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Plan the Trade

  • #10,001
  • Jan 4, 2019 9:13am Jan 4, 2019 9:13am
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  • #10,002
  • Jan 4, 2019 9:24am Jan 4, 2019 9:24am
top work .. same trades i think:

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Become the casino
  • #10,003
  • Jan 4, 2019 9:34am Jan 4, 2019 9:34am
Quoting erasmus66
top work .. same trades i think: {image}
yep except for the +1 trade
  • #10,004
  • Jan 4, 2019 9:38am Jan 4, 2019 9:38am
Took also the short at 68.75 for 25
  • #10,005
  • Jan 4, 2019 9:48am Jan 4, 2019 9:48am
A modest + 31, 3 trades. Well done guys.
'in less than half an hour he made over 100 ticks'
  • #10,006
  • Jan 4, 2019 9:50am Jan 4, 2019 9:50am
long from 6304.25

i'm praying that this is one of those bullish till end of session deal...
  • #10,007
  • Jan 4, 2019 10:04am Jan 4, 2019 10:04am
Quoting hilmy83
long from 6304.25 i'm praying that this is one of those bullish till end of session deal...
Looking like a nice pay day
  • #10,008
  • Jan 4, 2019 10:34am Jan 4, 2019 10:34am
break that 6400..i can smell the stops
  • #10,009
  • Jan 4, 2019 11:02am Jan 4, 2019 11:02am
Quoting hilmy83
break that 6400..i can smell the stops
out..

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  • #10,010
  • Jan 4, 2019 11:42am Jan 4, 2019 11:42am
Quoting hilmy83
{quote} out.. {image}
Is there an end in sight??!? Still wanting to climb . . .
  • #10,011
  • Jan 4, 2019 12:03pm Jan 4, 2019 12:03pm
Quoting hilmy83
{quote} out.. {image}
How much DD you will accept on a trade?
  • #10,012
  • Jan 4, 2019 12:28pm Jan 4, 2019 12:28pm
Quoting Patje
{quote} How much DD you will accept on a trade?
worst case scenario DD for a day is 3x average gain. i've hit that losing days few times and recovery is usually over after 1 week which i can accept on those "really bad days"

typically i control my dd with size. i track the session ATR (asian and US). when it expands..i shrink..vice versa
  • #10,013
  • Jan 4, 2019 12:44pm Jan 4, 2019 12:44pm
Quoting hilmy83
{quote} worst case scenario DD for a day is 3x average gain. i've hit that losing days few times and recovery is usually over after 1 week which i can accept on those "really bad days" typically i control my dd with size. i track the session ATR (asian and US). when it expands..i shrink..vice versa
OK so you don't have a pre determined max DD....I also think about adjust it to volatility ... But for now I keep it as it is because it works for me but maybe if I want to be more aggressive.. . BTW you doing a hell of a great job... Thanks for your response . Have a great weekend all
  • #10,014
  • Jan 4, 2019 1:12pm Jan 4, 2019 1:12pm
Quoting Patje
{quote} OK so you don't have a pre determined max DD....I also think about adjust it to volatility ... But for now I keep it as it is because it works for me but maybe if I want to be more aggressive.. . BTW you doing a hell of a great job... Thanks for your response . Have a great weekend all
its' a business. not everybody follow the same business, but we all need to make money. some sell food, some sell electronics, some sell illegal crack on the street

everyone's business model is different, but there are some core values in business that are the same
  • #10,015
  • Jan 4, 2019 1:23pm Jan 4, 2019 1:23pm
Quoting hilmy83
{quote} its' a business. not everybody follow the same business, but we all need to make money. some sell food, some sell electronics, some sell illegal crack on the street everyone's business model is different, but there are some core values in business that are the same
Curious if you completed your annual trade stats. Would love to see your 12 month equity curve or the Sierra screenshot to determine what your ROMAD is (Return over max DD)
Staying in my lane...
  • #10,016
  • Jan 4, 2019 1:29pm Jan 4, 2019 1:29pm
Quoting Divergence
{quote} there's always a catch this technique lures newbies to join till they realize......
I am really not seeing any catch but have to do indepth analysis between my estimated annual contract volume to see the difference between membership and "high-volume" costs. If a single annual membership spans across multiple accounts, I might sign up. $1K to get cheap on unlimited trades is worth it. Hilmy - are you using this with Amp?
Staying in my lane...
  • #10,017
  • Jan 4, 2019 1:29pm Jan 4, 2019 1:29pm
do you mean risk to reward VEE
  • #10,018
  • Jan 4, 2019 1:41pm Jan 4, 2019 1:41pm
Quoting VEEFX
{quote} Curious if you completed your annual trade stats. Would love to see your 12 month equity curve or the Sierra screenshot to determine what your ROMAD is (Return over max DD)
at work right now so can't access sierra. but i was MIA for 6 months last year, and i think sierra only keeps like 90 days of data if i'm not mistaken.

Quoting VEEFX
{quote} I am really not seeing any catch but have to do indepth analysis between my estimated annual contract volume to see the difference between membership and "high-volume" costs. If a single annual membership spans across multiple accounts, I might sign up. $1K to get cheap on unlimited trades is worth it. Hilmy - are you using this with Amp?
i don't think it's worth it. better to just go straight to the exchange and get discount that way. Just $2000 one time fee, then after that it's just $300/month seat lease. (instead of amp's yearly 1k or 2k fee)

1k memberhsip=50 cent discount (3.6 RT originally)-14% dsicount RT
2k= 70 cents discount -19% discount

last month I did $1000 commission

1k membership-would save $140
2k-save 190

1k-need to trade 7 months to b/e (assuming same volume)
2k-need 10 months to b/e

i figure most people lose in the first 6 months..so amp gets their cut before those suckers save any money..
  • #10,019
  • Jan 4, 2019 1:46pm Jan 4, 2019 1:46pm
Quoting Divergence
do you mean risk to reward VEE
(reminder: I am wired differently) I personally don't care about RR at the individual trade level. By ROMAD, I mean, at the account or portfolio level, how much did you RISK to get the gain you realized from start to end of your accounting period. If you withdraw gains on a monthly basis then it is monthly accounting period.

What Hilmy is doing is the best strategy imo... using and "managing" gains to cover for drawdown (I think he learnt that from me hehe)....BUT if he had initial drawdown in the first month or week, then that drawdown must be factored into the overall ROMAD to truly assess the long term survival of his strategy. If this balance drops below the start of his accounting period then it must be factored into the overall ROMAD. Same way companies report their quarterly financials.

Example:
trade1: 10 TP no SL - win means I got 10 TP to use as 10SL on my next trade. if trade 1 resulted in a loss, that is pure DD and must be factored in to the overall RISK to the account.
trade 30: made 1000 ticks with no DD, ROMAD =1000 or whatever $/% equivalent
This model is FABULOUS imo as it REDUCES and completely eliminates RISK with growing equity curve.
Staying in my lane...
  • #10,020
  • Jan 4, 2019 1:53pm Jan 4, 2019 1:53pm
Quoting VEEFX
{quote} (reminder: I am wired differently) I personally don't care about RR at the individual trade level. By ROMAD, I mean, at the account or portfolio level, how much did you RISK to get the gain you realized from start to end of your accounting period. If you withdraw gains on a monthly basis then it is monthly accounting period. What Hilmy is doing is the best strategy imo... using and "managing" gains to cover for drawdown (I think he learnt that from me hehe)....BUT if he had initial drawdown in the first month or week, then that drawdown...
yea pretty much how i look at it too. previous profits pays for the DD up to certain point. i look at how quickly i can recover from dd from historical performance.
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