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My Trading Quest - Profitability in 90 days!


Hi Everyone,

I am new to this forum and would like to journal my journey for a new trading quest I have been thinking about for a long time.

I have been trading on and off for over 20 years and I have many scars to prove it. Recently, I became a funded trader with Topstep Trader using my own scalping system on US 30 Year Bonds. In the past I have traded Futures and Forex manually and with my own coded systems.

I have completed many trading courses and seminars. Most of the time I could not replicate their results! They often promise the world but most do not deliver.

Like most of us, I have been burned by these trading companies.

It is time to test these trading companies and see who can deliver.

My journal will track my progression:
  • I will explain why I chose the courses on the short list and why I chose the first one to test.

  • Right through to setup, back-testing, live trading and hopefully to profitability

  • I will explain what works and what doesn't

  • I will not be sharing anything that is proprietary to the company


My goal is to see if I can become profitable in 90 days.

If I fail, then I will start again with another 90-day challenge ... until I find a profitable course.

I would love it if people have questions or can suggest things along the way.

If anyone would like to suggest a trading course to add to my list, I would appreciate it.

I am NOT associated with any Trading Company.

I am excited to share my journey and my results with you.

Come along with me on My Trading Quest!

Cheers
Garry
Rising Trailing Max Drawdown Explained

With the Leeloo evaluation, it is critical to understand the "Rising Trailing Max Drawdown"

The (Rising) Trailing Max Drawdown is quantified and termed the Limited Trailing Minimum Account Balance (LTMAB). The max drawdown amount assigned to your particular Evaluation account (example- $2500 for 8 contract account), trails your OPEN equity, intra-trade. (NOT closed profit). It will NEVER stop trailing the highest UNREALIZED profit point of your account throughout the ENTIRE Evaluation.

An Example using the 8 contracts- $2,500 LTMAB):

When you start you can only lose $2500. Assume account balance of $50,000

At this time the account will be closed if the account balance is 50,000 - 2,500 = $47,500

If the first trade goes into profit during the trade eg +$100 is the highest amount in profit, even if the trade ends less or even with a loss. Let us assume you made a $50 profit.

At this point your account balance = 50,000 + 50 = 50,050 and your LTMAB = 50,000 + 100 = 50,100 minus your 2500 = $47,600.

It is always based on the intra-trade high.

Once you pass the evaluation and become funded they stop trailing the DD at just over your initial funded account amount.

You can check this amount at any time on the Rithmic dashboard.

Any questions please let me know.

Cheers
Garry
DAY 40 – Apex Sniper Trading Bootcamp – 1st Day of Funding evaluation …

Today is the first day of the Leeloo Funding Evaluation …

Actions I took:

  • Listened to the trading room for the first 30 mins of the US Open

  • Signed up with Leeloo for the evaluation and set it all up


Day 1 of Funding Evaluation

I set up the connections required for Leeloo. It was easy and I was all setup in under 20 minutes.

The setup uses Ninjatrader with Rithmic Trader Pro.

The starting balance was $50,000 with the DD limit of $47,500.

I placed 6 trades:

3 NQ trades – 3 winners (+$135.00)
3 ES trades – 2 winners and 1 loss (+135.00)
Total Profit $270.00.

Trade 1 – NQ Long Divergence Trade (Profit +$45.00)

The trade was valid.




Trade 2 – Valid NQ Short DTX and Enhanced Trade (Profit +$45.00)




Trade 3 – NQ Long DTX Trade (Profit +$45.00)



I did not trade ES as well as I did NQ!

Trade 1 – Valid ES Short Enhanced + Trend Trade (Loss -$5.00)

The trade was a valid trade but I managed it poorly. This was my first trade and I set the profit on the Dom at 10 ticks when it should have been 8.

The trade hit my proper target and then retraced back to the entry and kept bouncing around the entry price. It was like pulling teeth!!! Slooooow. So I moved the stop to BE and was stopped out. As you can see the trade then went to profit +.



ES Trades 2 and 3

Trade 2 Valid Enhanced LongTrade Profit + $45.00

Again the slow price action affected my judgement and I moved the profit target closer.

Trade 3 Valid Trend ShortTrade Profit + $95.00





The following is the trades from the NT7 Summary Panel





Potential trades for Friday – ES and NQ







Rithmic Overview




I will report back tomorrow on my progress and any lessons I learn

Disclaimer

I am not affiliated with any of these companies.
DAY 40 – Apex Sniper Trading Bootcamp – Day 2 of Funding evaluation …

Today is the second day of the Leeloo Funding Evaluation …

Actions I took:

  • Listened to the trading room for the first 60 mins of the US Open

  • Watched Darrell run through a day of trading in the first webinar for the week

  • Traded Day 2


Day 2 of Funding Evaluation

Both markets were fast and NQ appeared to have low liquidity. Traders were having slippage with entering and exiting on NQ.

I decided not to trade NQ and placed 2 trades with ES before the market did some big swings. I watched for a while and decided I had made a profit so why risk it in this type of market. My goal is to pass the funding evaluation and not blow up the account. After reviewing the market after the close, I was happy I stopped trading for the day.

I placed 2 ES trades:

2 ES trades – 2 winners (+190.00)

Total Profit for the Day $190.00

Total Running Profit for the Evaluation = $468.48 (2 days)

Trade 1 – Valid ES Short DTX and Enhanced Trade (Profit +$95.00)





Trade 2 – Valid ES Short Trend Trade (Profit +$95.00)



The following is the trades from the NT7 Summary Panel




Potential trades – ES and NQ






Rithmic Overview




I will report back tomorrow on my progress and any lessons I learn

Disclaimer

I am not affiliated with any of these companies.
DAY 42 – Apex Sniper Trading Bootcamp – Day 3 of Funding evaluation …

Today is the third day of the Leeloo Funding Evaluation and a crazy market…

Actions I took:

  • Listened to the trading room for the first 120 mins of the US Open

  • Traded Day 3


Day 3 of Funding Evaluation

NQ again had reduced liquidity. Traders were having slippage with entering and exiting on NQ.

ES was fast at times and very slow at other times.

I was trading ES and watching NQ. When the markets are working so differently I find that it can affect my decision making. On days like this, it would be best if I just focus on one market.

The list of potential trades is short. A few possible trades were left off the list as the market was moving too quickly. The list only includes trades I would expect to be able to enter.

I placed 2 ES trades and 1 NQ Trade:

2 ES trades – 2 winners (+190.00)
1 NQ trade – 1 loser (-110.00)
Total Profit for the Day $80.00

Total Running Profit for the Evaluation = $551.66 (3 days)

Trade 1 – Valid ES Long Trend Trade (Profit +$95.00)




Trade 2 – Valid ES Long Enhanced and Trend Trade (Profit +$95.00)



Trade 3 – Valid NQ Long Divergence Trade (Loss –$105.00)

The target was hit but not filled and it quickly hit my stop.



The following is the trades from the NT7 Summary Panel



Potential trades – ES and NQ






Rithmic Overview






I will report back tomorrow on my progress and any lessons I learn

Disclaimer

I am not affiliated with any of these companies.
DAY 43 – 45 – Apex Sniper Trading Bootcamp – Day 4 of Funding evaluation …

Day 43, Today is the fourth day of the Leeloo Funding Evaluation …

Actions I took:


  • Listened to the trading room for the first 120 mins of the US Open

  • Traded very badly on Day 4

  • Rested on Day 44 and 45


Day 4 of Funding Evaluation –Knowing when to quit and when to push

Day 4 was Friday and I did everything wrong. So let’s start from the beginning and see what lessons I can learn …

I am embarrassed to tell this story … but it helps me to go through it so I won’t do it again.

Every now and again I suffer from those lovely migraines where you lose your vision and then you have a really a bad headache for a number of days or more!! So Friday was my second in a week.

My vision came back in time for me to trade. So I assumed I could work through the headache to trade.

When I started to trade I was feeling fatigued but knew I would be fine.

I had forgotten to listen to Kenny Rogers song “know when to hold them and know when to fold them”

Lesson 1: Do not trade when fatigued, sick, or not at your best.

NQ again had reduced liquidity. Traders were having slippage with entering and exiting on NQ.

Both markets ranged in speed but could have been traded successfully.

I was trading ES and watching NQ.

Chop Trades

One of the lessons I have learned with this system and with ES (Not NQ), was when a certain type of chop forms on the chart then I do not trade in, out or back into that chop. Apex has a saying you need to take probability trades NOT possibility trades. Entering these trades can be profitable but they are a possibility NOT a probability trade. I often had problems seeing the chop when I was doing market replay and had improved to not trade those trades. I even created an indicator so I could see that chop easier.

In the image of the first three trades, you will see blue boxes(2) around the chop zones I have mentioned. Also, in the third section from the bottom, you will see red blocks (3) which is my chop indicator.

Lesson 2: If you have problems identifying chop then make sure you have all your facilities working when you are trading

Trade 1 – NOT VALID ES Long DTX Trade (Loss -$217.50)

I did not notice the chop to the left of the entry. Rule: do not trade into the chop

Trade 2 – NOT VALID ES Long Enhanced Trade (Profit +$95.00)


I did not notice the chop to the left of the entry. Rule: do not trade into the chop

Trade 3 – NOT VALID ES Long DTX and Enhanced Trade (Loss -$217.50)

I did not notice the chop to the left of the entry. Rule: do not trade into the chop

Lack of focus and being fatigued!!



After the mess of the first three trades, I realized my mistakes. But not the root cause!!

So I kept trading …

Trade 4 – Valid ES Long Enhanced and Divergence Trade (Profit +$95.00)



Trade 5 – Valid ES Long Divergence Trade (Profit-$57.50)

The trade was a long where the 18K and arrow is.

I entered 1 tick above the bar … but somehow entered short!?! When I noticed I exited … for a profit.

There is a saying about: if life hits you with a stick and you don’t listen, then it will hit you with a 4 x 2, and then if you don’t listen it will hit you with a truck (or something like that).

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At this point, I am down -$172.50 and fatigued, knowing I can make 1 more profitable trade!! So I wait about 80 minutes for the next trade!

Trade 6 – NOT VALID ES Long DTX Trade (Loss -$217.50)

You can see from the image, I repeated the mistake again.

Rule: do not trade into the chop or when you are not 100% well!

Total for the Day:

6 Trades, 3 wins, 3 loss with a Loss of -$411.14


The next 2 days I relaxed so I am ready for a better week.



The following is the trades from the NT7 Summary Panel



Potential trades – ES and NQ







Rithmic Overview





I will report back tomorrow on my progress and any lessons I learn

Disclaimer

I am not affiliated with any of these companies.
I am having the rest of the week off to help me recover from the migraines,
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