A TopStepTrader's Humble-Pie-Way: A TST Combine Journal of iqgod's "Take 2" - Trading Journals | futures io social day trading
futures io futures trading


A TopStepTrader's Humble-Pie-Way: A TST Combine Journal of iqgod's "Take 2"
Updated: Views / Replies:10,627 / 130
Created: by iqgod Attachments:68

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

Reply
 68  
 
Thread Tools Search this Thread
 

A TopStepTrader's Humble-Pie-Way: A TST Combine Journal of iqgod's "Take 2"

  #21 (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

Day 1: Official Daily Trade Report from TopStepTrader

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

Reply With Quote
The following 3 users say Thank You to iqgod for this post:
 
  #22 (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

Day 2: Preparations

Market State:

CL appears to be in an uptrend - I anticipate an upmove to complete a two-legged bull trend extreme test after which a major reversal may be expected.

Even right now pirce has broken to the upside from the trading range and shows the eagerness to break above the doble top printed earlier.

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


Note: I cannot start taking a long position till an hour later i.e. only after 5 PM CT.


My State:



E G O.


I detect the undercurrents of ego already.

B E W A R E.

Ego needs a tight leash - DO NOT take overconfident entries IQ!

Rule for today:

The MARKET is the 800-pound gorilla not IQGOD. Avoiding a wrestling match is a no-brainer.

Reply With Quote
 
  #23 (permalink)
Elite Member
mumbai maharashtra/india
 
Futures Experience: Beginner
Platform: Ninja
Favorite Futures: Crue/Tf
 
jinhar's Avatar
 
Posts: 289 since Jun 2009
Thanks: 23 given, 762 received



iqgod View Post

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
Broke a rule - switched to CL instead of focuing on 6E.

I thought your rule was to focus on 6e ? or i am missing something ? Btw best of luck on your combine.

-Jinhar

Reply With Quote
The following user says Thank You to jinhar for this post:
 
  #24 (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

Life's Fleeting Moments


jinhar View Post
I thought your rule was to focus on 6e ? or i am missing something ? Btw best of luck on your combine.

-Jinhar

Like much of the things in life, due to single a moment's immutable effect I'm now into CL for the long haul for this combine.

Other similar examples:

- You have a fling with a cute member of the opposite tribe and are convinced that (s)he is the Perfect One. The decision is of course taken at the mature age of sixteen and then you live till the ripe age of ninety wondering in Robert Frost fashion about all the other 'roads not taken'

- etc.... you get the drift.


One thing is - should I follow the volatility and change instruments midway? That would be too much risk, since combine parameters are applicable per instrument.

Reply With Quote
 
  #25 (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


iqgod View Post
One thing is - should I follow the volatility and change instruments midway? That would be too much risk, since combine parameters are applicable per instrument.

I agree, too many instruments could present challenges in meeting all the requirements for all instruments. But since you have already met the parameters for CL and wish to change, then you could do so at this point without any issue.

Reply With Quote
The following user says Thank You to josh for this post:
 
  #26 (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

Day 2: Platform Trade Reports

Today was a good day, according to me.

I was unable to read the tape for CL (leading to breakeven after breakeven trades), but the price action on the Euro FX became clear suddenly (light bulb moment) hence switched to 6E which improved my performance because I was in the flow there.


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).


The blow-by-blow account of each trade follows shortly.

Reply With Quote
The following 3 users say Thank You to iqgod for this post:
 
  #27 (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

Day 2: Official Daily Trade Report from TopStepTrader

The Euro FX Part:

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

Reply With Quote
The following user says Thank You to iqgod for this post:
 
  #28 (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

Day 2: Official Daily Trade Report from TopStepTrader (CL Part)

This is the CL tab of the report:

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

Reply With Quote
The following user says Thank You to iqgod for this post:
 
  #29 (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

I will not be trading today, till....

A Letter To Myself


I will not be trading today.

Why?

I have not journaled Day 2 Blow-By-Blow yet. That is a big warning sign of an impending lapse in discipline.

The other sign is I have not completed ANY market preparations yet. Big Big Ego looming large on the horizon.


I will complete the journaling process to allow my intuition to regain its footing. Perhaps this early success has gone to my head. But I promise here that I will not go back to the markets until I finish the journaling process that puts me back in touch with my intuitive function.

If and when I reexamine my head and find it held high without fear (not held high with false self-bloat and false ego) ONLY THEN will I open up my trading platform and start. Needless to say, I will first complete the necessary homework on the market state and only then place another trade, if any manifests itself.

Also, in this period I will not doze but I will continue to work as hard as I did to prepare for this combine.

Humbly yours,
iqgod

Reply With Quote
The following 2 users say Thank You to iqgod for this post:
 
  #30 (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

Day 2: Blow By Blow Account


I hold myself accountable for trading CL with 'scared money' today.

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



These are the total five trades on CL today - three were near-scratch winners and two trades I took were actually closed at the same price as they were opened.

Trade 1 was a correctly taken (almost, but could have waited more) short.

It became obvious that once 9688 double bottom pullback level broke then the marker would form a new low before resuming its uptrend.

However I was nervous. Mainly because I had not practiced this type of trade pre-combine.

Hence I entered "anticipating" 9688 would be broken (may not be a good thing to always do), the stop was 10 ticks away and the target was 20 ticks instead of the 50 ticks planned (this was a scalp). However I could not read the tape at that moment and hence resigned myself to a breakeven + 1 stop. This was hit moments later.

You could say I chickened out, and that would not be far from the truth.


Trade 2 was a short that should have been taken earlier i.e. at 9690 but I hesitated and got filled at 9684 (confident market read, bad entry). The market then reversed quickly, almost touched my 10 tick stop at 9694 but reversed at 9692, probably after having taken out breakeven stops of the nimble folks who had entered at 9690). The market then reversed but since it was not behaving the way I had expected it to I exited at the same price on the third. This as per me was a good exit because my if..then...else logic's else clause says I must exit if the market comes back to my entry price after NOT DOING what I had expected it to do.

Trade 3 was after I came back to the screen having missed the sharp downmove. I expected a second sharp leg down but then I was flustered by not being able to read the market correctly earlier and hence I exited at a $10 gross profit ($5 after commissions). Otherwise my target of 9674 had been correct (to form a double bottom with the earlier wing low) had I waited with calm.

Trade 4 was a similar trade - this time however I was right in exiting quickly because this was a potentially dangerous trade because after Trade 3 the market had gone up and then this downmove was possibly climactic and taking on the last part of a gasping trend isn't high odds trading. So I was right about this but then I should not have taken this trade at all and should have instead waited for a reversal setup.

Coming up next: Trade 5 (another chart)

Reply With Quote
The following 2 users say Thank You to iqgod for this post:

Reply



futures io > > > A TopStepTrader's Humble-Pie-Way: A TST Combine Journal of iqgod's "Take 2"

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
omni72's 20-Day Combine with TopstepTrader (TST) omni72 Elite Trading Journals 109 December 11th, 2014 01:14 AM
TST Combine Journal indextrader7 Trading Journals 556 August 28th, 2014 01:16 AM
Kevin's TST Combine Journal kevinkdog Trading Journals 460 April 26th, 2014 11:23 AM
Josh's TST Combine Journal josh Elite Trading Journals 106 April 9th, 2013 10:36 PM
iqgod's TopStepTrader (TST) Combine Chronicles - $30,000 Account 20-Days iqgod Elite Trading Journals 271 April 2nd, 2013 10:37 AM


All times are GMT -4. The time now is 10:55 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 2017-12-18 in 0.16 seconds with 20 queries on phoenix via your IP 54.226.113.250