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:278,788 / 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

  #4441 (permalink)
Elite Member
UK London
 
Futures Experience: None
Platform: NT and XTrader
Favorite Futures: Piano
 
Posts: 1,358 since Sep 2009
Thanks: 1,356 given, 1,551 received

The structure within which we define our actions is not (imo) the same
as the space within which our actions are defined.

The structure is mostly about labels.
Labels are things we put on things.

The space within which our actions are defined is our awareness.
Our awareness (and lack of it) defines our actions,
rather than the labels.

Just as the structure exists within the space,
there is space (us) within the structure.

Our level of awareness is a measure of our awareness of the present moment.

That awareness determines our relationship to the information we perceive in real time. The Now.
Upon which we chose to be the action we take.
The structure and space become one.


Perhaps..

Ermm..where'd I put that NT- “stuff”..

Every moment I wake up I realize I know nothing, and then I smile...

Last edited by zt379; October 10th, 2012 at 11:05 AM.
The following user says Thank You to zt379 for this post:
 
  #4442 (permalink)
Elite Member
UK London
 
Futures Experience: None
Platform: NT and XTrader
Favorite Futures: Piano
 
Posts: 1,358 since Sep 2009
Thanks: 1,356 given, 1,551 received

For all the "reasons" we have for ourselves to take a trade,
it is often good to state the reasons for which we did not take a trade.

ie:
was/is not revenge,
was/is not greed,
was/is not anger,
was/is not in terms of what the ego wanted or when and where it wanted it..

Absent these (and what ever other reasons) a trader is most likely to be present to what is actually relevant.
All we require and indeed invoke by doing so, is to be aware of what is.
Which may imply the absence of time.

What is happening,
happens neither in the past or future.

Every moment I wake up I realize I know nothing, and then I smile...

Last edited by zt379; October 10th, 2012 at 11:57 AM.
The following 4 users say Thank You to zt379 for this post:
 
  #4443 (permalink)
Elite Member
london/england
 
Futures Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker/Data: CQG, AMP, VK, Kinetick
Favorite Futures: CL/6E/TF/ES
 
Posts: 952 since Sep 2011
Thanks: 562 given, 1,267 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).


Targets 70`s and 90`s

yee harrr



Done for the day

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"

Last edited by greenr; October 10th, 2012 at 11:16 AM.
The following 2 users say Thank You to greenr for this post:
 
  #4444 (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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,221 received


Futures Operator View Post
So I guess I could fall into the category of the retail trader who can't trade their way out of a paper bag, and would like to improve. In my own experience, I have found that breaking rules, adding to losers, moving stops, taking unplanned trades, etc are things that have hurt me much more than they have helped me. But I am open minded, and would love to hear from a more experienced trader on why/how/when they could be helpful.

The way I read @josh's post was simply - there is no black/white, there is no right/wrong. Trading is primarily gray, lots and lots of gray

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 3 users say Thank You to Big Mike for this post:
 
  #4445 (permalink)
Trading Apprentice
DELRAY BEACH
 
Futures Experience: Intermediate
Platform: Ninja Trader/MT4
Favorite Futures: Gold,Eur/USD
 
Posts: 41 since Jun 2012
Thanks: 19 given, 15 received

What do you do when you've lost that lovin feeling?


GaryD View Post
Thanks Ken. Sometimes I wonder if this is even the place for this. But, I started it, Mike has not cut me off yet, and it has become a place for me to take time and focus on what is really happening inside. I thought that was part of what trading journal was, to understand myself.

I mostly only trade oil. Here and there I will play with a trade in ES, TF or 6E. But 99.9% CL. It isn't that I feel the analysis is that much different, but they all move diffrently. Something hard to know by watching the left side of the chart, but on the right side each has it's own unique motions. Swing trading may not be that different, but scalping definately is. And since that is where I am stuck for some reason, I go with what I have seen the most.

I do not understand how a trading partner would work, but am open to it.

Hi Gary,

I really enjoyed your "soul searching commentary." Let me just tell you this. I just wrote a post on another board with this headline: WHAT DO YOU DO WHEN THE LOVE FOR TRADING IS GONE? Now because I have been a profitable buy and hold type position trader managing my moms retirement acct for years, I thought becoming a daytrader, I would have a huge edge over "newbies" because I still used 10-20% technical analysis, just only on a daily chart. But I was wrong. When I let my profits run, and brought my stop up to break even, thats where 70% of the time I wound up. If I took a profit and got back in later on a dip, there went the whole days profit. Now Im talking individual stocks here. Did that about 2-3 years and then tried futures following a guy who showed me backtested results in Gold and also the Dow futures of over 200-300% last 2 years running. So I open a futures account and in 6 weeks, there went my future. Am now involved with Forex now because I cant stand getting up early anymore as I love staying up till the sun come sup. Whats better than Forex,right? LOSING at forex!!!! Been paper trading with great patience for over a year now and going thru my savings faster then a drunk in a brothel.So Im worn out after 15 years of investing and trading, but theres nothing at age 53 left for me to do. I hate my old careers. So my advice to you is..........do something, you sound like a guy who cant be past early 30,s, so just dont wind up in your 40's being in my position. Your world will get very,very small in ways you cant imagine.
I must say, I cant stop trading, and yet I cant go too much longer without financial genocide. So I better make up my mind fast. Commit or acquit! Ive also come to believe ,bing in a prop firm, listening to thousands of guys on boards like mikes and on and on that.....day trading has cycles. To be a really profitable day trader ypou need big swings, big ATR, or youll make so little money if you DO win, it wont be worth it. I dont know much about oil, other than its way too much for my stress level, but equities right now and even most Forex, well....something is missing in volatility and opportunity. And like you said earlier....we all want something we can control. We cant control market swings. I make another bet to all on this board....... that 75% of the guys who traded in the Market Wizards book could not make it today! I am definitely for myself givng up small time frames and going back into swing trading with like 30-60m bars for Forex. Stocks and futures.....still open. Good luck to you Gary. Lets all keep in touch on this thread. I welcome yours or anyone elses advice for myself as well. And yeah, I took an 18 month break. 6 months not even paper trading. And now 1 year paper trading. Adios............

The following user says Thank You to Daytrader50 for this post:
 
  #4446 (permalink)
Trading Apprentice
DELRAY BEACH
 
Futures Experience: Intermediate
Platform: Ninja Trader/MT4
Favorite Futures: Gold,Eur/USD
 
Posts: 41 since Jun 2012
Thanks: 19 given, 15 received

One more thing Gary,

If talent and money were no obstacle, what would you do as a profession given just one choice? Are you the do one thing forever until you are a pro type of guy. Or do you want a life that will let you explore "many" of your different interests and talents? You werent that clear to me on that answer in your last post or two. Maybe that holds the answer for you. Truthfully, I love trading, but for me I could never love it like when I traded with a very small group of people in an office. So trading taught me I'm much more a social person than an event person. If I had a girlfriend and maybe 2 or 3 buddies who liked trading along with their wives......Oh Jeez! Id never go home to sleep. But sadly trading is NOTHING like that! And I suspect that so many traders write books because they need to reach out and touch someone who actually gives a damn about what they do. Its often a lonely profession.

The following user says Thank You to Daytrader50 for this post:
 
  #4447 (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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,221 received

@GaryD, you might check out these interviews I just found:

https://futures.io/psychology-money-management/1415-big-mikes-day-trading-method-advice-78.html#post270793

I love reading this kind of stuff. Thought you might as well.

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 2 users say Thank You to Big Mike for this post:
 
  #4448 (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


Daytrader50 View Post
Hi Gary,

I really enjoyed your "soul searching commentary." Let me just tell you this. I just wrote a post on another board with this headline: WHAT DO YOU DO WHEN THE LOVE FOR TRADING IS GONE? Now because I have been a profitable buy and hold type position trader managing my moms retirement acct for years, I thought becoming a daytrader, I would have a huge edge over "newbies" because I still used 10-20% technical analysis, just only on a daily chart. But I was wrong. When I let my profits run, and brought my stop up to break even, thats where 70% of the time I wound up. If I took a profit and got back in later on a dip, there went the whole days profit. Now Im talking individual stocks here. Did that about 2-3 years and then tried futures following a guy who showed me backtested results in Gold and also the Dow futures of over 200-300% last 2 years running. So I open a futures account and in 6 weeks, there went my future. Am now involved with Forex now because I cant stand getting up early anymore as I love staying up till the sun come sup. Whats better than Forex,right? LOSING at forex!!!! Been paper trading with great patience for over a year now and going thru my savings faster then a drunk in a brothel.So Im worn out after 15 years of investing and trading, but theres nothing at age 53 left for me to do. I hate my old careers. So my advice to you is..........do something, you sound like a guy who cant be past early 30,s, so just dont wind up in your 40's being in my position. Your world will get very,very small in ways you cant imagine.
I must say, I cant stop trading, and yet I cant go too much longer without financial genocide. So I better make up my mind fast. Commit or acquit! Ive also come to believe ,bing in a prop firm, listening to thousands of guys on boards like mikes and on and on that.....day trading has cycles. To be a really profitable day trader ypou need big swings, big ATR, or youll make so little money if you DO win, it wont be worth it. I dont know much about oil, other than its way too much for my stress level, but equities right now and even most Forex, well....something is missing in volatility and opportunity. And like you said earlier....we all want something we can control. We cant control market swings. I make another bet to all on this board....... that 75% of the guys who traded in the Market Wizards book could not make it today! I am definitely for myself givng up small time frames and going back into swing trading with like 30-60m bars for Forex. Stocks and futures.....still open. Good luck to you Gary. Lets all keep in touch on this thread. I welcome yours or anyone elses advice for myself as well. And yeah, I took an 18 month break. 6 months not even paper trading. And now 1 year paper trading. Adios............



What depresses me, is my recent seetback has nothing to do with my skills on a chart. They have to do with my psychological skills. It would be easier on me if it were just a matter of something outside myself.

I understand the feeling of "can't stop trading". Everyone has some hobby, some interest that engages us, and trading presents one that has such depth of mental stimulus and such promise of rewards. And having spent so many thousands of hours doing it... @Big Mike recommened I take time away from the charts, and my reply was, "and do what?" I have filled my time, occupied my mind, for so long I do not know what else to do.

So for the past few weeks, I go through the motions, I sit here as the market is open, I take a trade, but the passion is not there. I had built an account fairly well, over a long period of time, and then in one afternoon made a major dent, not by wrong indicators or reading a chart wrong, but by being in the wrong state of mind. And had nothing, abosolutely nothing I can pinpoint, that was any different about that day than any other. Like a ticking time bomb was inside me, silently ticking at that.

I have gone through many stories of traders who turned out very succesful, who went through something similar. There are many of them. Perhaps all of them in one way or another. It offered some comfort for an hour or so, but then there was just me again, and my realization that the reason I want to trade and whatever caused me to lose control one day, may be all tied up in one motivation. I am not decided on that theory yet, but if it proves true, that would be very complicated to unwind, if it is possible at all.

Is it possible to learn to "succeed", and then still fail? It may be. That is the question I am working through today.

Thanks for your input. So few traders will be so open to discuss their failures. It is tough to do. But we grow from it.


Last edited by GaryD; October 12th, 2012 at 02:30 PM.
 
  #4449 (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 will add that my trading mas become more casual. My feelings are more, "what if it goes this way? Ok, maybe it's going that way"... lol! Not caring.

 
  #4450 (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
What depresses me, is my recent seetback has nothing to do with my skills on a chart. They have to do with my psychological skills. It would be easier on me if it were just a matter of something outside myself.

I understand the feeling of "can't stop trading". Everyone has some hobby, some interest that engages us, and trading presents one that has such depth of mental stimulus and such promise of rewards. And having spent so many thousands of hours doing it... @Big Mike recommened I take time away from the charts, and my reply was, "and do what?" I have filled my time, occupied my mind, for so long I do not know what else to do.

So for the past few weeks, I go through the motions, I sit here as the market is open, I take a trade, but the passion is not there. I had built an account failry well, over a long period of time, and then in one afternoon made a major dent, not by wrong indicators or reading a chart wrong, but by being in the wrong state of mind. And had nothing, abosolutely nothing I can pinpoint, that was any different about that day than any other. Like a ticking time bomb was inside me, silently ticking at that.

I have gone through many stories of traders who turned out very succesful, who went through something similar. There are many of them. Perhaps all of them in one way or another. It offered some comfort for an hour or so, but then there was just me again, and my realization that the reason I want to trade and whatever caused me to lose control one day, may be all tied up in one motivation. I am not decided on that theory yet, but if it proves true, that would be very complicated to unwind, if it is possible at all.

Is it possible to learn to "succeed", and then still fail? It may be. That is the question I am working through today.

Thanks for your input. So few traders will be so open to discuss their failures. It is tough to do. But we grow from it.

As I sat with that thought, I put it in other words for myself. I said out loud, while pointing to the screens in front of me, "I have everything I need there". The I put my hands on my head, "I have everything I need in here", and then my hands went to my chest, my stomach, kind of moving around in that area, "but not here".

That is where it is. We want the "holy grail" to be some object outside of ourselves.

But are we not that vessel? That if filled, would give us the missing piece?

And if so, would it even be related to trading?


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 05:24 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 54.92.194.75