NexusFi: Find Your Edge


Home Menu

 





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


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one GaryD with 3,654 posts (2,215 thanks)
    2. looks_two josh with 135 posts (120 thanks)
    3. looks_3 researcher247 with 123 posts (170 thanks)
    4. looks_4 Big Mike with 112 posts (228 thanks)
      Best Posters
    1. looks_one Big Mike with 2 thanks per post
    2. looks_two Deucalion with 2 thanks per post
    3. looks_3 researcher247 with 1.4 thanks per post
    4. looks_4 GaryD with 0.6 thanks per post
    1. trending_up 601,356 views
    2. thumb_up 3,683 thanks given
    3. group 141 followers
    1. forum 4,686 posts
    2. attach_file 1,117 attachments




Closed Thread
 
Search this Thread

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

  #3621 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


David_R View Post
Gary,

Why do you feel alienated? Also, is a 100 ticks in CL something you really are striving for? If so, it is a good question to ask, because it seems like targets like that should not be the goal.

David

Alienated, I don't know. I type freely here quite often, it was a feeling. Who knows. I go back and re-read, and maybe it will make sense later. Last night I said I felt "off", then may have discovered why tonight.

The 100 tick goal, that is different. Crude moves $1 a day easy. I don't know the current ATR, not part of my workspace tonight, but $2 - $2.5, is almost expected.

The reason I do not go for it, I have found, is that I watch a 6-range chart. The average expectancy of a single swing on a 6-range has a lower probability above 50-60 ticks, and the pullback can be dramatic in relation, say 30% to 90% even with continuation, or even BE, or a loss. But, if I watched a 12-range, that might be completely different, because crude eats 100 ticks like it was nothing on a regualr basis. Just not as common in the way I have chosen to interpret it.

Started this thread

Can you help answer these questions
from other members on NexusFi?
MC PL editor upgrade
MultiCharts
Cheap historycal L1 data for stocks
Stocks and ETFs
How to apply profiles
Traders Hideout
Better Renko Gaps
The Elite Circle
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
  #3622 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090


GaryD View Post
For some reason tonight, I feel somewhat alienated from futures.io (formerly BMT).

that is how one feels standing on the top.

Thanked by:
  #3623 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,465 since Jun 2009
Thanks Given: 33,243
Thanks Received: 101,665


Any thread that isn't full of indicators and red-to-green trading signals, but instead focuses on discretionary trading and trading psychology, risk, trade management, etc, will always be far less "popular" and less active simply because there are far fewer traders who have made it far enough to know what is important and what isn't.

Popularity is overrated Don't let it stop you.

Mike



Join the free Markets Chat beta: one platform, all the trade rooms!

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal
Thanked by:
  #3624 (permalink)
 
David_R's Avatar
 David_R 
San Jose, Ca
Legendary Market Wizard
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
Posts: 1,582 since Nov 2009
Thanks Given: 2,335
Thanks Received: 2,524


GaryD View Post
Alienated, I don't know. I type freely here quite often, it was a feeling. Who knows. I go back and re-read, and maybe it will make sense later. Last night I said I felt "off", then may have discovered why tonight.

The 100 tick goal, that is different. Crude moves $1 a day easy. I don't know the current ATR, not part of my workspace tonight, but $2 - $2.5, is almost expected.

The reason I do not go for it, I have found, is that I watch a 6-range chart. The average expectancy of a single swing on a 6-range has a lower probability above 50-60 ticks, and the pullback can be dramatic in relation, say 30% to 90% even with continuation, or even BE, or a loss. But, if I watched a 12-range, that might be completely different, because crude eats 100 ticks like it was nothing on a regualr basis. Just not as common in the way I have chosen to interpret it.

I understand that crude moves a lot, but does that mean you have to get more of the move? Would you be comfortable with a 12 range chart? Bigger targets, but larger stops too, right. I guess it really depends on what you are trying to accomplish. I do think though focusing too much on how much CL moves and wanting more of the move can be detrimental. 30 ticks in CL is equal to 6 ES points. Most would be thrilled to get 6 ES points. If you need/want larger goals could you increase size? I know you have talked about that before, but trading the way you feel comfortable just more contracts?

As far as the feelings about futures.io (formerly BMT) goes and how you feel is cool. You do this for you, right?

Visit my NexusFi Trade Journal
  #3625 (permalink)
iPlayGames
Tokyo Japan
 
Posts: 39 since Oct 2011
Thanks Given: 45
Thanks Received: 50


GaryD View Post
I am several chapters into "Trading in the Zone", and every so many pages thinking, "wait, I said that here", but just not with the same level of authority. The book presents it as an explanation, I ask a lot of it as a question, but really weird to me to read so much of what I think in so few pages.

On the flight today, reading about the negative ions with tears and the release from past issues, which as boys/men we are expected to be denied, that was one that helped me see something different.

The next topic was responsibility, something I was just commenting on last night before that.

The belief that trading occurs in the mind...check.

I started dozing off around page 60, barely into the book so far. But so far it is less of an education and more of a confirmation to me. @researcher247 told me I would probably like it better than The Disciplined Trader, and so far I do, a lot. If nothing else, the reading just flows better.

I am not setting up my monitors tonight, and so will most likely not trade tomorrow. I am setting up a somewhat high-tech project tomorrow, and in a room for one night then moving to a condo for the duration, maybe 6 weeks. I'll fly back and forth probably, so will have to repack at some point, but tonight the unpacking, setup, etc, is not worth it. Monitors still in the rental car trunk tonight.

I had to change bags and start from scratch to finally get something carry-on legal that would protect twin monitors, and it felt somewhat cartoonish as I made my way through the airport today, this little wheeled suitcase with a giant garment bag strapped to the top. I flew Southwest, no seat assigned, and heard over the loudspeaker that the flight was completely full, so I paid another $91 to get in the "A2" boarding. $200 roughly from having disposable monitors...

Even without the hectic travel schedule, I have fantasized about a life where I could travel from city to city, or country to country, and have a job lined up when I got there. Trading. I told my wife a few years ago I would do a reality show, "Trading Places". Get to some new area, check it out, and then the goal was to make enough trading to get to the next place. Not her dream life apparently... But trading while traveling is something that may come in handy. I noticed it even makes a difference when I change screen resolution, things look so big and distorted on low-res TVs. If I can travel with what looks the same as being at home, everything should feel the same.

I loved the idea of the dual-screen laptop. Had an idea for something similar myself, but lacked the technical skills, and/or the tenacity, to design it.

Lenovo has a high-end laptop that comes equipped with 2 monitors, could be ideal for traders like you who travel a lot.

Thanked by:
  #3626 (permalink)
 
Xav1029's Avatar
 Xav1029 
Tampa, FL
 
Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker: Mirus Futures/Zen-Fire
Trading: 6E, M6E, 6J
Posts: 1,375 since Dec 2011
Thanks Given: 1,452
Thanks Received: 3,377


iPlayGames View Post
Lenovo has a high-end laptop that comes equipped with 2 monitors, could be ideal for traders like you who travel a lot.

I use a dual screen laptop. All you need to get is the Lenovo LT1421 USB powered portable monitor. I like it better than others, because it comes with a sturdy cover for traveling. No need for an external power source, because it runs off USB power. This monitor will work with any computer because it is just plug and play.

Visit my NexusFi Trade Journal
Thanked by:
  #3627 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Big Mike View Post
Any thread that isn't full of indicators and red-to-green trading signals, but instead focuses on discretionary trading and trading psychology, risk, trade management, etc, will always be far less "popular" and less active simply because there are far fewer traders who have made it far enough to know what is important and what isn't.

Popularity is overrated Don't let it stop you.

Mike

I agree, but that is not what it was. If I wanted popularity there are better things to talk about, for sure.

More that I felt less motivated to explain to the world what I am doing, maybe?

I don't know Mike. I am tired, for one. It is nothing against futures.io (formerly BMT), maybe journal burnout. Maybe temporary. Getting into an interesting groove as far as my thoughts go.

Started this thread
  #3628 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,465 since Jun 2009
Thanks Given: 33,243
Thanks Received: 101,665


GaryD View Post
I agree, but that is not what it was. If I wanted popularity there are better things to talk about, for sure.

More that I felt less motivated to explain to the world what I am doing, maybe?

I don't know Mike. I am tired, for one. It is nothing against futures.io (formerly BMT), maybe journal burnout. Maybe temporary. Getting into an interesting groove as far as my thoughts go.

It is perfectly normal. Trading becomes very routine and boring after a while.

Mike



Join the free Markets Chat beta: one platform, all the trade rooms!

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal
Thanked by:
  #3629 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


iPlayGames View Post
Lenovo has a high-end laptop that comes equipped with 2 monitors, could be ideal for traders like you who travel a lot.


Xav1029 View Post
I use a dual screen laptop. All you need to get is the Lenovo LT1421 USB powered portable monitor. I like it better than others, because it comes with a sturdy cover for traveling. No need for an external power source, because it runs off USB power. This monitor will work with any computer because it is just plug and play.

Those both sound interesting. Thanks guys. I know that a bag of twin monitors is not lightweight.

I set them up for the first time this week, staying at the Hyatt Place, kind of a cool space to trade in. I swung their desk around to see the tv and the mountains in the distance, have a sectional sofa to sit back when things are slow...


Started this thread
  #3630 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011



David_R View Post
Gary,

Why do you feel alienated? Also, is a 100 ticks in CL something you really are striving for? If so, it is a good question to ask, because it seems like targets like that should not be the goal.

David

We teach ourselves that it shouldn't.

Started this thread

Closed Thread



Last Updated on May 23, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts