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MASTER THE MIND TRADING JOURNAL


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MASTER THE MIND TRADING JOURNAL

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  #1 (permalink)
New York City, NY/USA
 
Experience: Intermediate
Platform: NT
Trading: 6E, ZN, CL
 
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After almost a year-in-the-making; my trading plan has been revised for what I hope is the final time.

Now do not go on thinking that my plan revisions were done to change my trading style; it was the risk management that I struggled with.

It has taken me some time to become "at peace" with using a particular stop (21 ticks in CL); and it was an even tougher road for me to NOT take contracts off early when in the trade.

I know my early trading suffered because my "beliefs" were not translated into my plan. By beliefs, I am speaking of my mathematical nature and the fact that my trading "plan" early on was not jiving with what I was comfortable with internally regarding math and my knowledge of risk management.

We all risk "x" amount but we do not know when to take the contracts off; and when we elect to take them off will DIRECTLY influence our psychological and financial sense. For me....I have come to a zone where I am okay with the risk and with the reward. I do not focus on the reward aspect only to say, I have my targets set that a full win will cover two full losses. It is rare for me to suffer a full stop; if anything it will become a break even trade.

I do not want to be pulling the trigger for 22 trades a day; I have no desire to make my broker rich. I will also not get the run in price I need 22 times a day to justify that many trades.

Ideally, I would be making four to six trades a trading session. So I did move to a higher range bar to filter out some more of the noise, and decrease the production of trades.

I did not get to live trade today....worked the full-time gig (RN). Charts for tomorrows trading will be present.

Kick life's ASS!

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  #3 (permalink)
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So today was a fun day in CL. My brother wants to learn trading so today was day one for him. I let him SIM trade in CL from 7am to noon.....he bought when he "thought" the market was going up and opp. for sells.

Well that had him in the hole 3k by noon...thank god for SIM.

So why was this the best day .... I normally do not trade past 11am. I find that supply demand relationships are gone at that time and I lose my statistical edge. But too show my brother the way I trade I continued with the account until 4pm.

Ended the day up 33 ticks in CL. This was after taking over an account down 300 ticks. So yes I am proud of myself. I would never have such a loss in one day, it is beyond my risk management.

It was an awesome exercise to see my ability to get myself out of a hole, in a controlled systematical way that did not violate my rules.

No trading tomorrow....will be at my hobby (full-time gig) hate calling it a job since trading is to become my job.

PICS 1 & 2 are my brother trading.
PIC 3 my recovery
PIC 4 overall for the day

Have a kick ass day everyone!

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  #4 (permalink)
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Good day al'

So today was a hobby day (work) and I was able to review market activity when I got home.

But throughout the day my trading assignment was to read "Trading with Confluence" by Michael Toma.

My overall impression is for a newbie or someone trying to find their way...this is an excellent start.

He is a certified risk manager/analyst and became a trader later in life. That is why I bought the book; wanted the viewpoint of someone who was involved in minimizing risk BEFORE they became a trader.

Good points and a solid foundation.

I was able to grab some snip-its of good exercises that I will enjoy.

Hope everyone had a great day; now its off to do some mental imagery. I like to visualize market activity playing out in my mind and seeing what is great setup and what do the failed setups look like too.

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  #6 (permalink)
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well this weekend has changed a lot for me.

I began reading Steidlmayer on Markets and came across a quote...

Market understanding X YOU = Results, and it was those four words and a math operation that has put my trading on pause.

Even though I have been consistently descent on SIM I was never confident in my trading style.

I began to questions what my market understanding was, and I could not even bullshit an answer to myself. Nothing that was real.

I opened my trading platform and stared at the price bars, and started a conversation...

Why would I have bought here? Because this indicator was "about" to turn up?
Because its a blue candle?
Because on the tape I saw big buyers come in?
Because it tested a recent low and bounced up?
How am I validating this setup?
Is the market telling me that this setup is doomed to fail?

I was actually writing these answers out and when I looked back at them, I had a reality check...I was going to lose all my capitol because I did not have a clue about PRICE, the market and market generated information. What the hell was I doing trusting my capitol to some mathematical parameter that can change any second and tells me NOTHING about market sediment, the real players, order flow etc.

So I begin to do some searches online and in futures.io (formerly BMT) regarding order flow and auction theory. I come across cisco futures and see that they practice what I am trying to learn. I then go onto their "short course" for new traders....and see that its structured for eight months! Within one second, I felt..hell no I should be making 10,000 a week in 8 months, and in the same second, and that is why I am where I am now.

This was a long second.....I began to think about college. Four wasteful years spent in a room studying nonsense....so the decision was made....

I will now be "investing" the next four years in a fruitful education on market profile, volume ladders and auction market theory. With my passion and dedication I doubt it will take that long but I am game.

I am happy to continue to blog about my education and how I am applying it to markets.

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  #7 (permalink)
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We all know the importance of journaling our thought process and trades.

But what about PREMARKET analysis? Is that not AS important as post journaling? I feel its a resounding YES!

In my premarket analysis I will be finding levels of support/resistance.

What is my plan when price comes to these levels?

Well one would need a bias as to if one feels this level will hold or not; thus you will be looking to be long or short at only THESE specific levels. If you basis is to be long at a return to a previous support point then what are you looking for to NEGATE your position taking?

We all see people using market internals and indicators to TELL them when to be long or short. And since most people suck at this business lets take the opposite mind set with internals and indicators....

If your bias is to be long at a predetermined price level, then when price comes to this zone on is looking to go long. One should trade it long UNLESS internals/indicators tell us something different. As in a "change" in the market.

Everyone should try this exercise.

Premarket analysis:
1. What price levels am I watching tomorrow?
2. Do I feel that those levels will hold or be rejected? Based on this one has their bias.

Now when tomorrow comes, do not trade off indicators. Do not be inpatient, rather WAIT for price to come to these predetermined levels.

When price does come to your level, then take the trade...unless the internals/indicators are telling you a market "change" may have been taking place.

If you do not know how to determine the "change" then one does not know how to hear what market is telling you.

Work in anticipation NOT PREDICTION!

I will be creating a format for my premarket analysis this week, so be on the lookout.

Trade on.

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Some math to bring the point home on engineering your reward to risk. Applied to ES market.

Assume 4 trades per day, for one week = 20 trades.
Risk 8 ticks Target 16 ticks. No management of position. Either target or stop hit.

Assume...see attached pic.

So on 7 wins for the week and 13 losses; one first sees the light of day with 8 ticks.
At a 10 win and 10 loss for the week; one is 80 ticks in the money.
At the inverse of first position 13 wins and 7 losses (win rate of 65%); one is 152 ticks in the money for the week.

Assuming the 10:10 situation, with 80 ticks in the money, one is seeing 1000/week with one contract.
Full week of losses (4 losses every day) is a loss of 160 ticks; 2000/week for one contract.
Full week of winners (4 wins every day) is a win of 320 ticks; 4000/week for one contract.

And considering one might stop trading for the day if two of the trades are back to back losses.
That alone would cut down a full loss week to 1000/week for one contract. Which can be recovered with a 10:10 week.

Just some math for thought.

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  #9 (permalink)
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What is my position size? The answer lies in the risk profile.

Setting ones limit to number of trades permitted in a giving trading day is paramount to abusing probability mathematics for ones’ advantage.

FACTS:
50,000 back roll
12.50 tick value
2% daily risk – permitted four trades = 0.005% risk per trade.
50,000 x 0.02=1000/4 trades per day=250risk per trade.
8 tick stop.
250/12.50=20 tick risk allowed/8 ticks=2.5 contracts or 2.

So RISKING 2%daily, knowing only four trades are permitted (so RISKING 0.005% per trade) with an 8 tick stop, one can only trade 2 contracts for a 50,000 bankroll.

I was trading 2 contracts at a 5000 bank roll at one point.
So to evaluate my risk profile with this mentality would mean…
5000 bank roll
12.50 tick value
2% daily risk – permitted four trades -=0.005% risk per trade.
5000x0.02=100/4 trades per day=25 risk per trade.
8 tick stop.
25/12.50=2 tick risk allowed/8ticks=0.25 of ONE CONTRACT.

So with a 5000 account I should have never been trading two contracts if I am to apply risk management correctly.

One could either trade a tighter stop but keep 2:1 reward risk profile, fix trade amount from 4 to 2 or 1, or practice while they build bank roll.

If only permitting one trade per day then with a small account it becomes…
5000
12.50
2%=100/1=100 risk per trade.
8 tick stop
100/12.50=8 tick risk allowed/8 ticks=1 contract allowed.

I remember watching the PBS documentary that profiled Paul Tudor Jones and he commented that if people in the business would spend their time on how much risk they have on at any particular time instead of pie in the sky ideas about how much they would make they would become wildly successful.

Point to take home…ya aint gonna get rich starting with 5 grand, but you can become CONSISTENT and that’s what matters!

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Today was day one of live trading and trading a new system. A system not based on indicators or technical setups but one of statistical probabilities.

My goal is not to make millions or thousands, but rather CONSISTENCY. My goal is to create 0.2-0.5% a week.

My trades are based on market generated data. I am a fade trader, it fits my personality and thus I am more comfortable trading it.

I am looking for low volume nodes (market profile), and then watching for price and volume imbalance.

My trading is highly discretionary and thus not easy to communicate.

I can only control money management, risk management and bet size. So that will be my focus. I am trying out my own experiment like the one poker expert Chris Ferguson did years ago. To turn nothing into something.

I will only do this with patience, proper money and risk management and properly adjusting bet size.

Biggest rule of mine that most people would not be able to follow.....

ONLY ONE TRADE PER DAY, WIN OR LOSE.

Market will tell me where stop needs to be (when I would be wrong in my bet) and the reward needs room to be able to be two times the risk.

Thats it.

Shot of NT execution panel to show its real for all the nah sayers.

Trade on!

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So today I was dragged away from the screen to do some shopping at IKEA....

I was a little anxious to get back home to say the least. Should have known I was in trouble at that point.

So I sat down around 345 eastern time, cash session almost closed for the ES. But I forced it.

I found a trade that did not meet my rules and I pushed it....suffice it to say I lost.

I put in a sitting limit order at previous high, assuming if price hit this level, the volume would still be short and my sell would work. Price came to high, took me in the market and the volume profile I was trading on was gone! This should have been the signal for me to get the hell out...considering I did not wait to see if order flow changed at that point.

At one point I remember thinking...wow my volume gap is being filled fast, and Im one tick against me, maybe I should get out know and let the day pass....so what did I do? I said..well maybe it will turn around. Dumb fuck!

So after taking the loss I immediately looked back to see my entry and I could not see why I entered there.

Lesson learned.

Tomorrows another day!

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Normally I would skip this Friday with all the option expirations going on.

But I was here and my analysis did not show a reason to not take the trade so I took a shot on it.

Was able to get in a short, at a market specified tick, descent stop with an attainable target.

I am a two to one trader so with a market generate stop of 8 ticks I needed to hit a 16 tick target.

Today the market was willing to give it to me.

This leaves me with two winners and one loser thus far.
2(2x) -1(x)= 3x

2(4%)-1(2%)= 6% gain on the account thus far for March.

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Right after the opening One could see this was going to either be a quiet day or a trend up day.

Later in the morning, I had, well the market had a price volume discrepancy and I took full advantage of it.

Since the volatility was so low, I changed my regular 2:1 to a 1:1.

Risked 8ticks made 10ticks.

Some almost opportunities but I am not looking to hit every trade, just one great trade after another.

For the month now up 3.9%, not to far from my 5% goal for the month of March.

Tomorrow will be another day.

I am proud of myself for not forcing any trades today. I was able to sit back and wait for the opportunity to show its pretty head....waiting for my overalls!

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I have found the HOLY GRAIL....

And it has nothing to do with entry or exits, or stops, or indicators...

its risk management and having your winners larger then losers!

That is it!

Today was a slow ass day in the ES but I got my goal of one trade for a 3:1 RR. I risked four ticks going for the 12. This model enables me to be wrong 70% of the time and still end the month a winner.

At the end of the day I only care about being consistent. Not that every month will be a winner, but consistent in my trading, even when it goes bad. To not let emotion take my trades. All this is to one day attract more funds, so I can keep doing the same thing on a larger scale...and then I will have made it.

Enjoy!

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Will do Mike!

So I am going to run a little experiment for the month of April. I am going to hopefully prove that without a single indicator and just reading the tape, one can be consistent with proper risk and money management.

I will be trading a 3 tick stop, with 2 contracts. Target one is 4 ticks and then move stop to -2. Second target is 12 ticks.

Now I do not intend to hit the 12 target frequently, but even once a week is gonna be killer. The 4T targets will get hit a lot and I am only using them to balance out the losing trades. Considering a full loss is 6T and a full win is 16T; and contract 1 is a 1.33:1 and contract 2 is a 4:1; then I can sustain an accuracy rate of 27% and still be a winner in this game of legal gambling.

So my edge has nothing to do with the markets, charting package, discipline or the like....just good ol' execution.

Oh and one rule...I only trade this from 930 to 12noon.

I do know what I am looking for in the tape; it is not a "setup" or pattern, just some recognition. And its market generated so no lag lol.

I will be posting all trades with my practice runs Monday.

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Since I am going to be trading a new method I am going to be going SIM for the Month of April. And my mentor ripped me a new one last night when I slipped I would be going real with this new method....so point taken home.

Instead of -2 on remaining contract I will be making it BE. There will be many times the market will knock me out on second contract and then take off but I do not care. If it does it may or may not offer me another opportunity to get in had I been early on previous trade.

Since preservation of capitol is number one rule, and second rule is refer to first rule then it is necessary I not trade on greed but on risk.

The first contract for 4T is to cover small losses over time and grab the tiny moves. The 12T contract should be knocked out most of the time. But I only need two or three of these a month to be king in my world. So bring it on Market.

I will be positing all results. Tomorrow should be exciting.

Grant!

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I am beginning to see that my "trading" is leaning more and more toward a mindset of a gambler. However, not blindly. I am always trading with a mathematical positive expectancy; and that is key in gambling math.

I have long left the idea of big gains each day/week/month. Now I just want to be able to consistently BE and then hit one or two +16T moves in the ES a month...thats right I said a month. Then over time just keep increasing the bank roll and thus the trading size without affecting the positive expectancy.

Todays stats:
6 TOTAL TRADES
2 FULL STOP LOSSES
3 BE (With means 1 contract was +4 and the second 0)
1 1:1 trade. I normally only do 3:1 but the ES was very slow today so I had to adjust to the market personality today. This is a game about monthly stats so one day does not matter...as long as one is wise with how they manage money.

Today left me with +4T. But again, I could care less because tomorrow I will either be up or down those 4 or 8Ticks. Its about the monthly numbers. I am planning on most days to keep me at BE and then the few 3:1 trades will pave the way to winnings.

Hope everyone had a kick ass day....

And would love to see people get away from indicators, fancy ways to plot the same info, ways to optimize etc etc....

and begin to REALLY focus on risk, money, and trade management. We are only playing a coin flip odds game; so why do you honestly think you can win?

Maybe I will do a webinar down the road........

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Today could not have been planned out better.

I had my pre-market levels selected, all based on yesterday and overnight session, low volume areas that I felt would rotate price and I could fade.

Trade attached.

One of my levels for today was 1302. Price came down to it, and I waited till next price rotation to see the test. Price surpassed the previous down rotation BUT it was done on 1/4 the retail selling and 1/4 the institutional selling as compared to the previous down rotation...so I took the long on the next order flow transition which can be seen on my charts from red going blue or blue going red.

On my longer rotation chart it was giving a buy order flow transition at 1301.75 so even more conviction.

This was a 4T risk and 12T target. Sticking with a 3:1 model. Only one trade per day..so that was it!

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I am loving money management!

Today I started a new trading rule.....from 930 to 12 I trade for 8T target and 4T stop; or I can keep it to 8 after 12pm only if it would be the first trade of the day.

After 12 I go to 4T risk 4T target. Since in general market movement has stalled out in the ES.

Today took someeeeeee time for the market order flow to let me know it was time to hop on board. It was hard to watch the AM run up and not be a part of it...but sometimes I catch em and sometimes I do not...such is life and it FINALLY does not bother me anymore.

Both long trades today; one for 8T and one for 4T; So a total of 12T for today. It was hard to trade at work and also not safe but its sim right now....at least till end of April until I feel better with my style.

I need some more "experience" to gain a better "understanding" of my edge (money and risk management) to turn into confidence.

Hope everyone is buying up this US debt that was sold today....scary stuff. Lets fire DC and start a new!

Grant

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  #21 (permalink)
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No trades today; I was at the monitor all morning but did not get an order flow transition I liked. Well I did but NT does not have Market if touched orders so I missed it.

That actually led me on my next mission...to find something more reliable then NT. After some chit chat with a mentor of mine he likes xtrader and uses velocity as his broker for one of his accounts. So I will begin to give them a look.

I spent A LOT of time the last few days going over gambling theory and risk management regarding poker and gambling in general. I am looking for ways to apply those statistical properties to trading. I am not the first nor will I be the last to do so but its fun and has definitely changed my current trading.

I am making the small modification to my trade plan:
From 930AM-1200 NOON it will be 2:1 And any other time will be 1:1. I am also limiting my daily loss to 2% which currently means two one contract trades or one two contract trade.

I am working on some new math models for risk management and creating a fixed amount of trades per day as a way to control what I can control in the markets. I ran some preliminary numbers and do not believe the results. So I will be looking them over with a fine tooth comb.

Tomorrow is another day and begins the second quarter.

Trade on and Risk little!

Grant

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  #22 (permalink)
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So today was the new plan; and its off to a fun start. I will be trading this sim for April and see how I do when I adhere to strict risk management and limiting trades per day.

Since trade one occurred between 930-1130 it was the 2:1 model.

Now since all this in the long run is just a binomial coin flip, win or lose, my entries are not any reflection of some wise signal to buy or some skill. I will walk you through this morning trade. Also note, I do not feel that something that happened thirty minutes ago holds any relevance per se to what the market may do now. So I am only comparing one price rotation to the previous price rotation that correlates (down rotation with previous down etc.) My charts are a reversal chart (pf chart) thats it. Nothing more.

So the attached pic is the chart layout; upper row is filtered trades and then retail trades, the bottom row is filtered volume and retail volume.

On the column that begins the red reference line was the most recent down price rotation so I will make it as a buy region if I see all four charts showing same tick level as a buy in the down rotation and its within four ticks of bottom. Now when next down rotation occurs, every other bar, I will be watching to see how the tape feels about this level.

So the 31.25 level was marked for potential buy.

Price rotated up and then back down to my level, Now what did I see and NOT SEE is whats important.

I like to see an increase in big filtered buying, like they are defending a level, AND NOT SEE big selling. On the retail side I like to see trapped traders, those who went short a shitload and will soon realize they were wrong.

So you will see in the price rotation retail side we had 10K 4k SELLING THE NEW LOWS, and the previous down rotation was a fraction of that volume in the lows. On the filtered side, One does not see massive selling. I was watching 30.75 level for it was converting sellers to buyers and I saw filtered volume at 105 then spike to over 700 and all charts were giving me an order flow conversion so I took a shot to the long.

Now at 32.50 we had a sell signal, so I did get my 8T on the trade one and since it was after 1130 I had to change to 1:1 model.

Took a shot to the short side and moved stop to -2 when price went +2; got stopped out.

Net for the day +6T. But it will be the monthly stats that matter.

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  #23 (permalink)
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I was off the last week from trading and doing some work in the hospital.

But when I was home I continued to do some more of my statistical work on past market behavior and guys I gotta tell ya....it does not matter what "system" one trades with or employs for signals; it still comes down to trade management and risk management.

I also think that many people on this site have EXPECTATIONS way out-of-line with reality. Why is it that the best of the best aim for 20% annually and some on this site think we can make 20% a month? I thought long and hard about some of the snake oil sales on line and people need to put their greed aside and think for a second....

Do you really think that someone can produce results like they "post" and their "secrets" or "special indicators" would not be utilized by the pros until the edge that existed would be null.

I know this is a tangent but I hate to see so many people starting with 5K, 10K, 25K and think they will magically pull out 5K-10K a month; or annual returns from 1200-2000%. Think about it guys.

Anyway, my work is showing that the market will give you what its going to give ya. End of story. Your better off just setting a fixed stop and target; ensuring target is 2-3x your risk and in the long run you will win IF and ONLY IF, you have a fixed number of trades a day.

Biggest pitfall for many of us in the beginning is saying Ill quit after say three losses a day...but then even with a 3:1 model then if for Mon-Wed you loss each day thats 9X trades in the hole and you need three straight winning days to get to BE. But if one would take their head out of their asses and stop dreaming of pie in the sky get rich quick and traded only once a day, win or lose and stop for the day then they would be able to employ the positive edge of risk management.

Sorry for the mild rant but I am getting sick of seeing shit about this and that indicator and buying and selling...and so help me God if I see one more person write about "more buyers then sellers..." Im gonna lose it. Guys, every buyer is matched with a seller. End of story. But buying excessively on the offer or selling excessively on the bid will move the market and yes every buyer is still matched with a seller.

More to come....

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  #24 (permalink)
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@gparkis

I am interested in your approach, and I'd like to ask you to continue your postings. I really like your focus on risk/reward profiles and risk management.

A few questions/comments:

1. How do you "trade price, not setups"? Do you still use market profile?


gparkis View Post
I trade price, not setups

2. Can you explain more about the importance of limiting the number of events (trades) per day.


gparkis View Post
All I can say is anyone trading a risk reward less then 1:1 is gonna be a loser in the long run.

There is no way to "get the market". In the end its all a dice roll, and trading an advantaged risk reward is not enough. One needs to also limit the number of events (trades) per day. I keep it to one trade per day per model. This is the only way to really define ones risk.


gparkis View Post
Anyway, my work is showing that the market will give you what its going to give ya. End of story. Your better off just setting a fixed stop and target; ensuring target is 2-3x your risk and in the long run you will win IF and ONLY IF, you have a fixed number of trades a day.

3. I would be interested in the results from your math models referenced in Post #21.


gparkis View Post
I am working on some new math models for risk management and creating a fixed amount of trades per day as a way to control what I can control in the markets. I ran some preliminary numbers and do not believe the results. So I will be looking them over with a fine tooth comb.

4. How did your experiment from April turn out and how have you been doing since then?


gparkis View Post
So I am going to run a little experiment for the month of April. I am going to hopefully prove that without a single indicator and just reading the tape, one can be consistent with proper risk and money management.

5. How did this challenge turn out? Did anyone accept it?


gparkis View Post
Challenge:
lets us both create a live account with 5grand and use broker statements to see whom is managing/trading their account more successfully. We can start now and end it 12/31/11.

This will prove that by not focusing on the real man behind the curtain; one is doomed for failure.

P.S. My nameless mentor made money buy throwing a nerf dart at the monitor and based on where it landed he bought/sold the open using an advantaged risk/reward model. And it made money consistently....

point is....there is not intelligent way to analyze the markets that will tell ya anything. Its gambling, so one can only prevail using gambling techniques.....hmmmmm advantaged risk reward.

Note...that style impresses the one trade a day montra!

Know what your risk is always and that does not mean how much dam money one is risking on a trade or daily max losses.


6. If you are still considering doing a webinar, I would be interested.


gparkis View Post
Maybe I will do a webinar down the road........


Please continue this thread!
Thanks.

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  #25 (permalink)
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i will be happy to answer these questions once I am home tonight or tomorrow morning.

currently working like hell to get some basic stuff programmed that seems to be a headache for a lot of prgrammers.

gp

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Coastline View Post
@gparkis

I am interested in your approach, and I'd like to ask you to continue your postings. I really like your focus on risk/reward profiles and risk management.

A few questions/comments:

1. How do you "trade price, not setups"? Do you still use market profile?

I no longer use market profile or any indicator for that matter.
I do not trade setups, meaning pullbacks or angle this or trendline that or any kind of system per se.
I...and many a floor trader...have a price where we feel buyers and sellers may fight about value. But rememeber its just an area that gives us a place to focus on putting on a position.

I trade a risk model and that is it. Price is simply the aspect that determines if risk model is on or off.




2. Can you explain more about the importance of limiting the number of events (trades) per day.

For day traders, and even some position traders they trade too much. that is it. And it screws up the risk profile.

I knew a trade who was shooting for 2:1 and if first trade was a loss then he would shoot again and if first trade was a win then he stopped. But that means when he won he would be 2x, 0 or -2x for the day. Meaning win 2, loss one win one, or loss both....noticing anything about that...he thought it was 2:1 but it really is 1:1 huge difference.

Limiting your events or trades per day is big if trading a lot to really be able to define your risk. One can also decide to loss a certain percent per day and trade a number of times as long as they have not lost that percent cap.
Just another way to control the only aspect of trading one can really control.






3. I would be interested in the results from your math models referenced in Post #21.

Even with data mining...no consistent pattern exists enough to risk the bank so its not worth it. If an edge like that existed it would be leveraged until the market no longer existed.



4. How did your experiment from April turn out and how have you been doing since then?
Random entry with proper money management can do well and it was okay. Nothing I would trade for real. That is not how I trade now or ever. I closed 2011 up 43% but I trade models that are 10:1 to 60:1 because I know I can not time the market or dictate the future but I can control my risk and position size.



5. How did this challenge turn out? Did anyone accept it?
no



6. If you are still considering doing a webinar, I would be interested.

It would be fun. But my stuff is about risk and position sizing...many people find it boring...I guess the same people whom are losing in the market.


Please continue this thread!
Thanks.

I am currently automating a lot of what I do and that is where my time is spent. I will be happy to post pics and chat with traders but I am not divulging how I trade directly.

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