gretaro's 2014 - Trading Journals | futures io social day trading
futures io futures trading


gretaro's 2014
Updated: Views / Replies:1,914 / 25
Created: by gretaro Attachments:43

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 43  
 
Thread Tools Search this Thread
 

gretaro's 2014

  #1 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
gretaro's Avatar
 
Posts: 85 since Apr 2012
Thanks: 589 given, 101 received

gretaro's 2014

I have decided to start a new journal for 2014.

I want to start the year fresh and build on the things that I learned in 2013.

In 2014 my #1 goal is to become consistently profitable and move from sim to cash.

In 2014 I have to change the way I perceive my trading. I have to start thinking about it as a real job. As my future source of income. I have to think about the time spent as well spent, even though I am only sim trading. Now I often feel like I am wasting my time which leads me to rush things so I can go do some "real work". I have to think about my trading as a start up. Lot of time and money spent with no income in the hope of reaping the benefits later.

In 2014 I want to pass a TST combine giving me the choice to trade their money.

In 2014 my main focus will be 6E but since I will not always be able to trade in the mornings I might look at some other vehicle such as ES or CL which moves when it gets near dawn in the US.

In 2014 I am going to try to keep it simple. 1 or 2 indicators and a few lines. I want to trade small with a wide stop or big with a small stop depending on why I am taking the trade. It should be easier for my as a beginner to trade small with a wide stop so I should focus on that but keep the other possibility open.

In 2014 I ideally only want to take one trade a day. I will stop trading when my loss limit is hit or when my daily profit target is hit or exceeded.

In 2014 I want to be ambitious with my targets without being unrealistic.

Now for some G&T and a happy new year.

YES!
Reply With Quote
The following 3 users say Thank You to gretaro for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
gretaro's Avatar
 
Posts: 85 since Apr 2012
Thanks: 589 given, 101 received


I am thinking about starting the year by taking a Combine with TST. By doing that I want to set a bench mark as to where I am at and have something to compare with at year end.

I have done and have been looking at the 50K Combine. The reason: I want to be able to trade a size that allows me to make meaningful profits.

This is funny because I am not a profitable trader. Shouldn't my goal be to make money first.

Also in my other 50K Combines I have rarely traded bigger size than 2 cars and when I am trading sim I also rarely trade bigger. Also when I will switch to my live account I will not trade bigger than 1-2 cars to begin with. I think therefore that the 30K Combine is a better fit for me. Max 3 cars and lower profit target.

So should I do the 10 or the 20 day Combine. Less pressure if I do the 20 day I think. So I guess that is the way to go.

I am writing my trading plan and hope to finish it this weekend. Trying to keep it as simple as possible.

YES!
Reply With Quote
The following user says Thank You to gretaro for this post:
 
  #4 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
gretaro's Avatar
 
Posts: 85 since Apr 2012
Thanks: 589 given, 101 received

My first day trading in 2014 and my first day in a new TST 30K 20 day Combine.

This morning I thought that we would be testing higher. We had been going down for 2 days but seemed to have found a temporary support when I looked at the 1 hour chart. The ideal trade today would be to enter short somewhere around 1.3620 - 1.3630 I think but since I have decided not to trade more than 2-3 hours per day and price was far away from that area when I came to the market this morning I wanted to look for longs.

Took 2 trades today and ended with 11 ticks total on 1 car traded. Net $127.5.

My problem today was to cut the trades to soon. I entered the first trade long @1.3584 and took profit @1.3594. Before I entered I was thinking about 1.3600 as my target and possibly 1.3612 (the VPOC from Friday). I did not however have the guts to hold on. Was afraid to give up what I had.

Second trade I entered long @1.3607 and wanted to target 1.3618-1.3620 (Pivot). I bailed for a tick when price stalled again @1.3612 (VPOC from Friday).

Both these trades would have reached their targets if I had held on. I got the general direction right though and ended the day in the green without much risk taken but my max MAE was 1 tick for each trade.

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


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


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


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

YES!
Reply With Quote
The following user says Thank You to gretaro for this post:
 
  #5 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
gretaro's Avatar
 
Posts: 85 since Apr 2012
Thanks: 589 given, 101 received

Did not trade yesterday in the Combine. Tested the CL after the US open on my Sim and cleared 30 ticks in 5 trades with 1 looser. Took 3 trades in the 6E US session for 7 ticks, 1 looser and 2 winner. I am testing an more mechanical entry method and will see how that goes but too soon to tell.

Took one trade today in the Combine. See charts below. I came in late and missed the good move in the early morning and probably the easier trade short. I took my trade long just before the noon doldrums in the 6E and had to sit out an hour of no direction while the Brits went to have their lunch and a pint. I more than once thought about exiting the trade since I was not happy with my entry and the time I entered but thought that since I only had 5 ticks risk on the trade and a decent reason to be long I would sit it out. As before I took less than what I could have but I also had a good reason to take my profits. I will hopefully get better at judging when to exit the trade.

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


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


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


So net result was 9 ticks (with MAE of 4 ticks) for $112.5 less $5 in commissions or $107.5.

YES!
Reply With Quote
The following user says Thank You to gretaro for this post:
 
  #6 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
gretaro's Avatar
 
Posts: 85 since Apr 2012
Thanks: 589 given, 101 received

First trade today:

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


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


I decided to re short since I thought that the Pivot and the 50% level were still in play before going higher and price seemed to stall at 1.3670-71.

I was however impatient and did not wait for the best opportunity to enter and got a worse price as a result and not nearly as good risk reward on my trade.

Second trade:

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

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


First trade was a loss of 3 ticks and the second a win of 16 ticks so net today 13 ticks less $10 in commissions or $152,5 on 1 lot traded.

YES!
Reply With Quote
The following user says Thank You to gretaro for this post:
 
  #7 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
gretaro's Avatar
 
Posts: 85 since Apr 2012
Thanks: 589 given, 101 received

Sat at the screen mostly waiting for an opportunity to get short near the Pivot and Y-Close when price gets pushed up and through yesterdays high and the high 2 days ago. Did not think that would happen so soon in the session but what do I know.

Fortunately I was waiting for an entry and was not already short.

I was thinking short because during Asia price got stuck under Y-Close and then fell below the Pivot. Yesterdays VPOC is at 1.3646 and S1 is at 1.3641. I thought that we would test that area and then move upwards.

I think I have missed the move of the morning session and will not trade the rest. The danger is I might try to force something that is not there.

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

YES!
Reply With Quote
The following user says Thank You to gretaro for this post:
 
  #8 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
gretaro's Avatar
 
Posts: 85 since Apr 2012
Thanks: 589 given, 101 received

Have taken one trade today. Where there better opportunities earlier? Yes, but because of family and work I have to take the time to trade when I get the chance. Meaning I might have to trade at times that are not ideal.

Also I have not posted for a while. I have only traded 2 days since my last post but both of those days where bad. Total loss near 35 ticks. But that is in the past and no need to post those trades here.

What I find the most difficult is how and when to exit my trades if they move in the green. This is my biggest challenge. Entering and exiting for a loss when my stop gets hit is not a problem but making the right decision after the trade moves in my favor is much more difficult.

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

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

YES!
Reply With Quote
The following user says Thank You to gretaro for this post:
 
  #9 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
gretaro's Avatar
 
Posts: 85 since Apr 2012
Thanks: 589 given, 101 received

Second trade today:

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

YES!
Reply With Quote
The following user says Thank You to gretaro for this post:
 
  #10 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
gretaro's Avatar
 
Posts: 85 since Apr 2012
Thanks: 589 given, 101 received


My biggest problem?! I am scared.

One trade today.

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

YES!
Reply With Quote
The following user says Thank You to gretaro for this post:

Reply



futures io > > > gretaro's 2014

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
CME Fee changes 2014, significant impact Big Mike Reviews of Brokers and Data Feeds 221 April 13th, 2015 04:50 PM
2014 New Years Resolutions PandaWarrior Psychology and Money Management 16 January 1st, 2014 01:32 PM
gretaro's TopstepTrader Combine Journal gretaro Trading Journals 54 November 18th, 2013 04:43 PM
A Market Outlook For 2014 And Beyond: A Behaviorist's Perspective Quick Summary News and Current Events 0 November 9th, 2013 06:40 PM
Fed Expects to Keep Rates Low through at Least 2014 Quick Summary News and Current Events 0 January 25th, 2012 01:50 PM


All times are GMT -4. The time now is 12:19 PM.

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 2017-12-15 in 0.15 seconds with 20 queries on phoenix via your IP 54.226.34.209