Search This Blog

Showing posts with label Trading. Show all posts
Showing posts with label Trading. Show all posts

Friday, March 28, 2025

3/28/25 Funded Trader Status - Accounts & Balances: Combine 1(Passed); XFA 1(-$2000); Combine 2(-$2000); Combine 3($0)

 


So lets start with this right here from Tuesday, March 25th!!!


What a great feeling of accomplishment. I had, what I thought, a perfect strategy to reap in millions! LOL. Once I started trading this strategy I passed in 2 days. I was on my way!!

I immediately paid my $149 fee and received my first Express Funded Account(XFA1). I paid $49 more for a second combine(Combine 2). How could I lose?? I was already thinking about paying off my bills and buying a truck. If you follow this blog (Do I have any followers?) for the chance to learn from my mistakes and make fun of my misfortune...TODAY IS YOUR DAY!

  • You know what? I am active several Facebook groups where I see new traders blowing account after account. Making the same mistakes over and over again. Trading without a plan or strategy. I always laughed because that could never be me. Hhhmmm???

  • Wednesday, 3/26: I was excited all day at work and could not wait to get home to trade. I got home, walked Hardy and then sat down at the computer. At this point I have 2 accounts. One XFA and one new Combine with Rithmic copy trading set up. I jumped right in.

    • I had 15 minute charts up from previous testing. I like to trade in the 5 minute chart. STRIKE 1!
    • I didn't have Stop Loss or Take Profit parameters set for when I finally enter a trade. STRIKE 2!
    • I disregarded all of the rules to my strategy AND all the rules for using the Ultimate A.I. indicator, which I also paid $297 for. STRIKE 3!
      Well this ain't baseball my friends but you can guess what happened. It wasn't long before I was $1000 in the red on both accounts. Dumb, dumb, dumb! Do you like apples? Well wow do you like them apples!!!

  • Thursday, 3/27: I spent the entire day at work going over how I made so many mistakes and, more importantly, how I was going to rectify the situation.
    • Wait for the right setup, follow the "rules". Trade smart!
    • Play small ball. Take smaller profits and bank the money. Trade again. I lost $1000 in a day, but nothing said I had to get it all back in 1 day. I'm a grinder and happy to grind it out for the long haul. I wish I was as "tight" in my trading game as I am as a poker player!
    • I ended up $450 to the good in each account! A good start to recovery and I was happy with my progress.

  • Friday, 3/28: I was excited about trading when I got home from work, but has to work until 3pm so I would probably have to wait until Sunday at 1700 CT to trade. As chance would have it, I finished inventory work early and was home by 1400. Took Hardy for a quick walk and sat down at the computer. 
    • Now for those of you that may be newer to trading, Fridays are not usually recommended. And the last hour of the trading day, regardless the day of the week, is almost always NOT RECCOMENDED! The volatility can be crazy and it's easy to get whip sawed on any given trade. I was quick, I was smart and I was lucky so within maybe 30 minutes, I was soon $1200+ to the good on BOTH accounts! You gotta love copy trading! 
    • I had an ATM in place to place both a Stop Loss order and a Take Profit order for each trade. Now the ATM I was using was new to me and I didn't quite like everything it was doing. I told Hardy I was winning but with a tool I didn't 100% understand. I took him for a quick walk to settle down and breathe. Trading is a rush when you're winning. You should always have a number in mind that is your walk away number to stop trading. ALWAYS!! I, on the other hand, did not.
    • I sat back down after the walk for the last 30 minutes of the market. Long story short, I ended up $2000 down in both accounts and blew them both. BACK TO SQUARE 1!
So here we are on Friday night, Back at the start. I ponied up another $49 for a Combine and Sunday at 1700 I can trade. Did I learn anything? I think so. Will I make the changes necessary to stay solvent in the long run? I think/hope so!!!

HAVE A PROFIT TARGET FOR THE DAY. SET IT AND LIVE BY IT. AS YOU GAIN EXPERIENCE, YOU CAN RAISE THE NUMBER. THIS IS A MARATHON AND NOT A SPRINT.

MAINTAIN TRADING DISCIPLINE. SET HARD STOP LOSSES AND STAY WITH THEM. DON'T MOVE THEM!

DON'T BE GREEDY! BE SMART AND LIVE TO TRADE ANOTHER DAY!

Well, I think that's out of my system now. I'll feel sorry for myself tonight and then tomorrow, it's in the past with a couple of valuable lessons learned.

As always feel free to comment, shoot me a note and pass this blog along to anyone else who you might think will enjoy it or maybe get benefit from it. See ya all on Sunday!

Peace!~

Monday, March 24, 2025

Topstep $50k Trading Combine Day 14 (Margin Goal $3000/Current Margin Bal. @ $3123.14)

 


Another GREAT day! $930 in margin. I think I passed my first combine today! I am so pumped. There is a small chance that I earned to much, but I'll know tomorrow.

Ultimate A.I. and watching price action. It's too easy!! I'll let you all know for sure tomorrow.

As always, feel free to comment, shoot me a message and share my blog if you like it.

Peace!~







Sunday, March 23, 2025

Topstep $50k Trading Combine Day 13 (Margin Goal $3000/Current Margin Bal. @ $2284.70)


I didn't post much last week and made a few bucks. Tonight at 5pm CT I jumped into the market. Made a couple of bucks "Un-Scalping", ask me and I'll tell you how, the MNQ with 5 contracts. Then I went to the NQ and 3 contracts and more "Un-Scalping". Total today was $1656.50 in margin!!!!!

I had to stop, I had to step away. It's too easy. If you're not using the tools, i.e. Ultimate A.I. 2, from Ultimate Scalper by Reece Cadaval then you're LOSING money! $1600+ is HUGE!! I could have made a lot more, but that doesn't do me any good in a Combine account. I have to hit $3000 in margin, pay my activation fee and then I will have XFA #1 active and I can make profit and take withdrawals. 

I expect to hit the $3000 goal Monday or Tuesday and then the real fun begins. I will pay my $149 activation, buy another combine and then copy trade from XFA #1 to Combine #2. Wash, rinse and repeat!!

I will still have my script running during the day. As a reminder, these profits have all been made in after hours trading where volatility is far lower. IT'S FREE MONEY!!! I am excited for the progression and what the future holds! Stay tuned. As always you are welcome to comment or shoot me a message. If you like with you read forward to someone else that might want to watch the journey. Good night and HAPPY TRADING!

Peace!~

Monday, March 17, 2025

Topstep $50k Trading Combine Day 8 (Margin Goal $3000/Current Margin Bal. @ $367.70)

 


It's about 1932 CT on Monday. No trades taken today so PATIENCE is the watch word today. 

The daily chart was showing a pretty solid down trend, but now there appears to be a bit of a bounce.



My 15min chart, against which my strategy runs, shows the FASTMA moving downward towards the SLOWMA. I am hoping we pick up speed there and maybe we'll get a short trade overnight. I know this works, but waiting is killing me.


If I run a back test from Jan 1 thru today, it shows 41 trades for $17k+ in margin. So on average it would have taken less that 15 trades per months, so wait I must.



I am in a bit of a quandary right now. I can get a 10 day trial of the TachEonTimeWarp tool from Back to the Future Trading for $250. Advertised learning curve is 7 to 10 days to be comfortable using it. Alternately, I can get 3 months of the Ultimate A.I. from Ultimate Scalper for $300. 
During the eval, neither tool can generate revenue that I can realize as that won't happen until I pass the eval. Both tools can help me pass the eval faster. If I get TachEonTimeWarp, my license will be expired when I pass the combine and could not be used in the XFA account to generate revenue unless I buy a license for it. On the flip side, I could use Ultimate A.I. tool 8-10 more weeks to generate revenue. The Ultimate A.I. tool is $99/month after my 3 month trial. I suspect that the TachEonTimeWarp license is SIGNIFICANTLY more. Decisions, decisions, decisions!!??

With that I will leave you to ponder my dilemma. I think I'm retiring early. As always feel free to comment, share and/or shoot me a message with questions or observations.

Peace!~


Saturday, March 15, 2025

Topstep $50k Trading Combine Days 4, 5 an 6 (Goal $3000/Current Margin Bal. @ $367.70)

 



Morning Folks!! It's Saturday evening, 3/15. The Futures market is closed until Sunday at 1700 CT and I am catching up on things. I really started this post this morning but between the dog, testing and trying to relax some, here we are.

**PRO TIP** - If you're using NinjaTrader don't have an custom ATM (Advanced Trade Management) strategy running at the same time you have a custom strategy deployed that also manipulates stops and take profit orders. This cost me $1100 in margin this week. Oh well, lesson learned.

Now, just so you know when I give a PRO TIP this really translates into "Don't do the same dumba$$ stuff I did!". I'm no pro yet, but I am always happy to share both the good and the not so good of my journey.

By not adhering to my PRO TIP above, I missed out on an $1100 trade. Technically, I should have been almost halfway to passing my combine after the first week. 

On a more positive note, I have made a couple minor changes to my strategy that extracts a few more margin dollars and also made losing trades smaller.

A couple of posts ago, I started a schedule for this journey. I hope to make a post tomorrow and update that schedule. As it stands now, I am VERY confident in my strategy and hope that the market cooperates this week. That's all for now. As usual drop me a comment or send me a message.

Peace!~


Thursday, March 13, 2025

Topstep $50k Trading Combine Day 3 (Goal $3000/Current Margin Bal. @ $0)



Patience! Patience! Patience! So here we are as of 1931 CT and my strategy has still not taken a trade as the proper conditions have not been met. Just for those of you reading this, I am using automated NinjaScript script "LWTGMACrossoverV31". Just for reference, I have back tested this 6 ways to Sunday. Currently it is profitable with NQ(Mini Nasdaq), MNQ(Micro Nasdaq) and CL(Gold). I am not sure why is does not seem to work on some of the other commodities, but I am only focused on NQ and MNQ. I have to learn to walk before I run.

I'll not bore you with "SIM Dollars" and I encourage you to back test and form your own conclusions. I am, however, that I can pass multiple combines and within all Topstep parameters.

Lets take a step back and explain my plan. This is for me as much as for you all reading along.

Phase 1

  1. Develop automated strategy to be used within NinjaTrader to trade my combine(s) as my work schedule does not currently allow me to trade during normal hours. Completed 2/15/25.
  2. Run automated strategy (LWTGMACrossoverVxx) against MNQ for 2 weeks. Tweak as needed. Completed 3/1/25
  3. Purchase Topstep $50k Trading Combine #1($49). Completed 3/9/25
  4. Run automated strategy (LWTGMACrossoverV3) against Topstep Combine #1. Started 3/9/25 
  5. Pass Topstep $50k Trading Combine #1. Estimated Completion 4/1/25
  6. Pay for Topstep XFA #1 activation ($149). Estimated Completion 4/7/25

Phase 2 

  1. Use profits from Topstep XFA #1 to fund Topstep $50k Trading Combine #2 (cost $49)
  2. Use profits to purchase Ultimate A.I. Original Indicator ($297 for 3 months).
  3. Run automated strategy (LWTGMACrossoverV3) against Combine #2.
  4. "Scalp" trade against Topstep $50k Trading Combine #2 and XFA #1. The goal of adding scalping to the mix is to pass Combine #2 faster.
  5. Pay for XFA #2 activation ($149). Estimated Completion 5/15/25
  6. Purchase Copy Trader software (Replikanto? Affordable Indicators? Rithmic?) approx. cost $250
  7. "Copy Trade" with LWTGMACrossoverV3 during the day and "Scalp" trade after hours (London open??)

Phase 3 

  1. Purchase Topstep Combine #3($49). 
  2. "Scalp" trade against Topstep $50k Trading Combine #3 and Topstep XFA #1 & #2 


                Gotta hit the hay and will return tomorrow!


Peace!~

                 



Monday, March 10, 2025

Topstep $50k Trading Combine Day 2 (Goal $3000/Currently @ $0)

 


Topstep Support got back to me promptly this morning. Once I got home from work, I made the minor change that was suggested and voila, not I can see my Topstep $50k Combine account in NinjaTrader. I guess I'm armed and dangerous so to speak.

As of 1923 CT, the script has not taken a trade. Remember, I am looking for an 18 period FASTMA (Fast Moving Average) to cross over a 146 SLOWMA (Slow Moving Average). If the FASTMA crosses over the SLOWMA from the top, then we go short. If the FASTMA crosses over the SLOWMA from the bottom, then we go long. 

I have done some more back testing and made some more changes. I am loading V3 of the strategy and this will run against my Combine Acct.

That's all for tonight. I will publish my full plan tomorrow.

Peace!~

Sunday, March 9, 2025

Topstep $50k Trading Combine Day 1 (Goal $3000/Currently @ $0) -...switching gears!

 


Just to catch everyone up. I did not post on 3/7 and the system took no trades. The previously discussed mods to the strategy were implemented and back tested ad nauseum. My plan to test "live" in SIM account for 2 weeks before purchasing the Topstep $50k Account Combine. 

I recognized that I was again caught in a familiar trap of "Analysis Paralysis" and more testing and optimization was just wasting time. The strategy implemented as a NinjaScript trading systems works. Testing while trading 3 MNQ contracts makes enough to pass the combine in 1 to 3 weeks. If I run it trading NQ contracts it makes even more. I am confident in what I have created. I will also be using the Ultimate Scalper tools when I pass the combine I created the automated strategy to address the issue of my work hours and market availability. 

As of 1100 on Sunday, March 7th my NinjaTrader platform cannot see my Topstep Combine account. This might prevent me from trading tonight when the Futures market opens at 1700. I have sent a note to Topstep Tech Support but they are not available until tomorrow.

Read my initial updates to catch up. Comment or holler if you have question or if I can help you. Tell a friend about the blog if you think they'd like it or want to be a full time trader.

Let the games begin!!

Peace!~

EDIT @ 2056 - No news from Support, but I expected that. I have the script running against the Topstep SIM account. We will see what pops. Hopefully, tomorrow I will be live.

Thursday, March 6, 2025

DAY 4 Update - Combine Goal $3000/Acct. Bal. $885.12

 


Took one small short trade early this morning. I am tweaking the code to make the trailing stop more flexible. It appears that the trailing stop as a little too tight and I missed some profit. I will make those changes tomorrow, For tonight, I've used all my free ChatGPT resources. I really think I will get a subscription model. What I can do with it really is amazing.



But the important thing is that the strategy performed again. Another $126.78 added to our total, "HANDS FREE" so to speak. Onward and upward and hoping for some more volatility and bigger swings!

Peace!~


Wednesday, March 5, 2025

DAY 3 Update - Combine Goal $3000/Acct. Bal. $758.34

 


So today we took two trades and lost a little money. As you can see below the price action was relatively sideways and choppy at best. 



I might mess with the ADX settings and back test some more. Then again, I might not. I just ran back test on MNQ (trading 3 contracts) from the first of the year and the strategy made more than $11k. I also ran it against NQ and the profit was over $100k. 

Hard to imagine that kind of money!! Food for thought eh?

Peace!~



Tuesday, March 4, 2025

DAY 2 Update - Combine Goal $3000/Acct. Bal. $954.78

 


As you may recall, I leave this strategy running while I am at work. Today, while at work, I changed my password on the NinjaTrader account and I guess it stopped my running strategy. Soooo...we didn't take any trades today. I have it running now, and it will trade 3 MNQ contracts if the proper criteria is met.

We should get some action tomorrow. That is all!

Peace!~

Monday, March 3, 2025

DAY 1 Update - Combine Goal $3000/Acct. Bal. $954.78

$10k profitable trade in one day...but



So the good news is that I (my strategy/script) picked up one trade for $10k in profit. While that may seem like great news, there are several negative points that have come to light. To refresh your memory, I work a day job and wanted a script I could run to pass a TOPSTEP combine. $10k in one day would be GREAT if trading in a personal account. However, this is no good when trying to pass a TOPSTEP combine (you can read the TOPSTEP Trading Combine Rules here).

Here are the issues I have run into on day one:

  • The profit goal to pass the combine is $3k and your best day can be no more than 50% of total profits made. Suffice to say that $10k on day one blows the TOPSTEP Consistency Target out of the water. To see the actual rule you can read What is the consistency target. I was trading 3 Mini Nasdaq Futures contracts (symbol-NQ) with my strategy, thus the large profit. The strategy is very good about entering at an optimum time and exiting for maximum profit. However, to pass a combine I should probably only trade Micro Nasdaq Futures (symbol-MNQ) and maybe only 1 or 2 at a time.

    |

  • TOPSTEP has specified trading hours for opening and closing trades. My $10k winner was opened during the proper window but held after "allowed hours". Had I been in a combine TOPSTEP would have flattened my position at approximately 1510 CST. My profit would have been even more then, but I am unsure of how a trade is actually handled if the TOPSTEP team has to close the position. I am not sure if I violate a rule of some sort or what repercussions there may be.

  • I was running my strategy in 2 charts on 2 different assets (MNQ and NQ). A little quick scan of the NinjaTrader site says that could be a bad thing.

I will fix these issues and commence testing again. Barring further issues this weeks data will provide a solid snapshot of performance before I enter the REAL combine next week. Here are the changes I am making:
  • Change the logic to only open a trade from Sunday at 5:00 PM CT to Friday at 3:00 PM CT. Also all trades will be exited/flattened daily at 3:00 PM CT.
  • Trade 1-3 (needs some quick testing) MNQ contracts for the purposes of passing the combine.
Okay...I'm back. I have added the logic to only open trades between Sunday @ 5pm CT  and Friday @ 3pm CT and to also close trades daily @ 3pm CT.

Also, I reloaded the chart data and re-ran the strategy with the changes detailed above.

The strategy took 1 trade for a $954.78 in profit. If we were in a combine, we'd almost be 1/3rd of the way to passing after Day 1.

I'll provide another update tomorrow.

Peace!~




The Plan



Some house keeping before we get started. Throughout this blog I will post some links or mention other companies or groups or systems. These are all the property of their respective owners and I take no credit for any of these except where I explicitly declare ownership.

Currently I work a full time job from 0630 to 1500 with periodic overtime from 0230 to 0630. Last year I made $55k at this job and they are a good company. I am aiming to earn A LOT more this year. I am waiting for a 2nd shift position within my company to open up but, for now, I can not trade during normal market hours. In this journey I will detail every dollar I spend and every dollar I make/lose, real and "simulated dollars". I will detail every tool and system that I am using. This does not mean that what I am doing is the best way. It does not mean that there are not better options out there. I am not an expert by any definition but I am not new and have enough experience to know what is real and what works for me. Take EVERYTHING I say and do with a whole shaker full of salt. LOL!

The short explanation of my general direction is as follows. After much exploration and consideration I have decided to go with a prop (Proprietary Trading Firm) firm to fund my trading. I will use a combination of an automated, always running strategy and a scalping system that I will explain in detail below. In the past I have been a part-time day trader/swing trader of traditional Stock Options. When I have some more capital and full time access to normal market trading hours, I may return to that space for diversification purposes. For now with time and capital restraints being what they are this is my chosen plan. Now, let's get into it.

  • Getting Started - General Reading & Study Recommendations: There are hundreds of great texts and websites out there to cover many aspects of trading across multiple disciplines. There are several that have had a huge impact on me and really set me on, what I think is, a solid path to making trading a full time job.

    • How to Day Trade for a Living by Andrew Aziz - I consider this my bible, even though it is focused solely on buying and selling stocks. If you know nothing about the stock market or are a total new comer to trading and the market, read this twice. This text takes you from new to trading with everything you need to know to get started. Even if you don't plan to trade stocks, which can require a relatively large amount of capital.
    • Follow the Smart Money by Jon & Pete Najarian - This is the book that will show you what an option is and the best way to get started. You CAN trade Options with far less capital and I love these guys. The ONLY reason I am moving to Futures is the availability of prop firms. I traded Options with some solid success. I would recommend Monetari Trading as a great head start for Options. When I get some additional capital put away, I will return to trading options as well.
    • The Best Trading Psychology Course by James Tilstead - This is a YouTube channel that is worth your time. All of his videos are superb but the Psychology course is eye opening. If you follow this blog for a longer period, you will see me implementing some of his strategies for Forex. I am currently not a student of his but plan on it as I progress. Just a really bright guy with a down to earth approach to success.

  • Trading Platform: I have decided to go with NinjaTrader 8 for my trading platform. My platform of choice for Options was thinkorswim by Schwab. This is probably the best platform for Options/Stock traders. I chose NinjaTrader 8 because of their reputation in the Futures space as well as their advertised automation capabilities.

  • Brokerage: In the past, I traded Options using thinkorswim on a Schwab brokerage account. For Futures I have been SIM trading in NinjaTrader 8. For my choice of prop firms, I have chosen TOPSTEP. There are many reputable prop firms out there as well as some "not so reputable" ones. I like TOPSTEP for their pricing as well as their reputation in the industry. If you are looking for a "get rich quick" type of approach I am NOT your guy and TOPSTEP is probably not your best choice of platforms. If you are looking for consistency and you desire to trade with an intent to make it a long-term & HIGHLY PROFITABLE business, then we might get along nicely. I believe that TOPSTEP is the best choice with these goals in mind.

  • Automation (automated trading strategy): The automated NinjaScript I run is named "BIGMACrossoverwADXATR". I got the original base NinjaScript from a YouTube channel, Make a Trading Bot in 10 Minutes - NinjaTrader w/Trade for Opportunity. I am definitely indebted to this guy for starting me on the automation journey. This was a simple moving average crossover (MACrossover) strategy that initiated a trade when a fast moving average (FASTMA) crossed a slow moving average (SLOWMA) indicating a potential trend is emerging. You can find countless example of moving average crossover strategies on YouTube and elsewhere. When the FASTMA crosses the SLOWMA from the bottom, the strategy takes a LONG trade. When the FASTMA crosses the SLOWMA from the top, the strategy takes a SHORT trade.
    I performed extensive back testing and optimization within the NinjaTrader platform (a GREAT feature) to establish what the best value for a FASTMA, a SLOWMA and a number of contracts to trade should be. I was not only looking at the wins (profitability) but also the losses (contributes to drawdown) with an eye to using this strategy (along with scalping in after hours trading) to pass the TOPSTEP Trading Combine as step one of my journey to being a fully funded trader. I then used ChatGPT to add logic that set a trailing stop (to capture incremental profit as the trade moves in my direction) using Average True Range (ATR). Lastly I used ChatGPT again to add logic to exit the trade as the trend weakened using Average Directional Index (ADX) so I could exit, hopefully, before I gave back my profits or took a loss. This is the script I will be using and you're welcome to it. LOL. Reach out if you have questions.

  • Scalping:  Scalping is a strategy of placing trades, closely monitoring them in real time and exiting the trade relatively quickly (hopefully for a profit).  You may be in that trade for mere minutes or even seconds sometimes. When you take the trade, or your entry, is key to your success. There are innumerable ways and multiple strategies for this type of trading. For scalping I will be using tools from Ultimate Scalper by Reece Cadaval. You can, and SHOULD, evaluate his tools for yourself, but to me this guy is a wizard. I very much look forward to using his tools and teachings.

  • Projected Costs: There will be some incremental costs to "fund" my journey. They are, however, far less than the personal capital needed to generate the same level of income as using a prop firm.

    • The NinjaTrader 8 platform is free. I do pay a $41/month fee for Level 2 NASDAQ data. I have paid 2 months ($82) so far.
    • I will be using the Ultimate Scalper - Ultimate AI tool. This is $99/month with an initial payment for 3 months ($297) required to get started.
    • To start the TOPSTEP combine I will be purchasing the $50k account for $49/month. I am confident I can pass the combine in 1 month. If not, it's not the end of the world. This is a marathon and not a sprint. 
    • Assuming I pass the combine there is then a $149 fee for a TOPSTEP XFA account with $50k in trading power. An XFA account is basically a simulated account where I am paid the profits per TOPSTEP rules. While in the XFA stage the first $10k in profit is all mine. After that, the margin split is 90/10 with me receiving the 90%. I am planning to only withdraw enough funds to pay for a 2nd combine leading to a 2nd active XFA. For the second iteration I would pay the $49 and $149 again for a second active XFA. I plan to repeat this process with a goal of 5 active XFA's (each XFA essentially costs $198). With the 2nd XFA I will begin copy trading (trading in one account with the trades being mirrored to 1 or more additional accounts). I have not decided which copy trading software to use, but I expect to pay $200-$300 for the software license.
    • As I understand the new TOPSTEP rules, I can have 5 XFA's with a maximum payout of $5k per account for a total of $25,000. Assuming all goes well, I will collect $23,500 ($10k + ($15,000 * .9)) before being moved to a fully funded cash account. I guess we will see.
    • When, and if, I am called up as a fully funded cash trader I will still pay $41/month for data fees plus $135/month for CME (Chicago Mercantile Exchange) fees. At this point I would be a 1099 employee and be paid on the 90/10 split per TOPSTEP rules.

As I write this, it is Sunday evening on March the 2nd. I have some charts open in NinjaTrader and my script is active on my SIM account. I have a 15 minute chart open with Mini Nasdaq (NQ) futures selected (top left panel); a 15 minute chart open with Micro Nasdaq (MNQ) futures selected (bottom left panel); and a 1 minute chart open with Mini Nasdaq (NQ) futures selected (top left panel); I have my strategy running on both charts on the left. I use the 1 minute NQ chart (sometimes I trade MNQ) on the right for scalping. Below is a snapshot of my work space:



Here is a shot of the 15 minute NQ chart. You can see that the strategy has entered a LONG trade as the FASTMA (represented by the green line) crossed the SLOWMA (represented by the yellow line) from the bottom.


Finally, here is the picture of my SIM account with a starting balance of $50,000 in SIM dollars.



That's it for now and let the games begin. I hope you enjoy the journey. Feel free to comment or ask questions and also feel free to share my blog with others who might want to undertake this journey to freedom.

Peace!~





Sunday, March 2, 2025

Lone Wolf Trading Group - A Journey to Full Time Trader!?


 
What you will see here is the gestation of an idea spawned at what was the lowest point in my 59 years on this planet. My environment the was certainly conducive to dreaming, introspection and forming "big plans" to talk to others about. Did any of these conversations manifest into reality? I would say that probably less than 1% did.

What is the "Lone Wolf Trading Group"? The original plan in 2021 was to create a private equity fund, with outside investors, that was focused on trading in the stock market and makings billions of dollars. LOL! 

Over the last 2 years have I have learned a lot, made some money, lost even more money (including other peoples money) and changed direction 10,000 times. I guess that's growth.

Let's get a couple of things clear. There are some basic tenets by which I will always operate.

  • I am and never will be some sort of guru!
  • If you listen to me or follow me or do what I do, it is possible that you could lose any or ALL of your money!
  • I am not selling anything!
  • I will always help others who ask, to the best of my abilities!
  • I will freely give away anything I have created or learned!
Make no mistake, I am on a journey to make this a full time job that pays far better than working for someone else. I want to work for myself again. I want "things". I want the freedom to travel on my own schedule. I want to teach others and give them, probably for the first time in their lives, the chance for fulfilling their own dreams whatever they may be. MOST OF ALL I want to reconnect with those I have lost, or at least misplaced temporarily.

I have always been one to get stopped by "analysis paralysis". To say I overthink even the simplest thing is a gross understatement. Recognizing this I have decided to just jump in and start. 

In the plan below, I will mention multiple platforms or products or tools. I have no relationships with any of these vendors. I am not an affiliate for any of these companies. I get nothing if you use the same tools or platforms I use. Over the last 3 years, or so, I have seen a lot of systems, talked to a lot of "gurus", been part of a few great teams and tried lots of "things". What I've detailed below is where I am going now based on a lot of data I have gathered and a lot of things I have tried.

So here is the inaugural post of a blog that may potentially reach no-one. I'm still going on the journey and will document every step, good and bad. 

Come on along. Lurk in the shadows or join in and ask a thousand questions! I'm here and open and ready for it all!

PEACE!~

4/8/25 Funded Trader Status - Accounts & Balances: Combine 3($40.54)

  So it's been a minute since I updated everyone. Everyone pays "tuition" to learn and I am no different. I thought I was ...