Mergodon TopSteptrader Live Account Journaling - futures io
futures io futures trading



Mergodon TopSteptrader Live Account Journaling


Discussion in Trading Journals

Updated by fskhan
      Top Posters
    1. looks_one matevisky with 251 posts (1,268 thanks)
    2. looks_two bobwest with 15 posts (33 thanks)
    3. looks_3 GFIs1 with 13 posts (27 thanks)
    4. looks_4 ratfink with 13 posts (57 thanks)
      Best Posters
    1. looks_one matevisky with 5.1 thanks per post
    2. looks_two ratfink with 4.4 thanks per post
    3. looks_3 iqgod with 3.1 thanks per post
    4. looks_4 bobwest with 2.2 thanks per post
    1. trending_up 75,769 views
    2. thumb_up 1,759 thanks given
    3. group 76 followers
    1. forum 446 replies
    2. attach_file 166 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 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)

 
Thread Tools Search this Thread
 

Mergodon TopSteptrader Live Account Journaling

  #11 (permalink)
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 633 given, 1,531 received

Day 2. Too easy day, with a small win only

It was a very easy day, and I didnt hit the expected win. Ofc it is green, but there was much more in the market;( which makes me unhappy. See you tomorrow, I have to leave to grab the kids!

Máté
Full time traderLive journal here
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to matevisky for this post:

Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
82 thanks
June Charity Fundraiser - Feeding hungry families
47 thanks
FIO Journal Challenge - June 2020 edition w/SharkIndicators
35 thanks
Fixed vs trailing stops
31 thanks
AMP Futures / AMP Global Review
26 thanks
 
  #12 (permalink)
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 633 given, 1,531 received

Day 2 TopStepTrader combine report

Here is the report from yesterady

Máté
Full time traderLive journal here
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to matevisky for this post:
 
  #13 (permalink)
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 633 given, 1,531 received

Day 3 report


Still in green, after some storm, and missed opportunity. Overall I am happy


Máté
Full time traderLive journal here
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to matevisky for this post:
 
  #14 (permalink)
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 633 given, 1,531 received

Day 3 report

TST report

Máté
Full time traderLive journal here
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to matevisky for this post:
 
  #15 (permalink)
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 633 given, 1,531 received

Day 4 TST combine recap

It was a trend day. My goal was not winning but keep my risk as short as I can. I dont have experience in YM, and I dont have experience specially when YM is trending (my personal buddy is TF), so there was no reason for me to push the envelop too far. There will be more day which is in my favor, it is not a spring it is a marathoon (Thx mr. GFIs1 ).

So call this day as a BE. No major win, no major loss, only comission. Still in green:P, even when I dont have my edge:P

Máté
Full time traderLive journal here

Last edited by matevisky; February 6th, 2014 at 10:57 AM. Reason: correcting GFIs1 name
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to matevisky for this post:
 
  #16 (permalink)
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 633 given, 1,531 received

Day 4 report

A bit down for the expected avrage, and no loosing day still this time, but I am getting warm up. Just like the market, so no need to worry. I will continue my trades just like I am doing it right now, because no reason to change. More over I've got some hint based on GFIs1 how and when to trade the market, I am backtesting my first system called Mergo Lazy system for YM. Not a big deal, it is no against any rule, what I am doing right now, only I am choosing the entering and exiting time, very presicly, and I am not searching/fising any other trade during this time. Which makes me a happy camper.

Anyhow, we will see how it is going to worked out, but this is my first week with YM so the result will not push me to take unnecessery risk, when I dont feel it has to be taken
consistency > impulse


Máté
Full time traderLive journal here
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to matevisky for this post:
 
  #17 (permalink)
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 633 given, 1,531 received

Week 1 recap - failed combine

Yesterday was a black day on my combine trading history. I failed the challange, because I was not able to manage the 500USD daily risk. I know I have this weakness, to overtrade, and over think situation, yesterday, it was cleary shown, it is still there.
The starting position was weak as well. I was not doing my daily rutin at all. There was no music, no well defined trading arena, etc... But anyhow what was really missing is discipline and consistency and a plan to follow.

So what now you can ask... There is no question in my mind I will continue with a next challange, but I have to read the learnings first:
- I was bit feeling I am in the time pressure. I was comparing my results all the time with TF moves, and I was trying to force myself to trade, and move out from good trades before it is ending because it is YM and not TF. Solution: I will do a 20 days combine instead of 10. More time, more confident for me as well, and I believe with my motion and impulse moves it will be much better
- Coming back to impulse trades. Thanking to GFIs1 again I made some analysis on the YM. I have a pretty good approach when to trade and how to trade. So I am planing to make some trades in the market open with lower risk (2 contract), and only 1 trade based on GFIs1 methadology on the consolidation period, with a 3 contract.
- The timing of my trading is there only to avoid signal searching, when it is less likly to happen, so it helps me to dodge ot crazy situation and falling in love into them

All the other things doesnt have to be changed. I am keep sharping my brain, reading methadologies, journals (one of my favorite is Vince CL trades), and love to be here. So there is no question in my mind I will be successfull

Anyhow, Monday we will meet again my friends

Máté
Full time traderLive journal here
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to matevisky for this post:
 
  #18 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,047 since Feb 2012
Thanks: 5,114 given, 10,570 received


matevisky View Post
Yesterday was a black day on my combine trading history. I failed the challange, because I was not able to manage the 500USD daily risk. I know I have this weakness, to overtrade, and over think situation, yesterday, it was cleary shown, it is still there.

Good training though - and with some finetuning as you described it will work for sure.
Main point I read here is overtrading - this can put you under pressure too.
Traders under pressure often maked wrong decisions.

Happy weekend
GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
  #19 (permalink)
Budapest, Hungary
 
Experience: Intermediate
Platform: Ninjatrader
Broker: TopstepTrader
Trading: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 633 given, 1,531 received


GFIs1 View Post
Good training though - and with some finetuning as you described it will work for sure.

Main point I read here is overtrading - this can put you under pressure too.

Traders under pressure often maked wrong decisions.



Happy weekend

GFIs1


Yip and agree. No time pressure, based on your findings on dax i will choose good timewindow to trade YM. No distraction. Less trade less stress.

Have a nice weekend

Máté
Full time traderLive journal here
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to matevisky for this post:
 
  #20 (permalink)
Legendary Market Wizard
Cleveland Ohio/United States
 
Experience: Advanced
Platform: Tradestation
Broker: Tradestation, DeCarley, others
Trading: futures
 
Posts: 2,768 since Jul 2012
Thanks: 1,421 given, 5,326 received



matevisky View Post
Yesterday was a black day on my combine trading history. I failed the challange, because I was not able to manage the 500USD daily risk. I know I have this weakness, to overtrade, and over think situation, yesterday, it was cleary shown, it is still there.
The starting position was weak as well. I was not doing my daily rutin at all. There was no music, no well defined trading arena, etc... But anyhow what was really missing is discipline and consistency and a plan to follow.

So what now you can ask... There is no question in my mind I will continue with a next challange, but I have to read the learnings first:
- I was bit feeling I am in the time pressure. I was comparing my results all the time with TF moves, and I was trying to force myself to trade, and move out from good trades before it is ending because it is YM and not TF. Solution: I will do a 20 days combine instead of 10. More time, more confident for me as well, and I believe with my motion and impulse moves it will be much better
- Coming back to impulse trades. Thanking to GFIs1 again I made some analysis on the YM. I have a pretty good approach when to trade and how to trade. So I am planing to make some trades in the market open with lower risk (2 contract), and only 1 trade based on GFIs1 methadology on the consolidation period, with a 3 contract.
- The timing of my trading is there only to avoid signal searching, when it is less likly to happen, so it helps me to dodge ot crazy situation and falling in love into them

All the other things doesnt have to be changed. I am keep sharping my brain, reading methadologies, journals (one of my favorite is Vince CL trades), and love to be here. So there is no question in my mind I will be successfull

Anyhow, Monday we will meet again my friends


Sad to see this.



Here is some harsh advice. The brutal truth. I don't mean to offend you, but I do want to shake you up so you realize what's up:


In my opinion, your solution detailed above to the problem of exceeding the $500 daily loss limit is not a solution at all.

It is simple, really.

You exceeded the $500 Daily Loss Limit. This is absolutely 100% in your control - one of the only things in a Combine that is in your control.

If you cannot pass this requirement, you really should not be trading at all.

You need to come to grips why you did this, put a written plan in place to not do it again (hint: don't take any trades where you run the risk of hitting the limit - simple as that), and (most importantly) follow your plan!


All the other stuff is important only once you master this basic rule.


I wish you the best of luck. Again, I apologize if I came across harshly, but I am trying to help.

Follow me on Twitter Reply With Quote
The following 11 users say Thank You to kevinkdog for this post:



futures io Trading Community Trading Journals > Mergodon TopSteptrader Live Account Journaling




Upcoming Webinars and Events
 

Free BloodHound Licenses to everyone!

June
 

Every journal equals ten meals for the hungry

June
     



Copyright © 2020 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