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:279,538 / 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

  #2451 (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, 5,027 received

BTW, I took this trade on 1) divergence, 2) 30 minute, 3) volume, and 4) trend.

 
  #2452 (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, 5,027 received

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

 
  #2453 (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, 5,027 received


The problem I have, is when I go for larger size, I try too hard. In trading, you cannot "try", and not really in the Yoda sense, from @zt379.

There is no "try" means, who knows what is going to happen? There is nothing I can do. How can one "try" when there is nothing to do? The market does everything, I do nothing. I observe, decide, experience.

 
  #2454 (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, 5,027 received

closed the 4th +26. Net for the night 192 ticks, and one attitude.

 
  #2455 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received


GaryD View Post
one attitude.

A friend sent in this recording of GaryD enjoying his night!



Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following user says Thank You to Big Mike for this post:
 
  #2456 (permalink)
Elite Member
San Diego, Miami & On the lake (Summer)
 
Futures Experience: Advanced
Platform: Ensign, Ninja, Sierra, TradeStation & MT4
Broker/Data: CQG, TT & FinFX
Favorite Futures: indices/notes/currencies/ metals/energies
 
Posts: 368 since Oct 2009
Thanks: 143 given, 602 received


GaryD View Post
I am so used to watching dollars that it is just something I need to let wash around some. $1.2k on 6 contracts is noise, but it is 2+x my prior max down, and I am going over that concept with myself more than I am trading. The small trades are actually a part of the thought process. I am feeling being in a trade as I think.

I don't know any other way to say this Gary; you need to retrain/BRAINWASH your mind and focus on CENTS/TICKS vs $$$$$.

Yea; I know CL is so easy to think in terms of $$$ because of the $10.00 per cent/tick {like that other simple math stuff called the 'metric system'}.

This is my opinion. I know real money is real money but (maybe I don't know the other professional traders that actively think about the money while in trades)-- I do not know another single highly profitable and consistent trader that thinks in terms of $$$ during the week {on Friday they do, of course I do as well--heck yea}!

Throughout the week and the day they are most aware and highly tuned into ticks per trade/and honoring their trading rules with near 100% compliance. Yes, an intuitive 'gut' trade (with other factors) sometimes SCREAMS at traders; I get it.

Hmm...these are just my thoughts. In my DOM I never have $$ shown; at this point I don't have ticks either--I use % because I couldn't care less about the current trade I am in (let me explain).

I have entered, have a hard or 'mental stop that I never deviate from' and then I immediately turn into a pathological 'risk specialist' as I target my profit-taking levels, the point where I will move my stops, etc...

I know (based on, of course--the current intraday method I favor the most--800 sim trades I took before going live that this formula applies)...

a) Every 10-15 trades my expectancy will be positive
b) I already know that I cannot even think about money while trading. I imagine myself as a Chinese factory worker that if I lose my focus some guy behind me is going to physically beat me for non-compliance. : )

For my other styles of intraday trading--those (this is scary) I have done roughly 20,000 trades now; it's like breathing.

This is an exciting thread, isn't it?

peace

hedvig


Last edited by researcher247; May 24th, 2012 at 12:55 AM. Reason: deleted profanity
The following 2 users say Thank You to researcher247 for this post:
 
  #2457 (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, 5,027 received

Not sure that is going to make it to my trading plan. But it was good laugh.

Trading has nothing to do with charts or price, it has everything to do with attitude. As long as you don't ignore the charts or the price. Or maybe, none of the above. Winners bigger than losers. That is the only thing I think I know for certain. Maybe. lol!

 
  #2458 (permalink)
Elite Member
San Diego, Miami & On the lake (Summer)
 
Futures Experience: Advanced
Platform: Ensign, Ninja, Sierra, TradeStation & MT4
Broker/Data: CQG, TT & FinFX
Favorite Futures: indices/notes/currencies/ metals/energies
 
Posts: 368 since Oct 2009
Thanks: 143 given, 602 received


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



On more off at +27.

Look at this pimp! Trading the quietest (normally) time of the day!!!

Volatility is a beautiful thing!

Interesting story; a guy about 25 miles from here has a real OIL well/drilling thing--whatever.

Recall CL at $140+ per barrel?

He was pumping 20 barrels per day and then selling to a wholesaler for some nice coin.

I lost track of him though.

Great stuff.

peace

hedvig

The following user says Thank You to researcher247 for this post:
 
  #2459 (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, 5,027 received


researcher247 View Post
I don't know any other way to say this Gary; you need to retrain/BRAINWASH your mind and focus on CENTS/TICKS vs $$$$$.

Lather, rinse, repeat... That is what I am doing. That is what made me come back tonight and play with this market. So I was down "max". What is that anyway? Something I decide I am willing to accept as a loss in dollars. But I am trading in ticks. I was not down max ticks, that would be 50. I was down max dollars, and I allowed myself to choose the number of contracts.

Here is a quote from my trading plan; "The Plan includes a Risk Matrix that will determine the maximum leverage available, based on account equity. The Trader shall have at his discretion, how many contracts per trade they feel are appropriate, provided that the Risk Matrix guidelines are strictly adhered to".

I went all in on one trade today. Fits my plan, but still bothered me.


Last edited by GaryD; May 24th, 2012 at 01:03 AM.
 
  #2460 (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, 5,027 received


Trading Plan opening line;

I am a full-time independent trader that will enable the realization of a monetary goal over a long time horizon, the "Long Term Financial Goal", by employing long to intermediate term technical analysis, with entries based on short term indicators and trading experience. The Account is expected to experience periods of rapid growth, as well as rapid drawdowns, but the expectation is that the systematic approach will be profitable over time. Discipline in executing the plan exactly as it is written is mandatory.


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 05:29 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 2017-12-17 in 0.16 seconds with 20 queries on phoenix via your IP 54.163.210.170