2k to 20k

Discussion in 'Journals' started by Sekiyo, Dec 29, 2022.

  1. Sekiyo

    Sekiyo

    LMAO thanks for being awesome, Guys.

    Well … I think we can learn stuff from poker as traders. But we might very well learn stuff from anything …

    The hard part isn’t acquiring wisdom,
    But it’s to leverage situations in real life.

    If it doesn’t solve any problem …
    It’s useless, indeed !

    Didn’t trade today.
    Hope you guys had a nice day.

    Wish you a wonderful weekend
     
    #61     Jan 7, 2023
  2. Sekiyo

    Sekiyo

    Last edited: Jan 7, 2023
    #62     Jan 7, 2023
  3. schizo

    schizo

    This is likely due to an old patent that Trading Technology holds. Read the following thread for more details: https://www.elitetrader.com/et/threads/trading-technologies-awarded-patent-for-dom.36783/
     
    #63     Jan 7, 2023
    Sekiyo likes this.
  4. Sekiyo

    Sekiyo

    46577923-DEAA-4611-BFF7-936227EE8D02.png
     
    #64     Jan 7, 2023
    Laissez Faire likes this.
  5. virtusa

    virtusa

    It is essential that the superdom freezes, because otherwise you will probably place orders at wrong prices. Especially when prices jump up and down at a rate of 5 times per second. When it freezes you can select the exact price you want for the order.
    Try to do that when prices jump up and down at a rate of 5 times per second.
    The same if you want to put a stop order.
    You should indeed thank NinjaTrader for this.
    If you click when the price is at 3850, your price can be a few ticks higher or lower, depending on how an when the prices jump up or down.

    You must be a superman if you always manage to place orders at the right price.
     
    Last edited: Jan 7, 2023
    #65     Jan 7, 2023
    Sekiyo and Rams Fan like this.
  6. For placing orders I prefer the chart trader on Ninjatrader. I bought an add-on called Clicker by Volaty which makes it really easy to place trades.

    An advantage with the DOM is that you can place 1-click orders, but I'm not really sure it's needed?
     
    #66     Jan 7, 2023
    Sekiyo likes this.
  7. virtusa

    virtusa

    As I only use market orders, DOM is the way to go. And the stop is placed automatically (ATM strategy).
     
    #67     Jan 7, 2023
    Rams Fan likes this.
  8. On that subject. What’s your average stop these days?
     
    #68     Jan 7, 2023
  9. virtusa

    virtusa

    Still 5 points ES. As long as I don't get stopped out on trades that would end in profit, I don't put him higher.
    The day I lose money because of too close stops, I will try to find the optimal point again.
    I noticed, long time ago already, that I should stay around 0.13% of the notional value of the ES.
     
    #69     Jan 7, 2023
    Rams Fan and Laissez Faire like this.
  10. Rams Fan

    Rams Fan

    I wouldn't change the DOM, but I would pay ninjatrader to remove ©2023 Ninja Trader, LLC from the price field of the charts. I don't think any other platform does this. I know it was thing to do back in 2005, but it's been 17 long years already.

    Maybe Elon will buy NT and charge us $8/month to replace the ©2023 Ninja Trader, LLC with a colored checkmark of our choice.

    That's a generous thing for you to share, @virtusa

    Anyone else wonder how close you could get to that $2,000,000 by next Christmas? Amazing what 3.5 ES points per day could do for you if you have the disciplinary capacity to size up.

    upload_2023-1-7_15-37-41.png
     
    #70     Jan 7, 2023
    Sekiyo likes this.