TST Combine Journal - Trading Journals | futures io social day trading
futures io futures trading


TST Combine Journal
Updated: Views / Replies:60,209 / 556
Created: by indextrader7 Attachments:50

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
 50  
 
Thread Tools Search this Thread
 

TST Combine Journal

  #161 (permalink)
Elite Member
Mumbai, India
 
Futures Experience: Advanced
Platform: ChartNexus
Favorite Futures: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,659 since Feb 2012
Thanks: 3,312 given, 2,719 received

A 'psychology' journal more than a 'market' journal


indextrader7 View Post
Today was a great day as far as having the proper trader mindset goes. Really quite good, but not perfect.

After checking the news today, I got the idea to set a loop timer to be a reminder to bring me back to where my mind should be, and read through important mental beliefs and such that I have written out (all Mark Douglas stuff).

I set it to go off every half hour. It's a free tool I found at Loop Countdown - Repeating Timer - Loop Timer if anyone is interested.

A big THANK YOU for that resource! Just what I was looking for!


indextrader7 View Post

7:00 to 7:22 - I did notice a bit of frustration felt due to the fact that the market was absolutely not moving. I noted this feeling, and refocused.

*In between trades (looking for next edge) I noticed, "I'm fully aware of my desires to anticipate signals today." This is a good thing for me to notice myself thinking about.

Your journal is unique because you don't just focus on the market part, you also focus on what is MY state at the moment part which makes us feel we are sitting right next to you and observing your mind through a glass on your forehead while you are trading. Thanks!

The following 2 users say Thank You to iqgod for this post:
 
  #162 (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


targetfilled View Post
Have you started your combine...

Not yet. No rush.

The following 2 users say Thank You to indextrader7 for this post:
 
  #163 (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


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



@DarkPoolTrading here are the CL trades on a chart for you today:

Got chopped up a bit early on, but then we got some continuation and I was there and available for it.

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




...and two later in the day:

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



I've got to run to have lunch with a buddy, but I'll post my more detailed review later. Wow, the bottom is falling out as I type this...

The following 4 users say Thank You to indextrader7 for this post:
 
  #164 (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 will admit it. Trading CL is taking a toll on me. It's so demanding. It's so fast. It's so mean!

I feel as though my returns (especially on a risk adjusted basis) have diminished. I will, however, finish this Exercise #3 I'm currently in with the same market through the end of the week as planned.

I will be taking a hard look at ES though. I know it's "slow" compared to CL, but that is welcomed at this point. I really do feel worn out.

Ok, enough of the pity party. Here are the cumulative results since I began Exercise #3 last Friday. This is my sheet I import the trade analyzer data into. The results are in average ticks per contract traded.

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



Mentalities:

They have been quite good actually! Things have become much easier since I got away from TRYING to be so mechanical, when that is not what I do. I'm really embracing the uncertainty of the markets, although I would be lying if I said I didn't want to be right on every trade. At least I am acknowledging that it's impossible to know the outcome of trades, which is a huge benefit when it comes to trade management.

The problems, frustrations, and weariness are coming from trying to trade so TIGHTLY in such a wild market.

The following 6 users say Thank You to indextrader7 for this post:
 
  #165 (permalink)
Elite Member
kansas city, KS.
 
Futures Experience: Intermediate
Platform: Tradestation and Interactive Brokers
Favorite Futures: Futures, currencies, stocks and options
 
efutures's Avatar
 
Posts: 13 since Jun 2012
Thanks: 58 given, 27 received

Hi IT7,

Here is my post from your previous thread on 3rd November.

" You are doing a great job of being consistently profitable. Why did you move from TF to CL?. If I am moving to CL from TF, I could expect my profit to go up 2 to 3 folds else not trade CL as the drawdowns to much more severe on CL.

In my opinion, you could easily make more than 20-25 Ticks just by going to higher tick count and being selective in trading. "

I think what I wrote then is still vaild and kind of knew you will have large of drawdown in the way you are trading the CL then. 10-20 Tick in CL is pure noise. The way I see it - you should go for trades that will give you more ticks, meaning use a large tick chart. You will get 3 to 5 trades in normal day, but that is all you need.

Why are you thinking of ES, when you have a thread dedicated to TF. Price action in ES is better than TF but the spread will eat you up if you trade two many times in a day. Check YM price action is similar to ES and the spread better than ES.

Above are just my opinion, all the best to you.

Good Trading.

The following 5 users say Thank You to efutures for this post:
 
  #166 (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


efutures View Post
Hi IT7,
Check YM price action is similar to ES and the spread better than ES.

YM is all good but the tick price is only 5 bucks and the commission is another 5 bucks (on TST for that matter), so you just give up 1 tick to pay for the trade, while in ES or 6E you only pay same 5 bucks while 1 tick costs 12.5, so the costs are less than half of for YM. Same with contracts, you have same number of contracts for ES, YM or anything else, so dollar-wise you cannot gain as much bucks for your ticks. Sure, volatility is higher on YM but then you need to more than double your targets in ticks to gain the same buck for your limit contracts number to match ES, 6E or CL.

PS not sure how come spread is better on YM, unless during news release ES is always 1 tick spread, sometimes even 0. Only in a sense that it is 1 tick on both but 1 tick costs less on YM the spread is just 5 bucks not 12.5 in YM, if you must use market orders, but this is offset by higher (relative to tick value) commissions.

The following 2 users say Thank You to xelaar for this post:
 
  #167 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


xelaar View Post
PS not sure how come spread is better on YM, unless during news release ES is always 1 tick spread, sometimes even 0. Only in a sense that it is 1 tick on both but 1 tick costs less on YM the spread is just 5 bucks not 12.5 in YM, if you must use market orders, but this is offset by higher (relative to tick value) commissions.

It does not matter what type of order you use, you pay the spread. If you use a limit to enter and exit, the market has to move 1 tick to fill you, so your 1 tick gain becomes a scratch. The spread exists always, it's what makes a market. A zero spread is not practically possible for any instrument, for normal type trading anyway.

The following 4 users say Thank You to josh for this post:
 
  #168 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 555 since Jan 2013
Thanks: 31 given, 361 received


efutures View Post
" You are doing a great job of being consistently profitable.

I think what I wrote then is still vaild

Well, it is not. On the last chart posted, after 35 trades he is at breakeven, that is not consistent...

 
  #169 (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


josh View Post
It does not matter what type of order you use, you pay the spread. If you use a limit to enter and exit, the market has to move 1 tick to fill you, so your 1 tick gain becomes a scratch. The spread exists always, it's what makes a market. A zero spread is not practically possible for any instrument, for normal type trading anyway.

I agree but unless you are filled to the tick and then price reversed or reversed one tick shy you don't suffer from the spread. All said commissions toll is much more visible on the statement.

 
  #170 (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


For some reason, venting about CL bothering me yesterday helped me today. I had a much stronger detachment from each 10 or 15 tick swing, and really stuck with my guns. It's like I grew acceptance of the fact that CL is wild, instead of trying to mentally control it tick by tick, haha.

As usual though, I had single trade MAE's that are equal to my daily profits. So I'm only making about 1 unit in terms of R on most profitable days. I'm better in other markets. Actually I'm being hard on myself as usual, my average R today was 58 ticks, and I made 144 ticks... so actually I came out with 2.5R. I'm so mean to me unless I make a conscious effort not to be!

Here's the trades, both on a chart and the trade analyzer.

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).


--------------------------------------------------------


Tomorrow will be the final day of Exercise 3. If feels like a finish line! I'll give a detailed review/analysis/next steps after tomorrow's session.

I also want to say thanks to everyone that takes the time to offer feedback, criticism, and encouragement. I feel honored each time you do.

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

Closed Thread



futures io > > > TST Combine Journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Josh's TST Combine Journal josh Elite Trading Journals 106 April 9th, 2013 10:36 PM
Hunting ticks in the TST combine petrmac Elite Trading Journals 38 February 19th, 2013 08:56 AM
Surly's TST Combine Surly Elite Trading Journals 144 February 16th, 2013 03:33 AM
Ale's TST Combine azbarroso Elite Trading Journals 21 November 21st, 2012 12:58 PM
20 Day Combine at TST David_R Elite Trading Journals 235 November 2nd, 2012 07:17 PM


All times are GMT -4. The time now is 10:42 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 2017-12-13 in 0.15 seconds with 20 queries on phoenix via your IP 54.226.113.250