Bund trading ideas for today were posted before the open. Today was an interesting day to say the least. I took 3 trades with real money. First was long and then two shorts which didn’t work that well. After that I realized it was an open drive and so I didn’t take any more trades with real money. Here are the trades on the chart:
- Trade 1 – Long at CLVN. This is premarket. I rarely trade premarket but maybe I should. I expected it to drop down to 54 where I had a LVN (“single”) from yesterday and I added 1 contract (as planned). It hung around down there and I took off the first 2 contracts at my entry leaving with 1 long from 54. Exited at 62 which was the DVPOC at the time.
- Trade 2 – Short from CLVN at 69. Just one on this one because I didn’t have confirmation from DOM & order flow. It pulled back and I got out +2, it would have hit my target.
- Trade 3 – This went up to the LVN at 72 and I shorted 71. Only 1 contract due to lack of confirmation. +4 ticks.
Here’s the trade list:
Here are my excel stats:
At this point I realized it was open drive potential and I stopped trading real money. I practiced taking losses on sim. I took a lot of short trades on the way up, that I wouldn’t have done with real money. But I wanted to practice taking losses. I didn’t move my stop once. I finished -35 ticks. Which is cool because I had +14 real and then -35 sim that makes a net of -21 which is -210 euros and that gives me an idea of what a losing day would be if I took a lot of trades (15 on sim) and lost.
The bund got really volatile which is the reason for most of the sim losses. I haven’t seen the Bund like that in a long time. I don’t know if it’s traders closing out before the holiday or if there is something going on that I’m not aware of (I don’t read the news while trading).
So overall a great day. My biggest MAE was 6 ticks real and 7 ticks sim. I was using a 6 tick stop but on a couple trades I moved it a tick or two to have it above a high/low. So this is progress. Next step is to stop abusing simulator and only take trades I’d take with real money. I need to prove to myself a 6-8 tick stop will allow me to make more money. I’ll do like today and take the best setups with real money and the rest on simulator. This is a compromise. Once I’m comfortable with 6-8 tick stop on sim I’ll stop sim and trade live. Once I have enough data for that then I can increase size. One step at a time.