I decided to try recording my first trade of the day. +$137.50 per contract. I’m not going to do this all the time, but it went ok (laptop seemed to be holding up) so I may do it more often. I’ve double-checked, and am a little alarmed that my stop was indeed at 1438.50, but TS didn’t trigger my stop order correctly. It treated it like it was at 1438.75 instead. Strange.
If I do more of these trades, I will possibly get better at narrating, and identifying where on the chart my stops are. Since I’m not interested in revealing how many contracts I’m trading, I can’t use the automatic order lines, which is a shame. Maybe I’ll just trade 1 contract on the demonstration trades… but then I’m giving up money just to make you videos, and that doesn’t seem right to me either.
…And it doesn’t mean anything, but my ego forces me to tell you I was right at the end of the video, when I said the GVol_Oscillator divergence meant the next smart trade would be a play back up to the rolling vwap:
January 4th, 2008 at 10:11 am
that was great! it was like watching a great movie that you’ve seen several times…even though u know the ending, its still exciting
January 4th, 2008 at 12:54 pm
Maybe in the future I won’t spoil the ending. I didn’t think about that.
January 4th, 2008 at 4:30 pm
Good trade, Richard! I hope you do more live trades in the future. I’ve never seen a live futures stream like that. It seems to snap around like crazy! Scary stuff.
As for your dilemma, the verbal stop with a mouse wave was enough to follow what you were saying.
January 4th, 2008 at 5:07 pm
Nice trade.
January 4th, 2008 at 6:21 pm
Wow, people seem to like the live trade thing… I’m getting messages on youtube as well. So, I guess I will have to do more of them. I didn’t think people were that curious about live trades.
January 5th, 2008 at 8:39 am
Live trades are interesting because you don’t know what’s coming next–that’s where the excitement comes, especially for those that like gambling.
I know this may sound lame to you but I just got Tradestation and I’m a bit overwhelmed. Do you know of any videos, tutorials, etc on how to enter orders/move stops and that kind of thing? I’m paper trading using Open-E-Cry’s simulator and their market depth entry system seems a lot simpler.
January 5th, 2008 at 9:46 am
michael: for anyone paying attention, we did know what was coming next…i saw it on my screen…i was being facetious, but i did like his play by play as u saw the candles move…its interesting to see exactly what is going on in his head while it happens
January 5th, 2008 at 10:07 am
michael: I made a video about the TS matrix not long ago. The title of the video is matrix-related so it shouldn’t be hard to spot. There are several instructional videos at tradestation.com in their support area as well. Feel free to ask any specific questions.
January 5th, 2008 at 11:03 am
prospectus: u quit? r u sure? u r still reading this blog…me thinks u didn’t quit…i am quickly becoming a master of identifying trends, and i’ve spotted one with u…in a matter of months, you’ll be back…now if i could just find a place to make this bet!
January 5th, 2008 at 11:09 am
Richard - Make your money, show what your comfortable with, everything else will come out in the wash. :)
January 5th, 2008 at 11:40 am
Richard, you might want to check on how TS is triggering your stop. In IB, there are about 5 ways you can set your stop to trigger.
I noticed in IB that my stop trigger was “slow” with a bit too much slippage. I changed the parameter and now get a faster trigger.
I forgot which param I set it to and IB doesn’t allow to login on Sat.
Nice trade by the way…
January 5th, 2008 at 11:52 am
That is an excellent thought, but I have it set to trigger on a single trade at the price, so there’s really no excuse for what happened. Even if I had it set to wait for multiple prints, which I sometimes play with, you can see in the video that lots of trades were going off at my price. The order was right there on my matrix at the same line that the trades were, so I am assuming that their stop server was bogged down. I don’t know what else would explain it. I will be keeping my eye on that, for sure!
January 5th, 2008 at 1:34 pm
Thanks Richard, I have been watching the Tradestation tutorials for the last hour. I’m not impressed with the design of their website…when an IT guy can’t find what he is looking for within a few minutes then it’s time to fire the web design folks, imo.
January 6th, 2008 at 2:42 am
[...] of opportunities in @ES that I didn’t take. You saw me take the first one effortlessly in the live trade video. Each trade after that took more willpower, and after I made a few more points I pretty much [...]