March Madness trading journal - futures io
futures io futures trading



March Madness trading journal


Discussion in Trading Journals

Updated by Big Mike
    1. trending_up 3,437 views
    2. thumb_up 12 thanks given
    3. group 2 followers
    1. forum 33 replies
    2. attach_file 12 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

 
Search this Thread
 

March Madness trading journal

(login for full post details)
  #1 (permalink)
Market Wizard
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
 
aquarian1's Avatar
 
Posts: 3,929 since Dec 2010
Thanks: 1,480 given, 2,512 received

This journal is for the March Madness trading journals.

My goal is to take $20,000 and move it to $50.000 by the end of the month, LOL!

The techniques used are outlined in the Simple Estimation Trading thread.
This means I'll use trendlines, vibration llines ($20.20) and Gann Fann.

I think I'll trade CL - the wildhorse!

I hope to have fun with it and see everyone at the finish line!
Let the games begin!


-----------
1 March +570 = $20,570 1 trade

..........
peace, love and joy to you
.........
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to aquarian1 for this post:

Can you help answer these questions
from other members on futures io?
Convert H Data TS to NT
NinjaTrader
Delta PVP ( POC )
MultiCharts
Can Tradingviews Drawing tool create limit order
Platforms and Indicators
Thanksgiving 2020 Fundraiser - lets be grateful!
Feedback and Announcements
fibonacci retracements settings not saved in investing
Traders Hideout
 
 
(login for full post details)
  #3 (permalink)
Market Wizard
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
 
aquarian1's Avatar
 
Posts: 3,929 since Dec 2010
Thanks: 1,480 given, 2,512 received


March 1, 2012
CL trade
Sold 109.94 Closed 109.87
I was slow off the mark on this trade and entered too late.
However, I wanted to get in the trade before the end of RTH
Here is a short video of the trade:


End of the day $20,570

..........
peace, love and joy to you
.........
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to aquarian1 for this post:
 
(login for full post details)
  #4 (permalink)
Market Wizard
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
 
aquarian1's Avatar
 
Posts: 3,929 since Dec 2010
Thanks: 1,480 given, 2,512 received

Friday March 2, 2012

Bought at 106.32 stopped out 105.92 loss 0.40 * 2= 0.80 = -$800
End of the day $19,770 from $20,000 initial

Video of trade

Post-op on trade
Entered one line too high and was stopped out by 11 cents from LOD 105.81
  • Traded counter-trend at wrong time of day
  • Taking a nap
Learning lessons:
  • Use the green line
  • Stay with with first instincts (which was the green line)
  • If LOD doesn't happen when expected - pass on trade

..........
peace, love and joy to you
.........
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to aquarian1 for this post:
 
(login for full post details)
  #5 (permalink)
Market Wizard
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
 
aquarian1's Avatar
 
Posts: 3,929 since Dec 2010
Thanks: 1,480 given, 2,512 received

Monday March 5, 2012

Trade 1
Long 107.20 and 107.17 at 8:10:03 and 8:10:17
Closed 106.98 at 8:26.40
Loss .22+.19 =220+190=-$410
Monday CL trade 2012-03-05_1235 - aquarian_ian's library
  • Mistakes
    Didn't look at shorter time frame (3min and 1 min).
Trade 2 = trading errors
Buy 106.55 at 9:50:04
Buy 106.52 at 9:54.48
Sell 2 106.50 at 9:54.55
Loss: -0.05 - 0.02 = -50-20=-$70

Total Loss today = -$480
End of the day $19,290 from $20,000 initial

..........
peace, love and joy to you
.........
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to aquarian1 for this post:
 
(login for full post details)
  #6 (permalink)
Market Wizard
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
 
aquarian1's Avatar
 
Posts: 3,929 since Dec 2010
Thanks: 1,480 given, 2,512 received

Tuesday March 6, 2012

Trade 1
Sold 105.26 9:045:32
Bot 105.06 9:13:48
+0.20

Trade 2
Bot 105.04 9:18:24
Bot 105.09 9:19:43
Sld 2 104.85 9:21:52
-0.19-0.24=-0.43

Mistakes
Closed myself out and then trade went in my direction = trust myself
trade1 tues 2012-03-06_0920 - aquarian_ian's library

Trade 3
Sld 105.29 9:33:11
Sld 105.54 9:40:20
Bot 2 105.18 9:45:18
+0.11+0.36=0.47

Trade 4
Sld 105.15 10:06:53
Sld 105.36 10:10:38
Sld 105.29 10:12:43
Sld 105.48 10:24:24
Bot 105.19 10:31:31
Bot3 105.08 10:33:16
-0.04+0.28+0.21+0.40=0.85

+.20-0.43+0.47+0.85=1.09

Total profit today = +$1,090 (screensnap shows $1,100?)
End of the day $20,380 from $20,000 initial


..........
peace, love and joy to you
.........
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to aquarian1 for this post:
 
(login for full post details)
  #7 (permalink)
Market Wizard
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
 
aquarian1's Avatar
 
Posts: 3,929 since Dec 2010
Thanks: 1,480 given, 2,512 received

I have decided to switch away from CL.

Today I spent over 1.5 hours and it is distracting my focus.

I have realized I can only really focus on one thing - so back to ES tomorrow!

..........
peace, love and joy to you
.........
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to aquarian1 for this post:
 
(login for full post details)
  #8 (permalink)
Market Wizard
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
 
aquarian1's Avatar
 
Posts: 3,929 since Dec 2010
Thanks: 1,480 given, 2,512 received

Wednesday 7 March 2012

ES trades today!
  • Narrow range expected i.e. < 12pts.
  • Est high 1355.75 Est range 9.50
  • Act high 1354.25 Act range 10.0

Summary:
Trade 1 = $512.50
Trade 2= $112.50
= $625
Total profit today = +$625
End of the day $21,005 from $20,000 initial capital on 1 March


Trade 1 -Entering the trade
Bot 3 at 1345.25 9:23:56



  • Improvements for future on't hesitate - too late = poor entry (cost 1 pt)
  • Good things: didn't take any heat after entry - all green.

Sld 2 at 1347.25 10:00:28
2pts *100 = $200

10:44 The Rider
One left - video shows potential retracement calc with time (Simple ABCD equal legs) -this estimation didn't work out.

Sld 1 at 1351.50 10:55:12
6.5 pts * 50 = $312.50

12:56 Waiting for Godot
Our estimate for the range was 9.50 in the morning. So far we have had L1344.25 and high 1325.50 or 8.25pts. This is within the range of error estimate (1.50) for the RTH daily range, meaning the high may be inplace. Therefore there would be no need for them to run it up further. This means the risk of error has increase and the pts profit potential would be small for the remainder of the day.
------

14:57 Trade 2 A little quick trade at the end of the day.
Sld 1 1352.75 at 14:55
Sld 1 1352.00 at 14:59
Bot 2 1351.50 at 15:07
1.75 * 50 =$87.5
0.50 * 50 =$25.0
Trade 2= $112.50

Conclusion:
It felt a lot more comfortable trading the ES. I am so used to it and all that it is easier to read.

07-Mar-12
Range: 10.00
Chg Rng -1.00
Mid: 1349.25
High: 1354.25
Low: 1344.25
Open: 1345.75
Close: 1353.00

..........
peace, love and joy to you
.........
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to aquarian1 for this post:
 
(login for full post details)
  #9 (permalink)
Market Wizard
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
 
aquarian1's Avatar
 
Posts: 3,929 since Dec 2010
Thanks: 1,480 given, 2,512 received

Thursday 8 March, 2012

Trade1 - a wash (+$25) (see video for boring details!, LOL)
trade1 2012-03-08_1043 - aquarian_ian's library

10:45 -11:00
Endless computer prbs. Windows 7 auto-update and Ninja7 stopped working (being able to load data).
Restore to prior day and re-installed Jing and then finally found the setting to stop Jing from reducing mic volume to inaudible!! Argh!! No wonder people buy apple!

In any case, big move up in o/n session so no need for them to take out high stops - been there done that. And as normal in a big o/n upmove you get "ok were way up here - now what?" day. So the market churns around searching for a direction.

I wasn't online and charts going til 10:30 (that is 2.5 hrs after turning it on - thank-you Mr.Bill!)

So open 1360.25 down to 1357.50 double bottom (minus 2.75 to open), up to 1363.25 @ 10:52 (+5.75).
If the 3d ma of rng =10 is subtracted from 1363.25 we get 1353.25. On this rather flimsy reasoning (flimsy because we'll probably only get 8pts) I'm selling.

Trade 2
video of entry
Sld 3 1363.25 at 11:00:38
Order for 2 more at 1364.75

..........
peace, love and joy to you
.........
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #10 (permalink)
Market Wizard
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
 
aquarian1's Avatar
 
Posts: 3,929 since Dec 2010
Thanks: 1,480 given, 2,512 received


Thursday 8 March, 2012

Sld 3 1363.25 at 11:00:38
Order for 2 more at 1364.75
Filled 11:45:38
Average on 5 1363.85


At this time I'm thinking that perhaps it will be a Long T-top day. We have a high of 1365.50 from a FE (first end) = LE (low end) of 1357.50 at 9:12 and 9:20 giving 8 pts. With a big move in o/n the range is often smaller so 10pts initial expectation (the 3day ma) to 8pts is about right. If so I need to work myself out of this trade.

..........
peace, love and joy to you
.........
Visit my futures io Trade Journal Reply With Quote


futures io Trading Community Trading Journals > March Madness trading journal


March 30, 2012


Upcoming Webinars and Events
 

Bookmap

Nov TBD
     



Copyright © 2020 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