I am pleased to report that I made +$132.13 after commish and I am done before the open. I will stop now. I have discovered to just stick with what works. I have to fight with greed just now as I have had sort of a breakthrough this evening. I do not want to stop trading. I know what can happen if I let myself go. I must learn how to control the Greed part of fear 8 trades 6 wins 1 loss 1 scratch My Gauntlet balance is +$26,032.22
Forum, This is a recap my Gauntlet thus far: (trading 1 contract entries per 25k..can be scaled up to 3 open contracts traded at one time) Start: 09/17/18 Monday $25,000.00 09/21/18 Friday $24,873.20 -$126.80 09/24/18 Monday $24,908.71+$35.51 09/25/18 Tuesday $26,105.62 +$1,196.91 09/26/18 Wednesday $26,164.00 +$58.38 09/27/18 Thursday $26,247.86 +$83.86 09/28/18 Friday $26,510.98 +$263.12 10/01/18 Monday $25,900.09 -$610.89 10/02/18 Tuesday $26,032.22 +132.13 Gauntlet Expires: 11/16/18 I estimate my intraday drawdown has never been more than 3% thus far. However I suspect that Earn2Trade has a very comprehensive system of tracking for me to see. I have not heard a word from them. They have endured 4 rule changes from me without a hitch. So here is the question. Would you place your money with this trader if he had a track record of 2 years and you saw this list of most recent trades? Be Honest and state your criteria. We are not talking about the Gauntlet though. ES P. S. I am making a point with this post don't worry. Be patient as I am waiting for replies.
Yes I agree...but your point is? Should I stop publishing my results or trade without stops? Or...maybe I should just give up and let the computers trade? Order flow is a tricky thing (algos tricking you) and I am using my pattern matching technique more and more. I may stop scalping orderflow altogether by the time this Gauntlet is over...we shall see. Today's profits were from pattern matching and mental stops are used together with a hedged basket. There are usually only 2 windows of time that trades can be placed. The simulator is used for timing and I do not need charts at all...lol. I trade what works from now on and I can make Earn2Trade and myself a lot of money with my existing tools. Rithmic is great! All Earn2Trade must do is keep feeding me capital at 25k per contract. I can trade my own account alongside Earn2Trade so no problem. I just do not completely walk away from scalping as I feel rushed with the pattern matching and need more screentime with it. By the time the Gauntlet is over in August I will know if I can depend upon it. It's just that when something has a 100% winrate you doubt it...Wifey says that I am silly as I have tested my techniques thoroughly. She does not understand. Fortunatly I am building my track record with Earn2Trade and Helios. ES P.S. Using brackets does not transmit them to the exchange as they are held locally was my understanding? However in my scalping I enter with stops....hmmmm...I probably need drip orders from Rithmic eventually if I continue with scalping.
earn2trade is not doing this, talking about info sent to exchanges in general. sheer DATA out there, that's hits the exchanges and ultimately gets incorporated into algos. the US govt records every phone call, right? I place trades hold stop in my head. whatever works for you..just saying. am I wrong??
rocketman987, I was trading with my Pattern Matching technique. I am trading 2 techniques. Scalping nets me less. Thank You for asking...LATE EDITS TO MY POST ABOVE I am so scared to overtrade my pattern matching technique as if it does not work I might see a large loss. I do not know as I need a larger sample size. I only have a few hundred trades to look at. I have seen 1.5% DD and do not need to hold more than 5 minutes. Trend Days or choppy days do not change what I know about it. If there is an FMC day or other major news I stay away now. I do not backtest or curvefit. Only Forward testing for me. There is absolutely no way what I do can be backtested. I do not know anybody using a simulator the way I do. Automation would need a virtual trade engine with Heuristic programming. ES