BeeRad

Day trading futures. Swing trading equities. Always looking to share and improve. Never selling anything and not giving financial advice.

[BeeRad @uosleeper]

1:1 Experiment

I’ve decided to do an exercise to sharpen my execution and do a deep dive on my data to establish clear cut trade management rules.

Reasons for the Experiment

I’m over managing my trades, but I don’t have the data to draw conclusions about how it’s affecting my results. I want that hard data on my trading to be able to back up my rules going forward.

I’m overly emotionally attached the result of each trade.

When I am trading well, realized R:R is about 1:1 with a 65% win rate - but with a ton of effort. Even if I conclude that a 1:1 is the best option, I want to know if I can keep the same EV if I just step away after taking my entry and save myself the stress.

I want to build my ‘discipline’ muscle by sticking to a very specific trade management rule for long enough to instill that habit.

I tend to have long runs of profitable trading and then short periods of self sabotage, usually resulting from being overly attached to the result of each trade and then having a normal string of losers. By escaping that cycle, the results could be massive.

The Plan

I will take away all discretion in terms of moving stops, taking partials, overthinking, and moving profit targets. I will have a set stop and take profit of 1:1 on all trades.

I will document each trade with a screenshot, the type of setup, and a brief write up. I will build these into a database in excel so I can analyze after I have collected a large enough sample size to determine which types of setups warrant a higher R:R, taking partials, trailing rules, and breakevens. I can also test various standard R:R rules across the board.

Initially I will walk away after I take the trade. Take it, then leave the desk, put my phone down, and go do something else for 10-15 minutes before checking in. After practicing this for the first week, I will switch to watching the trade play out and make active steps to override the default mode network response, through either chillaxidol or wim hof breath work.

After 100 trades, I will do my first round of analysis.

Parameters

◦ Experiment will be with 6 50K accounts on FundingTicks executed in TradingView but will be using OFL tools in Sierra to make trading decisions.
◦ $500 risk per trade
◦ After 1K walk away for the day
◦ Focus on fading edges of small ranges or continuation pullbacks to the 40-60% range after a directional RTH open
◦ No trades in the first 30m from open
◦ Only trade ES, 2 contracts 5 pt target/stop
◦ After each trade is complete, take a screenshot, post to X and Discord with a write up of the setup
◦ Only RTH. Leave ETH alone to rest and recharge.
◦ DLL of 1K
◦ DPL of 1K
◦ Every morning, visualize my day being two stop outs in a row. Plan for my stop to hit. Go inthe day expecting two losers in a row.
◦ Focus on ‘cheap’ trades where the stop being hit means the trade idea is wrong, but the risk is small.

[BeeRad @uosleeper]

@Qullamaggie @lonextrades

[BeeRad @uosleeper]

@Evan_ss6 Yeah by this measure every entrepreneur with a unicorn exit has ‘ruined their life’ because they didn’t sleep or take care of themselves in the hard phase

[BeeRad @uosleeper]

@mattiasmac I do a monthly excel sheet if she saw the day to day she’d shit a brick lol

[BeeRad @uosleeper]

@kola_wole_ ??????? Rude awakening????? Do you know how used to losing US soccer fans are?

[BeeRad @uosleeper]

@paxtrader777 I occassionally trade options into what I think is a capitulation on a high timeframe and I size for 0. Basically allows you to take a small risk with large potential upside and don’t have to worry about getting wicked out.

[BeeRad @uosleeper]

@LoEl81 The US has lost nonstop and played ugly ball for as long as I’ve been alive, basically nothing can happen at this point that will make this cycle a failure for the USz

[BeeRad @uosleeper]

@Nathanswfc2004

[BeeRad @uosleeper]

@EsBoltoise LFG

[BeeRad @uosleeper]

@BFordLancer @JarradHD That’s a grade A+++ road trip do it

[BeeRad @uosleeper]

@blueprintsmb22 Yeah I don’t get why it has to be so urgent. If the US can just maintain this level for the next years and hang the with big bois that would be enough to make me happy.

[BeeRad @uosleeper]

@LondonTrading00 @lanto_trades Argentina looked like a destroyer

[BeeRad @uosleeper]

Hate watching England right now

[BeeRad @uosleeper]

@AreYouFNKidding @thatmarkperkins Yeah that could be. Grandfather on my other side who was a mechanic in WW2 talked about it plenty lol.

[BeeRad @uosleeper]

@AreYouFNKidding @thatmarkperkins Think it might be generational thing also with WW2 era people. Friends of mine who were in Iraq/Afghan have told me all sorts of details.

[BeeRad @uosleeper]

@LondonTrading00 @lanto_trades Lots of games to play and still havnt seen arg or eng but so far the heavy hitters not looking great, its more open than ive remembered for the last 3-4 WCs

[BeeRad @uosleeper]

@mattiasmac It really is. I used to grow enough garlic to last me the whole year. All sorts of weird varieties too it was awesome.

[BeeRad @uosleeper]

@ClawForThatInch