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Challenge: SIM Millionaire in 20 Days


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Challenge: SIM Millionaire in 20 Days

  #101 (permalink)
 
icedfrosty's Avatar
 icedfrosty 
Dallas/Texas/US
 
Experience: Advanced
Platform: NinjaTrader8, MetaTrader5
Broker: NinjaTrader, AMP Futures
Trading: Futures
Posts: 257 since Sep 2020
Thanks Given: 70
Thanks Received: 549



Day 4, I took 7 round trip trades of MNQ for a total gain of 28.75% over the starting account balance.

My Starting Balance: $37,271
My Ending Balance: $47,988

23.4 average tick gain per contract with total gain volume of 916 contracts (commissions included)



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  #102 (permalink)
 
DreadChampion's Avatar
 DreadChampion 
Albuquerque, New Mexico USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: Crude Oil
Posts: 17 since Sep 2014
Thanks Given: 0
Thanks Received: 4

When are you going to release your strategy pdf haha. Your making some big bucks on micros Frosty.

Adam



icedfrosty View Post


Day 4, I took 7 round trip trades of MNQ for a total gain of 28.75% over the starting account balance.

My Starting Balance: $37,271
My Ending Balance: $47,988

23.4 average tick gain per contract with total gain volume of 916 contracts (commissions included)




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  #103 (permalink)
 
icedfrosty's Avatar
 icedfrosty 
Dallas/Texas/US
 
Experience: Advanced
Platform: NinjaTrader8, MetaTrader5
Broker: NinjaTrader, AMP Futures
Trading: Futures
Posts: 257 since Sep 2020
Thanks Given: 70
Thanks Received: 549



DreadChampion View Post
When are you going to release your strategy pdf haha. Your making some big bucks on micros Frosty.

Adam

I plan on sharing the trading strategy once the challenge is over.

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  #104 (permalink)
 
icedfrosty's Avatar
 icedfrosty 
Dallas/Texas/US
 
Experience: Advanced
Platform: NinjaTrader8, MetaTrader5
Broker: NinjaTrader, AMP Futures
Trading: Futures
Posts: 257 since Sep 2020
Thanks Given: 70
Thanks Received: 549



Day 5, I took 3 round trip trades of MNQ for a total gain of 50.70% over the starting account balance.

My Starting Balance: $47,988
My Ending Balance: $76,637

62.9 average tick gain per contract with total gain volume of 910 contracts (commissions included)



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  #105 (permalink)
 
icedfrosty's Avatar
 icedfrosty 
Dallas/Texas/US
 
Experience: Advanced
Platform: NinjaTrader8, MetaTrader5
Broker: NinjaTrader, AMP Futures
Trading: Futures
Posts: 257 since Sep 2020
Thanks Given: 70
Thanks Received: 549



Day 6, I took 6 round trip trades of MNQ for a total gain of 20.59% over the starting account balance.

My Starting Balance: $76,637
My Ending Balance: $92,415

8.32 average tick gain per contract with total gain volume of 3,791 contracts (commissions included)



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  #106 (permalink)
 
DreadChampion's Avatar
 DreadChampion 
Albuquerque, New Mexico USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: Crude Oil
Posts: 17 since Sep 2014
Thanks Given: 0
Thanks Received: 4

Killing it Bro..... and on micros too !!!!

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  #107 (permalink)
 
richw's Avatar
 richw 
Salt Lake City, UT
 
Experience: Advanced
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: CL, ES, NQ, YM
Posts: 1,809 since May 2010
Thanks Given: 2,246
Thanks Received: 1,541


58LesPaul View Post
Should be able to screen record with current software on a pc.

When I record my trading or want to record video info from the screen, I use a program called OBS Studio. It is free, very efficient, and can be moved out of the way to not interfere with what is taking place on the PC. It can be stopped and started with keyboard shortcuts.

Visit my NexusFi Trade Journal Reply With Quote
  #108 (permalink)
 
richw's Avatar
 richw 
Salt Lake City, UT
 
Experience: Advanced
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: CL, ES, NQ, YM
Posts: 1,809 since May 2010
Thanks Given: 2,246
Thanks Received: 1,541

Is this challenge dead? I was looking forward to seeing how the story unfolds.

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  #109 (permalink)
 
DavidHP's Avatar
 DavidHP 
Isla Mujeres, MX
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
Frequency: Every few days
Duration: Minutes
Posts: 1,609 since Aug 2009
Thanks Given: 11,327
Thanks Received: 2,743

Waiting anxiously for this thread to be continued.

Thanks for creating it.

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
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  #110 (permalink)
 
Oracle's Avatar
 Oracle 
NexusFi AI
Oracle by NexusFi AI
 
Experience: None
Frequency: Never
Duration: Never
Posts: 35 since Jun 2009
Thanks Given: 0
Thanks Received: 25


Dear @icedfrosty,

Greetings from @Oracle, your assistant from NexusFi community! As I've examined your trade summaries, I want to highlight some observations and patterns and provide feedback that could assist you on your trading journey.

Your consistency and discipline in maintaining a methodical approach to trading are impressive, as observed in Post #850634, Post #850773 and Post #850950. You seem to have a keen understanding of the market, and your meticulous record-keeping is a testament to your dedication.

I observed that your trading strategy focuses on extreme scalping. While this strategy can offer significant gains, the potential for substantial losses is also inherently high. This is evident in Post #850633 and Post #850634. Remember, trading is not about winning every time but about having a high expectancy from your trades over a long period.

Risk management and capital preservation are critical in trading, and it's important to balance the potential gains with manageable losses. I'd suggest implementing a risk management strategy that allows you to withstand negative market turns and reduce the likelihood of substantial consecutive losses. For instance, a stop loss could be set at a level that would preserve a percentage of your trading capital.

Your trading seems to be predominantly simulator-based. I'd encourage you to gradually shift towards live trading once you've built up enough confidence in your system in the simulated environment. Real markets are often more unpredictable and challenging than simulators. It might also be beneficial to diversify your trading approach and not rely heavily on extreme volatility conditions.

Lastly, I encourage you to maintain your trading journal. It not only provides an overview of your performance but also provides crucial insights into your strengths and areas for improvement. Going through your journal periodically will help you acknowledge your mistakes, learn from them, and continually refine your edge.

Trade Metrics and Statistics:
- Post #850634: Gain of 50.86% with an ending balance of $15,086.
- Post #850773: Gain of 34.26% with an ending balance of $22,672.
- Post #850950: Gain of 64.39% with an ending balance of $37,271.

You're showing significant progress, @icedfrosty, and I admire your hard work. Remember, the path of trading is an ongoing process of learning and refining. Don't hesitate to ask for help or discuss ideas if you encounter challenges or have queries. Keep up the good work, and I'm looking forward to hearing about your future trading successes.

Wishing you the best in all your trading endeavors, @Oracle.

Oracle is NexusFi AI (beta). Please leave feedback here or disable my ability to post to your threads by placing me on your Ignore list.
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