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AlMa Journal


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AlMa Journal

  #11 (permalink)
 
mauroqenk's Avatar
 mauroqenk 
Bogota/Colombia
 
Experience: Beginner
Platform: NinjaTrader 8
Broker: Interactive Brokers and Ninja trader
Trading: Futures MNQ MES NQ ES
Posts: 23 since Mar 2021
Thanks Given: 9
Thanks Received: 17

Hi

May 3rdinto4th Globex
2 contracts:

After the selling during the day, it looked oversold to me so I bought 1 contract at 4178.75 added one 4173.75 for swings a double the stop-loss.



May 4th intraday.
SIM account
Terribly executed. Didn´t activate the Stop loss and then hoped for prices to bound.





May 5th
Live account $MNQ 1 contract
1st trade: tried to play a bull breakout, stopped out even.
2nd trade: enter short looking for a 20p move, stopped out even, half an hour later it did move as I wanted but it was late for me.
3rd trade: 4ema was holding (price continuously opening and closing below it) so a jumped on a short again, small drawdown. Finally, it moved 10 points and I was happy to take the win there. It dropped some more but history has shown me that catching the top/bottom is not easy.




May 6th
3 SIM trades, stopped out at my breakeven levels, so 3 tinny winners. The auto/breakeven seems to be helping preserve capital. Stop could be wider in some cases but I'll keep on using it as is for a couple more weeks looking to make progress on the market direction so my entries can improve.





Up to date now with my journal

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  #12 (permalink)
 
mauroqenk's Avatar
 mauroqenk 
Bogota/Colombia
 
Experience: Beginner
Platform: NinjaTrader 8
Broker: Interactive Brokers and Ninja trader
Trading: Futures MNQ MES NQ ES
Posts: 23 since Mar 2021
Thanks Given: 9
Thanks Received: 17

Hi

May 7th, took 4 trades on the live account (and another one on sim during Globex May 6th)

Globex trade: on $MES 4194.50 went short. To the end of the session, it went up 20-30 points, so it was showing me some over-bought momentum. Held it for almost two hours and it didn´t move as much as I wanted so I closed it (2 ticks win ... well 2 ticks on my favor on MES is even for me, that's a trade that will cover the commission/fees)

Next 4 trades happened really fast (Globex early morning)
Around 735am I was starting to look at $MES and $MNQ charts. MNQ ripped almost 100 points above the Camarilla R4 so went entered a first short (auto-breakeven ON) it was moving was the breakeven got hit and stopped me out even. Price was testing the R2 pivot as well so I took another short that was blown in a matter of seconds for a loss. Then entered again short ... at this point realized I was chasing this, but remained calm. Took a deep breath and identified were the real resistance level was. Enter a short again on MNQ at 13799 down to 13757.50. That last one trade covered previous losses and left some profit.

Not completely satisfied with the execution honestly. Few good things on the process but there was rush to enter, also I overlooked my indicators. I think I need a checklist at hand the mental checklist is not working.

Chart with trades


NT8 Trade performance table


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  #13 (permalink)
 
mauroqenk's Avatar
 mauroqenk 
Bogota/Colombia
 
Experience: Beginner
Platform: NinjaTrader 8
Broker: Interactive Brokers and Ninja trader
Trading: Futures MNQ MES NQ ES
Posts: 23 since Mar 2021
Thanks Given: 9
Thanks Received: 17


Hi there,

Today's trades.

Manage to take 2 trades only.

Last week I made some profits on the live account. I decided to use the sim account until I can catch up on the live account balance.
1st trade was on $MNQ buying a support area. The breakeven got triggered and then it rolled over and kept the downside direction for a while. I got stopped out even and I couldn't skip some meetings when the bear move was taking place.
2nd trade was on $MES around 2 pm. Found a support level too. Breakeven got activated but this time after it moved 2.5 points above my entry I began to move my stop higher so I can lock some profits.

Emotional capital was at 90% I could say. The other 10% got depleted due to the tough feeling of Monday at the 9-5 job.
I felt a rush to enter before the market open but realized it on time so I gave myself time to focus on some other stuff and the result for the day was good.


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  #14 (permalink)
 
mauroqenk's Avatar
 mauroqenk 
Bogota/Colombia
 
Experience: Beginner
Platform: NinjaTrader 8
Broker: Interactive Brokers and Ninja trader
Trading: Futures MNQ MES NQ ES
Posts: 23 since Mar 2021
Thanks Given: 9
Thanks Received: 17

Hi,

No trades for May 12th.

I did took some yesterday.



I ended up green for the day but I risked more using 1 extra contract so, for my emotional capital sake I made it a rule to trade only 1 contract at a time.



Cheers

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  #15 (permalink)
 
mauroqenk's Avatar
 mauroqenk 
Bogota/Colombia
 
Experience: Beginner
Platform: NinjaTrader 8
Broker: Interactive Brokers and Ninja trader
Trading: Futures MNQ MES NQ ES
Posts: 23 since Mar 2021
Thanks Given: 9
Thanks Received: 17

Hi,

Here are my 2 trades from today on $MES, Sim account:

Breakeven strat was on for both trades.

1st trade saw a chance to join the 1st oversold area after upward trend premarket as a result of Globex sell-off. Took a quick 4 points profit.
2nd trade, the price kept going up consolidating over the camarilla R4 level for several minutes. It seemed to me that it had lost the steam and the downtrend could come. Took my 4 points profit on the "hammer" formation. However, I gave the trade a lot more room against me than usual. I thought that as I had a first winning trade earlier I could use it to double the max drawdown. This time it worked, but honestly, I don't think it will most of the time.

Emotional capital: rough sleep night even though a slept +7 hours. Played video games until midnight (not good apparently). Also, the little one gave us a hard time yesterday so it might have taken some energy from me.

Trading with restrictions (max 3 trades per day) has been working fine, with more green days than red ones.
Also, using the sim and the live accounts like taking turns (if the live one goes above the sim, I stop trading the live one and switch to sim until sim catch up with the live acc balance) is working too. It makes me choose my trades on sim more seriously because if I want to make some real money I need to catch up. Of course, there is no guaranty that when I switch to live I will make money, but I'm more likely to follow my rules since I've been forcing myself to do so on SIM and on live trades.



Cheers

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  #16 (permalink)
 
mauroqenk's Avatar
 mauroqenk 
Bogota/Colombia
 
Experience: Beginner
Platform: NinjaTrader 8
Broker: Interactive Brokers and Ninja trader
Trading: Futures MNQ MES NQ ES
Posts: 23 since Mar 2021
Thanks Given: 9
Thanks Received: 17

Hi,

Switched back to live, took 3 trades ( 3 losers )

$MNQ consolidated around 13240 then pushed higher up to 13350. Looked like a turnaround price attempted 3 times looking for a move to 13300 but no luck there.

The best thing I did today was respecting my stops and stepping away after 3 red trades. Also, I felt less anxious or irritated about the losing trades.

A recurring mistake here is that indicators were telling me to go long when I placed the first trade (short) from there the price move up around 20 points. So, I need to stick to the strat more closely, considering intraday prices above R3/R4 riskier entries on the long side.




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Last Updated on May 14, 2021


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