A TopStepTrader's Real Money Combine - futures io
futures io



A TopStepTrader's Real Money Combine


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one iqgod with 130 posts (114 thanks)
    2. looks_two xelaar with 7 posts (9 thanks)
    3. looks_3 MarketPilot with 6 posts (10 thanks)
    4. looks_4 jmsUK with 3 posts (4 thanks)
      Best Posters
    1. looks_one FXwulf with 7 thanks per post
    2. looks_two MarketPilot with 1.7 thanks per post
    3. looks_3 xelaar with 1.3 thanks per post
    4. looks_4 iqgod with 0.9 thanks per post
    1. trending_up 18,970 views
    2. thumb_up 164 thanks given
    3. group 22 followers
    1. forum 160 posts
    2. attach_file 70 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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)

 
Search this Thread
 

A TopStepTrader's Real Money Combine

(login for full post details)
  #101 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

Good Entry 1:

I had to summon the initial energy to record my thoughts deliberately and subtly without disturbing my psyche, but thereafter energy seemed to breed more energy.

Journaling allowed me to simply place the pattern I was living through that moment - it was like how its easier if we took care of washing dirty dishes straightaway and not feel annoyance at a gathering mess like I had experienced in my first two combines (pent up energy that simply released itself by blowing through my daily loss limit - like the subconscious demon manifesting itself unhindered).

So the good entry is that I have developed the pattern that I am mindful whether I am excelling at the trading process (not focusing on money/profits/goals/up or down on the day/current trade red green etc.)

This entry is my most valuable asset and weapon and I cherish the mindfulness that accompanies me in trading and life.

Side effect: It also reduces and takes away stress in life and trading, because I know I have the odds tipped slightly in my favor.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #102 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

Good Entry 2:

Recognition of Pattern:
When I find myself in the wake of a trade opportunity that has slipped away I become consumed by a sense of betrayal and despair.

BLINK One-liner "From-Mind-To-Paper-Xerox":

SITUATIONAL TRGGER
This manifested itself when I missed the amazing IRB short trade which I had been watching out for the past couple of hours and then at the precise moment the market started dropping I lost net connectivity and also lost the backup mobile net connectivity!

THOUGHTS & RESPONSE
The sense of betrayal and despair was so huge that I winced and writhed on my seat. Big men don't cry but tears are not just drops of liquid, the mind cried sorrowfully. This happened within a blink moment.

The initial response was to jump in and chase the market with no confirmation whatsoever and no technical setup though it had dropped 25 ticks now in 5 - 10 seconds.

Then I made myself mindful again and reminded myself of the....

CONSEQUENCES (Feedback Loop Triggered!!)

My mind needed no introduction to the negative consequences of chasing a trade, not following my rules.

The consequences would have been:
- Loss of self-esteem had I banked a loser
- Invincibility and euphoria which would have setup a self-delusion bomb ticking toward account / combine death.

CHANGE
I made myself aware of the surroundings once more, reminded myself of why i am doing this, my position as a small retail trader who cannot move the market, reminded myself that the consequences were too expensive and waited patiently for the next trade opportunity. If a trade is truly missed so it be.




Dr. Brett Steenbarger says: Maldaptive patterns begin as adaptations to challenging situations.

As per my understanding, they evolve out of and become coping mechanisms. While I will leave the root causes of this pattern out of this entry, I have jotted down some childhood memories - similar prints probably are in everyone of your minds. It is funny how tiny flashes of mindfulness yield big rewards.
'
Trading well is taking care of the small things as much as the big ones.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #103 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

Bad Entry 1: (Could not conquer the loss of discipline i.e. could not avert disaster in time)

Recognition of Pattern:
Mix of two:
- When I find myself in the wake of a winner that comes too easily, that makes me feel I am invincible and a favorite of the market, a darling child who can do no wrong.
- When I feel that I need to focus on money goals rather than process goals i.e. outsmarting and thus boosting my ego, an ego play and that discipline is for the sissy 'other children' not for geniuses like me

(Note: I am being completely honest here, this kind of journaling might not be suitable for every reader's tastes)

BLINK One-liner "From-Mind-To-Paper-Xerox":

SITUATIONAL TRIGGER
This manifested itself when even though I had missed the initial IRB short trade but then was still able to take the first break - I thought I was a genius and the marker had patted my back when all I had done was simply following my plan remembering that the outcome of one single trade did not matter.



THOUGHTS & RESPONSE
First trigger was entry hesitation and slippage of 4 ticks. This made me feel that the star darling child had been rapped on the knuckles by the market.

Second trigger was I moved my target to 6-ticks and market went on after a pullback to my 10-tick planned exit. A sense of betrayal of being removed from the position of 'favorite student' made me mad at the market and then I wanted to outsmart it and claim my territory back.

I took a block break to the long side which was a countertrend trade WITHOUT CONFIRMATION.
I also did not cover for a breakeven scratch (0.0 only $5 commissions lost) because my ego was in the stronghold of my mind's center instead of the mindful me.

I watched the trade drop 4 ticks more. I thought now I am too late anyway and why to chicken out here? Newbie thinking after four years of already hard beatings. The ego was still not tamed - the mindful part of me and the ego part of me both FROZE. (Ego was being proved wrong and was slowly slinking away; the mindful part of me was sorrowed that I had not heeded its timely advice to scratch the trade and not be a tick for a dick)

CONSEQUENCES (Feedback Loop NOT Triggered!! DISASTER!!)

My mind was unhindered and not following my rules.

The consequences have been:
- Loss of self-esteem and confidence.
- Being thrown out of gear of the smooth mindful engine running smoothly till this point.

CHANGE
I must do the following things:
- Sit on my hands till a 10-tick target
- Not enter without confirmation.
- Not allow the ego upper hand and be aware if it has a upper hand at any point to simply ignore it as a heckler in my show and fight it.
- retreat to humility each time it tries to conquer me



Dr. Brett Steenbarger says: Maldaptive patterns begin as adaptations to challenging situations.

As per my understanding, I have jotted down that I nurture my ego because I feel deep within that I am weak, frail and 'not so good' and perhaps even that 'I don;t deserve good things'. It is also a great feeling to know that the mindful me is increasing in size and soon this pale shadow of ego trying to support its own fragility will be shattered as I follow my processes and ignore its shouts.
'
Trading well is taking care of myself and respecting the real me and ignoring all other 'me's who are not attuned to my best interests.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to iqgod for this post:
 
(login for full post details)
  #104 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to iqgod for this post:
 
(login for full post details)
  #105 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to iqgod for this post:
 
(login for full post details)
  #106 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

Quoting Dr. Brett Steenbarger:

The motivation for much positive thinking is a denial of weakness.


We only contact the parts of ourselves that are relatively whole.

We keep our frailties from our conscious awareness. Thus banished from the front of our minds, those frailties cannot guide our learning.

Eventually those trading shortcomings catch up to us, forcing us to face them squarely.

If you love yourself, you can reach that point of acceptance in which you are fully aware of your shortcomings and appreciate your very humanness.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #107 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

Quoting Dr.Brett Steenbarger:

Traders establish firm stops that are closer to the point of entry than the price targets and help ensure a favorable risk/reward profile to each trade. You can generally tell a professional trader by the way she closes out a losing trade. The exit is automatic, not a cause for consternation. Loss is an accepted part of the game. The good traders learn from those losses and use them to revise market views.

Much harder for many traders and far less remarked upon is something we might call stop-profits. Traders find it difficult to let profits run on winning trades.

A traderís risk aversion may play a role in prematurely stopping out profits.

One of the important advantages of testing oneís trading setups is that you can estimate the historical odds of a market acting in your favor. That knowledge can provide the security necessary to see the trade through to its ultimate target.

A large part of confidence is trust.

Instill both trust and confidence in your trading as follows:

- Mentally rehearse how you would talk to yourself in the event that you have to scratch a trade after having a paper profit.


And most importantly, Confidence is not just a function of how you think, but also how you act.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #108 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

I have two problems that manifest themselves in 10 - 15 different ways.

The problems are:

- missing good trades - I have addressed this by precisely defining entries, so moving on.....

- occasionally ignoring stop-loss levels

- taking quick sure profits

At the core the pattern involves states of mind that disrupt or interfere with good decision-making.



Currently I am like the junior doctor who has taken the Socratic Oath “Above all else, do no harm”.

though this has kept me away from all those big losses I used to have in a recurring sequence year after year after year, it did not in itself allow me to reap the rewards of trading I was expecting.

Here is how Dr.Brett Steenbarger instructs traders to address the issue:

My worst trading occurs when I focus on my P/L as the trade is unfolding.
This leads me to tolerate larger normal losses or take profits too quickly to book a sure gain.

Solution:

Method 1:

I need to refocus my attention. I accomplish this by turning briefly from the screen, fixing my gaze on something nearby, and taking a few deep breaths. Once I’m in a new state—more calm and focused—I find it easier to be detached from the P/L and let the trade unfold in its planned manner.

Method 2:


Simply walk away from the screen temporarily and engage in a quick activity unrelated to trading like doing a few stretches or getting something to eat or drink.

He highlights: When you change your physical state, you alter how you experience the world and process information.

Method 3:

Talk aloud during a particular situation. If you write or talk about what is happening and give voice to what
you think and feel at the time you’re thinking and feeling it, you shift from being a person immersed in experience to being a person observing his own experience. If you’re an active trader talking aloud can be accomplished while still watching the screen.

if I talk aloud my thoughts about my P/L while I’m in a trade, that alerts me to the fact that I’m no longer focused on the trade itself.

Tip: Learn to make self-observation a habit.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to iqgod for this post:
 
(login for full post details)
  #109 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

A single problem is usually the rroot cause of all trading troubles!

A single one!

In my case it was ANXIETY.

This one word encompasses an attitude of Lack, which I stumbled upon, how else, but reading and re-reading my journal to identify the patterns.

This combine I am striving to be so process oriented that P/L is not in the equation at all.

That is why I talk about ticks, fixed targets (for discipline), tipping points and never about $$$.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #110 (permalink)
 MarketPilot 
Des Moines IA USA
 
Experience: Advanced
Platform: InverstorRT, NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: ES
 
MarketPilot's Avatar
 
Posts: 114 since Oct 2012
Thanks: 86 given, 110 received


iqgod View Post
A single problem is usually the rroot cause of all trading troubles!

A single one!

In my case it was ANXIETY.

This one word encompasses an attitude of Lack, which I stumbled upon, how else, but reading and re-reading my journal to identify the patterns.

This combine I am striving to be so process oriented that P/L is not in the equation at all.

That is why I talk about ticks, fixed targets (for discipline), tipping points and never about $$$.

Any kind of emotion can do this. For me my entries had a little too much discretion in them. This caused me to enter early and had take more heat on a trade than I mentally wanted. Once the emotions got started it would keep me trading poorly. Often it would even progress until I started taking bad trades.

If missed a good trade, I'd force myself to take the "Next" trade - a reversal against my trend. Or worse yet, a trade then did not even meet my rules.

From my trade reviews, I was able to find a away to refine my entry criteria. This filtered out some bad trades that I used to take as well as improved my entries. When I have good entries, my confidence stays high and emotions or anxiety stays out of my trading.

Trade Wise, Trade Well

John
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to MarketPilot for this post:
 
(login for full post details)
  #111 (permalink)
 MarketPilot 
Des Moines IA USA
 
Experience: Advanced
Platform: InverstorRT, NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: ES
 
MarketPilot's Avatar
 
Posts: 114 since Oct 2012
Thanks: 86 given, 110 received


iqgod View Post
The problems are:

- missing good trades - I have addressed this by precisely defining entries, so moving on.....

- occasionally ignoring stop-loss levels

- taking quick sure profits

I had another thought to share... I solved taking quick sure profits by doing exactly that. I enter with maximum size (currently two) and scale out the first half (1) contract at a close target. Now I a can trade at ease and let the remaining position run. Once the first easy target is reached, the worst case is a break even trade. I realize this is added risk when entering the trade, but for me the reward of keeping my Monkeys (emotions) out of my trading out weights the increased risk.

On the Stop Loss side... I use Ninja Trader ATM to place my default max stop. I should only "tighten" the stop from the initial position.

Hope this helps.

Trade Wise, Trade Well

John
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to MarketPilot for this post:
 
(login for full post details)
  #112 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received


MarketPilot View Post
I had another thought to share... I solved taking quick sure profits by doing exactly that. I enter with maximum size (currently two) and scale out the first half (1) contract at a close target. Now I a can trade at ease and let the remaining position run. Once the first easy target is reached, the worst case is a break even trade. I realize this is added risk when entering the trade, but for me the reward of keeping my Monkeys (emotions) out of my trading out weights the increased risk.

Thanks! Yes there is a lot of value in this suggestion. This was what I was doing in my $150,000 combine.

However for the $30,000 combine there is a lot less fire power for scaling out and it becomes a thin line between passing and losing when the full position goes against you from the first tick.

Though I must add that even now when I am a one lot trader in the $30,000 combine I can actually take on the risk of an additional lot (start with a 2 lot position) and then apply this scaling. Even with 2 lots a 10-tick stop puts me at risk of a full stop-out which is only 50% of the DLL which is affordable and is also less than the golden 1% risk per trade.

Thanks!



MarketPilot View Post

On the Stop Loss side... I use Ninja Trader ATM to place my default max stop. I should only "tighten" the stop from the initial position.

Discipline! Discipline! Discipline!

That's great!

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to iqgod for this post:
 
(login for full post details)
  #113 (permalink)
 MarketPilot 
Des Moines IA USA
 
Experience: Advanced
Platform: InverstorRT, NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: ES
 
MarketPilot's Avatar
 
Posts: 114 since Oct 2012
Thanks: 86 given, 110 received


iqgod View Post
Thanks! Yes there is a lot of value in this suggestion. This was what I was doing in my $150,000 combine.

However for the $30,000 combine there is a lot less fire power for scaling out and it becomes a thin line between passing and losing when the full position goes against you from the first tick.

Though I must add that even now when I am a one lot trader in the $30,000 combine I can actually take on the risk of an additional lot (start with a 2 lot position) and then apply this scaling. Even with 2 lots a 10-tick stop puts me at risk of a full stop-out which is only 50% of the DLL which is affordable and is also less than the golden 1% risk per trade.

I know what you mean about the 30K combine. I ruled it out as an option for me because I could not trade 2 lots initially and support three consecutive losing trades of up to 2 points each. Once you have initial profits, you could then try to increase to the 2-lot trading as long as you maintain profitability. But that is another complexity I'm still wrestling with.


MarketPilot View Post
TST Combine Analysis - can jump to this post with the above link.


Trade Wise, Trade Well

John
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to MarketPilot for this post:
 
(login for full post details)
  #114 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

A recap of all the MISSED trades of Friday (missed because I was emotionally drained to actually trade)



This made me itch to trade it to the upside which was countertrend - seems like I still have these itchy moments and will always do - I've to fight these and trade!

The right thing to do is WAIT and let the trading range resolve itself and trade it towards the downside as it breaks out of the range after the three-push pattern is complete.

Reason for the itch?

"It must beak to the upside! It MUST! It HAS TO! It WILL!"

!!!!

Whenever I get into this 100% prediction mode I am back to novice, back to square one.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #115 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

Here is what I actually did (in SIM SIM not TST SIM), I entered long, NOTE: here emotional state was telling me NOT to:



A test of the open is a high probability event so I took the long.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #116 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received



Critical juncture - 10 minutes have elapsed and the trade is still in the red.

Unless I am QUICK to cut losers the combine can very well end badly.

Also such trades stay in red solely because of ENTRY HESITATION.

Entry hesitation may be because:

- I am taking a countertrend trade, a losing proposition

- I see SOME reasons for taking an entry but the overall price action and market structure is not supportive of taking this trade.

The Golden Rule in such cases?

SKIP THE TRADE.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to iqgod for this post:
 
(login for full post details)
  #117 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received



A red trade is a scary thing for me that still kicks in the thought demons.

It is a walk in the park when I accept that losing trades are a part of the game.

However when a promising reversal bar sets up in this fashion it becomes a HUFFF.... compressed air is released from the lungs relieving you of anxxiety.

However such perfect bars (and perfect patterns) mean only one thing - they are created in a way that EVERY participant can see them and postion themselves in the obvious direction after which the big players are free to take out everybody's stops.....

So to myself: beware when market action lowers stress i.e. when you allow the market to regulate your thinking instead of guide it.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #118 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received



... and as my little being was proved right, the trade took out my full 10-tick stop. I could have moved the stop earlier to the bottom of the range which would have caused only half the pain but didn't (lesson no.2)

REMINDER: (again) Never trade against the immediate trend. (lesson no.1)

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #119 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

It is obvious that to pass the combine I need to:

- Ruthlessly cut positions that do not get into green territory within a minute.

- Ruthlessly move my stops to tighter locations even in face of the higher risk of them being hit.


In essence the strategy was ALWAYS to tighten the stop.

But the most important thing is to:

- Always take the valid trades.

- Avoid these lesser trades (e.g. against trend, obstructed by visible chart resistance etc.)

It is simple but not easy.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #120 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

I WILL NOT LOOK FOR REVERSALS.

I WILL NOT LOOK FOR REVERSALS.

I WILL NOT LOOK FOR REVERSALS.

I WILL NOT LOOK FOR REVERSALS.

I WILL NOT LOOK FOR REVERSALS.

I WILL NOT LOOK FOR REVERSALS.

I WILL NOT LOOK FOR REVERSALS.

I WILL NOT LOOK FOR REVERSALS.

I WILL NOT LOOK FOR REVERSALS.

I WILL NOT LOOK FOR REVERSALS.

I WILL NOT LOOK FOR REVERSALS.


Weekend punishment completed.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to iqgod for this post:
 
(login for full post details)
  #121 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

A first break signal bar for an advance range break:


Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #122 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received



The benefits of "with trend".

Almost Always.

The new demon is:

Do I movemy stop to breakeven?

That has already been answered in bold letters, atleast for this journal: NO!

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #123 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

By waiting patiently, taking only with trend setups and not having anxiety about the outcome there is very little I can do wrong:




And I am not saying that because the trade outcome is a winner....

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #124 (permalink)
 devdas 
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,508 given, 1,701 received

Reversal is like invention - it successes after so many failures. Inventors pour their lives for it and for community.
Trends are like product of successful invention, naturally using them is wiser than indulging in inventions.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to devdas for this post:
 
(login for full post details)
  #125 (permalink)
 MarketPilot 
Des Moines IA USA
 
Experience: Advanced
Platform: InverstorRT, NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: ES
 
MarketPilot's Avatar
 
Posts: 114 since Oct 2012
Thanks: 86 given, 110 received


iqgod View Post
"It must beak to the upside! It MUST! It HAS TO! It WILL!"

!!!!

Whenever I get into this 100% prediction mode I am back to novice, back to square one.

I had this same issue too. When ever I decided what the market "will do" it was too easy for me to "make up" a trade that matches my decision and does not match all my trading criteria. I feel these trades bring your emotions into trading. Since you "decided" what the market must do, you will want to be right about the decision. Sometimes you will be right, but this just sets you up to take another "I decided trade" that will most likely lose because emotions are clouding your judgement. If you were wrong, then you get mad at yourself for deciding what will happen. You know better and should not do that. Again, emotions coming into trading and building as you trade.



What are you using for trend definition? I use the Volume off of a 5 minute chart to set the trend direction and I'm trying to get myself to only trade in my trend direction. The Red or Green diamonds are where I'm defining the trend. Only after having profits to risk should I allow my self a counter trend trade.




I'm working through some manual back testing this weekend. I trade the ES and feel this definition for trend is working good for my trading style. In my back testing I see some stop runs that give false reversals, but overall this is helping me.

Trade Wise, Trade Well

John
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to MarketPilot for this post:
 
(login for full post details)
  #126 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received


devdas View Post
Reversal is like invention - it successes after so many failures. Inventors pour their lives for it and for community.
Trends are like product of successful invention, naturally using them is wiser than indulging in inventions.

That's a wonderful analogy!

Thanks for that!

Since we are on the subject:

I wanted to "share" something about Thomas Alva Edison. People often conjure up images of an Inventor cum Mad Sceintist who kept working in solitary confinement till his genius bore fruit.

That was far from the truth.

During his most inventive years, Edison conducted experiments at his Menlo Park, New Jersey, laboratory. He did not work alone. A team of talented workers assisted him all hours of the day and night. These men had the skills to make Edison's ideas and sketches into real devices of wood, wire, glass, and metal.

Edison's workers came from all over the world. The group included: Charles Batchelor, Edison's chief mechanical assistant from England; Ludwig Boehm, a German glassblower; John Kruesi, a Swiss clockmaker; Francis Upton, a mathematician, as well as carpenters, machinists, and general laboratory helpers.

The laboratory at Menlo Park was an "invention factory" and a business. Bookkeepers and secretaries kept track of the money needed to run the business.

So much for the image of hermit dedicating himself to science.

IN FACT HE TREATED HIS PASSION LIKE A BUSINESS.

This is what we as traders would do to firmly implant into our brains - Trading is FIRST a business. Being a passion ranks somewhere down that list but FIRST it is a BUSINESS.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #127 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received


MarketPilot View Post
I had this same issue too. When ever I decided what the market "will do" it was too easy for me to "make up" a trade that matches my decision and does not match all my trading criteria. I feel these trades bring your emotions into trading. Since you "decided" what the market must do, you will want to be right about the decision.

I think that was a very important beam of light you cast on my internals.

The need to be right, the spring that feeds the false ego usually is the last barrier to crumble between ourselves and successful trading.

Being willing and prepared to lose, not getting fixated on being right - those are the two most important precepts to build any trading career on.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #128 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

From Joan Didion’s 1968 anthology 'Slouching Towards Bethlehem' comes a wonderful essay titled “On Keeping a Notebook”:

Why did I write it down? In order to remember, of course, but exactly what was it I wanted to remember? How much of it actually happened? Did any of it? Why do I keep a notebook at all? It is easy to deceive oneself on all those scores. The impulse to write things down is a peculiarly compulsive one, inexplicable to those who do not share it, useful only accidentally, only secondarily, in the way that any compulsion tries to justify itself. Keepers of private notebooks are a different breed altogether, lonely and resistant rearrangers of things.

The point of my keeping a notebook has never been, nor is it now, to have an accurate factual record of what I have been doing or thinking.

See enough and write it down, I tell myself, and then some morning when the world seems drained of wonder, some day when I am only going through the motions of doing what I am supposed to do, which is write — on that bankrupt morning I will simply open my notebook and there it will all be, a forgotten account with accumulated interest, paid passage back to the world out there.

It is a difficult point to admit. We are brought up in the ethic that others, any others, all others, are by definition more interesting than ourselves; taught to be diffident, just this side of self-effacing.

Only the very young and the very old may recount their dreams at breakfast, dwell upon self, interrupt with memories of beach picnics and favorite Liberty lawn dresses and the rainbow trout in a creek near Colorado Springs. The rest of us are expected, rightly, to affect absorption in other people’s favorite dresses, other people’s trout.

But our notebooks give us away, for however dutifully we record what we see around us, the common denominator of all we see is always, transparently, shamelessly, the implacable “I.” We are not talking here about the kind of notebook that is patently for public consumption, a structural conceit for binding together a series of graceful pensees; we are talking about something private, about bits of the mind’s string too short to use, an indiscriminate and erratic assemblage with meaning only for its marker.

And we are all on our own when it comes to keeping those lines open to ourselves: your notebook will never help me, nor mine you.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #129 (permalink)
 MarketPilot 
Des Moines IA USA
 
Experience: Advanced
Platform: InverstorRT, NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: ES
 
MarketPilot's Avatar
 
Posts: 114 since Oct 2012
Thanks: 86 given, 110 received


iqgod View Post
A red trade is a scary thing for me that still kicks in the thought demons.

It is a walk in the park when I accept that losing trades are a part of the game.

However when a promising reversal bar sets up in this fashion it becomes a HUFFF.... compressed air is released from the lungs relieving you of anxxiety.

However such perfect bars (and perfect patterns) mean only one thing - they are created in a way that EVERY participant can see them and postion themselves in the obvious direction after which the big players are free to take out everybody's stops.....

So to myself: beware when market action lowers stress i.e. when you allow the market to regulate your thinking instead of guide it.

The "Red Trade" comment sounds like you may not have complete faith in the trades you take. You sound so much like me just a few weeks back. I had to fine tune both my entry criteria and trend determination. Even after making these changes I found I was performing a similar behavior. I could see it during my daily trade reviews. Sometimes half of my trades would not meet my trade criteria. Worse yet, these were usually the majority of my losing trades.

I finally convinced myself to ONLY take trades that really match my trade criteria. When a trade goes against me, I look at market internals to decide if I might be wrong or if this is just a stop run and I should stay in the trade. Consistency followed with these changes. The biggest change was I stopped worrying when placing a trade and now feel good that I'm trading to meet my plan. This matters more than if the trade is profitable. This made a huge emotional change for me.

I always felt my system would work, but found it was hard to get myself to trade my own system the way I defined the trades. I did the same things I hear you saying:
  • Hesitated on Entering Trades
  • Took Reversal Trades too often
Break those bad behaviors and your trading will change drastically for the better.

Trade Wise, Trade Well

John
Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to MarketPilot for this post:
 
(login for full post details)
  #130 (permalink)
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received

Very good posts. I always say - test, test and test. You should be very confident in what you are doing. And this is coming from disciplined practice.

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to xelaar for this post:
 
(login for full post details)
  #131 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

First I am going to talk more of Edison and then come back to the topic of the TST combine.

The reason I am hounding you further with Edison is not because I am a masochistic journalist trying to use this as a sounding board. This after all is a TST Combine journal, and with Edison's example I wanted to illustrate how the combine has made me a better trader.

Edison reportedly slept a mere three to four hours at night, regarding sleep as a waste of time, ‘a heritage from our cave days’.

In fact, Edison is often accused of having forever disrupted our internal clocks with his invention of the lightbulb — some researchers go as far as estimating that artificial light has stripped modern life of 1-2 hours of sleep per night.

Thanks to Edison, sunset no longer meant the end of your social life; instead, it marked the beginning of it.

But back to our journal.

Edison had so much faith in the power of his invention to liberate people from the burden of sleep that he often made ridiculous 'scientific' statements regarding sleep.

However, while he carried his lack of sleep as a kind of badge of honor, he had a duplicitous little secret: Power-napping. Napping cots scattered throughout his property, from labs to libraries. Edison used napping to counterbalance the intensity of his work. He always awoke from his naps reinvigorated rather than groggy, ready to devour the rest of the day with full alertness and zest.

When one of his inventions failed — a printing machine — he took five men into the loft of his factory, declaring he would never come down till it worked satisfactorily. For two days, and nights and twelve hours — sixty hours in all — he worked continuously without sleep, until he had conquered the difficulty; and then he slept for thirty hours.

He lay down rather severe rules for one who wishes to succeed in life - working eighteen hours a day.

‘You do something all day long, don’t you? Every one does. If you get up at seven o’clock and go to bed at eleven, you have put in sixteen good hours, and it is certain with most men, that they have been doing something all the time. They have been either walking, or reading, or writing, or thinking. The only trouble is that they do it about a great many things and I do it about one. If they took the time in question and applied it in one direction, to one object, they would succeed. Success is sure to follow such application. The trouble lies in the fact that people do not have an object, one thing, to which they stick, letting all else go. Success is the product of the severest kind of mental and physical application.’

To succeed in the combine (or trading in general) you need to make it the primary business of your life during your waking and dreaming hours.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 3 users say Thank You to iqgod for this post:
 
(login for full post details)
  #132 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received


MarketPilot View Post
The "Red Trade" comment sounds like you may not have complete faith in the trades you take. You sound so much like me just a few weeks back. I had to fine tune both my entry criteria and trend determination. Even after making these changes I found I was performing a similar behavior. I could see it during my daily trade reviews. Sometimes half of my trades would not meet my trade criteria. Worse yet, these were usually the majority of my losing trades.

I finally convinced myself to ONLY take trades that really match my trade criteria. When a trade goes against me, I look at market internals to decide if I might be wrong or if this is just a stop run and I should stay in the trade. Consistency followed with these changes. The biggest change was I stopped worrying when placing a trade and now feel good that I'm trading to meet my plan. This matters more than if the trade is profitable. This made a huge emotional change for me.

I always felt my system would work, but found it was hard to get myself to trade my own system the way I defined the trades. I did the same things I hear you saying:
  • Hesitated on Entering Trades
  • Took Reversal Trades too often
Break those bad behaviors and your trading will change drastically for the better.

Hi @MarketPilot, yes very good advice indeed!

The explanation of that red trade statement is that I feel the scary demons kicking and thrashing when I do not take a valid with-trend trade.

I mean I get scared when I do not trade according to my plan.

And why do I not trade according to my plan?

Anxiety and boredom.

Anxiety that I will not get a good / better trade in the limited hours I scan the markets and then the combine days will be over.

Boredom when I am doing the correct things - this is the pinnacle of success I am resting on counting my laurels and then I suddenly feel like a robot doing what is written in a plan and doing it correctly and reaping the rewards but thking "What then?". This attitude of raising Platonic questions I am trying to suppress by simply treating each trade as just another trade in the routine of a combine.

I only hope I can keep up with the tempo till the end!

Thanks for all the rays of hope and light!

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to iqgod for this post:
 
(login for full post details)
  #133 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

The redness in that red trade does not feel like my redness.

It seems like a foreign toxic additive that I am handling in a otherwise pure cocktail of correct recipes that I have painstakingly crafted and tested (tasted).

And it appears out of 'nowhere' this taking of a non-tradable event (call it early entry, crazy unplanned entry etc.) - these trades result from a state of mind that does not belong to the part of me that knows how to trade well.

I am talking in puzzles, but that is how I splice up the bad trades and the good trades.

If I stick to my trading methodology it is like a walk in the park with sightseeing called trades.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #134 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

To reiterate:

Whenever I have my focus on the trading process - i.e. trading well, then the problems all disappear!

The moment I focus on:

- statistics
- P & L
- missing out on opportunity
- losing accumulated profits
- fear of getting a loser next
- fear of a winner turning into a loser
- making an issue or experiment out of life in general (will it be boring always? why is the world winner take all? etc.)


..... then that walk in the park becomes Jurassic Park.









Here is the concept presented more eloquently by Chang Tzu:



Quoting 

When an archer is shooting for nothing he has all his skill.
If he shoots for a brass buckle he is already nervous.
If he shoots for a prize of gold
he goes blind
or sees two targets
- he is out of his mind!

His skill has not changed. But the prize
divides him. He cares.
He thinks more of winning than of shooting
and the need to win
drains him of power.

- Chang Tzu


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 6 users say Thank You to iqgod for this post:
 
(login for full post details)
  #135 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

In an earlier combine journal I wrote:

"The root cause of it all is ENTERING TOO EARLY.

Entering without following rules."

Here is what @rubyslippage advised in her astute manner:



rubyslippage View Post
I struggled with this again and again and again, to the point I wondered if I suffered from some mental defect.

I knew that not following the rules was the cause of poor trading results, but the root cause of not following the rules was something you nailed in your earlier post:

"...as I watched price gyrate upwards I was about to leave my stop alone as by that time it was clear that the big downmove was due anytime..."

I think it was second or third time through Trading in the Zone that I awakened to the root cause of all the other trading issues: It was an overpowering belief that I knew what price was going to do next. I realized that the only reason I would hesitate to trade a signal, or jump in too early, or chase a trade after the planned entry was left in the dust, or move a stop, was that I personally believed I knew what was going to happen next.

If you break a rule and have a positive result, it's dangerous because it reinforces a belief that you can psychically predict individual outcomes from a series of randomly distributed results.

If you break a rule and have a negative result, it's dangerous because you're prone to allow previous results to influence your subsequent trades.

So I think you're on target that breaking the rules is the root cause of negative overall $$ results, but the belief that you need to deactivate and replace before you can more comfortably follow your rules is the belief that you can predict the outcome of an individual trade, the belief that you know what's going to happen next.



As I tread this combine I realize that I need to keep this advice at the very front of my consciousness!

I do NOT know what the market will do - once @GaryD places an order he has to get into what he calls 'surrender'.

Mark Douglas is essential reading!

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #136 (permalink)
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011


iqgod View Post
To reiterate:

Whenever I have my focus on the trading process - i.e. trading well, then the problems all disappear!

The moment I focus on:

- statistics
- P & L
- missing out on opportunity
- losing accumulated profits
- fear of getting a loser next
- fear of a winner turning into a loser
- making an issue or experiment out of life in general (will it be boring always? why is the world winner take all? etc.)

..... then that walk in the park becomes Jurassic Park.

Here is the concept presented more eloquently by Chang Tzu:




I missed a profit target on Friday, the market traded exactly at my price, but only filled 20 orders in front of me, then turned the other direction. Then it came down and hit my stop, but did not go a tick further than that. Then it turned back in my original direction... I laughed at how impressive that was, to have caught both ends of that move to the precise tick, and still lost on the trade. Should I not have been upset? Maybe felt "perfectly unlucky" that day? Did the market know exactly where my trade was and single me out? No, it was just something funny that happened. There was no harm done, there was no ill will on the market's side.

Don't play for brass or gold, play out of passion for the game. If you take a trade every day next week, and lose every time, what are you not understanding? Correct it for the following week, try again. Needing to win takes the innocence out of it. And when it becomes that serious, how can it remain enjoyable? If it is not enjoyable, why do it? "Gold"? If so, the cycle remains in play for infinity...

Can you enjoy playing the game either way, win or lose? If not, you are trading too large.



“You train your eye and your vision lusts after color. You train your ear, and you long for delightful sound. You delight in doing good, and your natural kindness is blown out of shape. You delight in righteousness, and you become righteous beyond all reason. You overdo liturgy, and you turn into a ham actor. Overdo your love of music, and you play corn. Love of wisdom leads to wise contriving. Love of knowledge leads to faultfinding.

If men would stay as they really are, taking or leaving these eight delights would make no difference. But if they will not rest in their right state, the eight delights develop like malignant tumors. The world falls into confusion. Since men honour these delights, and lust after them, the world has gone stone-blind. When the delight is over, they still will not let go of it....”
- Chuang Tzu

Reply With Quote
 
(login for full post details)
  #137 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

Today is two winners and one breakeven.

Actually if I had the guts sense to stick to my discipline of 10-tick target I would have had only a single trade today.


Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #138 (permalink)
 zt379 
UK London
 
Experience: None
Platform: NT and XTrader
Trading: Tomorrow
 
Posts: 1,419 since Sep 2009
Thanks: 1,365 given, 1,596 received


iqgod View Post
To reiterate:

Whenever I have my focus on the trading process - i.e. trading well, then the problems all disappear!

The moment I focus on:

- statistics
- P & L
- missing out on opportunity
- losing accumulated profits
- fear of getting a loser next
- fear of a winner turning into a loser
- making an issue or experiment out of life in general (will it be boring always? why is the world winner take all? etc.)


..... then that walk in the park becomes Jurassic Park.



Here is the concept presented more eloquently by Chang Tzu:

When an archer is shooting for nothing he has all his skill.
If he shoots for a brass buckle he is already nervous.
If he shoots for a prize of gold
he goes blind
or sees two targets
- he is out of his mind!

His skill has not changed. But the prize
divides him. He cares.
He thinks more of winning than of shooting
and the need to win
drains him of power.

- Chang Tzu

@iqgod

You reminded me of a few passages from the Tao Te Ching,
and ultimately, the awareness of the present moment.
In of itself, a gift.

In appreciation of your posts.
Many thx

"10
Can you coax your mind from its wandering
and keep to the original oneness?

Can you let your body become
supple as a newborn child's?

Can you cleanse your inner vision
until you see nothing but the light?

Can you love people and lead them
without imposing your will?

Can you deal with the most vital matters
by letting events take their course?

Can you step back from you own mind
and thus understand all things?

Giving birth and nourishing,
having without possessing,
acting with no expectations,
leading and not trying to control:
this is the supreme virtue."

13
Success is as dangerous as failure.
Hope is as hollow as fear.

What does it mean that success is a dangerous as failure?
Whether you go up the ladder or down it,
your position is shaky.
When you stand with your two feet on the ground,
you will always keep your balance.

What does it mean that hope is as hollow as fear?
Hope and fear are both phantoms
that arise from thinking of the self.
When we don't see the self as self,
what do we have to fear?

See the world as your self.
Have faith in the way things are.
Love the world as your self;
then you can care for all things."

15
The ancient Masters were profound and subtle.
Their wisdom was unfathomable.
There is no way to describe it;
all we can describe is their appearance.

They were careful
as someone crossing an iced-over stream.
Alert as a warrior in enemy territory.
Courteous as a guest.
Fluid as melting ice.
Shapable as a block of wood.
Receptive as a valley.
Clear as a glass of water.

Do you have the patience to wait
till your mud settles and the water is clear?
Can you remain unmoving
till the right action arises by itself?

The Master doesn't seek fulfillment.
Not seeking, not expecting,
she is present, and can welcome all things."

"Every moment I wake up I realize I know nothing, and then I smile..." zt379
Reply With Quote
The following 3 users say Thank You to zt379 for this post:
 
(login for full post details)
  #139 (permalink)
 ratfink 
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
ratfink's Avatar
 
Posts: 3,651 since Dec 2012
Thanks: 17,422 given, 8,403 received


devdas View Post
Reversal is like invention - it successes after so many failures. Inventors pour their lives for it and for community.
Trends are like product of successful invention, naturally using them is wiser than indulging in inventions.

Ouch. So true that really hurts.

The behaviourists long ago proved that intermittent reinforcement is a much more powerful behaviour modifier than continuous reinforcement. Hence the strength of phenomena such as superstition, pigeons clicking levers which only get them a pellet once in a blue moon and traders nailing turns....

Fortunately they were wrong about most of human nature so we can still live in hope of not dying in despair.

Travel Well
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to ratfink for this post:
 
(login for full post details)
  #140 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

In the light of the recent changes that will be going live from 15th July at TST I have decided to concentrate my efforts on a $150,000 combine.

The $30,000 combine would not have offered me any attraction in terms of funding but allowed me to grow as a trader, but the $150,000 is what I am looking for.

I will post updates on the new combine, which is what I should have started with in the first place.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #141 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

Here is the 20-day report of the earlier $150,000 combine I had attempted:


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 8 users say Thank You to iqgod for this post:
 
(login for full post details)
  #142 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 5 users say Thank You to iqgod for this post:
 
(login for full post details)
  #143 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 7 users say Thank You to iqgod for this post:
 
(login for full post details)
  #144 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 7 users say Thank You to iqgod for this post:
 
(login for full post details)
  #145 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

I am down with fever, cough and cold.

My younger daughter is down with fever.

My wife returned home early from her office a few days back, with a godawful acute pain in her stomach and has been bed ridden since.

I am unable to THINK let alone TRADE - its all a muddle and cloudy and misty in my brain.

Its the Indian monsoon in full swing with these side effects; effective result - my hands are full with family care, self care and shuttling between hospital to drug store to diagnostic center to sonography lab.

It just isn't combine season anymore.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #146 (permalink)
 cmmichaels 
London England
 
Experience: Intermediate
Platform: Metatrader
Trading: Spot $
 
Posts: 91 since Apr 2012
Thanks: 1,075 given, 149 received


iqgod View Post
I am down with fever, cough and cold.

My younger daughter is down with fever.

My wife returned home early from her office a few days back, with a godawful acute pain in her stomach and has been bed ridden since.

I am unable to THINK let alone TRADE - its all a muddle and cloudy and misty in my brain.

Its the Indian monsoon in full swing with these side effects; effective result - my hands are full with family care, self care and shuttling between hospital to drug store to diagnostic center to sonography lab.

It just isn't combine season anymore.

Hope you all get well soon. Good luck with the rest of the combine enjoying the journal like all of your journals interesting reading and I feel like I get more intelligent just by reading your posts.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #147 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,094 since Jun 2009
Thanks: 32,558 given, 98,591 received

Feel better soon.



Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #148 (permalink)
 deaddog 
Legendary Market Wizard
Prince George BC Canada
 
Experience: Advanced
Platform: IBs TWS
Broker: IB
Trading: Stocks
 
deaddog's Avatar
 
Posts: 882 since May 2013
Thanks: 135 given, 2,393 received

Wishin g you a speedy recovery.

Reply With Quote
The following user says Thank You to deaddog for this post:
 
(login for full post details)
  #149 (permalink)
 ratfink 
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
ratfink's Avatar
 
Posts: 3,651 since Dec 2012
Thanks: 17,422 given, 8,403 received

Wishing good health soon to you all.

Travel Well
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to ratfink for this post:
 
(login for full post details)
  #150 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

To the list I woefully have to add my elder daughter and father.

We cough and sneeze at various tempos and perform quite an orchestra.

The elder one is the most unfortunate since its exam time for her - we tried to keep the siblings and us quarantined from her but she has finally caught the virus anyway.

The rains show no signs of ending and the TV news bombards us with cheerful images of city floods, mountain floods, crops rotting in fields.

I hope this is the last week of this misery.

Antibiotics seem to have become ineffective - perhaps the viruses develop a resistant strain to antibiotics - we are now on a new drug and hope that might work.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #151 (permalink)
 jmsUK 
Manchester, Greater Manchester, UK
 
Experience: Intermediate
Platform: NinjaTrader7
Trading: YM
 
Posts: 88 since Nov 2012
Thanks: 363 given, 136 received

@iqgod

Hope it soon passes, but take your time to get well: was a good start, so be encouraged and there is plenty of time in this combine for you to resume when you feel up to it. Be patient
Best
JS

Reply With Quote
The following user says Thank You to jmsUK for this post:
 
(login for full post details)
  #152 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

It is currently two steps forward and one step backward with recovery.

Just as we thought the younger one is fully recovered, here she is collapsing into my arms - my shoulders are aching with alternately carrying two weary children.

Though worn down and hazy there is a glow inside me - I have found my family again.

I just read @FXwulf's lonely journey here and I actually cried. I also stumbled back to my terminal yesterday and traded the Indian index futures with real money - I don't know why I did that since I can hardly think from the weakness but ended up losing 10% of my capital for no reason (and the things I did were plain silly - did not remember how many lots I had sold high up and covered twice the number on the half way down thinking I was flat when I had long positions in a falling market and then realizing the NEXT day (gap down) what I had done.)

I suddenly realized that the time I give to trading is just "time at the workplace" - I did not want to go from one workplace to another one - life is still confined and restricted (by bosses and now by the Big Boss Mr.Market).

Perhaps I am feeling desolate more because of the illness but I am seriously thinking of giving up intraday trading.

To that effect TopStepTrader may not be the best fit for me - it is purely for an intraday trading style.

I will tone down on my quest for intraday setups i.e. stop monitoring the charts all day long.

I will focus on trading as a longer timeframe pursuit, and will minimize time spent in front of the screen.

To that effect I will not be aiming for a TST funded account any longer and will trade with my own minimal capital. It still can be quite profitable I guess.

In essence I am seeking "time leverage".

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to iqgod for this post:
 
(login for full post details)
  #153 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

Perhaps I overreacted.

By experience, the essence all of living a purposeful life boils down to managing time wisely, managing yourself wisely.

The above, like trading, is simple but not easy.

I hope I find myself soon after my illness - it seems like I have woken up to a different world.

Rip Van Winkle.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #154 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

Rip Van Winkle:

Rip Van Winkle | Great Northern Catskills

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #155 (permalink)
 jmsUK 
Manchester, Greater Manchester, UK
 
Experience: Intermediate
Platform: NinjaTrader7
Trading: YM
 
Posts: 88 since Nov 2012
Thanks: 363 given, 136 received


iqgod View Post
It is currently two steps forward and one step backward with recovery.

Though worn down and hazy there is a glow inside me - I have found my family again.

I just read @FXwulf's lonely journey here and I actually cried. I also stumbled back to my terminal yesterday and traded the Indian index futures with real money - I don't know why I did that since I can hardly think from the weakness but ended up losing 10% of my capital for no reason (and the things I did were plain silly - did not remember how many lots I had sold high up and covered twice the number on the half way down thinking I was flat when I had long positions in a falling market and then realizing the NEXT day (gap down) what I had done.)

My friend, I sympathize. The hardest time to be disciplined is when one is BELOW peak, hence the rule: only trade when you are in peak condition. Even then, trading is difficult and demanding, unless you are really good. Don't watch the market, as it drains energy, just wait till you feel better and THEN make your decisions.
Sorry if this sounds bossy, but you know it's right.
Keep on keeping on.
JS

Reply With Quote
The following 2 users say Thank You to jmsUK for this post:
 
(login for full post details)
  #156 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received


jmsUK View Post
My friend, I sympathize. The hardest time to be disciplined is when one is BELOW peak, hence the rule: only trade when you are in peak condition. Even then, trading is difficult and demanding, unless you are really good. Don't watch the market, as it drains energy, just wait till you feel better and THEN make your decisions.
Sorry if this sounds bossy, but you know it's right.
Keep on keeping on.
JS

Thanks @jmsUK. You are right, of course.

Lying in bed powerless to do anything made me want to get up and do 'something' - unfortunately by habit that something became trading. What an unnecessary waste of capital!

I am flat and lying down flat till I can have the energy to be disciplined.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #157 (permalink)
FXwulf
Kailua-Kona, HI
 
 
Posts: 29 since Mar 2013
Thanks: 41 given, 204 received


iqgod View Post
It is currently two steps forward and one step backward with recovery.

Just as we thought the younger one is fully recovered, here she is collapsing into my arms - my shoulders are aching with alternately carrying two weary children.

Though worn down and hazy there is a glow inside me - I have found my family again.

I just read @FXwulf's lonely journey here and I actually cried. I also stumbled back to my terminal yesterday and traded the Indian index futures with real money - I don't know why I did that since I can hardly think from the weakness but ended up losing 10% of my capital for no reason (and the things I did were plain silly - did not remember how many lots I had sold high up and covered twice the number on the half way down thinking I was flat when I had long positions in a falling market and then realizing the NEXT day (gap down) what I had done.)

I suddenly realized that the time I give to trading is just "time at the workplace" - I did not want to go from one workplace to another one - life is still confined and restricted (by bosses and now by the Big Boss Mr.Market).

Perhaps I am feeling desolate more because of the illness but I am seriously thinking of giving up intraday trading.

To that effect TopStepTrader may not be the best fit for me - it is purely for an intraday trading style.

I will tone down on my quest for intraday setups i.e. stop monitoring the charts all day long.

I will focus on trading as a longer timeframe pursuit, and will minimize time spent in front of the screen.

To that effect I will not be aiming for a TST funded account any longer and will trade with my own minimal capital. It still can be quite profitable I guess.

In essence I am seeking "time leverage".

IG

Hey my friend Im so sorry that my post affected you so deeply and caused you a loss of your own confidence and of a portion of your account! please understand this was NOT my intention.

My intent was to share my personal journey and shed some light on some of the mistakes and pitfalls that perhaps others can avoid by being aware of the potentials before they embark on their journey.

We all walk our own path ultimately. For some folks, trading comes naturally and easily. In fact one of my dear friends is a young woman who saved up $5k for a tradestation futures account, wielding only that with a few youtube videos on supply/demand(courtesy of sam seiden) doubled her account trading crude in 3 weeks and went on to creating a $1/4 miliion account within the next 6 months! She continues to excel in a way ive NEVER seen replicated, a natural, pure and simple.

My best friend(I was best man at his wedding) has about the most simple system in the universe. He has about 30 markets he looks at. Qualifies good zones high/low on the perceived curve, places his trade with a 10:1 R:R and likes to travel about the world riding motorcycles with his wife. His winning % is abysmal by most standards( like 17%), but he routinely more than doubles his account every year and makes a darn good living working no more than 3 hours a week!

For me personally i can tell you that I spend very little time trading now. I swing trade very large TF's in the forex markets, trade ETF and various stock options(average trade length is about a month), and I spend about 1-2hours from 8-10am EST placing a few short term NY session futures trades and another hour around 7-8PM placing overnight trades in the futures markets for some Pac-asian markets. My hours are not conducive to london so I dont trade it.

Decide what you want in life my friend, what lengths you are willing to go to achieve it, and then do it. If you fall short then walk away or simply adjust your aspirations, NO REGRETS.


Good luck my friend

feel free to PM me if you ever want to talk

Wulf

Reply With Quote
The following 7 users say Thank You to FXwulf for this post:
 
(login for full post details)
  #158 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,652 given, 3,093 received

Thanks for the reply @FXwulf.

I guess I am depressed due to the continued illness.

I feel I am "almost there" (i.e. things are working) and here I go and blow 10%+ of my account. Agreed I began in a groggy state which was not the best for trading out of anyways, so I will let this one instance go and remind myself to trade only when fit.

I hope to join the ranks of the traders you listed AND spend lesser and lesser screen time so that I can be with my family.

I sincerely thank you for the wishes.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to iqgod for this post:
 
(login for full post details)
  #159 (permalink)
 tinkug112 
Vizag+india
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Nifty
 
tinkug112's Avatar
 
Posts: 90 since May 2012
Thanks: 110 given, 89 received

Very happy to see you Back IQGOD

@FXwulf very nicely written.



iqgod View Post
Thanks for the reply @FXwulf.

I guess I am depressed due to the continued illness.

I feel I am "almost there" (i.e. things are working) and here I go and blow 10%+ of my account. Agreed I began in a groggy state which was not the best for trading out of anyways, so I will let this one instance go and remind myself to trade only when fit.

I hope to join the ranks of the traders you listed AND spend lesser and lesser screen time so that I can be with my family.

I sincerely thank you for the wishes.


Reply With Quote
The following user says Thank You to tinkug112 for this post:
 
(login for full post details)
  #160 (permalink)
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received

Really great discussion here. I sympathize to IQGod and wish him well to recover soon both his health and his account! Wulf's story touched me too and I think what he did was to ultimately change many aspects of his personality to allow him to succeed in trading, rather than just "learn" it. Trading is simply analyzing psychology of masses, nothing more really.

As for intraday trading, I do believe trading longer term swings can be more suitable for more people, and perhaps more profitable too bar rare cases, but the problem with it is that experience building is very slow when you trade few times a week, as opposed few times or more a day. I consider my own intra-day trading being first and foremost an experience-building procedure rather than long-term life-style pattern.

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to xelaar for this post:
 
(login for full post details)
  #161 (permalink)
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
 
aquarian1's Avatar
 
Posts: 4,033 since Dec 2010
Thanks: 1,507 given, 2,585 received

I wish you and your family a speedy recovery.

Some strains of antibiotics are becoming ineffective as the chicken farmers - especially in India - feed antibiotics to the chickens like candy.

When antibiotics don't work garlic is an age old remedy.
You cut a peeled clove or two into little pieces and swallow it (you can add tomato sauce to mask the raw garlic edge).

Do this several times a day - like 3 plus

NOTE! - do not take garlic at the same time as your antibiotic! Wait 1.5 hour for the antibiotic to clear the stomach. The garlic will kill the antibiotic

Garlic contains sulfur compounds which aid the body in killing infections and is useful in a wide-range of infections.

As an example, it is used to help kill the c-diff intestinal bacteria (rampant is some hospitals and highly contagious - resulting in sever illness and death for those who are weak) to which antibiotics are now ineffective.

I hope it helps


==========
Digestive Disorders

C. diff
In this Article

Symptoms of C. diff
Risk Factors for C. diff
Treatments for C. diff
Preventing C. diff Infection

The average human digestive tract is home to as many as 1,000 species of microorganisms. Most of them are harmless -- or even helpful -- under normal circumstances. But when something upsets the balance of these organisms in your gut, otherwise harmless bacteria can grow out of control and make you sick. One of the worst offenders is a bacterium called Clostridium difficile(C. difficile, or C. diff). As the bacteria overgrow they release toxins that attack the lining of the intestines, causing a condition called Clostridium difficilecolitis.

Though relatively rare compared to other intestinal bacteria, C. diff is one of the most important causes of infectious diarrhea in the U.S.
Symptoms of C. diff

C. difficile infection can range from mild to life-threatening. Symptoms of mild cases include watery diarrhea, three or more times a day for several days, with abdominal pain or tenderness.

Symptoms of more severe C. diff infection include:

Watery diarrhea, up to 15 times each day
Severe abdominal pain
Loss of appetite
Fever
Blood or pus in the stool
Weight loss

In some cases, C. diff infection can lead to a hole in the intestines, which can be fatal if not treated immediately.

C. diff can be diagnosed by stool specimens tested for the toxins. In some cases, a colonoscopy may be needed for diagnosis and more tests ordered.
Risk Factors for C. diff

Although C. diff occasionally causes problems in healthy people, it is most likely to affect patients in hospitals or long-term care facilities. Most have conditions that require long-term treatment with antibiotics, which kill off other intestinal bacteria that keep C. diff in check. While use of any antibiotic can potentially lead to C. diff overgrowth, it most commonly occurs with the use of an antibiotic that is broad-spectrum, or able to kill a wide variety of bacteria. It also happens more often when multiple antibiotics are needed to fight infection and when the antibiotics need to be taken for a long period of time.
C. diff: Causes, Symptoms, and Treatments

..........
peace, love and joy to you
.........
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to aquarian1 for this post:


futures io Trading Community Trading Journals > A TopStepTrader's Real Money Combine


Last Updated on February 26, 2017


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 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