|# of Trades||3|
|Largest Win (pts)||4.00|
|Largest Loss (pts)||0.00|
|Total Win (pts)||5.00|
|Total Loss (pts)||0.00|
|Net Gain/Loss (pts)||5.00|
|ES Daily Range||24.25|
|P/L as % of Daily Range||20.62|
On another note, wanted to give provide an update on my friend who I'm currently teaching how to trade. This is his 4th week trading the ES with 1 contract, and currently his Net P&L is at +$4,363.20 after commissions (87.25+ ES Points Net!) and he still has 2 more days to go in the week. I'm rooting for him and shooting for a +$5K net gain which would mean a 100% return on an initial $5K account within 1 month. And please keep in mind that the simulated fills on the Infinity Sim are technically worst than realistic fills since the Sim doesn't fill your Sell order until the Bid moves to that price and doesn't fill your Buy order until that price is offered at the Ask. The gain was accomplished using 6-8 tick stops, and price action charts only (No Indicators, Moving Averages, Fibonacci, etc). He's proof that simpler is better.
Jobless Claims at 7:30 AM (central), Leading Indicators at 9:00 AM tomorrow morning.
ES (Daily) - Watching 888-892 for support
Ever considered teaching, EP? :-)ReplyDelete
Glad the interview went well and nice trading today. Your friend is knocking it out of the park! He needs to start a blog!ReplyDelete
A good way to figure out what you like doing is to do it for free, and I definitely enjoy teaching/mentoring as long as the person I'm teaching is passionate about the subject matter. At this point, I'm still in the learning process myself, but I would consider teaching/mentoring down the road but becoming consistently profitable yourself is a prerequisite to teaching others. Otherwise, it's just a case of blind leading the blind LOLReplyDelete
was wondering if you are still paper-trading or if you actually placed that orders posted? Also, is the friend you are teaching also papertrading or actually trading his $5k account?
Either case. would be great to read what methods/signals you use for an entry...
My account at Infinity has been funded and ready to go for months now, but I'm still on Infinity's Sim, which provides worst fills than Live trading. My friend will be funding his account with $5-6K in a week or so. I'll let you all know when we're on real $ live trading. Sim until then.ReplyDelete
It's much easier to get a fill trading a live account. The sim accounts tend to cheat you out of that 12.50 buffer that you should be allowed!ReplyDelete
Oh well, when you go from sim trading to real trading I suppose there's a relief at being able to get filled a little closer to where you'd like.