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


A Cowboy's Trading Journal
Started: by bmtrading9 Views / Replies:25,678 / 696
Last Reply: Attachments:174

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Reply
 174  
 
Thread Tools Search this Thread
 

A Cowboy's Trading Journal

  #601 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 169 received


bmtrading9 View Post
...but good thing is I am still in profit, but I know very much it doesn't take much time to loose it all and even more when trading futures so being very cautious.

I am so happy for you bmtrading. That bit I bolded in your quote, that is the most important bit to focus on. You are profitable!


Last edited by HoopyTrading; June 30th, 2016 at 09:27 PM. Reason: wrong word.
Reply With Quote
The following 3 users say Thank You to HoopyTrading for this post:
 
  #602 (permalink)
 R.I.P. 1969-2016 
montreal quebec/canada
 
Futures Experience: Beginner
Platform: CQG/NT7
Broker/Data: IB/AMP/CQG
Favorite Futures: CL
 
Okina's Avatar
 
Posts: 2,149 since Sep 2015
Thanks: 758 given, 5,378 received


bmtrading9 View Post
This is kind of different strategy with bigger target like 200 ticks but I am not able to trust myself is the main issue...currently I am in a trade with 30 ticks profits but I am nervous like hell but I decided I am not going to move my stop, let's see how long I am going to hold.

Sent from my SAMSUNG-SM-G900A using Tapatalk

It is not for big trade I use that for "normal trades". My stop is at 12 so I put first target at 12 and keep runners after if I find it appropriate and sometime I cut all at 12 or even before but at least after 12 I am conformable. That solve (partially) my biggest problem. Because I start to see big $ on the screen but not realized (just virtual) this is where I take stupid decisions that I regret after and when you play with several contract the numbers grow rapidly and instead of thinking in ticks you start to think in $ which is not very good. The other little tricks is to setup your DOM to show P&L in Ticks instead $. It is just a trick but it could works.

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
Reply With Quote
The following 4 users say Thank You to Okina for this post:
 
  #603 (permalink)
Elite Member
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,607 since Mar 2013
Thanks: 2,568 given, 1,717 received



bmtrading9 View Post
This is kind of different strategy with bigger target like 200 ticks but I am not able to trust myself is the main issue...currently I am in a trade with 30 ticks profits but I am nervous like hell but I decided I am not going to move my stop, let's see how long I am going to hold.

Sent from my SAMSUNG-SM-G900A using Tapatalk

Got out of this short at 48.10 from 48.70.

Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
  #604 (permalink)
Elite Member
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,607 since Mar 2013
Thanks: 2,568 given, 1,717 received

Finally was able to scalp on sim...was very late to the party even-though I know price is going to going up after failing to break 48 I didn't take any real orders.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
  #605 (permalink)
Elite Member
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,607 since Mar 2013
Thanks: 2,568 given, 1,717 received

June

Futures Edge on FIO
I know for someone outside (or maybe for someone inside too) of the trading community the effort is not at all worth but what to do I can't give it up. One freaking misread was the difference maker. Anyway, I am not taking this serious enough (I missed lot of trading days) that's the KEY here...good luck everyone. I am done for the week.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following 7 users say Thank You to bmtrading9 for this post:
 
  #606 (permalink)
Elite Member
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,607 since Mar 2013
Thanks: 2,568 given, 1,717 received

I missed this move in both oil and YM/ES. I am frustrated for not able to take signals due to all sorts of factors (personal/work/fear) only solution is to partially automate this i.e automate entries but exit manually. Only software I like for automation is Multicharts (Easy Language). Any suggestions out there for automation for Interactive Brokers?

Edit: This is exactly my problem, once I miss the opportunity I ALWAYS look for the other side because my brain thinks that's the right trade (sometimes it works exactly but on a trend day it won't).


Last edited by bmtrading9; July 5th, 2016 at 12:03 PM.
Reply With Quote
The following 3 users say Thank You to bmtrading9 for this post:
 
  #607 (permalink)
Elite Member
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,607 since Mar 2013
Thanks: 2,568 given, 1,717 received

Yup I am convinced that you don't need big account or multiple trades of flipping etc etc...YOU just freaking need a plan with stop/scale in's and lots of patience....I had everything lined up properly but couldn't execute the plan...my bad. Was in this oil trade from 46 with one point stop just freaking didn't hold on to it, instead made a nice hole to start the month....

Sent from my SAMSUNG-SM-G900A using Tapatalk

Edit: Tomorrow it seems oil report so I shouldn't be looking at oil instead will try to trade OR breakout system on SIM.

Reply With Quote
The following 2 users say Thank You to bmtrading9 for this post:
 
  #608 (permalink)
Risk--->0 $--->∞
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader, TWS, FXCM's
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FXCM, IQFeed
Favorite Futures: ZF, ZN, ZB, ES, FX pairs
 
Blash's Avatar
 
Posts: 1,199 since Nov 2011
Thanks: 3,174 given, 1,624 received
Forum Reputation: Legendary

A Cowboy's Trading Journal


bmtrading9 View Post
I missed this move in both oil and YM/ES. I am frustrated for not able to take signals due to all sorts of factors (personal/work/fear) only solution is to partially automate this i.e automate entries but exit manually. Only software I like for automation is Multicharts (Easy Language). Any suggestions out there for automation for Interactive Brokers?

Edit: This is exactly my problem, once I miss the opportunity I ALWAYS look for the other side because my brain thinks that's the right trade (sometimes it works exactly but on a trend day it won't).



Maybe download a copy of NT8 beta and try out their new Strategy Builder...???.... You can do a lot with it (compare data series i.e. ES & YM etc for confluences) and there's no C# coding but there still is a learning curve. Works with IB.

Ron


Sent from my iPhone using Tapatalk

Edit: grammar

We must be like the fountain or spring that is continually emptying itself of all that it has and is continually being refilled from an invisible source

Quoting 
The steed of this Valley is patience; without patience the wayfarer on this journey will reach nowhere and attain no goal.

Buy Low And Sell High (read left to right or right to left....lol)

Last edited by Blash; July 7th, 2016 at 10:37 AM.
Reply With Quote
The following user says Thank You to Blash for this post:
 
  #609 (permalink)
Elite Member
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,607 since Mar 2013
Thanks: 2,568 given, 1,717 received

This is freaking hilarious how difficult it is to just follow this chart and make decisions?

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to bmtrading9 for this post:
 
  #610 (permalink)
Membership Revoked
Duluth MN
 
Futures Experience: Intermediate
Platform: NinjaTrader/Sierra Chart
Broker/Data: AMP
Favorite Futures: ES
 
rocksolid68's Avatar
 
Posts: 1,019 since Jan 2015
Thanks: 1,315 given, 2,574 received



bmtrading9 View Post
This is freaking hilarious how difficult it is to just follow this chart and make decisions?

Apparently, extremely hard.

Jokes aside, explain what you did. Why didn't you trade what you see there? Give us something so we can help

I was trading the ES today. I was bullish going into the open and was able to ride the first up-leg for 5 points and then changed bias after market failed to push the day high (also internals and other markets were proving the bull-side to be weak). Once I changed my bias to the downside, I was able to capture a good chunk of the move again.

I guess what I am trying to say is in this game you have to be willing to admit defeat and to change bias when needed. I hope this helps!

Reply With Quote
The following 4 users say Thank You to rocksolid68 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)

2016 True Edge Awards: Voting is open until Jan 21!

Now
 

Bookmap New Indicator Panel, Cumulative Delta, Order Flow demo

Jan 17
 

An Afternoon with FIO member Massive l

Elite only

Leo Murphy: Making sense of Technical Analysis and Random Walk

Elite only
 

FuturesTrader71: Ask Me Anything

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 06:43 AM
Cowboy & IRS kbit Jokes 0 February 28th, 2014 10:28 PM
The Naked Cowboy kbit Jokes 1 February 20th, 2014 08:23 PM
Trading Journal - Day Trading Crude Oil with Fibs & S/R greg9 Trading Journals 83 September 5th, 2013 04:48 PM
AR01 Price Area Journal (Not a trading journal) AR01 Index Futures Trading 69 April 2nd, 2010 09:01 PM


All times are GMT -4. The time now is 06:25 AM.

no new posts
Page generated 2017-01-18 in 0.15 seconds with 20 queries on phoenix via your IP 54.159.158.180