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Small losses...large gains...sometimes


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Small losses...large gains...sometimes

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  #51 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 90 received


fusion View Post
Hi Family Trader,

May I suggest you to post your charts with Entry and Exit, please. TIA

Ok...but you have to understand the 'flip' is the same bar...as for posting...I can put up a chart ,but the trades are OBVIOUS to the naked eye...unless there is a flip...I just realized I haven't put up a chart for the last couple of days...will put up one for today when my daughter gets home otherwise have no idea where it will finish up being!!!

As for 'wordage' on a chart...I would be the last person you would ask!!!

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  #52 (permalink)
 plethora 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Rithmic
Trading: GC
 
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sysot1t View Post
.. another good account management platform is Vision Financial (Optimus is an IB for them)..

I'm typically a leach on futures.io (formerly BMT) so it feels good to come to the party with a gift. I second Optimus -- a neighbor or yours in Boca. Small boutique broker with rithmic feed, personal attention, and low fees. They support Ninja, MC and Sierra and would be able to help you automate or direct you to the right source. Matt Z is a member here. PM him.

https://futures.io/trading_member/7726-mattz.html

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  #53 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 90 received



plethora View Post
I'm typically a leach on futures.io (formerly BMT) so it feels good to come to the party with a gift. I second Optimus -- a neighbor or yours in Boca. Small boutique broker with rithmic feed, personal attention, and low fees. They support Ninja, MC and Sierra and would be able to help you automate or direct you to the right source. Matt Z is a member here. PM him.

https://futures.io/trading_member/7726-mattz.html

Thank you...I am very grateful for your recommendation.
.

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  #54 (permalink)
 sysot1t 
 
 
Posts: 1,176 since Nov 2009

curious, when the position is in profit, do you trail your stops or you just let it at X ticks from entry and just get out when it hits your target?


Family Trader View Post
Have woken up to find my missed trade has cost me +10 at 4th level 3rd trade...cost me big time as losses very small....damn, damn!! ...can't be here 23 hours a day and I do have a life. The trades would have been

S130625
L 130800...and it hit

In summary, the 1st series was (3 1/2)...2nd series was net ( 1 1/2) as had a profitable trade...3rd series was net profit...+3...

Overall series was net loss (2)....plus comms on 30 contracts... a pain


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  #55 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 90 received


sysot1t View Post
curious, when the position is in profit, do you trail your stops or you just let it at X ticks from entry and just get out when it hits your target?

I just let it run to target.

I did look at trailing stops,but was not comfortable with any length....am considering using a CMO 'extreme breakdown' as a possible exit and reentry +/- 3 points...looks OK , but not satisfied it will hold up as it can come quickly in series and be a 'false signal' and I am left with minuscule profits , or even a net loss, while it runs to original target.

When I become proficient with MultiChart package I will be in a better position to 'tinker'....something I loathe doing as it might turn my head.

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  #56 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 90 received


Family Trader View Post
Have another trade on...bit choppy with a flip

L131075
S130975
L 131100...flipped
S130900...2 point loss...it happens
L 131000
S 131000..series 2....closed 130900


Long night ahead...

Got some sleep as wife monitored...

Update of trades....reenter
S130925
L131100...target 132075...lowest point of entry...also original point of entry.

Forgot to leave a note to do charts for yesterday...so will catch up later in the morning.

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  #57 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 90 received


Family Trader View Post
Got caught a couple of nasty flips in the process of completing trades to profit goal.

A flip is where I get reversed within the same bar...always makes me nervous ...

To make it a little more legible I will start from the beginning and point out the 'flips'

S 131900
L 131925
S 132075
L 132200...flipped
S 132100.....end of series 1...net 1 .75 loss

L 132175
S 132100
L 132225
S 132075...flipped

Profit goal reached 131100....the highest point of the sell side...

Net result series 1 ( 1.75)...series 2 19.50 - 7 =12 .5 - (1.75)= 10.75 net before comms.

chart for above...hope it comes out Ok...doing it myself

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  #58 (permalink)
 sysot1t 
 
 
Posts: 1,176 since Nov 2009

it came out just fine, great work...


Family Trader View Post
chart for above...hope it comes out Ok...doing it myselfAttachment 32987


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  #59 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 90 received


Family Trader View Post
Got some sleep as wife monitored...

Update of trades....reenter
S130925
L131100...target 132075...lowest point of entry...also original point of entry.

Forgot to leave a note to do charts for yesterday...so will catch up later in the morning.

Finally got done...I misspoke earlier...the target was 132000 as 131000 was lowest BUY...drawdown exceeded 5% at the end of the series...

summary of trades following from above
S131175
L131275...end of series 2
S131225
L131325
S131225
L131300
S131250..end of series 3
L131225
S131125
L131250...flip
S131175
L131200........profit goal 132000...without getting to all the details, I finished up with a net loss after comms..!!!

Don't like that...what had happened is that the final trade was at the end of a series and the target shifted a net 2 points lower from last entry.

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  #60 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 90 received


Last night was a series of trades, however I did not take any of them as I had a very long and frustrating (end result) day yesterday and I needed some good rest...

I am rested and ready to move on...never like Wednesdays and it turned out good last week....so who knows.

Sysot1t....I am going to put more effort into determining a trailing stop, because while the series loss may average 1 point losses, they do compound to give me concern in the 5 th series and by that time there were at least 2 or 3 good runners that rolled back where I could have taken good profitable trades.

Generally, I never let a winning trade turn into a loser except for this strategy and I am aware of my potential loss here.

Trader

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