Apex Has Made Me A Better Trader

I will admit that when I first joined the Apex community, I was skeptical. Truth be told I had no idea what I was even doing trading. As I explored the site and discovered the wealth of education that Darrell and his team have put together for us I was blown away, actually I was overwhelmed. I followed the courses and did my best to stick to Darrell’s philosophy - learn one system, master it, then add on. Here I am 8 months later and I am a better trader than when I started. Not only am I trading on the Nadex platform, I am also a futures trader (never even considered that prior to Apex), and for the most part I’m profitable (still have a few boneheaded moments when I don’t focus).

I am where I am today because of the tools and the education that the entire Apex community provides and that includes other trader’s like Lori, KJ, Marilyn, Beatnick, TraderJoe, Leah, Gregorious, Larry and many others who share their charts, thought processes, answer questions, etc…All while trading their own accounts. Traders helping Traders…I love that about this community. Another reason I am where I am today is my post trade analysis, this was something I never did prior to Apex and I have to say shame on me and anyone else that is not doing post trade analysis or pre trade analysis for that matter. Although we have all these wonderful tools at our disposal, I am the type of person that craves understanding of why it works. So I have really been studying price action on a deeper level to gain a better understanding of the market in general. As a result I have gained a higher level of confidence and I trade better each day. As I was reviewing my trades for the week tonight, I came across a chart I marked up from Monday and I felt I had to share it. For anyone that works a full time job, that doesn’t think they have the time to set aside to trade profitably and earn a decent income from it, let this be proof that it can be done.

This chart is from Monday, July 27, 2015 I started trading around 4:40 am and I was scalping on 6E. I marked up the chart pretty good with the reason I took each trade and the result of each one:

I took my first trade at 4:57 am and my last trade closed at 6:23 am. In that hour and a half I had a net profit of $300 exclusive of commissions and fees:

Not every day is as clean as Monday was and in the interest of sharing the good with the bad, here is my worst day this week Thursday July 30, 2015:

You will notice that the chart I marked up is a little different, and that is just me wanting to learn more how to read the market, I do actually have a dashboard of charts that I use when I am trading as pictured here:

I do trade mostly off of my 8 tick trend catcher chart on 6E but lately I have been using my Tick chart to find setups and using the DOM to place trades when I’m not trading the US session. That is just me broadening my knowledge base.

Being able to trade for a few hours a day and earn hundreds of dollars a week doing it has really changed my life! I really wanted to share this because I want people to know that it can be done even when working a full time job. The big “But” is you have to put the time in and learn. I did not get where I am today overnight. I have put 8 months of hard work into this because my goal is to become a full time trader and finally stick it to “the man”. :stuck_out_tongue_winking_eye: However, before I can do that I have to prove it to “The Wife” :scream: that I can do this (trust me, she scares me more than “The Man” does!)

I know there are a lot of skeptical people out there, I don’t know of anyone that hasn’t tried a system only to get burned by it and that is why most of us are skeptical. I do know that if you put the time in, the tools that Apex provides us actually work, I mean for real deal work! I see some people posting in the forums asking for back test data, asking if this really works, etc and I have to say for me, personally, I don’t trust anyone’s back test data but my own. Nothing against anyone, but data doesn’t mean anything to me, results do and not just any results, my own personal results. That is how I judge a system. If I can understand the system, trade the system, and be profitable on the system, that is all the back test data I need. Demo is your friend!

For anyone out there that has doubts, Are you asking questions? Are you posting your charts, marked up? Are you reviewing your trades at the end of the day/week/month? Are you practicing in demo and market replay? Are you engaging other traders in the Nadex Pit (if trading Nadex) or the Elite Room (if trading futures)? Are you being honest with yourself? If you can’t answer yes to all of these questions and you are struggling, that is why you are struggling.

Sorry for the rant, it’s not what I set out to do (really only wanted to share my chart…LOL). I do believe in this community, I hope it sticks around for a long time as I would hate to try and do this without it. Darrell and everyone else that devotes their time and effort to improving the tools we get to use I say Thank You wholeheartedly.

Peter

P.S. I almost forgot, if anyone was curious, I use a conservative ATM Auto Break Even and trail strategy when I am scalping 6E. At $12.50 a tick, things can go south real quick if you know what I mean. The biggest part is just picking the right setups to enter on. Here is my ATM strategy:

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Thank you Peter. It means alot that you put your personal trades out there, both the good, and the bad. Helps us that are still struggling, but are beginning to see that the light is not an oncoming train!!

Gotta prove it to the wife too!! In the same boat on that one!!

Also, the stop loss and profit that you have for your ATM is helpful, I am working on getting mine in a better position as well. I trade the EU, and the USD CAD, and the AU, and the ATM that I am currently using I am not happy with, so this does help quite a bit, it is something else that I can try. Do you use this same ATM for other futures that you trade, or just for this one, because of the 12.50 per tick?

Thanks again, this is great!! Josh

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This ATM I use only on 6E. I have a few others that I use for NQ and DX, depending on if I am scalping or taking the trend. Since I use multiple charts I have each one set up with a different ATM strategy based on what I’m looking for on that chart. For example on NQ I use a 3 min chart to look for boomerang setups that I go for 6 ticks on futures and spreads, in addition to a 6 and 12 tick TC CF chart.

It’s been a lot of trial and error to get the right balance for me and how I trade with these ATM strategies. As I get more confident, I start to recognize patterns and it gives me ideas for trade setups that I back test and then will try in replay, then I demo trade them in a live market, and then I trade it in my live account. The ATM is great because it takes me out of the equation (for the most part) after I put the trade on, so that I’m not moving my stop up and down trying to hit the home run on one trade and just end up getting hosed after being up 4 or 5 points.

The biggest thing I find that helps is when I have a bad day, I go back and mark up my chart with my trades and put my analysis on it, then I will trade that day over again in replay while looking at my post trade analysis chart and try to identify my mistakes as they are playing out to get a better sense of what the market is doing that maybe I missed the first time around (did I not notice the magnet level, did I ignore that deviation, what was volume like, etc). For me it’s about recognizing the mood of that instrument on that day and trying to find some advantage so that I have a higher probability of success on the next day. Always learning.

One more thing Josh, with my ATM strategy I will back test that during the time frames I am able to trade to see how successful I would have been using that. I will go back about two weeks to a month, mark up the charts with those trades and see if they would have been profitable or not. If it’s questionable, I load that day in replay and test it and then tweak it from there. Just make sure that whatever ATM strategy you use fits your risk tolerance, just because a strategy is successful 85% of the time, if you start out with a loser and take a $200 hit on it and it doesn’t fit your risk model for your account size, it can mess with your mind.

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Peter

Thank you for this post…it is inspirational. I have a full-time job and have similar goals as you. It appears that your hard work is paying off and I wish you luck in achieving your major goal of trading for a living. Thanks again!

Ned

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