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RISK management trade journal


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RISK management trade journal

  #11 (permalink)
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, NQ, YM, CL and GC
 
Posts: 505 since Jul 2014
Thanks: 2,471 given, 822 received

To your success! Hope you pass the Combine. Good journal.

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  #12 (permalink)
Europe
 
 
Posts: 79 since Dec 2013
Thanks: 428 given, 150 received

Hi,

One week journaling more and less, and time to review my trade process. Is the base and knowing that i will know where i need to work for reinforce it.



Observation it's fine, this tell me that i'm following my base charts more than to be distracted looking for other reasons to take a trade.

Management is on the right way.

I'm really starting but in only 5 days my analysis and execution fail in 2, this is a 40%. Next week i will try to keep up again.

Why is important for me analysis?

Basically is what help in my rule of trade what i see, more than what i feel. I know that volatility can plays in my mind against me, this is why i love to trade ES. Reviewing days i saw unlogical movements dangerous for the way i'm trading, but control was keeping me to dead in this situations. I will follow closely next week this 2 areas and will try to work on them.

If you like this journal and find it valuable to you, please click here and hit the thanks button. Unfortunately you can only thank me once in the voting thread but you can thank me all you like here .



Last edited by ofatrader; October 4th, 2014 at 09:50 AM.
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  #13 (permalink)
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, NQ, YM, CL and GC
 
Posts: 505 since Jul 2014
Thanks: 2,471 given, 822 received

Quick Question


I really like your Footprint charts. What are you using for them? Is it GOMI, Market Delta, Final or something else? You mentioned that you use Jigsaw tools but I didn't know if that is what you used for the Footprint charts.

Looking forward to your reply.

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  #14 (permalink)
Europe
 
 
Posts: 79 since Dec 2013
Thanks: 428 given, 150 received


BoltTrader View Post
I really like your Footprint charts. What are you using for them? Is it GOMI, Market Delta, Final or something else? You mentioned that you use Jigsaw tools but I didn't know if that is what you used for the Footprint charts.

Looking forward to your reply.


Hi @BoltTrader,

For volume profile and Footprint i'm using rancho dinero tools. Are not based on Bid/ask. I use uptick/downtick's mode. This is why i use the summarize tape from jigsaw, for to see buy or sell activity.I put here my templates.

Thank's



If you like this journal and find it valuable to you, please click here and hit the thanks button. Unfortunately you can only thank me once in the voting thread but you can thank me all you like here .


Attached Files
Register to download File Type: xml fpctemplate.xml (15.8 KB, 11 views)
Register to download File Type: xml vptemplate.xml (24.0 KB, 9 views)

Last edited by ofatrader; October 4th, 2014 at 03:12 AM.
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  #15 (permalink)
Europe
 
 
Posts: 79 since Dec 2013
Thanks: 428 given, 150 received

Hi,

An important step in developing a consistent trading is recognizing emotions and how to work with it. Most of people can think about leave out emotions at his trading, but we are humans and can't be possible to do that. Knowing that we need to learn to live with them. In my journal i want to add a review of that, controlling in my trade process wich emotions are involved and how this is affecting my results. i will start to add an emotional map to recognize bad and fine patterns in my trading.

I will monitor my emotions in my 4 steps in trade process and will take my conclusions based on results. Without to be an expert, we have negative and positive emotions. Both of them can be dangerous for trading.

General list of negative emotions:

Anxiety, anger, depression, sadness, hatred, pain, anger, rage, resentment, remorse, guilt, envy, greed, selfishness, revenge, superiority, pride, anger, temper, outrage, pain, discomfort, anger, resentment, hostility, animosity , impatience, anger, irritability, violence. Fear, mistrust, nervousness, disappointment, dissatisfaction, uncertainty, cowardice, boredom, restlessness, confusion...

General list of positive emotions:

Love, Faith, Happiness, Courage, Euphoria, enthusiasm, joy, optimism, satisfaction, pleasure, tranquility, serenity, peace, gratitude, respect, loyalty, loyalty, solidarity, altruism, hope, understanding, enthusiasm, empathy, love, joy, solidarity, friendship, respect, admiration, autonomy, strength, enjoyment, ecstasy, gratification, altruism...

If you know any other emotions that can affect trading let me know and i will add this at my list to ckeck. I will reduce the list in my trading when i begin to recognize wich are the emotions that are afecting me. I know that depending in the area were i will look there will be major emotions that others.

I hope this can help me to take control of me in my trading and give me find the sought consistency




If you like this journal and find it valuable to you, please click here and hit the thanks button. Unfortunately you can only thank me once in the voting thread but you can thank me all you like here .


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  #16 (permalink)
Europe
 
 
Posts: 79 since Dec 2013
Thanks: 428 given, 150 received

HI,

I will post here my emotional map. It's a document that will help me in controlling my emotions in trading. I'm from spain, and like you know emotions are very personal. I need to do that in my native language because is the way that i can know well wich are the exactly emotions that i'm feeling.

Thank's



If you like this journal and find it valuable to you, please click here and hit the thanks button. Unfortunately you can only thank me once in the voting thread but you can thank me all you like here .


Attached Thumbnails
RISK management trade journal-emotional-map.pdf  
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  #17 (permalink)
Europe
 
 
Posts: 79 since Dec 2013
Thanks: 428 given, 150 received

Hi,

I'm looking at this statistics for this monday. It gives me some statistical information about potential moves.





Seems that we can have a potential trend day with the lows at the open and the highs at the end. The week expected is more range week than a trend week, but i will see how buyers and sellers are playing this game

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  #18 (permalink)
Europe
 
 
Posts: 79 since Dec 2013
Thanks: 428 given, 150 received

Hi,

The last post show a few statistics for today and was showing what is possible that happens statisticaly if we open with a gap up. I add here the next 2 scenarios, opening with a gap down and with no gap.

Gap Down:






Gap neutral:




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  #19 (permalink)
Europe
 
 
Posts: 79 since Dec 2013
Thanks: 428 given, 150 received

Hi,

Today the open was bullish. The open was in a zone for testing intentions, and the market was doing that for take action. The expectation was to see buyers actively, but really they were very weak.



I took a few trades. The first one was looking at weak buyers in the open, and expecting the close of the open gap. In the first trade was stopped out, and take another short in the testing of the weak buyers. Was nice to see in the TS sell activity and how sellers were eating zone to buyers.
The last one was take it for arrive at my objective level, 2 . Filled and tomorrow i will work for arrive at my level 3. The last one was take it for to see sellers trying to push down and looking at a run stop action, and sellers stablishing a sell zone, the entry was knowing this situtation.




Results for today:





General statistics till start.



Areas of trading:

Observation: 10
Analysis: 10
Execution: 10
Management: 0



I failt in management today. I feel fear in management. This was because the markets was going lower very slow when i was in the trade and having a certain MFE, the fear was present to lose again this MFE. The objective in this trade was 61 area and this is way a fail in managemet.
In my first trade i fail in management, too. I feel paralisis for closing my losing trade. Was not able to close it and was lefting that the market blows my stop totally. Hard fail in management.
Finally i weak up the management with the last trade, but i have lost a nice trade oportunity for arrive at my objective and to be closely to objective's combine.

Rules:

Fail in running profits and cutting losses. Is not normal in my trading to fail in cutting losses. i know that i need to work in running profits because i have nice fils, but is somenthing hard to do it. I have one objective today and fear don't leave me to take it.

Work for tomorrow:

Controling emotions in management. Control risk in trades. I need to be ready to close trades that are going against me. Fear was present today and i will be focused tomorrow in that for manage it.

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  #20 (permalink)
Europe
 
 
Posts: 79 since Dec 2013
Thanks: 428 given, 150 received


Hi,

A little update about how it's going my simulated combine. I didn't have time this 2 days for update my journal, but have taken in the last 2 days a few lucky trades and i pass this combine. I say i pass because i have arribed at my profit target. I think that was only lucky and i want to restart again a new combine for to see if it was only lucky or maybe i'm ready for work seriously on it.

For the trades i have been taken i think it can be lucky more than other thing. The trades were made it at hours than normally i don't trade and this is why i need to see what happens in my new combine.

I will be focused only trading the normal times that i trade and i will see.



And remember:

If you like this journal and find it valuable to you, please click here and hit the thanks button. Unfortunately you can only thank me once in the voting thread but you can thank me all you like here .



Last edited by ofatrader; October 9th, 2014 at 08:48 AM.
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