Tap In's Corner - Trading Journals | futures io social day trading
futures io futures trading


Tap In's Corner
Updated: Views / Replies:44,226 / 839
Created: by Tap In Attachments:1,598

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

Reply
 1,598  
 
Thread Tools Search this Thread
 

Tap In's Corner

  #291 (permalink)
Elite Member
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 912 since Feb 2013
Thanks: 2,067 given, 1,858 received

Weekly Summary 7/6/15 to 7/10/15

Weekly Summary 7/6/15 to 7/10/15
Live Trades: 11, 4 winners, 7 losers
Weekís P/L: $34.18

Starting balance for the week: $2309.59
Withdrawals for the week: $0
Deposits for the week: $0
Ending balance for the week: $2343.77

Beginning account balance from first live trade on 3/10/15: $3000.00
Total Withdrawals: $0
Total Deposits: $0
Total Gains/losses from 3/10/15: -$656.23

Attached Thumbnails
Tap In's Corner-2015-07-13_weekly_stats.png   Tap In's Corner-2015-07-13_weekly_account_balance.png  
Reply With Quote
The following user says Thank You to Tap In for this post:
 
  #292 (permalink)
Elite Member
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 912 since Feb 2013
Thanks: 2,067 given, 1,858 received

7/13/15 Monday

7/13/15 Monday
Live Trades: 1 win, 1 loss
Dayís P/L: -$6.00

Both trades on ZN. 1st trade was a loss and the next trade caught the move I was originally looking for.

Still looking at the 3X charts. I need to adjust my perception of a good pattern when looking at the 3X. It is easy to pass on a lot of trades because the patterns look too small. On the 1X charts they look fine.

Attached Thumbnails
Tap In's Corner-2015-07-13_cl.png   Tap In's Corner-2015-07-13_gc.png   Tap In's Corner-2015-07-13_ng.png   Tap In's Corner-2015-07-13_ym.png   Tap In's Corner-2015-07-13_6e.png   Tap In's Corner-2015-07-13_zn.png  
Reply With Quote
The following user says Thank You to Tap In for this post:
 
  #293 (permalink)
Elite Member
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 912 since Feb 2013
Thanks: 2,067 given, 1,858 received

7/14/15 Tuesday


7/14/15 Tuesday
Live Trades: 1 win, 3 losses
Dayís P/L: -$200.60

4 trades today. One was accidental. The three purposeful trades were on ZN and resulted in 0t, minus commissions. I find myself gravitating to ZN more and more for a couple of reasons; most trade-able patterns involve relatively low risk, and I seem to be more confident in my read of this market. It has performed the best of all the instruments I trade.

The accidental trade was on QM, and a bit costly. I had inadvertently left a limit order in the market, thinking it was cancelled. When I came back to the screen later it had filled and stopped me out. The stop out was twice what was required. The trade was actually a decent set up and could have easily reached target on another day. Unfortunately I find that the market gods rarely give a break on a mistake.

Attached Thumbnails
Tap In's Corner-2015-07-14_qm.png   Tap In's Corner-2015-07-14_gc.png   Tap In's Corner-2015-07-14_ng.png   Tap In's Corner-2015-07-14_ym.png   Tap In's Corner-2015-07-14_6e.png   Tap In's Corner-2015-07-14_zn.png  
Reply With Quote
The following user says Thank You to Tap In for this post:
 
  #294 (permalink)
Elite Member
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 912 since Feb 2013
Thanks: 2,067 given, 1,858 received

7/15/15 Wednesday

7/15/15 Wednesday
Live Trades: 1 win
Dayís P/L: $14.23

One silly trade on M6E with one contract just for kicks. The trade actually worked out nice. Iím happy my judgement was correct even though it didnít make much. M6E is actually a nice alternative for anyone wanting to trade the Euro with reduced leverage. Commissions are a bit high for the tick value but if you trade bigger patterns it shouldn't be a problem.

The big miss today was on ZN. There was a textbook set up that for some reason I was reluctant to enter. I could have added in a couple of locations, with hardly any extra risk, and ridden it for some really nice gains. I will use it as a model on how I might pyramid ZN in the future.

Everything else was pretty quiet. I placed more real time markers today with decent results:

Trade and marker results:
4 wins
2 BE
2 losses

Of the last 30 trades and/or markers I am hovering between 65% and 85% to +1R before -1R. I think going back to focusing on the 3X charts has contributed to these improved results. As a result my confidence is improving.

Traveling for the next week so I am not sure there will be much trading or journaling. I may sneak a peek every so often.

Attached Thumbnails
Tap In's Corner-2015-07-15_cl.png   Tap In's Corner-2015-07-15_gc.png   Tap In's Corner-2015-07-15_ng.png   Tap In's Corner-2015-07-15_ym.png   Tap In's Corner-2015-07-15_m6e.png   Tap In's Corner-2015-07-15_zn.png  
Reply With Quote
The following user says Thank You to Tap In for this post:
 
  #295 (permalink)
Elite Member
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 912 since Feb 2013
Thanks: 2,067 given, 1,858 received

7/22/15 Wednesday

7/22/15 Wednesday
Live Trades: 1 win, 1 loss
Dayís P/L: -$5.77

First day back after a week off. Two trades, one on ZN and one on YM. Basically the trades cancelled and I lost commissions.

Trade 1: ZN. Got to +7 ticks. Could have taken +1R (+5t) but held out for +2R (+10t). When it broke a new trend line I exited. +2t

Trade 2: YM. Looking for resumption of the down trend. After a couple of failed attempts it was evident that it wasnít time. Exited at a minor loss. -6t

Placed a lot of markers at valid trade set ups. Results were good in the morning with 5 out of 6 getting to +1R. Got a little chopped up in the afternoon.

Marker and trade results:
4 wins
4 losses
4 BE

Attached Thumbnails
Tap In's Corner-2015-07-22_cl.png   Tap In's Corner-2015-07-22_gc.png   Tap In's Corner-2015-07-22_ng.png   Tap In's Corner-2015-07-22_ym.png   Tap In's Corner-2015-07-22_m6e.png   Tap In's Corner-2015-07-22_2105.png  
Reply With Quote
 
  #296 (permalink)
Elite Member
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 912 since Feb 2013
Thanks: 2,067 given, 1,858 received

7/23/15 Thursday

7/23/15 Thursday
Live Trades: 1 win
Dayís P/L: $0.98

One trade that didnít go far on YM. Paid for commissions.

Very slow start to the day but picked up after the natural gas report. That along with oil were the big misses today. Even though the equities moved a long distance there were not very many entries according to my rules. Some days are like that.

Marker and trade activity was mixed:
1 win
3 losses
3 BE

Still slightly ahead if all profits taken at 1R, but behind if I were to hold off for 2R.

Attached Thumbnails
Tap In's Corner-2015-07-23_cl.png   Tap In's Corner-2015-07-23_gc.png   Tap In's Corner-2015-07-23_ng.png   Tap In's Corner-2015-07-23_ym.png   Tap In's Corner-2015-07-23_m6e.png   Tap In's Corner-2015-07-23_zn.png  
Reply With Quote
The following user says Thank You to Tap In for this post:
 
  #297 (permalink)
Elite Member
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 912 since Feb 2013
Thanks: 2,067 given, 1,858 received

7/24/15 Friday

7/24/15 Friday
Live Trades: 0
Dayís P/L: $0

No trades. The early slow activity threw me off a bit. There were some great opps later but I did not have the wherewithal to take advantage.

Attached Thumbnails
Tap In's Corner-2015-07-25_cl.png   Tap In's Corner-2015-07-25_gc.png   Tap In's Corner-2015-07-25_ng.png   Tap In's Corner-2015-07-25_tm.png   Tap In's Corner-2015-07-25_m6e.png   Tap In's Corner-2015-07-25_zn.png  
Reply With Quote
 
  #298 (permalink)
Elite Member
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 912 since Feb 2013
Thanks: 2,067 given, 1,858 received

Weekly Summary 7/13 to 7/24/15

Weekly Summary 7/13 to 7/24/15
Live Trades: 10, 5 winners, 5 losers
Two Week’s P/L: -$197.16

Starting balance for the two weeks: $2343.77
Withdrawals for the week: $0
Deposits for the week: $0
Ending balance for the two weeks: $2146.61

Beginning account balance from first live trade on 3/10/15: $3000.00
Total Withdrawals: $0
Total Deposits: $0
Total Gains/losses from 3/10/15: -$853.39

This weekly summary covers two weeks since I was on vacation half the time.

The majority of my losses these past two weeks came on an accidental entry (-$191.69). An order was in the market that I thought was cancelled. It filled and stopped out at twice the normal stop value while I was away from the screen. Of course, if good fortune were smiling on me that day it could have worked out well, but as with most things in trading, mistakes rarely make money.

I am continuing to get more comfortable with live trading. Despite being down $850, live trading isn’t the bogyman I once feared. Slippage is not a factor, and a good portion of the losses have come from accidental entries and commissions. 93 live trades taken since March 10. Commissions represent $349.02. Eliminate the accidental entries and I am close to break-even with my deliberate trades.

Of course, this is not how one makes a living trading! My trades tend to come in areas that are more “comfortable”. Often these are areas where price has tested and retested again. The problem is that this retesting is often nothing more than the beginning of chop, or even a reversal. The best trades seem to be those that don’t stick around very long and these are the ones I hesitate on for fear of getting trapped. I need to be more willing to put myself out there without confirmation, with the belief that I will win more than I will lose.

Additionally, there are many trade areas where I have a strong positive feeling but am still paralyzed to enter. The bottom line is that I will not fully realize success in trading until I am willing to take them all. As I have documented in other posts this is a bit scary since taking them all could also mean losing them all, for big losses.

In any case I feel I am progressing, even though the results do not show yet. Getting accustom to live trading was always the next necessary step. Now I need to get a bit bolder and put my money towards more of my ideas.

My real time marker and trade results for the last two weeks were pretty good:

8 reached 2R or more
13 reached between 1R and 2R
12 hit the full stop at -1R

In conclusion, 21 trade areas made it to at least 1R while 12 areas hit the full stop of -1R. If R = $150, and I took all profits at 1R, I would be ahead 9R or $1350 per contract. In the future, 1R could be my first shed with multiple contracts. Now I just need to swap the markers for real trades and let the trades run to their logical conclusion.

Attached Thumbnails
Tap In's Corner-2015-07-26_account_summary.png   Tap In's Corner-2015-07-26_stats.png  
Reply With Quote
The following 2 users say Thank You to Tap In for this post:
 
  #299 (permalink)
Elite Member
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 912 since Feb 2013
Thanks: 2,067 given, 1,858 received

7/27/15 Monday

7/27/15 Monday
Live Trades: 2 losses
Dayís P/L: -$33.62

Two trades two losses. M6E and QM. Both ended up being traps and actually went a nice distance in the opposite direction. Didnít get hurt too bad though. Got out at -1t on QM and only traded one contract on M6E.

Attached Thumbnails
Tap In's Corner-2015-07-27_qm.png   Tap In's Corner-2015-07-27_m6e.png  
Reply With Quote
 
  #300 (permalink)
Elite Member
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 912 since Feb 2013
Thanks: 2,067 given, 1,858 received

7/28/15 Tuesday


7/28/15 Tuesday
Live Trades: 1 win
Dayís P/L: $135.40

One trade on NG for +14t. Managed to hold it through a 1R gain, looking for 2R, before it came back and stopped out around 1R.

Failed to take advantage of relatively easy trading on the rally in the equities and oil. Sometimes my attention wanders to other things, and I look back to notice some missed trades. After missing the first trades I become skeptical that the next area will be successful, and pass on that too. Iíll need to work a little harder on staying focused as it seems the equities have come alive.

One interesting point about today. It started out looking very uninteresting and unclear from 5:30 to 7:30. By 7:30 the equities, CL, and NG all broke open and began to show their true intentions. I need to remember this when feeling impatient to trade, or lackadaisical about a particular day's action. Wait patiently and the answer will often reveal itself!

Real time marker activity, combined with the live trade, was mixed:

3 wins
4 losses
1 BE

Attached Thumbnails
Tap In's Corner-2015-07-28_cl.png   Tap In's Corner-2015-07-28_gc.png   Tap In's Corner-2015-07-28_ng.png   Tap In's Corner-2015-07-28_nq.png   Tap In's Corner-2015-07-28_6e.png   Tap In's Corner-2015-07-28_zn.png  
Reply With Quote

Reply



futures io > > > Tap In's Corner

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Opening Breakouts and Reversals w/Al Brooks

Elite only
 

Introducing daytradr by Jigsaw, new stand-alone platform

Oct 19
 

RandBots: AutoTrading Bots to diversify your trading

Oct 24
 

TopstepTrader: Profiting Without Risking Your Own Money

Oct 26

Building Open Source Indicators for NT8 w/Fat Tails @ Lizard Indicators

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
.....Germany says further steps needed before banks tap ESM kbit News and Current Events 0 September 15th, 2012 03:14 PM
Are US Jobs Recovering? 'We Turned the Corner Months Ago' Quick Summary News and Current Events 0 December 22nd, 2011 01:50 PM
Did Markets Know Obama Would Tap Oil Reserve? Quick Summary News and Current Events 1 July 6th, 2011 07:20 PM
Oil Will Steer Stocks, but Jobs Report and Bernanke on Tap Quick Summary News and Current Events 0 February 26th, 2011 12:20 AM
Mortgage Delinquencies Are Starting to Turn the Corner Quick Summary News and Current Events 0 February 17th, 2011 07:50 PM


All times are GMT -4. The time now is 05:54 AM.

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 2017-10-17 in 0.15 seconds with 20 queries on phoenix via your IP 54.224.203.224