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FIO Journal Challenge - April 2016 (over $1,100 in prizes)
Continuing in the tradition of encouraging journals on FIO, I am announcing a new Journal contest for April 2016.
The rules are extremely simple:
a) The contest begins April 1 and ends April 30. All decisions made by nexusfi.com are final.
b) This thread that you are reading right now will act as the repository for all journals that are entered into the contest.
c) The author of a journal can enter his/her nexusfi.com journal into the contest by posting a link to his/her journal in this thread. Only the author of the journal can do this. Please post the link to the journal ONE TIME, AND ONE TIME ONLY in this thread.
d) Members of nexusfi.com will cast their votes for the best journals by using the "Thanks" button on the post that the journal author has made in this very thread. This is why it is very important the author of the journal make only one post, because only one post will be used to count the total number of "Thanks Received" in this thread, and that is how the winners will be decided. Members can vote for as many separate journals as they want by following the same procedure.
e) There will be three prizes awarded, based on the highest number of "Thanks Received" per the above. The prizes are a free 150K Combine in TopstepTrader's program, a $375 value (each). I will post the full details of the 150K Combine below, or you can visit TopstepTrader's website for more information.
Thank you to @TopstepTrader for sponsoring this event. You can ask questions about their program here:
Michael Patak, the Founder of TopstepTrader, will be monitoring this thread so that he may answer any questions that you post here relating to TST products and services.
Please keep in mind that some customer service/technical support issues are best …
My goal with these contests is to encourage the journaling process, as I firmly believe the more you participate in the journal process, the better trader you will become.
If anyone has any questions, please let me know. This thread will remain closed to posts until April 1st (contest start date).
Here is some information provided by @TopstepTrader on the 150K Trading Combine, of which (3) will be given away during this contest.
The $150K Trading Combine is a real-time evaluation of your trading. In the $150K Combine, TopstepTrader watches your trading performance live on their data feed. Follow the rules, meet the profit target, and you will advance to Funded Trader Preparation.
Daily Loss Limit = $3,000, Max Drawdown = $4,500, Profit Target = $9,000 (all rules may be found here)
Proprietary Trade Reports and Metrics provided
NinjaTrader, CTS T4, MultiCharts, eSignal, SierraChart, MarketDelta Trader, Volfix.net, Trade Navigator, and R|Trader Pro are available for use
Funded Trader Preparation is the final step to become a funded trader. This free, simulated account is where you will get accustomed to trading within the same parameters as your Funded Account. Follow the rules below, meet the profit target, and you will receive a Funded Account.
Funded Trader Preparation:
Trade the Combine product(s) you were profitable in during permitted times
I have done some posting on nexusfi.com (formerly BMT), but this is my first journal.
I hesitated a long while before deciding to start it. Basically, I understand the value that Big Mike suggests a journal can have:
- The accountability of going …
This is a big and fairly old journal thread. If you're not familiar with it, I would suggest skipping ahead either to the latest posts, or better yet, to the post I made when I re-started it after a break on March 27 of this year, and skim forward to the present.
I re-started it, after a month and a half pause, in order to use the journaling process to work on personal accountability in trading, as well as to finally learn how to trade this thing.
I am now posting trades in real time, and I explain as well as I can as time permits, and do a daily recap. I'm trying to learn how to stick to my rules, and also to find out what the rules should be. I am testing and if necessary re-thinking everything I do and have done.
I am going to use the period of this contest to improve my trading up to the level that will let me be consistently profitable.
All these trades are either in the Combine or sim. They will be pure sim during April, and I will return to the Combine in May.
Thanks for voting for this journal, if you like it, by giving a "Thanks" to this post, and by all means check out the other participants who place their journals here, and vote for any of those that you like or that you want to give encouragement to. .
Note that you can vote for as many as you wish, and there will be many good ones you may want to read and follow.
Below is a link to my trading journal that I started at the beginning of this week (March 28th) and will continue through April and beyond.
My goal is become consistently profitable by identifying major levels around which to use order flow to pinpoint entry, then hold that as an intraday position trade. In the first couple of days I got spooked out of some positions early, but yesterday traded how I would like to with consistency. (I'm about to post about it now.)
I'd appreciate any "thanks" here, but would be grateful for your feedback on my progress even more.
After joining Futures.io, I finally became convinced that I should diligently keep a trading journal. Mentally taking stock of my trading decisions and reviewing my executions log simply have not been sufficient to hold myself accountable …