Beth's Journey to Make Her Millions - Trading Journals | futures io social day trading
futures io futures trading


Beth's Journey to Make Her Millions
Updated: Views / Replies:184,433 / 1,776
Created: by wgreenie Attachments:877

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
 877  
 
Thread Tools Search this Thread
 

Beth's Journey to Make Her Millions

  #1641 (permalink)
Market Wizard
whitestone, new york
 
Futures Experience: Intermediate
Platform: ninja trader
 
bobarian's Avatar
 
Posts: 1,537 since Oct 2010
Thanks: 3,389 given, 2,070 received
Forum Reputation: Legendary


wgreenie View Post
After dusting my head/heart, guess what I just did?

2011-04-04_1938 - Bethwgreenie's library

Remember I mentioned months ago about a program assessing one's trading competence in a 4-week program? If one proves to be profitable and meets the program objectives ($8K/month on a sim platform and maximum 5 contracts/trade), he/she will be assigned with a funded account to trade live. I just signed up for it with $120 deposit on stake now.

My Goal: It's time to assess my competence. If I do not make minimum $4K at the end (benchmark to qualify for a deposit fund), it's telling me that I must work/study harder. Let's keep our fingers crossed and see what may happen. Oh, will start the program next Mon.

Trading Schedule:

Instruments: 6E (primary) and CL (backup)
Trading Hours: 8:00 am to 12:00 noon EST
Trade Size: multiple-contract trades (maximum 5 contracts/trade)
PTs: 6 - 8 - 12 + a runner
SL: 4-6
Weekly Goal: $1K to $2K

I'm not sure if it's appropriate to include the link here. Please private message me if you want the link for your further investigation.

Continue enjoying your week + a Relaxing weekend.

Beth

hi beth ,as always, i enjoy reading your journal.i am currently simulating also, i think my method is good for time being, now ,i am just testing.i trade the CL from 8:30 am to 11 am eastern.my journal is called bobs quest for consistency..anyway, i ,like many others, have gonr thru many changes in the last few months, and i am very familiar with the grind.in a trading room i was previously in for a year(tradng Equities), the moderator , would speak often, about the things we all need to do, to attain the confidence, that is needed to make a living at this.one of the things he told me, was to dial in my entries with low shares, so i could focus more on the dynamics in real time , and not on the $.well, that pretty much saved me, as i never got out of low shares..but my account didnt take a hit.he told me i had to earn the right to trade larger shares, which was fine.my question to you, is, do you intend to trade up to 5 contracts if your simulating is successful?1 bad day can be pretty unnerving at that level.just so you know where i am coming from, i am simming with 1 contract.the way i figure it, for my method, if i cant consistently take 6 ticks{not much to ask for), than i know i still have work to do.i look at the results for the week, not so much day by day.
i always feel a little awkward , piping in with my 2 cents, in the forum..like im being nosy.if people reply to my journal, i always keep in mind, that we are all on our own path, so i respect others opinions.anyway, i wish you well, and keep up the hard work!

The following 2 users say Thank You to bobarian for this post:
 
  #1642 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received


bobarian View Post
hi beth ,as always, i enjoy reading your journal.i am currently simulating also, i think my method is good for time being, now ,i am just testing.i trade the CL from 8:30 am to 11 am eastern.my journal is called bobs quest for consistency..anyway, i ,like many others, have gonr thru many changes in the last few months, and i am very familiar with the grind.in a trading room i was previously in for a year(tradng Equities), the moderator , would speak often, about the things we all need to do, to attain the confidence, that is needed to make a living at this.one of the things he told me, was to dial in my entries with low shares, so i could focus more on the dynamics in real time , and not on the $.well, that pretty much saved me, as i never got out of low shares..but my account didnt take a hit.he told me i had to earn the right to trade larger shares, which was fine.my question to you, is, do you intend to trade up to 5 contracts if your simulating is successful?1 bad day can be pretty unnerving at that level.just so you know where i am coming from, i am simming with 1 contract.the way i figure it, for my method, if i cant consistently take 6 ticks{not much to ask for), than i know i still have work to do.i look at the results for the week, not so much day by day.
i always feel a little awkward , piping in with my 2 cents, in the forum..like im being nosy.if people reply to my journal, i always keep in mind, that we are all on our own path, so i respect others opinions.anyway, i wish you well, and keep up the hard work!

Hi Bob

Congratulations on creating a thread sharing your journey with us!

I did primarily 1-contract trades on both sim and live for over a year. Very often got stopped out at breakeven and no chance to have a 2-digit pip runner. Doing multiple-contract trades is the way to go IF one wants to have a runner for the 2nd/last contract. Certainly, one may load up the number of contracts and stay with the 1 profit target. It will be fine too as I have a few trading friends who are doing 10- to 30-contract trades aiming for 3-4 pips/trade.

I cannot visualize myself doing big lots like them .. possibly stay with 3-5 maximum. With a realistic trade management strategy (incl a 1.5:1 or more reward/risk ratio and small stoploss), I consider the forthcoming 4-week program is a good opportunity to do multiple-lot trades. For the first week, I will not be loading 5 contracts and rather 2-3 with the last contract runs a little.

Meeting a weekly goal of $1-2K is more attainable with multiple-contract trades else I may over-trade especially when the market is not offering many sound signals that meet the book. I personally like 3 trades maximum/day. Let's see how the first week goes .. smile ..

Have a Relaxing weekend everyone!

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
 
  #1643 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,220 since Jun 2009
Thanks: 628 given, 6,318 received
Forum Reputation: Legendary


you mean Patak Trading? beware that their trading platform is pretty funky fwiw.

 
  #1644 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received


cory View Post
you mean Patak Trading? beware that their trading platform is pretty funky fwiw.

Thanks Cory for your tip. I went through their software videos and set up the enclosed MT4 DOM for order execution. Will stay with Ninja for charts.

Note: 15 minutes delay data for the training platform. To familiarize myself with the DOM, I made over $30K within hours based on historical data .. haha ..

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Beth's Journey to Make Her Millions-mt4-dom.jpg  
 
  #1645 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,276 received

Does this firm train you to trade their proprietary trading method, or will you be using your current method?

 
  #1646 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received


cory View Post
you mean Patak Trading?

One Klingon term used as an insult on numerous occasions was petaQ (also spelled "Pahtak", "Pathak", "p'tahk", "p'takh", "patahk", "pahtk", or "p'tak").

Klingonese - Memory Alpha, the Star Trek Wiki

Yes, I'm a trekkie. lol.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

 
  #1647 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,220 since Jun 2009
Thanks: 628 given, 6,318 received
Forum Reputation: Legendary

yes its sink or swim method.

 
  #1648 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received


monpere View Post
Does this firm train you to trade their proprietary trading method, or will you be using your current method?

Hi Monpere

As of this moment, the firm does not provide you with a system/set-up. Not sure about their future plan as they have a Training tab under construction. It does have a free chat room with moderator/coaches around during RTH. The program participant will be assigned with an evaluator to assess his/her consistency/attitude etc.

I have not been in the chat room (even its access comes with training) .. no idea if one may benefit. Actually when I did my diligence investigation, I came across posts on both sides.

In short, I am only using the MT4 DOM for trade execution and stay with Ninja charts to spot high probability signals.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
 
  #1649 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,276 received


wgreenie View Post
Hi Monpere

As of this moment, the firm does not provide you with a system/set-up. Not sure about their future plan as they have a Training tab under construction. It does have a free chat room with moderator/coaches around during RTH. The program participant will be assigned with an evaluator to assess his/her consistency/attitude etc.

I have not been in the chat room (even its access comes with training) .. no idea if one may benefit. Actually when I did my diligence investigation, I came across posts on both sides.

In short, I am only using the MT4 DOM for trade execution and stay with Ninja charts to spot high probability signals.

Beth

Are you trying this program because you want to try the MT4 DOM, or you want the learning experience of trading with a varied crop of traders, or the potential opportunity to trade a well capitalized account with someone else's funding? In the latter case, if you are successful with your current method, then it's a great move, but if you do not have a currently profitable method, and they are not training you, then I think you would just be switching simulators, and mostly likely will get the same results, and paying $120 for the experience. Of course, I don't know all the details of this program, so I may be way off base.

 
  #1650 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received



monpere View Post
Are you trying this program because you want to try the MT4 DOM, or you want the learning experience of trading with a varied crop of traders, or the potential opportunity to trade a well capitalized account with someone else's funding? In the latter case, if you are successful with your current method, then it's a great move, but if you do not have a currently profitable method, and they are not training you, then I think you would just be switching simulators, and mostly likely will get the same results, and paying $120 for the experience. Of course, I don't know all the details of this program, so I may be way off base.

Hi Monpere

Let me address your raised issues as follows:

1. I am not interested in trying the MT4 DOM.

2. As of this moment, I have no intention to sign in the live chatroom when I am trading. Will not be trading with a crowd and/or moderators/coaches there.

3. I do hope that I will complete the program with some green pips totalling $4-$8K. With $4K, I will get a refund on the deposit. If over $8K, I will be trading someone else's $ = no risk on my pool: Great!!

I consider it an assessment on my trading competence (incl set-up, emotion and trade management). With some $ at stake + incentive of a funded account + gaining experience on doing multiple-contract trades etc all add up. Even it's on sim, it will be more real than on NT sim which I did for months with an average 70-75% win performance.

Time to sign off. Enjoy a Sunny weekend. Here temperature will be 2-digit degr C with rain ooooo. Well, at least it's above 0 haha ..

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
The following 2 users say Thank You to wgreenie for this post:

Closed Thread



futures io > > > Beth's Journey to Make Her Millions

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
AR01 Our Journey AR01 Elite Trading Journals 226 January 31st, 2012 02:52 AM
When milliseconds make millions Big Mike News and Current Events 2 July 31st, 2011 07:28 AM
US Taxpayers Paying Millions For Fannie, Freddie Lawsuits Quick Summary News and Current Events 0 January 24th, 2011 12:20 PM
Verizon to Refund Millions of Customers for False Charges Quick Summary News and Current Events 0 October 3rd, 2010 07:50 PM
Welcome to My Journey! trader1512 Trading Journals 5 April 14th, 2010 09:56 AM


All times are GMT -4. The time now is 11:44 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 2017-12-17 in 0.19 seconds with 20 queries on phoenix via your IP 54.90.92.204