A Cowboy's Trading Journal - Trading Journals | futures io social day trading
futures io futures trading


A Cowboy's Trading Journal
Updated: Views / Replies:36,951 / 821
Created: by bmtrading9 Attachments:213

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
 213  
 
Thread Tools Search this Thread
 

A Cowboy's Trading Journal

  #221 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,095 since Nov 2014
Thanks: 2,125 given, 1,593 received


bmtrading9 View Post
..we have to wait and see which one will give up...I am trying to position myself for sharp up and immediate sell off.

Sounds like a wild roller coaster. Don't forget your seatbelt!

Be careful and good luck.

Reply With Quote
The following user says Thank You to Narcissus for this post:
 
  #222 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
Thanks: 2,826 given, 1,960 received
Forum Reputation: Legendary

As expected I got a sharp up, let's see if we get a sharp down, doesn't look like that but let's see...

Reply With Quote
 
  #223 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
Thanks: 2,826 given, 1,960 received
Forum Reputation: Legendary



bmtrading9 View Post
As expected I got a sharp up, let's see if we get a sharp down, doesn't look like that but let's see...

Ok...got sharp up and down, what now? price is recovering nicely which is not what I want...I will go flat if price closes above 2075 (last weeks high).

Reply With Quote
 
  #224 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
Thanks: 2,826 given, 1,960 received
Forum Reputation: Legendary


bmtrading9 View Post
Ok...got sharp up and down, what now? price is recovering nicely which is not what I want...I will go flat if price closes above 2075 (last weeks high).

Still freaking short, not liking it at all...probably give another day...I had nice opportunity to go flat at lows but the news event I got to move the market was there, initial reaction was in favor of short term pull back but didn't happen, I kind of surprised at everything now...don't know...just hit buy and close my eyes looks like that's the only way now...let me see tomorrows action and see...

Reply With Quote
 
  #225 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,010 since Jun 2009
Thanks: 29,169 given, 82,192 received


bmtrading9 View Post
Still freaking short, not liking it at all...probably give another day...I had nice opportunity to go flat at lows but the news event I got to move the market was there, initial reaction was in favor of short term pull back but didn't happen, I kind of surprised at everything now...don't know...just hit buy and close my eyes looks like that's the only way now...let me see tomorrows action and see...

I have to say, you really need some tough love @bmtrading9.

I hate to do this to you, but I think it's for your own good. If I don't do it, you are going to blow your account!

Unleash the @tigertrader

@tigertrader, some people despise you for being brutally honest, but I know your intentions are good. Sometimes being brutally honest is exactly what people need, a wake-up call. @bmtrading9 needs serious help and I tried before, and failed, to get through to him.

Can you help?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 4 users say Thank You to Big Mike for this post:
 
  #226 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
Thanks: 2,826 given, 1,960 received
Forum Reputation: Legendary


Big Mike View Post
I have to say, you really need some tough love @bmtrading9.

I hate to do this to you, but I think it's for your own good. If I don't do it, you are going to blow your account!

Unleash the @tigertrader

@tigertrader, some people despise you for being brutally honest, but I know your intentions are good. Sometimes being brutally honest is exactly what people need, a wake-up call. @bmtrading9 needs serious help and I tried before, and failed, to get through to him.

Can you help?

Mike

Yes, please bring it on. Maybe I need hundred whiplashes or more than that...My thinking was right regarding Russel, I entered the trade and exited afterhours thinking can enter later...regarding ES short I thought news event will kick it towards downside, it happened but immediately reversed...by looking at the chart I ask same question again and again how can one be long here and everytime market proves me why not..what if I enter long and market reverses? What if my original plan is right? These questions keeps haunting me...I am sure lot of people went thru this...anyway please help.

Sent from my SAMSUNG-SM-G900A using Tapatalk

Reply With Quote
 
  #227 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
Thanks: 2,826 given, 1,960 received
Forum Reputation: Legendary

Here is little personal background about me

I am a successful software architect earning some six figure salary, with equally successful spouse earning around six figure salary so financially I am stable with two kids (they take up my morning time so can't be around for open)...

I am of Indian origin, studied Bachelor of Science myself i.e self studied and cleared examinations myself, suffered alot during that period because I got very little help/guidance...I am one of the very few to pass that examination. Then I moved to US got a scholarship to study my master and finished my masters, got job etc.

The reason I am telling all this is maybe something is wrong physiologically...

I was buy low and sell high guy, I had not that much success initially around 2007 so left investing etc. then came 2008 crash and I bought all bank stocks and held on to every single one of them until that flash crash, that changed everything for me deep deep inside I am terrified that might happen to me again, then got introduced to shorting/options then to futures...again because of my mentality of buy low I got burnt with oil and left it. So this year I promised myself never ever short so what I did bought ES around 2060 when it dropped from ATH's then after holding because BTFD working all these years and suddenly it stopped working on Aug 24th by that time I was in loss on my long and couldn't get out quickly and reverse the position...again memories of flash crash in front of my eyes....

These are my BIGGEST PROBLEM's what I think are

1. I do my analysis and all then somehow miss the entry and price moves away from me too far (or I let it go too far) then I will start thinking about reversal so what do I do? take opposite position and keep holding. For example yesterday I did my analysis on Russell and entered a long position at proper entry and get out for few points and never entered again because price moved away from me too much and of course FED day.

2. I guess I am good in finding bottom rather than top so I just need to stop looking for top/reverse.

Anyway thanks for taking time and trying to educate and help me...I am prepared to do ANYTHING to fix my trading...

I don't like to watch tick by tick it is making me to make bad decisions one after another.

Swing trading - I enter a position if I am underwater my thought process would be I have time so give my position some time and start looking for confirmation bias, like charts, twitter etc...and keep holding it. If I am good with position then I close is early to see price moves in my direction and cannot buy it back because price is too high and I look for reversals...


Last edited by bmtrading9; October 28th, 2015 at 07:28 PM.
Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
  #228 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
Thanks: 2,826 given, 1,960 received
Forum Reputation: Legendary

I started reading book THE DISCIPLINED TRADER by Mark Douglas. I exited my short at 2076 and entered long bcoz price is unable to close below below previous weeks high but looks like I am going to get stopped out, but that should be fine...anyway looks like I can't find context, l can't trade long or short because I am always fearful, can't reverse quickly and always my stops get hit bcoz of small stops, if I go for wider timeframe market pulls away so much then my timeframe keeps increasing in a hope that price will get back...that's my issue in a nutshell.

Sent from my SAMSUNG-SM-G900A using Tapatalk


Last edited by bmtrading9; October 29th, 2015 at 08:16 AM.
Reply With Quote
 
  #229 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,744 since Mar 2013
Thanks: 2,826 given, 1,960 received
Forum Reputation: Legendary

But I am going to do whatever it takes to get this thing right because I am capable of doing it If not I wouldn't be in this position in my life.

Sent from my SAMSUNG-SM-G900A using Tapatalk

Reply With Quote
 
  #230 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,095 since Nov 2014
Thanks: 2,125 given, 1,593 received



bmtrading9 View Post
... l can't trade long or short because I am always fearful, always stops get hit bcoz of small stops, if I go for wider timeframe market pulls away so much then my timeframe keeps increasing in a hope that price will get back...that's my issue in a nutshell.

I don't have enough experience to suggest what you should do to improve your trading.

However, I will say this. (which I said few weeks ago)

You are very emotional. That often means your position size is too big and out of your comfort zone.

Cut down to a size where you feel 'almost' don't care about the outcome. For me it's 100 SPY. Find out your number. Good luck.

Reply With Quote
The following user says Thank You to Narcissus for this post:

Reply



futures io > > > A Cowboy's Trading Journal

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
UBC Trading Journal - A day trading journey UmBillyCord Trading Journals 12 October 6th, 2014 05:43 AM
Cowboy & IRS kbit Jokes 0 February 28th, 2014 09:28 PM
The Naked Cowboy kbit Jokes 1 February 20th, 2014 07:23 PM
Trading Journal - Day Trading Crude Oil with Fibs & S/R greg9 Trading Journals 83 September 5th, 2013 03:48 PM
AR01 Price Area Journal (Not a trading journal) AR01 Emini Index Futures Trading 69 April 2nd, 2010 08:01 PM


All times are GMT -4. The time now is 05:01 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 2017-07-27 in 0.08 seconds with 20 queries on phoenix via your IP 54.198.104.234