My Trading Quest - Can I be Profitable in 90 Days?

Discussion in 'Journals' started by eRESULTS, Mar 17, 2020.

  1. Ouch1963

    Ouch1963

    OK got it. Thxs. This though looks like it was a losing trade.
     
    #161     May 27, 2020
  2. eRESULTS

    eRESULTS

    You are correct. I didn't choose it as an entry just as an example of the question you asked.

    I would not have taken that trade as the trade entry was in 3 bar chop.
     
    #162     May 27, 2020
  3. eRESULTS

    eRESULTS

    DAY 40 – Apex Sniper Trading Bootcamp – Day 2 of Funding evaluation …

    Today is the second day of the Leeloo Funding Evaluation …

    Actions I took:

    • Listened to the trading room for the first 60 mins of the US Open
    • Watched Darrell run through a day of trading in the first webinar for the week
    • Traded Day 2
    Day 2 of Funding Evaluation

    Both markets were fast and NQ appeared to have low liquidity. Traders were having slippage with entering and exiting on NQ.

    I decided not to trade NQ and placed 2 trades with ES before the market did some big swings. I watched for a while and decided I had made a profit so why risk it in this type of market. My goal is to pass the funding evaluation and not blow up the account. After reviewing the market after the close, I was happy I stopped trading for the day.

    I placed 2 ES trades:

    • 2 ES trades – 2 winners (+190.00)
    Total Profit for the Day $190.00

    Total Running Profit for the Evaluation = $468.48 (2 days)

    Trade 1 – Valid ES Short DTX and Enhanced Trade (Profit +$95.00)

    [​IMG]


    Trade 2 – Valid ES Short Trend Trade (Profit +$95.00)

    [​IMG]

    The following is the trades from the NT7 Summary Panel

    [​IMG]


    Potential trades – ES and NQ

    [​IMG]
    [​IMG]

    Rithmic Overview

    [​IMG]


    I will report back tomorrow on my progress and any lessons I learn

    Disclaimer

    I am not affiliated with any of these companies.
     
    #163     May 28, 2020
    tla666 likes this.
  4. eRESULTS

    eRESULTS

    DAY 42 – Apex Sniper Trading Bootcamp – Day 3 of Funding evaluation …

    Today is the third day of the Leeloo Funding Evaluation and a crazy market…

    Actions I took:
    • Listened to the trading room for the first 120 mins of the US Open
    • Traded Day 3
    Day 3 of Funding Evaluation

    NQ again had reduced liquidity. Traders were having slippage with entering and exiting on NQ.

    ES was fast at times and very slow at other times.

    I was trading ES and watching NQ. When the markets are working so differently I find that it can affect my decision making. On days like this, it would be best if I just focus on one market.

    The list of potential trades is short. A few possible trades were left off the list as the market was moving too quickly. The list only includes trades I would expect to be able to enter.

    I placed 2 ES trades and 1 NQ Trade:

    • 2 ES trades – 2 winners (+190.00)
    • 1 NQ trade – 1 loser (-110.00)
    Total Profit for the Day $80.00

    Total Running Profit for the Evaluation = $551.66 (3 days)

    Trade 1 – Valid ES Long Trend Trade (Profit +$95.00)


    [​IMG]


    Trade 2 – Valid ES Long Enhanced and Trend Trade (Profit +$95.00)

    [​IMG]

    Trade 3 – Valid NQ Long Divergence Trade (Loss –$105.00)

    The target was hit but not filled and it quickly hit my stop.

    [​IMG]

    The following is the trades from the NT7 Summary Panel

    [​IMG]

    Potential trades – ES and NQ

    [​IMG]
    [​IMG]
    Rithmic Overview

    [​IMG]

    [​IMG]


    I will report back tomorrow on my progress and any lessons I learn

    Disclaimer

    I am not affiliated with any of these companies.
     
    #164     May 29, 2020
  5. Ouch1963

    Ouch1963

    I thought NTX-OD and NTX-DR are different trades, but your showing them combined. Am I missing something?
     
    #165     May 29, 2020
  6. eRESULTS

    eRESULTS

    No They are different trades but if you have a OD divergence setup and it also has DR Divergence then I record it so I can see which is best. You will notice I don't take a lot of just a DR setup.

    Cheers
    Garry
     
    #166     May 29, 2020
  7. eRESULTS

    eRESULTS

    DAY 43 – 45 – Apex Sniper Trading Bootcamp – Day 4 of Funding evaluation …

    Day 43, Today is the fourth day of the Leeloo Funding Evaluation …

    Actions I took:

    • Listened to the trading room for the first 120 mins of the US Open
    • Traded very badly on Day 4
    • Rested on Day 44 and 45
    Day 4 of Funding Evaluation –Knowing when to quit and when to push

    Day 4 was Friday and I did everything wrong. So let’s start from the beginning and see what lessons I can learn …

    I am embarrassed to tell this story … but it helps me to go through it so I won’t do it again.

    Every now and again I suffer from those lovely migraines where you lose your vision and then you have a really a bad headache for a number of days or more!! So Friday was my second in a week.

    My vision came back in time for me to trade. So I assumed I could work through the headache to trade.

    When I started to trade I was feeling fatigued but knew I would be fine.

    I had forgotten to listen to Kenny Rogers song “know when to hold them and know when to fold them”

    Lesson 1: Do not trade when fatigued, sick, or not at your best.

    NQ again had reduced liquidity. Traders were having slippage with entering and exiting on NQ.

    Both markets ranged in speed but could have been traded successfully.

    I was trading ES and watching NQ.

    Chop Trades

    One of the lessons I have learned with this system and with ES (Not NQ), was when a certain type of chop forms on the chart then I do not trade in, out or back into that chop. Apex has a saying you need to take probability trades NOT possibility trades. Entering these trades can be profitable but they are a possibility NOT a probability trade. I often had problems seeing the chop when I was doing market replay and had improved to not trade those trades. I even created an indicator so I could see that chop easier.

    In the image of the first three trades, you will see blue boxes(2) around the chop zones I have mentioned. Also, in the third section from the bottom, you will see red blocks (3) which is my chop indicator.

    Lesson 2: If you have problems identifying chop then make sure you have all your facilities working when you are trading

    Trade 1NOT VALID ES Long DTX Trade (Loss -$217.50)

    I did not notice the chop to the left of the entry. Rule: do not trade into the chop

    Trade 2NOT VALID ES Long Enhanced Trade (Profit +$95.00)

    I did not notice the chop to the left of the entry. Rule: do not trade into the chop

    Trade 3 – NOT VALID ES Long DTX and Enhanced Trade (Loss -$217.50)

    I did not notice the chop to the left of the entry. Rule: do not trade into the chop

    Lack of focus and being fatigued!!

    [​IMG]

    After the mess of the first three trades, I realized my mistakes. But not the root cause!!

    So I kept trading …

    Trade 4 – Valid ES Long Enhanced and Divergence Trade (Profit +$95.00)

    [​IMG]

    Trade 5 – Valid ES Long Divergence Trade (Profit-$57.50)

    The trade was a long where the 18K and arrow is.

    I entered 1 tick above the bar … but somehow entered short!?! When I noticed I exited … for a profit.

    There is a saying about: if life hits you with a stick and you don’t listen, then it will hit you with a 4 x 2, and then if you don’t listen it will hit you with a truck (or something like that).

    [​IMG]

    At this point, I am down -$172.50 and fatigued, knowing I can make 1 more profitable trade!! So I wait about 80 minutes for the next trade!

    Trade 6 – NOT VALID ES Long DTX Trade (Loss -$217.50)

    You can see from the image, I repeated the mistake again.

    Rule: do not trade into the chop or when you are not 100% well!

    Total for the Day:

    6 Trades, 3 wins, 3 loss with a Loss of -$411.14

    The next 2 days I relaxed so I am ready for a better week.

    [​IMG]

    The following is the trades from the NT7 Summary Panel

    [​IMG]

    Potential trades – ES and NQ

    [​IMG]

    [​IMG]

    Rithmic Overview

    [​IMG]
    [​IMG]


    I will report back tomorrow on my progress and any lessons I learn

    Disclaimer

    I am not affiliated with any of these companies.
     
    #167     Jun 1, 2020
  8. eRESULTS

    eRESULTS

    I am having the rest of the week off to help me recover from the migraines,
     
    #168     Jun 2, 2020
  9. Ouch1963

    Ouch1963

    Hope you feel better.
     
    #169     Jun 2, 2020
    eRESULTS likes this.
  10. eRESULTS

    eRESULTS

    Apex Sniper Trading Bootcamp – “I’m Back!” …

    After a period of cluster migraines and headaches, I am back to continue my challenge …

    Health Update:

    After consistent and endless migraines where I lose my vision and then when it returns I am left with a bad headache, I am happy to say it has been over 9 days since my last migraine and 4 days since my last headache. All medical tests have given me a green light.

    I have not been able to trade due to my associated vision issues!!

    So where to now:

    I was 45 days through my challenge and have approximately 45 days off from trading. 90 Days!!!

    As I have not been trading, my thoughts are that I will spend the next week reviewing, catching up on Apex Trading videos and sim trading. After which I will have 30 days to complete my challenge to be profitable and then review where to go from there.

    At this time I will only trade ES. This will allow me to ease back into trading and screen time.

    Actions I took today:

    • Listened to the trading room but found it annoyed my head (too early .. I think!)
    • Traded 1 trade in Sim … profitable
    • Reviewed the market from open on Sun until close on Monday to identify trades I thought were valid trades on ES
    Potential ES Trades

    It was a strange day in the ES market and I didn’t see any valid trades I would take from 5:30am until 14:25.

    The profitable trade I took in sim was at 5:32am.

    Maybe that was my time away from the market!

    I did see 6 valid trades for the period from open Sunday until close Monday.

    To help me get my form back I will start recording on my spreadsheet all potential trades even if I do not consider them valid so I can record why I chose not to enter them. I just need to sort out how best I will record it.

    Resources

    I have decided to add a section on resources that I have found to be useful.

    The first is the new series of 3 minute coaching videos by Brett Steenbarger.

    The link is:

    Potential trades – ES

    [​IMG]


    I will report back tomorrow on my progress and any lessons I learn

    Disclaimer

    I am not affiliated with any of these companies.

    Cheers
    Garry
     
    #170     Jul 13, 2020