COMMON SENSE - Trading Journals | futures io social day trading
futures io futures trading


COMMON SENSE
Updated: Views / Replies:79,356 / 1,262
Created: by mfbreakout Attachments:812

Welcome to futures io.

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

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

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

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

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

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

-- Big Mike, Site Administrator

Closed Thread
 812  
 
Thread Tools Search this Thread
 

COMMON SENSE

  #641 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading


mfbreakout View Post
Hi Robert,

If you have decided to be a trader with a kind of discipline where you take 1 or 2 trades per day, then you do not have to settle for 10-20 ticks. 10-20 ticks is just noise. CL moves in most cases at least 100 ticks every day. To get majority of these 100 ticks, a trader has to hold the trade. Try and test this in SIM and see if it works for you.

Good trading.

Hold time.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
COMMON SENSE-2014-10-06_1041_open..png  
The following 3 users say Thank You to mfbreakout for this post:
 
  #642 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading

Taking other traders style, quotes, words of wisdom etc. without really knowing the full context is never a good idea. Following excerpts from Michael Marcus as a stand alone idea makes all the sense.

' On exiting a position:

That’s right. Another thing is that if a position doesn’t feel right as soon as you put it on, don’t be embarrassed to change your mind and get right out. f you become unsure about a position, and you don’t know what to do, just get out. You can always come back in. When in doubt, get out and get a good night’s sleep. I’ve done that lots of times and the next day everything was clear."

What does it really means and in what context? If i followed above without really fitting my style , i will be out of every trade after 10- 15 miutes because most of the trades do not feel right as soon as i put them on.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

Last edited by mfbreakout; October 6th, 2014 at 12:31 PM.
The following 3 users say Thank You to mfbreakout for this post:
 
  #643 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading


Michael Marcus

" Do you think being a great trader is an innate skill?

I think to be in the upper echelon of successful traders requires an innate skill, a gift. Itís just like being a great violinist. But to be a competent trader and make money is a skill you can learn."

I do not have an innate skill otherwise i would have gotten into trading early in my professional career. I started in trading after spending 20+ years in another career. Thanks, Marcus for saying one can become a competent trader and that's all we are trying to do here.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
The following 4 users say Thank You to mfbreakout for this post:
 
  #644 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading

Bruce Kovner reply to a question from " Market Wizards" book.

Q) " You are one of the most successful traders in the world. There are only a small number of traders of your caliber. What makes you different from the average guy?

I’m not sure one can really define why some traders make it, while others do not. For myself, I can think of two important elements. First, I have the ability to imagine configurations of the world different from today and really believe it can happen. I can imagine that soybean prices can double or that the dollar can fall to 100 yen. Second, I stay rational and disciplined under pressure."

Bruce is successful because according to him he stays rational and disciplined under pressure. Think about whether having to endure so called 10 ticks of heat and then saying By the Grace of GOD, my stop was not hit and i made 20 ticks is what successful traders worry about.

Being disciplined does not mean getting hosed by randomness all day long.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

Last edited by mfbreakout; October 6th, 2014 at 04:00 PM.
The following 3 users say Thank You to mfbreakout for this post:
 
  #645 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading

Us$ and metals were pulled to extremes. $ to the up side and metals to the down side. All metals snapped back. No longs for me. Snap back had already happened and PL, GC had snapped back outside their ATR by the time i got to them.

Short PL around 1240 area. Short GC 1207 area.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
COMMON SENSE-2014-10-06_1537_corrected..png  

Last edited by mfbreakout; October 6th, 2014 at 05:12 PM.
The following user says Thank You to mfbreakout for this post:
 
  #646 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading

TF - failed A up shorts.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
COMMON SENSE-2014-10-06_1606_opc.png  
The following user says Thank You to mfbreakout for this post:
 
  #647 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading

Follow the plan.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
COMMON SENSE-2014-10-07_1033_plan.png  
The following 3 users say Thank You to mfbreakout for this post:
 
  #648 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Plan

It took 24 hours to get paid. Nothing is more exciting than shorting bounces within a bearish trend.

" It's been only a couple of times over last 5 weeks when i tried long in CL. Otherwise shorts and shorts."



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
COMMON SENSE-2014-10-07_1028_shorts.png  
The following 5 users say Thank You to mfbreakout for this post:
 
  #649 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

shorts

Shorts in TF and holding.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
COMMON SENSE-2014-10-07_1051_shorts.png  
The following 3 users say Thank You to mfbreakout for this post:
 
  #650 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

waterloo


For Zakk- self proclaimed biggest fan of ABBA.




My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
The following 3 users say Thank You to mfbreakout for this post:

Closed Thread



futures io > > > COMMON SENSE

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
a trade on ICPT that totally makes no sense to me..... mdsvtr Options on Futures 3 May 6th, 2014 07:46 PM
Common sense trading decisions Eric j Psychology and Money Management 75 December 6th, 2012 10:12 PM
A Common-Sense View of the Stock Market kbit News and Current Events 0 August 9th, 2012 03:54 PM
Well, At Least One Thing Made Sense Today... Quick Summary News and Current Events 0 November 3rd, 2011 07:50 PM
Death of Common sense kbit Jokes 2 September 11th, 2011 01:25 PM


All times are GMT -4. The time now is 05:37 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-17 in 0.12 seconds with 20 queries on phoenix via your IP 54.163.210.170