New Beginnings Trade Journal - futures io
futures io



New Beginnings Trade Journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one BoltTrader with 26 posts (42 thanks)
    2. looks_two dix173 with 2 posts (2 thanks)
    3. looks_3 ESCL with 1 posts (1 thanks)
    4. looks_4 Quick Summary with 1 posts (0 thanks)
    1. trending_up 2,517 views
    2. thumb_up 45 thanks given
    3. group 7 followers
    1. forum 29 posts
    2. attach_file 30 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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
 

New Beginnings Trade Journal

(login for full post details)
  #1 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

I have had a nice break and am returning to start a new $100,000 Continuous Combine tomorrow. This journal is to track my trades, progress and provide accountability. Why the name "New Beginnings" because it is a fresh start to my journey in seeking to obtain a funded account with TopStep Trader and I have a renewed mindset. My problem was not my trade plan but my pride, lack of discipline and overall mindset.

During this Combine I will be trading the following setups:
  • Bolt Waves
  • Bolt Reversals
  • Bolt Breakouts and
  • Price Action Setups

I will be trading 3 contracts to begin with and using the following stop strategy:
  • Catastrophic stop of -17 ticks
  • Stop moves to -12 at +5 ticks
  • A trailing stop of -17 will move every +2 ticks
  • Stop will be moved to +1 at +16 ticks

Regardless of the setup being used the following two targets will be used for taking profit:
  • T1: +11 ticks
  • T2: +22 ticks

Whenever, I elect to use both targets, only 1 contract will be used for T2 regardless of how many contracts I may trade.

In addition, I have elected to use nothing but range bar charts with candlesticks during this Combine.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 3 users say Thank You to BoltTrader for this post:

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(113 thanks from 18 posts)
looks_twoSalao's Journalby Salao
(36 thanks from 8 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(33 thanks from 14 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(14 thanks from 9 posts)
looks_5Maybe a little bit different journalby Malykubo
(10 thanks from 10 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Would You Sell Your System?
75 thanks
Big Mike in Ecuador
57 thanks
The Crude Dude Oil Trading System
50 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
25 thanks
futures io site changelog and issues/problem reporting
24 thanks
 
(login for full post details)
  #3 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received


The following 3 trades were taken today in my simulation account:

Crude (CL)



Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to BoltTrader for this post:
 
(login for full post details)
  #4 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

I passed earlier this morning on what turned out to be the best signal so far. Here I took a 2LF for only 1 target of +11 because of congestion and anticipation of one more push up before failing (if the sellers are going to regain control). Unfortunately, price did exactly what I was thinking but I missed the next trade because of typing this journal entry. I may think about showing my trades at the end of day only. However, for now here is my picture of my first trade:

Crude (CL)


Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to BoltTrader for this post:
 
(login for full post details)
  #5 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

This is a picture of the missed trade that I mentioned in the last journal entry:

Crude (CL)


Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to BoltTrader for this post:
 
(login for full post details)
  #6 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

Crude (CL)


Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to BoltTrader for this post:
 
(login for full post details)
  #7 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

Here is my trade report for the day:

Trade Report


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to BoltTrader for this post:
 
(login for full post details)
  #8 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

I have decided to move T2 to +20 ticks instead of +22 on trades where I will be using a second target. In addition, I have slightly modified my stop strategy to the following:


17 Tick Stop Strategy



If T2 is filled I will net over $400 per trade with 3 contracts. Whereas, if price hits +20, doesn't fill, and stops me out I will net over $350 either way will work towards achieving my Combine goal and I am content with both.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to BoltTrader for this post:
 
(login for full post details)
  #9 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

I missed the first setup and got in late on my trade because I was away from the computer. The end result is that the trade worked out and would have been a success at +11 ticks with 3 contracts but because the open was in 1 minute and CL hadn't reached the target yet I moved the stop to +1 where I was stopped out at on all 3 contracts.

Crude (CL)


Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #10 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received


After doing so well this morning on NOT trading foolishly with all the markets I watch being so dead I got aggressive on the 6E with 2 contracts. I tried for a 2LF a few ticks early to get an edge on the stop run and basically got caught at the bottom of the range. Thankfully, I moved my stop to -12 vs. -17 when I realized that my gamble didn't pay off and semi-limited my losses. Trying to force a trade never pays off!

Euro FX (6E)


Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #11 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

Here is a picture of the markets I am watching and where they are at currently. I have to laugh at myself as I took a break away from the computer and when I return the trade I was anticipating on the 6E just triggered and would have been good for the +11 ticks. Bummer! Oh well, hopefully I will remember my lesson.

Market Snapshot



P.S. As you may have noticed that bad decision on the 6E also hurt me in another way. While in the losing trade on the 6E I wasn't able to take the great setup that occurred after the news settled on CL

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to BoltTrader for this post:
 
(login for full post details)
  #12 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

I am attempting to limit my trades to 3 a day. On this trade, the way CL stopped and failed just above the overnight range I was expecting it to return and test the low of the overnight range. However, with that being said, I still totally messed up on this entry. I didn't take into consideration the long bull channel and wait for a 2LF but jumped in early. To make things worse I didn't even wait for a 2S. The result as you can see was painful! I was NOT focused and mentally sharp enough on today's trading so it was actually easy to stop trading and take my lumps.

Crude (CL)



Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to BoltTrader for this post:
 
(login for full post details)
  #13 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

Here is my end of day summary picture on all markets traded today:

End of Day



Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to BoltTrader for this post:
 
(login for full post details)
  #14 (permalink)
ESCL
Vancouver, Canada
 
 
Posts: 5 since May 2015
Thanks: 0 given, 1 received


BoltTrader View Post
I have had a nice break and am returning to start a new $100,000 Continuous Combine tomorrow. This journal is to track my trades, progress and provide accountability. Why the name "New Beginnings" because it is a fresh start to my journey in seeking to obtain a funded account with TopStep Trader and I have a renewed mindset. My problem was not my trade plan but my pride, lack of discipline and overall mindset.

During this Combine I will be trading the following setups:
  • Bolt Waves
  • Bolt Reversals
  • Bolt Breakouts and
  • Price Action Setups

I will be trading 3 contracts to begin with and using the following stop strategy:
  • Catastrophic stop of -17 ticks
  • Stop moves to -12 at +5 ticks
  • A trailing stop of -17 will move every +2 ticks
  • Stop will be moved to +1 at +16 ticks

Regardless of the setup being used the following two targets will be used for taking profit:
  • T1: +11 ticks
  • T2: +22 ticks

Whenever, I elect to use both targets, only 1 contract will be used for T2 regardless of how many contracts I may trade.

In addition, I have elected to use nothing but range bar charts with candlesticks during this Combine.


How long will you need to trade to prove to Top Step that you qualify for funded account?

Reply With Quote
The following user says Thank You to ESCL for this post:
 
(login for full post details)
  #15 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

A minimum of 10 days. If you meet the profit objective without violating their conditions you will be considered for a funded account. Here is a link that gives you more info:

https://www.topsteptrader.com:443/learnmore

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to BoltTrader for this post:
 
(login for full post details)
  #16 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

Here are my trade reports for today:

Crude (CL)



Euro FX (6E)


Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to BoltTrader for this post:
 
(login for full post details)
  #17 (permalink)
 dix173 
SD, California
 
Experience: Beginner
Platform: NinjaTrader
Broker: Interactive Broker
Trading: ES, NQ
 
Posts: 62 since Oct 2013
Thanks: 81 given, 56 received


BoltTrader View Post
The following 3 trades were taken today in my simulation account:

Crude (CL)



Did you consider to let the winning ones run? Seems lots money left on the table. Probably you can just set a stop to protect your 2nd profit target once it's reached? I'm not saying letting winning one run will for sure give you better PnL but just want to see your reasoning of setup.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to dix173 for this post:
 
(login for full post details)
  #18 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

This was a 2LF on Crude:

Crude (CL)



Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to BoltTrader for this post:
 
(login for full post details)
  #19 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

Quick scalp with 3 contracts for +5. The trade would have worked for +11 but because of news and Globex High I closed it as a scalp.

Crude (CL)



Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to BoltTrader for this post:
 
(login for full post details)
  #20 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

Big mistake! I took a 2SF, price came w/i 1 tick of my target and anticipating price to retest the Globex Low I moved the stop back out to the catastrophic stop of -15. Price continued to retrace and stop me out. Now, while I am doing this entry price did exactly as I expected with a beautiful stop run and I missed it. Game back most of my profits today due to stupidity!

Gold (GC)




Lesson: Never move my stops from my ATM strategy!

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to BoltTrader for this post:
 
(login for full post details)
  #21 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

Took a 2S Continuation entry with 2 contracts. Good for +11 each.

Euro FX (6E)



Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to BoltTrader for this post:
 
(login for full post details)
  #22 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received


dix173 View Post
Did you consider to let the winning ones run? Seems lots money left on the table. Probably you can just set a stop to protect your 2nd profit target once it's reached? I'm not saying letting winning one run will for sure give you better PnL but just want to see your reasoning of setup.

Being honest, mentally it is too difficult for me to do. I have a lot of baggage from the past that I still struggle to overcome. I use to trade like that and watched too many large winners turn into modest gains or small losses. I hate giving money back. Really the most that I am able to go for now is 22 ticks which actually is perfect for Crude (CL). I have been toying with the idea of +30 but that will probably be somewhere in the future.

I have no problem leaving money on the table for others to enjoy. In addition, all I have to do is add a contract to my first target and I will increase my earnings. Basically, my plan when I get funded is to trade the first 5 contracts for target 1 which is over $500 after commissions. The next contract I intend to let run to 22 ticks or get stopped out. The next 5 contracts will be for target 1 and then the following contract will be a runner to +22 ticks. So basically, 10 contracts for +11 and 2 contracts +22. Any additional contracts beyond that I will add to T1.

I am not worried about what others think, I don't need big trades to feel good as a trader and I have no problem paying commissions they are just part of doing business and I can still earn a nice paycheck. Think about it, 1 successful trade a day with 5 only contracts is about $525 after commissions. TopStep Trader pays 80% which means you are earning about $400 / day before taxes. Do that 20 days in a month and that is $8,000. Do that 220 days a year and that is $88,000. Add one more contract and you are over 6 figures with just 1 successful trade a day.

Hope this answered your question.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to BoltTrader for this post:
 
(login for full post details)
  #23 (permalink)
 dix173 
SD, California
 
Experience: Beginner
Platform: NinjaTrader
Broker: Interactive Broker
Trading: ES, NQ
 
Posts: 62 since Oct 2013
Thanks: 81 given, 56 received


BoltTrader View Post
and watched too many large winners turn into modest gains or small losses.

Yes I also had some problem and it's super painful to me. Now I normally book half at 1st target and leave 2nd half there; I want to read the context for the 2nd half, if momentum is still there I more likely to let it run otherwise, place a stop to protect profit and set a limit order for 2nd profit target.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to dix173 for this post:
 
(login for full post details)
  #24 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

I kept having to leave, come back, leave again for my daughter and wife today, so the trading from midmorning on was hit and miss. Overall, I took too many trades but ended up about $375 to the positive which I am pleased with. Too tired to go back and do my end of the day summary so tonight is just the trade reports. Here they are:

Crude (CL)




Euro FX (6E)




Gold (GC)



I figure with the holiday weekend any trading tomorrow needs to be done early so I am going to bed here shortly. Hope everyone had a great trading day!

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to BoltTrader for this post:
 
(login for full post details)
  #25 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

I decided NOT to trade today because of the holiday and figured I would resume trading next Tuesday. I glanced at the charts to see what the morning looked like and wow do I wish I would have traded. Here is a chart of CL with the trade setups from 8:00am EST on:

Crude (CL)



Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to BoltTrader for this post:
 
(login for full post details)
  #26 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

I was unable to trade the morning session today so I took 1 simulated trade around 2:00 pm (EST). It was with 3 contracts for +11 ticks. A net of $318.96 after commissions. Here is the picture:

Crude (CL)


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to BoltTrader for this post:
 
(login for full post details)
  #27 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

My goal for the day was 2 positive trades with 3Ks each @ +11 and stop. Goal reached but I had a small loss with 3Ks along the way. Here is the picture:

Crude (CL)


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to BoltTrader for this post:
 
(login for full post details)
  #28 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

Here is my TST Combine Report for today:

Crude (CL)



I am getting back on track again!

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 6 users say Thank You to BoltTrader for this post:
 
(login for full post details)
  #29 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

I just got home a short while ago and it is already after 11:00 pm (AZ time) and since I am trying to get to bed earlier I am just going to post a picture of my Gold trade taken yesterday and my Continuous Combine Journal Entry for the day.

Gold (GC)



When the Bible says, "Pride leads to a fall." it is so true. I reached my profit goal early on today but instead of switching to my simulated account I was determined to get one more good trade with 3 contracts of +11 each. However, instead I gave back most of my profits and am thankful to end the day POSITIVE. Lesson: When I reach either my profit goal or my trading goal stop for the day!

Journal for 5.28.15


Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to BoltTrader for this post:
 
(login for full post details)
  #30 (permalink)
 BoltTrader 
Market Wizard
Phoenix + AZ/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
 
Posts: 532 since Jul 2014
Thanks: 2,481 given, 831 received

Here are my trade reports for today:

Gold (GC)




E-Mini Dow (YM)




Crude (CL)




Euro FX (6E)


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 3 users say Thank You to BoltTrader for this post:


futures io Trading Community Trading Journals > New Beginnings Trade Journal


Last Updated on May 29, 2015


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April

Seven Trading Mistakes Solved With Smart Trading Tools w/Brannigan Barrett

Elite only
     



Copyright © 2021 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