How to lose (paper) money Like A Champ! - Trading Journals | futures io social day trading
futures io futures trading


How to lose (paper) money Like A Champ!
Updated: Views / Replies:228 / 1
Created: by N00bdayraider Attachments:0

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
 
Thread Tools Search this Thread
 

How to lose (paper) money Like A Champ!

  #1 (permalink)
Trading Apprentice
Jersey City, NJ
 
Futures Experience: Beginner
Platform: OptionsHouse
Favorite Futures: Options
 
Posts: 8 since Jul 2015
Thanks: 2 given, 4 received

How to lose (paper) money Like A Champ!

DAY 0

Instruments and method of trading
Buying 1-3 Options contracts and selling them for a profit. I'll be looking at SPY, QQQ, IWM, AAPL, FB, TWTR, YHOO, JPM, C, TLT, and TBT. No spreads and no selling of premium. My goal is to buy a Call or a Put and sell it for a higher price.

Software
OptionsHouse/TradeMonster for the trading. ThinkOrSwim PaperMoney and FreeStockCharts for charting.

Proof
I won't be posting in real time, all my posts will be at the end of the night due to my schedule. Sure, this means it's completely based on an honor system, but at the end of the day it's about proving things to myself to improve my trading. The paper account will be way bigger than my real money account, which is why the contract size is so small, so I'll show percentage gains/losses.

Strategy
I'm not sure exactly what my strategy is. This isn't my first time trading, but it is my first time being completely serious about it. I've seen different strategies and read different things...etc, etc, etc...but I still feel like I'm missing things. Those things I'm missing are preventing me from being a profitable trader, and I hope I learn them through this journal.

I don't use any indicators or read news or anything like that, just candlesticks for me. The only thing I take into account is Earnings or QE type of events, in which case I won't trade the securities during those days. My goal is to trade in the morning and close the position by noon. No holding anything overnight. I also don't want to make more than 3 trades a day, ideally my first trade is profitable and I'm done for the day.

I'll post charts with lines for entry, exit, and stop-loss. I'll explain how I came to that position and show the progress of the chart "over time" throughout the day. I'll also post my percentage gain loss for the day...and my percentage gain/loss at the end of the week. And like I said earlier, I can't post in real time, so you'll have to take my word for it.

I'm going to use the Previous Day Low, Previous Day High, Current Day Low, Current Day High, and trend channels to find these points. What I've noticed in the past is that when I just draw lines without making any trades (paper or real), they seem to work just fine, but when I actually do trade it gets all messed up. So I'm obviously doing something wrong.


I guess that's all, hope this works out.

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.


Reply



futures io > > > How to lose (paper) money Like A Champ!

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Assignment process (paper money) linker33 Options on Futures 1 May 19th, 2015 01:47 AM
how much money I can lose if the trade goes against me hummingbird Options on Futures 5 January 2nd, 2015 03:37 AM
How Money Managers Fight Their Emotions and Sometimes Lose kbit News and Current Events 0 April 8th, 2014 09:23 PM
Paper Money realtime Werd ThinkOrSwim 12 October 25th, 2013 03:48 PM
How Much Money Are You Willing To Lose Today? hondo69 Psychology and Money Management 3 December 16th, 2009 06:15 AM


All times are GMT -4. The time now is 10:15 AM.

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 2017-12-17 in 0.08 seconds with 19 queries on phoenix via your IP 107.20.115.174