Like a turtle to his balcony... - Trading Journals | futures io social day trading
futures io futures trading


Like a turtle to his balcony...
Updated: Views / Replies:96,189 / 1,905
Created: by GaryD Attachments:1,051

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
 1,051  
 
Thread Tools Search this Thread
 

Like a turtle to his balcony...

  #1491 (permalink)
Elite Member
La Jolla, CA
 
Futures Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker/Data: Advantage, Trading Technologies, OptionsCity, IQ Feed
Favorite Futures: CL, NG
 
Private Banker's Avatar
 
Posts: 1,040 since Jul 2010
Thanks: 1,713 given, 3,759 received


GaryD View Post
@Private Banker, if I was going to split yesterday, I would have given F period to the left side, because that is where I see the imbalance.

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



Why did you split where you did?

I split it there as it was where the market changed its perception of value. The F period represented the breakout and gave me a clear level to define my risk. A stop below that tells me something has again changed and that perception is no longer valid. It also gave me a defined ledge between the two balance areas.

Glad this is all helpful for you!

Reply With Quote
The following 2 users say Thank You to Private Banker for this post:
 
  #1492 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

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

Reply With Quote
 
  #1493 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received


Once I had the new thought on my side (from Ben), that yesterday was a trend day, and then price came back into ETH VWAP, I thought, ok one more trade... targeted the prior high, and doubled my take for the day. Happy Memorial Day to me! Ben, hope it hits 95+.

Net 142 and out of here! TGIF!




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

Reply With Quote
The following 2 users say Thank You to GaryD for this post:
 
  #1494 (permalink)
Elite Member
Milan Italy
 
Futures Experience: Intermediate
Platform: Ninjatrader, Sierra Chart
Favorite Futures: ES
 
Posts: 523 since Feb 2010
Thanks: 470 given, 629 received


GaryD View Post
The back pain mystery is over. I have three herniated discs, two of them torn. Have been referred to surgeon for a consult.

Gary, I herniated 2 discs in 1999 and it completely transformed my life. (Among other things, I wouldn't now be a trader if it weren't for that event.) Having a strong academic background, I have done a great deal of research in this area, read well over a thousand pages of medical papers, and have consulted specialists and been to conferences in many countries. Only today I had a two-hour conversation with a danish research scientist who may be transforming our thinking about back pain.

I would strongly recommend that you do not rush into surgery, whatever a local surgeon (or even two) may suggest. I would also strongly recommend that you do the kind of independent work on this that you are willing to do on the markets.

Reply With Quote
The following user says Thank You to futuretrader for this post:
 
  #1495 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received




When I found a video from this nut saying he was going to sue Big Mike Trading, that we are all freemasons, etc, I tried to leave a post supporting futures.io (formerly BMT). But he would not allow it.

So, I decided to just say hello.

"SuperFreak" would have been a better compliment, but I'll take what he offered. Pirates can't always be choosy.

Reply With Quote
The following 2 users say Thank You to GaryD for this post:
 
  #1496 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received


GaryD View Post



When I found a video from this nut saying he was going to sue Big Mike Trading, that we are all freemasons, etc, I tried to leave a post supporting futures.io (formerly BMT). But he would not allow it.

So, I decided to just say hello.

"SuperFreak" would have been a better compliment, but I'll take what he offered. Pirates can't always be choosy.


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
 
  #1497 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

Going over my numbers some tonight. I had a very fantastic week on the bottom line, but I see something that I think needs improvement. Overtrading. And the reason I say I "think" it does, is I am not completely sure.

I had one day I was up and gave it back, yes that overtrading is bad. But there are some days where my net P&L will ride between slightly up or slightly down, and as long as I don't max down I will take another opportunity. Or, I will have a loss, scalp some back or even scalp to a profit, and then go in again. And as long as I don't hit max down, and, as long as I take time to understand the day, in my head I see that as purely risk management combined with tenacity.

When I reach a certain point up I will usually quit. It is only when I am not there that I tend to trade more. Scalp more actually. But if I obey risk rules, and am not taking 200 trades, and if scalping is something that helps me remain profitable... Is it bad?

I am starting something new, which is where I will be in a trade, take some off, it pulls back I will add back in, it goes my direction I will take some off. Other times I might get out and back in again, but to me I still consider it the same trade. So from that standpoint I never know how to read the reported trade quantity anymore. I guess I could get in there and analyze every single enrty and exit and adjust the exported numbers, but I am not sure why. It is not like I don't spend enough time on trading as it is.


I reviewed my week two different ways. On the percentage of range it looks beautiful. That was my focus this week. But when I dig into the daily profit factor, I had two days that were not so pretty. One was up, the other down, but both showed a lot of indecision on my part, which lead to my question of overtrading.

I don't think of it in real time. I see it as I have between 9am and 2pm to find some edge. I initially "learned" to trade by paying for a scalping education, and I saw by year two that if I had a loss I could get back to breakeven by taking 2-3 ticks in ES. I can't begin to guess how many days I would be down a few hundred and then get back to breakeven $25 to $37.50 at a time. I consider that just another "edge", but am not sure that I should.

Confidence is a huge ingredient in trading succesfully. Being told by nearly everyone I know that trading succesfully over time is a myth has been a hard thing to overcome. And learning to trade on my own for the most part, I learned some things to survive that may "work" but still be "wrong".

So, even if I am making money, does that insure long term success? At previous points in every traders journey, the answer has been "no", but to continue we need to believe that "this time is different". (Another phrase that is said with sarcasm by the majority of the world.)

I read recently about Jim Dalton being told (quasi quote) "don't mess this guy up". Whatever he was doing worked, right or wrong. And there was some wisdom in what Jim was advised to do. Believing it works is a bigger part of trading than I think is given credit. How else do you stay in a trade? Come back from losses? Face uncertainty?

In an eat what you kill environment, priority number one is to eat.

Attached Thumbnails
Like a turtle to his balcony...-week-p-l-daily-thru-5-24-13.pdf   Like a turtle to his balcony...-weekly-performance-report-thru-5-24-13.pdf  

Last edited by GaryD; May 24th, 2013 at 11:09 PM. Reason: typos, additional thoughts
Reply With Quote
The following 2 users say Thank You to GaryD for this post:
 
  #1498 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,128 since Feb 2012
Thanks: 3,780 given, 7,650 received
Forum Reputation: Legendary

Ooooohhh ouch...


GaryD View Post



When I found a video from this nut saying he was going to sue Big Mike Trading, that we are all freemasons, etc, I tried to leave a post supporting futures.io (formerly BMT). But he would not allow it.

So, I decided to just say hello.

"SuperFreak" would have been a better compliment, but I'll take what he offered. Pirates can't always be choosy.

Now I am scared!

How comes that this PhD with his academy moves to GB right now?
Normally this would be a enrichment to a country - but:
it looks like the FBI made this happen - after the 1'001st complaint about freemasons

GFIs1
Now the European FBI adequates has to deal with

Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
  #1499 (permalink)
Elite Member
Raleigh,NC
 
Futures Experience: None
Platform: Versatile and Stable
Broker/Data: Reliable and Accurate
Favorite Futures: Money
 
Traderwolf's Avatar
 
Posts: 250 since Feb 2012
Thanks: 154 given, 1,025 received


GaryD View Post
Going over my numbers some tonight. I had a very fantastic week on the bottom line, but I see something that I think needs improvement. Overtrading. And the reason I say I "think" it does, is I am not completely sure.

@GaryD,

Congrats on a great week .. Looks like you had a super week.

A couple of questions for you...

You mentioned that you have some past experience in scalping. Can you identify which of the trades you took were related to that technique? Also, what part of your trades or profits do you attribute to your MP methodology and which part to your scalping methodology? Is your scalping methodology a part of your overall trading plan or just something you are experimenting with in addition to MP(I recognize MP is just a framework and not a trading plan).

I mention these questions because I am dealing with these very same issues. I am a PA trader and have high interest in MP to help me identify key market structure, key market zones, market bias, and longer range(intraday) targets. I have a very complete scalping PA plan and am trying to integrate it with what I have learned from you, @Private Banker, and @greenr through all of your fantastic posts. Thanks for all of your insights and I appreciate any insight you may have into scalping integration into MP.

Wolf


Last edited by Traderwolf; May 25th, 2013 at 01:25 PM.
Reply With Quote
The following 3 users say Thank You to Traderwolf for this post:
 
  #1500 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received



GFIs1 View Post
How comes that this PhD with his academy moves to GB right now?

Witness protection program

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

Reply



futures io > > > Like a turtle to his balcony...

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
Turtle Trading System on TOS Fourwedge ThinkOrSwim 8 June 21st, 2014 12:15 AM
Turtle and the Hare kbit Jokes 1 December 12th, 2012 06:22 AM
Turtle TS-code help needed from programmers abcplot EasyLanguage Programming 1 May 11th, 2011 03:29 PM
Turtle Trading System Calculation Help wanted JVentura Platforms and Indicators 2 November 22nd, 2010 09:27 PM


All times are GMT -4. The time now is 04:44 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 2017-12-12 in 0.15 seconds with 20 queries on phoenix via your IP 54.82.112.193