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Abiel

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Posts posted by Abiel

  7. Posted

    Today I was wondering if there is a sweet spot for how much I should be trading each day. The image shows the trades in my best & worst results, seems like in my best days I trade less.

     

    2018-03-01_1801.png

     

    Have you find your ideal number of trades per day?

    • Like 1

  8. Posted

    I just began using TradeBench. Just sent this feedback to TB CEO Rasmus Sommerskov. In the "Import trades through the TradeBench Excel template" there is the #4. "Choose Strategy", as my import files have diferent trades with different strategies, this section of the import wizard its useless. It would be great if in the xls template a field for strategy its included, or, in the review section of the closed trade I could choose the strategy. What I´m doing now its using labels with strategies.

     

    Also, yesterday I managed to import 21 days of trading. Then, trying to import yesterday file, it was failing until today that import was successful (same file), but, all 21 days of trading (+100 trades) were deleted. weird.

     

    anhkind, thank you for the conversion tool, it´s very useful...

  18. Posted

    Good idea Jason! Today was my second day of sim, I use an xls and a onenote files.

     

    XlS has these fields:

     

    Ticker Float FloatCat Long/Short Qty Entry price Target Stop Capital Cap. Risk Cap. Risk % Rwd/Risk Ratio Entry date: time Exit date: time2 Exit price P/L $Comisión $Net P/L %P/L Cap R multiple $ at work # W/L Sum W Strategy Reason for success / fail Comment

     

    and an Analysis section:

     

    Total net P/L

    Gross P/L

    Avg % loss on losers

    Avg % profit on winners

    Number of winners

    Number of losers

    Number of trades

    Hours spent

    P/L per hour

    Total net profits

    Total net losses

    Total % gains

    Total % losses

    Risk/reward ratio

    Expectancy

     

    The onenote file has these sections:

     

    1. Overview of the end of trading day: Account, Trades and P&L (screenshots from DAS Trader)

    2. Premarket routine: wake up time, brief notes on excercise and breakfast, start time in DAS, stock research, watchlist

    3. Trades: detailed notes on my trades: strategy based / impulse based / chatroom call, why did I trade the stock, did I recognized pattern /strategy, reasons to fail / success and DAS screenshots

    4. Learnings / insights

     

     

     

     

  23. Posted

    I’m not there yet but I´d withdraw some profits in a monthly basis, allowing for account growing.

     

    You can find in John Carter´s book “Mastering the Trade” the “Plateau Method” of managing day trading accounts.

     

    This method works like this: For a $10,000 hypothetical starting account, your initial goal is to run the account up to 2.5 times your starting capital, which is $25,000. When you reach your desired target of $25,000 you withdraw your original $10,000, plus a profit of $2,500, leaving you with a balance of $12,500 in your trading account. Next you tweak your goal, instead of $25,000, your aim is to run your account up to 2.5 times your new starting capital, which equals $31,250. Once you reach your target of $31,250, withdraw half of the account ($15,625) and reset your goal. And so on, when you reach your target, take out half, and continue.

     

    • Like 1
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