The benefits of creating a journal in this forum - Trading Journals | futures io social trading
futures io futures trading


The benefits of creating a journal in this forum
Updated: Views / Replies:25,577 / 74
Created: by Big Mike Attachments:2

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Reply
 2  
 
Thread Tools Search this Thread
 

The benefits of creating a journal in this forum

  #61 (permalink)
Trading for Fun
Kalispell montana
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 158 since Jan 2015
Thanks: 157 given, 23 received

What if the indictor is not something that is easily dispelled into a single number, how does this get recorded into the spreadsheet journal?

Reply With Quote
 
  #62 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 582 since May 2013
Thanks: 92 given, 620 received


sledmt View Post
That was more of what I thinking. A spreadsheet or data table that records each trade entry as a function of different parameters. The different indictors that are used to get in and their value at the time of entry.

I could sit down and make a spreadsheet or something, but I was wondering if someone was already using something.

I just assign a point value to each criteria of my trading plan.
For example for a pull back trade:

Stock is in an uptrend.
Has pulled back 3 or more days
Volume has decreased on the pull back
R:R is at least 1 to 2.5
Enter when price breaks prior days high
Stop is just below prior days low
Initial target is last swing high.
Risk less than 1% of capital

Each criteria is worth 1 point.
Meet all criteria add 2 points
Ignoring any criteria is minus 2 points

It doesnít matter if the trade is a winner or a loser following all the criteria gives you a perfect score.

Keep in mind that Iím swing trading stocks.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
The following 3 users say Thank You to deaddog for this post:
 
  #63 (permalink)
Trading for Fun
Kalispell montana
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 158 since Jan 2015
Thanks: 157 given, 23 received




Tradervue looks really interesting. Lot of features to this program.

Reply With Quote
 
  #64 (permalink)
Trading for Fun
Kalispell montana
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 158 since Jan 2015
Thanks: 157 given, 23 received


deaddog View Post
I just assign a point value to each criteria of my trading plan.
For example for a pull back trade:

Stock is in an uptrend.
Has pulled back 3 or more days
Volume has decreased on the pull back
R:R is at least 1 to 2.5
Enter when price breaks prior days high
Stop is just below prior days low
Initial target is last swing high.
Risk less than 1% of capital

Each criteria is worth 1 point.
Meet all criteria add 2 points
Ignoring any criteria is minus 2 points

It doesnít matter if the trade is a winner or a loser following all the criteria gives you a perfect score.

Keep in mind that Iím swing trading stocks.

Good ideas. I was thinking along those lines. Assigning certain values to certain setups.

Reply With Quote
 
  #65 (permalink)
Trading Apprentice
Budapest, Hungary
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: Infinity/SierraChart
Favorite Futures: FDAX,CL
 
Posts: 19 since Sep 2013
Thanks: 36 given, 17 received

www.tradebench.com

Hi sledmt,

I don't know Ninja well enough but many platform includes some kind of trade statistics and graphs.

As I see you basically wants to review your trades with everything on screen compared to statistics and notes only.
Many platform features screenshot functions and volunteers used to upload plugins/indicators which simply take a picture when a trade triggers and/or exits. You might try to find one for Ninja.

As for taking notes.. I can get stats from the platform, I can review the screenshots... so "lyric" notes has not much value for me, strictly personally. But I score the setup, the target and the stop (or the management of them) to evaluate and filter trades and feelings later.

Intraday trading might be busy to jot typed-in notes real-time. I've heard others suggesting of writing with hands and different colors (long-short or win-loss trades) or using a dictaphone (app). But you know what you are able to operate easily.

At some time I found this site: https://www.tradebench.com/
It offers the service for free or more precisely for "a maximum of 2 sponsored e-mails per month".
However, I have not tried it yet (I've found it "too" detailed) but I'd be happy to read some lines if you give it a try.

All the best,
L

Reply With Quote
The following user says Thank You to lezzlee for this post:
 
  #66 (permalink)
Trading for Fun
Kalispell montana
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 158 since Jan 2015
Thanks: 157 given, 23 received


lezzlee View Post
Hi sledmt,

I don't know Ninja well enough but many platform includes some kind of trade statistics and graphs.

As I see you basically wants to review your trades with everything on screen compared to statistics and notes only.
Many platform features screenshot functions and volunteers used to upload plugins/indicators which simply take a picture when a trade triggers and/or exits. You might try to find one for Ninja.

As for taking notes.. I can get stats from the platform, I can review the screenshots... so "lyric" notes has not much value for me, strictly personally. But I score the setup, the target and the stop (or the management of them) to evaluate and filter trades and feelings later.

Intraday trading might be busy to jot typed-in notes real-time. I've heard others suggesting of writing with hands and different colors (long-short or win-loss trades) or using a dictaphone (app). But you know what you are able to operate easily.

At some time I found this site: https://www.tradebench.com/
It offers the service for free or more precisely for "a maximum of 2 sponsored e-mails per month".
However, I have not tried it yet (I've found it "too" detailed) but I'd be happy to read some lines if you give it a try.

All the best,
L

thank you for your thoughts. The Dictaphone idea is interesting. That might something to try.

Reply With Quote
 
  #67 (permalink)
Elite Member
Bratislava, Slovakia
 
Futures Experience: Advanced
Platform: Sierra Chart, NinjaTrader
Favorite Futures: NQ, YM, ES
 
Pepe2000's Avatar
 
Posts: 91 since Sep 2012
Thanks: 11 given, 108 received

I have been a member of futures.io (formerly BMT) for a while but only now I read BM's opening of this thread and it is funny how we separately came to the same conclusion about personal trading blog. I created mine for exactly the same reason. I will be posting my results here as well. Thanx.

Reply With Quote
The following 2 users say Thank You to Pepe2000 for this post:
 
  #68 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 2,426 since Sep 2015
Thanks: 4,897 given, 3,446 received
Forum Reputation: Legendary


sledmt View Post
Curious, does any on this forum do their journaling in some type of database program. I was looking at doing some journaling for trading, but was considering entering the information in some type of database (SQL, access, dbase, excel). Would give me the quick power to review my trades just by doing custom filters on the data.

First, I'm posting this to understand if most people here differentiate between a trading journal and a trading log.

When I started trading I put together a fairly straightforward Excel trading log. Currently I am building an Access database and migrating the Excel file across.

Depending on the analyses you need to make, it may be quicker and simpler by filtering the data directly in Excel.

MS Access may give you more power and options longer-term but the initial effort to put it together is significant in terms of man-hours. Especially when considering the number of queries needed to just come up with a simple P/L, you may as well use Excel and a few formulae to get the same result.

It all depends on your trade-off (no pun intended!) really.

Reply With Quote
The following user says Thank You to xplorer for this post:
 
  #69 (permalink)
Risk--->0 $--->∞
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,474 since Nov 2011
Thanks: 4,166 given, 2,097 received
Forum Reputation: Legendary


sledmt View Post
Curious, does any on this forum do their journaling in some type of database program. I was looking at doing some journaling for trading, but was considering entering the information in some type of database (SQL, access, dbase, excel). Would give me the quick power to review my trades just by doing custom filters on the data.

I use and like this Excel based trading Journal. Has only a one time fee (low if you ask me for what you get) and is very comprehensive IMHO.

Trading Journal Spreadsheet ģTrade Tracking , for Elite Traders!

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
The following user says Thank You to Blash for this post:
 
  #70 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,057 since Aug 2011
Thanks: 966 given, 2,583 received

poppycock...


total BS.

Reply With Quote
The following 3 users say Thank You to wldman for this post:

Reply



futures io > > > The benefits of creating a journal in this forum

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

FIO Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

May
 

Prototyping Python Strategies (part 2: Backtesting) w/Ran Aroussi [special time: 1PM ET]

Elite only
 

Portfolio Diversification w/Brendon Delate @ Diversify Portfolio

Elite only

An overview of volumetric analytical tools w/Sergey Sokolov @ PTMC

Elite only

John Hoagland (TBA)

Elite only

FuturesTrader71 Extended Ask Me Anything (AMA)

Elite only

Pete @ Jigsaw Trading (TBA)

Elite only

John @ No BS Day Trading (TBA)

Elite only

An Afternoon with FIO member Softsoap (being rescheduled)

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Recession Seen Looming as Jobless Benefits End Quick Summary News and Current Events 0 August 4th, 2011 04:50 PM
Benefits of NinjaTrader Standard Edition ptop NinjaTrader 0 February 18th, 2011 10:42 AM
Help creating this indicator in NT7 marin NinjaTrader Programming 1 October 24th, 2010 11:30 AM
Creating a Rectangle with an anchor zeller4 NinjaTrader Programming 4 March 12th, 2010 12:04 AM
Creating Arrows spinnybobo NinjaTrader Programming 3 October 15th, 2009 09:45 AM


All times are GMT -4. The time now is 09:41 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 2017-05-24 in 0.14 seconds with 20 queries on phoenix via your IP 54.162.136.26