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Just turned "Pro" and could use a little help, or guidance
I feel compelled to add to my post above, because I realize it sounds harsh, by saying: I hope you succeed. You clearly have an interest, and skills, otherwise you wouldn't have been able to do what you did. Every mistake you've made, I've made it, and worse. I've been the idiot that I'm telling you to stop being. So, I hope you can gain some consistency and peace, and sometimes it's a bit of tough love like I gave that can cause the type of introspection that is absolutely necessary to stay afloat, and ultimately keep your sanity in this business. Every member on this site who's been around for a while has been through hell and back to some degree ... this business will cause more pain, growth, and self-analysis than is required in most other endeavors, which is one reason it pays out so well. Hoping you can do what you need to do! -Josh
I'm trading it the same way I'd be trading the live account. I think that's part of the problem with sim in general, is people know it's not real therefor they do not trade under 'real' conditions.
As for your first point, I feel the same way. And that goes for any account really. Once you get past a certain threshold you're literally fighting the current just to keep your head above water and the desperation kicks in.
And to your second point i wasn't doing anything different. Position sizing was the same, risk per contract was the same. I just stayed up late enough to take advantage of it and was able to get some decent trades over the cash session as well.
So in closing i'm going to try and run the exact same aspects as I was with the funded account, even adhering to the $450 as a soft stop for the day.
Besides not trading the micros. What advice was it that In did not follow. Do tell. While you're at it please enlighten me what those really telling stuff began to jump off the page.
I get being early is the same as being wrong. But, if my timing was an hour later, i would have been right? Understand? The ingenuity bit - I did know, as much as i can without being prescient, that the market was going to break down further. And you know what, I was right. I did not want to let the move go to waste, as i said above, i had been waiting for it to happen for the past few months. So, the ingenious part was not letting it go to waste since I couldn't trade it in the live account; Not the trade itself. And at this point is when you get pretentious and condescending. But i'll indulge you anyways.
Here i drew you a picture:
But sure, I can chalk my wins up to being lucky, and I'm fine with that. As long as I'm more lucky than wrong.
Again, I haven't read your second reply yet. But someone must have really pissed in your corn flakes this morning.
But, since you're wondering, and apparently don't have that good of reading comprehension either. Maybe from all that rage laughing you were doing let me lay it out for you, Chief.
Oh I'm sorry, I don't think we've met. As i am someone who keeps my bias out of the day to day trading. You're talking as if we didn't just have a blow off top in /ES and an over 450 point move in /NQ. This is just the beginning, bub. And you're forgetting, I was right in the broader picture. You're just somehow mad about it. I'm old enough and have taken enough licks to know not to marry a broader market bias to an intra day trade.
All the meeting minutes were were the reason. The writing's been on the wall for weeks if not months now. The reason we had that 1.382 extension monday after what looked like pivoting? Because everyone else sees the same thing, and the market took advantage of that.
And i think we're splitting hairs here. You're taking me literally, as if i claimed i am some prescient crystal ball reader. But, come the *** on man. We just blew off top, had a whatevever sigma move into close seeing one of the most intense selling pressure for weeks. There was going to be a continuation. You bought it, didn't you..
As i said above, being early is the same as being wrong. But objectively i think the decision and position was sound. What wasn't, was me being in my head about that loss limit, moving stops around, and second guessing entries. I actually recorded it if you want to watch.
Without the loss limit, i would have had the margin to enter upon confirmation instead of resistance. Because you're right, trying to fade these markets you do get run over some times, it's the cost of doing business. And what do you consider size? I was trading with one lots. I rarely, if ever trade anything more than 3 contracts at any given time.
You're about... two weeks too late on this one. But thanks.
I am literally going to do this just to spite you.
Unfortunately the "not looking at quotes" is bullshit as i run a subscription service for TA and broader market analysis. Also, as you may have already gathered, have the Youtube channel, post on social media, etc. I'm trying to build a brand and am not going to take Monday off of looking at the markets. But, trading i can do. I wouldn't mind actually. I'll post both my personal and the combine account in here come Monday evening. And about you're whole gamlber song and dance. That's honestly insulting. And i frankly resent you for it. You may be a gambler, but i'm f*cking terrible at gambling, which is why i like trading. Where i can quantify things in my own special way (Like the overnight move a couple nights ago) and don't do half bad.
Since, again, your reading comprehension is a little to be desired let me fill in the blanks. What I was was someone who did not know how to handle risk, or even the fundamentals behind R/R. I'd consider myself more of a brawler than a gambler. And i've learned over the years which fights to pick, which ones to let lie, and which ones to join sides with. Again, it was just the process and structure i was missing. Not rehabilitation.
Look, I.. well i think you're trying to help. But this is not the way to do it. Your "tough love" comes off as internet troll and your entire post had an entire 8 words of advice in it. It more sounded like you were having a bad day and were taking it out on some stranger online. But, live and let live right?
Alright, decent session trading overnight last night and today. But, somehow there were two sell orders that limit filled without stops and by the time i looked down one was down by $800 and one by around $600. I'm still trying to figure it out what exactly happened, and honestly don't know. One was clicked in at 5:48 P.M and one was either clicked in or activated at 4:54 A.M.. I'm deep in google sheets trying to figure out what happened, but it looks like i clicked in a bracket as a stand alone buy or sell and didn't remove the wings and when it got hit it activated these sell orders. I have no idea frankly.
But, overall, the day was a loss. Being down $440 on the session even after the $1200.. whatever that happened in the first half hour.
I took 60 trades throughout the session. Originally I anticipated the market to roll over and "h" pattern to retest the lows and was positioned as such. I couldn't sleep so checked in for Europe open and made some changes. I didn't really do a lot of trading in the morning as I had contracts sitting at resistance areas so did not trade the open at all as I had to be on a call anyways. Obviously the first one or two contracts were a scratch, but as soon as we got into resistance both level wise and volume profile wise i started to jockey for a pulback/retracement.
As always it's dicey trying to fade these markets, and i made a point to write off the whoopsies in the morning and just trade my strategy. I was trying to specifically work on being patient and not forcing an entry.
I think what happened was I got up to trade the Europe open, and click in a bunch of orders and may have clicked in an erroneous bracket that should have just been a stand alone buy or sell contract - I'm incorporating Tradingview into my day to day more and more and their bracketing system leaves something to be desired. So I think i may have either clicked in an erroneous bracket there, or via Tradovate. Regardless, my head hurts after trying to figure it out. If one of the contracts got hit it activated the wings, throwing off my entire book and leaving an imbalance of contracts. I honestly have no other explanation as I was not doing any manual trading at 5 A.M.
I don't think this was a blow-off top in the ES, but I'm open to that possibility. Given how I trade, it doesn't make much difference either way. Today we closed < 1% from the ATH put in four days ago, and the high in NQ looks like we need at least another 500 points or so above it to balance things out, before we even think about going lower; of course, that's just my analysis on it, which is worth nothing really, and I could be *very* wrong. But, I don't take viewpoints contrary to someone else, because then my ego will creep in, and I'll make it about "me versus him" instead of trading the market as I see it, so I just shrug and say, what will the market offer today? And then do my best to get out of my own way and trade the probabilities.
I know it sucks to have your balls busted. There was a great trader named Gary who used to post on the site, and he would do that to me, and it would sting just a little bit. My ego would start to rear its ugly head, but I'd eventually tell it to shut up, because Gary knew a lot more than my ego. (Note: I'm not comparing myself to Gary, who is truly a great trader). Keep in mind that you are the one who said you "could use a little help, or guidance." You didn't say that it had to arrive in a pretty package.
Since you have been trading pretty much out of control (you can bleed an account and be in control, but you can't blow accounts like you did, that quickly, if you're in control), I thought perhaps a good ol' fashioned kick in the ass from yours truly would be helpful. Apparently I was wrong, and it seems that you prefer to let the market do the ass kicking, and boy oh boy, does it have some in store for you, I expect.
To be clear, it's been a really good week, no one pissed in my corn flakes, and I'm a happy guy. It's just that I've just seen probably a hundred traders just like you over the 10 years I've been on this site come in with this same attitude, and sometimes it's frustrating to read, knowing exactly what's likely to happen, when you yourself can't see it. You won't see me Monday, or any day. I tried to help, I failed, and I'll sleep peacefully this evening without thinking any more about this exchange. Sincerely wishing you a good weekend.
Your statement isn’t trollesque at all. You’re just giving your opinion. And you’re doing it in a tone that’s not condescending. Although stealing a beer and slapping is excessive.
Plus, i’m curious how i come off as arrogant to you, but you don’t find fault in the way his criticisms were delivered.
I’m fine with taking criticism. I encourage it. But there’s a line between criticizing and mockery and/or maliciousness. I, personally, would not word what he was trying to say in any way like he did if i was giving criticism. It was meant to get a reaction.
I’ve been around the internet and forums a long time. And with that comes having a thick skin. And if someone wants to trade barbs i oblige.
Let me now ask you a question; do you think his post, someone whom i’ve never spoke to before, was constructive in any way?
Because i'm someone who respects themselves and don't appreciate someone whom they've never met insulting them and then calling it advice. In particular, it was these tidbits that were glaring, and i'm pretty sure they're meant to be that way:
I received this as mockery.
Also mockery, condescension, and insulting my intelligence.
Continued mockery, condescension, and insulting my intelligence.
Actual advice, the score's 3-1
Challenging my ability while also trying to break down my own confidence.
Good Advice, bad analysis. I've never talked to this person before in my life, i don't understand how they can draw a conclusion that this is me, in a nutshell. But still somehow finds a way to degrade something i'm proud of. That plus the one above = 5-2.
I literally just learned this the hard way.
Challenges me, somehow still finds a way to gaslight me, bring up my girlfriend like he knows the slightest bit about me or my life, and then calls me a gambler all the while saying
. I pride myself in not being a gambler. And it's taken a long time to learn the tips tricks and magic tricks to make it to where this isn't gambling.
And then lastly.
But I will, just to spite him, or the fact that he said I won't.
This is the only dart that he threw that stuck.
He's not wrong. The work, trading, life balance is all screwed. I work full time, and have been grinding like a motherf*cker to try and get myself the foundation to eventually do this full time. This is my passion, and something i've decided with full commitment i want to do. And on top of that i still run my website, find a way to put out 2-3 videos a day, and still find a way to be a good boyfriend, son, friend and uncle.
So for someone to come in and throw more shade than light on the conversation without actually even knowing me as a person is unfair if not plainly disrespectful. Just the way I am.
Again, i'm fine with criticism. But, it should be fair, but in today's world I don't even expect that much. But what I do expect is to not attack my character or me personally. Especially if you don't know me. And I feel like that's rational.
I wanted to respond to your original question about overtrading - I feel like we're probably in similar places. I've been funded by Topstep a couple of times and currently have a Pro account. My big hairy problem has always been overtrading, but I've slowly been getting a handle on it. Really, really slowly
This is what's helped me - hope some of this is relevant for you:
#1) I set my own hard stops with R Trader, and I keep it really tight - initially -$250, currently -$400.
#2) I started putting much more focus on creative outlets like my journal and a blog where I write. I took the Tharp trader personality test years ago and one of my red flags was that I'm creative - if I don't find a channel for that, it's gonna mess with my trading performance. I think we might have some common ground on this.
I've found that when my focus is on great journaling / writing / video work, the trading session becomes this small little thing instead of a massive pressure moment.
#3) Following a big rule break or a bad session, I'll give myself a very limited number of trades and slowly build up. I think I saw someone else suggest something similar. My version is:
Day 0: some big painful mistake
Day 1: you get 3 bullets. 3 trades, no more, no matter what.
Day 2: you get 3 strikes. You can trade more, but only take 3 losses.
Day 3: you should be back to "ok".
#4) Never give back more than half.
I had a coach who told me his biggest rule addition was that he refused to give back more than 50% of his profits on a winning day. And should you break that rule, you most definitely never turn a green day red.
Hope that's helpful. The fact you're aware of it is already a pretty important step, imo.
I used to read the Topstep Community Facebook page and there would sometimes be people saying that they used TSTrader and had trades go off that they didn't think they had placed.
I use TSTrader and would often enter a position with a stoploss order automatically entered, but no profit target. But I had to be careful that later when I exited if I still had the bracket on that would also place a stoploss order for the exiting trade so there would now be two stoploss orders in the market after the position had been flattened and I had to hit the "Exit at Market and Cancel" button to cancel them. It would be the same with a full bracket order if one took a partial exit on a contract before reaching the original exit target, so adding extra orders in to the book.
Another thought, in a similar way to you with TradingView I sometimes used the Jigsaw DOM to trade through on the Combine account and the trades would also show on the TSTrader charts and it occasionally seemed to confuse one platform or another if I say entered a trade on the Jigsaw DOM and exited trading off the TSTrader chart.
I have a small "Working Orders" window always open so I can see orders appear but also make sure I have nothing pending once I go flat. I now always tap the Exit/Cancel button like a crack-monkey as soon as I fully close a position. And because sometimes I place an exit order, hear the "order filled" alert and don't register that it was actually only a partial fill and I still have one contract or so remaining on.
Just a couple of thoughts which might or might not be relevant to the unexpected fills question.
Enjoy your weekend.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
