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:7,562 / 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 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

Reply
 66  
 
Thread Tools Search this Thread
 

Ctrl-Alt-Del Reboot Trading Journal

  #61 (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

4/10/12 - It's ALIVE

Went live for the first time since January. Very mixed results. Live trading really screws with my discipline.
Recognizing your demons and dealing with them are two different things.

20 trades - more than 4 goal. Still Overtrading.
Positive $350 but only followed rules 40% of the time, and and only 20% rule following trades were profitable.
Understandable fear on many trades, first time back in the pool, but managed fairly well.
Best Result - mostly traded with trend, maybe have cured myself of guessing tops and bottoms.
Impatience waiting for 4 ticks a big problem. Out early more often than not.
Trailing stop worked well on one trade.
Only moved stop 3 times, improving, once to good effect.
Added 4 times, to losing position, worked out twice and not, twice.
The BB Dots currently configured are not working for me.
The 5/11 cross is keeping me on the right side, but sometimes in too early.
I love the sound of the ATM trailing stop chinging away.

Tomorrow
4 trades, on right side, no increasing stop, wait for target, no adding, unless choosing TS ATM.

Attached Thumbnails
Ctrl-Alt-Del Reboot Trading Journal-6e-06-12-4-rangenogap-4_10_2012.jpg   Ctrl-Alt-Del Reboot Trading Journal-capture.jpg  
Reply With Quote
The following 5 users say Thank You to rpm123 for this post:
 
  #62 (permalink)
Elite Member
Atkinson, NH USA
 
Futures Experience: Intermediate
Platform: NinjaTrader 8/TensorFlow
Broker/Data: NinjaTrader Brokerage
Favorite Futures: Futures, CL, ES, ZB
 
NJAMC's Avatar
 
Posts: 1,925 since Dec 2010
Thanks: 2,962 given, 2,294 received

Profitable!


rpm123 View Post
Went live for the first time since January. Very mixed results. Live trading really screws with my discipline.
Recognizing your demons and dealing with them are two different things.

20 trades - more than 4 goal. Still Overtrading.
Positive $350 but only followed rules 40% of the time, and and only 20% rule following trades were profitable.

Ya, but it was profitable!

Nil per os
-NJAMC [Generic Programmer]

LOM WIKI: NT-Local-Order-Manager-LOM-Guide
Artificial Bee Colony Optimization
Reply With Quote
The following user says Thank You to NJAMC for this post:
 
  #63 (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

But Need Consistency



NJAMC View Post
Ya, but it was profitable!

I've been profitable for long stretches, but then will take a big hit, off plan.
Am committing to staying on plan, to make this a profitable career.
My rules may need tightening up.
I realize my biggest rule to keep me from ruin is a circuit breaker to stop trading after a set loss.

I was happy with the result of today. But have not moved as far towards unemotional trading as I had hoped.
I keep a poker face, but an itchy trigger finger.

Reply With Quote
The following 3 users say Thank You to rpm123 for this post:
 
  #64 (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

No Self Control

Peter Gabriel - No Self Control - YouTube

Reply With Quote
The following user says Thank You to rpm123 for this post:
 
  #65 (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

4/11/12 - Lost it for a While

Most Important Demon - I cannot take a loss. I need to be right.

Results - adding contracts to losing positions, exceeding stop limits, moving stops, too big losses, ignoring rules, ignoring new information.

Solutions - set and forget ATM. Hard and fast per trade loss, and per day loss circuit breakers. Single contract only til beat this demon.

Other Lessons from today - BBdots are not adding anything. Remove. All pieces in place for setup delivers 80% of the time. Proved again. Watching ticks in P&L in chart trader does not instill enough urgency, need to watch $ readout. Have a "Following Price Action" column. It's a woulda, shoulda, coulda column. Useless, will remove. Still overtrading. Taking every signal, anticipating many. Trying to ride a runner is not for me yet.

Bottom Line today - chipped away at a $755 cumulative loss back to $452.50. It was an -$857 4 contract I wanna be right loss that almost ruined my day. But I came back for 12 trades following the rules and recovering quite a bit. So, oddly, I call today a win. I rediscovered my discipline. Almost back to even for 2 day adventure back in the trading deep water.

Attached Thumbnails
Ctrl-Alt-Del Reboot Trading Journal-6e-06-12-4-rangenogap-4_11_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:
 
  #66 (permalink)
Elite Member
Atkinson, NH USA
 
Futures Experience: Intermediate
Platform: NinjaTrader 8/TensorFlow
Broker/Data: NinjaTrader Brokerage
Favorite Futures: Futures, CL, ES, ZB
 
NJAMC's Avatar
 
Posts: 1,925 since Dec 2010
Thanks: 2,962 given, 2,294 received


rpm123 View Post
Most Important Demon - I cannot take a loss. I need to be right.

Results - adding contracts to losing positions, exceeding stop limits, moving stops, too big losses, ignoring rules, ignoring new information.

Solutions - set and forget ATM. Hard and fast per trade loss, and per day loss circuit breakers. Single contract only til beat this demon.

Other Lessons from today - BBdots are not adding anything. Remove. All pieces in place for setup delivers 80% of the time. Proved again. Watching ticks in P&L in chart trader does not instill enough urgency, need to watch $ readout. Have a "Following Price Action" column. It's a woulda, shoulda, coulda column. Useless, will remove. Still overtrading. Taking every signal, anticipating many. Trying to ride a runner is not for me yet.

Bottom Line today - chipped away at a $755 cumulative loss back to $452.50. It was an -$857 4 contract I wanna be right loss that almost ruined my day. But I came back for 12 trades following the rules and recovering quite a bit. So, oddly, I call today a win. I rediscovered my discipline. Almost back to even for 2 day adventure back in the trading deep water.

Hummm.... "But Need Consistency" I see what you mean.

Nil per os
-NJAMC [Generic Programmer]

LOM WIKI: NT-Local-Order-Manager-LOM-Guide
Artificial Bee Colony Optimization
Reply With Quote
The following user says Thank You to NJAMC for this post:
 
  #67 (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

4/12/12 - I am a succesful trader

5 in, 5 out, all profitable, all followed rules, 30 minutes total, done for day, $225

Stopped trading, even though having a great day - no overtrading
Followed rules to the letter, kept anticipation to a minimum
Did not add or move stops
Waited patiently for all triggers to fire on setups
Had no losses to accept, new mindset/rules untested today

So the first live day, made money, but was unhappy broke rules so much
Second day, broke one rule very badly, but came back following rules. Happy for rules comeback
Today, followed rules and profitable. Very happy.

One day does not a successful trader make. String this average together for April and May and I'll revisit extra contracts and trailing stops. But I need more 'todays' under my belt first.

Attached Thumbnails
Ctrl-Alt-Del Reboot Trading Journal-6e-06-12-4-rangenogap-4_12_2012.jpg   Ctrl-Alt-Del Reboot Trading Journal-capture.jpg  
Reply With Quote
The following 3 users say Thank You to rpm123 for this post:
 
  #68 (permalink)
Elite Member
Atkinson, NH USA
 
Futures Experience: Intermediate
Platform: NinjaTrader 8/TensorFlow
Broker/Data: NinjaTrader Brokerage
Favorite Futures: Futures, CL, ES, ZB
 
NJAMC's Avatar
 
Posts: 1,925 since Dec 2010
Thanks: 2,962 given, 2,294 received


rpm123 View Post
5 in, 5 out, all profitable, all followed rules, 30 minutes total, done for day, $225

Stopped trading, even though having a great day - no overtrading
Followed rules to the letter, kept anticipation to a minimum
Did not add or move stops
Waited patiently for all triggers to fire on setups
Had no losses to accept, new mindset/rules untested today

So the first live day, made money, but was unhappy broke rules so much
Second day, broke one rule very badly, but came back following rules. Happy for rules comeback
Today, followed rules and profitable. Very happy.

One day does not a successful trader make. String this average together for April and May and I'll revisit extra contracts and trailing stops. But I need more 'todays' under my belt first.

Awesome! Remember that consistancy thing you are shotting for moving forward!

Nil per os
-NJAMC [Generic Programmer]

LOM WIKI: NT-Local-Order-Manager-LOM-Guide
Artificial Bee Colony Optimization
Reply With Quote
The following user says Thank You to NJAMC for this post:
 
  #69 (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

4/13/12 - Adding to Losers Makes Me a Loser Again

Identified, but have not been able to fix. I get in a trade, I have to be right, I add to a loser to average out, and it works half the time (positive feedback) and it does not work the other half and I take it in the shorts. I have identified a solution - ATM - set and forget, but I still screw the pooch, and do not follow my own rules. Analysis today shows I was only trading about 50/50, but if I had followed the simple rule, I would have about broken even. And if I had followed all my rules, I would have been profitable. So even with analysis, cold hard facts, solutions, I can't beat the lizard brain. Will ponder this for the weekend.

Attached Thumbnails
Ctrl-Alt-Del Reboot Trading Journal-6e-06-12-4-rangenogap-4_13_2012.jpg   Ctrl-Alt-Del Reboot Trading Journal-capture.jpg  
Reply With Quote
The following user says Thank You to rpm123 for this post:
 
  #70 (permalink)
Elite Member
Lawton, Oklahoma
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: Mirus
Favorite Futures: TF, 6E, ES
 
madelynnjohnson's Avatar
 
Posts: 113 since Jun 2011
Thanks: 329 given, 315 received

My thoughts


Hi Patrick,

There is a NEW reality...................you have just entered it. ADDING TO CONTRACTS DOESN'T EXIST!

This is what is really happening.......(at least my humble opinion)........fear starts to set in because you see a trade starting to go against you.......so add a contract to to cut your losses. Funny thing is THE TRADE IS GOING AGAINST YOU. Reptilian brain kicks in..............where's the quick fix? I know...........ADD CONTRACTS. This is like bailing the row boat with a thimble. The brain registers that you are at least doing something. However, most of the time this fails and fails miserably.

Possible fix: Adding contracts and scaling in and out simply do not exist for you. They sound exotic and feel sophisticated. 1 or 2 contracts ONLY; a resonable profit target 3/4 ticks (expand profit target with more experience); a reasonable stop loss (one you can live with). A stop loss of 4 is too restrictive. 5 ticks against you and things are getting dicey. 6 ticks against you on a 4 range chart and you are already into the second candle going against you. Pretty good indication that you need to bail. (Test tolerances with market replays - what is the average number of ticks going against you before price direction reverses?)

The trade: All the work is done upfront. Very little thinking is done once the trade has been entered. Using Ninjatrader's DOM is almost like a bot - no after thinking required. Each trade is a discrete happening. You must let the DOM do its thing. You cannot interfer. You can only hit the abort (close) button. Otherwise, you have to let the trade play out. This is a different kind of trading - not like riding a runner for several hours.

And here is the kicker: THERE WILL ALWAYS BE ANOTHER TRADE AROUND THE NEXT BLOCK. Small "turtle-like" trades that are firm, positive and successful will be the ticket. There is no "grabbing" trades. The market is like a sea filled with fish and the profits will always be there. Don't get wrapped up in feeling like you have to get into a trade or you'll miss something. There is a sense of urgency when you are live on the market looking at the candles forming and seeing price action moving. Makes you want to jump in. This sense of urgency makes you want to do something - anything. But wait........you have the control in your hands as to when YOU assess the correct setup and decide upon the correct entry. You are the master............you can control when you want to enter the stream of price action.

Be plodding, methodical, non-reactive when making entry decisions. Also, set a goal for yourself - for now, all I want is a 70% success rate. We are not shooting for perfection only a reasonable percentage............reasonable percentage of success, reasonable profit target, reasonable stop loss.

In my humble opinion - I'd rather be the turtle than the hare...........I'll make more money.

Good trading,

Madelynn

Reply With Quote
The following 4 users say Thank You to madelynnjohnson 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 05:19 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 2017-12-18 in 0.17 seconds with 20 queries on phoenix via your IP 23.22.136.56