Pizza Boy-Day Trader-Golf Pro-Attorney...And Back Again - futures io
futures io

Pizza Boy-Day Trader-Golf Pro-Attorney...And Back Again

Discussion in Trading Journals

      Top Posters
    1. looks_one pgmrob3 with 8 posts (8 thanks)
    2. looks_two Big Mike with 2 posts (3 thanks)
    3. looks_3 Quick Summary with 1 posts (0 thanks)
    4. looks_4 Sunil P with 1 posts (0 thanks)
    1. trending_up 2,168 views
    2. thumb_up 15 thanks given
    3. group 5 followers
    1. forum 13 posts
    2. attach_file 0 attachments

Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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

Pizza Boy-Day Trader-Golf Pro-Attorney...And Back Again

(login for full post details)
  #11 (permalink)
Birmingham, AL
Posts: 9 since Mar 2012
Thanks: 8 given, 8 received

I did not trade well today. I traded haphazardly. I reversed positions, I got caught in the chop multiple times. I am not proud of myself today. My trading today was the kind of trading that can blow out an account. I don't like how it feels. I feel dirty. I made money but did not do it the right way. Today I was a gambler and not a trader.

"The difference between a gambler or action addict an a trader is that a trader can stop trading when trends change. A gambler won't stop giving money to the pros until he doesn't have any left."

That was me today. I am not happy about it.

I like to play golf. When I am two or three under par in the first 10 or 12 holes I look at it as an opportunity to get aggressive and go really low for the round. Sometimes it works out and sometimes it doesn't. I think that is how I traded today. I was off to a good start and wanted to use that house money (early birdies) as an excuse to get aggressive as the trading day continued.

What do some of you do when you make a lot of money earlier in the trading day than normal? Do you leave? Do you watch but not trade? Do you not let it affect you?

Reply With Quote

Can you help answer these questions
from other members on futures io?
you cant wait for life is not hard anymore before you de …
Psychology and Money Management
MCnet: (Multi-Timeframe) Directly Added Indicators vs Ba …
Using fxd files in FXCM trading station
Platforms and Indicators
EMA as a trailing stop
Traders Hideout
Price Action Swing Pro NT8
Best Threads (Most Thanked)
in the last 7 days on futures io
The Beast Slayer, Lances NQ Trading Journal
45 thanks
Spoo-nalysis ES e-mini futures S&P 500
22 thanks
Michael Burry warns the Mother of All Crashes is coming
21 thanks
FairX is launching soon
18 thanks
Chart Trader Alternatives ?
14 thanks
(login for full post details)
  #12 (permalink)
Chicago, IL
Experience: Advanced
Posts: 426 since Oct 2009
Thanks: 261 given, 751 received

Very simple if you are a consistently profitable trader.

2 wins & done in any instrument.

I trade 3 instruments everyday.

6E from 7am est up to 8:50am est
CL from 9am up to 10:00am est
NQ or TF from 10am up to 10:58am est
I would suggest you use the same 'edge' you have in crude (if you are 2 wins & done and feel like 'pressing') and switch to

a) index (tf or nq or ym)
b) grain @10:30am est (either zw/zs/zc)





p.s. I have found if you actually put in a 'sim' order in another highly correlated market to your primary--this can 'negate' your gambling urgencies without putting real money on the line.

You could also 'test' trades AFTER you have your nice profit for the a.m. and are OFFICIALLY done.

Seriously--take the pressure off!

Forget about risk in terms of % of total account or margin. After 2 nice winners in ANY instrument (short-term) I challenge anyone to think they will do alot better with a 3rd or 4th or even 5th trade after the 1st 90 or 120 minutes of the open of their chosen instrument.

Okay--some traders can make money after that with 'small' size; I give them that. I always say trade heavier in prime time and have your 'quit with a win(s) attitude' and be done with it.

Hope this helps. 25+ year intraday trader who trades 1st (preference) pullback in established trend and momentum breakouts (higher timeframes) with 3X higher timeframe confirmation in 6E/CL/NQ or TF.



Reply With Quote
The following 4 users say Thank You to researcher247 for this post:
(login for full post details)
  #13 (permalink)
Birmingham, AL
Posts: 9 since Mar 2012
Thanks: 8 given, 8 received

I was able to do this today. I didn't over trade. Lately the fills I've been getting seem pretty good. I have noticed that when I am getting good fills I am usually trading well. I am picking good entry and exit points. I had a stop in the market today that came within a quarter point on the mini S&P and didn't get taken out. THAT NEVER HAPPENS. That's why you don't get out early and reverse. I can handle being stopped out, even like it when it happens. But to stick with a plan, leave the stop in place and see it hold within a quarter point is not something you see everyday.

I took the second half of the trading day off. I left my monitors and ran some errands. The market continued in the direction of my position that I took profits on.

"Feeling remorse because you missed a few points, is like it or not, seated in greed; an emotion you don't need when making financial decisions."

Reply With Quote
(login for full post details)
  #14 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
Big Mike's Avatar
Posts: 50,121 since Jun 2009
Thanks: 32,594 given, 98,702 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,

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote

futures io Trading Community Trading Journals > Pizza Boy-Day Trader-Golf Pro-Attorney...And Back Again

Last Updated on March 30, 2012

Upcoming Webinars and Events

NinjaTrader Indicator Challenge!


Our 12-year anniversary w/ $$,$$$ prizes (check soon)


Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, 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.
no new posts