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Hi everyone
I am a seasoned trader and trade only on Ninja Trader 7, I prefer the old version, it appeals to me in the trade management way more. I trade SP 500 and NQ only. 2 contracts per trade, second contract will be added to initiate a break-even position, or as close as possible to a break-even outcome, if need be. I am a self-taught trader and have been trading on sim accounts for about 9 years now. I believe I have come up with a system that will generate amazing returns and want to share my journey here, and hopefully we can learn to trade better together and my readers will learn alongside me as well. I will start posting my trades from tomorrow. Happy trading for everyone
HI guys
Just want to write a little about how I trade every day and show everyone my set up and how I manage the trades on every single trade. The management is a little different on some trades, although stops, profit targets and break-even targets never get moved. Its a manual management, but never gets changed. It took a long time to accept the fact, that I have to do is with discipline, so when you read that a lot of traders have difficulty with it, its absolutely true.
1. I trade with Ninja Trader 7. I don't like the interface of 8, although its pretty much the same, I prefer the old ways I guess. All my trades are done on a 3 minute chart only. I do not get involved in bigger time frames and seeing the bigger picture. As everything I need is in front of me, on a single chart, with pure price action
2. I trade SP 500 (ES) and Nasdaq (Nq) and occasionally take a crude oil trade, although this is very rare, even though they pretty much always go into profit.
3. Sp 500, I have 8 ticks stop-loss, which is 2 points, and 4 ticks profit target on the first contract, which is 1 point only. THis is considered a scalping trade by most traders. I have a system of adding on another contract straight after the first one is accepted, to make sure a break-even position is made, if it has to be done. This works out to be pretty much 90% of the time, I have a break even on my position with such trades, the other alternative is of course, we loose the trade as it goes all the way to the stop loss for us and takes us out of the trade.
4. For NQ, its 8 ticks on the first contract for profit, another 8 for second contract, 2 points again, and 20 ticks stop loss, so that would be 5 points for the stop loss. Once again, addition of another contract ges managed the same way, using the nq parameters. I have my ATM strategy ready and I have saved a single order entry management for the ES and another one for the nq. Its then just a matter of selecting the right order entry for the chart.
I can sometimes have two charts open, side by side,although I prefer to just single chart my trades, as there is plenty of time to get into the trade. The downside of that is that sometimes you might have a trade on both es and nq, but not everyone can trade and manage two charts at the same time.
I will be trading at 9 am EST and will start posting my trades and results with Ninja Trader platform.
Happy trading and wish everyone a profitable week ahead.
Hi guys
As promised, I want to share with everyone today's trades and how they turned out. I will attache corresponding index screens of the trades as well.
1st trade I did was on nq and I selected wrong atm strategy, beginner blogger mistake, lolz and trade made only 4 ticks, when 8 ticks is my everyday targets on every trade.
2nd trade was on es and because market was volatile, I scalped for 3 ticks and got out of the trade.
3 rd trade was on Nq and was good for 15 ticks of profit. I manage the trades and move targets all the time, due to market conditions, and this was good for 15 only, before material change in the market.
4th trade was on Es and I added to the trade and got out for a break-even. You can never say a trade is break-even, really, because you always have to take into account, that in your real account, trade fees are taken out.
Lessons to learn for the day. Make sure you always select the right atm strategy for the trade and manage manually, during volatile market conditions. SOmetimes moving your target and getting out of the trade with profit, is better than sticking to your goals and loosing. Trades are managed as always, and discipline is there, just sometimes markets, not the trader will dictate the situation.
Initial starting capital of our account for this practice run is 2000 USD and after 4 trades, the balance now is $2118.50.
Hope everyone has a great trading day and see you all tomorrow. Happy trading everyone
HI everyne again
NOt a bad trading day after all today. Hope everyone had a good trading day or whoever is just getting started, wish you all the best in your trading today. Just did a final trade on ES. Short again, market did not want to co-operate so I chose to scalp out at 3 ticks again.
So for a total of $143.50, I took 5 trades, 4 winners, and 1 break-even.
Lessons to learn: Let the market dictate your actions and reactions. Sometimes markets moves so fast, I have no time to put on additional order, but that is okay if it moves in the profit direction, not so good if it moves fast in the stop-loss direction, although this is very very rare, but it does happen, and I need to be prepared for it more readily.
Overall, I think I am on the right track to make the 50% of target in a week and hope the market tomorrow will provide better opportunities to stay in the trades a litte longer and we can hit our targets more easily.
I will take what we can get and come back again tomorrow. Happy trading my fellow traders.
Hi kevin dog
This is a sim account trading with Ninja Trader. This is simply my final stage in trading with 2000 USD account. The actual account size with Ninja trader for sim is 100,000 but I am just making it 2000 USD for this practice run. Second round of trading will be done on a real account, 3000 USD in size.
All trades taken are assumed to have been taken with a simulated account and data feed with ninja trader.
HI everyone
Markets are volatile today, big wicks and candles and also some news came out, which made price action little unpredictable as well. Overall it was a very good result and we hit our daily target also.
Once thing I noted for myself for today, is that to me price action, is the pure form of trading, cause you are reacting to news, events, price changes in real time, and do not rely on indicators, tech analysis or any other form of technical bias or decision making, well, to me its how I learned and it took a long time to actually be consistently bring home the dollars on daily basis.
1st Trade was on Nq and it was break-even. I got into the trade a little too early, trade pulled back to my break-even add on position, and got activated. Fortunately, we made our way back down for a break-even on the first trade.
2nd trade was on Nq also, and it was pretty much straight after the first trade, 7223.50 and we hit out 8 ticks target.
We made 9 ticks on the trade actually. Just shows, that entering late into a trade, is a common mistake among all of us
3rd Trade was on Es and it took 3 ticks of profit and I manually closed the trade. Material change in the market, and sometimes you have to pro-actively manage the trade when such events occur.
4th trade was also on Es and it hit our profit target of 4 ticks. Markets were volatile, breaking new highs, consolidation, going lower, and consolidating.
Not every day will be an easy trading day or a week, but we managed to pull off another great day and the bankroll is sitting at $2251.
Day 1: $140.
Day 2": $111 dollars.
Will have to make the daily profit little larger and be more consistent to reach the target I have set for myself. Attaching the screenshots of the trades I took for today on NQ and Es. Happy trading everyone and successful week ahead
Hi everyone. Just want to do a recap of all my trades I did and how it all worked/not out.
Thursday was a crazy, crazy day for me, and the markets we in complete consolidation at times when I wanted to take a trade, and I made few silly mistakes as far as putting on a trade goes, even after such experience trading. When you are trading and you love doing it, and you are in the moment, so to say, your interpretation of information at the time, can be completely different to what you usually see o the charts and even makes you want to do something you are not supposed to do(rule breaking). Just my experience on trading when you are trying to force a trade, which is the worst idea a trader can have during a trading day. Everything worked out just fine, so here are the results
1. First trade of the day was on ES a. Trade was immediately called off, as I was not supposed to make the trade. Trade was initiated and less, commissions, we did not loose a lot
2.Second trade was on ES again, i thought this was the top forming and prices would reverse a little from here, yet it kept going up. I had to add to the position to try and get out at break-even, but finished up calling off the trade manually. We lost $75 on that trade but I was not worried. The trade did what it was supposed to do, and we managed it effectively.
3.3rd trade of the day was on ES and it hit our target of 4 ticks. I had the same scenario as ES, thought it was going to go lower, break the lows and carry on down. It did happen and price broke well below
4. 4th Trade was on CL, I dont trade crude very often, but when it does happen, its always for 5 ticks scalp.
I entered a short at 58.67 and got hit for 5 ticks profit at 58.62.Did not take any heat on the position and worked out pretty quickly as well.
5. 5th trade of the day was on NQ and worked out perfectly as well. I went long at 2747.75 and it hit our 8 ticks of profit rather quick and without any heat on the trade.
6. 6th trade was in the Es and it was a break even again. I added to the position to get a brek-even and it worked out, we managed to get out without loosing too much of our capital.
7.7th trade was the final trade of the day on Es again and we managed to scalp out for 3 ticks and manually closed the trade. Material change during the price action sometimes tells me to call of the trade, and just take the profit we have made, rather than give it back to the markets.
So to sum up a not so easy trading day, we took 7 trades, and managed to walk away with $115 for our efforts
The trading bankroll is sitti at $2366. 15% or more is already in our capital and hopefully this will be a happy and fast outcome. I want to start trading with a real account
As long as I reach my daily goal of 100 or more, I tend to stop trading. This keeps me in check and disciplined to build up my capital. Here are the corresponding charts of the trades that I took today.
Happy trading everyone and wish you all happy trading
I WILL BE POSTING HOW I SEE THE TRADES AND WHY I MAKE THEM IN THE NEXT SEGMENT AND DO A PROPER EVALUATION OF EVERY TRADE. CHEER EVERYONE
HI guys just want to share another hectic trading day with you guys and it was so hectic today. It was worth it, as we finished up again in the green, which is the prefered norm during anyones trading day.
1st trade of the day of in NQ, we opened up really low and I did not feel like shorting it, as we were in a dow trend for a while and I felt like it was going to turn around. The first trade of the day was a stop-out, and it was not a good feeling to start the day off with such a looser.
2nd trade of the day was on Nq and it was a winner, trade went up and we took 8 ticks of profit.
3r trade, 4th, trade and 5th trade we all break-evens for me. Just hectic trading, and a lot of break-evens.
6th trade was 8 ticks of profit, and instead of adding additional contract to break even, i traded 2 contracts and simply had my stop-loss as usual. That trade filled us for our 8 ticks of profit.
I had a trade on ES as well, that was a standard hit and run trade, which filled us for out 4 ticks of profit.
Overall, a very hectic day of trading, and I am not sure how to seperate these trade entries, so they overlap each other, cause I took a lot of them, one after the other, but that is the screenshot of those trades and my ES as well
We started the day, with a looser, but managed to finish the day with 190 in profits and out running total capital now is at $2556
Starting capital $2000
Average daily profit over 5 days is 115.
Target to reach by end of 10 trading days:3000.
I think its doable, if we keep managing our positions and stay disciplined
Happy trading everyone
