Tradervue's Greg Reinacker (CEO) - Ask Me Anything (AMA) - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


Tradervue's Greg Reinacker (CEO) - Ask Me Anything (AMA)
Updated: Views / Replies:14,710 / 107
Created: by Big Mike Attachments:3

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you dont need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 3  
 
Thread Tools Search this Thread
 

Tradervue's Greg Reinacker (CEO) - Ask Me Anything (AMA)

  #91 (permalink)
 Vendor: www.tradervue.com 
Denver, CO
 
Futures Experience: Advanced
Platform: Lightspeed, Tradervue
Favorite Futures: Stocks
 
Tradervue's Avatar
 
Posts: 58 since May 2012
Thanks: 12 given, 88 received


Scalpingtrader View Post
Would it be possible to change PnL and all other $ measures to % relative to account size?
Just came up in another thread & might really help people evolve in size as they can detach from the invcrease in absolutes more easily..

For equities, you can view P&L in % in the Trades View. However, that's showing a % return based on capital requirement for the trade - not account size.

In general, we don't know your account balance, so we can't calculate portfolio % returns. We've talked about adding this, and it's on the list to consider...the primary issue is most of the brokers/platforms we support don't include this information, so it would require manual entry and updating, which would be error-prone. And the account balance number we show would often be incorrect (until you updated it), which wouldn't be a great user experience.

Also on the idea of calculating an individual trade P&L relative to account size, it's not clear how useful this would be, in terms of actionable data to improve performance. If I make 5 ticks on 10 contracts, is that a better trade if I had $100K in my account, vs. if I had $110K in my account? I would argue that calculating returns in terms of risk (R) results in data that's more easily compared between trades.

That said - I can see how calculating overall portfolio performance in % terms is useful. But it seems more useful for portfolio performance, rather than _trade_ performance.

If you have any questions about Tradervue, please send me a Private Message or use the BMT "Ask Me Anything" thread.
Reply With Quote
The following 2 users say Thank You to Tradervue for this post:
 
  #92 (permalink)
Elite Member
Hanover, Germany
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Crude Oil
 
Scalpingtrader's Avatar
 
Posts: 1,440 since Apr 2014
Thanks: 1,734 given, 3,075 received
Forum Reputation: Legendary


Tradervue View Post
For equities, you can view P&L in % in the Trades View. However, that's showing a % return based on capital requirement for the trade - not account size.

In general, we don't know your account balance, so we can't calculate portfolio % returns. We've talked about adding this, and it's on the list to consider...the primary issue is most of the brokers/platforms we support don't include this information, so it would require manual entry and updating, which would be error-prone. And the account balance number we show would often be incorrect (until you updated it), which wouldn't be a great user experience.

Also on the idea of calculating an individual trade P&L relative to account size, it's not clear how useful this would be, in terms of actionable data to improve performance. If I make 5 ticks on 10 contracts, is that a better trade if I had $100K in my account, vs. if I had $110K in my account? I would argue that calculating returns in terms of risk (R) results in data that's more easily compared between trades.

That said - I can see how calculating overall portfolio performance in % terms is useful. But it seems more useful for portfolio performance, rather than _trade_ performance.

thanks for taking your time to reply. I already thought about the issue of where to get the account balance from.
My conclusion is that it should be relatively simple if the user enters an initial balance once and has the option to adjust for payments out of or into the account. All other changes would naturally be a result of trade result + commission.
Of course I have no idea how hard something like this would be to implement..

anyhow, thanks for considering!

Edit: as for the quality of a trade - the % in itself is not saying too much, but when looking at it along with things like the R relative, it can indeed help improving performance as you would see more clearly if you are trading too big or too small relative to your risk capital (ie. 50 ticks might be a good result for a 25.000$ account but not so much on a 250.000 account, unless you intent to risk only o.1% per trade.)


Last edited by Scalpingtrader; April 2nd, 2015 at 01:15 PM.
Reply With Quote
 
  #93 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,237 since Jun 2009
Thanks: 29,350 given, 83,155 received


@Tradervue, how can the 'best exit' be less than the position MFE on some trades?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #94 (permalink)
 Vendor: www.tradervue.com 
Denver, CO
 
Futures Experience: Advanced
Platform: Lightspeed, Tradervue
Favorite Futures: Stocks
 
Tradervue's Avatar
 
Posts: 58 since May 2012
Thanks: 12 given, 88 received


Big Mike View Post
@Tradervue, how can the 'best exit' be less than the position MFE on some trades?

It shouldn't be; email us over links to the trade(s) and I'll take a look.

If you have any questions about Tradervue, please send me a Private Message or use the BMT "Ask Me Anything" thread.
Reply With Quote
The following user says Thank You to Tradervue for this post:
 
  #95 (permalink)
 Vendor: www.tradervue.com 
Denver, CO
 
Futures Experience: Advanced
Platform: Lightspeed, Tradervue
Favorite Futures: Stocks
 
Tradervue's Avatar
 
Posts: 58 since May 2012
Thanks: 12 given, 88 received


Big Mike View Post
@Tradervue, how can the 'best exit' be less than the position MFE on some trades?


Tradervue View Post
It shouldn't be; email us over links to the trade(s) and I'll take a look.

Oops - I believe I mis-spoke in the above reply. It is indeed possible to have a best-exit calculation be less than the position MFE.

In our exit calculations, were only moving the _last_ exit execution (and those within a 5-second window of that last one). The MFE may occur at an earlier point in the trade, and your trade may have backed off from the MFE before getting to those last exits. So, in some circumstances, its not possible to get all the way back up to the MFE just by moving the last-exit executions.

If you have any questions about Tradervue, please send me a Private Message or use the BMT "Ask Me Anything" thread.
Reply With Quote
The following user says Thank You to Tradervue for this post:
 
  #96 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,237 since Jun 2009
Thanks: 29,350 given, 83,155 received


Tradervue View Post
Oops - I believe I mis-spoke in the above reply. It is indeed possible to have a best-exit calculation be less than the position MFE.

In our exit calculations, were only moving the _last_ exit execution (and those within a 5-second window of that last one). The MFE may occur at an earlier point in the trade, and your trade may have backed off from the MFE before getting to those last exits. So, in some circumstances, its not possible to get all the way back up to the MFE just by moving the last-exit executions.

In order for me to crunch data, can you provide the actual last scale out broken out as a column so it can be completed to the theoretical best scale out (aka best exit)

Sent from my phone

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #97 (permalink)
 Vendor: www.tradervue.com 
Denver, CO
 
Futures Experience: Advanced
Platform: Lightspeed, Tradervue
Favorite Futures: Stocks
 
Tradervue's Avatar
 
Posts: 58 since May 2012
Thanks: 12 given, 88 received


Big Mike View Post
In order for me to crunch data, can you provide the actual last scale out broken out as a column so it can be completed to the theoretical best scale out (aka best exit)

Let me ask you - how exactly would you use this?

Right now, we calculate the best exit P&L, and compare that with the actual P&L. Let's look at two extremes:

Example 1. You have a trade with:

Actual P&L: $5000
Best Exit P&L: $5100

In this case, you extracted nearly all of the available P&L from the trade. Whether your last scale-out P&L was $100 or $3000 doesn't seem useful - in either case, there was only another $100 available for the taking.

Example 2. Your trade is:

Actual P&L: $5000
Best Exit P&L: $15000

In this case, we know that whatever your last scale-out P&L was, there was another $10000 available for the taking. And again - whether your last scale-out P&L was $100 or $3000 still doesn't seem terribly useful to know.

Now in general, I can see the draw in knowing something like "my last scale-outs are capturing 34% of their potential" - but while potentially interesting, I'm not sure I understand the value.

If you have any questions about Tradervue, please send me a Private Message or use the BMT "Ask Me Anything" thread.
Reply With Quote
 
  #98 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,237 since Jun 2009
Thanks: 29,350 given, 83,155 received


Tradervue View Post
Let me ask you - how exactly would you use this?

Right now, we calculate the best exit P&L, and compare that with the actual P&L. Let's look at two extremes:

Example 1. You have a trade with:

Actual P&L: $5000
Best Exit P&L: $5100

In this case, you extracted nearly all of the available P&L from the trade. Whether your last scale-out P&L was $100 or $3000 doesn't seem useful - in either case, there was only another $100 available for the taking.

Example 2. Your trade is:

Actual P&L: $5000
Best Exit P&L: $15000

In this case, we know that whatever your last scale-out P&L was, there was another $10000 available for the taking. And again - whether your last scale-out P&L was $100 or $3000 still doesn't seem terribly useful to know.

Now in general, I can see the draw in knowing something like "my last scale-outs are capturing 34% of their potential" - but while potentially interesting, I'm not sure I understand the value.

Maybe I am missing something, but right now in the CSV there is no way to determine what % of the 'actual pnl' the last scale was. But the 'best exit' is based solely on the last scale. So there is no way to really compare the two columns together.

In my situation, the last scale could be 20 contracts, it could be 1 contract, or anything in between. I'm just trying to find a more direct way to understand/utilize the 'best exit' column.

Maybe a short cut could be to show the last scale size. We already know the total trade size.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #99 (permalink)
 Vendor: www.tradervue.com 
Denver, CO
 
Futures Experience: Advanced
Platform: Lightspeed, Tradervue
Favorite Futures: Stocks
 
Tradervue's Avatar
 
Posts: 58 since May 2012
Thanks: 12 given, 88 received


Big Mike View Post
Maybe I am missing something, but right now in the CSV there is no way to determine what % of the 'actual pnl' the last scale was. But the 'best exit' is based solely on the last scale. So there is no way to really compare the two columns together.

In my situation, the last scale could be 20 contracts, it could be 1 contract, or anything in between. I'm just trying to find a more direct way to understand/utilize the 'best exit' column.

Maybe a short cut could be to show the last scale size. We already know the total trade size.

You're understanding correctly...we don't show you the size or P&L from the last scale.

I'll give this some more thought. But again, I don't think this calculation is meant to micro-analyze how good your last exit was; I mean, that's what it shows, but I don't think it's super useful to think of it that way. Rather, it's a measure of how well you exited the trade as a whole, given that your last exit was discretionary. That's why I think it's more useful to think of how good your last exit was in relation to the overall trade P&L.

That said, I do understand what you're saying, and I'll noodle on it a bit.

If you have any questions about Tradervue, please send me a Private Message or use the BMT "Ask Me Anything" thread.
Reply With Quote
The following user says Thank You to Tradervue for this post:
 
  #100 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,237 since Jun 2009
Thanks: 29,350 given, 83,155 received


Expanding on our "What-if" discussion earlier, I'd like to add to my list the ability to play "what if" with the best exit column, in a way where I could specify a price movement percentage, and then say "what if I didn't exit, but instead I held until either 'A' or 'B'" where 'A' or 'B' is equal to a price movement of 'x' percent, whichever comes first.

For example, if the real last exit was 2050, then I could plug in a percentage of 0.5% and say "what if I held the last exit until price either moved 0.5% up, or 0.5% down" (where 0.5% would represent 10.25 points of 2050).

Just one of limitless ways to try and analyze the 'what if' scenarios. In this case, by using a fixed percentage away from your last exit, I think it is useful to determine if your exit was timed well or not.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:

Reply



futures io > > > Tradervue's Greg Reinacker (CEO) - Ask Me Anything (AMA)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
MarketDelta's Trevor Harnett (CEO) - Ask Me Anything (AMA) Big Mike MarketDelta 74 July 18th, 2017 08:41 AM
www.tradervue.com journaling and trade analytics gonzofist Trading Reviews and Vendors 34 February 10th, 2017 08:34 PM
Alternate Products To Tradervue HighRise1202 Trading Reviews and Vendors 11 June 27th, 2015 08:10 AM
E.I.I. Capital's Manesh Patel (CEO) - Ask Me Anything (AMA) Big Mike Trading Reviews and Vendors 9 December 3rd, 2013 12:39 PM
Webinar: Make Your Journal Work For You (presented by Greg from Tradervue) Big Mike The Elite Circle 30 March 6th, 2013 08:59 PM


All times are GMT -4. The time now is 05:43 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-20 in 0.14 seconds with 20 queries on phoenix via your IP 54.224.187.45