Self-Mastery and Development through Trading - Trading Journals | futures io social day trading
futures io futures trading


Self-Mastery and Development through Trading
Updated: Views / Replies:4,083 / 48
Created: by WayneA Attachments:1

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 – 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 don’t 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
 1  
 
Thread Tools Search this Thread
 

Self-Mastery and Development through Trading

  #11 (permalink)
Arbitrageur
Seattle, WA
 
Futures Experience: Beginner
Platform: Python
Favorite Futures: EURUSD
 
WayneA's Avatar
 
Posts: 56 since Aug 2009
Thanks: 23 given, 54 received

DAP Proposal


Quoting 
“Endurance is not just the ability to bear a hard thing, but to turn it into glory.” - William Barclay

Part of building trading endurance is to consistently identify and act upon setups for the duration of my trading hours. I can take trades for at least 3 hours between 0200 and 0600 HST. The other hour will be used for review, reflection, and posting on futures.io (formerly BMT).

I don't have a trading method. For now, I just want to stay engaged and active bar by bar. To keep things simple, here are my rules:
Proposed DAP
  • If I'm not in a trade, and the bar closes, then enter in the direction of the bar.
  • If I'm in a trade, and the bar closes in the opposite direction, then I have to close and reverse.
  • Continue this process for 3 hours.

The entry rules are just to keep me engaged and present in the market. I don't want to have any other rules. There aren't any profit targets or stop losses. I'll be jumping out of a trade whenever I feel the movement is against that particular trade. The goal for the next 10 days is not any sort of profitability. In fact, I'll just reset the sim account at the end of each day.

One the one hand, I want to take notes on my observations. On the other hand, because I feel I'm in the phase when I don't even know what I don't know, I don't want to set an structured learning goal. So, I'm just going takes trades, have some fun with it, log some much needed seat time, and see what questions I start asking.

Reply With Quote
 
  #12 (permalink)
Arbitrageur
Seattle, WA
 
Futures Experience: Beginner
Platform: Python
Favorite Futures: EURUSD
 
WayneA's Avatar
 
Posts: 56 since Aug 2009
Thanks: 23 given, 54 received

Accepted DAPS


Quoting 
"Many of the great achievements of the world were accomplished by tired and discouraged men who kept on working.” - Unknown

I'm about an hour behind schedule . I should be fine tomorrow morning; today wasn't a work day and I took an afternoon nap =

Here are the DAPs for next week:
DAP 1
  • Check in & Check out to the futures.io (formerly BMT) community.
  • Post that I'm ready to start trading activities.
  • Post that I'm done.
DAP 2
  • If I'm not in a trade, and the bar closes, then enter in the direction of the bar.
  • If I'm in a trade, and the bar closes in the opposite direction, then I have to close and reverse.
  • Continue this process for 3 hours

Reply With Quote
 
  #13 (permalink)
Arbitrageur
Seattle, WA
 
Futures Experience: Beginner
Platform: Python
Favorite Futures: EURUSD
 
WayneA's Avatar
 
Posts: 56 since Aug 2009
Thanks: 23 given, 54 received

Checking In


Checking in for the day. I'm a little late checking in.

I missed DAP1 check in time @ 0200.

I've been placing trades per DAP2 for the past 15 minutes.

Reply With Quote
 
  #14 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


WayneA View Post
  • If I'm not in a trade, and the bar closes, then enter in the direction of the bar.
  • If I'm in a trade, and the bar closes in the opposite direction, then I have to close and reverse.

Another approach would be to take random entries and try to manage them as best you can...

Reply With Quote
The following user says Thank You to Lornz for this post:
 
  #15 (permalink)
Arbitrageur
Seattle, WA
 
Futures Experience: Beginner
Platform: Python
Favorite Futures: EURUSD
 
WayneA's Avatar
 
Posts: 56 since Aug 2009
Thanks: 23 given, 54 received

Checking out

So far, so good. I'm pretty tired. I don't think I ate enough yesterday. Let's see how I do at work and tomorrow.

Reply With Quote
 
  #16 (permalink)
Arbitrageur
Seattle, WA
 
Futures Experience: Beginner
Platform: Python
Favorite Futures: EURUSD
 
WayneA's Avatar
 
Posts: 56 since Aug 2009
Thanks: 23 given, 54 received

Whew

What a rough day. I was tired from the get go this morning @ 0100. I didn't work out. I didn't check in to futures.io (formerly BMT) properly; I was late by 15 minutes. Even though I was trading at the right time, I didn't follow the process. I did trade alright. But I was getting really winded by 0400, only two hours in.

I tried to take power nap from 0515-0545. That turned into a serious dream session until 0630. That made me rush when I started to get ready for work. So, I didn't shave properly and ran out while munching on a left over 6 inch sub from Subway. It's fiscal year time so I can't really dilly dally getting there. Also because it's that time of year, I spent the whole day manipulating spreadsheet after spreadsheet. Around 1430, I was hitting a brick wall. A procedure that took 10 min in the morning was taking 25-30 min in the afternoon. I just couldn't concentrate. I downed a Gatorade, got a second wind, and finished on an up tick.

Now I'm home, gonna munch on some dinner before I hit the sack. I'm back on schedule. Things should run smoother tomorrow. Today, I ate more balanced meals than I did over the weekend, and, tonight, I'm set up to get my usual amount of sleep.

So, not a magnificent start to endurance building. But, I'm still on track. I think if I didn't have this journal, I would have gotten more discouraged than I did and ended up changing my plan. +1 for futures.io (formerly BMT).

Reply With Quote
 
  #17 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,230 since Dec 2010
Thanks: 1,160 given, 1,748 received
Forum Reputation: Legendary


WayneA View Post
A for-profit business works completely opposite. Brevity, conciseness, and clarity are highly valued. Clear and positive thinking towards a definite and public goal is the name the game. Once again, this journal is about becoming clear and focused in my pursuit of becoming an independent, successful trader.

Wow great post!

Welcome and I know I'll enjoy reading your journal.

Keep your mind in the future, in the now.
Reply With Quote
 
  #18 (permalink)
Arbitrageur
Seattle, WA
 
Futures Experience: Beginner
Platform: Python
Favorite Futures: EURUSD
 
WayneA's Avatar
 
Posts: 56 since Aug 2009
Thanks: 23 given, 54 received

Checking in

Up and ready to rumble. Did some yoga/ stretching today. I'll do full workout tomorrow.

Reply With Quote
 
  #19 (permalink)
Arbitrageur
Seattle, WA
 
Futures Experience: Beginner
Platform: Python
Favorite Futures: EURUSD
 
WayneA's Avatar
 
Posts: 56 since Aug 2009
Thanks: 23 given, 54 received

Checking out

What a difference one's state of mind makes. I've understood the concept intellectually, but this is the first time I've documented it myself. Just getting enough sleep and eating better made me feel at least 50% more alert today than yesterday. I'm actually sitting here with smile on my face, instead of looking at my bed wishing for the session to end.

Reply With Quote
 
  #20 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,230 since Dec 2010
Thanks: 1,160 given, 1,748 received
Forum Reputation: Legendary


Hi Wayne,

When i read your schedule, I thought ... not enough sleep.
I know I work too many hours, but I know why and I would rather not. If I can get my system simpler to maintain I will cut back and get more exercise and more sleep and more relaxation -balance. You have income so trading can be without pressure.

You're young and building habits - a healthy body and a relaxed mind could be two of them.
Since your simply trading up bar down bar perhaps pick something that trades at 5am or at 18:00 Hawaii time - trade for an hour and stop .

Just an idea - but life is a marathon - not a 100 yard dash. One day at a time my friend.

Keep your mind in the future, in the now.
Reply With Quote

Reply



futures io > > > Self-Mastery and Development through Trading

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
Building a PC for Discretionary/Automated Trading and Strategy Development nlhaines Tech Support 50 January 13th, 2017 06:18 PM
Perrys Trading -> Strategy - development wgreenie NinjaTrader Programming 259 October 21st, 2015 02:22 PM
Custom development neb1998 NinjaTrader Programming 1 March 7th, 2011 04:43 PM
Jonathan's trading (and development) journal fluxsmith Elite Trading Journals 52 January 1st, 2011 12:48 PM
What C# development platform do you use? cashinvestor NinjaTrader Programming 17 June 19th, 2010 04:34 AM


All times are GMT -4. The time now is 06:02 AM.

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 2017-12-11 in 0.14 seconds with 20 queries on phoenix via your IP 54.82.79.109