Activity
Mon
Wed
Fri
Sun
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
What is this?
Less
More
Memberships
InvestCEO with Kyle Henris
Public • 13.7k • Free
13 contributions to InvestCEO with Kyle Henris
2d ago
in
Superman Entry requirements
For Superman entry on the lower time frame to work, must the Supply/Demand zone on 1 Hr chart be fresh? Or is it OK if the Supply/Demand on the 1 Hr chart have been used (once or multiple times)?
2
5
New comment 11h ago
2 likes • 2d
My opinion (I'm still very new): this strategy is a game of probabilities, right? So the idea is that Big Money has left some contracts on the table in those zones. Each time the market revisits that zone, those contracts will be picked up and you're trying to piggyback on their manipulation of the market to profit on those contracts. So the more times the market returns to that zone, the lower the probability that they're picking up those contracts and the higher the risk of a losing trade. I tend to make my zones slightly different in color each time they've been hit to give me a vague idea that I should be more cautious with any trades in that particular zone. Essentially, there's no right answer. The market is going to do whatever it's going to do. You're just looking for the highest probability of it fulfilling the criteria of this strategy for a chance of profiting from it.
8d ago
in
In the $1M Club!
Thankful for this group and all the lessons learned...I finally got 4 $250Ks (couldn't pass up on the value!)...but as I've been here before, I didn't get cut - I just made the team with good practices and a decent tryout. Now comes the real and hardest test - performing well in the actual game. Thanks to @Kyle Henris and @Aramis Kudryashov and many others for sharing their knowledge and expertise.
66
44
New comment 2d ago
0 likes • 4d
@Clark Walker I really like this way of thinking. I wasn't even considering my drawdown like this and was looking for 1% of total capital. But this makes much more sense in terms of risk management. I'm definitely going to be using this theory going forward. Thank you!
6d ago
in
EA week 1
I purchased my first Evaluation Account last Friday after a good 3 weeks of practicing. I began trading on Monday, but I wasn't finding good opportunities for Jedi/Superman entries on MES (I prefer staying on MES because it's more precise and I dislike moving back and forth). This continued into Tuesday. Wednesday I followed some advice I saw on here to stay away due to the inflation numbers being published (I ended up winning a good trade on my sim account but what do you do?). Thursday I was getting antsy and entered into a trade I wasn't very confident about. I only took a quarter of the risk ($125) and ended up stopping out. Today I entered a long Superman trade for $500 (used half of my usual risk because I was skiddish), and then a short Jedi using demand from 10 days ago. On the latter, I again wasn't confident with the demand being so old, so I moved my Stop Loss up and took a $300 profit (marked with white line segment). I would've stopped out if I hadn't done this. Is it unadviseable to take trades using such old supply/demand? All in all, I'm up to $50,573 after my first week. I feel pretty good about it. It certainly could have been better, and it could have been worse. Now that I've gotten my feet wet, I hope to trade with more conviction. I imagine being too cautious is better than the alternative, however. A question I do have is, if I'm having trouble finding opportunities on MES, should I look at different markets? Do the entry models work the same or do they need tweaked? What are the pros/cons of your favorite market?
8
10
New comment 4d ago
3 likes • 5d
I posted a link to Apex's commission schedule for Tradovate on another post. The thing you have to keep in mind is that each contract takes a commission. So where one contract on ES is $1.55, that same value on MES is 10 contracts with a commission of $.52/ea ($5.20 total). And most importantly, each commission is assessed for each action, so in filling the limit order you have one commission, and then filling the T/P or S/L you have another commission. Same example above equates to $3.10 for ES and $10.40 for MES. If you're looking at trading other charts, look for your commission rates here: https://support.atf.com/hc/en-us/articles/24511326984091-Commissions-for-Tradovate Don't forget to include those rates in your trade logs or your numbers won't add up. The commissions make a big difference, especially when you're heading in the wrong direction. Oh, and also keep in mind that with more contracts, you will have multiple price entries and exits. I traded 90 contracts on oil the other day (MCL was supposed to be about $450 risk amount, or so I thought) and it took me forever to figure out how to get the numbers to match up in my log. Incidentally, that was well over $100 in commissions. Needless to say, I won't do that again.
6d ago
in
EA Thoughts and Lessons
I opened my first EA last week, and thought that I might share some observations now that I have 2 trading days in (this is a novel, so you may want to grab a coffee if you intend on reading this): First, let me just say that mindset is of the utmost importance. If you haven't watched Kyle's CEO mindset lessons yet, make sure that's a priority. If you have, but you're still struggling, watch them again. I've been consistently trying to find more lessons on controlling my emotions and using the power of positivity to reshape my mentality even when I've made egregious mistakes. We are not the mistakes we make, we are the culmination of lessons learned from those mistakes. Secondly, research everything. I fully intended on researching Apex, Tradovate/Ninjatrader & the use of Tradingview before even paying for the EA. However, I rushed my decision to purchase and found myself frustrated by my own lack of understanding on how all of this relates. After two bad trades did I finally decide to stop trading and start learning all that I don't understand. Lastly, keep up with all major world events... EVEN THE WEATHER! LOL Let me explain: I didn't trade at all on my EA last week because I spent the bulk of that week preparing for a weekend trip and also trying to set up the EA for trading - remember, I didn't fully research any of this prior to purchasing my EA, so I'm already behind the 8 ball. I left Thursday and came back Monday, so my mindset was already not in the right place because I lost three days of trading. Then Tuesday I struggled for find any opportunities, which I allowed to further influence my mindset. So Wednesday I traded MNQ, and it was like I forgot most of what I'd learned from Kyle and from my own practice sessions. I have very little experience with the Jedi strategy, but decided that was the best way to go. I'm down $277. Ugh... stop trading for today. It wasn't the strategy, but the lack of practice given to it and just bad discipline. Also, Wed CPI data was released which could greatly affect the Nasdaq. I even asked about this on this site before the trade, but didn't wait for the answer before jumping into this trade.
9
5
New comment 5d ago
3 likes • 6d
@Michael Brown Thanks for the encouragement. 20 years in the electrical field has taught me one valuable lesson: never stop learning. This is especially important in regards to mistakes. And the key to learning from one's mistakes is good analysis. I would imagine one doesn't come up with a superman trading strategy without having applied a great deal of analysis, so why would I short myself the opportunity to analyze my trades - good or bad, and find the commonalities. All told, I'd say mindset played a key roll in all that happened this week, so mindset is where I will continue to make adjustments.
8d ago
in
CPI News Day?
What's the general consensus regarding today's CPI data releases? Should we be cautious or avoid trading with this type of news?
3
1
New comment 8d ago
1-10 of 13
Active 1d ago
Joined Jun 8, 2024
powered by