Scalping the HSI & the K200 (SIM)

[CanOz]

Basically i look for low risk setups and move to B/E as soon as I can.
I get stopped at B/E quite a bit
BUT my Reward to risk is high.

This is a good idea for retail traders using 1 car i reckon.

CanOz

 

[tech/a]

Guess that's me then.
Every now and again I'll add some cars.

Where's the term "Cars" come from.
Does T/H trade ships?

 

[CanOz]

Guess that's me then.
Every now and again I'll add some cars.

Where's the term "Cars" come from.
Does T/H trade ships?

It comes from the old days in the pits and Agricultural futures, freight cars....

CanOz

 

[Trembling Hand]

Where's the term "Cars" come from.
Does T/H trade ships?

No one day I'd like to trade an Island....

Some time away though....... if ever!

 

[tech/a]

Closed my little VW for a 10 tick + 6037

Boring so up to TV now the reality shows are over!

 

[boofis]

The most encouraging frustrating morning ever.
Start the day in sim and take one of the tight range setups, manage the trade well and it executes perfectly.
Now at 122 open ticks...SIMULATION! !!!!
GHASHWLEF:OIWIEJ:OIWE:OIVW:OEIVJO:IWV:OIJWOI:JVWVEJOI:!

 

[boofis]

:1zhelp: :freak3:

 

[CanOz]

lol....what happened junior?

 

[boofis]

lol....what happened junior?

Sold 254, guess where my stop was :cussing: ****
This **** is bad for your health, bank account, social life, GAH beer time. **** you markets.

 

[CanOz]

Sold 254, guess where my stop was :cussing: ****
This **** is bad for your health, bank account, social life, GAH beer time. **** you markets.

Yup, sometimes you just got to walk away....utthedoor:

 

[boofis]

Yup, sometimes you just got to walk away....utthedoor:

heh true that.

Well it was a nice night off and I'm back into it this morning with just as much foolish enthusiasm as every other day

The biggest lesson learnt yesterday is just to be very aggressive when you actually see your setup forming instead of being aggressive when trying to get a trade cause you missed out on some good winners and the missus car rego is due.

I hope if nothing else this thread serves as an insight into the process of trying to become a 'trader' and possibly deter anyone who wants to become a fulltime trader :

 

[boofis]

Update.

Still trading the seng everyday and simming every chance I get.
Some things I've improved on/changed from reading Cambridge Handbook of Expertise and Expert Performance:
1. I now replay the morning session during lunch break and look where I traded and just observe what's actually going on.
2. Trying not to have anything else open on the computer, or on my mind, while trading, as attention and working memory are two processes most taxed in the early stages of learning "X".
3. Have been far more aggressive on entries but not taking as many also.
4. Have all the food and water I'll need for the session next to the desk so I don't leave for any silly things.

And trading specific:
Pro - Entries are better
Con - Not consistently picking up what kind of day 'type' it's going to be early enough.

Will post progress as progress comes, the journey of a thousand miles..

 

[kid hustlr]

Post some set ups!

Don't have to give away all your secrets or anything but a healthy discussion of the trades you are taking would surely be a good thing?

 

[boofis]

Post some set ups!

Don't have to give away all your secrets or anything but a healthy discussion of the trades you are taking would surely be a good thing?

Haha alright, I'll see whether any pop up this session.

 

[boofis]

Haha alright, I'll see whether any pop up this session.

Hmmm, prob won't post any from today, poor poor poor day after a real encouraging day yesterday, it seems everytime I make some good progress the next day just becomes a huge **** up, which I definitely have to correct. Guess it's just the overconfidence, start throwing orders in silly silly silly. Slow and steady.

 

[boofis]

Hmmm, prob won't post any from today, poor poor poor day after a real encouraging day yesterday, it seems everytime I make some good progress the next day just becomes a huge **** up, which I definitely have to correct. Guess it's just the overconfidence, start throwing orders in silly silly silly. Slow and steady.

It's a terrible thing to review the **** out of your losing days and discover that every single trade you took was just rubbish. That is where a false sense of confidence will get you, (Gringotts Bank, the proof is in this pudding regrettably) I had a ****ing tip tops attitude this morning after a great day yesterday, and wallah, took stupid trades, the monies did not flow into my wallet, but out of it.



The purple dots are my entries, the black lines are roughly where I either got stopped out or had a good winner.
Comparing all of the patterns to my trades today, I should not have taken any of these, not one single trade. :frown: What an idiot!

For KidHustlr, here's a 'setup' I'm looking for and traded about as perfect as I have gotten it (this was in SIM to be clear) ...

 

[CanOz]

It takes a lot of heart to examine yourself when the open cuts are still bleeding...well done.

Difficult to relate to your first chart, are the entries long or short, or am i missing something?

Second chart, to me that setup is really solid, well executed.

In all honestly, i don't reckon anyone has any business trading futures live until they have a proven statistical edge from Sim Trading to apply, otherwise its a mighty expensive lesson on the account balance, and the emotional balance sheet. Spoken from hindsight.

CanOz

 

[Trembling Hand]

The purple dots are my entries, the black lines are roughly where I either got stopped out or had a good winner.

You cannot tell if they are shorts or longs and therefore good trades or really dumb!

 

[boofis]

Re: Scalping the HSI & the K200 (SIM)

Sorry, slight oversight on my behalf, bit different when you've got the trade log next to you.
Updated: sorry, I'm really going for the stone age feel, I should get a bit more clarity on these things.


- - - Updated - - -

In all honestly, i don't reckon anyone has any business trading futures live until they have a proven statistical edge from Sim Trading to apply, otherwise its a mighty expensive lesson on the account balance, and the emotional balance sheet. Spoken from hindsight.

CanOz

Maybe, and maybe I'm young and stupid. But I'm trading sim and doing replay sim aswell as everything I'm doing live, so surely this will speed up the learning curve.

 

[CanOz]

Re: Scalping the HSI & the K200 (SIM)

so surely this will speed up the learning curve.

this must add some psychological pressure....