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  • #761
  • Sep 27, 2018 11:23am Sep 27, 2018 11:23am
Quoting hilmy83
{quote} just watching it. jumped the gun when i saw that pop. absolute max for position size. This type of setup is like holding pocket aces to me. cant limp in. gotta make the players pay wonder if i should hold till eod. decisions decisions... {image}
hope it doesn't come down like it did yesterday...
  • #762
  • Sep 27, 2018 6:12pm Sep 27, 2018 6:12pm
Livestream NQ futures trading
9/28/18 @ 9pm CST and
@ 1am CST (possible)
https://www.youtube.com/user/HIITSPRINT

last stream of the month. have to be up and early for work tomorrow..so hopefully i can finish before US open in two separate sessions. hoping to get around 30-40 ticks combined.
  • #763
  • Sep 27, 2018 9:10pm Sep 27, 2018 9:10pm
is there any option to see the trades and history from amp tradingview (or some other option) like we use myfxbook for mt4?
  • #764
  • Sep 28, 2018 10:37am Sep 28, 2018 10:37am
took a decent hit today -$10,425 (probably will be -$10,600 with comms)

so basically this is how the day went:

1. Upped my contract a bit to round it to 10. considering the the account was up a decent profit, i thought it was good idea (NOT!)
2. asian session went just fine. got out with about 10 ticks or so
3. euro session started out with loss. no issues there as per system
4. then breakout took place and i entered, per system (yellow)
5. then it retraces. at this point-i kept the position open and it retraced more. It was around this time, i misread my levels and closed the short and opened longs. and after the longs failed i got into the hole.
6. tried trading the US session but the low just couldn't be broken...

monthly profit went from $22,500 to around $11,0000.

What hurts is that i screwed up incorrectly reading the system. Or maybe, it's the NQ gods keeping me grounded when i was too trigger happy to jump on higher contracts too soon. Anyway, good decent day as I did manage to cut the loss, not risking further profits being burned.

This is like a bad beat day for me (always going back to poker ), but not too crushing. i said before, a bad day should be recoverable within 5 solid days. anything beyond that is a fuckup.

so next few days i'll post daily pnl, just to show you guys how long it'll take to recover this $10k loss. won't be able to do streams until maybe friday next week. gotta do the travel thing again

ps. stream is still running lol. hopefully nobody breaks into my house, and place trades on my comp.
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  • #765
  • Sep 28, 2018 12:08pm Sep 28, 2018 12:08pm
Quoting hilmy83
took a decent hit today -$10,425 (probably will be -$10,600 with comms) so basically this is how the day went: 1. Upped my contract a bit to round it to 10. considering the the account was up a decent profit, i thought it was good idea (NOT!) 2. asian session went just fine. got out with about 10 ticks or so 3. euro session started out with loss. no issues there as per system 4. then breakout took place and i entered, per system (yellow) 5. then it retraces. at this point-i kept the position open and it retraced more. It was around this time, i...
Hey Hilmy,
You are still in profit for the month... so no big deal. Perhaps I have the wrong attitude over this but my mindset tells me... profits until withdrawn are not my profits... they become part of a higher risk capital to exponentially growing equity. In your case you got out with 50% of profits... that is a very good sign of discipline imo. I usually tap 100% into my floating/realized profits above my base capital. At the end of the day, this is a leveraged margin and if you know what you are doing and have the necessary mental and physical capacity to risk taking, you should do whatever your strategy tells you to so. Market will never be favorable at all times.... there will be times when it will whip and saw our ass*s a dozen times. When market giveth.... you taketh. When market taketh, you better f*cking duck and roll.. is my mindset loldo

Now in futures, will this mindset still work? I am not sure but as a day trader, I am hoping it should :-)

EDIT: Tradovate has a pretty decent feature to auto-liquidate and LOCK the platform until next day once a daily loss limit is reached. I use 50% of previous day profits as daily loss setting and it works beautifully (in demo).
Staying in my lane...
  • #766
  • Sep 28, 2018 12:15pm Sep 28, 2018 12:15pm
Someone just sold 113 lots of NQ @ 10:6am Pacific time. my feed is CQG. Is anyone seeing the same in their platform?... about 10 mins ago

Also / has anyone looked at the liquidity during the first hour after NYSE lunch break? NQ definitely picked up after lunch today... maybe because of Friday close??
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Staying in my lane...
  • #767
  • Sep 28, 2018 12:19pm Sep 28, 2018 12:19pm
Vee why bother with tradovate infinity has all those features via sierra don't over think this.
  • #768
  • Sep 28, 2018 12:20pm Sep 28, 2018 12:20pm
Quoting VEEFX
Someone just sold 113 lots of NQ @ 10:6am Pacific time. my feed is CQG. Is anyone seeing the same in their platform?... about 10 mins ago Also / has anyone looked at the liquidity during the first hour after NYSE lunch break? NQ definitely picked up after lunch today... maybe because of Friday close?? {image}
Most times the 113 order is a spoof
  • #769
  • Sep 28, 2018 12:29pm Sep 28, 2018 12:29pm
Quoting VEEFX
Someone just sold 113 lots of NQ @ 10:6am Pacific time. my feed is CQG. Is anyone seeing the same in their platform?... about 10 mins ago Also / has anyone looked at the liquidity during the first hour after NYSE lunch break? NQ definitely picked up after lunch today... maybe because of Friday close?? {image}
the lock feature is actually a really good thing to have. give access to someone you trust.

i see that on cqg desktop platform

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Quoting Divergence
{quote} Most times the 113 order is a spoof
it's not spoof once it's registered on the time and sales right?. some punk did sell 113 contracts.
  • #770
  • Edited 6:06pm Sep 28, 2018 1:03pm | Edited 6:06pm
Quoting Divergence
{quote} Most times the 113 order is a spoof
It's not a spoof D. It's from time and sales... actually execution of trade size. I don't even bother looking at order book or DOM.... you can literally see the algos churning fake limits in and out. All my focus is who has actually bought and sold via trade executions... any big hand is a good indicator to watch for before your entry or exit.

I will get to Sierra after I have tried out some cloud based platforms. Focus is manual trading for now with just a simple interface and mobile tracking/monitoring should suffice. Trying to avoid a platform with lot of bells and whistles as you all know how my mind is... all the great features becomes distracting for a simple bracket trading style.
Next is TT Platform on my list as I read somewhere TT feed is far superior and used widely by hedgefunds.
Then BarChart
This scalptool (https://www.ampfutures.com/platforms/scalptool/) also looks promising.
I have concluded my research on data feed... any provider is fine for now so most likely it would be CQG or TT.
I am also almost leaning towards AMP.
Platform - definitely not 32-bit platforms like mt4 lol. web/desktop/mobile/multi-account linked are a priority.
When time comes to go algorithmic, I will most likely go with TS or ninjatrader or sierra. I just want to simplify my life with trading only a couple of hours like you D. That is my appeal to move to FUT.
Staying in my lane...
  • #771
  • Sep 28, 2018 1:15pm Sep 28, 2018 1:15pm
Trading is a lot like sex get in reach limit and then get out
  • #772
  • Sep 28, 2018 1:36pm Sep 28, 2018 1:36pm
Quoting Divergence
Trading is a lot like sex get in reach limit and then get out
my pull out game is a little weak. i tend to stay in a little too long...
  • #773
  • Sep 28, 2018 5:15pm Sep 28, 2018 5:15pm
After today's loss, this doesn't feel justified. O well

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  • #774
  • Sep 28, 2018 6:30pm Sep 28, 2018 6:30pm
Quoting hilmy83
{quote} the lock feature is actually a really good thing to have. give access to someone you trust. i see that on cqg desktop platform {image} {quote} it's not spoof once it's registered on the time and sales right?. some punk did sell 113 contracts.
Let me ask you this since you trade multilot with market/limit orders and hold positions for a 'while'. trying to understand the initial margin versus day margin and what universal liquidation rules apply. As i understand, Day margin% is controlled and offered by brokers. Initial margin and maintainance margin for overnight positions are managed universally by CME. I am not too concerned about overnight positions as I know when to liquidate.
Question on when auto-liquidate i,e, margin call will occur for day positions? Tradovate is telling me that will liquidate ALL my positions when equity drops below the 4% of initial margin required OR $500 which ever is higher. Example (per Tradovate support): I can open a 10 contract trade on a $5000 account using 500*10=$5000 of day margin. if my account equity drops below $2706, it will trigger a auto-liquidation and close all my 10 contracts (and not one contract at a time)

Is such policy of liquidation standard across most brokers or is this unique only with Tradovate ? I see some brokers also charge $50/contract (and not per trade) for every liquidate event. That's a ton in liquidation fees but hopefully, I will never have to use their liquidation services lol
Staying in my lane...
  • #775
  • Sep 29, 2018 7:36pm Sep 29, 2018 7:36pm
Viet noodle soup

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  • #776
  • Sep 30, 2018 9:46am Sep 30, 2018 9:46am
Quoting VEEFX
{quote} Let me ask you this since you trade multilot with market/limit orders and hold positions for a 'while'. trying to understand the initial margin versus day margin and what universal liquidation rules apply. As i understand, Day margin% is controlled and offered by brokers. Initial margin and maintainance margin for overnight positions are managed universally by CME. I am not too concerned about overnight positions as I know when to liquidate. Question on when auto-liquidate i,e, margin call will occur for day positions? Tradovate is telling...
all brokers set their own day margins. As far as when amp liquidate your positions, i don't know. In theory, brokers can liquidate as soon as you drop below their margin requirements. Anything beyond that is considered "good faith" move.

But in any case, you should never test the waters when you're in that position. if you are in that position, 9 times out of 10, market will move against you to trigger that liquidation. And yes, it's not cheap because amp also charges by the contract for the FULL position. But one thing i did learn is that if you hold a position towards the last 5 minutes of the day, amp will liquidate all the positions that you won't be able to carry overnight (even if you meet their day margins). And that's expensive too, so that's why i treat closing around 3:45pm cst.
  • #777
  • Sep 30, 2018 10:07am Sep 30, 2018 10:07am
Livestream NQ trading
10/1 @ 9pm
www.youtube.com/hiitsprint

since i won't be flying out till after lunch
  • #778
  • Sep 30, 2018 11:54am Sep 30, 2018 11:54am
Quoting hilmy83
{quote} all brokers set their own day margins. As far as when amp liquidate your positions, i don't know. In theory, brokers can liquidate as soon as you drop below their margin requirements. Anything beyond that is considered "good faith" move. But in any case, you should never test the waters when you're in that position. if you are in that position, 9 times out of 10, market will move against you to trigger that liquidation. And yes, it's not cheap because amp also charges by the contract for the FULL position. But one thing i did learn is that...
Thanks man. I am going thru a lot of "memory lane" thinking what I did wrong g in the past and avoid doing the smae mistakes again. I vividly recall my first margin call with facm. It wasn't until I stopped thinking about trading in pnl terms and started thinking about free and used margin and what factors can affect these two.

I liquidated my entire company stock portfolio on Friday so one more week and I am going live. Still undecided on broker or platform but most likely tradovare is out. If my Friday, I remain undecided, I will just go with amp.

Edit- I am trying out demo of discount trading with their free FireTip platform with no data fees...need to dig more into their unfiltered direct market access via Certigo.infrastructure....but seems interesting. Their platform looks okay to me so far but their TnS does not have any filtering features.
Staying in my lane...
  • #779
  • Sep 30, 2018 12:39pm Sep 30, 2018 12:39pm
Quoting VEEFX
{quote} Thanks man. I am going thru a lot of "memory lane" thinking what I did wrong g in the past and avoid doing the smae mistakes again. I vividly recall my first margin call with facm. It wasn't until I stopped thinking about trading in pnl terms and started thinking about free and used margin and what factors can affect these two. I liquidated my entire company stock portfolio on Friday so one more week and I am going live. Still undecided on broker or platform but most likely tradovare is out. If my Friday, I remain undecided, I will just...
Some things to consider:

1. Find out exactly when whichever broker you choose considers "intraday margin" to be in effect. For me and the account I have it runs from 6 pm eastern time US until 415 pm the next day. Between 415 pm and 600 pm is when initial margin and maintenance margin are in effect. Initial is what you will need the first day and maintenance is what is needed for all other days.
2. Always, and I do mean always start with just one contract. It doesn't make sense to scale up if you can't make a consistent profit with one contract.
3. With NQ, you can make a really good living trading just one contract. At $20 USD per point of movement (5 per tick) and as much as NQ moves, building an account is not hard. Trading with a smaller position size relative to your account size will take some of the pressure of trading futures off of you. Especially in the beginning. It all looks easy until money is on the line.
4. There is no shame in dropping back to demo for a day or so whenever you are having a crappy trading session. It helps me to get back to thinking right and revenge trading doesn't hurt near as bad in demo. LOL!

Hilmy83: Dude I was rooting for you Friday. I thought you were going to make the comeback of the century when you made it back to -1400 or so after being down 7k. Not sure what trading style you use but I wish you all the best.

For day trading, I made the switch from Forex to futures back in July of this year. Best decision in a long time. I still have my spot Forex account for trading the daily charts but not for day trading. To me, at least, it seems far more predictable. I can still day trade Forex if I want by trading the futures contracts for things like the Euro (6E) or Pound (6B), etc. It's like having major leverage once again.

Hope everyone has a majorly green week.
  • #780
  • Sep 30, 2018 2:24pm Sep 30, 2018 2:24pm
I am totally new too futures and indices i have no idea....What doo you call it when trading Nasdaq/SP500 ore dow jones ore DAX for that manner on the forex account on the mt4??? I have understood its not messured in pips and lots are totally different i would like too read up abaut this kind of trading if anyone have any ideas...
You win some you loose some do both with peace of mind
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