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:278,556 / 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

  #2551 (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

short +95 ticks total

 
  #2552 (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

Man, I ALMOST sold 92.10. Hit it for 8 on 1 contract...

Euro did fallout, 1335 did resist, channel did hold... Scared of the momentum. Pussy. lol


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




EDIT: Really, that was a tough place to enter, and when CL finally turned it would not look back. The short I took was the first retrace to the impulse DC. Small target, but I am going to try to push the "probability" factor some, and CL had an extremely high probability of that not being a single spike move down, after everything else that had just occured.


Last edited by GaryD; May 29th, 2012 at 01:38 PM.
 
  #2553 (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


$50 from daily target


Last edited by GaryD; May 29th, 2012 at 05:45 PM.
 
  #2554 (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).



tada. Done. Going to gym.

The following 2 users say Thank You to GaryD for this post:
 
  #2555 (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

Reading back, I might think I should have bought ES this morning with a target of 1333, and sold 6E for a breakout, but those are not my trades. My thing is CL. I am regaining focus on that.

I noticed this weekend Big Mike was thoughtful enough to allow me to decide who I was, and the title "Market Wizard" always felt uncomfortable. I study crude, and mostly, I LISTEN to crude. I had a friend leave me a voicemail recently that said, "Is this the Oil Whisperer?"

No, but I like that better than Market Wizard.

Shhhhh. It will tell you what it is going to do, if you listen. lol!

Being silly, but believe it or not, that seems to help me.

 
  #2556 (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 walked up and down the beach yesterday, carrying my tattered copy of Market Wizards with me, clutched more like a preacher might carry a bible. I never opened it once, just carried it. I know all the stories and just gave myself a refresher course recently. Just odd that I did that.


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




(considered shorting TF, but stopped myself)

When I was in my teens my parents got divorced, and my stepfather introduced me to several of the other religions of the world, and the similar message that exists in many of them. "Do the right thing", basically. I saw many similarities in the stories which had different characters, but a similar message. He once said, referring to any of them, "It is like someone wrote you a letter explaining what to do, how to live your life. You don't need to keep going back to it. Read it, understand it, do it."

Not trying to compare a trading book to a religious writing, but I am comparing the advice of my stepfather from one book to another. And thinking in that direction, as I carried my book from place to place, I just kept thinking about internalizing the messages contained inside. There is no one way to trade, it is up to me to find my way. But there are many stories offered that might help me make my decisions, and determine what the "right thing" is.


Last edited by GaryD; May 29th, 2012 at 06:06 PM.
 
  #2557 (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

If I short TF now, it is a bad trade by probability, based on what I understand. But more important, it is against my promise to myself through the end of July.

Pick you trade wisely, get your $1k, stop.

I want to prove that I do not need to be worried about relying solely on trading for an income. Forget about making a lot of money, just make an income. The $1k is plus or minus, and I must stop either way. I BELIEVE I can do that with low risk, and high probability, trading 2-4 contracts. Especially if I am very selective in my trades.

Today I did quit, got out of the house until after 2pm so I had no choice. There was certainly more in possibility today, a lot more. But I hit what I felt was the best probability, and hit it with multiple contracts, took less than a third of the move. I might have thought it was a good trade at 2x risk to 1x reward, truthfully. That is shocking to me, having forced the belief of winners larger than losers. But, for probability of a win, that was the sweet spot for me today.

I did not take it at 2x, actually had my stop who knows where, just out of probable distance by gut feel. Scary that I am thinking that way.


EDIT: I should re-phrase that. Not "scary" meaning I feel out of control, quite the opposite. A new understanding, or different interpretation of what is already understood, has surprised me the past few days. @zt379's wrong dream hit me with that 2x4, was a part of what shook something loose. @researcher247's comment to me about golf. My big let down on a swing attempt. The re-read of Tom Baldwin... caused me to see things different. Any day prior, I would have been short at that top, and it might have been a beautiful trade. I identified the area on the chart I posted before the open, I stated the ES 1333-1335 had to be hit first, I said the 6E might come off. But, all had MAYBE written all over them.

But when the 6E did let loose, ES met resistance, CL stressed it's zone, and then the market moved swiftly down...THEN I nearly knew. Confidence factor, as suggested by @Surly. On a chart it might look like a poor entry to me now, but there was not a higher level of confidence on the day until that very second. If I could plot that on a chart, the entry was nailed.


Last edited by GaryD; May 29th, 2012 at 08:32 PM. Reason: typos and add and typos
 
  #2558 (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).




TF would be a fade anyway, and that is my worst trade into the close.

 
  #2559 (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


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



Incredible respect of that channel and the zone today. Never gave me a chance at it that looked right though.

 
  #2560 (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


The CL chart to me is becoming a tougher read tonight. I have a hard time with price in the middle of who knows where. Everything is so euro sensitive right now, and trying to read the two charts off each other does not line up tonight. Zero confidence in anything tonight, right now.

I sat down to update my chart analysis, but just sat here for awhile, not ready to touch anything.

The pressure I felt on the trade I took Friday caused me to look hard for the cause. It was just a trade. Still no answer, but it was unusually intense on me.


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)

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
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 10:54 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 2017-12-11 in 0.14 seconds with 20 queries on phoenix via your IP 54.145.16.43