self coach trading - futures io
futures io



self coach trading


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one alejo with 332 posts (228 thanks)
    2. looks_two xelaar with 17 posts (22 thanks)
    3. looks_3 ratfink with 10 posts (20 thanks)
    4. looks_4 Itchymoku with 8 posts (12 thanks)
      Best Posters
    1. looks_one tigertrader with 5.2 thanks per post
    2. looks_two ratfink with 2 thanks per post
    3. looks_3 xelaar with 1.3 thanks per post
    4. looks_4 alejo with 0.7 thanks per post
    1. trending_up 60,298 views
    2. thumb_up 449 thanks given
    3. group 41 followers
    1. forum 450 posts
    2. attach_file 328 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

self coach trading

(login for full post details)
  #201 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received


alejo View Post
thank your help and support!

i feel strange ,

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #202 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received


alejo View Post
i feel strange ,

and without checking the screen, it is the first day that i am not attracted to open and check the markets, and see what i miss

now i have a lot of time for other things, and i am dissoriented

work more, spend more time with my kids,...

while i continue to reading how we think

chapter 4 commnets

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #203 (permalink)
 sands 
London + UK
 
Experience: Advanced
Platform: Proprietary Analytics
Broker: Multiple broker + Multiple feed
Trading: Currently European and US equities
 
sands's Avatar
 
Posts: 443 since Dec 2013
Thanks: 256 given, 229 received

I know exactly what you mean. I've stopped trading since February as I've been working a lot (day job), and it feels v different to not be in the market. But good to get time to focus on some learning and enjoy living a little. :-)

Reply With Quote
The following user says Thank You to sands for this post:
 
(login for full post details)
  #204 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

how we decide chapter 5 choking thoughts


La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #205 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received


sands View Post
I know exactly what you mean. I've stopped trading since February as I've been working a lot (day job), and it feels v different to not be in the market. But good to get time to focus on some learning and enjoy living a little. :-)

i feel frustrated, because the failure

but i could not continue with a down spiral i had have enough

for now, i continue slowing down process, reading and talk about "how we decide"

thinking in what will it be like the learning process

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #206 (permalink)
 sands 
London + UK
 
Experience: Advanced
Platform: Proprietary Analytics
Broker: Multiple broker + Multiple feed
Trading: Currently European and US equities
 
sands's Avatar
 
Posts: 443 since Dec 2013
Thanks: 256 given, 229 received

Don't be disheartened, just analyse the markets and keep at research and study and when you feel ready go back into it.

good luck.

Sands

Reply With Quote
The following user says Thank You to sands for this post:
 
(login for full post details)
  #207 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

now i realize that i need to know when i will be able to trade, and i do not know, yet, to fit my new schedule of my job and family
last 2 years, 1st trading and anything around that
now, first job&family and trading around that

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to alejo for this post:
 
(login for full post details)
  #208 (permalink)
 wldman 
Market Wizard
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
wldman's Avatar
 
Posts: 3,341 since Aug 2011
Thanks: 1,978 given, 8,856 received

to see that @alejo

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to wldman for this post:
 
(login for full post details)
  #209 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

I have finished the book, and i think this


it was useful for think about this, and take very serious the issue (10% technical and 90% mind)

specially i think , it is very hard to hold the winner and not exit soon, and all the things that i think while i am holding that.

of course the first step is not let the losser become in a big loss.

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #210 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

after thinking about that, tomorrow I will start a test, i will work in my job 100% all day , stay with the family, take the dinner and after that, only i can watch the markets at 2100 till 2215 spanish time
1500 till 1615 ET, that is the close.
In that period the index markets move, i do not know if 6e move, also i do not know how tired can i feel.can i daytrade with 1,5 hs?
with this schedule the time is limited per se, i can not continue trading several hours, or giving back.
i think theres one or two possibilities to trade
also i can analyze the markets for swing trading with m6e, if 6e does not move
if i have time , some days, during the day ,i use only to read/study, not stare at screen

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #211 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i am more calm now
i was watching the markets and i planning to continue the learning process
evidently one key is watch objectively the markets, and not act with no control

i was testing how can i hold a winner

i was testing, the problem to hold the winner and not close it early, i tested in nq, waiting a location, enter and once in, for several reasons, i exit before, cut them in this way , do not let me take nice winners.
i was trying to think, why i want to go out now, and not go out, thinking how the mind works.
but i remember a lot of times than go up and become a loser.
i got some zn , with nice momentum, than i let it run a while i write on the journal

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to alejo for this post:
 
(login for full post details)
  #212 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

this last month, i was listen to ft71 prep daily, doing the job to think first in my prep, focus on watch objectively the markets, while i patiently wait for possibles setup, replaying the week, pre atention to vol profile.
and starting to do some trades
and try to observe myself
main topics to deal
patience
easilly can overtrade
hold winners

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #213 (permalink)
 ratfink 
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
ratfink's Avatar
 
Posts: 3,651 since Dec 2012
Thanks: 17,422 given, 8,403 received


alejo View Post
this last month, i was listen to ft71 prep daily, doing the job to think first in my prep, focus on watch objectively the markets, while i patiently wait for possibles setup, replaying the week, pre atention to vol profile.
and starting to do some trades
and try to observe myself
main topics to deal
patience
easilly can overtrade
hold winners

Welcome back, take care and slowly, slowly catch a monkey... maybe promise ONLY two trades a day?

Travel Well
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to ratfink for this post:
 
(login for full post details)
  #214 (permalink)
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received


alejo View Post
after thinking about that, tomorrow I will start a test, i will work in my job 100% all day , stay with the family, take the dinner and after that, only i can watch the markets at 2100 till 2215 spanish time
1500 till 1615 ET, that is the close.
In that period the index markets move, i do not know if 6e move, also i do not know how tired can i feel.can i daytrade with 1,5 hs?
with this schedule the time is limited per se, i can not continue trading several hours, or giving back.
i think theres one or two possibilities to trade
also i can analyze the markets for swing trading with m6e, if 6e does not move
if i have time , some days, during the day ,i use only to read/study, not stare at screen



good luck! take is slowly. you can certainly day trade around the close, forget the 6e, check out fesx if you want to trade europe. very easy trading in fesx and even dax two hours into close (at 2200 CET) 1-2 setups is all you need

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to xelaar for this post:
 
(login for full post details)
  #215 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

it is very easy for me go back from waiting and try to be objective to overtrading, or stare at the screen , and p/l up and down, and get lost again deciding when or how enter, or even jumping to others instrument where i think ,oh here i have a good opportunity, specially after the nice winners
even when i have set -300 daily limit, it is easy to go down several days in a row, and give back all the previous day. all in an emotion based environment


then with the purpose tu learn in a more long term perspective and a more statistical approach to grasp another perspective i go to sim to analise some results
and if the are ok, try to repeat it in live, respecting the rules,

on 28 ago i have started a test:
on sim s5, the coin toss test,

target 24
stop loss 8

and in sim nt, i made some trades with the same R/R ,and the setups could be
-after go to an extreme and reach important level, according the PA, play back to mean
-after breaking IB pullback to ib
-after new hh or ll, pullback to mid or vwap

to compare them

i was shocked for the result of coin toss
all day in market, with a random entry , one after other, and i see that they are veryu good
see in the long run.

the details of trades i write on my journal


La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #216 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

in this test i can see:
more calm
more relax
more detached from the outcome
more objective
also not stared anxious to the screen

is this the money?
is this the risk per trade issue?
is this fear of loss?
is want to be right?
is this another thing?
is everything?

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #217 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i do not understand how 8tick stop loss look very small when i enter the trade, mickey mouse trade according
@mfbreakout, but when i executed the orders from the coin, although, buy sell at markets, at the end the day, some of day worked very well, ie 8 tick sl works

the situation of buy ,sell with bracket 24/8 and do nothing is very calm, if i compare with stare anxious at the screen try to imaging what is next, what does her do, continue, come back, bout, etc.

all the times i went live, always touch the limit, independently of the the up days, i finish underwater on the longrun(not so long sometimes)

i think i can select higher prob entries, better than the coin algo, then in the long run my results must be better

but in the other hand, if the best entries, most people do not see them, (me too)
with the coin algo, i can catch them in the randomness entries world

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #218 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

as ft71 says , it is necessary to have a preparation before the trading date

here are my first preparation
30 min chart


700vol chart


prep



La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #219 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i wait , wait, and it look the hypo 4 is the only available,
ok go down, break ibl
trade1 -4092.75
mfe+17
stop out -8

and after that i made 7 counter trend trades,fading the trend
(because i was thinking the trend is up???
only one, the last was winner

7*-8
1*+24

the key trade could be a short from the start....but if i reach my hypo4 could be
fade the pullbacks, but i was thinking , now bounce, not
now bounce, not
then , i was trading my thoughts, not what i was seeing
also in price action, i see patterns , but i overwrite with my thoughts

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #220 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

yesteraday ,quickly i lost the objectivety,

my preparation for today






see what can i do today

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #221 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

it was OAIR instead OAOR

the hyp 1 was the correct with the dif 94/96 101/100

i think first was the hyp3 changing the suppor4074 instead of4059, i use this i went long in a little pullback, w+24

later change hyp1 , try to fade 4100, fail 96 and 97 with 8 t sl

it is dificault to manage online the roadmap
but it better than nothing

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #222 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received







levels
4100-4092-4084-4061-4055-4049-4044-4036-4030-4019-4014-3997-3979-3954

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #223 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

almost nothing
this is the unfolded day at miday (later continue up and up)


the hypo3 was the correct, but at first , i think was the hyp4, then i wait the pullback mid vwap, both failed
,then i say, oh, was the other, hyp3, but i am late, i chase thinking a b/o but , it comes all the way down, to the db
i try to buy the bounce, it was stopped with my tiny stop, and then, when i realized, that all my effort was unsuccessful, i say , ok, and i starting throwing darts, as a crazy, and the performance was a lot worse than random entries, i overtrade a lot.
this is not working, and of course with my behavior i get to confirm that is not working
the cointoss get better result than me
what can i do? i think 20loser 1 winner, maybe i can try 8target and 24 sloss....and go for win%rate
only trade max3 per day, as limitation of the only 3 chances to try my hypos.



why i have starting to overtrade?
when i failed the 3 first trades, i think, how is possible?
(also when i compared, the cointoss doing some winners...
some trade i will get lucky...and start chasing, i know that is not good.
is like i get down the arms, and say, well, there s nothing to do.

with the 3 trades rule, unless i can stop a losing strikes
3 trades
1 winner , next
1 loser next
1 win+1 loser , one more and stop
2 loser stop
2 winner stop

also i can test
24 stop loss 8 target
today i have 95.2% of losing trades
with risk:reword 24:8
i need more than 67% winner with thios theory
but is go back to the scalp world

other possibility to continuying with 1:3 is to try 24 s loss and 72 target
but if i have bad readings of the markets, only increase the size of the losses
(but 3 trades with 8 sloss=1 trade 24), what is better?

the prep and read the context i think is usefull

i would like to be prepared to enter a nice location, as today , 52/56 area, enter and hold to all way up.
is possible?how?

anothers ideas, are
test others products,
test others strategies

what is my strategy today,?comes from ft71 lesson

read context based on vol profile
find key levels
wait to reach to that levels
read price action to decide can happen what expected
enter with define risk

and here is the think where i do not like it, he scale out, and scalp
(i will analyse the results of cointoss to compare aiao /so)

and i would like to go scale in and bigger targets

the @mfbreakout comment, stop loss 1atr+150tick in cl?
if he has 300 tick stop, his target is 600?900? or the target is less the stop. i will ask him

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #224 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

well, i was defetead in the first round

and now i want to try these ratios
3:1 , yes risk 3 reward 1, maybe sound crazy, but , if i take in consideration the distance of the stop, maybe is not so crazy
little stops is a criminal proposal
and after the 20losers/21 with stop 8 and target 24, i go to invert that
to reach 8 tick ,it looks easy if i do not enter against OTF
and 24 ,it needs some times to reach there, i will be wrong without any doubt i think
it is almost a scalp strategy without stop loss, only an emergency sl, or something similar
also i run a random test ,coin toss in nt
and in s5 with ta analyzer i execute my trades
i continue doing my preps influenced by ft71, try to read context, wait key levels and execute the trade
with this r:r i have no room for too much mistakes
it is better to wait a direction confirmation and enter in a pullback , or in a range environment

also take accountability with both combis to put more limits on the results, if break the limits stop

in the other hand, i think, what i am doing?
if i want to learn to go out of the scalp
maybe 120/360, ?

we ll see

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #225 (permalink)
 isla 
Kyiv/Ukraine
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: Indexes, CL
 
Posts: 114 since Jun 2012
Thanks: 79 given, 174 received

Hello alejo,

I've been following your posts for over a year now. I don't know if you think you are struggling or if you are ok with trying new methods and ideas over and over again.

In case you do feel lost:
I don't want to give you any advise to prevent additional confusion. But please do yourself a favour and stop experimenting and focus on one method you do understand. I'm sure that by now you've accumulated enough knowledge. There must be something you believe in about markets. Really give yourself a chance and prove if that works or it doesn't. It will take time. You may need to make some adjustments down the road, but if your views are based on solid principles you should be able to find a way out just by analysing your own performance. Sometimes your mistakes can be a source of future opportunities.

You need to realise that there is a chance you would have turned the corner by now if you didn't jump from one method to another.

I think this is the single most important decision you need to make. If you don't, you don't stand a chance.

Reply With Quote
The following user says Thank You to isla for this post:
 
(login for full post details)
  #226 (permalink)
 Scalpingtrader 
Hanover, Germany
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
Scalpingtrader's Avatar
 
Posts: 1,868 since Apr 2014
Thanks: 3,024 given, 4,831 received


alejo View Post
well, i was defetead in the first round

and now i want to try these ratios
3:1 , yes risk 3 reward 1, maybe sound crazy, but , if i take in consideration the distance of the stop, maybe is not so crazy
little stops is a criminal proposal
and after the 20losers/21 with stop 8 and target 24, i go to invert that
to reach 8 tick ,it looks easy if i do not enter against OTF
and 24 ,it needs some times to reach there, i will be wrong without any doubt i think
it is almost a scalp strategy without stop loss, only an emergency sl, or something similar
also i run a random test ,coin toss in nt
and in s5 with ta analyzer i execute my trades
i continue doing my preps influenced by ft71, try to read context, wait key levels and execute the trade
with this r:r i have no room for too much mistakes
it is better to wait a direction confirmation and enter in a pullback , or in a range environment

also take accountability with both combis to put more limits on the results, if break the limits stop

in the other hand, i think, what i am doing?
if i want to learn to go out of the scalp
maybe 120/360, ?

we ll see

all of that sounds pretty scattered and confusing (confused?) to me...
Don't know how you do it but I couldn't achieve sh** if I didn't focus on one thing relentlessly.
I know that cause I tried & switched and mixed and tried and all that at the same time...

I hope you find your "tarding refuge" - the system that you understand and trust that it can make you money - soon. I found mine, now I need to learn living there day in day out.

All the best

ST

Reply With Quote
The following 2 users say Thank You to Scalpingtrader for this post:
 
(login for full post details)
  #227 (permalink)
 jsengxx2 
Portugal, Viana do Castelo
 
Experience: Intermediate
Platform: ninjatrader
Trading: 6e
 
Posts: 343 since Sep 2011

Hi alejo,

Sorry to say this to you but I feel that I have to do this, all I have seen here is the typical behavior of the failed trader.
I have helped you in the past by giving you a complete course for free (I had to pay for it by my self!) but after 1 day I already new the outcome from it. It took me about 1 month to study all of the material that I gave to you and you did all that studies in about 2 days. Then you have to sim trade it for at least another 3 months, backtest it, etc...
What you are looking for is a magical button that you can press on and be profitable for the rest of your life. Stop looking because that does not exist.

Typical errors:
- Jumping from one stragety to another
- Trading without stop loss
- to Low Risk reward ratios
- Looking for the holy grail

What you have to do:
- Forget about trading until you understand the chart
- Look at High Time Frame and find support and resistance levels

When you can find those support and resistance levels:
- look at setups at those areas
- make your own trading strategy!

If you cannot do that then just forget about trading and go on.

l

Reply With Quote
 
(login for full post details)
  #228 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

this is the main idea for today

today i start the test of
8target
24stop
1 with my entries and
2 random cointoss




La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #229 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received





La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #230 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
 
Posts: 2,893 since Apr 2012
Thanks: 1,683 given, 3,667 received

what happened to trading zb / zn?

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
The following user says Thank You to Itchymoku for this post:
 
(login for full post details)
  #231 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received


isla View Post
Hello alejo,

I've been following your posts for over a year now. I don't know if you think you are struggling or if you are ok with trying new methods and ideas over and over again.

yes i am struggling of course, more than struggling ...

In case you do feel lost:
I don't want to give you any advise to prevent additional confusion.

i appreciate your comments and your time

But please do yourself a favour and stop experimenting and focus on one method you do understand.
good idea!
i need to try to find something i understand

I'm sure that by now you've accumulated enough knowledge. There must be something you believe in about markets. Really give yourself a chance and prove if that works or it doesn't. It will take time. You may need to make some adjustments down the road, but if your views are based on solid principles you should be able to find a way out just by analysing your own performance. Sometimes your mistakes can be a source of future opportunities.

good idea

You need to realise that there is a chance you would have turned the corner by now if you didn't jump from one method to another.

could be, yes


I think this is the single most important decision you need to make. If you don't, you don't stand a chance.

thanks

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #232 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received


Itchymoku View Post
what happened to trading zb / zn?

thanks for ask and for your interest

as i try to learn ft71 way with VP, and he use indexes ,es,etc i am practicing with them

also what happened while i was practicing with zn, was ,i do not like it the way a lot of time zn is correlated with es,
sometimes directly, sometimes inversely
i was watching zn, then something happen with es, affect very directly zn
who manage who?

i think also the nq offers more trades opportunities, more volatility, and less risk per tick 5 agaisnt 15 tick,

all these things are general ideas why i am trying different things to find something i feel comfortable

also i was practicing with m6e but it is difficult to cost lot/target for short targets and stay focus with the little amount of money
and with big swings i made horrible

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #233 (permalink)
sierraspec
London + UK
 
 
Posts: 1 since Sep 2014
Thanks: 1 given, 1 received


alejo View Post
thanks

100% agree with you alejo!

It is all about our beliefs, which includes finding your edge and developing it, which you can only do when you believe in it!

That edge may be a Volume Profile, measured move / pattern or indicator (or whatever) based.

But that is not enough: you need to have strong beliefs about your risk management, eg: "I believe I must get my trade safe quickly by either moving my stop on scaling out so I can relax and let this trade go and focus on the next trade, because the outcome of this trade is determined by a random series which will be profitable in the long run, because I have an edge I understand and believe in."

Stick to one approach, develop your style, become an expert and never change it - at the same time work on your own psychology and learn to manage your emotions.

Good luck and good trading!

Reply With Quote
The following user says Thank You to sierraspec for this post:
 
(login for full post details)
  #234 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

turn here?
it will continue down?
again and again
but in a moment, swift rejection
it has turned
yes was there
it is easy now see that
but i am out
can i enter now?, chase it
what if it is a pullback and continue?

if wait and do not enter , i can lost

i think the problem i had is because i do not like it lost the possible move, i am not wait it, not be patient to wait enough
and jump early

but once it has turn..i can enter in the first pullback? or go with them

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #235 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

preparation



charts




i go to networking meeting now and i come for the open

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #236 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received







La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #237 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

yesterday i passed the combi,


but with trades with 30lots, then is not valid for this little combi
i was building a position, or ad to losers?or fighting the trend?
i lost all the trend down
i will test the 150k combi max 15l dll3k, max dd 4k5 target 9k to let have some flexibility or dry powder as mfbreakout says
i stop the tests with the 8 tick or 24 tick stop target tests, i will manage the position trying to enter with trend in the key levels zones, managing the risk accordingly, or trying to

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #238 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received













i need to watch them
and see ON and make the prep

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #239 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

ON



Prep




today i start the combi150k test with 15 lots
target 9000
max DL -3000
max DD -4500

atr aprox30x1.5 45 stop loss
start with 3lot and build up if go well

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #240 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

yesterday the hyp 2 test 4010/4000 area and find buyers to 4060poc ,was perfect, i have writed it, so?
nothing, i could not reach it, or trade it accordingly
i was short bias, and i sell the pullback, also i see a strong OS rej, and internals, but i could not be objectiveš also i add to the posit, and when i was able to exit with profit, and i think i can reverse around4016 i did not, and i get a big loss,
i overpass the limits but i will continue the 10 days combi for trainning purpose

why is so difficult to staying in the right side?
i need to be more objective a give atention to the sign i am seeing as they unfolded

for today



30 min

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #241 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

yesterday the prep was good and the hyp2 was perfect

the day was good, after the massive losses of day one i can manage better the risk
and i like the job to trade with 15lots, building up, decreasing,
today i have to work a lot and i did not make the prep
only watch the charts i see very close the opnening and the O/S
i need to read more about the famous 2 lines range, i have severals lines
today was slow and confusing and i revererse severals times, better stay aside
in hindsight, always say , if i have waited more, i think i hurry, thinking, i lost this.

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #242 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

today i made some changes to my tools
1min change for 5min in sc
no more jigsaw
700 vol to 1400 vol
3minfs auc change for 5 min
2tr change for 4tr


prep for today



1400v

daily

30min

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #243 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i have done the hyp2 very accurate, but for what?
i was stubbornly long, and i could n t reverse, i thought, my hyp 1 was ok...
as @mfbreakout says, could be better to wait and see

regarding the change with the tframe, i fell a little lost, and with time to do nothing, because i do not have the dom to stare at it

more time to think and be objectively, but i need to do it

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #244 (permalink)
 RichardHK 
Hong Kong
 
Experience: Intermediate
Platform: NinjaTrader, TWS
Broker: IB/Kinetick
Trading: ES
 
Posts: 236 since Jan 2012
Thanks: 132 given, 331 received


alejo View Post
i have done the hyp2 very accurate, but for what?
i was stubbornly long, and i could n t reverse, i thought, my hyp 1 was ok...
as @mfbreakout says, could be better to wait and see

regarding the change with the tframe, i fell a little lost, and with time to do nothing, because i do not have the dom to stare at it

more time to think and be objectively, but i need to do it

Hi Alejo,

With great respect, you seem to be stuck making things so complicated. Your 3 hypotheses were simply (1) Up, (2) Down, and (3) A trading range - which is what the market does all the time. Basic price action. So why bother stating the same and then getting locked into one of them?

Many others have tried to help you simplify things. Do think about keeping it simple. And stop changing things all the time. Save your valuable time and energy (and $$ of course).

Richard
Hong Kong
Reply With Quote
The following user says Thank You to RichardHK for this post:
 
(login for full post details)
  #245 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received


RichardHK View Post
Hi Alejo,

With great respect, you seem to be stuck making things so complicated. Your 3 hypotheses were simply (1) Up, (2) Down, and (3) A trading range - which is what the market does all the time. Basic price action. So why bother stating the same and then getting locked into one of them?

Many others have tried to help you simplify things. Do think about keeping it simple. And stop changing things all the time. Save your valuable time and energy (and $$ of course).

thanks richard for your time.
the idea of doing preps is go with some task done to the market and think before the battle, of course theres 3 posibilities, but what will do if happen one of them.

what happen to me once i am in the battle, ?why i do the opposite?

as you can imagine, i would like to learn how to do this.
i do not want to complicate myself if i can do simple and quicker
i am uncomfortable with almost i was doing
then i am trying differents things to try to find how can i be more comfortable (is that fit with my personality?)
of course, i like your comments and all your help you can bring me in this race

thanks

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #246 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received











La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #247 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i hear something interesting from ft71, about our job as a musician in an orchestra, we need to wait our time, enter when is our turn, execute and stop, and wait for next time.
as a beginner, you can play shorts parts first, as you execute them more comfortable, you an play longers pieces
if you are learning and try to execute master pieces as short 2014 and cover 1969 and go long there ,as @tigertrader, @bigmike, @mfbreakout, and other adv. traders do, you get burned

other example as baseball player, you try to go to 1 base at time, or go for a home run when you are learning

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #248 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
 
Posts: 2,893 since Apr 2012
Thanks: 1,683 given, 3,667 received


alejo View Post
i hear something interesting from ft71, about our job as a musician in an orchestra, we need to wait our time, enter when is our turn, execute and stop, and wait for next time.
as a beginner, you can play shorts parts first, as you execute them more comfortable, you an play longers pieces
if you are learning and try to execute master pieces as short 2014 and cover 1969 and go long there ,as @tigertrader, @bigmike, @mfbreakout, and other adv. traders do, you get burned

other example as baseball player, you try to go to 1 base at time, or go for a home run when you are learning

I always want to solo and jam-out when I'm not supposed to even though I think I can add value to the orchestra. The problem is there is no way to evaluate if I can pull it off again or again with the same veracity at different performances unless I've memorized exactly what I'm doing. So if you're testing it's important to focus on the specific type of trade you're looking for and not settle for anything else. If you do settle for less and make a profit then whats to say you won't try it again and again eventually diminishing the profit you got in the first place? There needs to be certain level of uniformity in the context you're trading otherwise you're going to get random results. For me, the context of the trade is just as important as the setup. If one or the other is missing then my previous trading experience with the method will be useless.

ft71 is always great with analogies and teaching in general.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
The following 2 users say Thank You to Itchymoku for this post:
 
(login for full post details)
  #249 (permalink)
 tigertrader 
Philly, Pa
 
Experience: Master
Platform: NinjaTrader
Trading: ES, ZB
 
tigertrader's Avatar
 
Posts: 6,255 since Jul 2010
Thanks: 6,574 given, 34,957 received


alejo View Post
i hear something interesting from ft71, about our job as a musician in an orchestra, we need to wait our time, enter when is our turn, execute and stop, and wait for next time.
as a beginner, you can play shorts parts first, as you execute them more comfortable, you an play longers pieces
if you are learning and try to execute master pieces as short 2014 and cover 1969 and go long there ,as @tigertrader, @bigmike, @mfbreakout, and other adv. traders do, you get burned

other example as baseball player, you try to go to 1 base at time, or go for a home run when you are learning

this is the same pitfall that almost every new trader falls into, that is they want to trade THEIR way, which is inevitably a very comfortable, myopic, risk averse kind-of-way, as opposed to trading the correct way. the correct way being defined as the process necessary to make optimal profit. quite simply it's a defense mechanism that is used to block confrontation with an unconscious conflict and it's associated emotional stress. so, the new trader trades his way and develops bad heuristics and a misguided process, all the while rationalizing that he is an amateur that needs to crawl before he can walk. the misconception on the part of the new trader is that his way of trading and his way of approaching the market is less risky, when in fact, it is not. he is just losing his money in smaller tranches or as @Big Mike would say," dying the death of a thousand paper cuts." and, on top of it he is reinforcing an irrelevant and pointless methodology. i've seen traders on this forum waste years of their trading development adopting this attitude of intellectualization. the point is that the market is not going to adapt to you-you are going to have to adapt to the market. that's why you trade 1&2 lots when you are a beginner and increase your size as your competence and confidence grows. what you don't want to do, is fall into the trap of making excuses why you can't do something the right way from the start.

Follow me on Twitter Reply With Quote
The following 8 users say Thank You to tigertrader for this post:
 
(login for full post details)
  #250 (permalink)
 tigertrader 
Philly, Pa
 
Experience: Master
Platform: NinjaTrader
Trading: ES, ZB
 
tigertrader's Avatar
 
Posts: 6,255 since Jul 2010
Thanks: 6,574 given, 34,957 received


Itchymoku View Post
I always want to solo and jam-out when I'm not supposed to even though I think I can add value to the orchestra. The problem is there is no way to evaluate if I can pull it off again or again with the same veracity at different performances unless I've memorized exactly what I'm doing. So if you're testing it's important to focus on the specific type of trade you're looking for and not settle for anything else. If you do settle for less and make a profit then whats to say you won't try it again and again eventually diminishing the profit you got in the first place? There needs to be certain level of uniformity in the context you're trading otherwise you're going to get random results. For me, the context of the trade is just as important as the setup. If one or the other is missing then my previous trading experience with the method will be useless.

ft71 is always great with analogies and teaching in general.

indeed, sound theories reflect context. too many traders take an attribute-based approach where they think the market is always going to the same thing regardless of the circumstances. they don't take into consideration market structure, price drivers, sentiment, etc. and then are at a loss when the market doesn't act they way they though it should.

Follow me on Twitter Reply With Quote
The following 4 users say Thank You to tigertrader for this post:
 
(login for full post details)
  #251 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

YHI 4061 and poc is key to go up
wvap4052 is defending and each time rejecting down
ypoc 4046
yval 4044
onpoc4043
onlo4027
if break 4027 then
4016
4009
4000

if go up the other side of4061 up 4071

hyp 1 go up
hyp 2 bo & LL







i try to follow the advices from @tigertrader, i try to find out which will be right things i need to focus
thanks gary

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #252 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

follow @tigertrader i go for points and size
long bias and hold...con 2 huevos
i can do it!

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #253 (permalink)
 tigertrader 
Philly, Pa
 
Experience: Master
Platform: NinjaTrader
Trading: ES, ZB
 
tigertrader's Avatar
 
Posts: 6,255 since Jul 2010
Thanks: 6,574 given, 34,957 received


alejo View Post
follow @tigertrader i go for points and size
long bias and hold...con 2 huevos
i can do it!]

muy bueno!

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to tigertrader for this post:
 
(login for full post details)
  #254 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,974 since Jun 2009
Thanks: 32,440 given, 98,183 received

Remember to be consistent. You can't just decide to go for a bigger gain on this trade because you want to be like @tigertrader. If you really want to emulate him, you've got to be extremely consistent over a long period of time.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #255 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

my prep for today
focus on market and me





La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #256 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i was on the long bias...

but what about the focus?


La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #257 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

this tf practice



La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #258 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

as @mfbreakout said
I am a daydreamer

i see the OS, went long on pullback, but
but when OSL was break, i lost my mind, instead of realizing that my hyp3 , test 4077 and go down was happens, i start to day dreaming

focus on this

i need to take care about my day dreaming tendency

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #259 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

tt @tigertrader trade
yesterday the first one more than 30K
close tf 2nd today for more 40k


the 2 tt





this demo has50k before this 2 trades

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #260 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,974 since Jun 2009
Thanks: 32,440 given, 98,183 received

Nice job journaling @alejo.

I want to let you and all your readers know that in October futures.io (formerly BMT) has a Trading Journal contest w/prizes. The contest runs October 1 to October 31, and the three best journals (as decided by futures.io (formerly BMT) members) will receive a 150K combine from TopstepTrader.

The contest thread is here:



That thread will be open for posting starting Wednesday, October 1. As the author of your journal, you need to make a post in that thread linking to your journal, and then ask users to press the "Thanks" button on that post if they want to vote for your journal to win the contest.

Members can vote for as many different journals as they want. Votes are cast in the Contest thread only, and only on the first post made by the author of the journal that contains a link to their journal. This is done so I can easily count the "Thanks Received" by author/journal, and award the three prizes.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #261 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

another @tigertrader trade (tt) to finish the combi 150k





La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #262 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

after receiving some recomendations from @mfbreakout about the size, and the relation with equity and target i decide to not continue the 450k 45lot test, i need to decrease the max size, then i think it will be better change the parameters.
450k target 20k max daily loss limit 10k max dd 20k max size 15 20 days targeting 2k in winning days to average 1k per day.

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #263 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i m doing a forex challenge SIM, then it require to study new things, open the mind, and test other things.
i am using w/d charts and 60 min to trade. i will let open the positions, i thing this will be more relax
i was studying the leverage, lots, spread, etc
and also i can see all the charts as pairs, i will put the focus on similar relations with futures
i select the pairs with similar fut 6e,6b,6c,6a,6n, and 6j but this inverse
i apply the warning with leverage
practice to read the charts, and take decisions.

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #264 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i was wondering ,when i was reading threads how can the traders do that
and today i have done it, first time

trade1


+6@34
-3@43 vwap
+3@38 pullback
-3@51 Yhi =OSH
-3 @mkt 55 nearIBH



also i reach and overpass the daily goal soon, and i not use more than 6lot



well done!!!
well done!!!
well done!!!
well done!!!

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #265 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

waiting NFP to explode





and forex challenge update
this morning

bef london open


all about DX, if it go up ok


at 638ct

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to alejo for this post:
 
(login for full post details)
  #266 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i am finding I am consistently :
tend to be counter trend
closing too soon nice positions
when i see my hypo is wrong , i hold and hesitate and i finish holding a big losing position with 3 consequences:
1 loss$
2 lost of others opportunities
3 lost of the same opportunity to reverse
4 wasting time waiting
5 i am risking too much, specialy when i want to fix a mistake
6 i am not able to decide what side go

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #267 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,974 since Jun 2009
Thanks: 32,440 given, 98,183 received


alejo View Post
i am finding I am consistently :
tend to be counter trend
closing too soon nice positions
when i see my hypo is wrong , i hold and hesitate and i finish holding a big losing position with 3 consequences:
1 loss$
2 lost of others opportunities
3 lost of the same opportunity to reverse
4 wasting time waiting
5 i am risking too much, specialy when i want to fix a mistake
6 i am not able to decide what side go

How many trades do you take per day?

How many times do you switch directions? Why?

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #268 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received


Big Mike View Post
How many trades do you take per day?

How many times do you switch directions? Why?

Mike

mike, first of all
thank you very much for your interest, time and effort to try to help me
secondly, i would like to congratulate for your cl trade, i was remembering when you enter at 107 announcing the 84 target, and was reached the other day

and regard your questions,
i do not have a fixed number of trades, but thinking on that, in the last test where i was building a position, maybe 2 or 3

but there s days than i can make 10

i change the directions, when i find myself on the wrong side, but later i realize, i am on the wrong side again, and reverse again...then my conclusion is i do not know where the direction is

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #269 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

at first i have started with less instrument,plan to trade future related pairs, building the positions, i reach 117k from 100k, but then severals things happens to me, i increase the size on the entries, i use too much leverage, i got hitted 3 times margin calls closing all, and the slip down, was unstoppable, overtrade, holding overnight big size, when the end of the challenge get closer, i try to recoup, and increase the stupid things i was doing, i try to catch the opportunities in the 16 pairs, one there, one here, chasing, acomplete nonsense
instead of stop, emotional decisions take over

lesson: the bad things can start quickly

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #270 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

today i made a trade
trade5, fantastic, i entry, manage, addup, scale out, addup, flat
it is not the size, i use small, in this, but the focus, the manage, that was fantastic,
it could be better, entry before, exit later, etc, but i think this is my best trade
i was thinking how i can do something like this, and i think it was very good!



also the day was very good 3xdailygoal

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #271 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i do not know if it is luck, but i am doing things, that i can not believe it
entry at spikes , adding up, scale some, adding again, scale some
collecting profit as a crazy (sim by now)

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #272 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

Y range in NQ was 59.75
i use maximum 5 lots on the 3 trades i made, then
maximun for the range 59.75x5=298.75 points

i made 387points!!
that is 77.4 per lot
i think @tigertrader likes something like this

this is the last screen when i flatten the last

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #273 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i made 3 trades
SISO, max 5 lots

trade1 124 points


trade2 127points


trade3 131points



absolutly fantastic

thanks @mfbreakout

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to alejo for this post:
 
(login for full post details)
  #274 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

first of all, please, could you go to the thread of the competion and press thanks
and press thank button
thanks
1 trade today,


almost all day out with personal things,
watch, see think, execute, try to scracth one, also let the targets alone (this time delete the rest..)
enter adding, scaling, sin, scaling out, target,

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to alejo for this post:
 
(login for full post details)
  #275 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received





thanks @mfbreakout, and @tigertrader and @bigmike

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to alejo for this post:
 
(login for full post details)
  #276 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
 
Posts: 2,893 since Apr 2012
Thanks: 1,683 given, 3,667 received


alejo View Post




thanks @mfbreakout, and @tigertrader and @bigmike

stats look good so far

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
The following user says Thank You to Itchymoku for this post:
 
(login for full post details)
  #277 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,974 since Jun 2009
Thanks: 32,440 given, 98,183 received

Congrats on reviewing and posting the stats, most people don't.

But looking at your risk... risked 23k to make 8k, not good (I see that came from short side). You should try to address this, it will be an account killer.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #278 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
 
Posts: 2,893 since Apr 2012
Thanks: 1,683 given, 3,667 received

Maybe a hard disaster stop would work in that situation that a trade would go against you 23k, but it looks like you're able to find some consistency with finding winning trades and cutting most of your losing trades smaller. Your disaster stop could work with even a fraction of 23k. It's good to see a profit in the end after 23 trades so that's progress.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
The following user says Thank You to Itchymoku for this post:
 
(login for full post details)
  #279 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i am starting to feel super confident , it is good in one hand , but could be a start of a big drawn down in another, or big mistake,....

i have done carefully, and i think, if i reach 100 stop
is this a dream?
is this luck?

combi result


performance



all day 4tr and 5min



La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #280 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received


Big Mike View Post
Congrats on reviewing and posting the stats, most people don't.

But looking at your risk... risked 23k to make 8k, not good (I see that came from short side). You should try to address this, it will be an account killer.

Mike

mike, thanks for your time and your effort to see, comment and help ,
regarding that figura max dd 23k , i would like to explain a detail:
as you can see between 2 to 7 there was an open trade, out of plan,exceeding the max daily loss and the max dd, that is why i write failed this combi.

to continue with the test , i close that open trade with -10k loss, to book the loss of that trade simulating a loss reaching the max daily loss,
i did it, and continue with the test,
i want to make the test with that max loss on the 3erd day and practicing to try to recover from the draw down.
all the values of performance are valid except the mae 23k becasuse is caused for that open trade, and the losing time, for the same reason.
the idea is try to finish this , and then start other.

also i realized that to get the goal is not necessary to use all the lots, and i try to limit to 5, and use 15 in case a to scratch a trade o pressing with good odds.
in this way i reduce risk, and i can get the results.

also i will try to reduce in the next test the max dd, and max dll (now maxdd 20k, max dll 10k), to fit in the real combine parameters (maxdd 13500 y dll 9000),

thanks

alejo

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #281 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received


Itchymoku View Post
Maybe a hard disaster stop would work in that situation that a trade would go against you 23k, but it looks like you're able to find some consistency with finding winning trades and cutting most of your losing trades smaller. Your disaster stop could work with even a fraction of 23k. It's good to see a profit in the end after 23 trades so that's progress.

i use 40point stop, but in that case, was an open trade with no stops

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #282 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i am not be anymore beginner.
now i have intermediate level of experience, why not?
i was waiting to go live and do the same i am doing on sim with my new skills to do that
but my self confidence /experiences/results/changes/discoveries/ says
today is the graduation day

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #283 (permalink)
SurfnTurf
Hackensack NJ
 
 
Posts: 11 since Oct 2014
Thanks: 0 given, 6 received

Self coaching can be expensive. Learning the hard way and trying different styles is costly.
Stick to a simple disciplined approach otherwise, imo, all roads lead to the graveyard.

Reply With Quote
The following user says Thank You to SurfnTurf for this post:
 
(login for full post details)
  #284 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received


SurfnTurf View Post
Self coaching can be expensive. Learning the hard way and trying different styles is costly.
Stick to a simple disciplined approach otherwise, imo, all roads lead to the graveyard.

you right, thanks for your comments

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #285 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i write this for my goals


now i have my private trading office
the expectancy is higher
i pass my combi test and i am growing to next combi goals quickly
learn market profile/vol profile
reduce a lot of mistakes
i have an edge now
the trading plan is cooking
and more important i grow up my confidence

well done

new goals?maybe for 2015...

pass the 450k (almost done)
learn to ride the wave managing the positions with 15 lots
pass the daily current range eth on the daily basis or weekly maybe
try to get for topsteptrader a combi 450k/20k/10k equity/dd/dll and passit
test live a similar combi situation
move to faster markets from nq, for example, tf, cl, gc, ....dax
(dreaming trade the dax from 8 to 11 and done)

step to step

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #286 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

ACCORDING the 38 steps to become a trader, i markup the step where i think i am:

1. We accumulate information--buying books, going to seminars and researching.
2. We begin to trade with our 'new' knowledge.
3. We consistently 'donate' and then realize we may need more knowledge or information.
4. We accumulate more information.
5. We switch the commodities we are currently following.
6. We go back into the market and trade with our 'updated' knowledge.
7. We get 'beat up' again and begin to lose some of our confidence. Fear starts setting in.
8. We start to listen to 'outside news' & other traders.
9. We go back into the market and continue to donate.
10. We switch commodities again.
11. We search for more information.
12. We go back into the market and continue to donate.
13. We get 'overconfident' & market humbles us.
14. We start to understand that trading success fully is going to take more time and more knowledge then we anticipated.
15. We get serious and start concentrating on learning a 'real' methodology.
16. We trade our methodology with some success, but realize that something is missing.
17. We begin to understand the need for having rules to apply our methodology.
18. We take a sabbatical from trading to develop and research our trading rules.
19. We start trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute. We start trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute.
20. We add, subtract and modify rules as we see a need to be more proficient with our rules.
21. We go back into the market and continue to donate.We go back into the market and continue to donate.

22. We start to take responsibility for our trading results as we understand that our success is in us, not the methodology.

23. We continue to trade and become more proficient with our methodology and our rules.
24. As we trade we still have a tendency to violate our rips and our results are still erratic.
25. We know we are close.
26. We go back and research our rules.
27. We build the confidence in our rules and go back into the market and trade.
28. Our trading results are getting better, but we are still hesitating in executing our rules.
29. We now see the importance of following our rules as we see the results of our trades when we don't follow them.
30. We begin to see that our lack of success is within us (a lack of discipline in following the rules because of some kind of fear) and we begin to work on knowing ourselves better.
31. We continue to trade and the market teaches us more and more about ourselves.
32. We master our methodology and trading rules.
33. We begin to consistently make money. We begin to consistently make money.
34. We get a little overconfident and the market humbles us.
35. We continue to learn our lessons.
36. We stop thinking and allow our rules to trade for us (trading becomes boring, but successful) and our trading account continues to grow as we increase our contract size.
37. We are making more money then we ever dreamed to be possible.
38. We go on with our lives and accomplish many of the goals we had always dreamed of

i ma ready to get overconfident and the market humble me, then i need to walk carefully

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to alejo for this post:
 
(login for full post details)
  #287 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i was checking my absurd target goal of $5 expectancy/per trade i was seted! (because i used to stay underwater, every thing above zero loom great) and now i am watching the combi 450k results, i have $75 per lot, and i remember when i read market wizard , when in an interview to a trader (i do not remember the name, but it was curios that in his office there s no screens) he says "that each trader get from the markets what he wants"
if it is raining gold coins , what do you do? take 3 coins and go home, saying done? or full a big container, go home and come back with another container to load again?
thanks @mfbreakout

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #288 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

why i start to change?
i do not if there s one thing , but this is one of them
"it takes a very disciplined, and perhaps unrealistic person to only make trades where the odds are in his favor - don't make trades because you feel the need to trade - make trades because an opportunity to make money has presented itself. focus less on your reliance of tools and focus on the context of the market and what is driving price- one should not make one's analysis more precise than one's actual trading could ever possibly be. trade the market, not some arbitrary line(s) you've drawn. once you're in the trade, work on ignoring your entry point, paper profits/ losses, past booked gains / losses/ experiences, and focus entirely on the evidence and conviction you have at that moment in regard to the future expectation of the trade"
thanks @tigertrader

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 3 users say Thank You to alejo for this post:
 
(login for full post details)
  #289 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received



the overconfidence work today
i get stubborn shorting the upmarket
the scratch i made was very risky
it is very close -300points from scracth and from +300points
also i did not see what the market was doing all day

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #290 (permalink)
 mfbreakout 
BOSTON, MA
 
Experience: Advanced
Platform: Tradestation, TOS
Trading: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,460 received


alejo View Post


the overconfidence work today
i get stubborn shorting the upmarket
the scratch i made was very risky
it is very close -300points from scracth and from +300points
also i did not see what the market was doing all day

Hi Aljeo,

Where does it show short except for scalps? Market internals were +ve right out of the gate and remained +ve all day. The attached chart reflects end of the day picture.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
Click image for larger version

Name:	2014-10-20_1717_crumbs.png
Views:	31
Size:	461.5 KB
ID:	162644  
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to mfbreakout for this post:
 
(login for full post details)
  #291 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i tell myself, i know it. overconfidence can kill me
but i made some live trades
applying the new theory, wide stops
long nq 3850 ishes in the morning , i and i got out for 15 points (imagining it run 100)
i got cl long 8218 imagining 85 i see at 8320, green green , i forget to separate my trading resuslts, made a scrambler, later i see go dwon all the way down and finishe red, made some shorts in nq, why???
116 range, but what about the massive gap up?
and finish red red...
and feed bad ...again mixiing the result with me...
also the combi ,i was doing and the sam,e time was severely affected for my lack of attention

and what thin is the line between +2000 and -1200

in the combi i am waiting to exit this morning my long +12@3934, it sound me very strange,

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to alejo for this post:
 
(login for full post details)
  #292 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

how easy is turn +800 in -950?

very










La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to alejo for this post:
 
(login for full post details)
  #293 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,974 since Jun 2009
Thanks: 32,440 given, 98,183 received


alejo View Post
how easy is turn +800 in -950?

very

Happens to the best of us. Did you make errors? If not, just brush it off. If you try to always be "right" you will lose your shirt.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #294 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received


Big Mike View Post
Happens to the best of us. Did you make errors? If not, just brush it off. If you try to always be "right" you will lose your shirt.

Mike

i think mistakes were
cl long, exit soon
re entry soon
not exit when made lh
not go short


nq
no go short
exit soon on my longs
re entry chasing at highs
no t reverse
add and when went wrong not exit ,then i was with too size

let become a winner in a loser
not watch the whole risk
maybe some revenge for yesterday
not booking +850

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to alejo for this post:
 
(login for full post details)
  #295 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i made a test, start 1k8, maxddset1k4
max 2k8 maxddset1k9

end min 0,5k
mistakes
to trade cl nq togueter
not take good profits +1k and stop next day to increase the max dd
big steps at initial stages

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #296 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i am affected for the blown up
yesterday i let a trade open ,when i went out
not took profit and i suffererd wild swings Over Night

today if i did nothing, only hold the position up to close could be+450p
instead, i exit soon, i went both sides, i start with big size to recover
overtrade, over lots, i am up, but ridiculous amount

trend or range?
this is a big issue
and i get trapped in the change of that

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #297 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

1-see market
2-wait ,and wait and wait
3-entry building position small first
4-know the risk at each step
5-wait and wait and wait

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #298 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,650 given, 3,093 received

@alejo I want you to re-read your journals from start and realize how far you've come till now. Even though you've blown up you on the verge of progressing from step 34 in the 38 steps of trading ( )



Thank My New Journal https://futures.io/trading-journals/56579-just-being-trader-letting-go.html
Please visit and thank individual posts if you feel they are / will be serving some purpose for someone! Remember: Gratitude begets gratitude!
Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to iqgod for this post:
 
(login for full post details)
  #299 (permalink)
 DarkPoolTrading 
PTA, Gauteng
 
Experience: Advanced
Platform: Self built + Sierra + TWS
Trading: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,321 received


iqgod View Post
@alejo I want you to re-read your journals from start and realize how far you've come till now.

Agreed. @alejo you really have come a long way. I noticed about a month or two ago there was a real shift in what you were focusing on and you are certainly progressing very nicely.

Keep it up, you're getting there!

Diversification is the only free lunch
Follow me on Twitter Reply With Quote
The following 2 users say Thank You to DarkPoolTrading for this post:
 
(login for full post details)
  #300 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,437 since Jan 2013
Thanks: 48,851 given, 21,550 received


iqgod View Post
@alejo I want you to re-read your journals from start and realize how far you've come till now. Even though you've blown up you on the verge of progressing from step 34 in the 38 steps of trading ( )



DarkPoolTrading View Post
Agreed. @alejo you really have come a long way. I noticed about a month or two ago there was a real shift in what you were focusing on and you are certainly progressing very nicely.

Keep it up, you're getting there!

Add me to the people who think that. Good job.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bobwest for this post:


futures io Trading Community Psychology and Money Management > self coach trading


Last Updated on April 5, 2018


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April

Seven Trading Mistakes Solved With Smart Trading Tools w/Brannigan Barrett

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts