Ctrl-Alt-Del Reboot Trading Journal - Trading Journals | futures io social day trading
futures io futures trading


Ctrl-Alt-Del Reboot Trading Journal
Updated: Views / Replies:7,560 / 81
Created: by rpm123 Attachments:66

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

Reply
 66  
 
Thread Tools Search this Thread
 

Ctrl-Alt-Del Reboot Trading Journal

  #51 (permalink)
Elite Member
Green Bay WI
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: 6E
 
rpm123's Avatar
 
Posts: 321 since Apr 2010
Thanks: 337 given, 465 received

Good Words

- Never, under any circumstance add to a losing position….ever!
- Markets can remain illogical longer than you or I can remain solvent
- Exits when support becomes resistance
- Be patient with winning trades, be enormously impatient with losing trades
- All rules are meant to be broken

found these in @Jonson signature

Reply With Quote
The following 2 users say Thank You to rpm123 for this post:
 
  #52 (permalink)
Elite Member
Green Bay WI
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: 6E
 
rpm123's Avatar
 
Posts: 321 since Apr 2010
Thanks: 337 given, 465 received

3/28/12

The first two trades entered well and took my profits. The third trade I felt was turning against me, and got out for 1 less tick target. 2 days to go in the contest. Many more days to go trading and journaling. Concentrating on one setup, and just entries, and journaling has restored my confidence and improved my trading. Learned alot form Perry and his threads. Learned as much or more about me.

Attached Thumbnails
Ctrl-Alt-Del Reboot Trading Journal-6e-06-12-5-range-3_28_2012.jpg   Ctrl-Alt-Del Reboot Trading Journal-capture.jpg  
Reply With Quote
The following 2 users say Thank You to rpm123 for this post:
 
  #53 (permalink)
Elite Member
Green Bay WI
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: 6E
 
rpm123's Avatar
 
Posts: 321 since Apr 2010
Thanks: 337 given, 465 received

3/29/12


I trade, 2 contracts, no heat, followed rules, 8 ticks. Yes, journaling has given me my confidence back. Watching future71's webinar and had not heard the term emotional capital before. He nails it.

Attached Thumbnails
Ctrl-Alt-Del Reboot Trading Journal-6e-06-12-4-range-3_29_2012.jpg   Ctrl-Alt-Del Reboot Trading Journal-capture21.jpg  
Reply With Quote
The following 2 users say Thank You to rpm123 for this post:
 
  #54 (permalink)
Elite Member
Green Bay WI
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: 6E
 
rpm123's Avatar
 
Posts: 321 since Apr 2010
Thanks: 337 given, 465 received

3/30/12

Last day for the contest but not the journal. Did not follow rules. Was confident in decision, but did not follow rules.

Attached Thumbnails
Ctrl-Alt-Del Reboot Trading Journal-6e-06-12-4-range-3_30_2012.jpg   Ctrl-Alt-Del Reboot Trading Journal-capture.jpg  
Reply With Quote
The following 2 users say Thank You to rpm123 for this post:
 
  #55 (permalink)
Elite Member
Green Bay WI
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: 6E
 
rpm123's Avatar
 
Posts: 321 since Apr 2010
Thanks: 337 given, 465 received

Contest Thread Wrap Up and Results

This month, this journal, has restored my confidence, replenished my emotional capital, renewed my commitment to trading, focused me to learn a new trading style, and offered the structure for more in-depth evaluation of myself, my trading, and a new methodology. I had blown out my account ans had stepped away. This is the best way to step back in.

What I've learned....

1) Journaling is not a one-time, one month task. It's as integral to a trading career as selecting a broker, trading, and filing taxes. It's more important than the rules I've committed to. It should be every trader's first rule. I had gotten out of the habit, and never kept one this honestly. It's the only way to track your true performance, not just your bottom line. It's harder to be honest with yourself, your demons, your performance, than you think. A journal removes all gray areas. Journaling improvements I'd like to make as I move forward include a) adding a column for feelings/emotions experienced during trade, b) a column for pre-trade checklist completion, c) a column for exit quality score, as I add contracts and trail, and d) perhaps some more analytics tbd.

2) I was trading blindly. I thought I had a setup, a plan, a methodology. That I was too experienced for sim. Even if I could never find the P in the P&L. Discipline starts with a journal commitment.

3) The PerryDigm is a pretty damn good setup. I have confidence in it, look forward to making it more my own, practicing back end trade management, and making it even more profitable. Next week, going to add a contract, as a trailer, that goes to plus 1 after the first target gets hit, and follows tick by tick. No extra heat. The probability discussion on the future71 webinar showed me the sensibility of scaling.

4) I showed real growth from the first "half" of the month. I improved a) in taking less less trades, b) less heat, c) higher profitability, d) higher rule compliance, and e) doubled my $ per trade. How would I know that without a journal? And able to quantify some of my known and unknown demons....

5) Demon Impatience - I knew I have that one, but seeing that I can fight it, in black and white, with a good journal and a good setup and good numbers, makes it that much more conceivable that it is not insurmountable.

6) Demon Rum - took a day off when could not pass the checklist and was not up to trading.

7) Demon Adding to Losers - I've still got it. Improving though. Added even in the second "half" of the month, but not uncontrollably.

8) Demon Not Cutting Losses Early - It's a tough one for me, you see, I'm always right. I'm letting the ATM do the heavy lifting on this one, staying off the DOM. The chart trader is just that much harder to move things around, it helps. Use tools.

9) Demon Trading Too Much - I will need to remain vigilant on this one, even though my numbers improved, it was primarily because some other commitments did not allow a full trading session. Adding a daily stop loss will be the cure of going off the deep end.

10) Demon Reckless Funding of Account - I've set up a plan and going to stick with it. Never will blow out another account. 1 and 2 contract trading is my M.O. from now on. When my account gets too big - withdraw, remove temptation to trade more contracts, add to losers, etc. When it dwindles - it's back to sim for me.

That about sums it up for now. My plan next week is to make some improvements to my tracking sheet, work on the 2 contract (one with a trailing stop method), and take the time to look a little more into the adx/dm confirmation of the PerryDigm. If all goes well, I'm going to dip my toes into the water again with some live trading days starting April 9. So a revisit to the trading plan rules will be in order.

Thanks everyone, readers, visitors, commenters, thankers, Big Mike, and everyone that I've borrowed freely from on the forum.

Attached Thumbnails
Ctrl-Alt-Del Reboot Trading Journal-capture.jpg  
Reply With Quote
The following 9 users say Thank You to rpm123 for this post:
 
  #56 (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

Congratulations on your journal!



In the spirit of our March Trading Journal contest, I am asking everyone to spend a few minutes and share their journaling experience.

A) What are the top five benefits you have seen as a result of regularly posting in this journal?

B) What are the top five problem areas you have identified as a result of regularly posting in this journal?

C) Were you initially reluctant to start this trading journal? If yes, why?

D) How do you feel, overall, about your journaling experience?

E) Would you recommend to others that they should also start a trading journal?

Thank you for taking the time to answer my questions. I appreciate your posts, and I hope you have benefited from your journal. I also know that others will benefit as well, just by reading about your own experiences.

Enjoy your weekend,
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.

Reply With Quote
 
  #57 (permalink)
Elite Member
Green Bay WI
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: 6E
 
rpm123's Avatar
 
Posts: 321 since Apr 2010
Thanks: 337 given, 465 received

Journal like your trading career depends on it!


Big Mike View Post
Congratulations on your journal!



In the spirit of our March Trading Journal contest, I am asking everyone to spend a few minutes and share their journaling experience.

A) What are the top five benefits you have seen as a result of regularly posting in this journal?

B) What are the top five problem areas you have identified as a result of regularly posting in this journal?

C) Were you initially reluctant to start this trading journal? If yes, why?

D) How do you feel, overall, about your journaling experience?

E) Would you recommend to others that they should also start a trading journal?

Thank you for taking the time to answer my questions. I appreciate your posts, and I hope you have benefited from your journal. I also know that others will benefit as well, just by reading about your own experiences.

Enjoy your weekend,
Mike

Think I covered these already in my last post.

Reply With Quote
 
  #58 (permalink)
Elite Member
Green Bay WI
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: 6E
 
rpm123's Avatar
 
Posts: 321 since Apr 2010
Thanks: 337 given, 465 received

4/2/12

Experimented with a second contract today. To get the ATM right. Testing the idea from the Risk Mgmt webinar by future71 that additional contracts scaled out, or trail stopped out actually improve your probabilities (and profitability, if working with a winning setup). I'm actually going to watch that again, to see if the trailing stop is the best way to achieve that, or to go 2 contracts, with one 2 and one 4 tick target. If anyone reading has any thoughts, pls share. I hate missing the runs, but trying to be as mechanical and unemotional about it, maybe going for 6 ticks is safer and more probable.

I have the ATM designed to enter 2 contracts, both with a 4 tick stop loss. The first target at 4 ticks, and the second contract goes to break even plus 1, when the first target hits, and then trails current price by 3 ticks. I took me a few trades to get it right.

Since the PerryDigm is a momentum based play, my theory is I may catch quick runups, worth more than the 3 tick trail that I will be giving up. Hesitant run-ups may stop out with 1 tick profit if no slippage.

Going to work with this this week. Plan to go live again next week, with 1 contract, 2 to 3 trades per day, $100 daily goal. With consistency. Achieved much better than that in Sim, but I know the Live trading demons can be cruel. Working on a more thorough tracking sheet this week too.

Attached Thumbnails
Ctrl-Alt-Del Reboot Trading Journal-6e-06-12-4-range-4_2_2012.jpg   Ctrl-Alt-Del Reboot Trading Journal-captureatm.jpg   Ctrl-Alt-Del Reboot Trading Journal-capturets.jpg  
Reply With Quote
The following 4 users say Thank You to rpm123 for this post:
 
  #59 (permalink)
Elite Member
Green Bay WI
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: 6E
 
rpm123's Avatar
 
Posts: 321 since Apr 2010
Thanks: 337 given, 465 received

3/3/12 The Lizard Brain Returns

Wanted to take the new ATM out for a spin on the live sim market. During an extremely flat spot in the market. Bad behaviors - added to a losing position, lowered a stop. But learned an issue/feature with the ATM trailing stop I have set up.

The stop moves up on the second trailing contract when the current price hits target even if the trade did not occur. At first this annoyed me, but I realize if it does take out that new breakeven plus 1 stop, its a good indication your trade does not have the momentum needed, and might be a good time to bail on the initial contract as well.

Also, in another trade, as planned, the trade goes up 3 ticks, but falls back to stop out, where you would have if you just set both targets there. This is a little demoralizing. Will study in replay if the runs outweigh the initial grab.

Attached Thumbnails
Ctrl-Alt-Del Reboot Trading Journal-6e-06-12-4-range-4_3_2012.jpg   Ctrl-Alt-Del Reboot Trading Journal-capture2.jpg  
Reply With Quote
The following 3 users say Thank You to rpm123 for this post:
 
  #60 (permalink)
Elite Member
Green Bay WI
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: 6E
 
rpm123's Avatar
 
Posts: 321 since Apr 2010
Thanks: 337 given, 465 received

3/4/12


Trading with the 2nd car and the ATM Stop loss. I'm not liking it. Going back to basics, 1 car, 4 ticks. I just don't like to give up ticks in the bank, for the promise of future tick. Not yet.

Not following rules again. Playing with shiny toys. Back to basics tomorrow.

Attached Thumbnails
Ctrl-Alt-Del Reboot Trading Journal-6e-06-12-4-range-4_4_2012.jpg   Ctrl-Alt-Del Reboot Trading Journal-capture12.jpg  
Reply With Quote
The following 2 users say Thank You to rpm123 for this post:

Reply



futures io > > > Ctrl-Alt-Del Reboot Trading Journal

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
pressione del book placcio Italian Traders 19 March 31st, 2013 10:58 AM
My new trading journal - Trading Price with Volume philhm Elite Trading Journals 28 October 18th, 2011 09:46 AM
Del Monte Agrees to Be Bought By KKR Group for $4 Billion Quick Summary News and Current Events 0 November 25th, 2010 08:40 PM
J's Trading Journal jinhar Trading Journals 43 April 23rd, 2010 08:15 AM
AR01 Price Area Journal (Not a trading journal) AR01 Emini Index Futures Trading 69 April 2nd, 2010 09:01 PM


All times are GMT -4. The time now is 02:05 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 54.226.113.250