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FIO Journal Challenge - November 2018 edition w/Earn2Trade
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FIO Journal Challenge - November 2018 edition w/Earn2Trade

  #1 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,656 since Jun 2009
Thanks: 29,756 given, 85,471 received

FIO Journal Challenge - November 2018 edition w/Earn2Trade

Hi guys,

Continuing in the tradition of encouraging journals on FIO, I am announcing a new Journal Challenge for November 2018.

The rules are extremely simple:

a) The contest begins November 1 and ends November 30. All decisions made by futures io 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 futures io 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 futures io 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 first place prize is a free 60-day Gauntlet in Earn2Trade's program -- to use towards earning a fully-funded trading account, a $349 value. Second place is a $150 Amazon Gift Card. Third place is a $100 Amazon Gift Card.

f) As we increase the number of these events, we find the need to keep it fair for everyone - so you are only eligible to win a prize in this event if you have not won any other prize within the prior 3 events on futures io. Feel free to participate in the process, but know prize eligibility will be a deciding factor in the final award process.

Thank you to @Earn2Trade for sponsoring this event. You can ask questions about their program here, and get answers directly from Ryan, the Founder of Earn2Trade:
https://futures.io/trading-reviews-vendors/45042-earn2trade-ryan-masten-founder-ask-me-anything-ask-me-anything.html

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.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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The following 7 users say Thank You to Big Mike for this post:
 
  #2 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,656 since Jun 2009
Thanks: 29,756 given, 85,471 received

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,656 since Jun 2009
Thanks: 29,756 given, 85,471 received


Below is a special offer from Earn2Trade, exclusively for Elite Members:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Click this link to redeem the offer:
https://on.futures.io/164o9

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 5 users say Thank You to Big Mike for this post:
 
  #4 (permalink)
Elite Member
North Palm Beach, FL
 
Futures Experience: Beginner
Platform: Sierra
Broker/Data: AMP-CQG
Favorite Futures: CL ES NQ
 
lastmango's Avatar
 
Posts: 19 since Apr 2015
Thanks: 15 given, 9 received

Journal challenge accepted!

Many thanks to Big Mike for setting this up.

Looking forward to a fun month of trading and journaling!

Trading journal is located here:
https://futures.io/elite-trading-journals/45553-trading-journal-lastmango-nov-2018-e2t-challenge.html


Please vote for me with a THANKS below!!!

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The following 3 users say Thank You to lastmango for this post:
 
  #5 (permalink)
Trading for Fun
chennai/india
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: oil
 
Posts: 134 since Sep 2015
Thanks: 102 given, 130 received

Hi,

Trading ON and OFF. Pls Vote with ur Thanks. My Journal link.

https://futures.io/trading-journals/41487-i-wanna-professional-trader-crude-oil-market.html

Market - Indian MCX Market
Platform for Charting - NinjaTrader
RT Data - NinjaTrader Authorised Data Vendor and Customized External Utility
Trade Plan - Price Action with Orderflow

Yawaniga

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The following 5 users say Thank You to yawaniga for this post:
 
  #6 (permalink)
Elite Member
Mumbai, India
 
Futures Experience: Advanced
Platform: ChartNexus
Favorite Futures: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,671 since Feb 2012
Thanks: 3,384 given, 2,783 received

Important: Serious Preparation, Forming Habits, Knowing Yourself = Trading Well

My journal documents an honest journey which really started 10 years ago, and hopefully you may see a glimpse of yourself in my words:

Important: Serious Preparation, Forming Habits, Knowing Yourself = Trading Well

If you find my efforts of value, your vote for me would be greatly appreciated! Please click Thanks below if you feel this journal should win!

Vote for My November 2018 Challenge Journal - If you found Value, please press "Thanks" on This Post
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The following 5 users say Thank You to iqgod for this post:
 
  #7 (permalink)
Market Wizard
Dover+NJ/US
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Infinity Futures
Favorite Futures: ES, NQ, CL
 
chipps1983's Avatar
 
Posts: 1,872 since Jan 2015
Thanks: 4,306 given, 3,109 received
Forum Reputation: Legendary

Chipps Journal Challenge

Here is an entry of my journal for the challenge. I started Live from today with price action reading and watching levels.

https://futures.io/elite-trading-journals/41215-chipps-journal-49.html#post696272

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The following 8 users say Thank You to chipps1983 for this post:
 
  #8 (permalink)
Daytradr
Hanover, Germany
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
Scalpingtrader's Avatar
 
Posts: 1,664 since Apr 2014
Thanks: 2,507 given, 4,107 received
Forum Reputation: Legendary

Scalpingtrader's E2T Gauntlet

I will throw my hat in the ring, too.

https://futures.io/trading-journals/45563-scalpingtrader-s-earn2trade-gauntlet-journal.html

Fitting the first prize of this contest, the journal will be an actual Earn2Trade Gauntlet, an investment I hope to recover from this contest of course

BUT

In spirit of this great community and giving back to it, I commit to the following:
If I should win the Journal copmetition and make it through the E2T process of becoming funded with their backing partner, I will, from the proceeds of my first withdrawal, sponsor a new journal contest here on FIO with 1 E2T Gauntlet as first price.


Now about trading:
My current struggle is in trade- / risk management. So I have created a dedicated Ninjatrader strategy with Entry / Exit buttons that handles this part of trading for me.
This way, I am reducing the possibility to move stops & targets on a whim & completely going off the rails from thereon after.

The management rules are simple, really:

Stoploss
always one tick below the low of the last three candles (for longs, reverse for shorts)

Position Size
calculated on a max. risk-% of account size & the stoploss distance. I am accounting for 1 tick slippage in this calculation, as entry is with stop orders.
For the Gauntlet, the settings will be 1% of account size (i.e. 250$) per trade. Maximum number of contracts is further limited by margin requirement.

TakeProfit
Reviewing historical charts & average swings, I have concluded that, for me personally, 1.5 x the 12-period ATR is a good middle ground between win-ratio and risk/reward. (5min chart).
Moving forward, I will periodically review actual trade history to determine whether a larger or smaller target is more suitable.
Special rule: If the ATR-target is smaller than the calculated risk, the target will be extended to meet 1:1 risk/reward ratio.


As for what & how I trade... :

> no indicators, just price action. In the past I used VWAP, EMA, PP & Fib ratios. With context, they all work. But it also works just fine without those things, so over time I have come to appreciate the clarity and focus of a clean chart.
> 5 minute chart. Definitely ES, probably also 6E. Personal account also sometimes FGBL during London session. Ive traded all kinds of markets successfully at one time or another, so my opinion is that market selection for my trading is not make or break criteria - unlike habits & behavior
Currently the volatility in ES often doesnt allow for a stop with less than 250$ risk, so this is additional reason to look for additional markets.

> Traded setups are more or less:
- Trend Reversals (for ranges and broken trends)
- Simple pullbacks for strong trend continuation
- complex pullbacks for "normal" trend continuation
- continuation at trendlines

All setups require at minimum a break of a prior bars high, preferrably or a completed signal bar.
Below two charts illustrating a few entry points. Now don't assume that this is exactly how I traded these examples. I didn't and I don't claim to achieve this kind of accuracy in realtime.
It is nonetheless a good illustration of how I look at charts. On good days in realtime, on the other days at least in hindsight

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



The setups etc. will hopefully become clearer over time as I post actual trades charts in the journal.


Happy trading to all readers and fellow contest-participants.

Cheers,
ST.

P.S.: Now that you've come this far down in the post, it would be a shame not to press that "thanks button", right? ... ;-)

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The following 19 users say Thank You to Scalpingtrader for this post:
 
  #9 (permalink)
Trading for Fun
https://futures.io/trading-journals/45382-traderex
 
Futures Experience: Intermediate
Platform: Self derived
Broker/Data: Tradovate Commission Free Trading
Favorite Futures: E-MINI, ES, YM, CL, and NQ
 
Posts: 87 since Sep 2018
Thanks: 47 given, 115 received

Thanks Big Mike

https://futures.io/trading-journals/45382-traderex-cme-es-s-p-500-futures-contract-tradovate-one-three-tic-target.html

I've been at this journal for a month or so and see how capturing my thought on a regular basis adds to much added confidence and stability.

I started my journal to have a written record for my son who is not ready to hear how this works yet. I have many ailments including metastatic melanoma and never know when the my last trade will come. I always use a bracket in the event I expire with an open trade (LOL). I'm good with living and good with dying, chronic pain.

Not sure about even using first prize effectively but am a competitor.

If my journal is up to your standards of community minded members who offer their hard work freely, without an expectation of reciprocation, then

HIT THE LIKE BUTTON TWICE, JUST IN CASE.

THANKS BIG MIKE FOR A NICE EXPERIENCE HERE ON FUTURES IO

EX

PS Coming off my best three months and last month was my best cash out ever. Scalpers unite here at FUTURES IO


Last edited by TraderEX; November 1st, 2018 at 03:04 PM.
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  #10 (permalink)
Trading for Fun
Moscow/Russia
 
Futures Experience: Intermediate
Platform: Investor RT
Broker/Data: NT Brokerege/Rithmic
Favorite Futures: NQ,ES,CL
 
jonnytrade's Avatar
 
Posts: 187 since Apr 2016
Thanks: 20 given, 149 received

Journal challenge- Challenge to grow!


Hello guy`s
This is my second Journal challange. I would like win this challange becouse:
- My journal this is my daily work, how iam work and learn;
- Each day iam do and post my Pre market plan and idea for current day;
- Each day iam do Market recap and look what was good and where i was wrong;
- Each weekend iam do Weekly report where iam look how iam grow, learn and trade!


This is my road to success!

My journal: https://futures.io/trading-journals/44499-jt-day-trading-journal-17.html

Please hit "Thanks" I will be very glad and lucky!

Thanks!


Last edited by jonnytrade; November 3rd, 2018 at 06:28 PM.
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