Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Jugador

This Guys Good!!

Recommended Posts

Guest Fedup

hi jugador,

 

why is it when you say good things people assume automatically your selling something!..i see your screenies and great job man! good luck with transfering to live...you may hit a wall here and there but keep after it! Id like to see what your using on ninja trader as far as software, maybe we can share war stories! but good for you my man!:applaud:

Share this post


Link to post
Share on other sites
hi jugador,

 

why is it when you say good things people assume automatically your selling something!..i see your screenies and great job man! good luck with transfering to live...you may hit a wall here and there but keep after it! Id like to see what your using on ninja trader as far as software, maybe we can share war stories! but good for you my man!:applaud:

 

Actually only 1 guy assumed that and they had a post count of 1. Is posting two days results on a simulator really that much of a "good thing"? Seems pretty random to me but hey what do I know? Anyway if you like that sort of thing you will love this thread http://www.traderslaboratory.com/forums/f103/trader-p-l-2009-a-5521.html where a couple of people post there live results pretty much every day.

 

Btw Jugador hows it going mate? Are you still hitting it pretty consistently?

Share this post


Link to post
Share on other sites
hi jugador,

 

why is it when you say good things people assume automatically your selling something!..Id like to see what your using on ninja trader as far as software, maybe we can share war stories! but good for you my man!:applaud:

 

Well, you can't really blame folks for being suspicious. There are a lot of unscrupulous people out there. :roll eyes: It sounds like your not sure what Ninjatrader is. It is a software. I saw a link the other day here on this site. It's free to evaluate, so check it out. :cool: Thanks for the applause! :haha:

 

Btw Jugador hows it going mate? Are you still hitting it pretty consistently?

 

Well, I shifted my attention the last few days. I've been focusing on "position sizing strategies". Here's one I kinda like... I start with 1 contract, if it's a winner, I trade 2 on the next trade. If it's a winner, I start over and go back to 1.

 

If the 2nd trade (2 contracts) loses, I still go back to 1. I quit if I lose 4 trades in a row. The sequence is 1,1,1,2. Basically, what I'm looking for is back-to-back winners. If I can get 1 back-to-back winner before I lose 4 in a row, I have a profit. If I lose 4 in a row, I lose $625 (minus any profits) and call it a day.

 

Here's a screenie from this morning. I lost the 1st trade (1 contract), and won the 2nd trade (1 contract), and won the 3rd trade (2 contracts). So, I made $235...

 

Still got a bunch of back testing to do! :roll eyes:

3twenty6.thumb.jpg.bdd3a8e26b3548e5f739b81fde4975f9.jpg

Edited by Jugador
Incorrect info

Share this post


Link to post
Share on other sites
Well, you can't really blame folks for being suspicious. There are a lot of unscrupulous people out there. :roll eyes: It sounds like your not sure what Ninjatrader is. It is a software. I saw a link the other day here on this site. It's free to evaluate, so check it out. :cool: Thanks for the applause! :haha:

 

 

 

Well, I shifted my attention the last few days. I've been focusing on "position sizing strategies". Here's one I kinda like... I start with 1 contract, if it's a winner, I trade 2 on the next trade. If it's a winner, I start over and go back to 1.

 

If the 2nd trade (2 contracts) loses, I still go back to 1. I quit if I lose 4 trades in a row. The sequence is 1,1,1,2. Basically, what I'm looking for is back-to-back winners. If I can get 1 back-to-back winner before I lose 4 in a row, I have a profit. If I lose 4 in a row, I lose $625 (minus any profits) and call it a day.

 

Here's a screenie from this morning. I lost the 1st trade (1 contract), and won the 2nd trade (1 contract), and won the 3rd trade (2 contracts). So, I made $235...

 

Still got a bunch of back testing to do! :roll eyes:

 

very good fib progression ( aka snowballing) From FF

Share this post


Link to post
Share on other sites

Sounds like you are on the right track with looking at money management strategies. You can take something pretty marginal and show a profit with good MM. In fact that was really the heart of the original turtle system, starting small on a break out and pyramiding fairly aggressively. The signal was pretty much an x day breakout (from memory) nothing sophisticated.

 

Something else occurs to me.... essentially you are fading the turtle system right? You might want to look for something called 'Turtle Soup' and I think there is even a 'Turtle Soup +1'. It was a system (by Linda Bradford Raschke I believe) that does just that (fade turtles). I imagine that might be pretty interesting to you. Might be in her street smarts book which is (unusually) a book I don't have!

Share this post


Link to post
Share on other sites
You can take something pretty marginal and show a profit with good MM. In fact that was really the heart of the original turtle system, starting small on a break out and pyramiding fairly aggressively. The signal was pretty much an x day breakout (from memory) nothing sophisticated.

 

Yeah, I'm pretty convinced MM is key. Yeah, the entry signal was just a simple breakout of the Donchian channel. On System 1, it was a 20 period, and on System 2, it was a 55 period.

 

 

Something else occurs to me.... essentially you are fading the turtle system right? You might want to look for something called 'Turtle Soup' and I think there is even a 'Turtle Soup +1'. It was a system (by Linda Bradford Raschke I believe) that does just that (fade turtles). I imagine that might be pretty interesting to you. Might be in her street smarts book which is (unusually) a book I don't have!

 

Right...I was fading the signals. On a typical "average range" day, you can make a bundle. It's that occasional trendy day that kills ya. :rofl: The Turtles had a strategy (it's in the pdf I gave a link to) called "The Whipsaw". Those signals are fun to fade on a choppy typical range day.

 

I believe the Turtle System works (even intraday) if you can stomach the drawdowns. But, I'm afraid my personality isn't very well suited to that style. :hmpf:

 

I'm googling Linda's "Turtle Soup", now. Thanks! :cool:

Share this post


Link to post
Share on other sites

Jugador,

 

A few posts back you mentioned your fib serious for position sizing:

 

Well, I shifted my attention the last few days. I've been focusing on "position sizing strategies". Here's one I kinda like... I start with 1 contract, if it's a winner, I trade 2 on the next trade. If it's a winner, I start over and go back to 1.

 

I was wondering how this has been working for you?

Share this post


Link to post
Share on other sites
Jugador,

 

A few posts back you mentioned your fib serious for position sizing:

 

 

 

I was wondering how this has been working for you?

 

Hi...Well, as some of the guys here could have probably guessed, it didn't work so great. The problem was, a couple of losers ($625) in a row wiped out my (smaller) winners. :roll eyes:

 

So, I've shifted my attention back to trying to catch a trend with The Whipsaw strategy. I lost $500 yesterday and $500 today. But, I'm not gonna be tempted to fade the signals and take $500. I'm gonna stick with it until I catch a good up or down day.

 

And, if that don't work, I'm gonna go on Ebay and see if I can get a good crystal ball! :rofl:

Share this post


Link to post
Share on other sites

Sorry to hear about that. I guess a general rule is to have your losses not be out of proportion to your wins. Unless your system is very accurate with a high win ratio. I’m working on incorporating a running into my EC scalping. I think your suggestion on the position size is a good idea. That is, when I do trade two contracts the second will act as a runner.

Share this post


Link to post
Share on other sites

Jugador, I'm pretty much at the same stage you're at - just starting out. I know I'm stating the obvious here but any system will work on some days but not others. What I find myself doing is on the days when my system doesn't work (non-trending) is looking at other indicators or other time frames trying to find the holy grail that works all or most of the time. Funny because I know there's no such thing but somehow the search calls out to me. I've come to realize that although it's called day trading I must not get caught up too much on daily results and focus on the bigger picture (monthly) results. Over the course of a month does my system produce the results desired or needed. If yes, then just keep trading that system with extreme discipline and never stray from the rules. :2c:

Share this post


Link to post
Share on other sites

I've heard a lot of expressions about how you feel when you know the hammer is comming down on your account, but this one is the funniest one I've heard in a long time...."Enter a newbie trading live....and it's sweaty palms....jumpy mouse finger....pounding heart....and eyes darting around like someone that dropped the soap in a prison shower.".....You hit the nail on the head!!!! Thanks for the laugh Freeflyva!!!

Share this post


Link to post
Share on other sites
Actually I always though the whole point of that expression is that you have to walk the walk before you talk the talk. Seems you might have put the cart before the horse.

 

The figures don't look too bad having said that. I would say you are in a dangerous position right now. Firstly sim is pretty different to when money is at risk. The real big issue is that it seems like you are setting yourself up for is this:- If you win from the start when you get the inevitable drawdowns it is far far more difficult to deal with emotionally. This happened to me. I did extra ordinarily well when I first started trading I grew a small account to six figures over a few months in a statistically significant way (it wasn't luck). However some how I lost the thread and never have been able to capture the same mental state that I had in those early days.

 

One of the trading psychologists (maybe Elder haven't read him for years) asserts that early wins can be far more dangerous than early losses. I would have to agree.

 

Thanks for Sharing this. It's very true!

On the other side, early lost could also result in trauma and never want to go back trading. So watch start small is the key, don't be greedy, don't lose hope, but at the same time don't be too cocky.

Share this post


Link to post
Share on other sites
Sorry to hear about that. I guess a general rule is to have your losses not be out of proportion to your wins. Unless your system is very accurate with a high win ratio. I’m working on incorporating a running into my EC scalping. I think your suggestion on the position size is a good idea. That is, when I do trade two contracts the second will act as a runner.

 

100% Swans - that general rule is a huge realization I think and when, as a trader, you realize that minimizing each loss is 10x more important than maximizing each gain then I think you can really turn a corner in this game!

Share this post


Link to post
Share on other sites
Enter a newbie trading live....and it's sweaty palms....jumpy mouse finger....pounding heart....and eyes darting around like someone that dropped the soap in a prison shower.

 

. . . The market lets everyone win at the beginning. It likes to let you win until you get overconfident and trade more contracts. Then it's time for the Kleenex and the antacids as you scream yourself to sleep in the fetal position. At that point you'll truly understand the meaning of regret. That is....once the imodium kicks in. It is then....that your journey will begin.

 

rotlmao . . . old post but great

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • Date: 8th April 2025.   Markets Rebound Cautiously as US-China Tariff Tensions Deepen     Global markets staged a tentative recovery on Tuesday following a wave of volatility sparked by escalating trade tensions between the United States and China. The Asia-Pacific region showed signs of stability after a chaotic start to the week—though some pockets remained under pressure. Taiwan’s Taiex dropped 4.4%, dragged lower by losses in tech heavyweight TSMC. The world’s largest chipmaker fell another 4% on Tuesday and has now slumped 13.5% since April 2, when US President Donald Trump first unveiled what he called ‘Liberation Day’ tariffs.   However, broader sentiment across the region turned more positive, with several markets rebounding sharply after Monday’s dramatic sell-offs. Japan’s Nikkei 225 surged over 6% in early trading, rebounding from an 18-month low. South Korea’s Kospi rose marginally, and Australia’s ASX 200 gained 1.9%, driven by strength in mining stocks. Hong Kong’s Hang Seng rose 1.6%, though still far from recovering from Monday’s 13.2% crash—its worst day since the 1997 Asian financial crisis. China’s Shanghai Composite added 0.9%.   In Europe, DAX and FTSE 100 are up more than 1% in opening trade. EU Commission President von der Leyen repeated yesterday that the EU had offered reciprocal zero tariffs on manufactured goods previously and continues to stand by that offer. Others are also trying again to talk to Trump to get some sort of agreement that limits the impact.   Much of the rally appeared to be driven by dip-buying, as well as hopes that the intensifying trade war could still be defused through negotiations.   China Strikes Back: ‘We Will Fight to the End’   Tensions reached a boiling point after Trump threatened to impose an additional 50% tariff on all Chinese imports unless Beijing rolled back its retaliatory measures by April 8. ‘If China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow... the United States will impose additional tariffs on China of 50%,’ Trump declared on social media.   If implemented, the new tariffs would bring total US duties on Chinese goods to a staggering 124%, factoring in the existing 20%, the 34% recently announced, and the proposed 50%.   In response, China’s Ministry of Commerce issued a stern warning, stating: ‘The US threat to escalate tariffs is a mistake on top of a mistake... If the US insists on its own way, China will fight to the end.’ The ministry also called for equal and respectful dialogue, though signs of compromise on either side remain scarce.   Beijing acted quickly to contain a market fallout. State funds intervened to support equities, and the People’s Bank of China set the yuan fixing at its weakest level since September 2023 to boost export competitiveness. Additionally, five-year interest rate swaps in China fell to their lowest levels since 2020, indicating potential for further monetary easing.   Trump Talks Tough on EU Too   Trump’s hardline approach extended beyond China. Speaking at a press conference, he rejected the European Union’s offer to eliminate tariffs on cars and industrial goods, accusing the bloc of ‘being very bad to us.’ He insisted that Europe would need to source its energy from the US, claiming the US could ‘knock off $350 billion in one week.’   The EU, meanwhile, backed away from a proposed 50% retaliatory tariff on American whiskey, opting instead for 25% duties on selected US goods in response to Trump’s steel and aluminium tariffs.     Volatile Wall Street Adds to the Drama   Wall Street experienced wild swings on Monday as investors processed the rapidly evolving trade conflict. The S&P 500 briefly fell 4.7% before rebounding 3.4%, nearly erasing its losses in what could have been its biggest one-day jump in years—if it had held. The Dow Jones Industrial Average sank by as much as 1,700 points early in the day but later climbed nearly 900 points before closing 349 points lower, down 0.9%. The Nasdaq ended up 0.1%.   The brief rally was fueled by a false rumour that Trump was considering a 90-day pause on tariffs—rumours that the White House quickly labelled ‘fake news.’ The market's sharp reaction underscored how desperate investors are for any sign that tensions might ease.   Oil Markets in Focus: Goldman Sachs Revises Forecasts   Crude prices also reflected the uncertainty, with US crude briefly dipping below $60 per barrel for the first time since 2021. As of early Tuesday, Brent crude was trading at $64.72, while WTI hovered around $61.26.   Goldman Sachs, in a note dated April 7, lowered its average price forecasts for Brent and WTI through 2025 and 2026, citing mounting recession risks and the potential for higher-than-expected supply from OPEC+.       Under a base-case scenario where the US avoids a recession and tariffs are reduced significantly before the April 9 implementation date, Goldman sees Brent at $62 per barrel and WTI at $58 by December 2025. These figures fall further to $55 and $51, respectively, by the end of 2026. This outlook also assumes moderate output increases from eight OPEC+ countries, with incremental boosts of 130,000–140,000 barrels per day in June and July.   However, should the US slip into a typical recession and OPEC production aligns with the bank’s baseline assumptions, Brent could retreat to $58 by the end of this year and to $50 by December 2026.   In a more bearish scenario involving a global GDP slowdown and no change to OPEC+ output levels, Brent prices might fall to $54 by year-end and $45 by late 2026. The most extreme projection—based on a simultaneous economic downturn and a full reversal of OPEC+ production cuts—would see Brent plunge to below $40 per barrel by the end of 2026.   Goldman noted that oil prices could outperform forecasts significantly if there was a dramatic shift in tariff policy and a surprise in global demand recovery.   Cautious Optimism, But Warnings Persist   With both Washington and Beijing showing no signs of backing down, markets are likely to remain volatile in the days ahead. Investors now turn their attention to upcoming trade meetings and policy decisions, hoping for clarity in what has become one of the most unpredictable trading environments in recent years.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • CVNA Carvana stock watch, rebound to 166.56 support area at https://stockconsultant.com/?CVNA
    • CVNA Carvana stock watch, rebound to 166.56 support area at https://stockconsultant.com/?CVNA
    • CVNA Carvana stock watch, rebound to 166.56 support area at https://stockconsultant.com/?CVNA
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.