iqGod's Own Country - futures io
futures io futures trading



iqGod's Own Country


Discussion in Trading Journals

Updated by iqgod
      Top Posters
    1. looks_one iqgod with 257 posts (796 thanks)
    2. looks_two bobwest with 24 posts (52 thanks)
    3. looks_3 Scalpingtrader with 11 posts (28 thanks)
    4. looks_4 PandaWarrior with 9 posts (27 thanks)
      Best Posters
    1. looks_one iqgod with 3.1 thanks per post
    2. looks_two PandaWarrior with 3.0 thanks per post
    3. looks_3 Scalpingtrader with 2.5 thanks per post
    4. looks_4 bobwest with 2.2 thanks per post
    1. trending_up 36,651 views
    2. thumb_up 1,118 thanks given
    3. group 35 followers
    1. forum 385 replies
    2. attach_file 174 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

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

 
Search this Thread
 

iqGod's Own Country

(login for full post details)
  #21 (permalink)
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,170 since Jan 2013
Thanks: 47,009 given, 20,708 received


iqgod View Post
Here is why using a tick chart matters - same 5-minute chart (a bit later):

Yes. Fixed time charts can be useful, but you need to break up the price action in those big bars so you can see it.



iqgod View Post
A word of CAUTION: Do not attempt this. Neither will I again. News trading can destroy your account, life, marriage, heart etc. .....

Definitely yes!


iqgod View Post
+$480 today post-commissions.

Good work, though. Nothing succeeds like success.

Really good job so far. I'm enjoying your journal.

Bob.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bobwest for this post:

Can you help answer these questions
from other members on futures io?
Delta PVP ( POC )
MultiCharts
Experience Baxter FX
The Elite Circle
Hedging strategy with free money
Traders Hideout
Basic Indicator and Strategy Question
The Elite Circle
Indicator Conversion
Sierra Chart
 
 
(login for full post details)
  #22 (permalink)
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,627 given, 2,950 received


Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #23 (permalink)
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,627 given, 2,950 received


Net +$40 on day 5.

It was an advanced range break short, but I covered intuitively after 2 positive ticks - thank god for my intuition, since the market went UP UP UP after that without even a single weeny pullback.


Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to iqgod for this post:
 
(login for full post details)
  #24 (permalink)
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,627 given, 2,950 received


Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to iqgod for this post:
 
(login for full post details)
  #25 (permalink)
Hanover, Germany
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
Scalpingtrader's Avatar
 
Posts: 1,868 since Apr 2014
Thanks: 3,024 given, 4,827 received


iqgod View Post
Net +$40 on day 5.

It was an advanced range break short, but I covered intuitively after 2 positive ticks - thank god for my intuition, since the market went UP UP UP after that without even a single weeny pullback.


Well done. Sometimes I wish I had the insight and guts to just reverse a given position when I screams "YOUR WRONG YOUR WRONG!"

But I guess that's not something I should bother with given my level of experience and mental stability

Anyhow, keep us updated!

Reply With Quote
The following 3 users say Thank You to Scalpingtrader for this post:
 
(login for full post details)
  #26 (permalink)
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,170 since Jan 2013
Thanks: 47,009 given, 20,708 received


iqgod View Post
Net +$40 on day 5.

It was an advanced range break short, but I covered intuitively after 2 positive ticks - thank god for my intuition, since the market went UP UP UP after that without even a single weeny pullback.


I have noticed a couple of times that you have mentioned intuition or acting intuitively on this thread.

I think this is a powerful, if elusive, ability to have. I take it as somewhat like seeing/knowing what to do without consciously thinking, although it may be hard to put a description into words for it.

There were comments recently on another thread about over-thinking, and about acting without thinking, and I thought about your posts together with them, as relating to the same thing, beginning here:

https://futures.io/trading-journals/30151-2014-price-action-trading-38.html#post414103

Of course, this sort of "acting without thinking" is the opposite of reactive, impulsive "unthinking" action that just gets you into trouble by doing something foolish. It's the difference between being in the groove and not having a clue.... Or, perhaps, having a higher level of awareness vs. a lowered level, where you may think you are at the high end, but really are not.

I do not know how to cultivate or develop this ability, other than practice, and I do not know what aspects of practice or experience help with it. I do not know if you can consciously develop it, although I would like to.... it seems to come and go in flashes, and to be difficult to pin down.

Anyway, if you have any thoughts or experience on improving this ability, and would be willing to share them, I would be grateful.

Bob.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to bobwest for this post:
 
(login for full post details)
  #27 (permalink)
Hanover, Germany
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
Scalpingtrader's Avatar
 
Posts: 1,868 since Apr 2014
Thanks: 3,024 given, 4,827 received


bobwest View Post
Of course, this sort of "acting without thinking" is the opposite of reactive, impulsive "unthinking" action that just gets you into trouble by doing something foolish. It's the difference between being in the groove and not having a clue....

I do not know how to cultivate or develop this ability, other than practice, and I do not know what aspects of practice or experience help with it.

Bob.

My personal belief is that the critical component to the way the subconcious makes its decisions is what habits and belief system we developed.

If you start out at trading you have all the natural habits and beliefs ie. success through active work, being right, fear of losing, adverse risk behaviour (let losses run & cut losers). If in that phase of trading development, our subconcious will use these exact habits to reason its decisionmaking. Which will lead to adding to losses etc. etc. - even if we already know its bull** to do that.

When however you truly mastered the concious process of trading and made it a habit to be consistent with stops and targets, preserving capital and aiming for the process with focus on the larger averages so that making the right decisions in a trading situation becomes somewhat natural to you ie. you don't even think about adding to a red position or widen the stop - then and only THEN you can slowly start to trust you stomach and let it guide you through your impressions.

What I would then want to do though is keeping a seperat journal/record about when did I act intuitively and what was my feeling, the result and the action in relation to my concious trading rules. Be open yet critic about it.

Again, that's just my humble model of how I imagine the world

Reply With Quote
The following 3 users say Thank You to Scalpingtrader for this post:
 
(login for full post details)
  #28 (permalink)
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,170 since Jan 2013
Thanks: 47,009 given, 20,708 received


Scalpingtrader View Post
My personal belief is that the critical component to the way the subconcious makes its decisions is what habits and belief system we developed.

If you start out at trading you have all the natural habits and beliefs ie. success through active work, being right, fear of losing, adverse risk behaviour (let losses run & cut losers). If in that phase of trading development, our subconcious will use these exact habits to reason its decisionmaking. Which will lead to adding to losses etc. etc. - even if we already know its bull** to do that.

When however you truly mastered the concious process of trading and made it a habit to be consistent with stops and targets, preserving capital and aiming for the process with focus on the larger averages so that making the right decisions in a trading situation becomes somewhat natural to you ie. you don't even think about adding to a red position or widen the stop - then and only THEN you can slowly start to trust you stomach and let it guide you through your impressions.

What I would then want to do though is keeping a seperat journal/record about when did I act intuitively and what was my feeling, the result and the action in relation to my concious trading rules. Be open yet critic about it.

Again, that's just my humble model of how I imagine the world

Yes, I can agree with that: how our mental habits need to be different, when trading compared to other pursuits. This is a matter of habits, internalizing rules, having the right experiences and learning from them, and I think it's very important. Trading is its own skill, and that skill needs to be developed.

What @iqgod was referring to, I think, was an intuitive recognition at the time that the trade he was in would not continue to work, and he got out just based on that feeling. If that's a matter of skill and habit, or a development of it, it's operating at a very high level. Or, it may be something that comes to one when one is sufficiently skilled, but is in fact something different.

Anyway, I think developing that intuition is important, and I am very interested in @iqgod's (and anyone else's) take on it. (Don't want to highjack the thread, though.... sorry to go on about my beliefs.... )

Bob.

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to bobwest for this post:
 
(login for full post details)
  #29 (permalink)
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,627 given, 2,950 received


bobwest View Post
I have noticed a couple of times that you have mentioned intuition or acting intuitively on this thread.

I think this is a powerful, if elusive, ability to have. I take it as somewhat like seeing/knowing what to do without consciously thinking, although it may be hard to put a description into words for it.

.
.
.

I do not know how to cultivate or develop this ability, other than practice, and I do not know what aspects of practice or experience help with it. I do not know if you can consciously develop it, although I would like to.... it seems to come and go in flashes, and to be difficult to pin down.

Anyway, if you have any thoughts or experience on improving this ability, and would be willing to share them, I would be grateful.

Bob.

Bob,

You are on the right track.

It is just practice practice practice till you internalize the validated beliefs that YOU have formed based on your experiences with the market - just put in the screen time and you automatically get there.

Read the Mental Game of Poker by Jared Tendler for how to get started.

I am a long time fan (a decade and more) of Vipassana i.e. mindful meditation. I started this thread but then stopped posting my experiences publicly - intuition grows better in the shade than harsh stage spotlights.

Visit my futures io Trade Journal Reply With Quote
The following 6 users say Thank You to iqgod for this post:
 
(login for full post details)
  #30 (permalink)
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, 8,401 received



bobwest View Post
Of course, this sort of "acting without thinking" is the opposite of reactive, impulsive "unthinking" action that just gets you into trouble by doing something foolish. It's the difference between being in the groove and not having a clue.... Or, perhaps, having a higher level of awareness vs. a lowered level, where you may think you are at the high end, but really are not.

Anyway, if you have any thoughts or experience on improving this ability, and would be willing to share them, I would be grateful.

Bob.

Gerd Gigerenzer uses the term 'unconscious intelligence'. I also think of it as heuristics (good rules of thumb) and 'feel', I think we all know roughly what we mean by it, and it's what the experts in most fields do without being aware of it. My two latest best reads are his books 'Gut Feelings' and 'Risk Savvy' (there are financial chapters but neither is directly trading related.) Now if only I could remember where to find it and what to do with it...

Travel Well
Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to ratfink for this post:


futures io Trading Community Trading Journals > iqGod's Own Country


April 29, 2016


Upcoming Webinars and Events
 

New Bookmap Indicators and Trading Services

Dec 3
 

Battlestations!

January
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts