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  • #1,381
  • Feb 21, 2019 5:34pm Feb 21, 2019 5:34pm
Quoting Divergence
if you don't mind my input it's risk to reward that's out of balance winning days are between 1000 to 1500 losing 5500 is way out of balance
Agree with Harold, but will also add that it is possible to trade a inverse R:R strategy, however it is highly recommended that your back testing sample be double the size (we are talking four digits).

Comparing todays lose, in both ticks and dollars, to your own backtesting results is the only way to know whether todays lose was "normal" (and you should trade tomorrow), or whether todays lose was abnormal (in which case you need to find the "why"). One thing is for sure, the NQ did not do anything extraordinary to warrant a strange result today.

Best,
N
  • #1,382
  • Feb 21, 2019 5:47pm Feb 21, 2019 5:47pm
Quoting Divergence
if you don't mind my input it's risk to reward that's out of balance winning days are between 1000 to 1500 losing 5500 is way out of balance
need to look at how i can minimize losses, or maybe reduce positions that are against me at key levels.

i usually take full stop, which now that i look at it, would throw off the winners.
  • #1,383
  • Feb 21, 2019 5:50pm Feb 21, 2019 5:50pm
money management key to the mint
  • #1,384
  • Feb 21, 2019 6:34pm Feb 21, 2019 6:34pm
will do tomorrow's US session on youtube. i'm gonna record how i manage my risk. cut the losers short hopefully..
  • #1,385
  • Feb 21, 2019 6:46pm Feb 21, 2019 6:46pm
Quoting Nik-Nyc
{quote} . . .. One thing is for sure, the NQ did not do anything extraordinary to warrant a strange result today. Best, N
Agreed. I actually saw today as "back to normal" concerning range on NQ . . .
  • #1,386
  • Feb 21, 2019 10:09pm Feb 21, 2019 10:09pm
Quoting Divergence
if you don't mind my input it's risk to reward that's out of balance winning days are between 1000 to 1500 losing 5500 is way out of balance
on one hand it is true,

on the other hand, Hilmy, you know what you are doing, you know the average frequency of losses, and the expectancy on winning days, so this R:R thing doesnt matter that much, as yours perhaps not trade entry by entry, but trading day by trading day.
if your expectancy of making money still looks positive, all is well.
on top, you have been following your rules yesterday, and no tilting you said.

this is really an expected loss, and if it is such, interesting that you seem to be more upset about it than a week before about the loss on tilting that was even larger, too.

believe you use multiple entries on often, and cos you have no flexibility to go smaller than a certain size, overall the averaging may not work that ideal.
that said, again, if you stick to your system rules, a loss should be all right.
if your system produce 4x 1500$ and lose 1x5000$, on average, you are OK, despite R:R, that anyhow you would supposedly only apply to each trades, not each day, or each week.
again, it is the nature that you cant take less than 1 contract size, so your options to limit drawdown/loss is really largely comes down to take less #of contracts.

as a side note: not sure the trading time schedule adds extra pressure or not. afterall, you have a full time job + trying to dive into 2 sessions too, of each has a time restrain cos work/family.
there is always, always another trade!!
  • #1,387
  • Feb 22, 2019 11:13am Feb 22, 2019 11:13am
Quoting hilmy83
{quote} -$5595 today was legit losing session per rules. No tilt, i just executed. got chopped up left and right and i lost. Had a breakout earlier that fail, then which i thought a reversal after, also failed. like for god sake, the retracements was so large! month's profit is dwindling... wished that i didn't tilt last week, then this loss would be pretty insignificant. but i was so relieved i called it quits. so relieved i tell you to just cut it and move on. one more loss like this i'd be b/e for the month. it's like you trade the whole month...
+$915

managed to make a mistake at session open by entering early. even though it worked out, it was not per rules. glad i just closed it early; at least discipline is still there.

Then 2nd mistake was not realizign where the range is relative to the 10 day atr, we're at the max range. adjusted the TP after the retracement and got out where i was supposed to

this week, month just been stressful. i just want the next 4 days to finish quickly in profit so i can call it a month

did i mention that TRADING IS VERY HARD? IT IS HARD!!!! NOTHING EASY ABOUT IT..IT'S STRESSFUL, YOU GOTTA LEARN A LOT OF SHIT, TRACK A LOT OF SHIT, MAINTAIN MINDSET, BOUNCE BACK AFTER LOSING, why would anybody want to do this shit!??!?!

oh yea the money...

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  • #1,388
  • Feb 22, 2019 11:20am Feb 22, 2019 11:20am
Quoting hilmy83
{quote} +$915 managed to make a mistake at session open by entering early. even though it worked out, it was not per rules. glad i just closed it early; at least discipline is still there. Then 2nd mistake was not realizign where the range is relative to the 10 day atr, we're at the max range. adjusted the TP after the retracement and got out where i was supposed to this week, month just been stressful. i just want the next 4 days to finish quickly in profit so i can call it a month did i mention that TRADING IS VERY HARD? IT IS HARD!!!! NOTHING...
holy shit..got out of that one...

i think i need to get super high this weekend

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  • #1,389
  • Feb 22, 2019 11:32am Feb 22, 2019 11:32am
something to think about we made almost the same amount you needed 183 ticks I needed 25 less is more but if your Strat isn't customised for less forget this post
  • #1,390
  • Feb 22, 2019 11:45am Feb 22, 2019 11:45am
Quoting Divergence
something to think about we made almost the same amount you needed 183 ticks I needed 25 less is more but if your Strat isn't customised for less forget this post
you're taking one data point (today) and drew a conclusion that that 25 tick is more "efficient". need more data points

how much are you up this month? take it divide by 5

i'm somewhere in $8000/5=1600 ticks..
  • #1,391
  • Feb 22, 2019 2:20pm Feb 22, 2019 2:20pm
360 ticks 10800
  • #1,392
  • Feb 22, 2019 4:56pm Feb 22, 2019 4:56pm
In the "badass trader lives here" series..

Got this little bastard today.
https://www.amazon.com/eufy-Upgraded-Super-Thin-Self-Charging-Medium-Pile/dp/B07D75MVX9/ref=sr_1_5?keywords=eufy+30c&qid=1550876121&s=gateway&sr=8-5

When you have little kids, after dinner time bring waves of crumbs on the floor that I end up having to sweep up. Not any more!

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  • #1,393
  • Feb 22, 2019 11:14pm Feb 22, 2019 11:14pm
Weekend poker

.25/.50 bb
buy in $50

profit $101.93
time: 1.5 hours

pretty good session. Just trying to improve at these low stake games...

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  • #1,394
  • Feb 24, 2019 9:40am Feb 24, 2019 9:40am
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  • #1,395
  • Feb 24, 2019 3:25pm Feb 24, 2019 3:25pm
Quoting hilmy83
In the "badass trader lives here" series.. Got this little bastard today. https://www.amazon.com/eufy-Upgraded-Super-Thin-Self-Charging-Medium-Pile/dp/B07D75MVX9/ref=sr_1_5?keywords=eufy+30c&qid=1550876121&s=gateway&sr=8-5 When you have little kids, after dinner time bring waves of crumbs on the floor that I end up having to sweep up. Not any more! {image} {image}
So I decided to return this bastard because I realized this thing moves in random fashion. It's basically bounce around until low power. After couple of runs, I still notice areas not cleaned.

What I shouldve went with is the vacuum with house mapping feature. So I did. I'm super impulsive online shopper
https://www.amazon.com/Roborock-Robotic-Connectivity-Navigating-Capacity/dp/B0792BWMV4/ref=sr_1_1_sspa?keywords=roborock+s5&qid=1551043516&s=gateway&sr=8-1-spons&psc=1

This new little bastard actually will show your house floor plan after the initial run so you can designate areas to focus on. Plus it's systemic cleaning covers the whole area. And it comes with mopping!. Plus the navigation helps it return home faster than the previous one (it was funny watching it wander around like a lost puppy). lets see how this do

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  • #1,396
  • Feb 24, 2019 3:52pm Feb 24, 2019 3:52pm
i got this one for 25 bucks https://media.gettyimages.com/photos...re-id528866042
  • #1,397
  • Feb 24, 2019 5:26pm Feb 24, 2019 5:26pm
Quoting hilmy83
In the "badass trader lives here" series.. Got this little bastard today. https://www.amazon.com/eufy-Upgraded-Super-Thin-Self-Charging-Medium-Pile/dp/B07D75MVX9/ref=sr_1_5?keywords=eufy+30c&qid=1550876121&s=gateway&sr=8-5 When you have little kids, after dinner time bring waves of crumbs on the floor that I end up having to sweep up. Not any more! {image} {image}
Watch the corners . . . .
  • #1,398
  • Feb 24, 2019 6:33pm Feb 24, 2019 6:33pm
Quoting hilmy83
{quote} So I decided to return this bastard because I realized this thing moves in random fashion. It's basically bounce around until low power. After couple of runs, I still notice areas not cleaned. What I shouldve went with is the vacuum with house mapping feature. So I did. I'm super impulsive online shopper https://www.amazon.com/Roborock-Robotic-Connectivity-Navigating-Capacity/dp/B0792BWMV4/ref=sr_1_1_sspa?keywords=roborock+s5&qid=1551043516&s=gateway&sr=8-1-spons&psc=1 This new little bastard actually will show your house floor...
Not bad. Still have 50% power left. Can set focus zones and no go zones. Good clean qualityq definitely a good buy

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  • #1,399
  • Feb 24, 2019 6:44pm Feb 24, 2019 6:44pm
Quoting Divergence
i got this one for 25 bucks {image}
bit expensive but worth it after a lengthy trading day

http://alittlebitdirty.com/
  • #1,400
  • Feb 24, 2019 6:51pm Feb 24, 2019 6:51pm
Quoting alphadude
{quote} bit expensive but worth it after a lengthy trading day http://alittlebitdirty.com/
oh the things i'd do if i was single...
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