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A Cowboy's Trading Journal
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A Cowboy's Trading Journal

  #471 (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

P & F - 25 min

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My new liking for swing trading, of course with context.

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  #472 (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

Seriously! this market got to be kidding me. Glad I took of my short at overnight lows but the way they sold overnight
I thought today it's going to be a trend down but not why I must ask myslef, what is driving this market after the o/n puking?

Might be two reasons 1. Options expiration/Quad witching 2. Oil.

If I look at UVOL pathetic but hey what does volume know right? Right now we are building divergences let's see
how this folds next week. Just a reminder to self trade what I see NOT what I think is going to happen.

I am looking at my new P&F figure and wondering is there a short at highs?

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  #473 (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 am short oil via QM at 41.15

Sent from my SAMSUNG-SM-G900A using Tapatalk

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  #474 (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
I am short oil via QM at 41.15

Sent from my SAMSUNG-SM-G900A using Tapatalk

Ha ha what a timing...damn.

Sent from my SAMSUNG-SM-G900A using Tapatalk

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  #475 (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

All in all my worst month continuous. I did fine this week but no where near my target, taking baby steps once again. Now I am scared to death to hold anything overnight and especially shorting. I am considering requesting my broker to disable my sell short capabilities. Anyway I need to remember what are my goals are for week and stick to it. I did scalped CL twice and felt good because I could reach my goal in few mins and move on...I wish this is that easy

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  #476 (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

NO SWING???

Wow! My brain is going to explode with all the thoughts going on, it looks like I am thinking too much and taking too much stress regarding this trading.

On one hand swing trading gives the opportunity to capture big moves by holding for longer periods but at the same time PAIN comes with it it also enormous specially if you are using futures or any leveraged instruments.

Scalping or Day Trading looks easy but you need to be robotic in your actions i.e no EMOTIONS just press buttons if signal present else NO button press and doing it with multiple contracts on highly volatile instruments such as CL is no EASY TASK. But there is also CONTEXT coming into picture which signals to take and which signals needs to be omitted?

As of today I am grinding this short on QM for bigger trade towards 38 but it is not getting easy with all the volatile moves (Almost stopped out on that rip). At the same time I scalped CL for 15 ticks but missed that big move towards the upwards.

I am leaning towards SC because every single thing I want to use is available out of the box but that initial learning curve is frustrating. Another frustrating part is no internet for last two days which is making me to think a lot and do less (it's frying my brain )

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  #477 (permalink)
Elite Member
Murrells Inlet SC
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: ES, CL, ETFs
 
Inletcap's Avatar
 
Posts: 9,158 since Dec 2012
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bmtrading9 View Post
Wow! My brain is going to explode with all the thoughts going on, it looks like I am thinking too much and taking too much stress regarding this trading.

On one hand swing trading gives the opportunity to capture big moves by holding for longer periods but at the same time PAIN comes with it it also enormous specially if you are using futures or any leveraged instruments.

Scalping or Day Trading looks easy but you need to be robotic in your actions i.e no EMOTIONS just press buttons if signal present else NO button press and doing it with multiple contracts on highly volatile instruments such as CL is no EASY TASK. But there is also CONTEXT coming into picture which signals to take and which signals needs to be omitted?

As of today I am grinding this short on QM for bigger trade towards 38 but it is not getting easy with all the volatile moves (Almost stopped out on that rip). At the same time I scalped CL for 15 ticks but missed that big move towards the upwards.

I am leaning towards SC because every single thing I want to use is available out of the box but that initial learning curve is frustrating. Another frustrating part is no internet for last two days which is making me to think a lot and do less (it's frying my brain )

Totally agree on the swing vs. intraday thing. Personally I use ETFs and leveraged ETFs for my swing trading. I can go without even looking at them for a whole day. (my idea of swing is a little longer term than most). I find I like the leverage for capturing intraday moves or taking a stab at an overnight entry that I feel will set up the next day nicely. Going to sleep with swing and position trades is one thing but adding essentially 2-3x the nominal value of those positions could do some serious damage to my annual total portfolio returns with one bad news event while I'm dreaming of boats; and taking a smaller position in the futures market just seems to be a waste of time... Maybe we could find the middle ground but I don't know that it exists in my compartmentalized head....

As far as the "robotic actions" are concerned- after some amount of time you just do things without thinking about it. I have honestly looked down at my position and said, I thought I only had xx contracts and then I realize I just added because we retraced to 1SD on a trend day or something along those lines. So many things become second nature that it is sometimes hard to explain to others why you are in a position (I find on the spoos thread I don't give complete details cuz I just think everyone sees what I see) @rahulgopi does a great job of explaining things very thoroughly and when he comments I often say to myself- oh yeah, that's why I am xyz. It just takes time and repetition- you will get there. You are correct that context helps- it eliminates fear for me 100% as I just focus on what's happening and what I want to do next. Today, someone mentioned that a trade we were in might go south- I had not even thought about that until he mentioned it and I felt myself beginning to watch every tick- stick with context and day structure and you'll be amazed what you can do with your trades....

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  #478 (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


Inletcap View Post
stick with context and day structure and you'll be amazed what you can do with your trades....

That's the ultimate goal. I was in that trade on CL from 41.15 (near VWAP) and got out at 41.30 then the up move happened and the down move almost immediately. I can only enter with one contract and can't loose what I have in the bag.

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  #479 (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 of today I am grinding this short on QM for bigger trade towards 38 but it is not getting easy with all the volatile moves (Almost stopped out on that rip).

Exited my short QM at 40.40 from 41 mainly due to pending EIA report.

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  #480 (permalink)
Market Wizard
Missoula, MT
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader
Favorite Futures: CL, ES
 
michaelleemoore's Avatar
 
Posts: 3,284 since Nov 2012
Thanks: 5,011 given, 10,824 received
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bmtrading9 View Post
Exited my short QM at 40.40 from 41 mainly due to pending EIA report.

Well done!

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