Five A Day - Trading Journals | futures io social day trading
futures io futures trading


Five A Day
Updated: Views / Replies:22,268 / 352
Created: by ratfink Attachments:98

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
 98  
 
Thread Tools Search this Thread
 

Five A Day

  #301 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,336 since Dec 2012
Thanks: 11,276 given, 7,090 received

symptoms, sharp tools, evolving bathwater and the dark side

The plan is of course already morphing, thereby making me officially incorrigible. However, if my weakness is random change, my strength is ruthless change. From 12 charts I now have only 6 and I *love* them, no redundancy, maximum clarity and information, highly visible. Most of yesterday was medical appointments and trade system re-engineering.

It felt good ditching the US market feeds from my current active workspace, they will no longer come in at all on eSignal from the end of this month cycle date. I will miss drawing the forward gears fibs on the beloved ES, but it only ever served as a distraction that muddied my focus - my problem, not it's.

It was wrong to chuck the Sprints - the betting shop is fine if you have good odds and a solid understanding of the underlying ground - they are sharp tools if used properly, of course dangerous like C/C++ if used stupidly. SO, no 'baby out with the bathwater' just yet - I need to address the underlying causes of my trend following failures and not the symptoms, and stop looking for excuses outside of myself.

My win rate with them is already fine - BUT I WILL WAIT FOR PULLBACKS ON DIVERGENCE(S) AT KEY AREAS before entering.

In the main account I had a couple of fill problems caused by trying to enter in a high volatility spike, thereby breaking one of my own rules anyway - ENTER IN LOW VOLATILITY, EXIT IN HIGH. However, it reminded me that having two accounts is an advantage, not a problem - so let's not use that as an excuse either.

Yesterday's trading was only a couple of hours and mixed, main account I had a few nibbles and one good short after the typical Tuesday corrective clamber up to the previous day's high, finished off -16T in the end. Sprints I took just 5 for 4W, 1L for +44T.

Evolution. Always. I have turned to the dark side - added a profile and a simple VWAP. Nothing is sacred anymore.

Travel Well
The following 3 users say Thank You to ratfink for this post:
 
  #302 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,336 since Dec 2012
Thanks: 11,276 given, 7,090 received

Kept a calm head and finished the morning session with 7 Sprints, 5W, 2L for +40T. Nice short too @GFIs1, it must be Wednesday!

edit: Just one more trade in the pm session for +16T, so a decent day.

Travel Well

Last edited by ratfink; January 22nd, 2014 at 12:48 PM. Reason: pm session done
The following 2 users say Thank You to ratfink for this post:
 
  #303 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,336 since Dec 2012
Thanks: 11,276 given, 7,090 received

rough morning, decisive session


Got jolted out of a heavy dream sleep, spent the rest of the morning session with a headache - that should have been a clue to maybe just go for a walk instead of trading. I ended with 11 Sprint trades going down 4W, 7L for -76T, a slapdash ass-kicking that has to be the finger-burning that keeps me off the slot machines for the rest of the year.

It's not the magnitude of a single-day loss that matters, it's the manner, and I know that any attempt to scale up position sizes on these crack-fueled instruments is going to bury me one day. If any of you that read this journal ever see me mention the word 'Sprint' again please send me a private message and tell me not to be a complete prat in whatever language you fancy. I have deleted all the related Ninja and trade platform layouts and want the shackles to work, permanently.

(Shouldn't be trading OR-bound Dax on Thursday mornings either, yeah I know.)

I will keep trying to make it a proper job.

Travel Well
The following user says Thank You to ratfink for this post:
 
  #304 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,336 since Dec 2012
Thanks: 11,276 given, 7,090 received

denial, rationalisations, oscillations, permission to trade, then do it

Denial - that my trading behaviour has been anything other than gambling - it has, on too many occasions. Without consistency in the workshop the casino will burn down.

Rationalisations - post #301 contained several, I need to let things go and move ahead properly. The consequences were immediately felt the following day.

Oscillations - in a period of psychological turmoil and change this is natural, the new road is not going to be illuminated by a single blinding light, more a series of shadowy glimpses and intuitions that eventually lead to one or more right turns. Lots of hard graft and dead ends along the way.

Permission to trade - this is the single most important concept I have lost sight of in recent weeks. I ALWAYS have to know that it is sensible to trade and, if so, which way to be looking before I even consider a setup or look for an entry. Market conditions and trend definition first, setups and entries second - schoolboy errors otherwise.

Then do it - without hesitation, too many times I watch the best setups pass by and then take a lousy one instead, so let's stop doing that, continuing to focus on the psychology by means of sticking to a consistent methodology.


With those key points worked out I have also analysed my system and trading from last week and simplified it yet again. At no point did the profiles or VWAP provide any extra information that I couldn't already see, in fact to a large degree they just obscured things. The dark side has now been exorcised and I am a trader of market conditions, patterns and measured moves once more.

No excuses to London from here:


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



So, still just need to sort out the wet-fat link between eyes and fingers then.

Travel Well
 
  #305 (permalink)
Elite Member
London, UK
 
Futures Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker/Data: IB/IQFeed
Favorite Futures: EUR/USD
 
Adamus's Avatar
 
Posts: 1,085 since Dec 2010
Thanks: 470 given, 778 received


ratfink View Post
No excuses to London from here:


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



So, still just need to sort out the wet-fat link between eyes and fingers then.

Peachy. So who's your provider and what sort of connection is that? Cable?

This is the bog standard cheapest business broadband:

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

You can discover what your enemy fears most by observing the means he uses to frighten you.
 
  #306 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,336 since Dec 2012
Thanks: 11,276 given, 7,090 received


Adamus View Post
Peachy. So who's your provider and what sort of connection is that? Cable?

Standard BT Infinity Fibre, now 15 squids a month plus telephone line rental, bargain. Cheaper 6 month intro period deals often available on offer too.

Prices and availability checker link:

http://www.productsandservices.bt.com/products/broadband/packages?Infinity=yes

Just checked it and our area has been upgraded again, says I can now get 76Mb download for £26/mo, great but overkill for what I currently do with it, I'm just happy that it's been rock solid for a year.

Travel Well

Last edited by ratfink; January 26th, 2014 at 06:40 PM.
The following user says Thank You to ratfink for this post:
 
  #307 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,336 since Dec 2012
Thanks: 11,276 given, 7,090 received

moving ahead

Today's best decision - don't trade, as I had no sleep at all last night. Head full of ideas.

Today's worst decision - don't trade, as I slept through @GFIs1's gem of a trade. Bugger. Fib move hit massive target to tick as well. Just a day, thousands more, if I'm fortunate. I think fortune is different to luck, but that must be a long story somewhere.

Yesterday - took +52T out of chop. Happy boy. Saw some beautiful and ugly things, couldn't sleep as a result.

Progress - I have completed the removal of US markets from my system and my life, I have no more worries about late hours trading, no more faffing with mixed session holidays, and a better planned balance of trading hours and life. This is important for me. I am now only interested in Dax and Euro STOXX.

Good hunting.

Travel Well
The following 2 users say Thank You to ratfink for this post:
 
  #308 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,128 since Feb 2012
Thanks: 3,780 given, 7,650 received
Forum Reputation: Legendary


ratfink View Post
Today's best decision - don't trade, as I had no sleep at all last night. Head full of ideas.

Today's worst decision - don't trade, as I slept through @GFIs1's gem of a trade. Bugger. Fib move hit massive target to tick as well. Just a day, thousands more, if I'm fortunate....

As you quote it:

Market is there tomorrow as well

Never look back!

GFIs1

The following user says Thank You to GFIs1 for this post:
 
  #309 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,336 since Dec 2012
Thanks: 11,276 given, 7,090 received

done for early session

Done for the early session, getting used to the new setup, only two trades for +32T.

Dax and Fesx playing cat and mouse all morning, I'm thinking they need to get squeezed North away from these areas pretty soon, otherwise the remaining December gaps beckon. (Both have just started lifting as I post this.)

Travel Well
 
  #310 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,128 since Feb 2012
Thanks: 3,780 given, 7,650 received
Forum Reputation: Legendary



ratfink View Post
Done for the early session, getting used to the new setup, only two trades for +32T.

Dax and Fesx playing cat and mouse all morning, I'm thinking they need to get squeezed North away from these areas pretty soon, otherwise the remaining December gaps beckon. (Both have just started lifting as I post this.)

well done...
some down move is obvious
THOUGH
it depends on IF we take it

Good trades
GFIs1

The following user says Thank You to GFIs1 for this post:

Closed Thread



futures io > > > Five A Day

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
3 day Wonder aquarian1 Stocks and ETFs Trading 9 January 18th, 2012 11:27 PM
effect of gains and losses of previous day on next day tradersam Psychology and Money Management 2 May 18th, 2011 04:35 PM
Calculate GAP (Close of Prior Day, Open of Current Day) bluemele NinjaTrader Programming 16 January 19th, 2011 10:19 PM
Range Day ntsst3 Beginners and Introductions 2 October 12th, 2010 07:37 AM
first day of the week/month - requesting last day of the week/month SARdynamite NinjaTrader Programming 3 July 15th, 2010 07:25 AM


All times are GMT -4. The time now is 09:50 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 2017-12-12 in 0.15 seconds with 20 queries on phoenix via your IP 54.90.92.204