Breakout Journal - a journey to full time trading - Trading Journals | futures io social day trading
futures io futures trading


Breakout Journal - a journey to full time trading
Updated: Views / Replies:55,772 / 660
Created: by Silver Dragon Attachments:466

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

Closed Thread
 466  
 
Thread Tools Search this Thread
 

Breakout Journal - a journey to full time trading

  #381 (permalink)
Elite Member
Nanjing, NJ
 
Futures Experience: Intermediate
Platform: CQG/TOS
Broker/Data: Optimus/CQG
Favorite Futures: CL
 
Posts: 102 since Jun 2010
Thanks: 33 given, 71 received


Silver Dragon View Post
One of the things I have struggled with is setting a proper target for my trades. Some are obvious while others are not. The part I have to figure out is how to get more out of my trades. I have witnessed my trades run further after I get out of them. So I wanted to know how much further they ran. Below are the results compared to my actual profit taken.

The left two columns is a estimate of Max number of ticks/profit my trades could have made. The right column is what I actually made. My current target is 15 ticks. Had I left the trades alone I would have hit my 15 tick target on every trade.


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

Robert, I struggle with setting target myself. Now I see it this way: it all depends on the style of your trading.

If you're scalping, then 15 ticks in CL is very good. No need to regret about "lost" profit. Practice your set up and get your 15 ticks consistently.

If you're truly trading trends or larger swings, you probably should look at larger time frame and target 20+ targets.

The following user says Thank You to shzhning for this post:
 
  #382 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received


xelaar View Post
Robert, funny but our combine results look very similar, half time in, third of required profit acquired and the only red metric is holding time. Keep up good work!
Alex

@xelaar

Thanks Alex! Good luck to you as well. Are you keeping a journal here on futures.io (formerly BMT)?

Robert

nosce te ipsum

You make your own opportunities in life.
 
  #383 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received



shzhning View Post
Robert, I struggle with setting target myself. Now I see it this way: it all depends on the style of your trading.

If you're scalping, then 15 ticks in CL is very good. No need to regret about "lost" profit. Practice your set up and get your 15 ticks consistently.

If you're truly trading trends or larger swings, you probably should look at larger time frame and target 20+ targets.

@shzhning

Right now I am focusing on entries so I am very happy with my results. However, what my comparison showed is I dont have confidence once I am in the trade. When the trade appears to be going against me I panic and exit the trade. What I need to do is keep my hand off the mouse and let the trade play out.

In the future I would like to manage the trade from the stop side or with a larger logical target such as support/resistance, trend lines, etc. This will give me the occasional home runs which would take my trading to the next level.

Robert

nosce te ipsum

You make your own opportunities in life.
The following user says Thank You to Silver Dragon for this post:
 
  #384 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received


Silver Dragon View Post
@xelaar

Thanks Alex! Good luck to you as well. Are you keeping a journal here on futures.io (formerly BMT)?

Robert

Yeah, click on the journal button.

The following user says Thank You to xelaar for this post:
 
  #385 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received

Playing around with Tradervue. Below is a summary sheet and statistics of last week. Included a view of MAE.

The MAE view is interesting. I take a average of 3 ticks of heat on a winning trade. My take away is my entries are solid and I should continue to doing what I am doing. I currently start out with a 15 tick stop. This could be moved to a 10 tick stop based on the this data. However, to be statistically accurate I need more trade data.

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

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

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

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

nosce te ipsum

You make your own opportunities in life.
The following 2 users say Thank You to Silver Dragon for this post:
 
  #386 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received

Night Entry

Entry type: Sell Stop below support

Tried to take a trade below the support level. Had 2 ticks of slippage on entry. The trend line ended up holding. Ended the trade -4 ticks.

Robert

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

nosce te ipsum

You make your own opportunities in life.
The following user says Thank You to Silver Dragon for this post:
 
  #387 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received

In the dark!! Transformer blew down the street right after I entered a trade. Bummed! This is why you always use stops!!

nosce te ipsum

You make your own opportunities in life.
The following user says Thank You to Silver Dragon for this post:
 
  #388 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received


Silver Dragon View Post
In the dark!! Transformer blew down the street right after I entered a trade. Bummed! This is why you always use stops!!

Long night.. Power came back on about 1:30 am. Resetting and checking everything till 2 am. Tired this morning.. Writing this from my iPad @ McDonalds while sipping a large cup of caffenee so I have no idea how my trade turned out.

Robert

nosce te ipsum

You make your own opportunities in life.
 
  #389 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received

I should have not traded on Sunday night. Need to stick to day trading. That is where the profits are at.

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

nosce te ipsum

You make your own opportunities in life.

Last edited by Silver Dragon; April 29th, 2013 at 11:16 PM.
 
  #390 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received


Morning Charts for 4-29-13

Weekly chart is up however CL has not cleared the last weeks high. Will be watching closely to see if it re-tests last weeks highs. The 15 minute and hourly chart are in agreement this morning via the trend line and support: A break below 9318 would be a entry point to go lower. A break above 9346 would be a entry to go higher. Currently in middle of this range.

Robert

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

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

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

nosce te ipsum

You make your own opportunities in life.
The following 2 users say Thank You to Silver Dragon for this post:

Closed Thread



futures io > > > Breakout Journal - a journey to full time 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
David_R's Trading Journey Journal (Pls comment) David_R Trading Journals 165 July 17th, 2014 02:21 AM
My path of trading full-time LJYY Trading Journals 24 December 14th, 2012 09:37 PM
New Beginnings: The Journal of a Trader's Journey to Equanimity plethora Trading Journals 122 March 5th, 2011 11:13 PM
Curbfeeler's Trading Journal (It's a Journey) Curbfeeler Trading Journals 5 September 27th, 2010 11:32 AM
How long have you been trading full-time? Big Mike Traders Hideout 2 August 27th, 2009 06:20 PM


All times are GMT -4. The time now is 12:49 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 0.13 seconds with 20 queries on phoenix via your IP 107.20.115.174