NexusFi: Find Your Edge


Home Menu

 





My Trading Journal: just a few trades a day


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one jpygbp with 151 posts (129 thanks)
    2. looks_two planetkill with 5 posts (0 thanks)
    3. looks_3 Big Mike with 2 posts (2 thanks)
    4. looks_4 Jaap8242 with 1 posts (1 thanks)
      Best Posters
    1. looks_one matthew28 with 3 thanks per post
    2. looks_two Miesto with 2 thanks per post
    3. looks_3 Big Mike with 1 thanks per post
    4. looks_4 jpygbp with 0.9 thanks per post
    1. trending_up 28,432 views
    2. thumb_up 137 thanks given
    3. group 18 followers
    1. forum 168 posts
    2. attach_file 152 attachments




 
Search this Thread

My Trading Journal: just a few trades a day

  #1 (permalink)
 
jpygbp's Avatar
 jpygbp 
Argyle Texas
 
Experience: Advanced
Platform: NinjaTrader, Jigsaw
Broker: NT/Dorman, Oanda, ThinkorSwim
Trading: ES CL 6E MES ZB
Posts: 170 since May 2011
Thanks Given: 5
Thanks Received: 146

I am creating this journal to log my good and bad trades. I am attempting to grow a small account by only taking a few trades a day and then switching to demo mode for the rest of the day. This should keep me from overtrading. Since it is a small account, I may from time to time have to refund the account.

Method:
One trade before 9am CST each trading day.
Market structure for trades. (support, resistance, trend lines)
10 tick stop loss (@$100 stop for the day)(manual stop and entered worse case stop above structure)
4 tick target ($50.00 target for the day)
One lot per $1000 entry

Attached Thumbnails
Click image for larger version

Name:	5-2-19.JPG
Views:	633
Size:	120.9 KB
ID:	265514  
Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Ninja Mobile Trader VPS (ninjamobiletrader.com)
Trading Reviews and Vendors
Futures True Range Report
The Elite Circle
Deepmoney LLM
Elite Quantitative GenAI/LLM
Exit Strategy
NinjaTrader
Online prop firm The Funded Trader (TFT) going under?
Traders Hideout
 
  #3 (permalink)
 
jpygbp's Avatar
 jpygbp 
Argyle Texas
 
Experience: Advanced
Platform: NinjaTrader, Jigsaw
Broker: NT/Dorman, Oanda, ThinkorSwim
Trading: ES CL 6E MES ZB
Posts: 170 since May 2011
Thanks Given: 5
Thanks Received: 146


Small loss for the day. I was too close to a news release.

Attached Thumbnails
Click image for larger version

Name:	5-3-19.JPG
Views:	479
Size:	108.0 KB
ID:	265517  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #4 (permalink)
 
matthew28's Avatar
 matthew28 
United Kingdom
 
Experience: Beginner
Platform: Bookmap
Broker: Stage 5, Rithmic
Trading: US Equity Index Futures
Posts: 1,250 since Sep 2013
Thanks Given: 3,500
Thanks Received: 2,532


jpygbp View Post
Small loss for the day.

I don't know if I would call it a small loss.
You say you are targeting 2-4 ticks on a trade. The first day you took two trades and made 1 tick and 2 ticks, 3 ticks for the day.
The next day you take one trade for a loss of 22 ticks (5.5 points), for the day.
You are going to need a very high win rate for this to work. Even with a 10 tick stop you would need an 80-90% win rate just to break even.
On your first two trades you could have made 4-5 times the amount just holding on a few minutes longer back down to the recent low as the trend was down.

You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
Reply With Quote
Thanked by:
  #5 (permalink)
 
jpygbp's Avatar
 jpygbp 
Argyle Texas
 
Experience: Advanced
Platform: NinjaTrader, Jigsaw
Broker: NT/Dorman, Oanda, ThinkorSwim
Trading: ES CL 6E MES ZB
Posts: 170 since May 2011
Thanks Given: 5
Thanks Received: 146

Yes, I a agree. A few mistakes on the first two days. I will have to tighten up the stops and be more patient.

I had a loss this morning but cut it off quickly before 10 ticks. If I have over $100 loss for the day, I stop.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #6 (permalink)
 Jaap8242 
Netherlands Amsterdam
 
Experience: Advanced
Platform: Sierra Charts
Broker: Infinity Futures
Trading: FGBL
Frequency: Every few months
Duration: Hours
Posts: 86 since Oct 2009
Thanks Given: 140
Thanks Received: 104

I don't know what trading method you are using, but in this forum there are plenty to find.
One person in this forum that I like to mention is Perry G.
He moderated several webinars here about his method. And contributed with hundreds reactions to explain his method.
I just can recommend to have a look at it.
https://nexusfi.com/articles/trading/Perrys-Method-Part-II

Reply With Quote
Thanked by:
  #7 (permalink)
 
jpygbp's Avatar
 jpygbp 
Argyle Texas
 
Experience: Advanced
Platform: NinjaTrader, Jigsaw
Broker: NT/Dorman, Oanda, ThinkorSwim
Trading: ES CL 6E MES ZB
Posts: 170 since May 2011
Thanks Given: 5
Thanks Received: 146

A few demo trades since it is after 9am cst. The market moves a bit quicker to fill my targets. I think a 4 tick target would have worked for these.

Attached Thumbnails
Click image for larger version

Name:	5-7-19.JPG
Views:	422
Size:	121.5 KB
ID:	265576  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #8 (permalink)
 
jpygbp's Avatar
 jpygbp 
Argyle Texas
 
Experience: Advanced
Platform: NinjaTrader, Jigsaw
Broker: NT/Dorman, Oanda, ThinkorSwim
Trading: ES CL 6E MES ZB
Posts: 170 since May 2011
Thanks Given: 5
Thanks Received: 146

Testing out my ATM with a 4 tick target and 8 tick stop. The market has to be moving well in a direction otherwise, the stops will get hit too often. I tried larger stops but when they are hit it is too much of a loss.

Attached Thumbnails
Click image for larger version

Name:	5-8-19.JPG
Views:	371
Size:	110.8 KB
ID:	265599  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #9 (permalink)
 
jpygbp's Avatar
 jpygbp 
Argyle Texas
 
Experience: Advanced
Platform: NinjaTrader, Jigsaw
Broker: NT/Dorman, Oanda, ThinkorSwim
Trading: ES CL 6E MES ZB
Posts: 170 since May 2011
Thanks Given: 5
Thanks Received: 146

Today's trades during less busy period.

Attached Thumbnails
Click image for larger version

Name:	5-13-19.JPG
Views:	391
Size:	125.3 KB
ID:	265720  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #10 (permalink)
 
jpygbp's Avatar
 jpygbp 
Argyle Texas
 
Experience: Advanced
Platform: NinjaTrader, Jigsaw
Broker: NT/Dorman, Oanda, ThinkorSwim
Trading: ES CL 6E MES ZB
Posts: 170 since May 2011
Thanks Given: 5
Thanks Received: 146


A trade for a small profit. The stops can easily get in the way with this action.

Attached Thumbnails
Click image for larger version

Name:	5-14-19b.JPG
Views:	392
Size:	147.0 KB
ID:	265748   Click image for larger version

Name:	5-14-19.JPG
Views:	399
Size:	134.0 KB
ID:	265749  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:




Last Updated on July 23, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts