Friday, July 28, 2017

Fri. 7/28 -0.8%

2:45pm CDT - Nothing like waiting 3 hours for price to move somewhere, only to be taken out. ES is dead.  After a great start, I only netted +$37 on it this week. It is good for practicing patience but I really prefer my trades to move sooner than later.  I'm going to do more homework on my new method. 6E looked okay after a very preliminary look. We'll see...
RESULTS FOR DAY
ES Contracts:2
Net $P/L: -130
Wins: 0
Losses: 2
Win%:0
Avg$Win: 0
Avg$Loss: -65
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7 comments:

  1. coryJuly 30, 2017 at 12:46 AM

    practicing patience is good, net positive is even better. If the same result is repeatable for many months then scale up is the next logical step.

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  2. MBAGearheadJuly 31, 2017 at 2:47 PM

    Sandy, larger TFs is certainly one way to go. Kevin does a great job automating strategies and getting others to do same to share (his "Strategy Factory"). I submitted one once but it failed the 6 mo. incubation. Developing fully mechanical robust winning strategies is easier said than done.

    Cory, agree, but repeatable for months is the problem!

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    Replies
    1. coryJuly 31, 2017 at 5:59 PM

      keep plugging away until you hit something I guess
      https://www.screencast.com/t/cJ1bUuscor9E

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    2. MBAGearheadAugust 1, 2017 at 8:50 AM

      Nice graph Cory! Only 3 losing days this year? Very inspiring (even if it's SIM or micro-Forex lots or 50 lots ES per trade)! LOL :)

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    3. coryAugust 1, 2017 at 12:08 PM

      -yes it's SIM, my thought is, if you can't even make it on sim then you have no business doing it live.
      -no Forex, I stick to ES only, no longer watching any other market, my news source is CNN headlines.
      - 50 lots is nice but unrealistic, I try to keep it as real as possible thus 1 trade at a time if possible.
      my stat https://www.screencast.com/t/qZ9gcktw7N4

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    4. MBAGearheadAugust 1, 2017 at 12:35 PM

      Thanks for sharing. Never been a fan of SIM but if you can make it realistic for you great! I find you have to deduct a tick each trade to make fills more real (unless you always use market orders, not limit). Hopefully 50 lots will be realistic for us both someday! :)

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    5. coryAugust 1, 2017 at 1:46 PM

      I didn't check off Enforce immediate fills box, so it always has to go *beyond* my entry/exit price in order to get fill. That is how I built my patience. https://www.screencast.com/t/k0X3BvpS963R

      Delete

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