Catching Big Waves - a trader's journal of surfing the the markets - Trading Journals | futures io social day trading
futures io futures trading


Catching Big Waves - a trader's journal of surfing the the markets
Updated: Views / Replies:278,937 / 4,686
Created: by GaryD Attachments:1,123

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

Closed Thread
 1,123  
 
Thread Tools Search this Thread
 

Catching Big Waves - a trader's journal of surfing the the markets

  #2031 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

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


That is always frustrating. I almost took the divergence trade, but really expected one push. The bars turned magenta, which is my minimum for a reversal signal, but dead minimum, Still just watching.


On topic; missed trade but low confidence factor. But one tiny change, my conditions being met, would have pushed that confidence level to the upper range. Weird how suc a tiny detail makes such a big difference in perception.


Last edited by GaryD; April 20th, 2012 at 12:17 PM.
 
  #2032 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

For Big Mike: You mentioned music, I found a great song that I related to trading, (even though it is about relationships). Rob Blackledge, "Risk Worth Taking". LOL

 
  #2033 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received


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


The red zone held with perfection this morning, but I hesitated to enter and only caught 20 ticks. I scalped another 17 and am watching the gree zone into the close.

 
  #2034 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

Not happening today. Done

 
  #2035 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

I just learned this morning that this journal won a futures.io (formerly BMT) contest. Thanks to everyone who voted for it. I didn't write a journal to be in the contest, I just happened to have one and then the contest started, so it was a nice surprise.

I feel the best thing about Big Mike having such a contest is that it put journaling in the spotlight. It seems to get overlooked sometimes as a trading tool. Just as the studying of market movement or chart patterns can improve your trading, for me, the study of myself has been very productive


Around this time last year, after getting ready to run another test on whatever indicator and then deciding I was done backtesting, period. I said out loud, "backtest yourself". That was a moment of true clarity.

Markets only go up or down. Indicators, chart patterns, strategies, can only take you as far as you will let them. Understanding the mechanics behind even the most complex of indicators is so much simpler than undertanding what drives us deep inside, and as traders we tend to spend so much time looking for the perfect setup, the perfect chart setting, the perfect strategy, but not spending near enough time looking at ourselves and what makes us behave as we do.

As the posts of my recent battle with position size prove, journaling is not always fun, it is not always something to be proud of either. At least not in one sense of the word.

"Pride" is believed by some to be one of the "seven deadly sins", and in trading you only need one deadly sin to screw up an otherwise good thing. But I am somewhat proud of my posts here, more that I find the courage to talk about my issues and then making myself deal with them. It brings the weak areas to the front burner. Trading is a constant workout.

Now that I think about it, these four sins are not good for trading either;

Wrath - Anger, revenge trading, getting mad at the market.

Greed - Causes us to make bad decisions, think in terms of reward more than risk.

Envy - Causes us to not have patience, we want it now.

Sloth - Trading takes a lot of work. If I go to full time, I don't expect it to reduce my working hours, just my work flexibility.


Back to the journal contest, the win was a welcome bonus, but the journal itself; the discussion, the insight, the sharing, the advice, the camaraderie, and the commentary I have received from others here, has been priceless. Thanks again.

The following 9 users say Thank You to GaryD for this post:
 
  #2036 (permalink)
Elite Member
Paradise, USA
 
Futures Experience: Beginner
Platform: Big Charts
Favorite Futures: E-mini, Forex, Futures, Equities, Options
 
rtrade's Avatar
 
Posts: 502 since Nov 2010
Thanks: 578 given, 375 received


GaryD View Post
I just learned this morning that this journal won a futures.io (formerly BMT) contest. Thanks to everyone who voted for it. I didn't write a journal to be in the contest, I just happened to have one and then the contest started, so it was a nice surprise.

CONGRATULATIONS GaryD!!!!!! You're deserving of the Award!!!!!

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
The following user says Thank You to rtrade for this post:
 
  #2037 (permalink)
Survivor
Helsinki, Finland
 
Futures Experience: Advanced
Platform: NT8
Broker/Data: NTB
Favorite Futures: ES, CL
 
gain247's Avatar
 
Posts: 134 since Apr 2010
Thanks: 125 given, 122 received

Congrats Gary!! You keep doing a fantastically honest and detailed journal. I truly enjoy reading about your approach to markets, it's eye opening and gives a lot of different ideas for me to reshape and tune my own trading style and method, which is completely different, but maybe that's why I find your thinking so interesting

The following user says Thank You to gain247 for this post:
 
  #2038 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

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

A higher timeframe H&S (blue) with a lower timeframe inverted H&S (red). The lesser H&S would suggest a retest of the 101 area, the gerater H&S suggests a a break above 105.60 will be an exit of a DPTL boundary and potential continuation to the 109 area. 102.10 and 104.70 should be collecting stops.

 
  #2039 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

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



This is a page from the updated trading plan I am writing. This spreadsheet will determine maximum leverage per trade based on 1) account equity and 2) a pre-determined max drawdown percentage per trade.

As I change either the percentage or the account equity, the remaining boxes re-calibrate automatically. I have not made any exact decisions about % risk or starting equity yet, but at least the formula writing is done. This page will be part of what is called the "Risk Matrix", which has two pages; one for total equity and a second for equity per contract. The idea is to have risk decline as equity increases.

This page will work with the "Equity Moving Average", which will have multiple timeframes with crossovers as milestones, which will determine the max percentage risk, but that ratio is still in debate.

The following user says Thank You to GaryD for this post:
 
  #2040 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received


My first post here on futures.io (formerly BMT). I spent this weekend reading your entire journal here. Fantastic work. Great heart of yours to be open, honest, and share wisdom.

See you around.

The following user says Thank You to indextrader7 for this post:

Closed Thread



futures io > > > Catching Big Waves - a trader's journal of surfing the the markets

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Surfing and Trading shodson Psychology and Money Management 14 September 28th, 2015 01:26 PM
Little League to the Big Leagues - Journal of a simple trader rtrade Elite Trading Journals 142 July 23rd, 2011 05:22 PM
Trader 11 Journal greggdd Trading Journals 15 March 18th, 2011 12:53 AM
New Beginnings: The Journal of a Trader's Journey to Equanimity plethora Trading Journals 122 March 5th, 2011 11:13 PM
Rookie Future Trader Alex's Trading Journal alex123 Elite Trading Journals 69 June 20th, 2010 04:14 AM


All times are GMT -4. The time now is 09:40 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 2017-12-14 in 0.20 seconds with 20 queries on phoenix via your IP 54.82.56.95