Johnny Utah
Well-Known Member
Anyone have a line on anti-drone software firms?
A refined passion. Let's share your day trading strategies that work.
- Thread starter Dave Taylor
- Start date
Dave Taylor
Rex kwan Do
Three separate ES futures trades. 2 of them before market open. One near the close. 3 contracts with stops set. Never had more than $375 drawdown. $900 or 6 pts was my max risk.
Mahnken
Well-Known Member
Haven't had a chance to sit at the computer the last week or two, too busy, too much going on. Took two quick trades this morning on NQ. I like plays of the 100 level for scalping. Couple quick one minute trades. 
I've been trading scared lately so the time off has been nice. Might call it a day here and get ready to get back into it next week, or the new year.
I've been trading scared lately so the time off has been nice. Might call it a day here and get ready to get back into it next week, or the new year.
Mahnken
Well-Known Member
I've never actually gambled. Not even slots. It has never interested me.
krink
Eddie Munster
what platform is this?
Mahnken
Well-Known Member
TopstepX. It's a prop firm. I use them for futures trading to minimize my risk.
Mahnken
Well-Known Member
Kinda wish I didn't lock up the live account for futures. Market is on easy move today.
He's all the trades I took in the practice account, I usually shut everything down around 11. So now I'm gonna go find something else to do.
Not gonna lie and say I would've had the same results in the live account, emotions aren't nearly as big of an issue with fake money. But the opportunities are great today, so would've been close.
He's all the trades I took in the practice account, I usually shut everything down around 11. So now I'm gonna go find something else to do.
Not gonna lie and say I would've had the same results in the live account, emotions aren't nearly as big of an issue with fake money. But the opportunities are great today, so would've been close.
Dave Taylor
Rex kwan Do
Basically pick your trade vehicle and what moving averages work for you and trade. Never made $7k at any casino.
Mahnken
Well-Known Member
Not sure what I was thinking this morning. Made a few trades outside the parameters of my system at open and paid for it. Was -$1200 at one point and had to use a 30 minute lockout to get my mind right as I was on a clear path of destruction. Once the timer was up I reset my focus and made a couple decent trades to get back to break even but I could tell fear was starting to control my trades (aggressive stops that often get hit at break even instead of waiting for the move... chasing entries late instead of taking them at the ideal time...etc.) and decided to end the day here, lol.
Dave Taylor
Rex kwan Do
It was a slow grind down today but it worked.
Dave Taylor
Rex kwan Do
My buddy had accumulated 2000 TSLA shares since 2016. He sold puts and calls to build it up. Just sold 85% when it dipped below 475 a few weeks ago. Studying something for so long really helps you understand it.
Dave Taylor
Rex kwan Do
Was a good week. Kept losses small.
Dave Taylor
Rex kwan Do
I've also changed things up a bit. With trading you always need to analyze your trades, good and bad. I've tried different ema bundles out and while my short term direction was generally good I was often trading against the trend. I went from using the 8/21/50 emas on the 15 min time frame (can still work) to the 13/48/200 on a 2 min time frame. Most of my trades are under an hour and always under a day. I only take a trade long if the 13 is above the 48 is above the 200 and short the opposite.
Dave Taylor
Rex kwan Do
I'm always trying to refine things. To find an edge. My best performance was last February-June. I basically scalped using options/futures and flipped a small account into about a 500% return. I changed things up and proceeded to give a bunch back. I decided to go back to roots and start from scratch. I firmly believe if you can do what I did you can get rich fast. I pulled all of my money out of my futures account started back with $75. Closing balance today, about 7 trading days later is $425ish. I had a couple minor losses but I used stops on every trade so losses will be small. I solely traded off price action and the13/48/200 eras.
Dave Taylor
Rex kwan Do
This was today. Correction, account is $475 now.
