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The Book of Truths


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The Book of Truths

  #21 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 374 since Oct 2021
Thanks Given: 682
Thanks Received: 372

Added 1 more Apex account so now at 6
APEX 1:$51,058
APEX 2:$52,181
APEX 3:$50,000
APEX 4:$249,072
APEX 5:$249,193
APEX 6:$249,478

Will keep updated blowing accounts has taught me a lot about trading

Biggest rue: NEVER ADD TO A LOSING TRADE

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  #22 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 374 since Oct 2021
Thanks Given: 682
Thanks Received: 372

APEX 1:$51,058
APEX 2:$52,181
APEX 3:$50,000
APEX 4:$249,072
APEX 5:$249,346
APEX 6:$250,059

. pretty slow chop day today nothing to major but a green day overall,looking forward to getting a couple evals passes this week

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  #23 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 374 since Oct 2021
Thanks Given: 682
Thanks Received: 372


APEX 1:$51,058
APEX 2:$52,181
APEX 3:$50,000
APEX 4:$249,072
APEX 5:$249,346
APEX 6:$247,517

Rea;;y struggling with consistency right now, Between Market hopping and rushing the process

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  #24 (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: 11,328
Thanks Received: 2,743


Quoting 
Really struggling with consistency right now, Between Market hopping and rushing the process

Maybe you have not realized that the market has been in a trading range and has had a rolling pattern for a few months.
Today was the first breakout from that range (if it holds)
Not really a trend but more of an up and down range.

Sometimes a difficult pattern to trade.

FWIW

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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  #25 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 374 since Oct 2021
Thanks Given: 682
Thanks Received: 372

I have attached my trading history of the last 3 years from December 2020, in spreadsheet format directly exported from ninjatrader. I was really just looking for clues as to what index I may be best suited to trade.

It is clear the Dow index futures is by far and away my strongest index and while none of my trading gets a profit factor above 2 my YM trading is at 1.63.

The data is broken down in ticks not dollars. So average size won/Loss and profit is all in Ticks

Seeing and reflecting on the data, is sobering but it makes it real. Jumping around indexes or convincing myself I trade them all or size up on NQ is just proof of self sabotage. I need to be focusing all my efforts into improving my Dow trading and not worrying about any other information.

Happy weekend all.

All feedback is welcome if any of you have time to go threw the spreadsheets and see anything interesting

Attached Files
Elite Membership required to download: ES.xlsx
Elite Membership required to download: NQ.xlsx
Elite Membership required to download: RTY.xlsx
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  #26 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,162 since Jan 2013
Thanks Given: 57,343
Thanks Received: 26,267


Nasdaq1517 View Post
I have attached my trading history of the last 3 years from December 2020, in spreadsheet format directly exported from ninjatrader. I was really just looking for clues as to what index I may be best suited to trade.

It is clear the Dow index futures is by far and away my strongest index and while none of my trading gets a profit factor above 2 my YM trading is at 1.63.

The data is broken down in ticks not dollars. So average size won/Loss and profit is all in Ticks

Seeing and reflecting on the data, is sobering but it makes it real. Jumping around indexes or convincing myself I trade them all or size up on NQ is just proof of self sabotage. I need to be focusing all my efforts into improving my Dow trading and not worrying about any other information.

Happy weekend all.

All feedback is welcome if any of you have time to go threw the spreadsheets and see anything interesting

To my way of thinking, that's your answer. The idea would be to go with what works, which is YM. At least for you, now.

I personally think that NQ is deadly dangerous all by itself, at a size of even just one contract. "Sizing up" on it is like jumping on the back of the tiger and yelling "Yippee!" The tiger probably will just eat you. Why wouldn't it? You're making it easy. NQ is very risky for many people, and a hard choice to take and to make a success of.

I am saying this without having looked at your spreadsheets, which may seem unfair. But I have looked at NQ quite enough, and after reading what you have written, I do not think I am likely to be wrong in your case. Generally, NQ is the hardest to trade successfully. It is too sudden and too wild. It is exciting too, and makes one think of riches, which is another warning sign, in my opinion.

To make another comment, I do not see the value in trying to trade all of the equity indexes, and certainly not to jump around between them. They are different, and it takes time and getting used to the differences. If you could successfully trade just one, and for a modest success rate, but a reliably repeated one, what else would anyone want or need? I suggest seeking simplicity, and modest attempts with small position size and expectations. Small steps, basically.

Now, I could certainly be wrong, but you did ask...

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #27 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 374 since Oct 2021
Thanks Given: 682
Thanks Received: 372


bobwest View Post
To my way of thinking, that's your answer. The idea would be to go with what works, which is YM. At least for you, now.

I personally think that NQ is deadly dangerous all by itself, at a size of even just one contract. "Sizing up" on it is like jumping on the back of the tiger and yelling "Yippee!" The tiger probably will just eat you. Why wouldn't it? You're making it easy. NQ is very risky for many people, and a hard choice to take and to make a success of.

I am saying this without having looked at your spreadsheets, which may seem unfair. But I have looked at NQ quite enough, and after reading what you have written, I do not think I am likely to be wrong in your case. Generally, NQ is the hardest to trade successfully. It is too sudden and too wild. It is exciting too, and makes one think of riches, which is another warning sign, in my opinion.

To make another comment, I do not see the value in trying to trade all of the equity indexes, and certainly not to jump around between them. They are different, and it takes time and getting used to the differences. If you could successfully trade just one, and for a modest success rate, but a reliably repeated one, what else would anyone want or need? I suggest seeking simplicity, and modest attempts with small position size and expectations. Small steps, basically.

Now, I could certainly be wrong, but you did ask...

Bob.

Much appreciated and I tend to agree with your assessment.... it is not fun admitting that i have wasted time but yes your wisdom rings true

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  #28 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 374 since Oct 2021
Thanks Given: 682
Thanks Received: 372

Hello Traders took some time off to really nail down my approach and do a full trading audit on what works and what does not work in my trading. Created a simple trading plan that will keep me on the correct path.
APEX Trader Update
Blew up my 2 250K Evals with basic losing trader thinking.. I added to losers max contracts and HOPED (yikes) market would reverse and show me a profit. It did not so both were blown up and canceled.
I have 3 50K Evals still all green
Balances
1)$50,031
2)$51,058
3)52,181

Target is $53,00 on all three looking to move them to PA accounts this week with responsibly trading the Dow YM Futures Contract.

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  #29 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
Las Vegas
 
Experience: Master
Platform: Ninja
Broker: Ninja Trader Brokerage
Trading: Dow Futures
Posts: 374 since Oct 2021
Thanks Given: 682
Thanks Received: 372

I have decided to take a different approach to my trading and move away from the indexes

I will be trading Oil Moving forward starting June 1

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  #30 (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


What swayed you to trade oil instead?

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