay , FL
 
Experience: Intermediate
Platform: Tradovate
Trading: MNQ , MES
 
RogueJoules's Avatar
 
Posts: 29 since Jan 2021
Thanks: 32 given, 36 received

After one full year of futures, Im still learning & struggling at times. The biggest problem I just ran into, was being around my immediate family for first time since early 2020 & being fortunate enough to be in a position to learn a new skill nonstop for almost 2 years without any interference (burnout? perhaps) . Was a gut feeling of guilt or shame for not having any crazy small cap , crypto or nft "gains" to share. Instead I was trying to explain futures nuances ,props & market wisdoms Ive gained. Luckily theyre supportive but still basically real losses & paper profits. Yay.
So because of this unnecessary pressure/stress I put on myself, I proceeded to nuke prop accounts over & over until new years, trying to force BS win. But hey at least most of it was holiday promos.

So by the 2nd of January I decided I needed a break. So I observed for 2 weeks. I took casual mental trades but didnt keep notes. Tried to reanalyze my process to slow down & look for bigger swings. But ultimately was looking for ideal set ups, in order to trade less & be more efficient.

My biggest takeaways so far, is to avoid globex. Focus on RTH first 2 hours & last 2 hours. New rule for me - Im now demo trading the opening 15-30 mins. Usually by 950est-10am I jump in on my combine when I see price action Im comfortable with. Its not perfect, Im still hung up on shorter scalps as opposed to longer swings with more time. But Ive learned if Im hitting my daily goal efficiently, to just focus on that consistently. Stop over trading & stop taking bigger losses. To feel okay if I dont like what I see & walk away for another day/ trade opportunity that fits me.

I believe Ive started the 2nd year of this futures journey on the right step to becoming a disciplined trader. Luckily I had 2020-2021 chaos to learn from.

Other news Ive been back in FL for almost 2 weeks & enjoying 5g in St pete. Looks like I should be fine in Eustis for internet too. No big Douglas fir trees or hills blocking the signal for a few months.

Not active on apex static 100k combine, but using leeloo 25k promos & ninja trader this week. Cant wait to see tradovate & NT improvements.

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