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Plan the Trade

  • #10,021
  • Jan 4, 2019 2:05pm Jan 4, 2019 2:05pm
Quoting hilmy83
{quote} 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.
Sorry, I did not realize you took a break for 6 months last year. You can ignore my request then.

Your strategy works for you because of your consistency in approach to fading or breaking momentum plays. Kinda millipede strategy of using short term gains to play longer term moves.... but I am done with that shit... I am a scalper at heart so rapid and ferocious tick chart is my end game with NQ. Quick hits and get on with my life. Besides, I have to put CP to shame with my performance of $10K to $1M in one year lol. I believe that is what he said once.
Staying in my lane...
  • #10,022
  • Jan 4, 2019 2:13pm Jan 4, 2019 2:13pm
Quoting VEEFX
{quote} Sorry, I did not realize you took a break for 6 months last year. You can ignore my request then. Your strategy works for you because of your consistency in approach to fading or breaking momentum plays. Kinda millipede strategy of using short term gains to play longer term moves.... but I am done with that shit... I am a scalper at heart so rapid and ferocious tick chart is my end game with NQ. Quick hits and get on with my life. Besides, I have to put CP to shame with my performance of $10K to $1M in one year lol. I believe that is what...
And one more technique for you to limit DD of your profits.... I focus only on entry and exit accuracy % efficiency. Meaning, a trade is NOT successful in my definition if it does not go into profit soon (right away is better) or if you leave too much profit on the table.... so look at all your DD or losing trades and create a matrix of EVERYTHING that affects your entry and exit setup. You should find atleast 2 filters across 1000 trades....AND, trade duration is in itself a RISK component imo. If you are sitting on a trade going nowhere, a flat position is better than starring at the screen (or taking a nap in your case lol ) but heck, you are profitable so continue doing what works best.
Staying in my lane...
  • #10,023
  • Jan 4, 2019 2:14pm Jan 4, 2019 2:14pm
hey VEE never met a TRADER wired like you. You say your a scalper but you want these other facts that hilmy uses HUH?
  • #10,024
  • Jan 4, 2019 2:24pm Jan 4, 2019 2:24pm
Quoting VEEFX
{quote} And one more technique for you to limit DD of your profits.... I focus only on entry and exit accuracy % efficiency. Meaning, a trade is NOT successful in my definition if it does not go into profit soon (right away is better) or if you leave too much profit on the table.... so look at all your DD or losing trades and create a matrix of EVERYTHING that affects your entry and exit setup. You should find atleast 2 filters across 1000 trades....AND, trade duration is in itself a RISK component imo. If you are sitting on a trade going nowhere,...
that infamous nap will always haunt me..

by the way. scalping is good, but it's very time specific. for 9-5 folks like me, it's not easy when you're in the US. even in euro session, it's a bit slow, just more range.

i trade the way i used to sell my old text books/video games on ebay in college. buy the things at wholesale/china at a discount, then sell it premium. it may take days to sell, but if it sells, that's what matters.

ps if profit is small..jack up the shipping/delivery fee haha! suckerssss
  • #10,025
  • Jan 4, 2019 2:30pm Jan 4, 2019 2:30pm
Quoting Divergence
hey VEE never met a TRADER wired like you. You say your a scalper but you want these other facts that hilmy uses HUH?
he's a data perfectionist i think. very bad trait. needs to let go of some things

one thing i can never get right and admitting this is my entry techniques. i suck at it. usually goes against me right away, but i learned over the years that i need to use zone instead of lines on chart so you'd see 2-3 trades when i trade a setup. that works boths ways since i add both sides depending on the setup.

but you have to find your niche in this market. i'm not good at entries, but i'm really good at holding to winners and reading market strucutre (at least i think so).

so don't focus on improving your weakness, focus on making your strengths more dominant.
  • #10,026
  • Jan 4, 2019 2:34pm Jan 4, 2019 2:34pm
Quoting Divergence
hey VEE never met a TRADER wired like you. You say your a scalper but you want these other facts that hilmy uses HUH?
Yep... I am a rare breed lol

If you remove your TP and exit at session close with 1000T, you are still a scalper right? Trading style has (or should have) no significance or influence on the approach to trading stat analysis imo. Evaluation of "percentage effeciency" is a universal component meaning 50/100 or 500/1000 will result in the same statistical outcome :-
Staying in my lane...
  • #10,027
  • Jan 4, 2019 2:45pm Jan 4, 2019 2:45pm
Quoting hilmy83
{quote} he's a data perfectionist i think. very bad trait. needs to let go of some things one thing i can never get right and admitting this is my entry techniques. i suck at it. usually goes against me right away, but i learned over the years that i need to use zone instead of lines on chart so you'd see 2-3 trades when i trade a setup. that works boths ways since i add both sides depending on the setup. but you have to find your niche in this market. i'm not good at entries, but i'm really good at holding to winners and reading market strucutre...
It may appear contrary to what I wrote. Entry is important just for DD (ROMAD) alone. Exits,as you said, will always remain far more important than entries to end the trade or account in profit... and yes, I thrive in being a facts-n-data guy. That's just who I am as data supports facts and data never lies or play tricks with your own visual, optical, cognitive biases when it comes to emotional and mental challenges. Our minds are simply not designed to realize such flaws in real time as they happen.

Still in cancun and forced to work and hence I am here chatting on FF. Last hour on Friday and magic can happen :-)
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Staying in my lane...
  • #10,028
  • Jan 4, 2019 4:04pm Jan 4, 2019 4:04pm
here a how I keep data 5 wins of+25 =125 ticks 2 losses of 12 ticks = -24 ticks so you tale 125 - 24= 101 - 7ticks comm for 7 trades = 94 net ticks math 101
  • #10,029
  • Jan 5, 2019 4:27am Jan 5, 2019 4:27am
Quoting Divergence
here a how I keep data 5 wins of+25 =125 ticks 2 losses of 12 ticks = -24 ticks so you tale 125 - 24= 101 - 7ticks comm for 7 trades = 94 net ticks math 101
Keep it simple - maths that matter.
every Saint has a past. Every Sinner has a Future
  • #10,030
  • Jan 5, 2019 1:11pm Jan 5, 2019 1:11pm
Dang! What did y'all do to piss V off?

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The Purge - 2019.
  • #10,031
  • Jan 5, 2019 1:24pm Jan 5, 2019 1:24pm
Quoting magnumfreak
Dang! What did y'all do to piss V off? {image} The Purge - 2019.
: )
  • #10,032
  • Jan 6, 2019 11:31am Jan 6, 2019 11:31am
Quoting bapakjason
{quote} : )
Ho Ho Ho - back to trading then.
every Saint has a past. Every Sinner has a Future
  • #10,033
  • Jan 6, 2019 1:03pm Jan 6, 2019 1:03pm
Quoting magnumfreak
Dang! What did y'all do to piss V off? {image} The Purge - 2019.
Hey M- I am not pissed at all.... just want to contain my focus and avoid being a "demented butterfly". I am wired to pick out flaws and inconsistencies around me so interacting with me will only slow your own progress. It is for your own good :-)
Staying in my lane...
  • #10,034
  • Jan 6, 2019 1:08pm Jan 6, 2019 1:08pm
Quoting Divergence
here a how I keep data 5 wins of+25 =125 ticks 2 losses of 12 ticks = -24 ticks so you tale 125 - 24= 101 - 7ticks comm for 7 trades = 94 net ticks math 101
Here's how I keep track for the week.....

Good weekend desert......or no desert

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  • #10,035
  • Jan 6, 2019 1:11pm Jan 6, 2019 1:11pm
Quoting VEEFX
{quote} Hey M- I am not pissed at all.... just want to contain my focus and avoid being a "demented butterfly". I am wired to pick out flaws and inconsistencies around me so interacting with me will only slow your own progress. It is for your own good :-)
My philosophy when it comes to learning is listen to everyone. Even noobs have something helpful to say because they come in when fresh eyes or bring different life perspective different than my own that might allow me to see the market in ways I never thought of
  • #10,036
  • Jan 6, 2019 1:22pm Jan 6, 2019 1:22pm
Quoting hilmy83
{quote} My philosophy when it comes to learning is listen to everyone. Even noobs have something helpful to say because they come in when fresh eyes or bring different life perspective different than my own that might allow me to see the market in ways I never thought of
yep. Listening/reading/learning is completely different than interacting/collaborating/following/agreeing/etc.
Staying in my lane...
  • #10,037
  • Jan 6, 2019 1:37pm Jan 6, 2019 1:37pm
my philosophy find what works and work it. then listen to noone
  • #10,038
  • Jan 6, 2019 1:38pm Jan 6, 2019 1:38pm
Quoting Divergence
my philosophy find what works and work it. then listen to noone
Right here is the BEST ADVICE EVER!!!!
Staying in my lane...
  • #10,039
  • Jan 6, 2019 1:44pm Jan 6, 2019 1:44pm
Quoting VEEFX
{quote} Right here is the BEST ADVICE EVER!!!!
thats why i dont get bent out of shape when someone tweaks what i haved shared its about making money and nothing else
  • #10,040
  • Jan 6, 2019 2:03pm Jan 6, 2019 2:03pm
vee when i have developed strategies i backtest thoroughly almost to perfection. what I mean is no losing months. when one happens in realtime and it did last June I just tweaked it by changing what timeframe I'll scalp from. Strat remained the same though
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