Eclipsemf's ES Journey - futures io
futures io



Eclipsemf's ES Journey


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one eclipsemf with 70 posts (45 thanks)
    2. looks_two bd92154 with 3 posts (0 thanks)
    3. looks_3 Quick Summary with 1 posts (0 thanks)
    4. looks_4 ratfink with 1 posts (2 thanks)
    1. trending_up 7,955 views
    2. thumb_up 48 thanks given
    3. group 4 followers
    1. forum 75 posts
    2. attach_file 22 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
 

Eclipsemf's ES Journey

(login for full post details)
  #1 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I'm starting this journal on a public forum so I can keep my self accountable for my mistakes instead of making some BS excuse on why I'm not trading well. This is my second round of live trading the first round had me sitting down around 450$. Here is a brief intro from my first user intro.

Hey everybody! I am fairly new to trading and this site in general. I just want to share my experience so far and see if any one has any suggestions or points. I am however not they type of person that wants to be spoon fed everything! I have taught myself everything I know about the market up to this point, with a lot of research and videos to help.

Ill start with my current money situation in the market.I am 21 and I have my own account with $6000 in it with enough money to trade 1 contract of the S&P with a little wiggle room, with my max loss before a restructure is 500$. I have more money to throw at the market but I want to start off very slow and not get over my head trying to trade 4 or 5 contracts with out good results with one.


6 Months ago was when I really started getting serious with stocks, futures and currencies and had stumbled over a S&P Emini 500 video and instantly knew this is where I wanted to start. 2 months in I had still no idea where I was going with it besides playing around with some paper money accounts and loosing money with in them.

I then started to look at videos of other people trading the ES and quickly developed a method and set of charts that looked like a plate of pasta! I had so many indicators that I didnt know which one to believe when many of them told me different things.

3 Months in I completely got rid of that method and came up with a much simpler method and paper traded it with moderate success. I went to the real market with 1 contract and traded pretty constantly for 2 months with out making or loosing a bunch of money. I finally hit my 500$ restructure point.

Now in the last month I had signed up on futures.io (formerly BMT) and thats where it has changed a good bit in a positive direction! My slightly tweaked method from my last one consists of 2 indicators based off of the MACD and Momentum indicators that most people are familiar with. I have re programmed them to be what I want them to be but still have the meat and potatoes of the originals. But most of my trades are market structure based trades with the indicators as tools to back up my thoughts.

I traded this method with paper money and was up 18% in 1 month at my maximum point so I felt comfortable enough to go back to real money. 4/14 is my starting day and will be posting an update every day that I trade, most days ill try to include my entry and exit points but I will defiantly have my one thing I am looking to improve on for the next day.

My next move if I cant put this strategy to practice will be to get an elite membership so I can browse the consultants, so I can get some one to talk one on one and discuss what I have and where I might wanna go from here.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 5 users say Thank You to eclipsemf for this post:

Can you help answer these questions
from other members on futures io?
EasyLanguage: fetch option price using Stock ticker
EasyLanguage Programming
Futures education program reviews
Trading Reviews and Vendors
need help writing easylanguage radarscreen weekly perfor …
EasyLanguage Programming
Weather services for trading NG
Trading Reviews and Vendors
Multichart NET set signal parameters different than the …
MultiCharts
 
Best Threads (Most Thanked)
in the last 7 days on futures io
How much do you know about Bitcoin?
129 thanks
I finally blew up an account
40 thanks
Big Mike in Ecuador
28 thanks
EdgeProX from Edge Clear
24 thanks
The tiyfTradePlanFactory indicator
22 thanks
 
(login for full post details)
  #3 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received


My trading hours right now are from 9 to 12 EST and will probably stay around that for a while, I have another job that I am trying to maintain in case this does not work out, but I am very optimistic as long as I can keep my emotions in check and continue to make fewer mistakes. My Current Stop is set at 6 tics and Limit is set at 9 tics with potential to be much larger depending on some condition I have set up, but I will never be risking more than 75$ per trade at this time. During Testing I was over 60% win percentage with this in paper so I will see how it transforms once I get more live time. 500$ loss is my 2nd restructure point and 150$ is max loss for a day at this point.

Today I had 2 trades filled, shown in the attached pictures. Both were short positions and turned out to be loses.

Trade number 1 was a non indicated trade not based off of my ROE system and not how I should be starting out discipline wise. I was up 87.50 on the trade but it did not make it to my target of 112.50. In hind sight I should have moved my stops to at least break even when the trade came that close to my limit.

Trade number 2 was an indicated trade but I completely over looked that 1 of the S&R lines had the trade pretty much bound to it and could not get a closed bar below it. This trade I was only up 37.50 so my stop was not moving and exit strategy worked as the market moved higher after I got out of the position.

Things to do for next trade day: Be slightly more protective of profit when market is less than 3 tics of hitting my limit order and keep a better eye on the S&R lines I have set up (they are there for a reason!) lastly to remember to read my ROE and have it right in the open for the full trading day to make sure I don't slip up again.


Overall I am happy with the progress I made despite the loss. Tomorrow I will be back at it and I will show you guys my spread sheet (based off of a few members on here)


PS: the chart graph arrows... Yellow is entry point, Red is exit point as a loss, Green is exit point as a profit.

Attached Thumbnails
Click image for larger version

Name:	April 14th Account.png
Views:	135
Size:	31.1 KB
ID:	143855   Click image for larger version

Name:	April 14th.png
Views:	168
Size:	99.1 KB
ID:	143860  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #4 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I didnt get a chance to really trade yesterday I had a free class with Jason Stapleton who is an excellent teacher and I am always learning from him. I placed one Trade today at 9:45 and got out for a 75$ loss almost instantly. I'm not going to trade for the rest of the day because the market is gaping too much in my 3 minute time interval to get a good entry point with such shallow stops set up.

Not much to learn from today beside knowing when and when not to try to run with the big boys. One good thing is I am doing very well at not letting my emotions blow up. I have been staying very calm when in trades even though they have been going against me so far.

I have attached 2 pictures of my spread sheet along with the downloadable attachment , its pretty basic and is best to be used for futures but feel free to tweak it as you feel or if you have any questions or pick up on any errors feel free to let me know, I havent done much testing on it so there could be things off. There are also totals down at 271 along with the ones to the right. I would like to thank @PandaWarrior for sharing his spread sheet with everyone. This is based off of his I just changed a few things to make it fit what I needed out of it.

Attached Thumbnails
Click image for larger version

Name:	Spread 1.png
Views:	99
Size:	160.6 KB
ID:	144038   Click image for larger version

Name:	Spread 2.png
Views:	130
Size:	192.8 KB
ID:	144039  
Attached Files
Register to download File Type: xls Real Trading Tracking.xls (351.5 KB, 18 views)
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #5 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Today was yet another bad day the market is still gaping to much for me to successfully trade my method. I took a 75$ loss today and will have to wait till tomorrow to give another stab at it. I attached a picture where I took the trade, I was expecting it to take to the upside around 1858 but it turned over as soon as I got in. Both my indicators were in the positive when I took the trade but by the time the bar closed they had both moved back in to the red. The market would end up moving up the where I expected just an hour or so after I had anticipated.

Things to take from today: Again like yesterday I need to realize when the market is very volatile and is moving too much for me to trade it. I am debating not trading till 10 to let the first 30 minute rush go so I can see where the market is going from there and how fast. 3 loosing days in a row has me a little down but I'm not ready to give up I just think the market movement this week is n tot in my favor.

Attached Thumbnails
Click image for larger version

Name:	April 17th.png
Views:	86
Size:	329.5 KB
ID:	144162  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #6 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Just to keep this up to date, I got a good raise at my job so right now this will be on the back burner, I continue to back test everyday after work and look for potential areas to improve on in hindsight. I realize this is no good substitute for live trading or even paper trading for that matter but I am just rolling with what my life gives me right now. I will be upgrading my account to an elite member in the coming weeks so I can further advance my knowledge!

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #7 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Today I have my fully revised plan in place. I am now going to start my final back testing session from the start of this year to see my results. If they are promising I am going to use TD ameritrades On demand to practice discipline with semi live data ( the past days data, where I have to work during the days. I will post an update again once I get my back testing done!

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #8 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Things at work are slowing up again for the rest if the year until spring time so I will have a lot more time to put towards this. I have all this week off besides Friday and I will be live trading all day week. Today I did a final revision of the trading plan and made sure all of my charts and spreadsheets were up to par still. I took the first trade of the morning right at 9:30 and quickly got out at 9:37 at my R1 level for a solid 150$ profit and a 1.19% ROI on that trade! A very promising start to my third trip around the block. I will post another update from tomorrows trading session.

Things to take from today: Follow the exit strategy a little more firmly, I left 2 points in the market on my first trade if I had stuck 100% to the plan. I let a little emotion come out which made me exit early, but the profit was nice still. At 10:06 the second trade opportunity came up and I passed on it because I did not like the setup. This would have been a small 2 to 3 tic profit based off of my exit strategy. I will continue to work on these small things so I can make the most of this trading strategy.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #9 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Another successful day! I have to stop a bit early to head off to work but I am still happy with the results. 2 trades today with a 75$ profit. Trade one I got stopped out 12.50 Profit only for it to shoot up but this week I am only trading 1 contract to make sure I have my execution down pat. With 2 contracts the runner would have caught a lot more profit on that trade. Trade number 2 was a nail bitter! This trade was over 20 minutes long and stuck in consolidation, it finally pulled in my direction just enough to pull 1.25 points out of the market and exit for the day. That puts me at 1.70% increase in my account in just 2 days! Very happy with all my execution and discipline. I was much more calm today and the only thing else I feel like I need to really work on is getting everything set up to go to trading 2 contracts after I start full time October 6th!

Attached Thumbnails
Click image for larger version

Name:	Sept 16th Bal.png
Views:	80
Size:	49.5 KB
ID:	156717  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #10 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received


Well we have hit day 3 in a row with profits! Today was just a small day because there was very low volume with in the market due to all the news being expected. Just a 62.50$ but that puts me at 2.17% up in 3 days which is still not bad working towards my overall goal. Coming in to the beginning of this round I set my monthly goals to loose no more than 10% of my account during the first 3 months so this is a very good start to give me a little leeway in making a few rookie mistakes and ironing out my flaws while I work on consistency with 1 contract before I move on to working with 2. The only thing I would have changed from today is be a little more patient. My entry point was perfect but I may have trailed my profit a little close. I would have banked another 50$ or so but with the low volume I was trying to be real conservative and not take a loss in these market conditions.

Tomorrow is my last day of trading for the week and then I will have to go back to working during the morning 3-4 days a week until I get to October 6th when I plan on starting 5 days a week and only working after noon.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #11 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Today was a very short day of trading. I got called back in to work a day early so I could only take the first trade of the day this morning which happened to be right at 9:30. It was a quick profit of 112.50$! which I had gotten out right at the bottom of the market so I had the stop placed exactly where it should have been. That concludes this week of trading with just 1 contract. I will still be trading as much as I can when i have days or even mornings off, until I start full time. For this 4 day period I made $365.80 which is 3.05% of my account currently which I am very please with. I have nothing I would want to change from today. I executed everything according to plan and turned out for a smooth trade!

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #12 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

So with the small success I had last week trading I decided to finally upgrade to and Elite member on here! There was a lot of info I felt I was missing out on! I will still probably keep this journal going instead of moving it to the elite section unless there is an easy way to go about it. Hopefully I will have a little time off here and there before October to do a little more trading before it becomes a "full time" thing.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #13 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

My boss has been seeing some of the little success I am having so he is working on giving me as much time to trade in the mornings as he can. It pretty much gives me the first hour to hour and a half but it will do for now! I have a little bit of a hectic morning 30 minutes before the market opened, right as I logged on to my computer my router decided to take a dump. So I ran to staples and back and had the new one up and running 12 minutes before the market opened! I thought about taking this as an omen that it was going to be a bad day and not trade but I know what my back testing results are and decided to take any trades that had the proper set up.

I ended up just taking the first trade of the market around 9:36 for a quick profit of $112.50 that puts me at 5 days in a row in the green! and just shy of 4% growth over that span! And I got out just in time for the market to slam in to some heavy consolidation! Ill be back with an update tomorrow if I get the chance. I also wanted to ad that this trade had very little emotion put in to it which I see as a great step forward! Getting the emotions out of it was my biggest hurdle and it seems to be diapering very fast!

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #14 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Today was another perfect open to the market! Took another 112.50 out of the market and puts me almost half way to up sizing my position to 2 contracts so I can have a runner and take advantage of some of the profit I leave on the table: today for example with out a runner I left 1.75 more points on the table if I had let this 1 contract run to my exit point. But where I am just starting I figures the security of having a fixed exit would be for the better. My entry in to the market again was just how I had practiced and no longer have any hesitation. Although I did miss a good set up while writing this but I didnt have enough time to stay in it because I have to leave for work, but I can not complain with what I have done in this little amount of time!

As far as the psychology goes I have been making leaps and bounds over the last week. I know it does make it easier that I am on good winning streak but I started measuring my heart rate before during and after the trade and it stayed exactly the same (72 BPM). It may be a little high but at least it is staying consistent which I am very happy with because it am not getting any "rush" from entering trades which is awesome.

6Day totals 577.12 Profit at 4.81% increase!

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #15 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

We had yet another perfect open to the market! I got both of my go signals right at at 9:30 and finally got filled at 9:33 When it finally dropped to where I wanted it, I made sure to not chase the market on this trade as I figured it was going to be very quick and volatile. I got out 1 tic below the high of the morning market, but this time I managed to squeeze a little more money out of it for a 150$ profit putting my total account growth to 6% in just 7 days. I had a lot of people saying that these type of results were not possible but I believed what my back testing results showed and decided to pursuit it. But I do understand that complacency can kill in this line of work and the market can humble at any point with no remorse. Even though I have been on an incredible run these past days but I do expect to take losses roughly 25% of the time if I execute perfectly according to my back testing results over the long haul.

I do have all day to trade but I think that is all I am doing because the market has started moving a lot in very little time periods and I know from past experiences not to mess with it! Hopefully I will be back at it tomorrow!


And for anyone that is newer in this market and wants to try to emulate my method I will tell you not to copy what you see in the first few attachments that I posted my older version of this method. It may result in some profit but it may not be sustainable over the long run!



I have attached a picture of my updated spread sheet with my data up to this mornings trade.

Attached Thumbnails
Click image for larger version

Name:	Sept 24th Spread.png
Views:	87
Size:	203.9 KB
ID:	157988  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #16 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I took my first loss today! Just a small 75$ loss which is to be expected with this type of business. My execution was perfect there just happen to be a small pull back that proved to be too big for my smaller stop loss that was in place. If I had my stop loss about twice the size I would have lived through the trade and turned a good profit as the market went right down to where I had expected, but having that larger of a stop is not with in my trading plan. Although it was a losing trade I am still happy with my execution and calm manner when the trade started to turn against me.

After the trade had completed I am a little frustrated that I was completely right on the direction and magnitude of the decline of the market. I did have a small urge to get back in the market because I knew what it was going to do but didnt because I know that that is completely against my trading plan and I know if I do not practice good discipline I know I stand no chance of succeeding in this business.

I am watching the market until 11 so I will update this as needed if another trade opportunity comes up.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #17 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Another morning of good trading with a positive outcome! I took another 2 and a quarter points out of the market, which is a nice rebound from the loosing trade I took last Thursday. This puts me at a new high of 6.2% total profit! Today was a good try of my patience as the market quickly pulled away from where I wanted to enter but it happened to come back down to my point and was glad I didnt chase it because I would have been stopped out if I were just one more tic higher on my entry. Sometimes a little luck never hurts!

And just a little information for my future in trading. I am still going full time with this starting October 6th so one week from the posting of this. I currently am only taking one to two trades per day but I will be taking every executable trade from 9:30 to noon once its Oct. 6th or my account has increased but 10% which ever comes last. After at least another 5% (15%) total I will be increasing my position size to 2 contracts so I can take advantage of a runner which would have gone along way in this mornings market. That would put my account roughly at 14k give or take. I will be trading like that with a 6k delta, so every 6k more my account increases I will add another contract after I evaluate my plan again to make sure I feel comfortable increasing it at the point. That would put me trading 3 contracts by 20k worth of account value. I will be back with another update post tomorrow.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #18 (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

Nice job journaling @eclipsemf.

I want to let you and all your readers know that in October futures.io (formerly BMT) has a Trading Journal contest w/prizes. The contest runs October 1 to October 31, and the three best journals (as decided by futures.io (formerly BMT) members) will receive a 150K combine from TopstepTrader.

The contest thread is here:



That thread will be open for posting starting Wednesday, October 1. As the author of your journal, you need to make a post in that thread linking to your journal, and then ask users to press the "Thanks" button on that post if they want to vote for your journal to win the contest.

Members can vote for as many different journals as they want. Votes are cast in the Contest thread only, and only on the first post made by the author of the journal that contains a link to their journal. This is done so I can easily count the "Thanks Received" by author/journal, and award the three prizes.

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)
  #19 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Took another 75$ loss this morning. This one was largely to blame on a mistake I made rather than my setups. I know I have to be cautions when there is a larger gap bear with in the last 10 of the premarket as that will cause some initial set up problems for entering my trade. I completely over looked a 3 point bar that was 8 bars before the market opened which gave me a false signal when the market opened. I ended up taking the trade because I missed seeing that this morning which was cause for the loss. I will be watching till 10:30 and will re post if anything new comes up.

A little after I posted this I got the market turn around I was expecting but I missed entry by a quarter point from where I wanted to get in, because I never want to be chasing the market as I know I will loose money that way! With that being said I am done for the day because I dont wanna get the urge to revenge trade because I missed one trade and screwed up on another one. Done for the day will be back tomorrow.

One thing I want to comment on from today is my work ethic side of this discipline. I have never been late or missed a day of work in my normal 8-4 jobs that I have had to this point, which would make it hard to skip a day of trading. I am currently a little under the weather with a small head cold. I think I really need to add a clause in my trading business plan for days off as needed if not feeling 100%. I always want to push through regardless of my ailment but I think in the business where there is a lot more thinking than my other jobs I need to slow my roll when it comes to going to work just because of my my pride got in the way and really do what is best for me that moment!

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #20 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I took one of the first trades of the morning which I had to chase just a little, 1 tic to get filled. Everything I was watching supported a big down slide in the market to start so I figured it was worth a small chase. The market actually was moving too fast for me to move my limit orders to take more profit out of the market so I only managed to get 2.25 points from this mornings large slide. I was feeling much better this morning so I decided to take to the market instead of taking a day off. Hopefully tomorrow I can get another winning trade so I can get out of this little funk of just swapping wins and losses every other day, even though my account will still grow slightly this way. I need to call it quits for the day and go to my other work, but when I get back my next update will be a reflection of my September results so stay tuned for that!

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #21 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I'm going to be posting monthly results on her also to trade my overall performance and as an easier way to see how I do in between months instead of looking at all my daily data.

10 Days traded
11 Trades 8 Wins 2 Losses and 1 Break even
Win Percentage 81.82%
Avg Win 98.61$
Commission as a % of profit 11.36%
Total Net Points 14.75
662.26$ profit at a 5.52% return on investment


I also have attached my equity curve from the beginning of the month.

I forgot to add my personal progress over the month. Over all I am very happy with the progress I made, my discipline improve very very fast with only 1 slip up over the time. I have almost fully eliminated my emotions when placing a trade. The only thing I would really like to work on in the next month is working on getting in multiple trades in a day. So far I have pretty much only been taking 1 trade per day but I know if I want to grow my account faster I will need to start taking all trades from 9:30 to noon like my trading plan says. I just am working on getting over the fact that I could give back the money I had just made potentially just minutes before the second trade comes up. But overall I am very happy and my 3 month goal was to be down no more than 1200$ so I think I am doing good even though I know a lot could change in little time.

Attached Thumbnails
Click image for larger version

Name:	Sept End.png
Views:	70
Size:	153.6 KB
ID:	159417  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #22 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Rough day on the market today! Missed a fill on the first trade of the morning but 1 tic which would have gone to my target but no sweat I waited for the second trade. Got in this but had the market reverse right as I moved my stop to break even. Thankfully I got out then because if I hadnt moved it to break even I would have lost money on it! So I made a whole .04% today! I think I will probably be done trading it doesnt look like a good market for me to be trading my system in but I will continue to watch it for a little while.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #23 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Took the first trade of the morning and pulled another 2.5 points out of the market. This is getting me closer to my goals stated in the previous posts of hitting 10% and 15% to move on the my next steps of the process. This concludes the third full week of trade besides missing 2 Fridays. (13 days traded) I am now up 7.43%!

Today I also went out to Staples and gathered some new things for my office. I am going to start printing out my daily futures statements and keeping them in a binder along with the monthly statements to make taxes easier. I will also be keeping track of any expenses related to trading to use as a write off.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #24 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I don't like the set ups on the market this morning so I am going to just stop trading before I get my self way down on the day. Took a 75$ loss right in the open. The trade had initially been 75$ in my favor, 1 tic away from me moving to break even(87.50) when it reversed to go to where I had thought it would have been going after 10 and not right off at the open. Just another day in the business. Even with this style of trade I still remanded very emotionless which was excellent!


Today since I am now a full time trader (9-noon) I am going to look at other futures markets and do basic back testing on them to see which other ones look good to pick trades up on when i get going with some more capitol. Also a little back testing on /es to see if I can pick up on the morning direction better.

Update within an update. Just spent the last 2 hours and just picked up the art of Auction Market Theory and using that to determine Support and Resistance levels and so far looking at it it will be a huge help to put this in tandem with my entry strategy! I have already been able to call the market direction just knowing how to use it for about an hour. Lunch time now but I will continue to advance my knowledge on in through out to week so I can fully ad this to my strategy hopefully as soon as next week to help me determine more precise exits on my trades!

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #25 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Well I took 112.50 out of the market today right after 10 hit. I went long and was planing on holding this one for a while because I knew it had a huge gap to fill from the yesterday and the nights run. I was quickly up 87.50 which is where I bring it to break even so its basically a free trade at that point, and a win is a win. at this point I set my target at 4 points from my entry to see it come right down to test where I had set my stop. Luckily it didn't hit it. after that I felt like i may have made an error when looking at the data so I moved my profit to 112.50 which it quickly hit. I was very nervous in this trade for the first time since I started trading on the 15th of September. The market did end up going to my 4 pt target but I made money so I am happy! Up 7.63% now and over 900$.


But then to my emotional side of this trade. Yesterday I had a meeting with my boss and he said if I wanted to keep having the morning off to trade that I would need to take a cut in salary. I thought about this for a while and looked back at the 1800 Hours of research and back testing I have put in since August of 2013 and decided I was comfortable enough with my back testing, paper trading and now a small sample size of live trading results to go pursuit this to its fullest. I will be loosing over 150$ a week in straight pay along with some other small benefits but once I hit my 15% target to go all in with my plan I feel comfortable that I can compensate for that and then some for the slight decrease. I know most people probably wouldn't go for this with such a small sample size of live data but where I am only 22 I feel like if I cant make it through the winter with this method I wont be ruining the rest of my life with this one decision. If it happens to go my way then that's great if not I can pick the full time job up in April of 2014 if I so choose that route.

I just wanna say thanks to everyone that views this trading journal regularly. It really keeps me in line to make sure I am not leaving out anything and am following my trading plans as close as I can! I will be back tomorrow with another update!


While I keep working till noon today I plan on watching the market to just learn a little more on its movement. Screen time wont hurt at this point. I will also be going back over my business plan just to revise it as needed based on my time in the live markets to see if any of my goals are unrealistic or if I feel like they still are attainable.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #26 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Took a loss this morning of 75$ which was on a pull back. 3 of my 4 losses and 1 of my break evens have been from a pull back when I entered on the first bar of the marked and it made 1 counter trend bar with in the next 3 bars. That's just how I am defining it I know people will have their own interpretations of it. But because of this I decided to review my trading plan for entering that early in the morning. All but 4 of my trade have been before 9:42 so I don't want to just stop trading this time period because if traded correctly it can be very profitable but I think in the near future I will be adjusting my stops losses until I get past the first 4 3 minute bars of the morning. I back tested the YTD and found there were 36 mornings where there was a pull back that would have caused me to loose out on a good trade. of these trades 19 of them where only by 2 tics! The other 17 were spread out from 3 to 7 tics, with 4 having the most out of the grouping.

I set my profit per at 100$ and ran the numbers to see if it was worth it to move it way down to 7 tics or where that point would be best at. I discovered anything over 2 tic below the first 3 minute bar would make me money in the long run. Moving it just 2 (well technically 3) below would increase my profit by 1550$ and dropping it down to 3 tics or more could still increase my profit more at as much as 750$. The amount of potential new profit is not enough for me to go an change my methodology right off and adding a bunch more risk even though in hind sight it looks to be a positive move. The only thing that this doesn't factor in is actual trend reversals in the period which I will look at but might turn it around to be a loosing endeavor and best to just keep it how it is right now.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #27 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Took my first back to back days with losses. It was inevitable that it would come at some point so I'm not worried. Still up a healthy profit to keep me trading how I know will work out in the long run. This was just another one I got caught up in the pull back that proved too big for my stop loss. I dont have much more to say for today. I will continue to watch the market until noon as usual. But unless I have a miracle Friday I will more than likely end up with a losing week as well. Thats it for today I will be back tomorrow with another update.


And sorry for the lack of visuals. I plan on putting more out, preferably daily. I just need to get over this cold and get caught up on some of my outside work and I will start displaying more for you guys to look at besides just a bunch of ramble.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #28 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I haven't posted for a while due to a busy schedule and the lack of trading. I watched the market on Friday but saw it gaping very large to begin the morning and knew thats where I had lost money that week so I decided to not place any trades which looks like it was a good idea because I am not sure how any of them would have worked out looking at charts. I also chose not to trade Monday being a holiday and decided to give my self a 3 day weekend.

10/14: It seems like my account is in free fall mode! just took my third loss in a row and my 4th in my last 5 trades. All of them have been on early morning pull backs so I think I'm am going to stop trading the first 9 minutes of the market because these pull backs are killing me right now. I know there are going to be some substantial draw downs but this one shouldnt be happening as all of my directions are correct I just cant seem to get in them when the time is right and I always get stopped out early. I am not any where to giving up on this method but its just frustrating knowing where some of my statistics should be and where they currently are. I am going to stop trading for today but when I get back form work I am going to go over every loosing trade to see if there is something obvious I can pick out with the draw downs and try to eliminate them or at least minimize the.

Most of my trades with in my paper trading run where just due to inexperience with the method so I had poor execution but now I have to put up with another obstacle. I guess I was getting too complacent this early and the market is just sending me a reminder that the journey will not be easy! Back again tomorrow!

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #29 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

So I spent a good time this evening going back through my logged back tests and the On Demand feature on TD Ameritrade to try to see why I was having trouble with these pull backs and if there was anything I could remedy to get away from taking all these losses with this issue. I quickly realized that if the market pre 9:30 was not in a tread based off of my rules that there was more likely to be a pull back and a loosing trade. So I have a new rule to my system! If the pre market is not in trend (consolidation) 9 minutes before the market that I will NOT be taking the opening trade that I get. Just by following this rule I would have eliminated 75% of the losses that were in my back testing that related to pull backs! So this makes me very happy that I can just protect myself just a little more.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #30 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Today I know I am not going to take a trade. Looking at the volatility today I know my small stops will get destroyed if I try to place a trade. But today does mark my first full month in the market! I am up 5.58% which is a very small increase since the end of September and a pretty big slide since I hit October 6th when I said I was calling it "full time". But I'm not going to complain about that large of an increase in my first month as a trader. Hopefully with my down time I will have everything set up for my trade set up visuals so you guys can see when and where I take my trades starting Tuesday (Monday I need to take off) at the latest.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #31 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Took my 4th loss in a row today which put me under 5% gains again. My small stops are no match for this market so I am going to stop trading now to limit the damage and go back to paper trading to just work on my craft some more and wait until the volatility slows calms down. I have seen a lot of people with small stops getting killed out there with no limits on losses or anything, so I wanna make sure I don't go giving back all my money I just earned by making stupid mistakes. Once I get a small run on paper trading ill head back to the real thing again.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #32 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Today I took to paper trading because I saw the market was very volatile again and new my current method and stop set up would no work at all. Last night I was working on some small back testing samples for a big tweak in my method to compensate only when the markets are going crazy like they are and have been recently. I know you can not survive in this business if you can not adapt to the current market conditions quickly. Now the market has been trending pretty good today but the bars have still been way to large to compete with point and a half stops. So I turned to range bars in paper money with the bar range set at a small 5 tics. I did not change anything else with my method just the chart to range instead of 3 minute bars. I took all the trades that came up from 9:30 to 10:30 and even with this crazy market managed to pull in 712.50$ with just a 12k account! If the market stays like this next week I am going to paper trade this the rest of the week and the following week if I like it I will take it live depending on the market conditions by then!

No update on Monday as I will not be watching the market but back on Tuesday!

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #33 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I didn't get a chance to trade yesterday due to some work constraints, but with the weather being out for the rest of the week I will be working on testing my new tweak with the market in its very volatile state. I did some more paper trading today and took 412.50 out of the market which is another great gain. I already feel very good with the execution of this tweak but I wanna make sure I get it down before I take it live so ill trade for the rest of the week and see what its goes like.

I really wanna go all in because I know this tweak will work great with the volatility but I am trying hard to not get ahead of myself.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #34 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I decided to go back to live trading because the market had seemed to slow down and my pre market conditions were met so I was ready to trade. I passed on my first signal because the market was coming out of a block of consolidation and I knew there could be a good pull back that would kill me. I decided to take my second signal of the morning but I failed to see it was still in my "pullback" window, which is the first 12 minutes from open. So needless to say I took my fifth loss in a row and 6 out of my last 7. This one wasnt due to the market volatility, even though all losses are my fault regardless, this one was just a mistake on my part and I will plan on making sure to watch out way more for that first 12 minutes if the market is in consolidation.


After I took this loss I went right back to paper trading to work on trading my full method for when I get ready to trade 2 contracts. I made 3 trades and pulled in 337.50 more profit which is well over 10% in the 3 days I have paper traded but something is still holding me back from doing this in the real market for some reason. I wish I could get over it because it is really slowing my progress.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #35 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Went back to live trading today because the market seems to be getting a little calmer. I am now holding out for the first 12 minutes from open for a while still though. I missed a fill on my first trade by half a point would have been a brake even trade. Second trade I got filled and was in the direction I thought the second move would come too. I moved my stop to break even once I was up 87.5 to only be stopped out and have the market continue up to where I had my target set But anything that isnt a loss is a good day so I cannot complain. I feel like I am starting to figure the moves of the market better had called all of this mornings actions spot on! Back tomorrow!

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to eclipsemf for this post:
 
(login for full post details)
  #36 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Took another loss today that market did not take as big of swing as I had thought it was going to. I had no emotion going in to or during but once I got stopped out it kinda hit hard. I will attach an equity curve that I have had since I started. I clearly need to change something up soon or else I am going to just blow my account up. Thankfully I started with an incredible run so these losses aren't taking money out of my initial investment. But I have been working on my other tweak and I hopefully will be finished with my testing tonight so I should have a good idea on which I should go to. The new one has me in a lot more trades but my targets will be smaller. I think that will be the way I am going to trade until I see the market start putting in nice trends like it did for most of September.



I have attached 3 things with this post. 1 is my equity curve in live trading since September 15th, 2 is my old chart that I was watching and taking a bunch of losses in October, 3 is the new chart that I will hopefully be watching and live trading off of very soon.

Attached Thumbnails
Click image for larger version

Name:	The Decline.png
Views:	64
Size:	160.8 KB
ID:	163737   Click image for larger version

Name:	Oct 28thh.png
Views:	58
Size:	130.8 KB
ID:	163738   Click image for larger version

Name:	Oct 28th.png
Views:	66
Size:	140.0 KB
ID:	163739  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #37 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Well today I broke even plus 1. This was all completely my fault I didnt follow my rules when setting my stop to break even. If I had let it go I would have hit my full target and probably then some if I had wanted. I think the only reason I second guessed myself is because I have been on a bad streak here. Normally I know I would have been fine and stayed with my rules.

This just goes to show no matter what you are going through in the market if you have a plan that you know it works STICK WITH IT! That's all I have today.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #38 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Took no trades today because TD decided to be a piece of $*** for the first time. I had the short of the morning setting up perfect. I tried to get filled 3 TIMES and all three is denied to fill and instantly took my order off the ladder. I have never had this happen I restarted the program but by the time that had happened I had already missed my move.

I was aiming for a 1972.25 Fill and my target was at 1969.75 which right at 10 it blew right past that, so it was just what I needed to build a little of my confidence back up so I can rebound from this decline I am in. I'm not sure what I am going to do right now, I might take a week or two off just to regroup and clear my mind. I really hate to because this has been my dream since I was 17 in High school and I KNOW I am so close to being where I want to be. But it might be the best thing for me at this point. Might have an update tomorrow.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #39 (permalink)
 bd92154 
San Diego
 
Experience: Intermediate
Platform: NinjaTrader/Think or Swim
Broker: TDA/Interactive Brokers/ Data Feed TDA & IBK ( Dropped Kinetick)
Trading: Stocks NASDAQ
 
bd92154's Avatar
 
Posts: 1,058 since May 2011
Thanks: 1,542 given, 448 received


eclipsemf View Post
Took no trades today because TD decided to be a piece of $*** for the first time. I had the short of the morning setting up perfect. I tried to get filled 3 TIMES and all three is denied to fill and instantly took my order off the ladder. I have never had this happen I restarted the program but by the time that had happened I had already missed my move.

I was aiming for a 1972.25 Fill and my target was at 1969.75 which right at 10 it blew right past that, so it was just what I needed to build a little of my confidence back up so I can rebound from this decline I am in. I'm not sure what I am going to do right now, I might take a week or two off just to regroup and clear my mind. I really hate to because this has been my dream since I was 17 in High school and I KNOW I am so close to being where I want to be. But it might be the best thing for me at this point. Might have an update tomorrow.

You may want to check a few things with TD.

All your trading agreements and surveys filed, and you meet the margin requirements for the trades you wanted to enter.

Can't remember but I think there is a Fill or Kill option for entering orders also, just some ideas on maybe why you had a hiccup today.

And yes TD software drops the load regularly, so it could have been that also. Keep the phone number to your TD Broker handy for the day when you TD Software misbehaves when you are in a trade.

Since you are with TD be sure to renegotiate your brokerage fee once you start averaging 10 or more round trip trades a day. I found out about this after a year of active trading. OOPS lots of money down the drain that year.

Hope this helps and at least you were ready to trade that is commendable. Thank you.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #40 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received


bd92154 View Post
You may want to check a few things with TD.

All your trading agreements and surveys filed, and you meet the margin requirements for the trades you wanted to enter.

Can't remember but I think there is a Fill or Kill option for entering orders also, just some ideas on maybe why you had a hiccup today.

And yes TD software drops the load regularly, so it could have been that also. Keep the phone number to your TD Broker handy for the day when you TD Software misbehaves when you are in a trade.

Since you are with TD be sure to renegotiate your brokerage fee once you start averaging 10 or more round trip trades a day. I found out about this after a year of active trading. OOPS lots of money down the drain that year.

Hope this helps and at least you were ready to trade that is commendable. Thank you.

Thanks @bd92154 for the reply, I made sure to check all of my margin requirements and that was all set. TD thought it was just a small hiccup with the program because they had me restart the program and I was all set to go! I also got your PM a little while back and right now for my round trip I am paying $6.84 per contract which is a good amount but until I can truly trade every day full time I'm sure they wont wanna help me out there. But I appreciate the advice because I would not have thought about trying to negotiate my fees.



Now just and update on why I missed Friday and Monday. I took Friday off because I was kinda in a funk and felt like I needed a break and just relax for the weekend and not think one bit about the market. And Monday I had to take a personal day to help a friend out but that gave me a 4 hour drive alone to think about where I was going with this situation and where I want to be right now. I think that drive will turn out to be a huge help because it got my mind back in the game and made me more determined than ever to achieve my goals. I will be back later on today with my daily update!

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #41 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Got in a good profitable trade this morning so start this month off good! Made 87.50, I have set a target of 2.25 points but I saw the market getting stuck on a resistance level so I dropped my target one tic below where I thought it would end up and got the max out of that trade that was possible. This brought back some more confidence and am looking to put October behind me.


October results in addition to Septembers not just Octobers alone.

13 Days traded
13 Trades 3 Wins 7 Losses and 3 Break evens
Win Percentage 62.50%
Avg Win 85.00$
Commission as a 37.67% of profit %
Total Net Points 12
435.84$ profit at a 3.63% return on investment


As you can tell this was a very bad month of trading! Over all it was a down month with very few high points besides some good learning experiences. A lot of my early bloated numbers came back down to earth and then some, maybe a little too far if you ask me. I know this is all part of the business and I am going to continue to progress with my plan executing it as best as possible!

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #42 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Took a loss this morning, I was working on a good setup I just jumped the gun a little on it completely my mistake. I was looking to get on to the reverse of the morning after the long sell off. I saw a pretty good amount of resistance at 2014.75 and was looking to get in if the market could close above that with in the first 6 minutes of the setup. I got in just assuming it would because what looked like a lot of buying pressure. It didnt end up closing at that level until the 9th minute bar which would have made the setup invalid. I ended up getting stopped out on that bar. The market never showed the real strength I needed. Back again tomorrow.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #43 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I went to simulated trading today because I have realized the market isnt going back to how I had based my old method off of so I am now working on a tweak to it that I had on the back burner. Pretty much a simple Hull Moving Average set up. Trying to scalp 1.5 pts with a stop also at 1.5 pts. So far is has been going pretty good today was the worst day so far at 4 wins and 2 losses by 11. I think this will work well I just need to get used to trading more than one trade a day. My old one was just starting out taking the first trade of the day but this new way I will need more than one to make enough to keep advancing at a good pace.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #44 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I am only going to be posting every couple of day for the next couple of weeks just because I am going back to the drawing board. I see the market isnt going to be going back to how I want it to be for a while if ever. So I have come up with a new tweak to try to stay relevant. This is a much much simpler method which is just based off of an RSI and 1 moving average. I dont have a hard set of rules yet but I am running a small trial and error run till the end of this week. I will then define that set of rules of what I think will work the best and continue to paper trade that next week. I am taking the entire week of Thanksgiving to go on a vacation. If the results from this 2 week trial with this tweak are sufficient for my liking I will be going live that following week.

In hind sight I would like to have a little more time to do tests but where this wasnt a full blown restart I think I can get a good feeling on whether this will work out or not. The only problem I can see with this for me is taking more than one trade per day, which I will have to do to bring in good profits. Yesterday I pulled in 150$ worth of profits and today I lost that right back! HArd to make money on a day like this when its in such a block of consolidation.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #45 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I am now 2 months in to my career as a day trader and i have gone through quite a bit of market diversity over this time. This is still absolutely what I want to do even with the trials and tribulations in this small period. I have been doing a lot of research on different Future contracts because I feel like the /ES has just changed to much for me to implement either of my trading plans with such small stops in place. And I dont wanna change that at all because I want to conserve capitol and not blow through it and call it my "educational period".

I came across the /GC and just made another forum post here...



If you guys could go comment on that and help me out any way that would be great! Everything looks very good in that for me as far as set ups and what not. I am going to continue to monitor it here for the rest of the week to see if it is something I should start back testing and what not. The only thing I am concerned about is that the commission and fees related to it is a bit higher than the /ES.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #46 (permalink)
 bd92154 
San Diego
 
Experience: Intermediate
Platform: NinjaTrader/Think or Swim
Broker: TDA/Interactive Brokers/ Data Feed TDA & IBK ( Dropped Kinetick)
Trading: Stocks NASDAQ
 
bd92154's Avatar
 
Posts: 1,058 since May 2011
Thanks: 1,542 given, 448 received


eclipsemf View Post
I am now 2 months in to my career as a day trader and i have gone through quite a bit of market diversity over this time. This is still absolutely what I want to do even with the trials and tribulations in this small period. I have been doing a lot of research on different Future contracts because I feel like the /ES has just changed to much for me to implement either of my trading plans with such small stops in place. And I dont wanna change that at all because I want to conserve capitol and not blow through it and call it my "educational period".

I came across the /GC and just made another forum post here...



If you guys could go comment on that and help me out any way that would be great! Everything looks very good in that for me as far as set ups and what not. I am going to continue to monitor it here for the rest of the week to see if it is something I should start back testing and what not. The only thing I am concerned about is that the commission and fees related to it is a bit higher than the /ES.

Welcome to the life of a day trader

I made the transition to day trading in 2009. Hopefully you are not making the same mistake with TDAmeritrade that I did; as I noticed you are using TOS and TDAmeritrade. I paid 20,000 in brokerage fees to TDAmeritrade in 2010 before I realized that I should get a reduced rate. Rather than negotiating I moved some money to Interactive Brokers for a reduced futures trade rate. That December I received a call from one of the VP's telling me that I could get a reduced rate. Well they should have told me about that $10,000 or more earlier. Needless to say they called me because I have stopped actively trading with TDAmeritrade. I kept my accounts, but have transferred funds to other accounts at other brokers to get better rates. TOS is a good platform, and I actually blame myself more than TDAmeritrade, as if I had done my homework I would have known this going into day trading as a business.

For various reasons I went back to trading SIM for over a year and have just recently gone back to trading cash. ES trading looks very easy, but as you are learning is a lot different once you start putting your hard earned dollars at risk.

What would help you in getting a better response here is to post pictures of what you are talking about. Since you are using pictures plus indicators may help others to help you. Also what hurdles you are facing. You have started a journal and that is an excellent way to start.

Lastly on the ES volume analysis I can't say that I totally agree with you about your volume analysis. I track both volume and flow fairly closely, but I am sure there are others here that do even a much better job than I do. There are seasonal variations in the ES volume flow and to me they look like they have been holding fairly closely to their normal seasonal fluctuations. Also yes it is annoying that a lot of the trading in the ES seems to be done on the GLOBEX, but in reality is it that there is more on GLOBEX or as we mature more as traders that we start to look at GLOBEX and its overall impact on trading.

Trading off 3min and 5tick charts is fine, but what are you using for your upper timeframe and trend analysis for trading? Trying to trade even the chop in the market without some indication of trend or belief of trend is a tough game to play.

Wish you the best in the future.
You are definitely in the right place.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #47 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I took an extended vacation and was to tired to trade yesterday with the vacation just rapping up the night before. I went live trading today and proved that I still had excellent discipline even when taking almost a month off to kinda recuperate. However I chose to enter the market at the wrong point today! Entered around 10:30 because I saw it didnt wanna close above 2061. I entered in at 1959.75 and ended up only taking 1 tic out of the market so basically a break even. No frustration very calm through out the trade.



bd92154 View Post
Welcome to the life of a day trader
Wish you the best in the future.
You are definitely in the right place.


Thanks for the reply! I will end up negotiating my fees with TD once I get going and trade full time consistently which I hope to do with in the comping months. I like having the lifestyle and the flexibility when needed but also the demand this brings, I like being challenged to the point where most people would give up, but I cant its not built in to me. I will succeed.

I will be starting to post pictures of me set ups and charts, hopefully with in the week. All my outside work is slowing up for the winter season so I will be able to start trading more and getting more in depth with research.

I think my volume analysis would be off just because I have not been watching the market for a very long time and have not fully picked up on the markets "moods" through out the season. The more screen time and people like you helping me out I will pick up on them over time and I have found ways to trade them already that I feel comfortable so I will be able to adjust much faster next time around.

Lastly the hurdles I am facing are all mental hurdles I would say. I have 2 methods of trading that I have back tested and show very profitable results if traded to the T. I am very good at the entry portions I just struggle some times holding the position as long as I am supposed to. I also cant seems to take every trade or more than 1 a day as after the first trade I either dont want to loose more money or blow away any of the profit I just made. If I could get over this fear I know my account would be much healthier. I took one live trade today but I had 5 set ups with 3 of them being big (2+ point) winners and 2 being break evens at the very worst.


Just a small edit I also look at the 15 min chart for the trend, but running with the 5 tic chart also I sometime get caught up in a small pull back because the chart moves so fast. I think I really need to just stick on the side of the trend when make trades instead of going counter trend some times. I am going to go back to all the live trades and see if they were trend or counter trend and do some sorting on what I should do in regards to that!

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #48 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Just to follow up with what I had said in my last post, I went and looked at all the trades I took when i was live trading since September 15th.

Wins:
12 Were with trend
3 Were reverse trend
1 No real Trend

Break Even that would be nothing more:
2 Were reverse trend

Losses:
2 Were with trend (both were on large pull backs)
6 Were reverse trend

So with that incredibly small sample size it looks like I should just stick with on trend trades!(go figure) I will continue to do this with my back testing results to see what more I can come up with.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #49 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

My original intention of this journal was to keep myself accountable for my actions as I progress with in this field. I have kept it pretty well updated but I want to take it one step further to make sure I keep my self in check. I traded this morning and took a 75$ loss and realized where I was making my mistakes. I had originally made a set of rules in my business plan but over the weeks with the market changing I tweaked the plan to make it "fit" the market but some key components and details got lost. The main one when I reset my Hull moving average default is 16 periods where it was set for the past month instead of at 10 where I had back tested it at. I have made some changes which are added to my rules of engagement.

My next post coming up with in the next hour or so will be my FULL visual of the 2 main charts I watch and my Rules of Engagement based of off those charts. I feel like by doing this and having them out in the public for everyone to potentially to see I can share my entries and exits much easier.

I'm not worried about people taking this and tweaking it trying it out in a paper account what so ever. I actually encourage it all I ask is you please give me feed back in return so I can help make this better as well. I have many Ideas on things I want to do it this but I want to make sure I get this basic method down before I get over complication it. And it very well could be past that already.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #50 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

My computer set up is with three monitors.
Monitor 1 is my graph of the 15min chart
Monitor 2 is my TOS main screen with my buy options, time and sales and active trader window.
Monitor 3 is my 3 minute chart

I will first describe my 15 minute chart.
2 indicators
Hull Moving Average (Close,10,0)
StochRSI (10,80,20,HULL,CLOSE,14,3,1,SIMPLE)

The Hull moving average is what gives me the signal on the overall trend at the larger time frame, I do not use this to find my entry or exit points just as an overall up or down trend finder. When the Hull changes colors I know the trend has just changed (Light blue is up, purple is down)

The StochRSI is just here as a reference but no trade is based strictly off of it but could stop a trade if the 15min Hull and that are disagreeing.

Now to my 3 minute chart.
3 indicators
Hull Moving Average (CLOSE,10,0)
MACDDing (10,23,8,EMA)
MomentumDing (10,CLOSE)

The Hull again confirms the trend on a smaller time frame which must be in conjunction with the larger time frame (15min) If they are both going in the same direction look below and check the final 2.

MACDDing must be in the same direction as the Hull is. Green for positive and red for a down trend. Not much more to say here pretty basic.

MomentumDing must be on the correct size of zero to enter the trade. If MACD is green then momentum must be above zero, and vice versa. Now this part is kinda redundant but I have seen over time that MACD can fluctuate around the zero line and the Momentum usually doesnt so I like the added reassurance.

IF all of these conditions are met I try to get and entry at a quarter or three quarter point instead of a whole or half point. No real reason for this just something I have kinda stuck to over the past months.

Now for the attached picture i listed 1-4 on it and will just quickly go over what each section means. This is from a trades set up yesterday.

1) 15 min chart. Hull switched to purple (downtrend)
2) 3 minute chart. Hull switched to purple (downtrend)
3) 3 minute chart. MACD confirmed red (downtrend)
4) 3 minute chart. Momentum below the zero line (downtrend)

Enter trade.

Exit strategy has been a fixed 2.25 point profit with a 1.5 point stop loss but those may no be changing as I look in to a few things more but as of now thats where they stay.

Please let me know if you guys have any thoughts on this, and please feel free to be as harsh as needed! I have thick skin and I know if I cant take criticism I cant get better, thanks for your time in reading this!

Attached Thumbnails
Click image for larger version

Name:	Trade Setup.png
Views:	59
Size:	278.3 KB
ID:	167947  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #51 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

There are a bunch of small things I want to look in to more this defined set of rules. When I started I back tested small samples of a lot of different time frames, set up ect. I came to pretty much what I had just posted and back tested it like crazy. I need to go further with a few more things to make sure I am on the correct path.

Other things:
Test with out Momentum
Test just trading off of the 15 min hull and 3 min hull nothing else to keep it simple
Try the 2 minute time frame
Fixed or trade by trade stop loss

Those are the four major ones as of now but I wanted to make this a different post so I can find it easy and keep it updated as needed over the next couple of days.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #52 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I took two trades this morning one 12.50$ profit and one 75$ loss. I only attached the 15 minute chart today with the arrow as my entry point because it reminded me of one major point I over looked from my past. It looks like from the graph I jumped the gun on the first trade but I did not it had just pulled back but the second trade no shown would have been wrong because 1 rules I left out was I will no take a trend continuation trade from the pre market. That is something I have keep to my whole time trading and I over looked that this morning.

Over all was a very good morning minus the losses. Both trade I took both came in to the green at least 75$ (one 75 and one 100) but this bring up another point I need to address. When should I be taking profits? I went back to look at my losses and break evens to see if I was getting to greedy. Turns out as of now I am. 75% of my L or BE (minus the pullbacks period) would have put me up 62.50 (50$ profit because of the 1 tic slippage). Now I know a lot of people try for the large pull backs or swings and say it is very hard to maintain a 1 point profit, which I would agree. I am going to start taking profit off at 1 point though even with that said, and tacking one tic off my stop loss after looking in to it because that extra tic is not helping me stay in enough trades to make it worth the extra amount of loss on each trade that losses. I'm am going to just try for one point a trade, taking as many trades as I get set ups for in the hours of 9:30 to noon (as work allows). If I can sustain that for a month or so I feel like I will get the confidence to trade with 2 contracts in which I will let the second contract go as my runner which I already have the rules for that written up.

Attached Thumbnails
Click image for larger version

Name:	Dec 5th.png
Views:	58
Size:	133.9 KB
ID:	168065  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #53 (permalink)
 bd92154 
San Diego
 
Experience: Intermediate
Platform: NinjaTrader/Think or Swim
Broker: TDA/Interactive Brokers/ Data Feed TDA & IBK ( Dropped Kinetick)
Trading: Stocks NASDAQ
 
bd92154's Avatar
 
Posts: 1,058 since May 2011
Thanks: 1,542 given, 448 received


eclipsemf View Post
I took two trades this morning one 12.50$ profit and one 75$ loss. I only attached the 15 minute chart today with the arrow as my entry point because it reminded me of one major point I over looked from my past. It looks like from the graph I jumped the gun on the first trade but I did not it had just pulled back but the second trade no shown would have been wrong because 1 rules I left out was I will no take a trend continuation trade from the pre market. That is something I have keep to my whole time trading and I over looked that this morning.

Over all was a very good morning minus the losses. Both trade I took both came in to the green at least 75$ (one 75 and one 100) but this bring up another point I need to address. When should I be taking profits? I went back to look at my losses and break evens to see if I was getting to greedy. Turns out as of now I am. 75% of my L or BE (minus the pullbacks period) would have put me up 62.50 (50$ profit because of the 1 tic slippage). Now I know a lot of people try for the large pull backs or swings and say it is very hard to maintain a 1 point profit, which I would agree. I am going to start taking profit off at 1 point though even with that said, and tacking one tic off my stop loss after looking in to it because that extra tic is not helping me stay in enough trades to make it worth the extra amount of loss on each trade that losses. I'm am going to just try for one point a trade, taking as many trades as I get set ups for in the hours of 9:30 to noon (as work allows). If I can sustain that for a month or so I feel like I will get the confidence to trade with 2 contracts in which I will let the second contract go as my runner which I already have the rules for that written up.

I have found it is better to have the option when one tick into a trade of closing for profit after subtracting round trip commissions. With TDA if you have not already renegotiated rates you have to get two ticks into a trade before making any money. This will make a big difference with your P&L over time.

I like your analysis and approach to all of this.
Thanks again.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #54 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I took 2 trades this morning to cap of the start of my revived 1 point runs. The first trade was an absolute flop on my side. I completely overlooked my rules and got in to a bad trade, but because of this it made me add a new rule so it was not a total waste. Second trade of the day was around 10:20 which produced my 1 point profit I was looking for. Overall a loss on the day but I took 2 trade again for the second day in a row so I feel like I am getting some confidence even going through the bad times that as long I remain persistent I can make this happen.


NEW RULE:
Do NOT take a trade with in the first bar of my larger time frame chart. There seems to almost always be a pull back with in this period and I keep getting caught in back since the beginning of October and I had said I was going to stop trading in that period but that rules has been over looked.

Also over the weekend I did some major back testing and will continue through this week to finalize my trading plans and rules because I have found a few tenancies that I want to change to make it more profitable. I also think that if I am going to do this year round that I will need to switch my trading plans seasonally to stay very competitive by looking at some of the peaks and dips from the testing.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to eclipsemf for this post:
 
(login for full post details)
  #55 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Took 2 live trades today both with the trend but as soon as I entered in them the trend on my larger time frame almost instantaneously reversed on me. 2 losses on the day is the end result. That means my next loss would put me back in to the red! My account was over 7.5% in the green at the end of September and is now down to less than 1% kinda embarrassing at this point. And to make it all worse after I get done trading live for the day I go trade paper until noon, my paper account is up almost 50% in the same time frame!! Today was over 150$ in loss in the live market and i sign right on to my paper account because that was my max loss and pull in 200$ profit using the paper account on my first 2 trades.


I defiantly don't want to quit because this is my goal and i will be successful but I think its time for me to take a step back and go over things again make sure i am looking at everything correct. Because I know the plan I started with in the middle of September will work but when i hit hard times in the market in October and November I started changing everything to try to keep up with the changes. I did excellent with the paper account with these tweaks but I could never get them to transfer to real money. I have however learned a lot over these 2 months so I think I will just re evaluate that plan for the remainder of the year and push for a good start to begin the year with!\

And to add insult to injury my new sled I bought last year needs 1000$ worth of work that would have been covered under warranty 7 days ago if it had happened earlier! Chin Up


I also uploaded the dismal equity curve.

Attached Thumbnails
Click image for larger version

Name:	Dec9th Graph.png
Views:	53
Size:	164.5 KB
ID:	168404  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to eclipsemf for this post:
 
(login for full post details)
  #56 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I paper traded today took a 75$ loss to start the morning but pulled in a 162.50 profit shortly after on the same move. Not going to posy up pics of the trade today or until after the holiday season. I'm taking a small hiatus from the 12 to 14 hour monitoring research and analyzing that I have been doing to just give myself a little break so I can be refreshed and ready to trade come the beginning of the year.

On a small side note with Exxon at a 52 week high and a very good divined payout I am thinking about starting my long term portfolio by picking up a few shares of them while they are a little cheaper than they usually run.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #57 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Well its been almost a half a month since I have posted to the forums not because of lost interest just talking a small break with out the constant watch of the market on the daily. 2015 is my year! I have all solid plans in place with back tested results and the discipline needed. Since I went live trading from September 15th to now I have changed a lot and have learned more than I could have imagined. I am now over the fear of loosing money, I went through a small internal struggle which put me at ends with my self. Money comes and goes in life and I truly believe that I can be very successful in this so if that means paying some money in to the market to learn then that's how it will go, I fell like what I am learning is nothing a formal education could teach me and it gives me great pride to learn myself and see how i devolve over time.

Nothing else today, Start up date again is January 5th which is the Monday of the first full week. I hope all that follow me will continue to give me input and things to ponder and I hope I can pick up new followers over the next year. To all, lets have a great year of trading!!

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #58 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I just wanted to do a little paper trading today just to make sure everything was ready to go on Monday. Just took the first 2 trades of the day based off of my trading plan and both were good wining trades. Felt very confident with the execution and the second one I help in for a longer period to get some more profit out of it. First trade profit of 75$ and the second 187.50$ for a solid 2 trade profit of 262.50$

I,m am going to start providing screen shots of every day i LIVE trade. I am going to provide this paper trade though so I can get the explanation out of the way real quick.

Yellow arrow is the entry point and approximate time. Right facing arrow is a Long position Left facing is a Short position.
Green arrow in the same orientation is a winning trade with the approximate exit and time
Red arrow in the same orientation is a loosing trade with the approximate exit and time

And on the 10 minute chart the black boxes are about the area where i got the trend signal with the entry target some where in side of that.

Attached Thumbnails
Click image for larger version

Name:	Jan 2 paper.png
Views:	58
Size:	182.6 KB
ID:	170407  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #59 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

I had one set up I was waiting for this morning that I had found before the market had opened. Try to go short around 2036 when I get my signals. Got all 4 down trend confirmations around 9:40 but the market dropped to fast and I was not going to chase it, I had thought about getting back in it when it came back for that mini pull back and that was against my rules so I missed out on that huge 10 point move!!! No worries though. I had a potential buy opportunity come up around 10:20 but my larger time frame never showed the uptrend but my 3 smaller time frames did. I stayed out of that trade just like I was supposed to, good job me. Around 10:30 The three smaller time frames had gone back to agree with the larger time frame so I placed and order.

It was a quick in and out, could have stayed in for more profit but I am only trading with one contract so I am trying to be smart when i am taking profit with out a runner.

I provided the graphs with a little more on them today and I will explain. There are 4 additional lines on the 3 minute chart
Line 1 area I was looking to go short to start the morning if it closed at or below, which it did I just missed the trade
Line 2 was my target to buy back in but the market never go the strength to get there
Line 3 was the line I needed it to close above to consider the buy which it came close but never made it
Line 4 was where I needed the market to close below so I could try to go short again. This is where I took the 125$ profit out of the market.

Hopefully this explanation helps you guys see my train of thought better and I will be back tomorrow with another update!

Attached Thumbnails
Click image for larger version

Name:	Jan 5.png
Views:	53
Size:	201.9 KB
ID:	170698  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #60 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

From now on my daily journal entries will be done as things are happening and I will post it all when I am done trading, this way I can get how I am feeling and thought process ect in the moment instead of how I remember it.

To start the morning I had a small reversal signal that I didnt move on just because of the way the market opened up with the first 3 minute bars pretty much doing the exact opposite of each other. I had set 2 minor S&R levels just based off of the last high and low of the pre market around 2013.50 for the low and 2021 for the high.

Trade number 2 at 9:40 when I got the signal to go short. Took the trade at 2015.25 and pretty much broke even with just a 1 tic profit. Once the market broke through the previous low I moved it to break even +1 tic. The market never made it down any further and it was a good call because I would have taken a full loss on that trade if I had not done so.

Trade set up number 3 of the day was around 9:50 and was a buy signal, got in this trade at 2017.75 looking for a target of around 2020, I had over looked that the market had only closed recently around 2019 so I should have had my target there so I took another break even +1

Trade set up number 4 of the day was right after that at 10 on the spot, I usually don't like taking a trades right at 10 so I was just looking for a smaller quick move on this trade. Target was set for a 87.50 profit, got that and the market quickly ran back in the other direction which would have hit my stop loss before it went back lower.

Had a 5th trade set up around 10:15 but chose not to take it due to the market conditions and am calling it a day at 10:15 but will continue to watch till 11.

WHAT I LEARNED TODAY:
I need to be more careful of my targets, I have been running fixed targets but today if I had just read the market a little better I could have tippled what I did ($112.50). But I feel like I have progressed a lot in watching the market and better understanding it, can fix some small issues tomorrow. Today was also the first day I took 3 trades in a single trading session showing that I am also becoming more comfortable with my system because I did not hesitate when going to place those trades. I will also switch my 10 min graph to my 5 tic graph when looking for those long running trades that have no S&R levels near.

The graph attached is just showing my 2 S&R lines i set to begin the morning and the three trades. This graph will also be very helpful when looking back because it really shows the importance of the S&R levels and previous highs and lows when regarding your stops and targets. I knew this but today was really that eureka moment with that.

Attached Thumbnails
Click image for larger version

Name:	Jan 6.png
Views:	40
Size:	218.2 KB
ID:	170835  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #61 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Small S&R levels Highs 2012.25 and 2014.25 Low 2008.50

Trade set up number one was right off the start of the morning, short heading down to the last previous low. This was a quick move and I took what I learned from yesterday and set my target just below that so I could make sure I would get the profit and took a quick 1 minute trade and brought in 75$ to start the morning.

9:45 update all 5 3 minute bars printed have all had a range at or over 3 points so I am going to sit back for a little to see what the market does, I dont like trading in this type of volatility with my small stops.

10:00 still in no other trades but expecting the market to go an touch 2018 and then retreat and is happening just as fast as I can type this right now, maybe a short opportunity around 2014 when it closes below? Just a thought

10:30 finally got my short signal way lower than I had thought around 2012 which was another S&R level so that was fine and I took the trade. Before I could even record my thoughts on this trade I had hit my target of 112.50

Overall another good day total profit of $187.50 and 3.18% gain since the start of the week. I used great control today and already put in place some of the things I had learned yesterday, with the first trade. I would have broken even if I had no looked at the levels I had set and adjusted my target accordingly. This was also the first day I took 2 trades when my first trade was a larger than 1pt winner. I usually would have kept the profit and ran but I know I need to take all trades that I get to really maximize this. Thats all for today, Ill be back tomorrow.

Attached Thumbnails
Click image for larger version

Name:	Jan 7.png
Views:	42
Size:	211.8 KB
ID:	170957  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #62 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

To start the morning I am going to sit back because coming out of the pre market I picked up no clear trend so I'm going to wait till it picks a trend and go counter on it. Looking like probably a short after its tests the morning high at 2041 unless the market is looking to rebound from the past few days.

I see the market just wanted to keep running up and I wont take a trend continuation trade from the pre market so I missed out on the first mornings move. Didnt get another signal until 11 but the market moved away from my target to quick to get in so no trades today, will be back tomorrow. Im not going to bother posting a graph because theres not a whole lot on it.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #63 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Just a quick post for right now I have to go to my work at 10 to go plowing so I cant really trade much today. I just took a short right at the open when I got my signals. I was looking for the market to try for retest the night high around 2062 then retrace and fill up some of the pull that the market made about and hour ago with the job news. Looks like it would be a good day to trade but thats all I can do for now.


That puts me up almost 4% for the year!! Excellent start to the year but I am being very cautious because I started my last round out very good and then got very sloppy and lost almost all my profit. But I feel SO much calmer when I am trading now Ive been through a lot with in the market since September 15th and I look forward to the rest of the journey!

Ill post my graphs and talk a little bit more when I get back from work.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #64 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Pre market expectations, I have the market going up to test 2041.25 and if it cant close above that it will go down to test 2036.50.

To start the morning off the market instantly ran to test my first upper S&R level which it didnt close above and my signals turned over to short. I was initially not going to take that trade either because it was already close to the lower level but I had also 2032.75 as another lower level so I decided to go expecting it to hit there as well. I got in that trade and didnt even have time to adjust my target to try to take a little more profit around that level before it sold off. 112.50$ profit from that trade!

Not sure if I will sit through another trade today or not where the market just slid 20 points, it might get a nice pull back but I dont always take trades right after this big of a move.

10:30 and I am deciding to call it quits for the day will still watch it till 11 but not going to take the trade set up right now I dont like the way its set up and being right after the big move so ill be happy with a 112.50 profit for the day. Even though as I type this with a buy signal present the market is starting to climb back out of the hole.

Not much as far as the graph today the market was down and down a lot about all you need to know!

Attached Thumbnails
Click image for larger version

Name:	Jan 12.png
Views:	46
Size:	68.7 KB
ID:	171510  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #65 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Big Mikes was down for me this morning so I'm not going to post a bunch where I didn't get to type it as the trade was going on. I took a short around 10:20 that I had mixed feelings about due to a thought but not a rule I took the trade anyway, because I was following my rules. I turned out to be a very long trade over 20 Minutes and ended up a loosing trade.


I did pick up 2 things from this trade though. 1 If all of my indicators say go but one is reversing I should be more careful. and if one switches mid trade I should get out. I'm not going to add either of these to my rules set yet because I wanna test them to see if there would be any benefit to this.

On the graph there are two black boxes the larger one is showing where I had entered the trade and you can see the momentum indicator is reversing back to the buy side but is still below the line so it is still a short position. I need to see if I should stay out of this style trade from now on or just keep going with my original rule set.

The smaller black box is from where in the mid trade one of my indicators closed in to a buy signal. Here I want to look in to see if I should get out of the trade right then and there if this comes up. Or maybe just the combination of the 2 is something I should stay away from.

Ill do research later tonight to see what ideas I come up with.

Attached Thumbnails
Click image for larger version

Name:	Jan 13.png
Views:	48
Size:	79.0 KB
ID:	171593  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to eclipsemf for this post:
 
(login for full post details)
  #66 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Just a quick one with not chart to post. I missed out in the first pull right when the morning opened up waited for the short opportunity that I figured would come and did around 10:30, It ended up turning around before I could get any profit out of it so another loss for me. Going to take a break for the day as far as research goes, I feel a little under the weather and I dont think a bunch of screen time will help.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #67 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Took another loss this morning, miss read the swing my mistake. But there is something else I wanna hold myself to using a public journal so im going to post it here. This next part is non trade related so you dont have to read it if you here to see my progress in that.

Most week nights I have been going out to the bars or parties (I am 22) just to kinda have a good time and enjoy myself. I was making money in the stock market and on salary so I was doing really well for working 2 hours a day, kinda let everything get a head of me WAY to fast. Kinda Wolf on wall street deal not as extreme but it was in the makings if I continued this streak.

Then come Tuesday through today all three morning were losses and all three mornings I had come home half hot early in the morning get a few hours of sleep then try to keep myself awake long enough to trade so I can go out again. Last night was the LAST time I am going out on a week night when I am expecting to trade and the last time overall for I'm not sure how long but I just wanna see how long I can go and use this place to help me out with other things. I think going out on the weekends is still fine after I get through my little hiatus and get everything in my life back on track.

And I know there will always be losses in this business but I can 100% say that these three should have been winners if I was paying more attention and wasnt so groggy. I have an excellent opportunity in front of me and I am not about ready to let it pass because Im acting like a child.

Sorry for the life story type post, but I needed to let it out and I am sure many people with in this business probably have gone through some trial and tribulation like this, I just wanna stop and beat it before it turns in to a wasted career.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to eclipsemf for this post:
 
(login for full post details)
  #68 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Another rough morning but this was just to the market conditions, it made me look at a few things and I have a few rule changes to add to my trading plan. I took the trade set up I got right after the 10:00 move. I was a looser because it regressed and the second I entered the trade I knew this.

Rule changes, from the pre market I never trade if there is a trend already in place with some part of my set up. I pretty much wait till it completely reverses the trend. Now if my 10 minute bar is going against what my 3 min trend is saying and then with the market open turns to agree with my 3 minute I will start taking that trade because I am seeing that there are a lot of missed opportunities due to me not taking these.

Second at 10 when the market completely skyrocketed there for a minute I should have stayed out because I knew there was going to be a lot of volatility. I got in towards the low of that bar and had no chance of staying in with small stops. I need to just pay more attention to this going forward.

Week in review.
1 W
4 L
Monday was the only day I was happy with my performance. The three middle days should have been better if I wasnt acting like a child! That should be taken care of going forward. Today was just another lesson that I have to give 80$ to learn, i just hurt a little more with the rest of the week being bad.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #69 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

No graph again today, just one trade and it was a loss that makes 5 in a row now. The reason for no graph is because I took the morning to test some new rules that I was formulation with those 5 losses that I took and figured it would be more beneficial than a chart post. 6 pages of notes later I came up with this...

I was looking at 8 different things that I feel like could have caused my losses on this streak, I know some are just going to happen but I found 2-3 things that I will be watching to keep me out of bad trades and they are as follows.

I am no longer going to enter a trade is my MACD is over .5 in to a trend and or if my momentum is over 5 in to a trend. This has happened twice this year and both would have been looses.

If I get 6 bars of consolidation (blue on impulse) do not take the trade, also happened twice this year and both losses.

But the big one which would have saved me a lot over time is if I have a current trend from the pre market with my Hull moving averages, Do Not take the trade if that same trend continues in to the live 9:30 or after market. This has happened 8 times to this point in the year with 2 of them being winners and 6 of them being losses. The only thing I might change about this one is if all 4 are trending in the same direction pre market then you can buy in because it has happened twice and both have been very large gains.


I also have 3 other ones I am going to keep looking at and every loss from now on I am going to try to see what could be changed with it and as time goes on I am going to keep up on these new rules to see if they will stand the test of time or if they just work for these current market conditions.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #70 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Man the tough days just keep coming! another loss this morning that 6 in a row now. I have fixed a lot of things from last week but today I just made a bad fill and quickly go stopped on an excellent move that I should have made money on. It was about 9:36 spike where there was a solid 7 or 8 point profit potential from where I had gotten in but it wanted to do a small pull back and get me out first.

I am going to give it till the end of the week to trade and if I dont take profit I'm going back to paper trading I guess. I know I am incredibly close and dont want to but its part of my rules and that would be 8 days in a row I would be loosing so I clearly would have to change something up if that were the case. It almost makes me sick to think that this might happen and I did exactly what I did in September of last year.

I posted a graph of my equity curve since September 15th of last year, has many great points and even worse drops.

Attached Thumbnails
Click image for larger version

Name:	All live trades to jan 21.png
Views:	38
Size:	140.7 KB
ID:	172441  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #71 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

MY account is officially back to where I started which was where my stopping point is. I was up almost 600$ again to start and I slowly blew it again. I stuck to my plan and just couldnt catch a break. This was the second time in a row that I had started back up to 5+% gains to start then to just blow all the profit in the next weeks. Not sure what to do right now besides walking away for a time. I know I have to be very close because its hard to pull in what I did twice in a row but I also must be missing something great because I shouldnt be falling in to such a fall right after also.

Any input would be greatly appreciated because Im kinda lost at this point.

My backtesting is good and can be replicated easy with an extremely profitable paper trading session before i went live. I feel confident trading and know my rules Im just not sure why i keep blowing up as fast as I start off.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #72 (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


eclipsemf View Post
MY account is officially back to where I started which was where my stopping point is. I was up almost 600$ again to start and I slowly blew it again. I stuck to my plan and just couldnt catch a break. This was the second time in a row that I had started back up to 5+% gains to start then to just blow all the profit in the next weeks. Not sure what to do right now besides walking away for a time. I know I have to be very close because its hard to pull in what I did twice in a row but I also must be missing something great because I shouldnt be falling in to such a fall right after also.

Any input would be greatly appreciated because Im kinda lost at this point.

My backtesting is good and can be replicated easy with an extremely profitable paper trading session before i went live. I feel confident trading and know my rules Im just not sure why i keep blowing up as fast as I start off.

The markets have been tough on a lot so don't beat yourself up.

Check - do you break your rules? Do you follow the rules but the trades don't work? (can just be a bad run, or maybe the edge isn't really there) Is there some highly discretionary component that is really important but comes and goes without you being aware of it? Are there some days/times that are just not good to trade? Just a few starters, I'm sure you can find loads more better questions, stay calm, take a break and look from outside, I've had to do it hundreds of times and will always have to as things change.

Cheers

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)
  #73 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Hello guys Its that time of the year again! Works has slowed up for the winter so I am going to give it my third run at trading the S&P Futures. I'm a year older and hopefully a year wiser, with a bit more of a cash roll saved up to hopefully take any pressure I was felling last year off.

The little bit that I was able to study over the summer was focused on the market structure and really getting to understand the ebs and flows of the market. I fell way better this year on my understanding of the market, my goals and how I am going to achieve them.

With the new knowledge I have gained I simplified my method and took away one indicator and my fixed targets. Looking back I realized there were a lot of times when I should have taken profit but didnt because it didnt hit my target because I was looking for too much. I also shortened my time frame down to fit the style of trading. I know most people dont like the smaller time frames but its what works for me right now so im just going to go with it.

I will post right after this with today results and thoughts

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to eclipsemf for this post:
 
(login for full post details)
  #74 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

This is just going to be a quick daily update for now as I get everything back in line. I will just start of by saying this time feels way different. From my last 2 goes at it the most trades I have ever felt comfortable placing in a day is 3 which I had done once, and 2 trades a day only a few times. Most of the time I would place 1 trade a day and what ever I got was the daily result. This is obviously very hard to get result any where close to what you back tested as there are many many trades a day on my trading plan. Sometimes up wards of 10, hence why I has having very big draw down.

On to today. Today I placed 6 trades! Its great news because Im not focused on the short term expectancy, I see that over time this will be profitable and I need to roll with the ups and downs.

Today's tally
6 Trades
3 Wins
3 Losses
Profit before commission 5 Tics

Today was W,L,W,L,W,L slowly grabbing a little profit to end the day.

Thoughts and notes...

Overall I felt I have good execution on 5 of my 6 trades. One I had entered right after a very larger candle which goes against my rules, my mistake. The other thing I fell like I need to let go just a little more. I had 2 set ups that I missed because I had just taken profit on the last trade and felt content. If I had taken those trades I would have been up roughly 20 Tics on the day. Hind sight is 20/20 I guess, will get back at it tomorrow.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #75 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Just a quick post today as I am right in the middle of a backtest from a small tweak I found may help
4 Trades
1 Win
3 Losses
Down 14 Tic today
Overall Down 9 Tics

Was just a rough market for my style of trading.

And just a quick question for any one browsing this journal...

I was wondering how you guys feel about a system that has roughly a 50% win rate with a min Risk to Reward of 2:1 (may change a bit due to market conditions) and that have 7 to 12 trades a morning. Also the max draw down I have found so far in back testing is about 500$.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #76 (permalink)
 eclipsemf 
Manchester NH
 
Experience: Advanced
Platform: Thinkorswim
Broker: TD Ameritrade
Trading: /NQ
 
Posts: 89 since Feb 2014
Thanks: 31 given, 55 received

Im not sure if I can post about just stocks on here where it is mainly a futures site. If I cant just let me know and I will stop. But I like to have my things and thoughts down some where so im going to try here.

I just started trading smaller cap smaller price stocks. 1$ -4$ stock based off of my method and technicals a few pages back in short term 1week to around a month. Im only putting 2k max in to each position so the overall risk is not a lot.

Trades this year so far...
GLFH down 14% held over from last year super penny stock that I shouldn't have been playing with.
SAND 9% gain 1 month
S 8% gain 2 weeks
PTX 12.5% gain 3 days
PPP 7.5% gain currently in position Entry 1.60 exit target around 2.20
BXE 21% gain currently in position Entry .97c Exit target half position at 1.50 other half hold.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote


futures io Trading Community Trading Journals > Eclipsemf's ES Journey


Last Updated on April 27, 2016


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