I gave long consideration to entering the contest for journaling for the month of April.
1) Some people may want me to divulge the nature of my indicators - which after years of development I feel I have earned some proprietary right too. It took me years to arrive at the lost destination/location I am at. And even if I did, it is my experience that even if you give someone a system that is a winner they would screw it up. (not be profitable.) I might share them with someone who has earned their stripes. But not likely to give them away for free in a public forum to a newbie who is going to use his/her inherited millions to compete against me.
2) I have seen people come on FIO/BMT, act all chummy, pry info out of benevolent traders and then sell training to unsuspecting newbie traders like they were god's gift to the trading world. They are still flogging their crap after 5 years.
3) I might be inclined to divulge my most private thoughts on trading. Like how I think about price. What I look for.
4) The fact is I myself am a struggling trader myself, after years of effort. Yeah I have a full understanding of indicators but I am struggling with the mental execution side at the moment. Will I overcome it. Hell Yes! When? Maybe next week. Did I overcome it before - hell Yes. I am under mental pressure to overcome this obstacle at this time and I don't feel this contest is in my best interest at this time. I want to focus on a specific aspect of trading at this time and this contest might be a distraction. I need to focus on the execution steps - not how many times someone pounds the Thanks button.
So I am not expecting to win the contest, not even going to try. I am just throwing my hat in the ring to get more feedback. Maybe it will help me.
Having said that...hell yes I am all in. Sure why not. What do I have to lose? Risk ON!
I would like to throw my name in the hat. I have a slightly different perspective / background / trading experience from most traders on here. I don't have a very large history, but I think my insights could be helpful. I look forward to the contest!
I will be documenting my first attempt to pass the $50K Combine with TST. I will be focusing solely on the 30 year T-Bonds (ZB) and will expand to the ES if I feel comfortable. The details of my strategy can be found in my journal.
I will do my best to be as honest with myself as possible while still keeping things "clean" for the general public. I've never attempted to record this amount of analysis while trading, let alone publishing it for all the world to read. But I'm convinced it will be an invaluable learning experience.
Best of luck and good trading to all!
The following 6 users say Thank You to PaleMetaphor for this post:
Look at the back end of the journal, and you can see that the money started pouring out to me. Then if you want to see what I was doing, and how I dealt with my problems to get to that point, maybe scan through the previous pages.
I went from losing thousands a day to +$10,000 a week.
Last edited by Trader2016; April 2nd, 2016 at 01:27 PM.
The following 5 users say Thank You to Trader2016 for this post:
As I said in my recent posts it is maybe a little difficult to follow since it is an ongoing process and since I did not have the "chance" to wake up one morning with the "perfect" system and the "perfect" set of skills to execute it (mostly because "perfect" is a word to banish when we are considering trading).
It is a journey and in every journey the landscape change, and most importantly the "traveler" change.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
The following 28 users say Thank You to Okina for this post:
I did NOT participate last year despite contributing heavily in my journal. At that time, I felt that it would add extra pressure in winning the contest in addition to the (obvious) stress of making trading profits. Please note that I don't sim trade.
I don't feel the same pressure now, for unknown reasons, BUT my trading timeframe has become long-term i.e 1-4 weeks. Hence I was not writing lately on a daily basis. I also noticed declining interest in trading and less screen-time. This is not necessarily bad but not my intention.
After some deliberation, I decided to go back to intra-day style for more learning experience during the month of April 2016 and you can follow my thinking here, in this thread.
Here is my journal. On another note, I am not entering the contest to win since I can't take TST funded program due to visa regulations. I passed my combine last year but just before signing an agreement I had to drop it.
The reason is simple: This way I will be more accountable.