TST Combine Journal - futures io
futures io futures trading



TST Combine Journal


Discussion in Trading Journals

Updated by JTurner77
      Top Posters
    1. looks_one indextrader7 with 265 posts (970 thanks)
    2. looks_two josh with 28 posts (91 thanks)
    3. looks_3 Big Mike with 16 posts (55 thanks)
    4. looks_4 Pedro40 with 16 posts (13 thanks)
      Best Posters
    1. looks_one rubyslippage with 18.7 thanks per post
    2. looks_two indextrader7 with 3.7 thanks per post
    3. looks_3 Big Mike with 3.4 thanks per post
    4. looks_4 josh with 3.3 thanks per post
    1. trending_up 73,201 views
    2. thumb_up 1,774 thanks given
    3. group 85 followers
    1. forum 556 replies
    2. attach_file 50 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)

Closed Thread
 
Thread Tools Search this Thread
 

TST Combine Journal

  #461 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012



Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
264 thanks
What is your single biggest weakness?
51 thanks
Want your NinjaTrader indicator created, free?
44 thanks
VWAP for stock index futures trading?
39 thanks
Is Amp at risk of going under?
38 thanks
 
  #462 (permalink)
London/Canada
 
Experience: None
Platform: NinjaTrader
Trading: YM, NQ, TF, ES, 6E, CL
 
Posts: 8 since Mar 2013
Thanks: 22 given, 5 received

Good job today. I've been following your thread and I want to say good luck on your current combine.

Quick question, but do you have a few setups (that repeat over and over again), that you take? Seems to me that you are over-trading (32 trades)?

The following 2 users say Thank You to RoboVinhci for this post:
 
  #463 (permalink)
Super Moderator
Sarasota FL
 
Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 5,624 since Jan 2013
Thanks: 44,067 given, 19,019 received


Congratulations on the comeback trades on Wednesday.

Like many others, I have been inspired by your posts, and I feel for you during the rough patch you've encountered.

Clearly, you're a good trader and can get through whatever your difficulties are, and be stronger for it. You will certainly succeed.

Everything you have posted shows that you can do so.

Visit my futures io Trade Journal
The following 2 users say Thank You to bobwest for this post:
 
  #464 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

A quick update on Combine 3.

Still having trouble managing risk properly all the time. Something must give.

I've had 4 trades that have violated how large of a loss I'll allow for a trade. 3/4 were losers, and those 3 trades have cost me exactly -$5,000. I am down -$1,550 overall on the combine... you do the math. Today I had a winning day going in both markets, and decided to trade a 14 lot going in to the ES close. Nice job.

I've traded CL for several days now, and have had good success with it. There does seem to be a correlation between my risk control and my starting trading ES. It's so slow... I seem to not be afraid of it. I am for sure afraid of CL, and don't have trouble cutting losers because I've seen how badly it can burn me. Just a thought. It's probably deeper than that, and I can't blame my lack of discipline on the market I'm trading. I should be able to properly control position sizing and stop losses regardless of the market traded.

Combine 3 results so far:









I have plenty of time to pass this thing, despite my lapses in risk management. That's how good I am at making money; too bad I'm not good enough at not giving it back. Working on that... I have 16 trading days left. Just manage risk man. You're good enough to make the cut if you will manage your risk.

I will prevail.

 
  #465 (permalink)
Market Wizard
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
 
aquarian1's Avatar
 
Posts: 3,867 since Dec 2010
Thanks: 1,471 given, 2,478 received

Thanks for the update!

Good to see you're still kickin

It looks like the ES is mius 773 and the Cl is plus 773 exactly the same number for trade average !

Wear a mask, mandate others to wear masks, & remember that @WHO is criminally incompetent. To repeat:@WHO is criminally incompetent. Nassim Nicholas Taleb (@nntaleb) March 31, 2020
Visit my futures io Trade Journal
The following 3 users say Thank You to aquarian1 for this post:
 
  #466 (permalink)
Boston, MA
 
 
Posts: 5 since Feb 2013
Thanks: 2 given, 10 received

stay strong

Good morning Indextrader. I've been following you for the last 3 weeks. I wish you the best of luck, stay strong, keep focused and seek emotional detachment from your trading. Best of luck!

The following 4 users say Thank You to gabrielc for this post:
 
  #467 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


RoboVinhci View Post
Good job today. I've been following your thread and I want to say good luck on your current combine.

Quick question, but do you have a few setups (that repeat over and over again), that you take? Seems to me that you are over-trading (32 trades)?

Thanks for the best wishes.

I do have setups, it's very discretionary, but I can label the trades a handful of things.

Overtrading has not been a problem as of late. Your coming to this conclusion from information on my stats is from the TST report. Those TST reports calculate the number of trades way differently than I do. If I get long a 6 lot, and scale out 2, then scale out 2, then scale out 1, then leave the last one for a runner. TST counts that as 4 trades. Not to mention if I add back a scale out, it only makes it worse.

This dynamic is also hurting my avg win: avg loss metric since the scale outs are going to be multiple trades in the eyes of TST.

I say all this to just answer your question. I don't give a crap about what the stats are at the moment, it would be counter-productive for me to care. I'm focused on initiating behavior modification, and that's it.

 
  #468 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

I had a negative event today that I turned into a real positive.

I entered long at an area, but it was one of those... "I'd rather get in a few points lower on a pullback, but I'm pretty afraid this thing will run off and leave me" kind of entries. So when price went against me, I added at the level that I really wanted to be long from. Turns out it was a great entry, and I only took $450 MAE on it, but I still do not want to allow myself to have that kind of behavior, so.... the positive thing is....

I immediately closed the trade out, logged out of all platforms, and removed myself from trading the rest of the day. Typically these types of decision snowball and lead to frustration, leading to more bad decisions.

Even though it was a breakdown in discipline to add to the position. It was a big discipline win for me to shut her down for the day upon realizing that I had violated rules.






One interesting find from drilling down in to the stats:


 
  #469 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

-$2,600 on one CL trade just now.




Had to stop out at a very bad location due to almost hitting TST DLL.


I now have 4 trades that total -$7,600

The other 78 trades I've made total +$4,210

Keep up the good work bud! You're really going places and showing marked improvement.

 
  #470 (permalink)
Bay Area California
 
Experience: None
Platform: TT T4
Broker: Phillip Capital
Trading: Futures
 
Posts: 776 since Nov 2011
Thanks: 768 given, 827 received



indextrader7 View Post
-$2,600 on one CL trade just now.




Had to stop out at a very bad location due to almost hitting TST DLL.


I now have 4 trades that total -$7,600

The other 78 trades I've made total +$4,210

Keep up the good work bud! You're really going places and showing marked improvement.


I have two quick comments,

First, you are showing classic signs of loss aversion, in that you would rather take sure profits, but gamble on losses. This generally seems to come from not knowing/ understanding expectancy.

Second, RIGHT after you got stopped out the market ran for near two dollars, but the important thing to remember is that for the one time it runs for those two dollars, there are quite a few more times where it will just keep grinding against you, don't change your risk tolerance because of this incident. Don't tell yourself " I knew it all along" that's called hindsight bias, and people are very susceptible to it with events like these.

Tread lightly, because loss aversion and hindsight bias could arguably be the two most detrimental things to a trader.



.
The following 2 users say Thank You to addchild for this post:

Closed Thread


futures io Trading Community Trading Journals > TST Combine Journal




Upcoming Webinars and Events
 

Understanding Order Flow Stops Runs & Icebergs w/Bookmap

May 28
     



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