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:184,278 / 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

  #381 (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

Trading in the Zone

Thanks to Aslan, I now have the following on my Trading Bulletin:

5 Fundamental Truths

1. Anything can happen
2. You don't need to know what is going to happen next in order to make money
3. There is a random distribution between wins and losses for any given set of variables that define an edge
4. An edge is nothing more than an indication of a higher probability of one thing happening over another
5. Every moment in the market is unique

To be a consistent winner, I must integrate these 7 principles/beliefs of consistency into my mental system at a functional level:

1. I objectively identify my edges
2. I predefine the risk of every trade
3. I completely accept risk or I am willing to let go of the trade
4. I act on my edges without reservation or hesitation
5. I pay myself as the market makes money available to me
6. I continually monitor my susceptibility for making errors
7. I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them

All these "I" remind me of owning the trades and be the only one responsible for the outcome!

Beth


Last edited by wgreenie; May 17th, 2010 at 06:38 PM. Reason: Fixed typo .. sorry
The following 4 users say Thank You to wgreenie for this post:
 
  #382 (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: 29,353 given, 83,234 received

I would suggest creating a new thread to discuss X Trader and Bracket Trader.

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.

 
  #383 (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: 29,353 given, 83,234 received



wgreenie View Post
Thanks to Aslan, I now have the following on my Trading Bulletin:

5 Fundamental Truths

1. Anything can happen
2. You don't need to know what is going to happen next in order to make money
3. There is a random distribution between wins and losses for any given set of variables that define an edge
4. An edge is nothing more than an indication of a higher probability of one thing happening over another
5. Every moment in the market is unique

To be a consistent winner, I must integrate these 7 principles/beliefs of consistency into my mental system at a functional level:

1. I objectively identify my edges
2. I predefine the risk of every trade
3. I completely accept risk or I am willing to let go of the trade
4. I act on my edges without reservation or hesitation
5. I pay myself as the market makes money available to me
6. I continually monitor my susceptibility for making errors
7. I understand the absolute necessity of these princples of consistent success and, therefore, I never violate them

All these "I" remind me of owning the trades and be the only one responsible for the outcome!

Beth

Good list, worth repeating

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.

 
  #384 (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


Big Mike View Post
I would suggest creating a new thread to discuss X Trader and Bracket Trader.

Mike

Thanks Mike for your suggestion. I am fine with BT now. Will create a new thread IF I need to explore its advanced features at a later date.

Beth

 
  #385 (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

Pre-market Homework for Tue

Back to focussing on Fade the Extremes set-up when price gets close to the following areas:

VPOCs: Bottom 1123.75 Top 1153.00 (currently trades around 1143 area = gap up of 8 points or so and it's outside yesterday's Value Area 1121.25-1135.25)

Good Luck to You and Me!

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-premarket-homework-18-may-tue.jpg  
 
  #386 (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

Trading Morning on 18 May

Goals Accomplished:

1. Took one A- trade. It's high chance that it's not a 1-2-3 reversal trade that I thought I was taking.

2. Price Action an A LOL! Upon completion of the A- trade, my eyes were solely on the price bars for 30+ minutes. Given time, I am very confident that I will develop a very good relationship with the bars.

Emotion - Quite calm. I worried a little about my mislabelling and was prepared to close the trade early with more warnings. The 4-Range set-up helped me staying in the trade.

Note on the enclosed Trade Log:

I adjusted an 8-tick PT (the usual PT for the second contract) to 4 and that's why Target2 was hit before Target1.

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-trade-log-18-may-2010.jpg   Beth's Journey to Make Her Millions-es-06-10-5_18_2010-4-range-.jpg   Beth's Journey to Make Her Millions-es-06-10-5_18_2010-30-min-.jpg  
The following user says Thank You to wgreenie for this post:
 
  #387 (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

Market Profile

Today's Initial Balance: 1140.25 - 1147.50 (7.25 points)
Today's Value Area as at 10:51 am: 1146 - 1144 - 1141 (5 points)
ES opened at 1144.00

At the time of writing, price is trading around 1135.00 area and has moved back to previous day's Value Area (1121.25-1135.25). Not sure if it wants to touch the bottom VPOC @1123.75.

Will it repeat what has been happening, ie rotating up or down to extend the daily range to a 2-digit one? Let's always trade with the TREND!

Happy & Successful Trading.

Beth

 
  #388 (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: 29,353 given, 83,234 received

Beth,

Here are some basic PA markers for your chart, as I saw them.

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


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.

The following user says Thank You to Big Mike for this post:
 
  #389 (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

Pre-market Homework for Wed

Price has dropped more than 8 points (from today's Close @1118.25). If it continues trading below 1110.75 (current Bottom VPOC) when the market opens tomorrow, I will not have a Bottom VPOC for reference. Instead, 1110.75 may become the Top VPOC.

I will consider the following and see if it may find support there:

6 May: Low 1056
7 May: Low 1090.75 Close 1107.50

Have a Nice evening.

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-premarket-homework-19-may-wed.jpg  

Last edited by wgreenie; May 19th, 2010 at 06:48 PM. Reason: Forgot to change the date .. sorry
 
  #390 (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

Trading Morning on Wed 19 May


Goals Accomplished:

1. Finally an A+ trade this morning. I believe I followed my plan 1,000,000,...% haha .. I was looking for a Short opportunity because of the overnight fall (down to 1104.75 - wow) + its open was substantially below yesterday's Close. I was patiently waiting for its climb to yesterday's VAL 1121.00 and more. Noticed rejection and grasped a Short trade.

2. Price Action a B. I paid attention to the formation of the price bars esp if they have a buying or selling tail and how each related to the former and latter ones. Noticed there're simple Up and Down patterns (= great great signals) and more balanced or undecided ones. It will require more practice and watching. I will continue sharpening my "visual" skill.

Note: B is Great because it will remind me to work harder!! In reality, one needs lots of practice to develop the PA talent.

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-trade-log-19-may-2010.jpg   Beth's Journey to Make Her Millions-es-06-10-5_19_2010-4-range-.jpg   Beth's Journey to Make Her Millions-es-06-10-5_19_2010-30-min-.jpg  

Last edited by wgreenie; May 19th, 2010 at 11:38 AM. Reason: Explained why B is good for PA.
The following user says 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 05:32 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 2017-12-16 in 0.14 seconds with 20 queries on phoenix via your IP 54.160.245.121