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



Beth's Journey to Make Her Millions


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one wgreenie with 1,146 posts (808 thanks)
    2. looks_two Big Mike with 108 posts (161 thanks)
    3. looks_3 cory with 52 posts (53 thanks)
    4. looks_4 monpere with 40 posts (86 thanks)
      Best Posters
    1. looks_one monpere with 2.2 thanks per post
    2. looks_two Big Mike with 1.5 thanks per post
    3. looks_3 cory with 1 thanks per post
    4. looks_4 wgreenie with 0.7 thanks per post
    1. trending_up 292,061 views
    2. thumb_up 1,621 thanks given
    3. group 83 followers
    1. forum 1,776 posts
    2. attach_file 876 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 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
 
Search this Thread
 

Beth's Journey to Make Her Millions

(login for full post details)
  #31 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,203 received

I'm quite happy with today's trades even it's little "pink".

Goals accomplished:

1. Preserve precious capital. Got out of a trade when it's no longer working (with warning signals) and wait for another opportunity.

2. Stay with the Trend and no counter-trend trades.

Note: I have some strategies running (testing) and will have cut-and-paste logs for my YM trades.

Happy & Successful Trading!

Beth

Attached Thumbnails
Click image for larger version

Name:	YM 03-10  2_16_2010 (MedianRenko 6 Ticks) for Trending.jpg
Views:	317
Size:	193.5 KB
ID:	8168   Click image for larger version

Name:	YM 03-10  2_16_2010 (MedianRenko 6 Ticks).jpg
Views:	305
Size:	227.2 KB
ID:	8169   Click image for larger version

Name:	Account Performance n Trade Log Feb 16 2010.JPG
Views:	294
Size:	94.8 KB
ID:	8170  
Visit my futures io Trade Journal Started this thread

Can you help answer these questions
from other members on futures io?
How do I create Strategy with the Second Entry indicator
NinjaTrader
Big Mo Indicator for NT8
NinjaTrader
NT8 Order Management Strategy
The Elite Circle
Market on Close data within IB
Platforms and Indicators
Multi Time Frame High/Low/Median levels
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Is anyone actually making money?
123 thanks
ApexTraderFunding.com experience and review
11 thanks
Want your NinjaTrader indicator created, free?
7 thanks
Artificial Intelligence (AI) and Chat GPT
7 thanks
Dax market profile (FDAX, TPO)
7 thanks
 
(login for full post details)
  #32 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,203 received

I SOH most of the morning and was patiently waiting for a high probability trade.

Goals Accomplished (proud to share):

1. Preserve Precious Capital - I practised not jumping into trades that did not align with the overall trend. When a trade did not work (with warnings), I got out breakeven.

2. Patience Patience Patience - The market was extremely slow and choppy this morning. Glad that I chose not to trade when there're no good signals!

Estimate that it's typical on a FOMC day!

Happy & Successful Trading!

Beth

Attached Thumbnails
Click image for larger version

Name:	YM 03-10  2_17_2010 (MedianRenko 6 Ticks) for Trending.jpg
Views:	248
Size:	178.2 KB
ID:	8236   Click image for larger version

Name:	YM 03-10  2_17_2010 (MedianRenko 6 Ticks).jpg
Views:	249
Size:	241.1 KB
ID:	8237   Click image for larger version

Name:	Account Performance n Trade Log Feb 17 2010.JPG
Views:	278
Size:	108.3 KB
ID:	8238  
Visit my futures io Trade Journal Started this thread
 
(login for full post details)
  #33 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,203 received


I compared The Wizard's new set-up with mine last night. Decided to replace the Trending chart with the new release. This morning I was learning to familiarize with the new charts (4- and 6-tick) incl minor modification. For example, toying with having the vertical lines (found them too busy on the 4-tick chart) and adding the DonMa dots to the 6-tick one (for placing MM order after entering a trade).

I still like the scalping set-up as I will be able to get in early and out with an intial 6-tick target. I now recalled why I was 99% profitable for the Jan sim-trade mornings, ie I followed the scalping set-up more and did get in-and-out swiftly. Paying attention to the overall trend does help me staying with overall trend. However, I missed out most first-time entry points and ended up too late to scalp.

I'm thinking if I should add the indicators (esp the ones on Panel 2 on the Scalp set-up + the hashes on Panel 1) to the new chart so that I have less charts. Or simply have both set-ups and stay with primarily the scalp signals for entry while using the Trending set-up to keep the 2nd contract run (which I did and was quite successful).

More re-grouping necessary today and will resume sim-trading tomorrow.

Happy & Successful Trading!

Beth

Attached Thumbnails
Click image for larger version

Name:	New Setup Feb 18 2010.JPG
Views:	360
Size:	186.0 KB
ID:	8324  
Visit my futures io Trade Journal Started this thread
 
(login for full post details)
  #34 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,203 received

Trade Recap:

2 trades both aligned with the signals and systems I'm using. You will see that I waited until the signals on the scalp system were more aligned with the Trending set-up. I've marked the trades' entry/exit on both charts so you will understand why I did not get in sooner on the scalp system.

For the 2nd long trade, it was a 20-minute one. The market was very undecided and I did think of getting out at a 10-tick loss (more than once). However, the Trending system has kept me in + the signals on the 4-tick charts were moving to my favor.

This week (3 mornings) is a Green one with $25 nett after commission .. haha!

Goals Accomplished today and this week:

1. Preserve Precious Capital - Followed the signals that aligned with the Trend! Did 1-contract trades today because lots of choppiness.

2. Only Trade when there's a valid/high probability trade. No over-trade. I'm happy with 1-3 PROFITABLE trades per day LOL!

I also enclosed the 4 charts I'm using today. You will see the new set-up for the Trending system (incorporating the new/revised indicators of The Wizard). I sim-traded mostly 4-tick charts in January and really liked them. I switched to 6-tick charts in end Jan/early Feb when I found the 4-tick ones "seemed" a little too fast. After using the 6-tick ones for some weeks now, I realize my 4-tick preference.

Should I go with my preference? I believe it's important to feel comfortable with the systems I'm using. I like the systems and it's matter of tick interval! For 4-tick, I certainly need to focus more and act faster!

That's what I'm going to do next week. Move the 6-tick ones to the further left (as reference) and focus on the 4-tick ones as my main trading systems! I also would like to do 1 real trade per morning (only when there's a really great signal) while sim-trading until 11:00/11:30 am.

Thanks for visiting this thread and appreciate very much your support/comments.

Happy & Successful Trading Always! (+ a Wonderful weekend)

Beth

Attached Thumbnails
Click image for larger version

Name:	Systems at a Glance.JPG
Views:	293
Size:	214.9 KB
ID:	8397   Click image for larger version

Name:	Performance Summary n Trade Log Feb 19 2010.JPG
Views:	304
Size:	104.8 KB
ID:	8398   Click image for larger version

Name:	YM 03-10  2_19_2010 (MedianRenko 6 Ticks) for Trending.jpg
Views:	281
Size:	158.1 KB
ID:	8399   Click image for larger version

Name:	YM 03-10  2_19_2010 (MedianRenko 6 Ticks).jpg
Views:	256
Size:	215.5 KB
ID:	8400  
Visit my futures io Trade Journal Started this thread
 
(login for full post details)
  #35 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,203 received

Goals Accomplished:

1. Preserve Precious Capital: Did mostly 1-contract trades as the market was very choppy/undecided this morning. I got warnings for most of the trades (as soon as I got in). Some MM got hit. For Trade #10, I did have 1-2 chances to get out B/E. Considering it's a 6-tick MM, I chose to stay in and let the trade work on its course.

2. # of Trades: 10 incl 2 2-contract trades. I over-traded even the cum L has not exceeded my daily $100. I will do my best to do mostly higher probability trades and SOH while waiting - on my to-be improved list!

3. I missed paying attention to Support/Resistance. More than twice I got trapped there.

It's green before commission and I will continue working on the "to-be improved" areas.

Happy & Successful Trading Always.

Beth

Attached Thumbnails
Click image for larger version

Name:	YM 03-10  2_22_2010 (MedianRenko 4 Ticks) for Trending.jpg
Views:	242
Size:	160.5 KB
ID:	8528   Click image for larger version

Name:	YM 03-10  2_22_2010 (MedianRenko 4 Ticks).jpg
Views:	237
Size:	208.0 KB
ID:	8529   Click image for larger version

Name:	Performance Summary Feb 22 2010.JPG
Views:	256
Size:	72.4 KB
ID:	8530   Click image for larger version

Name:	Trade Log Feb 22 2010.JPG
Views:	192
Size:	117.9 KB
ID:	8531  
Visit my futures io Trade Journal Started this thread
 
(login for full post details)
  #36 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,203 received

I followed the trading rules and stopped trading when the cum loss hit $100. Some of the trades had a very low risk (6 points for MM) and it's unfortunate that they got hit then reversed a little back. For one of them, I did think of moving the MM to below the Extreme O/S level so that it might not get hit. On a second thought, it's very important to be a disciplined trader following the trading rules. No one knows if moving it further will work or may simply get hit as well. I decided to follow the rule.

Goals Accomplished:

1. Discipline Discipline Discipline - following the trading rules.

2. Accept the fact/reality that there will be losing days and learn to manage them.

Happy & Successful Trading!

Beth

Attached Thumbnails
Click image for larger version

Name:	Performance Summary Feb 23 2010.JPG
Views:	227
Size:	73.3 KB
ID:	8596   Click image for larger version

Name:	Trade Log Feb 23 2010.JPG
Views:	205
Size:	55.4 KB
ID:	8597   Click image for larger version

Name:	YM 03-10  2_23_2010 (MedianRenko 4 Ticks) for Trending.jpg
Views:	236
Size:	172.8 KB
ID:	8598   Click image for larger version

Name:	YM 03-10  2_23_2010 (MedianRenko 4 Ticks).jpg
Views:	200
Size:	217.5 KB
ID:	8599  
Visit my futures io Trade Journal Started this thread
The following 3 users say Thank You to wgreenie for this post:
 
(login for full post details)
  #37 (permalink)
 Dragon 
Bellingham, WA
 
Experience: Intermediate
Platform: Ninja
Broker: Zen-Fire
Trading: 6E, CL
 
Dragon's Avatar
 
Posts: 494 since Aug 2009
Thanks: 747 given, 259 received

Hi Beth,
Do you mind showing your pnl from the day you started journaling here until now? I find the method interesting even though some days have been hit and miss. In addition, do you find yourself studying price action more with wizards setups or not? I found that in the last few days when I had some indicators up I did worse because I kept watching the divergences occurring all over the place. However, a handful of people here swear by the wizard's templates and are trading well with it. I would love to trade indicator signals all day long so I wouldn't have to think, heck doing it automated would be the bomb. It just hasn't worked for me yet. Thanks in advance.

Visit my futures io Trade Journal
 
(login for full post details)
  #38 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,203 received

Hi Dragon

I started logging my sim result since Feb 8 after creating the thread the night before. Here it comes a quick recap on the trade results:

1st week Feb 8-12: -20

Feb 8 (245), Feb 9 (-135), Feb 10 (80), Feb 11 (140), Feb 12 (-350)

2nd week Feb 16-19: 25

Feb 16 (-55), Feb 17 (B/E), Feb 18 (Did not trade as I was working on revised set-ups), Feb 19 (80)

3rd week Feb 22-23 so far: -150

Feb 22 (-10), Feb 23 (-140)

You will see the performance summaries and trade logs on the daily posts. The Wizard's systems are Great. If one follows the rules diligently + catching the signals in a timely manner, he/she will be mostly profitable!

I sim-traded 2 slightly different set-ups (4-tick charts) in Jan and all trading mornings were green. I made $1,110 for the last week (Jan 25-29). I went live on Feb 1. The first 3 mornings were fine. I went crazy on Thu and Fri, ie not following trend, signals and trading rules. It's still a mystery to me. I've decided to resume sim-trading, work more on my psyche and develop a more disciplined/focussed trading attitude.

I like the scalping set-up because it provides more entry opportunities if I miss the first signal. I agree with you that more indicators do not help. First, they will keep us too occupied. Second, they conflict occasionally and we may end up missing some high probability trades. I am still learning.

Happy & Successful Trading!

Beth

Visit my futures io Trade Journal Started this thread
 
(login for full post details)
  #39 (permalink)
 Dragon 
Bellingham, WA
 
Experience: Intermediate
Platform: Ninja
Broker: Zen-Fire
Trading: 6E, CL
 
Dragon's Avatar
 
Posts: 494 since Aug 2009
Thanks: 747 given, 259 received

Thanks Beth.

That first Friday in week 1 looked a lot like a Friday I had a couple weeks ago. I wonder if it was the same day. Anyway, I hope I didn't come across as too critical. I say that if you are using indicators and can be profitable, that is absolutely awesome.

You mentioned in previous posts that you wanted to work on exiting trades that moved quickly against your position. Then Eric replied that he would rather take a full stop or a near full stop in because his experience had been that price tended to move in the direction of his entries.

I am pretty conflicted on this. If you have a risk/reward ration of 1:1 then I could see how you wouldn't blow up over time. On the other hand, it's pretty hard to let price move and breathe with a 1:1 ratio. How are you doing on this?

Visit my futures io Trade Journal
 
(login for full post details)
  #40 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,203 received


I am experimenting the ZigZag indicator this morning (added an audio alert to it). I hope it will help me get out of a trade earlier instead of waiting for the MM to get hit + alerting me to get ready for a trade.

Why I added an audio alert? I notice from the Market Replay that the golden dot was added at least 2 or sometimes 3 bars later from the "dot" bar. Still testing its effectiveness to help my trade management.

You will notice from my trade log that for 1-2 trades I entered a little early before the official signal (most of them had a "black hash" add-on after entry - which is not new to me anymore in this undecided market). Why? It's because I'm getting more familiar with the scalping set-up. For example,

- a red bar with a blue dot on Panel 1 (if the Sharfin indicator has a red horizontal line + red dot line is above 1), very likely the blue dot will turn to red 1-2 bars later when a short trade is on

- Same stays true for a blue bar with a red dot (most of the time anyway)

Since I cannot fix the dot/bar color change issue, I am now working on reading the pre-official signal (+ other indicators to confirm) so that I can catch a trade in a more timely manner and not 1-2 bars later when I feel like chasing.

Today is a Great day even it's -$15 before commission. Oh, I am extremely proud of myself on how I managed Trade #7. It's a runner in my mind as I chose to let it run a little and not cashing a quick 6-7 ticks (did have the Resistance level in mind). For Trades #9-10, I was fooled twice in a row ...

Goals Accomplished:

1. Always bear PPC in mind - I think it's ingrained in me now "finally" .. smile ..

2. Trade Management - Feel in more control and there're more to accomplish/improve of course (Note to Dragon: Hope the above address your question, ie I am learning not to have the MM get hit esp with 1 or more warnings. I side with the camp that there are always high probability trades waiting for us. Getting in-and-out is Fine!)

Happy & Successful Trading!

Beth

Attached Thumbnails
Click image for larger version

Name:	Performance Summary Feb 24 2010.JPG
Views:	238
Size:	74.7 KB
ID:	8676   Click image for larger version

Name:	Trade Log Feb 24 2010.JPG
Views:	200
Size:	76.6 KB
ID:	8677   Click image for larger version

Name:	YM 03-10  2_24_2010 (MedianRenko 4 Ticks) for Trending.jpg
Views:	246
Size:	157.2 KB
ID:	8678   Click image for larger version

Name:	YM 03-10  2_24_2010 (MedianRenko 4 Ticks).jpg
Views:	224
Size:	211.5 KB
ID:	8679  
Visit my futures io Trade Journal Started this thread
The following 2 users say Thank You to wgreenie for this post:

Closed Thread

futures io Trading Community Trading Journals > Beth's Journey to Make Her Millions


Last Updated on May 21, 2011


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2023 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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