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.

brownsfan019

Trader P/L 2009

Recommended Posts

3 trades thus far - all short - and all losers. Not great set ups - but certainly not dogs either. Just didnt work. Good thing - I stuck to my exits.

 

So dont feel bad - you have company. (By the way - Nice trades earlier Brownsfan !! Love how you are packed up and done in a couple hours!)

 

Of course I saw one nice set up - and didnt get the limit fill - then took it off the table - only to have the market come back and hit the # again when I wasnt by the computer.

 

Of course - it looks like that one is gonna be a nice trade (891.25 to target of 898) Nice to sid idly by - and watch it - with zero money in the trade.

 

Will hang in there and see if something sets up this afternoon. :missy:

 

P&L later - but it is likely gonna be red today.

Share this post


Link to post
Share on other sites

I feel your pain all my losses where shorts and to rub it in I got stopped out on a huge loss at the high before it turned and of course it went down under my short . :angry:

Share this post


Link to post
Share on other sites

Tams...couldnt be more right. Sometimes I let the internal bear in me (love being short more than being long) move me into taking some counter-trend trade.

 

The one set up I had for long (that I missed - see above) just hit its first target.

Probably no coincidence that it was in the direction of the trend.

Edited by MCM

Share this post


Link to post
Share on other sites
(By the way - Nice trades earlier Brownsfan !! Love how you are packed up and done in a couple hours!)

 

Just wanted to comment on that MCM - after many years and thousands of dollars, I've come to realize a few things:

1) I am not good a trading all day

2) My system is also not good trading all day

3) Trading for me is a means to an end, so I don't need to be there from 8am-4pm EST

Took me a long time to get there, but now I can go in hard in the AM (when a lot of moves occur), get out and move on w/ my day. Based on this idea, I'd much rather go in hard (ie use leverage) on 1 or 2 quality setups per market than trade all day but using less leverage. If the markets moved all day like they do in the AM, I might trade all day again. But they don't. In my eyes, the markets have 3 cycles in them each day - meaning:

 

CYCLE 1
: AM session (8am-Noon) = moves will more than likely occur whether from overnight orders hitting the books, overnight news forcing the hands and/or econ news ranging from 8am-1000am. In other words, PLENTY of reason for the markets to move in cycle 1.

 

CYCLE 2
: Lunch session (Noon-2pm) = many choppy areas, but could also provide the occasional move. In other words, it might move or might chop.

 

CYCLE 3
: PM session (2pm-4pm) = similar movements as lunch, meaning chop is very common, but also can see some monster moves as well. In other words, you might catch some giant moves or you might get chopped.

 

So looking at that analysis, I said - why bother trading cycles 2 or 3? What's the point? If I know moves will almost always occur in cycle 1, maybe I should just focus on cycle 1.

 

And that's where I am today. I should expand on this more some time when time permits.

Share this post


Link to post
Share on other sites

Clicking my mouse in the hot sun

 

I fought the trend and the trend won

I fought the trend and the trend won

 

I needed money cause I lost some

 

I fought the trend and the trend won

I fought the trend and the trend won

 

I lost my money and it feels so bad

Guess my trading is done

It was the worst run I ever had

 

I fought the trend and the trend won

I fought the trend and the trend won

 

**** I'm down 896 on 20 trades, was down $1200. Made stupid countertrend trades all day and just happened to pick the ones with no meat. Gap didn't fill , no big sell off after the close, should have jumped on the trend when it was obvius this morning, but shoulda coulda doesn't pay the bills, these are my worse days. I always think How much higher can it go, :doh:

I no the answer as high as it wants. The funny thing is taking a pullback is less risky then countertrending, so yes today i fought the trend and trend won. I am now 100% wrong when i fight the trend. lol.

Share this post


Link to post
Share on other sites

Two left feet today during the dance. Someone remind me why hindsight is 20/20 and foresight can be blindingly impossible some days.

 

Walked in with the wrong thoughts - and didnt respond to the first 30 minute push which should have suggested a strong trending day to me. And I just kept pushing against it.

 

In the spirit of finding the good for the day

1) Didnt let any of the losses run past their original stops

2) Didnt chase any entry late in the day - which (in hindsight) would have made money - but for all the wrong reasons. Hope that pays dividends somewhere down the line.

 

 

Reset for Thursday - my next trading day due to other committments.

 

Thanks for the wisdom Brownsfan019. Since I am still < 6 months into this - still OK with spending some time watching the market. But certainly appreciate there are some times to stay out of the chop. But eventually would like to move towards your methods of finding the first quality moves - trading them - and being done

 

P

5aa70ecca58e2_5-4-20091-29-56PM.thumb.jpg.52fc6aad928f6cd8d751079f76088900.jpg

Share this post


Link to post
Share on other sites

I fought the trend and the trend won

I fought the trend and the trend won

 

I think there was an old Clash song:

 

I fought the law and the law won.

...

 

I have done my sim trades today after implementing the last days

and even up until the RTH started. Well the beginning was OK,

but then I said to myself, that now would be time to quit.

Anyway, I traded on and felt in this counter trend mode too, and even more worse, I toggled short, long, short, long.

In real I would have ended with a big loss, based on many "small losers".

 

I guess it is partly a mental thing: Impatience, greed, and fear.

Once I recognize my mistake. Then it will be different.

 

I think, I am my worst enemy.

Maybe, I have just to find my peace.

 

Relax, open my eyes, open my mind.

The pictures are there, which are showing

 

the law of the market.

 

Up and down and up and ...

 

Just wait until it fits.

 

It might be so easy.

Share this post


Link to post
Share on other sites

Hi folks,

 

I don't trade everyday, but I'll join in when I do. I'm a cut 'em or run' em kind of trader. If a trade doesn't go my way quickly, I'm out. If it does move my way, I let her run with a trailing stop.

 

In reference ot Brownsfan's post above, I traded from 1:30 PM to 3:30 PM EDT today. I do not typically initiate trades between 11:30 AM and 1:30 PM. I rarely trade premarket. If I trade it is either 9:30 AM - 11:30 AM or 1:30 PM - 3:30 PM, and sometimes, though rarely both of those sessions.

 

Best Trading to You,

 

Thales

5aa70eccb0e03_5-4-2009Trades1.jpg.eeeac97ecfff57d04f8942917c74a24e.jpg

Edited by thalestrader

Share this post


Link to post
Share on other sites
....

 

So looking at that analysis, I said - why bother trading cycles 2 or 3? What's the point? If I know moves will almost always occur in cycle 1, maybe I should just focus on cycle 1.

 

And that's where I am today. I should expand on this more some time when time permits.

 

If you get no setups during that morning session (maybe this never happens when you're watching multiple instruments, I have no way of knowing), would you rather take it as a flat day or trade into the afternoon?

Share this post


Link to post
Share on other sites
I think there was an old Clash song:

 

I fought the law and the law won.

...

 

 

They covered it, Sonny Curtis and The Crickets was the original, but the best....

 

[ame=http://www.youtube.com/watch?v=CPXnoLAEUSQ]YouTube - Bobby Fuller I fought the law[/ame]

 

 

Sorry to interrupt, back to trading.......

Share this post


Link to post
Share on other sites
If you get no setups during that morning session (maybe this never happens when you're watching multiple instruments, I have no way of knowing), would you rather take it as a flat day or trade into the afternoon?

 

So far diablo, I've gotten setups every morning BUT that's b/c I am watching a few currencies, bonds and oil.

 

In the rare instance where nothing triggers, nothing triggers. I do not initiate any new positions after 12pm EST. Zero. Zilch. Nadda. Reason outlined above.

Share this post


Link to post
Share on other sites

nicely done brownsfan019!

 

It looked like we might have some moves today in GBP/USD after breaking above 5062.

Instead, we were chopping wood with a bit of upside bias until about 9:30am.

Some of the risk event later in the week might curb any fresh positions.

 

picture.php?albumid=25&pictureid=37

 

The good: nothing today

 

The bad:

- trade 2 was an impulsive trade.

- trade 3: I could've split up the position in half, cover one and trail the other. I shorted 5145 around 9:20am.

- I missed on a trade later in the morning. Why? I got bored and started browsing, espn ... That's unacceptable and disrespectfully to my boss, the market!

 

Good Luck.

Share this post


Link to post
Share on other sites
They covered it, Sonny Curtis and The Crickets was the original, but the best....

 

I didn't knew that, thanks for sharing.

 

 

But now back to sim trading.

 

I switched to the ES, because I think it is behaving somehow "cleaner" as the NQ.

 

Today I used my new charts. So I don't know what my results are worth.

I try to reduce the number of my decision points and my other problems.

But what a choppy day.

 

Anyway, here are my results:

 

attachment.php?attachmentid=10477&stc=1&d=1241554843

 

And for fun, I have also attached the chart I have used today.

ES-05.05-Demo.png.76f5bec0ccda2fad24f78bab5249f6db.png

ES2000t-VWAPS.thumb.png.437b5cefe62aaffc975f4255dc087c41.png

Share this post


Link to post
Share on other sites
I didn't knew that, thanks for sharing.

 

 

But now back to sim trading.

 

I switched to the ES, because I think it is behaving somehow "cleaner" as the NQ.

 

Today I used my new charts. So I don't know what my results are worth.

I try to reduce the number of my decision points and my other problems.

But what a choppy day.

 

Anyway, here are my results:

 

attachment.php?attachmentid=10477&stc=1&d=1241554843

 

And for fun, I have also attached the chart I have used today.

 

HAL9000,

With Button Trader are you able to scale into positions where it averages the price (when I tried the demo it opened a new separate, non-averaged trade at each price level I bought/sold) If you can scale with it averaging please point me in the direction of a source that teaches this. I loved everything about BT except this.

 

Thanks in advance.

Share this post


Link to post
Share on other sites

Hi bathrobe,

 

Yes you can do that in BT. It will open a separate order line, but you can join them and that will reflect the average price. By opening a separate order line, this gives the trader the flexibility to easily remember where their original entry was and then scratch it out. You can switch between these two views when you scale-in by using the split and join feature. I haven't used BT in a couple years, but search the reference doc to see what I mean.

 

All my best,

MK

Share this post


Link to post
Share on other sites
Hi bathrobe,

 

Yes you can do that in BT. It will open a separate order line, but you can join them and that will reflect the average price. By opening a separate order line, this gives the trader the flexibility to easily remember where their original entry was and then scratch it out. You can switch between these two views when you scale-in by using the split and join feature. I haven't used BT in a couple years, but search the reference doc to see what I mean.

 

All my best,

MK

 

 

Thanks so much for your help.

Share this post


Link to post
Share on other sites

sorry I didn't post last Thurs or Fri. Just got smashed on my sim on Thurs and Fri wasn't much better. But Monday I did better on my sim $450. But today I traded for real, 5 trades for a grand total of $37.50 minus 22.50 cost of trade net $15.00 Woo Hoo lol lol

 

Very choppy day, my ema's were all tied up... when I did get a decent signal they just wouldn't run for me and I either got stopped out at even or just a quarter point.

 

No but seriously just to have put on real trades is huge for me. I'm actually really happy and looking forward to tomorrow.

 

Outstanding Brownsfan..... so is your longer term plan to simply buy more contracts on the same signals and thereby make more money on the same performance. It seems to me that your plan is working just fine. Let me ask you do you want to be right more often or simply make more money...... we are doing this to make money... right... lol

 

Anyways 100% in sixty days is outstanding in anybody's book.

Share this post


Link to post
Share on other sites

 

Outstanding Brownsfan..... so is your longer term plan to simply buy more contracts on the same signals and thereby make more money on the same performance. It seems to me that your plan is working just fine. Let me ask you do you want to be right more often or simply make more money...... we are doing this to make money... right... lol

 

Anyways 100% in sixty days is outstanding in anybody's book.

 

Robert - I am in my 'longer term' plan, which is trade more size. No point of forcing trades and it's been working so far by focusing on my best setup, which normally appears in the AM. The setup itself does appear later in the day, but as I said in a previous post, there's a 50/50 chance that there will be enough momentum behind it to make it worthwhile. So the plan is just trade more and more size. What I am posting here is a snapshot from 1 account that started at $10k. I trade more than this 1 account, but I am using this 1 for purposes here.

 

The only addition I could see myself doing is trading a little longer. Today was a day where if I kept going about till about 11am or so, there were other moves that that could have been taken. Problem is that after the first initial move, it's hit and miss whether or not another move will occur before 12pm (which is the latest I will trade). Basically on days where you see a \/ or /\ formation from 8am-Noon, I could have made more. On days where you see the first leg of the \ or / and nothing else, it's a good thing I stopped.

 

From there the only other consideration would be exits. At times I can time the exit nicely and other times, I say 'woulda, coulda, shoulda'. At times just trailing behind some candles or something catches a huge move; other times getting out at my current predefined exits look very timely in hindsight.

 

So all in all, I'd probably say that the exits could change - perhaps get most out like I do now and maybe a trailer or something. But that's down the road b/c the account isn't large enough to be trading multiple contracts in multiple markets, possibly simultaneously.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. 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.   Michalis Efthymiou 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.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

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