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:278,801 / 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 – 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

Closed Thread
 1,123  
 
Thread Tools Search this Thread
 

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

  #3461 (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
There was impressive resistance at the retest of the high... but I am not interested in shorting it. As long as S1 holds the trend is up to sideways. The fact that the top held also means possible added positions, making that line weaker as it goes.



"That line" was 87.45, and it did break. But volume has not been convincing and movement felt more like a function of punishing those who tried to pick the top. Going into the close, if there is no reason for oil to be up, and the winers of the day were buyers...


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



I'd like to see a lower low first, but it would not surprise me to see an exit of longs in this zone. The LSP at 88.04 is really yhe line I an watching, but there is a minor 786 below that. The major trend is down. But on low volume, something about "selling a quiet market..." I'm taking an hour break and letting someone else decide what to do here.

 
  #3462 (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


lancelottrader View Post
Then I decided to try something a bit strange. I knew the only way to trade well was to somehow eliminate all my baggage when trading. I decided to adopt an alter ego when trading. I had to literally become someone else that didn't have my flaws and issues. I have always been able to do different voices and accents well. I've done some
acting and comedy..along with filmmaking.

So I invented a persona of a Master Trader..someone who spoke differently than me..(I gave him an English accent). I then recorded little mini seminars in this persona describing my system, entry criteria..along with Trade Mantras..etc. I listened to this in my car and everywhere untill the character became a separate entity from myself.
Then when I would trade I would record a commentary..with this English accent..describing what the price action was doing..almost if I was on my own Trading show. When I would enter a trade, I would comment how I was going to be patient..how I wasn't afraid..and how getting stopped out would not upset me in the slightest. After about 2 months of doing this, I felt a real shift. I no longer got anxious in trades. I didn't get angry when I lost or got stopped out. Talking in that calm British accent somehow kept me calm. I got outside of my head and my
baggage. I still do this, by the way.

Perhaps you can find your own way of short circuiting your inner voices when in a trade..as well.



I thought about that a lot, mostly for a laugh, but as I said, I understand the reasoning behind it and there are weirder things that I probably do. I was not sure how I would do something similar, and so keep working on myself instead.

But I am considering listening to this trader who goes by GaryD. He has good advice, does decent chart analysis, trades well at 1-2 contracts. He might be too conservative for me sometimes, but that is ok. What I like about him is that he is experienced, scarred even, but still in the competition and has learned a lot from his mistakes. And if trading 1-2 contracts is what works for him, maybe it works for me as well. I remember reading that he was in no hurry to increase size, when it happens it happens.

The following user says Thank You to GaryD for this post:
 
  #3463 (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


“Anything in life that we don’t accept will simply make trouble for us until we make peace with it.”

-Peter

The following user says Thank You to GaryD for this post:
 
  #3464 (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

I'd like to see a lower low first, but it would not surprise me to see an exit of longs in this zone


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



Almost...

But NOT breaking is what happened

 
  #3465 (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

As much as I try to move away from scalping, some days it sure looks attractive. Of course this is one for my personal record books, not an every day occurence. 6 ticks of heat all day.


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



I did go short in the red area, but wimped out of it in such light volume, caught one more move up instead.

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



Only trading one contract today, period. No swapping positions, etc. today. Low volume, did not sleep well.


Last edited by GaryD; July 16th, 2012 at 05:20 PM.
 
  #3466 (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).



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




Not about to touch this where it sits, but just noting it for post market

 
  #3467 (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

There is nothing more frustrating to me than being in a trade, closing it to take a phone call, and then having it run 60 ticks in my favor... but overall I trade better while paying attention.





I am rethinking resistance overhead. CL might have worked it's way through a corrective 5WM with a minimum 162 target at 88.35, OR, could complete a 100%app of W1 above the prior top, which coincides with the prior major low overhead. Until it clears 89.65 there is still a DT possibility in the way of a major W3.

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


Last edited by GaryD; July 16th, 2012 at 05:17 PM.
 
  #3468 (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).

 
  #3469 (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).



Heavy calendar for the next 3 days. Mr. Bernanke gets two slots for himself. I had not thought of it earlier, but now I think understand the tight trading range today in ES. No one wanted to step in front of Ben...

 
  #3470 (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


"Those who long to live, from my observations, are the people who choose to live deliberately, purposefully, simply, and slowly. This appears to be the secret to survival."

-Peter



Peter is very active in the pursuit of human longevity. His body is half his chronological age. I'm sure when he wrote this he did not realize he was also speaking about trading. Just replace the word "live" with "trade" and you have some very good trading advice.

The following user says Thank You to GaryD 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)

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 09:08 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 2017-12-13 in 0.17 seconds with 20 queries on phoenix via your IP 54.82.56.95