Update & Best Practices Qs · InvestCEO with Kyle Henris

Update & Best Practices Qs

After joining the $1M club, it's been helpful to see how I've grown in process...and have still a lot of room to grow! In one area, I can see my general impatience of waiting for trades to hit zones and not wanting to enter at least one trade during the day (I have another strategy on much shorter time frames that I will occasionally pursue). Instead of just tying my hands behind my back to not force a trade, I will embrace this and look at this strategy in more markets other than ES. (Thoughts welcome on that hypothesis!). In so doing, it's brought up more small process problems with best practices that I'd appreciate others feedback on - feel free to also ask if you have a question of your own, we are all in this together!. I'll put my hypothesis with each of these answers since I don't like asking questions before trying to figure it out myself.

Programs: Ninjatrader (put in orders with entry, SL, PT - I'm comfortable with this program), TradingView (new for me, so much easier to chart!), Tradovate (to watch trailing threshold properly - seems that NT8 and TV don't always get this right), Rithmic (for trailing threshold).
Brokers: Tradovate (primary, for long-term copier usage), Rithmic (secondary)
Accounts: Apex (I've done $250k vs $50k for now, but that's only because I'm willing to take on more risk with current promotions in hopes of greater future flexibility with capital and contracts). Will eventually consider TopStep - anybody want to tell me who is greater than Apex?

Data Plans: Since CME data comes with every Apex plan, I can do that for all necessary live data with my prop accounts (not doing personal accounts yet). But with intraday bar replay and backtesting/practicing other markets using previous contracts, I guess you can't use free version of TV. I've found it's best to use TV and get Essential plan (is that right?) and buy it month to month until I can buy the yearly rate at the best possible promotion during Black Friday. Any better thoughts there?
Newer Markets to Consider: Even though I like the more volatile markets, I like the stability of more efficient markets like ES. So I'm thinking CL, then NQ, then GC, then RTY? All the way to BTC ha.
Indicators: fractals, zones (I admit, I have to get updated on the latest buzz that I've heard there's an indicator that will draw zones?), EMA (4,9,21 - that's stuff I use)
Best Timeframes: NY 8:30-12 (where the majority of reversals if they happen go on at 10:30-11, I call them "lunch reversals" where the big whigs like to look active while going out to eat ha).

Hopefully I've put nothing in here that hasn't already been said by either Kyle or others - I'm just putting it en masse in hopes that it both helps others and provides opportunity for feedback. Staying organized, disciplined and focused is the name of the game here, and I plan on doing just that!! Thankful for this community, let's keep working towards our dreams :) - CW

p.s. who saw my Falcons last night? Philly got a taste of the dirrrrrty bird

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