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Search: Posts Made By: worldwary
Forum: Trading Journals October 8th, 2014, 05:00 PM
Replies: 13
Views: 2,527
Posted By worldwary
Oct. 8 results

Today was a better day in terms of process as well as results. I can breathe a bit easier after my awful performance yesterday.

https://nexusfi.com/attachment.php?attachmentid=160653

This...
Forum: Trading Journals October 8th, 2014, 02:25 PM
Replies: 13
Views: 2,527
Posted By worldwary
Oct. 7 results

This was a rough trading day for me, and has been difficult to post because I felt a really crappy trader by the end of the day. I had to fight the urge to pretend that the day never happened....
Forum: Trading Journals October 6th, 2014, 03:49 PM
Replies: 13
Views: 2,527
Posted By worldwary
Oct. 6 results

Today had an upward bias, with a slow-moving trend that lasted most of the trading day followed by a quick breakout move that I managed to miss.
...
Forum: Trading Journals October 6th, 2014, 03:38 PM
Replies: 13
Views: 2,527
Posted By worldwary
Hello xelaar, thanks for visiting my journal! In...

Hello xelaar, thanks for visiting my journal! In general, I have found that I prefer earlier entries in anticipation of a breakout rather than later entries right around the area of the breakout....
Forum: Trading Journals October 3rd, 2014, 03:46 PM
Replies: 13
Views: 2,527
Posted By worldwary
Oct. 3 results

Today saw a signficant move in the price of gold right after the open, triggered by the non-farm payroll release.

https://nexusfi.com/attachment.php?attachmentid=159790

Today was a good...
Forum: Trading Journals October 2nd, 2014, 02:23 PM
Replies: 13
Views: 2,527
Posted By worldwary
Oct. 2 trade results

To grade my performance at the end of the day, I like to look at the price action of the day as a whole and determine how a system like the one I'm trading theoretically should have performed under...
Forum: Trading Journals October 2nd, 2014, 10:11 AM
Replies: 13
Views: 2,527
Posted By worldwary
Long term gold picture

I always keep the "big picture" in mind when trading an asset like gold. While I do not trade directly from a longer-term chart, I like to know where larger areas of support and resistance may be and...
Forum: Trading Journals October 1st, 2014, 02:05 PM
Replies: 13
Views: 2,527
Posted By worldwary
Thank you, sir! Good to see you again!

Thank you, sir! Good to see you again!
Forum: Feedback and Announcements October 1st, 2014, 01:19 PM
Replies: 125
Views: 44,368
Posted By worldwary
Worldwary journal contest entry

My journal can be found here: Worldwary's Gold Plated Journal (https://nexusfi.com/trading-journals/33461-worldwary-s-gold-plated-journal.html).

Please leave a thank you if you appreciate the...
Forum: Trading Journals October 1st, 2014, 01:15 PM
Replies: 13
Views: 2,527
Posted By worldwary
A bit about my method: This is a very simple...

A bit about my method: This is a very simple method without many frills. I am trying to capitalize on gold's tendency to make sudden moves in the direction of an established or establishing trend....
Forum: Trading Journals October 1st, 2014, 12:58 PM
Replies: 13
Views: 2,527
Posted By worldwary
Worldwary's Gold Plated Journal

The October journal contest has given me the kick in the pants I needed to get my trade journal up and running again. Thank you Big Mike for putting this contest together!

A quick bit of...
Forum: Traders Hideout January 30th, 2014, 09:31 AM
Replies: 102
Views: 59,562
Posted By worldwary
I am back on futures.io (formerly BMT) after a...

I am back on futures.io (formerly BMT) after a long hiatus. Long story short, I moved and switched jobs and didn't have a chance to trade for several months in 2013, but I'm back in trading mode and...
Forum: Psychology and Money Management March 12th, 2013, 10:34 PM
Replies: 75
Views: 19,614
Posted By worldwary
This is very true. It can be eye-opening to see...

This is very true. It can be eye-opening to see distributions of trade results from profitable traders, and realize how much of the overall profit is derived from a small handful of trades. Don...
Forum: Psychology and Money Management March 11th, 2013, 12:57 PM
Replies: 75
Views: 19,614
Posted By worldwary
Good discussion and I have been struggling with...

Good discussion and I have been struggling with these issues myself lately.

I don't like the idea of a hard daily profit target but am toying with the idea of a trailing stop that would stop me...
Forum: Trading Journals March 10th, 2013, 03:00 PM
Replies: 556
Views: 112,877
Posted By worldwary
I've been following your journal but haven't...

I've been following your journal but haven't posted before. Keep up the good work!

The one caveat I would offer here is that this kind of mechanical testing you're conducting now can produce...
Forum: Trading Journals February 2nd, 2013, 08:02 PM
Replies: 220
Views: 46,529
Posted By worldwary
I enjoy your journal a great deal. You do a...

I enjoy your journal a great deal. You do a really good job of documenting your emotions as they evolve during a trade. Keep up the good work!
Forum: Trading Journals March 29th, 2012, 01:11 PM
Replies: 2,157
Views: 408,009
Posted By worldwary
What have you been doing today in terms of...

What have you been doing today in terms of scaling in/out?
Forum: Trading Journals March 28th, 2012, 04:03 AM
Replies: 2,157
Views: 408,009
Posted By worldwary
The major rule that PoP uses for scaling in is to...

The major rule that PoP uses for scaling in is to add once the position has "proven itself" to be right. If you're trading a breakout, for instance, add after price has broken far enough through the...
Forum: Trading Journals March 27th, 2012, 01:37 PM
Replies: 2,157
Views: 408,009
Posted By worldwary
I've read the Phantom of the Pits book and he...

I've read the Phantom of the Pits book and he points out that this "adding to winners" rule is better suited to longer time frames. With the smaller time frames that you are trading it would be...
Forum: Psychology and Money Management March 8th, 2012, 04:30 AM
Replies: 151
Views: 43,067
Posted By worldwary
Markets have a way of thwarting expectations. It...

Markets have a way of thwarting expectations. It is important to remember that no one, whether the mechanical trader or the discretionary trader, can know that there is an 80% chance (or whatever...
Forum: Emini and Emicro Index March 2nd, 2012, 07:57 AM
Replies: 6
Views: 2,634
Posted By worldwary
Gold has been trading on expectations of future...

Gold has been trading on expectations of future "money printing." Part of the price (who knows how much) has been based on expectations of another round of quantitative easing from the Fed....
Forum: Trading Journals February 26th, 2012, 12:04 PM
Replies: 2,157
Views: 408,009
Posted By worldwary
I am not opposed to scaling in and out as a...

I am not opposed to scaling in and out as a general matter. The only thing I'd caution about is inadvertently creating a system that feels better psychologically but is in fact designed to lose.

I...
Forum: Trading Journals February 24th, 2012, 10:50 PM
Replies: 2,157
Views: 408,009
Posted By worldwary
This may be a more difficult goal than it seems....

This may be a more difficult goal than it seems. I've experimented with a similar "runner" strategy but could never get it to work because the risk:reward is inherently skewed.

Let's say that 10...
Forum: Psychology and Money Management February 20th, 2012, 10:35 AM
Replies: 151
Views: 43,067
Posted By worldwary
I am primarily a stock trader and I've found that...

I am primarily a stock trader and I've found that it is easier to control risk trading stocks than trading futures, since stock position sizes are more scaleable.

My basic approach is to...
Forum: Feedback and Announcements February 18th, 2012, 10:53 AM
Replies: 75
Views: 30,820
Posted By worldwary
Good idea, look forward to reading all the...

Good idea, look forward to reading all the journal entries!

Do we need to identify our journals in this thread to be eligible?
Showing results 1 to 25 of 274

What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

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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.
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