chungp2's Trading Journal - futures io
futures io futures trading



chungp2's Trading Journal


Discussion in Trading Journals

Updated by chungp2
      Top Posters
    1. looks_one chungp2 with 106 posts (25 thanks)
    2. looks_two Big Mike with 3 posts (2 thanks)
    3. looks_3 Devil Man with 1 posts (0 thanks)
    4. looks_4 Cloudy with 1 posts (1 thanks)
    1. trending_up 9,755 views
    2. thumb_up 28 thanks given
    3. group 3 followers
    1. forum 112 replies
    2. attach_file 238 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
 

chungp2's Trading Journal

(login for full post details)
  #81 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received

have watched a lot of webinars in futures.io (formerly BMT)...some random things that stuck in my mind:
  • wait for the best opportunities
  • it is OK to miss out on a trade
  • the market does not care if you were profitable or not the day before...everyday is a new day
  • each trade is 50/50...trade and risk mgmt determines the outcome
  • I cannot control the direction of the market, so focus on the things I can control (risk, size, etc)

had some time at work...drew something up real quick.

Pain of Regret > Pain of Discipline
Attached Thumbnails
Click image for larger version

Name:	notes.png
Views:	44
Size:	1.08 MB
ID:	96364  
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to chungp2 for this post:

Can you help answer these questions
from other members on futures io?
Do You Have A PlayBooks/What Form Does It Take?
Traders Hideout
3x Fangdango
Traders Hideout
Macros for flatten and reverse
TradeStation
Degiro Negative Balance Advice
Traders Hideout
Capping Size in Tradestation
TradeStation
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Lost & losing hope
25 thanks
VWAP for stock index futures trading?
19 thanks
Coronavirus COVID-19
17 thanks
Emini 4 Tick Scalp still valid?
17 thanks
Price Action Kewltech Style
15 thanks
 
(login for full post details)
  #82 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received

I didn't take any trades today. But I did create a plan for the day. I saw an opportunity to enter at around 9:43 off one of my levels, but I didn't pull the trigger.

Pain of Regret > Pain of Discipline
Attached Thumbnails
Click image for larger version

Name:	ES 12-12-120 Min-12.4.2012-20.43.30.png
Views:	32
Size:	175.2 KB
ID:	96429   Click image for larger version

Name:	Opportunity.png
Views:	29
Size:	348.1 KB
ID:	96430  
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #83 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received


I took one trade (3 contracts) at one of my levels. I was able to get 2 of my targets filled. My second target just barely got filled. I placed it at a HVN within the developing profile. After getting filled on my 2nd target, price moved up past a LVN and I was leaning on that for my last stop. If price were to break past that LVN and travel through the HVN below that, then my assumption on the direction of the market was wrong. It did break past the LVN and eventually hit my stop. Price then proceeded to plummet all the way down to 1396.75. At that point I didn't have anything in my plan to enter into a trade...so I just sat on my hands.

Will post up charts a little later.

Pain of Regret > Pain of Discipline
Attached Thumbnails
Click image for larger version

Name:	ES 12-12-120 Min-12.6.2012-0.57.24.png
Views:	18
Size:	146.6 KB
ID:	96572   Click image for larger version

Name:	trade.png
Views:	18
Size:	341.0 KB
ID:	96573   Click image for larger version

Name:	excel.png
Views:	19
Size:	309.4 KB
ID:	96574  
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #84 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received

I took two trades today based on my plan. The first one didn't work out, however the second one did.

I entered long with 3 contracts and got tagged on my stop during my first trade. However, it set up very quickly again and this time entered in with 2 contracts (risk/money mgmt wouldn't allow me to do a 3-lot again). I left my stop where it was after my first target was hit. After price crossed a LVN above, I moved my stop to the middle of the HVN below the LVN that was just crossed. I put my 2nd target at the Micro-composite VPOC (1413.50). This trade took forever to play out. My stop almost got hit. Had it gone one tick lower, it would have hit my stop. Price then reversed. It was starting to get late in the day and I wanted to flatten my position. So I modified my stop to the high of the day (at the time, 1412.75). It eventually got hit. Price then proceeded to go to 1413.50 level (which amazingly ended up being the high of the day). I ended up barely profitable for the day. However, what I am more ecstatic about is the fact that I was able to pinpoint (to the tick) where price was likely heading. Probably not going to happen often, but it definitely gives me confidence in my growing ability to anticipate where the market may move.

Will upload charts and excel journal later.

Pain of Regret > Pain of Discipline
Attached Thumbnails
Click image for larger version

Name:	ES 12-12-120 Min-12.7.2012-0.29.34.png
Views:	20
Size:	137.8 KB
ID:	96631   Click image for larger version

Name:	Capture.PNG
Views:	13
Size:	369.1 KB
ID:	96645   Click image for larger version

Name:	Capture2.PNG
Views:	15
Size:	220.2 KB
ID:	96646  
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #85 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received

Took one trade at one of my areas of business. I entered in short with 3 lots. My first and second targets were both filled, at which point I moved my stop to BE. Price then moved back up and through my stop.

Pain of Regret > Pain of Discipline
Attached Thumbnails
Click image for larger version

Name:	ES 12-12-120 Min-12.7.2012-23.5.45.png
Views:	15
Size:	195.3 KB
ID:	96700   Click image for larger version

Name:	Capture.PNG
Views:	18
Size:	354.1 KB
ID:	96701   Click image for larger version

Name:	Capture2.PNG
Views:	17
Size:	231.8 KB
ID:	96702  
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #86 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received

-everyday 5:15PM - d/l minute and tick data

-every morning - check footprint chart for any missing gom data...run market replay if anything is missing.

-end of every week - check for missing gom/tick/minute data

review areas of past support and resistance and watch the bid/ask price action.

Pain of Regret > Pain of Discipline
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #87 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received

haven't had time to journal any of my trades b/c of other commitments (visa stuff for my wife).

I have traded the past two days however. Both days were in the red. Trying to keep my losers within reason. It's a little discouraging to see gains being lost again, but I just gotta remember: it's a marathon...not a sprint.

Pain of Regret > Pain of Discipline
Attached Thumbnails
Click image for larger version

Name:	ES 12-12-120 Min-12.11.2012-6.26.4.png
Views:	14
Size:	202.5 KB
ID:	96973   Click image for larger version

Name:	12.10 Trade 1 and 2.PNG
Views:	13
Size:	363.2 KB
ID:	96974   Click image for larger version

Name:	ES 12-12-120 Min-12.12.2012-1.23.11.png
Views:	13
Size:	123.6 KB
ID:	96993   Click image for larger version

Name:	12.11 Trade 1.PNG
Views:	10
Size:	346.2 KB
ID:	96994   Click image for larger version

Name:	Capture.PNG
Views:	13
Size:	214.4 KB
ID:	96995  
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #88 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received

took a break from trading to take care of a couple of different things for my move back to the states. Was also a good opportunity to run a couple of stats on the market. Nothing groundbreaking, but more or less confirmation for things that FT71 and a couple of other folks on here have already done.

Pain of Regret > Pain of Discipline
Attached Thumbnails
Click image for larger version

Name:	ESDailyRange.png
Views:	19
Size:	124.1 KB
ID:	98357   Click image for larger version

Name:	ON Levels.png
Views:	18
Size:	125.3 KB
ID:	98358  
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #89 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received

I normally don't do resolutions, but I think in trading, one can always improve and make new resolutions, new years or not.

I took a look at the recent video that @PandaWarrior put up on risk and position sizing. Caused me to go back and re-evaluate my own trading and risk plan. I've made some revisions...the biggest one being I am switching over to the YM.

I made a couple of quick YM vs ES points to help in my decision. Also attaching my risk and position sizing calculations based on the video I watched.

Pain of Regret > Pain of Discipline
Attached Thumbnails
Click image for larger version

Name:	Capture.JPG
Views:	17
Size:	50.8 KB
ID:	98491   Click image for larger version

Name:	contracts.JPG
Views:	15
Size:	57.8 KB
ID:	98492   Click image for larger version

Name:	Daily Goal.JPG
Views:	15
Size:	53.3 KB
ID:	98493  
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #90 (permalink)
Hartford, CT
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
chungp2's Avatar
 
Posts: 123 since Jun 2012
Thanks: 50 given, 34 received


Took some stats on the YM...same as I did with the ES. All data is from 1/2/2009 up to 12/28/2012. It is not holiday or outlier adjusted. Those of you looking at these numbers may want to run these stats yourself. Don't trust anyone else's homework.

Pain of Regret > Pain of Discipline
Attached Thumbnails
Click image for larger version

Name:	Daily Range.JPG
Views:	18
Size:	338.3 KB
ID:	98494   Click image for larger version

Name:	ON.JPG
Views:	16
Size:	404.8 KB
ID:	98495   Click image for larger version

Name:	Day type.JPG
Views:	14
Size:	260.7 KB
ID:	98496  
Visit my futures io Trade Journal Reply With Quote


futures io Trading Community Trading Journals > chungp2's Trading Journal


February 19, 2013


Upcoming Webinars and Events
     



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