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Hilatencytrdrs trades YOU CRITIQUE THEM


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Hilatencytrdrs trades YOU CRITIQUE THEM

  #1 (permalink)
 HiLatencyTRDR HLT 
Midway florida
 
Posts: 462 since Dec 2018

I have had a lot of time to sit around and think while I am recovering from lyme disease and it came to me that the tradign journals are a good thing at times but also they are pretty private and it is sort of owned by the person who starts the journal as if it is like their own private trading diary.

I think instead of a section for trading journals there should be a section for trade critiques.
this would open up the dialogue and let others chime in on your trades and give you a real critique. the critiques should be constructive but there should be an openess to this trade critique that if you are trading dumb and stupid then you should realize and learn and hopefully modify your behavior by possible mean posts towards your trading.

my point is you can rip people's trading in this section and not just to be mean but to be constructive. People are too sensitive when it is their own trading journal. no one needs to be mean on pupose this is not a ROAST of someones trades but in order to elarn and shift and be dynamic we must be ablse to handle positive and negative peer reviews. sure we have no idea who the person critiquing is so take the critiques like everythig else with a grain of salt.

I hope you like this idea an chime in and state what is right and wrong and obvious about my trades that i post here.

I guess as a structure. I will post 1 chart only that i want critiqued.
I will state in a condensed form if i was mainly long or mainly short or if i flipped etc and if it was a losing day or winning day and perhaps even saying a big loser or a big winner.

chart should have wasy to tell buys from sells and should show x and y axis again one time frame chart at time so only use 1 chart! whatver time frame you want.

this is not the place to go back and forth an d argue. actually the person (Me) who posts trades here actually only writes a summary of the trades and then never speaks on the trades again. only reading what others said about their trading. this way you stop the arguements and it allows people to be more real since they know they will not be getting an emotional reply.

a simple thank you click is all that is needed to let your peers fellow traders know that you appreciated the time they took to look at your trades.

again this is just an idea but i think a trade critique area outside of a personal trading journal is needed for anyone to learn and grow from others.

I will kick it off and have fun and please give me your critiques good bad kind or mean.

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  #2 (permalink)
 HiLatencyTRDR HLT 
Midway florida
 
Posts: 462 since Dec 2018

this was a a huge up day where I was primarily short most of the day. I did not do what I am good at which is scalping. i actually put on positions that were short in a huge intra day bull run and i kept adding until I couldnt take it anymore. then i exited and then i got short again and then I exited at another big loss. this was a huge losing day.
blues are buys and reds are sells.

reds are sells to open when primarily short

thank you for your time and input. i look forward to seeing your critiques. I am a trader and I must gave a strong enough ego to handle criticism so BLAST AWAY!



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  #3 (permalink)
 HiLatencyTRDR HLT 
Midway florida
 
Posts: 462 since Dec 2018



HiLatencyTRDR HLT View Post
this was a a huge up day where I was primarily short most of the day. I did not do what I am good at which is scalping. i actually put on positions that were short in a huge intra day bull run and i kept adding until I couldnt take it anymore. then i exited and then i got short again and then I exited at another big loss. this was a huge losing day.
blues are buys and reds are sells.

reds are sells to open when primarily short

thank you for your time and input. i look forward to seeing your critiques. I am a trader and I must gave a strong enough ego to handle criticism so BLAST AWAY!



my own critique to get this started.

looks like maybe you did not have a stop at all or any stops and you let a full position of a lot of lots run completely against for a very long amount of time and a lot of points.
i also wonder what your criteria was for entereing and exiting. did you just have a short bias and you sold quickly like horses out fo the gate no matter what the market was doing? yes

looks like maybe you started out doing this trade as a short term scalp with some scaling but when it went against you instead of starting over you just kept holding all thew ay until well you probably were down so much money you just couldnt stomach it anymore which is usally close to the top.

yes this is true .. i did do that.

if you were scaling into a short you scaled in very quickly and super close in points so you didnt do much for your average sale price at all. you sold them all way way too quickly instead of being patient

its obvious you didnot traa=de with the trend on this day because everything o this day was scraming up or higher no matter wht metrics or technicals or even fundamentals on this day the mkt was just screaming higher as it did almost that entire week. you might want to keep your gut biases at the door until the market confirms them and then trade.

this is some of the worst trading i have seen. no plan other than sell higher in a crapy scale then exit near the high of the day because of max pain. you must have plan

after being short all day you shorted again with a a lot of lots and lost again but at least you kept the losses a lot smaller on your second big short.

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  #4 (permalink)
 Miesto 
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HiLatencyTRDR HLT View Post
this was a a huge up day where I was primarily short most of the day. I did not do what I am good at which is scalping. i actually put on positions that were short in a huge intra day bull run and i kept adding until I couldnt take it anymore. then i exited and then i got short again and then I exited at another big loss. this was a huge losing day.
blues are buys and reds are sells.

reds are sells to open when primarily short

thank you for your time and input. i look forward to seeing your critiques. I am a trader and I must gave a strong enough ego to handle criticism so BLAST AWAY!

Three possibilities:

1. you have a set of rules and you acted upon them. In that case look at your rules and find out what can be added or changed so next time you avoid such a huge loss.

2. you do have rules but didn't follow them. In that case no one can help you, even not when blasting away.

3. you have no rules. In that case you can set rules how to act next time.

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  #5 (permalink)
 HiLatencyTRDR HLT 
Midway florida
 
Posts: 462 since Dec 2018




long all day on all trades

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  #6 (permalink)
 Miesto 
Monte Carlo, Monaco
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: NinjaTrader Brokerage
Trading: Futures
Posts: 629 since May 2012
Thanks Given: 779
Thanks Received: 1,150


HiLatencyTRDR HLT View Post



long all day on all trades

I can only comment from my own personal background and trading style which is different for everyone.

You made a choice to go long only which could have worked great with a 85 point gap to fill and a test of yesterday's vpoc magnet. It's often wise to go only long or short to prevent from being whipsawed. But we have to be flexible and be able to change our mind on a dime (think Druckenmiller 1987). Besides trend up (going long only) or trend down (going short only) we have ranges. And that's what we had May 23rd for the first three hours after RTH open. Price was consolidating before trending down and when you were still playing only long you probably would have had a hard time market making.

Eventually we come to the point to ask how do we know upfront price is going to trend up/down or sideways? We can't, but we can observe and perceive what the market is doing and we can establish rules to determine trend up/down or range. For instance price didn't break the value area and kept coming back to the vpoc. This allows for mean reversion trading, buy break downs and sell break ups. Price was also below yesterday's value area low and below vwap, not very bullish. This was all clear to see at that moment.

After noon price broke the value area low and couldn't get back into value. It also broke yesterday's low, RTH open and the first 30m low. Now we should change our bias from long to short and sell rallies. We need to be flexible and adapt. There are many ways to make or lose money in the markets, some with a tight stop and some with huge drawdowns.

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  #7 (permalink)
 HiLatencyTRDR HLT 
Midway florida
 
Posts: 462 since Dec 2018


Mich62 View Post
I can only comment from my own personal background and trading style which is different for everyone.

You made a choice to go long only which could have worked great with a 85 point gap to fill and a test of yesterday's vpoc magnet. It's often wise to go only long or short to prevent from being whipsawed. But we have to be flexible and be able to change our mind on a dime (think Druckenmiller 1987). Besides trend up (going long only) or trend down (going short only) we have ranges. And that's what we had May 23th for the first three hours after RTH open. Price was consolidating before trending down and when you were still playing only long you probably would have had a hard time market making.

Eventually we come to the point to ask how do we know upfront price is going to trend up/down or sideways? We can't, but we can observe and perceive what the market is doing and we can establish rules to determine trend up/down or range. For instance price didn't break the value area and kept coming back to the vpoc. This allows for mean reversion trading, buy break downs and sell break ups. Price was also below yesterday's value area low and below vwap, not very bullish. This was all clear to see at that moment.

After noon price broke the value area low and couldn't get back into value. It also broke yesterday's low, RTH open and the first 30m low. Now we should change our bias from long to short and sell rallies. We need to be flexible and adapt. There are many ways to make or lose money in the markets, some with a tight stop and some with huge drawdowns.

really apprecaite the write up! thank you

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