Et tu NQ: Trading the Nasdaq e-mini - Trading Journals | futures io social day trading
futures io futures trading


Et tu NQ: Trading the Nasdaq e-mini
Updated: Views / Replies:9,376 / 87
Created: by Bermudan Option Attachments:0

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 
Thread Tools Search this Thread
 

Et tu NQ: Trading the Nasdaq e-mini

  #81 (permalink)
Hyde Park,
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Tradingview.com
Broker/Data: Optionhouse
Favorite Futures: Options
 
Bermudan Option's Avatar
 
Posts: 467 since May 2011
Thanks: 395 given, 252 received

Entered a short on APA. Missed CVX. Still have 75% of my account invested. All short.

Reply With Quote
 
  #82 (permalink)
Hyde Park,
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Tradingview.com
Broker/Data: Optionhouse
Favorite Futures: Options
 
Bermudan Option's Avatar
 
Posts: 467 since May 2011
Thanks: 395 given, 252 received

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







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



15 minute delay on the overview. Market has sold off hard in the last 10 mins
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #83 (permalink)
Hyde Park,
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Tradingview.com
Broker/Data: Optionhouse
Favorite Futures: Options
 
Bermudan Option's Avatar
 
Posts: 467 since May 2011
Thanks: 395 given, 252 received


Market looks like it will continue selling off after a quick relief rally. Should have seen the relief rally coming though:

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



Stopped myself out of APA.

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

Gain of $30 after factoring in commission


Last edited by Bermudan Option; April 19th, 2012 at 04:20 PM.
Reply With Quote
 
  #84 (permalink)
Hyde Park,
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Tradingview.com
Broker/Data: Optionhouse
Favorite Futures: Options
 
Bermudan Option's Avatar
 
Posts: 467 since May 2011
Thanks: 395 given, 252 received

^^^^Actually made $60 on the trade above... Commission is factored in already


Botched the BAC trade and didn't lock in +$200 profit properly when I had the change. Gave most of it back.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

$19 profit

Reply With Quote
 
  #85 (permalink)
Hyde Park,
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Tradingview.com
Broker/Data: Optionhouse
Favorite Futures: Options
 
Bermudan Option's Avatar
 
Posts: 467 since May 2011
Thanks: 395 given, 252 received

Two trades. Two big losses

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


The issue was the spreads were huge. The options I trade have one penny ticks. So on a good day, the spread might be Bid: 1.14 Ask: 1.15. However the trades I jumped into to day had spreads that were wide as ****, even when the underlying hesitated at support/resistance. I was entering spreads that were B: 1.02 A: 1.10. With my stop loss usually being 5-10 cents, I am royally screwed trying to enter these large spreads. I was literally in both of those trades for less than 5 minutes.

I know what the issue is but I do not know for certain why it happened. I cannot tell whether it is early morning volatility, Op. Ex. illiquidity or a combination of the two. I think it might be the later. I have noticed that the spreads on the weeklies are consistently wider than the spreads on the monthlies until today.

The way to counter this is to
a) Sit on the sideline
b) Decrease my size so I can increase my stops

Reply With Quote
 
  #86 (permalink)
Hyde Park,
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Tradingview.com
Broker/Data: Optionhouse
Favorite Futures: Options
 
Bermudan Option's Avatar
 
Posts: 467 since May 2011
Thanks: 395 given, 252 received

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



2 cent spread on the entrance. +7 cent spread on the exit. FML. Huge slippage here. I think I am packing it in for the day. All my loses were +3% because of slippage

Reply With Quote
 
  #87 (permalink)
Hyde Park,
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Tradingview.com
Broker/Data: Optionhouse
Favorite Futures: Options
 
Bermudan Option's Avatar
 
Posts: 467 since May 2011
Thanks: 395 given, 252 received

Mixed results so far. However, I am really enjoying the money management and the resulting lack of volatility in my overall acct value.

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


TBH, I haven't gotten many trades right, and when I did, the risk:reward ratio was mediocre. I will work on this.

Also, diversification has been on my mind lately. the markets look like they are slowly edging towards a sell off but until that is clear, there will still be relief rallies and gaps higher on the open. I want to go into every morning flat or not over exposed to the short side.


Last edited by Bermudan Option; April 25th, 2012 at 01:51 PM.
Reply With Quote
The following user says Thank You to Bermudan Option for this post:
 
  #88 (permalink)
Hyde Park,
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Tradingview.com
Broker/Data: Optionhouse
Favorite Futures: Options
 
Bermudan Option's Avatar
 
Posts: 467 since May 2011
Thanks: 395 given, 252 received

Current goals:

  • Keep directional trades diversified
  • Avoid bucking the short term trend. Trends are innocent until proven guilty as a popular trader always states. 30 m has turned into my long term charts but I need to check the 5 min and ensure that I am not bucking a short term trend either.
  • No picking tops, only trend-trading. Look for higher highs/higher lows and vice versa. Price action is king
  • Focus on ETF equivalents intradays to illustrate how the industry/sector is moving compared to the underlying on the watchlist
  • Maintain great risk management
  • Make sure there is an opportunity for 1:3 risk:reward ratio before entering the trade. Manage your expectation beforehand. Just because the stock is guaranteed to go in an expected direction doesn't mean that it is worth entering.




That's it for now. Here is the SPY: Above one support level but another one looming overhead...


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

Reply With Quote

Reply



futures io > > > Et tu NQ: Trading the Nasdaq e-mini

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Nasdaq Day Trading Simulator (www.tradingsim.com) tosmonkey Trading Reviews and Vendors 8 November 5th, 2016 09:21 PM
1st 90 minutes trading NQ futures (day session)... researcher247 The Elite Circle 10 March 5th, 2013 11:15 AM
My NQ Trading Journal ealas Trading Journals 17 October 18th, 2010 12:46 PM
Automated day trading E-Mini mihabibi Trading Reviews and Vendors 4 October 1st, 2010 09:12 AM


All times are GMT -4. The time now is 02:22 PM.

Copyright © 2017 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
Page generated 2017-12-12 in 0.16 seconds with 19 queries on phoenix via your IP 54.163.209.109