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


Tap In's Corner
Updated: Views / Replies:41,708 / 839
Created: by Tap In Attachments:1,597

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
 1,597  
 
Thread Tools Search this Thread
 

Tap In's Corner

  #331 (permalink)
Trading Apprentice
Vancouver, BC
 
Futures Experience: Beginner
Platform: Other
Favorite Futures: MJY, M6A, M6E, M6G, N225M, MCD
 
Posts: 25 since Sep 2014
Thanks: 0 given, 17 received

Nice job. It was very interesting to hear about your "sim week". Sounds like you're gaining some insight from this exercise.


Is moving to BE when up 4ticks part of your plan? I'm struggling with a similar concept, the temptation to move to BE to mitigate potential for any loss (or moving a trailing stop close once I'm up a bit). I'm keeping note of how often this helps vs. hurts me. So far, from limited observations of my forex trades, it does not seem to be as beneficial as I imagined. The missed opportunities are quite large.

Reply With Quote
The following user says Thank You to thetamax8 for this post:
 
  #332 (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: 910 since Feb 2013
Thanks: 2,063 given, 1,854 received


thetamax8 View Post
Nice job. It was very interesting to hear about your "sim week". Sounds like you're gaining some insight from this exercise.


Is moving to BE when up 4ticks part of your plan? I'm struggling with a similar concept, the temptation to move to BE to mitigate potential for any loss (or moving a trailing stop close once I'm up a bit). I'm keeping note of how often this helps vs. hurts me. So far, from limited observations of my forex trades, it does not seem to be as beneficial as I imagined. The missed opportunities are quite large.

My risk on ZN is usually 5 ticks so moving to BE at 4 ticks is not horrible (at this writing I refuse take a loss after price has reached +1R). Since it was the only trade of the week, it was Friday and price took a while to get to 4t, I was a little more cautious. I have tended to do better when I trade on the cautious side, taking lots of BE and waiting for trades that take off and never look back. When I get a consistently higher win rate, I'll let them wander around a bit more. My opinion is that a trader should be very protective until they are good, especially with real money. Don't get too caught up in grieving over missed moves.

Reply With Quote
 
  #333 (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: 910 since Feb 2013
Thanks: 2,063 given, 1,854 received

Weekly Summary 8/17/15 to 8/21/15


Weekly Summary 8/17/15 to 8/21/15
Live Trades: 1 loser
Weekís P/L: -$3.00

Starting balance for the week: $2903.91
Withdrawals for the week: $0
Deposits for the week: $0
Ending balance for the week: $2900.91

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: -$99.09

Last week I took a break from live trading to test my method to its maximum in sim. The idea was to take every trade that I saw so that I would leave nothing on the table to mark later in hindsight. I also wanted to determine if it was possible to manage all these trades in real time and how often I would have multiple trades on.

The results:
96 trades
42 wins
54 losses

The results were poor when I took everything. They were better when I waited for certain events to create better context. Events include bounces off S/R, supply/demand lines, Strong directional moves with volume, etc. Seeing and taking that many trades was not difficult. Often there were up to 4 trades on at the same time so margin would be higher. Also need to find a better way to mark missed trade opportunities. The hindsight thing is ok to a certain point, but one needs to be really cautious of relying on it to gauge the validity of a method.

Back to live trading this week. I may occasionally switch to sim for practice.

Attached Thumbnails
Tap In's Corner-2015-08-23_account_summary.png  
Reply With Quote
The following 4 users say Thank You to Tap In for this post:
 
  #334 (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: 910 since Feb 2013
Thanks: 2,063 given, 1,854 received

8/25/15 Tuesday

8/25/15 Tuesday
Live Trades: 3, 2 win, 1 loss
Dayís P/L: $53.23

One trade on M6E and two trades on ZN. Once again hesitated on the best trade of the day on YM in the afternoon. Waited a long time for it, and when the moment arrived, I chickened out. I am getting really good at waiting for set ups but still hesitating when they arrive. Placed a lot of dots in real time where I though decent trades set up. With a few exceptions I think I was reading things correctly.

Charts annotated with thoughts. Two charts for YM today due to the volatility.

Attached Thumbnails
Tap In's Corner-2015-08-25_cl.png   Tap In's Corner-2015-08-25_gc.png   Tap In's Corner-2015-08-25_ng.png   Tap In's Corner-2015-08-25_ym_1.png   Tap In's Corner-2015-08-25_ym_2.png   Tap In's Corner-2015-08-25_m6e.png   Tap In's Corner-2015-08-25_zn.png  
Reply With Quote
 
  #335 (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: 910 since Feb 2013
Thanks: 2,063 given, 1,854 received

8/24/15 Monday-Forgot to post this yesterday

8/24/15 Monday
Live Trades: 5, 1 win, 4 losses
Dayís P/L: -$8.67

Forgot to post this yesterday:


Back to live trading. 5 trades, 2 on M6E and 3 on ZN. Managed to avoid all profits by passing on the best trades and waiting for the marginal ones. Same old garbage.

Reply With Quote
 
  #336 (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: 910 since Feb 2013
Thanks: 2,063 given, 1,854 received

8/26/15 Wednesday

8/26/15 Wednesday
Live Trades: 3, 1 win, 2 losses
Dayís P/L: $131.71

There was good news and bad news today. The good news is that I passed a milestone by getting my account back into the black after being down almost $900, so weíre working in the right direction. Took three trades, 2 on M6E and one on ZN. 6E is proving to be a bitch to trade for me. Thankfully I am taking my losses on M6E where the contract value is 1/10th, otherwise it would be eating my lunch. The one trade on ZN work beautifully and fast to its 2R target. So, with all that, I am grateful.

The bad news is that I feel like Iím missing out on the gold rush by hesitating and trading scared. Rarely has there been such opportunity for the day trader as the last three days. These are the times that need to be taken advantage of. I feel like I am reading the market better than ever and just need to click the button and get a couple nice trades under the belt. Thatís all it would take, to catch just one of those 200 tick moves that YM has been ripping off with regularity. Then I could trade with a bit more freedom. At least thatís the story Iím sticking with!

Marked up a lot of areas that work out today, just need to hit the button. Having said that, there is no need to get anxious. The worst thing to do is to force it. Just hit the button when the good opportunities appear, thatís all.

2 charts for YM again today because of volatility.

Attached Thumbnails
Tap In's Corner-2015-08-26_cl.png   Tap In's Corner-2015-08-26_gc_.png   Tap In's Corner-2015-08-26_ng.png   Tap In's Corner-2015-08-26_ym_1.png   Tap In's Corner-2015-08-26_ym_2.png   Tap In's Corner-2015-08-26_m6e.png   Tap In's Corner-2015-08-26_zn_.png  
Reply With Quote
The following 3 users say Thank You to Tap In for this post:
 
  #337 (permalink)
Elite Member
Huntington WV
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 402 since Jun 2015
Thanks: 639 given, 507 received


Tap In View Post

The bad news is that I feel like Iím missing out on the gold rush by hesitating and trading scared. Rarely has there been such opportunity for the day trader as the last three days.

The "Fear of Missing Out" can be an account killer.

Everyday is a gold rush for traders, don't let the action of the past few sessions mess with you.

Reply With Quote
The following 4 users say Thank You to TheTradeSlinger for this post:
 
  #338 (permalink)
Elite Member
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,605 since Jan 2013
Thanks: 26,476 given, 11,003 received


Tap In View Post
There was good news and bad news today. The good news is that I passed a milestone by getting my account back into the black after being down almost $900, so weíre working in the right direction.
...

The bad news is that I feel like Iím missing out on the gold rush by hesitating and trading scared. Rarely has there been such opportunity for the day trader as the last three days. These are the times that need to be taken advantage of.


TheTradeSlinger View Post
The "Fear of Missing Out" can be an account killer.

Everyday is a gold rush for traders, don't let the action of the past few sessions mess with you.

The markets are open every day. Don't think that you are missing out on an irreplaceable opportunity. You really aren't.

Relax and book the profits that you get, and be happy with them.

And congrats for pulling ahead now.

Bob.

Reply With Quote
The following 2 users say Thank You to bobwest for this post:
 
  #339 (permalink)
Elite Member
Sydney, Australia
 
Futures Experience: Intermediate
Platform: Sierra Chart, IRESS
Broker/Data: IB, IQFeed
Favorite Futures: ES, SPI, ASX stocks, options
 
Posts: 399 since Jun 2015
Thanks: 169 given, 446 received


Tap In View Post
Weekly Summary 8/17/15 to 8/21/15
Live Trades: 1 loser
Weekís P/L: -$3.00

Starting balance for the week: $2903.91
Withdrawals for the week: $0
Deposits for the week: $0
Ending balance for the week: $2900.91

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: -$99.09

Last week I took a break from live trading to test my method to its maximum in sim. The idea was to take every trade that I saw so that I would leave nothing on the table to mark later in hindsight. I also wanted to determine if it was possible to manage all these trades in real time and how often I would have multiple trades on.

The results:
96 trades
42 wins
54 losses

The results were poor when I took everything. They were better when I waited for certain events to create better context. Events include bounces off S/R, supply/demand lines, Strong directional moves with volume, etc. Seeing and taking that many trades was not difficult. Often there were up to 4 trades on at the same time so margin would be higher. Also need to find a better way to mark missed trade opportunities. The hindsight thing is ok to a certain point, but one needs to be really cautious of relying on it to gauge the validity of a method.

Back to live trading this week. I may occasionally switch to sim for practice.

I think it's awesome that you tested your system without context and found it was unreliable, instead of just postulating about it. The confidence you get from testing something is quite important I think.

Reply With Quote
The following 4 users say Thank You to PeakGrowth for this post:
 
  #340 (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: 910 since Feb 2013
Thanks: 2,063 given, 1,854 received



PeakGrowth View Post
I think it's awesome that you tested your system without context and found it was unreliable, instead of just postulating about it. The confidence you get from testing something is quite important I think.

Hypothesize, test, hypothesize, test. That's kind of what learning how to trade is about. No sense in fooling oneself, though there is something to be said for blissful ignorance.

Reply With Quote
The following 3 users say Thank You to Tap In for this post:

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)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

An Afternoon with FIO member Softsoap

Elite only

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only

Prototyping Python Strategies (part 3) w/Ran Aroussi

Elite only

Brannigan Barrett w/Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

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 10:43 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 2017-07-26 in 0.16 seconds with 20 queries on phoenix via your IP 23.20.193.33