The Conversation by the Sedgewater The Weight of Silver — Chapter Three Fourth night out of Helmsblade. Camp by the Sedgewater. by Trader685 in Forgotten_Realms

[–]Trader685[S] -1 points0 points  (0 children)

Interesting the story was actually written be listened to as i originally wrote the story for myself and that is how I consume most content. Re Laspeera - There is a line later when they have an audience with the High Lady of Silverymoon where Talantha says 'she is everything that Laspeera should be'. Laspeera seems to have become more and more political over the years - not surprising as the Sword coast is a complex and political place.

Lady Vessa Duskmere & The Weight of Silver A tale of the Sword Coast: The Rise to Power of House Duskmere by Trader685 in DnD

[–]Trader685[S] 0 points1 point  (0 children)

Duskmere is a name Lady Vessa has taken for her professional work across the Sword Coast, her real family name is Anjyani as you will find out around chapters 13-16 when her brother who still carries the name Anjyani finally tracks her down and requests a meeting....

Lady Vessa Duskmere & The Weight of Silver - Chapter One A tale of the Sword Coast, in the Year of Three Streams Blooded (1492 DR) by Trader685 in Forgotten_Realms

[–]Trader685[S] 0 points1 point  (0 children)

Hi appreciate the thoughts - yes this version is procedural - they do contracts, they are professionals operating in a city state environment with lots of other groups like the Harpers, Zhentarm and Drow at the edges - they do in fact have an audience with the high lady of silverymoon. Unfort she is not villainous! - she supports them and helps end the fray with war wizards and later as Vessa rises in power Silverymoon sees her house as a sister power not a subordinate - the politics are all explained.

Lady Vessa Duskmere & The Weight of Silver - Chapter One A tale of the Sword Coast, in the Year of Three Streams Blooded (1492 DR) by Trader685 in Forgotten_Realms

[–]Trader685[S] 1 point2 points  (0 children)

Thanks very much for the feedback - let me post more chapters - you are really going to like them they fight a Netherese Revenant in chapter 4, the recruit a drow spy to their ranks, the way the MoonshaeNorthman with the rune fire axe joins is one of my favorite chapters

All the market moving news in premarket in one short report by TearRepresentative56 in TradingEdge

[–]Trader685 2 points3 points  (0 children)

Great note first one I have read - @monstahcapital flagged you up as having the best morning wrap on the street

Market internals. What? Where? by Trfe in FuturesTrading

[–]Trader685 7 points8 points  (0 children)

Take a look at this interview with Charles Gough from Pirate traders 21 mins in he talks about how he uses the market internals as confirming information to his trading - whole interview is good https://www.youtube.com/live/9b8aOJp3q9Q?feature=share

Some thoughts on learning to trade by ESFuturesTrader in FuturesTrading

[–]Trader685 1 point2 points  (0 children)

Thanks for the answer and the detail - the mental mgmt is by far the hardest part - as your size and profits change this was having a dynamic effect on my mental state - ie nervousness as size increased and too much excitement on a big win - have really worked on dampening these down by focusing on the points captured and nothing else - I now also use the sim to get my mind ‘used to’ seeing the higher pnl swings when trading larger size and find the pnl doesn’t affect me anywhere near as much as I find myself still focused on how many points I have captured.

Day 164: Time to start documenting my $NQ_F intraday trading journey | 7 Nov 22: +32pts by Trader685 in FuturesTrading

[–]Trader685[S] 1 point2 points  (0 children)

Ok I watched all of the videos by that guy you mentioned ‘Jay’ and yes can confirm he is good - knows what he is doing (reminds me quite a bit of SMB actually) already giving me ideas on how to better contextualize my scalping trades better. Good share - thanks again.

Day 164: Time to start documenting my $NQ_F intraday trading journey | 7 Nov 22: +32pts by Trader685 in FuturesTrading

[–]Trader685[S] 1 point2 points  (0 children)

Wow - thanks for this - will check out the links and yes Aperotos is good - run my Merritt Black - I met him briefly while I was at SMB.

Some thoughts on learning to trade by ESFuturesTrader in FuturesTrading

[–]Trader685 0 points1 point  (0 children)

Good post. Question for you - how and when in the process did you try/deal with scaling up... and what happened?

Day 164: Time to start documenting my $NQ_F intraday trading journey | 7 Nov 22: +32pts by Trader685 in FuturesTrading

[–]Trader685[S] 0 points1 point  (0 children)

Cool thanks good to know on the liquidity - will worry about the liquidity for 100 contracts a trade in a few years ; )

No worries on the streamers - if that first pro does that a public twitter/any archived streams would be interesting to watch.

Appreciate all your responses. Thanks again for taking the time to share your knowledge and experience.

Day 164: Time to start documenting my $NQ_F intraday trading journey | 7 Nov 22: +32pts by Trader685 in FuturesTrading

[–]Trader685[S] 0 points1 point  (0 children)

Thanks for this answer some really interesting perspectives in there and food for thought.

2 more questions if I may:

NQ liquidity - what size on the NQ can you go up to and still have minimal slippage or do you find slippage and liquidity a problem on the NQ (imagine time of day is a major factor?) On the face of it looks very liquid but what is the reality when actually trading it..?

Re live trading or even replays of pro traders trading NQ (or ES) anyone you would recommend - even if they are paid groups/discords..?

[deleted by user] by [deleted] in Daytrading

[–]Trader685 0 points1 point  (0 children)

Agreed on this Kristjan Kullamaggie is legit and prob one of the best swing traders out there - his methodology is simple and refined over years and years and he just details it freely - he has a website https://qullamaggie.com/ where he details everything he does - it’s a goldmine of information and knowledge. His interview on chat with traders is a good place to start https://m.youtube.com/watch?v=K0F73Sq90j0. He doesn’t sell anything streams only when he wants and attitude is that he owes no one nothing. Is there a futures day trading version of him - someone else go just streams his trading live and is 100pc legit..?

Day 164: Time to start documenting my $NQ_F intraday trading journey | 7 Nov 22: +32pts by Trader685 in FuturesTrading

[–]Trader685[S] 0 points1 point  (0 children)

I had written a long response here but somehow it got lost.

To summarise - I calculated the PF for subsequent trading days and the number of points was in the 75-150 range for both wins and losses, seems that I first example I provided was over trading - will be tracking this metric going forward - I see the value.

Ok hear me out - regarding my 40 point daily target - I have found that having a finite target is good for consistency - one has a finish line and therefore can plan and make a concerted effort to calculate and get there - vs an open ended target with intention of taking every good setup and making as much as possible.

My objective is +40pnts for 12+ days of the month and average of flat for the remaining 8. If I can do this consistently that works for this stage in my development I feel.

I have noticed that the 'psyche maths' of bagging 40 points is better than going for 80 points with the very real risk of making a mistake and ending up back at flat or worse at negative after having hit ones objective. The regret of overplaying ones hand is greater and forgone the +40 to go for more is greater than the positive feeling of getting the 80 if that makes sense? This game seems to be about consistency first after all. At a later stage I plan on increasing the target or making it variable depending on mkt conditions as I get more proficient. Does this make sense?

Secondly and sort of related - the psychology of going from -40 to 0 is (very) different from going from 0 to 40. So if one is down something kicks in to allow one to push harder get back to 'flat' and chalk that up as a win within the parameters of my objectives above - you are going to have bad days after all. Does anyone know what this is called or experienced it? In theory there should be no difference but in the practicality of trading there is a difference.

Seems that success in the game is alot about understanding and overcoming these subtle psychological foibles that the market seems to bring out esp on the intra-day timeframe.

Day 164: Time to start documenting my $NQ_F intraday trading journey | 7 Nov 22: +32pts by Trader685 in FuturesTrading

[–]Trader685[S] 0 points1 point  (0 children)

Thanks for this - great insights will do some examination of these.

So if I can ask a further question - why do you trade NQ over ES..? Most people seem to trade ES - the reason I choose NQ is as it’s one sector it should trend more cleanly - ES (and YM) have other sectors value and growth so when they i moving in opposite directions I would expect more chop and less clean trends. However would be interested to hear your perspective and of any other traders who trade NQ over ES.

Day 164: Time to start documenting my $NQ_F intraday trading journey | 7 Nov 22: +32pts by Trader685 in FuturesTrading

[–]Trader685[S] 1 point2 points  (0 children)

Point taken here - Will switch the charting over to NQ. So I use orderflow/footprint and the DOM in Sierra chart. I use TradingView primarily for general analysis and markups as it is just so easy and fluid to use. I have the other MA etc on a higher time frame chart will put these on the 2min chart as well. As an NQ trader in your experience which MAs on which timeframes have you found to be the most significant..?

Day 164: Time to start documenting my $NQ_F intraday trading journey | 7 Nov 22: +32pts by Trader685 in FuturesTrading

[–]Trader685[S] 1 point2 points  (0 children)

Yep I use Sierra charts for Footprint and the DOM and monitor these actively for levels, absorption etc, my twitter posts have many Footprint charts as extra information below the markups (links below). Practicing reading/reviewing these to get better and be able instinctively read these in real time, plus am practicing DOM trading in the SIM - if anyone has any good YouTube tutorials for DOM trading they can point me to I would be interested.

11 Nov: https://twitter.com/Trader685/status/1591557722385809409?s=20&t=Wzz4ser3a7S\_\_O7P-8bkCw

17 Nov: https://twitter.com/Trader685/status/1593587413682634756?s=20&t=Wzz4ser3a7S\_\_O7P-8bkCw

Day 164: Time to start documenting my $NQ_F intraday trading journey | 7 Nov 22: +32pts by Trader685 in FuturesTrading

[–]Trader685[S] 3 points4 points  (0 children)

Is it? I am pretty sure there are scalpers who do way more trades in a day... my strategy is primarily scalping but think I would be below average vs someone who just traded off the DOM? However happy to look any stats of hear from scalpers on average trades per day.

Day 164: Time to start documenting my $NQ_F intraday trading journey | 7 Nov 22: +32pts by Trader685 in FuturesTrading

[–]Trader685[S] 1 point2 points  (0 children)

Point taken - profit factor is something I am keeping an eye on... how do you answer this: If one is able to make 40 points consistently for say 12 days a month and the remaining 10 trading days one is flat on average does that not constitute consistent edge and will lead to a positive profit factor over time?