Short term TF trading - Trading Journals | futures io social day trading
futures io futures trading


Short term TF trading
Updated: Views / Replies:84,447 / 797
Created: by indextrader7 Attachments:289

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
 289  
 
Thread Tools Search this Thread
 

Short term TF trading

  #781 (permalink)
The way of Seal by Mark D
Utica NY
 
Futures Experience: Intermediate
Platform: NT7, CQG
Favorite Futures: ES/ CL
 
Posts: 56 since Jan 2013
Thanks: 9 given, 53 received

Do not despise small beginning

Hey,
Just read your post, sorry to hear what happen. I like to share this with you, I trade the ES and I only go for 8 ticks a day. I donít go for home runs but Iím building my account. I started from a very small amount and Iím doing 3 contracts now and making any wheres from 200 to 270 a day and looking to do 4 contracts per trade soon. And thatís only 8 ticks a day and I shut the trading computer off. Now people want me to trade for them now and I wonít do it, I donít need them and Iím focusing only on my goals, the next goal is trading 10 contracts on es. I started with 1 contract with 8 ticks a day. Some time it was 50 a day, but watch how fast it grows. Do not despise small beginning. You will be amaze how well you trade without all the pressure

Reply With Quote
The following 11 users say Thank You to Jacka777 for this post:
 
  #782 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

Sorry to hear what happened. I think it stinks your ex-partner would actively approach former clients into leaving the fund. I would assume the clients can see the performance of your fund at anytime so they could make their own choice? Your fund sounded like it had a decent size ( > 100k ). Maybe having other trading methods to diversify when one method didn't work out well can help. I had noticed your trading was very short term and similar to YTC Scalper. I had a stint with YTC Scalper and finally chucked the whole YTC methodology (PAT & Scalper) away after my own severe drawdowns. I don't believe the YTC guy trades for real now. It got me into the bad habit of averaging down positions as I was new to it. I'm similar to the previous post now. 10-20 ticks on CL or YM/NQ early morning hours then I quit. I also do a few options spreads on another account. Your fund size sounded like it could have done a few options positions too. This guy has some free videos although he charges hefty for everything else. Free Options Trading Videos ; Good luck.

Reply With Quote
 
  #783 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received


Hello all. I have decided to go for a TST Combine.

I've started a new thread for the combine https://futures.io/trading-journals/25862-topsteptrader-combine-journal.html

Anyone that wants to follow along is welcome to come. I won't be abandoning this thread, only temporarily. When the combine is through I'll move my posts back over here.

For now though, my focus will be on the combine thread.

Happy Trading,

-IT7

Reply With Quote
The following 4 users say Thank You to indextrader7 for this post:
 
  #784 (permalink)
Trading Apprentice
Orlando, Florida, USA
 
Futures Experience: Advanced
Platform: eSignal
Favorite Futures: CL
 
Posts: 33 since Oct 2010
Thanks: 1 given, 92 received

Merrick, the problem with a carrot / stick business model is that the one holding the stick always makes the rules least advantageous to you and always wins while you're always at risk of starving. Don't depend upon others in this biz. If you've got $25K of your own cash to trade the CL, then stay with 1-2 contract orders and shoot for $400 - $600 a day average.

Your only major fault to date has been hubris (an excess of ambition). A successful at-home trader is indentured to NO ONE.

Reply With Quote
The following 3 users say Thank You to SteveH for this post:
 
  #785 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received

@Big Mike


Reply With Quote
The following 3 users say Thank You to indextrader7 for this post:
 
  #786 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received

MAE, MFE, P/L

I watched a webinar by FT71 today, and thought his use of this info was a great idea. I especially liked the way it was formatted. So I created something in excel to pull from ninja and do the same thing for my trades... Here's all the TF trades I've taken since 2-4 (last one was 2-11)

This was only trading one contract for every trade, so my results are not as good as they can be with a scale out MM system. The only think I can look at and say I'm pleased with here is the tight, consistent risk mgmt.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Thought I'd share... pretty easy to create, and pretty useful tool.

Reply With Quote
The following 3 users say Thank You to indextrader7 for this post:
 
  #787 (permalink)
Elite Member
San Jose, CA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: NQ
 
PushHands's Avatar
 
Posts: 51 since Mar 2011
Thanks: 779 given, 33 received

Very informative tool. If you ever share it, please let us know. :thumb

And I'm looking forward to following your combine thread; wishing you the best!

Reply With Quote
 
  #788 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received


PushHands View Post
Very informative tool. If you ever share it, please let us know. :thumb

And I'm looking forward to following your combine thread; wishing you the best!

Thanks!

Here's a shot of the spreadsheet itself. The block of info on the left is exported from ninja trade list. Really the only info you need is MAE, MFE, and P/L for your trades.

Note: BEWARE OF NINJATRADER MAE, MFE VALUES. IF YOU SCALE IN/OUT OF A POSITION THE VALUES CAN BE WAY OFF. IF YOU TRADE 1 LOTS, IT'S ACCURATE AS IT IS.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



In order to make this graphically accurate, I had to make adjusted MAE and MFE values. If you just plot the P/L, MAE, and MFE as they are, the MAE looks too low if you had a losing trade and the MFE looks too high if you had a winning trade. I hope that makes sense.

The formula for the adjusted MAE:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


The formula for the adjusted MFE:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



That's really the only formulas that were more advanced. I figure it's self explanatory how to figure cumulative gross and net P/L!

If you want to chart to look nice and pretty and have the zero axes line up for both y axes.... then simply adjust the scales on each so that the max and min are of equal proportion.

Let me know if you need any more help. I think I covered it, but could have left something out!


Last edited by indextrader7; February 19th, 2013 at 09:22 PM. Reason: beware of NT7 MAE, MFE
Reply With Quote
The following 2 users say Thank You to indextrader7 for this post:
 
  #789 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received

Trading webcast tomorrow

I posted this in my combine journal, but I wanted to post here for people that have been a big part of this thread over the past year.

I'm broadcasting my trading live tomorrow.

I was having a conversation with a non-trading friend, and explaining them things about my journals here on futures.io (formerly BMT) and such, and they got me thinking about how helpful it could be for someone to see me trade, and hear me talk out my thought process live.

Join me as I continue to sim trade CL and prep for the combine. I'll be starting at 7am CST.

I think you may have to click on the audio button once logged in in order to hear me. I'll have your end muted, but feel free to chat if you like.

Here's the link! https://join.me/572-521-271

Could be fun!

Reply With Quote
The following user says Thank You to indextrader7 for this post:
 
  #790 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received


I hope some of you were on the webcast this morning. It was such a great session to show real, difficult trading.

I have the recorded webcast on my blog at Trading with indextrader7

The cool thing about it is the fact that you don't have to wade through the long periods of no action. (unless you're a new trader, then I recommend it). If you want to just see the trades, click the "next" button at the bottom, and you'll be taken to the start of the next trade.

I'm going to need a new way to let people know when these things are happening, because right now I'm having to repeat posts in a few different areas.

-IT7

Reply With Quote
The following user says Thank You to indextrader7 for this post:

Reply



futures io > > > Short term TF trading

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Spanish Short-Term Bill Yields Jump Dramatically Quick Summary News and Current Events 0 November 22nd, 2011 07:00 AM
very short-term "Swing" trading heywally The Elite Circle 2 May 13th, 2011 02:30 PM
Short term trading - ticks, fills and amount of trades Twiddle Beginners and Introductions 8 October 30th, 2010 10:16 PM
SHORT TERM trading instruments (5m or lower) ikeaboy Traders Hideout 12 August 14th, 2010 01:26 PM
Is there a big difference between trading long and trading short ? kittyan Traders Hideout 16 July 30th, 2010 07:19 AM


All times are GMT -4. The time now is 03:58 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 2017-12-11 in 0.15 seconds with 20 queries on phoenix via your IP 54.226.113.250