Challenge of Weekly Profit trading Futures

Discussion in 'Journals' started by Trade4gainz, Aug 12, 2018.

  1. Gotcha

    Gotcha

    Ah, once you start adding in much more complexity, it makes it difficult to make any decisions. For me, the highs at 2843 was simply a test of the previous day high during RTH. Of course, price can easily blow through this, but its nevertheless always a level that is plotted on my chart.

    Adding also the bond market would be just so much more confirmation needed. All I watch is ES and NQ. Adding in even YM now makes things more difficult. The trouble becomes too many levels too watch. The other big thing is when the markets are out of sync, so then you question which one is right. Sometimes ES leads NQ, and other times it works in reverse. :(
     
    #81     Aug 13, 2018
  2. DId some scalping myself today for fun and netted $195.

    Was down $680 after first trade but hit 4 winners in a row to end net positive. Nice streak as I usually like 2-3 trades a day when I can but was happy to trade out of the hole I created for myself (first trade got away from me).

    Had a better Friday but I scalp in between other things during the day to make money. Prefer /NQ/


    EDIT: Yeah $5 RT sucks but I trade under 20 contracts a day and not every day so I am fine with it. I do this in my ToS account even though IB is like $4 RT. I basically price in 1 point to each trade to cover commish.

    EDIT 2: Sorry was pointed out correctly the time stamp columns got squished. I will make sure they are expanded next time.

    upload_2018-8-13_21-13-57.png
     
    Last edited: Aug 13, 2018
    #82     Aug 13, 2018
    TraderEX, Trade4gainz and Gotcha like this.
  3. couple trades in sim account

    at 612.5 + 1900 in real acct


    1 more trade

    662.5

    I could play the dispersion field all night but too tired.
     
    Last edited: Aug 13, 2018
    #83     Aug 13, 2018
  4. 887.5
     
    #84     Aug 14, 2018
    Trade4gainz likes this.
  5. Took first signal this morning for quick short scalp: $425 net



    upload_2018-8-14_10-7-42.png
     
    #85     Aug 14, 2018
    Spectre2007 likes this.
  6. 125 in real account.

    I’m done with the challenge

    887.5 plus 2025 in rl acct. = 2912.5

    Tied up with things. Going to take swing position in ES violate rules.

    Ps did another quick trade. 125.. 3037.5
     
    Last edited: Aug 14, 2018
    #86     Aug 14, 2018
    SimpleMeLike likes this.
  7. Another set up came so could not resist.
    Total for today +$620 net

    upload_2018-8-14_11-51-26.png

    Most likely done for today as lunch approaches and don't want to be glued to screen.
     
    #87     Aug 14, 2018
    Peter10 likes this.
  8. Tuesday update of $200.
     
    #88     Aug 14, 2018
    Peter10, El OchoCinco and Spectre2007 like this.
  9. Could not resist and saw an overnight short opportunity before the close. Covered at 7444 because did not want to worry about it overnight (even though as I post this NQ hit 7440).

    Net Profit: $540


    upload_2018-8-15_0-4-26.png

    upload_2018-8-15_0-4-52.png

    Will count this for Wednesday trade :).
     
    Last edited: Aug 15, 2018
    #89     Aug 15, 2018
    Peter10 and SimpleMeLike like this.
  10. Gotcha

    Gotcha

    Maybe its just a typo, but the math isn't right here. If we assume average entry of 7454, an exit of 7444, for 10 points, and 2 contracts, this only works out to $400 profit.

    As an aside, its interesting that you held it through a 10 point drawdown as well since it essentially hit as high as 7464, testing the previous day high.

    Nicely done nevertheless!

    (I think the thread starter has already been beaten by either you or Spectre2007) :D
     
    #90     Aug 15, 2018
    SimpleMeLike likes this.