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Challenge: SIM Millionaire in 20 Days


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Challenge: SIM Millionaire in 20 Days

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  #21 (permalink)
 icedfrosty 
Dallas/Texas/US
 
Experience: Advanced
Platform: NinjaTrader8, MetaTrader5
Broker: NinjaTrader, AMP Futures
Trading: Futures
 
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Posts: 66 since Sep 2020
Thanks: 15 given, 81 received

Below is the equity curve after 5 of 20 days SIM trading starting with a $10,000 account balance...


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Can you help answer these questions
from other members on futures io?
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  #22 (permalink)
 icedfrosty 
Dallas/Texas/US
 
Experience: Advanced
Platform: NinjaTrader8, MetaTrader5
Broker: NinjaTrader, AMP Futures
Trading: Futures
 
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Posts: 66 since Sep 2020
Thanks: 15 given, 81 received

On June 10th, my mother took 85 round trip trades of MNQ for a total gain of 116.08% over the previous day's account balance.

6.58 average tick per contract with total volume of 11,246 contracts



Day's Starting Balance: $31,857
Day's Ending Balance: $68,835

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  #23 (permalink)
 MrTrader 
ITAJAI SC/BRAZIL
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Clear Corretora
Trading: DOLFUT, WINFUT
 
Posts: 254 since Jun 2014
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That would be really cool, specially your mom using the tools you've created and shared, it would be a bonus..
icedfrosty View Post
I like that idea. I will explore ways to record her trading.

Sent using the futures.io mobile app

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  #24 (permalink)
 ShadowFox 
CO/USA
 
Experience: Intermediate
Platform: TradeStation, Multicharts
Trading: Stocks, Futures
 
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Posts: 78 since Jun 2020
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First and foremost, I know you have shared a ton of code/indicators for software and that is greatly appreciated! But I would love to see some more educational content here on how you identify setups using your tools. I know it is your journal and you don't have to share anything you don't want, but I am afraid showing such large gains without some educational content might be harmful to the community. I have fallen down this rabbit hole before of "Oh there is a magic indicator that some guys mom doubles her money with, I just need to download that and take 60-90 round trips a day and I can be an amazing trader". I get nervous that some might fall into this and end up losing a lot of money (many probably already have from the first couple posts). Maybe you have already shared this on the forum in discussions of your tools and I am not aware.

Love reading the progress, thanks for sharing.

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  #25 (permalink)
 icedfrosty 
Dallas/Texas/US
 
Experience: Advanced
Platform: NinjaTrader8, MetaTrader5
Broker: NinjaTrader, AMP Futures
Trading: Futures
 
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Posts: 66 since Sep 2020
Thanks: 15 given, 81 received


ShadowFox View Post
First and foremost, I know you have shared a ton of code/indicators for software and that is greatly appreciated! But I would love to see some more educational content here on how you identify setups using your tools. I know it is your journal and you don't have to share anything you don't want, but I am afraid showing such large gains without some educational content might be harmful to the community. I have fallen down this rabbit hole before of "Oh there is a magic indicator that some guys mom doubles her money with, I just need to download that and take 60-90 round trips a day and I can be an amazing trader". I get nervous that some might fall into this and end up losing a lot of money (many probably already have from the first couple posts). Maybe you have already shared this on the forum in discussions of your tools and I am not aware.

Love reading the progress, thanks for sharing.

Trading is a very tough. There is a lot of work you must be willing to put into it in order to consistently make gains.

Once my mother completes the 20 day challenge, I plan to share details on how we scalp and leverage indicators/trade bots on MT5 & NT8.

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  #26 (permalink)
 Pley 
Yuma, AZ
 
Experience: Intermediate
Platform: Tradestation, NT8, SC
Broker: Tradestation, AMP, Ninja
Trading: MNQ
 
Posts: 13 since May 2016
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Love the sharing to see there is a possibility of making money at home by trading Future.

For a while, I wasn't sure even logic would dictate some people are making money consistently. Doing that is not easy of course. Otherwise, there is no (Auction) market, a good market required someone to lose so others will gain. For small traders like us, we are at the noise level of the market to exploit.

Since last year, I can see rules/processes, psychology, and accumulation experiences can get a trader to the promised land. With today's Replay and Micro contract, this training becomes less costly and easier. Still with a lot of hard work (20,000 hours). So personality as a trader becomes a driver for success.

With Emini Future trading, I can see Trend trading vs Scalping has different rules/processes and experiences to be successful. I can imagine a high experience trader can switch between the two on a dime. That is not me yet for full disclosure.

Trading for a living is attractive but it is not for everyone. I would say sitting in a corporate office managed IT infrastructure worldwide in my old job is much easier than trading. For Scalping, Al Brooks is a great solid resource with his hard-to-read three books and many videos.

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  #27 (permalink)
 MNSTrading 
Grand Rapids, Michigan
 
Experience: None
Trading: Commodities and Russell
 
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This is really great! I have heard about trading families but never met one.
Apprenticeship is not dead, its just a little sleepy in the modern world.

Thanks very much for sharing.

Coming, they can't be denied. Going, they can't be detained.
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  #28 (permalink)
 hedgeplay 
Austin Texas / US
 
Experience: Intermediate
 
Posts: 35 since Dec 2019
Thanks: 63 given, 23 received


icedfrosty View Post
My mother was a pro trader for many years and my brother and I have convinced her to take up the challenge to "Become a SIM Millionaire in 20 Days".


Hi IcedFrosty,

Just wanted to say thanks!! for posting code, this thread and being strong contributor at FIO.

"Are you ready Mom?

Lol. That's funny.

Best of Luck to your Mom!

HedgePlay

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  #29 (permalink)
 icedfrosty 
Dallas/Texas/US
 
Experience: Advanced
Platform: NinjaTrader8, MetaTrader5
Broker: NinjaTrader, AMP Futures
Trading: Futures
 
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Posts: 66 since Sep 2020
Thanks: 15 given, 81 received

On June 11th, my mother took 159 round trip trades of MNQ for a total gain of -8.55% over the previous day's account balance.

-0.25 average tick per contract with total volume of 46,456 contracts



Day's Starting Balance: $68,835
Day's Ending Balance: $62,951

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  #30 (permalink)
 icedfrosty 
Dallas/Texas/US
 
Experience: Advanced
Platform: NinjaTrader8, MetaTrader5
Broker: NinjaTrader, AMP Futures
Trading: Futures
 
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Posts: 66 since Sep 2020
Thanks: 15 given, 81 received


Below is the equity curve after 7 of 20 days SIM trading starting with a $10,000 account balance...


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