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Sam's trading journal.
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Sam's trading journal.

  #11 (permalink)
Elite Member
Helsinki, Finland
 
Futures Experience: Intermediate
Platform: Sierra
Broker/Data: InfinityFutures, IB
Favorite Futures: M6E, 6E, M6B, 6B
 
Sam21's Avatar
 
Posts: 87 since Sep 2015
Thanks: 166 given, 60 received

I've neglected this journal partly because I feel overwhelmed with conflicting emotions when it comes to sharing my thoughts and ideas online.

There, I said it ^^ now to what I've been doing these past 2 weeks (last time I posted was 19th of OCT:

I've read 94 pages in trading in the zone (it's about 60% of the book.) Will finish it after I've read Perry Kaufman's book about trading. It's big and overwhelming so I take one chapter a week because the size of this book makes me want to throw it away. Other than that I've re-read my highlights from past books and noticed that I do not follow my own rules when it comes to trading.

I've set up a new system now though and that's to journal my trades like this and from now on my journal entries will be named in only steps.

Step 1
What is the market doing today?

Step 2
I'm looking at 4 charts and I see all are aligned in the same trend.

Step 3
I calculate win:loss ratio and set stop loss, target and time stop.

Step 4
I enter the trade when the mini chart opens a good opportunity (good is enough, don't aim for perfect).

Step 5

I set an alarm to know when my time stop is hit and exit the trade if it's not met already.

Step 6

I go away from the screen and let my trade manage itself, I've done all I can.

Step 7
I journal the trade and the steps I did and didn't go through.

Step 8
I ask THE question that will improve my trade

Step 9
Thank myself for doing these steps and thank the higher force within me for leading me through it.

Step 10

REPEAT

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  #12 (permalink)
Elite Member
Helsinki, Finland
 
Futures Experience: Intermediate
Platform: Sierra
Broker/Data: InfinityFutures, IB
Favorite Futures: M6E, 6E, M6B, 6B
 
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Posts: 87 since Sep 2015
Thanks: 166 given, 60 received

Step 1
Today the market is behaving like the market before 4pm central time. It's slowly rising but will explode within 4 hours (writing this 12:01pm)

Step 2
I've looked at many charts today and the tests on M6E are showing that it's time for live testing. (should take simulator test but the maximal drawdown is under 36$ and equity peak of 822.5$ within a month so this one I will test live)

Step 3
I've calculated a loss of maximum 150$ and win target is 800$ 1:5 ratio

Step 4
I will put the bot on and leave the computer on with internet connection.

Step 5
I set an alarm to check the market every day at 9AM and 9PM

Step 6
I will go away from the screen as soon as I've put the trade on. I know I've done everything in my power to succeed with this one.

Step 7
I'll journal at 9AM and 9PM everyday

Step 8
How may I improve myself or my system to the degree that it's easy or unnecessary for me to spend so many hours in front of the computer?

Step 9
I thank myself and I thank the higher power within for leading me through these times. I'm grateful everyday for having the opportunity to learn more about myself and share my experiences with people I love.

Step 10
Repeat (I will repeat this MONTHLY next time is 3.12-15)

3.11.2015

----------

3.11.2015

The bot is doing what it's supposed to EXCEPT it's countertrend trading. I feel it would be in the trend trading if I'd of put it on before 9AM this morning.

I will have two losses in a row as it is now.

20:47

----------------

4.11.2015
I reversed my position this morning when I realized that my system is on the wrong side of the trend. Now it should go according to the trend at all times. And if not, I will intervene again.

Done more back testing with longer time frames (68 days instead of 30 as I did yesterday) and realized I've got great system but wrong optimization.

I'll continue testing until it has above 1:5 win lose ratio.

8:46

----------

4.11.2015

I've done more testing and found a better trade setup that has maximum drawdown of 152,5 on a single trade (122T) 1680,25 / 45 trades = 37,33 on average. 3578.87 open profit / 45 = 79,53 on average with 283,75 being max.

2.26 profit factor
25.31 average trade net profit
153.65 average winning trade
-28.51 average losing trade
5.39 profit factor = 1:5.39 win lose ratio!

Largest losing trade -50
Largest winning trade +282.5

Max consec win: 4
Max consec lose: 7

Average time in trade 1D 8:11h
Average time in winning trades 3D 5:47h
Average time in losing trades 13:04h
Longest held twinning trade 6D 12:40h
Longest held losing trade 3D 15:08h

44 trades in 100 day test
1113.75 NET profit
1997.50 GROSS profit
883.75 GROSS loss

Equity peak of 1198.75

29.55% profitable

27.8.2015 - 3.11.2015

Attached Thumbnails
Sam's trading journal.-one-1.jpg   Sam's trading journal.-one.jpg  
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  #13 (permalink)
Elite Member
Helsinki, Finland
 
Futures Experience: Intermediate
Platform: Sierra
Broker/Data: InfinityFutures, IB
Favorite Futures: M6E, 6E, M6B, 6B
 
Sam21's Avatar
 
Posts: 87 since Sep 2015
Thanks: 166 given, 60 received


I will live trade next time when I've had at least 66 successful sim-trading days and by successful I mean:
Follow my simple routine completely.

It was too much preassure first day going live and lots of mistakes were made.


Last edited by Sam21; November 5th, 2015 at 01:18 AM. Reason: Too much details.
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  #14 (permalink)
Elite Member
Helsinki, Finland
 
Futures Experience: Intermediate
Platform: Sierra
Broker/Data: InfinityFutures, IB
Favorite Futures: M6E, 6E, M6B, 6B
 
Sam21's Avatar
 
Posts: 87 since Sep 2015
Thanks: 166 given, 60 received

---------------------
4.11.2015

Evening

I reversed the order at 10955 and got out at 10875 (target set to 10873 but slippage..) anyhow it was total of 86.25 profit after the losing trades earlier because of countertrend bot trading. Reason for getting out of the trade = work + unsure if my bot is able to perform 24/7 because of my brokerage. I'm having my broker look into it and will update soon enough.

--------

5.11.2015

Morning

My broker has gone out of his way to get me access to using GTC orders so that my bot can execute orders that will stay during the close. I will test this today and if it works I'll leave the bot on for further testing. The risk is minimal (150 at max in any single trade) but I can't shake the feeling of risk being neglected in some way.

had a lose trade today of 32.5 (stop was hit at 10898) the bot re-entered me at 10877 (my manual sim trade was set to 10900 but didn't get a fill)

Lesson: Don't aim for perfect with entries.
---------

6.11.2015

Morning

The program has been running for 24 hours now producing -32.5 last yesterday
I'm satisfied with it so far because it's working as it should. It's extremely boring to watch though.
Problems at the moment: The server disconnects me as if it KNEW I'm not there watching it when I leave for gym/go to bed... two times in the past 24 hours. at 20:00-22:00 and 23-00.00

Lesson: Be sure to have such a great order set with GTC that if it does happen again I'm all set.
--------

6.11.2015 (Friday)

Evening

+ I was short during the 10899 - 10709 drop today (from 877 to 715 = 162T and $202.5)
+ My platform hasn't kicked me out of the server for no reason today
+ It took profit while I was biking home from work (I don't need to be connected for it to work)
- It was too much pressure to leave that much profit on the table, so I moved the target to meet the price. I feel guilty and greedy for not trusting my bot and let it run its course and went and intervened.
- I manually went long from 735 when I saw the price slinging back to the moving averages.
+-0 the risk reward on this countertrend is only 1:1.5 I think it's probable that my target will be hit with such a low target but I could be wrong and if I am I'll be $20 back.

all in all very satisfied with the results of the day I'm up 202.5 and can go to bed without regrets.

Lesson: The M6E may move drastically between 7 and 8 AM.

--------

9.11.2015 (Monday)

Morning

I went long last Friday at 1.0735 and got stopped Sunday night at 721 (I knew it was too small and would I have been from 720 it would of let me stay in the trade)

Woke up Monday morning and watched the 5 and 10 minute charts to look for directions and accidentally went long from 768 but quickly removed it because I didn't feel prepared.

About an hour later I felt I had enough information for putting auto trading on again and it entered me at 722 still in this trade with intentions of riding it out until it gets me stopped/whatever. Auto- is running its course and I'm not going to hinder it.

Lesson: Every trade I put on is a serious trade = Every trade gets the stop-loss it deserves and the win:lose ratio it's intended to have. IF I FEEL LIKE EXPERIMENTING WITH THIS I SHOULD SIM-TRADE.

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  #15 (permalink)
Elite Member
Helsinki, Finland
 
Futures Experience: Intermediate
Platform: Sierra
Broker/Data: InfinityFutures, IB
Favorite Futures: M6E, 6E, M6B, 6B
 
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Posts: 87 since Sep 2015
Thanks: 166 given, 60 received

11.11-2015

Yesterday I had two trades that both got stopped out 25 and 26T stops. I don't regret the trades since they were taken with the auto as it's supposed to do. I did however learn that one of these trades were counter trend and could of been avoided..

Morning

Yesterday I spent most of my night fixing a new method (I call it Ledger) and been working on it for little over three weeks now. Starting sim trading today to check how it reacts to opening price action.

I will keep the auto on as long as it lets me ride the trend waves. I will however take profits whenever they reach 25+ dollars now since M6E doesn't want to give more than that per day (at least not normal days) so I'll pick what I'll get to get by. And when the big waves come my target is still 150+ ticks so it won't pick profits too early.

----------

Summary of november bot trading: gross profit 400 gross loss -196.25

I got the habit of writing everything down right after a successful trade and I count that as a plus.

I've spent more time fixing the system that I have traded live and done lots of sim trades on already.

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  #16 (permalink)
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Helsinki, Finland
 
Futures Experience: Intermediate
Platform: Sierra
Broker/Data: InfinityFutures, IB
Favorite Futures: M6E, 6E, M6B, 6B
 
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Posts: 87 since Sep 2015
Thanks: 166 given, 60 received

CHAPTER 2

I feel this is a whole other way of trading than the previous so this will be chapter two in my journal.

I'll post a summary of this when I've got the time for it but until then take it as it is and let me explain later when I can.

--
I'm live trading NQ 12.1.2015

Long because I saw the closed bar above the 200 ma
9:37 @ 4692 and got stopped 9:43 @ 4696.25

DIT: +17
CV: +85.00
PD: +4.25
PC: 0.09%
TD: 4m 43s?? (almost 9min

Hindsight: 2tick too close stop.. Could of rode the wave to 4703.25 and gotten 140 instead of 85

---

Long because of a closed bar above the 34

10:21 @ 4700.75 and got stopped 10:26 @ 4698.00

DIT: -11
CV: -55.00
PD: -2.75
PC: 0.06%
TD: 32s?? (4min

Hindsight: I told my broker I was going to take a break from trading because of indecision in the market - yet I cannot wait for at least an hour before I get back into it?

Next time take the time to wait and do something enjoyable for at least an hour during choppy markets.

(this is a hindsight I noticed as I was taking screens day after)
indecision lasted for over 2 hours.

Attached Thumbnails
Sam's trading journal.-4.jpg   Sam's trading journal.-forgot-losing-trade.jpg  

Last edited by Sam21; December 2nd, 2015 at 07:34 AM. Reason: forgot the losing trade in the screener
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  #17 (permalink)
Elite Member
Helsinki, Finland
 
Futures Experience: Intermediate
Platform: Sierra
Broker/Data: InfinityFutures, IB
Favorite Futures: M6E, 6E, M6B, 6B
 
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Posts: 87 since Sep 2015
Thanks: 166 given, 60 received

Sim live

2.12.2015

Two contracts with

TF 6:20 - 8:45am (GMT +2)
Long @ 1204.3 -> short @ 1205.3 - Long @ 1204.3 -> short @ 1206.3
DIT:+10 DIT: +20
CV:+100 CV: +200
PD:+1.0 PD: +2
PC: 0.08% PC: 0.17%
TD: 5h 44m 16s?? TD: 5h 44m 23s??

Hindsight: Could of targeted more on first contract and let second run with tight stop to the top.
I have to pat my self on the back for this one though, it was a great execution on a wonderful trade.

CL 7:17 - 11:24
Short @ 41.57 -> long @ 41.47 - Short @ 41.57 -> long @ 41.37
DIT: +10 DT: +20
CV: +100 CV: +200
PD: +0.10 PD: +0.20
PC: 0.24% PC: 0.24%
TD: 4h 31m 12s?? TD: 4h 47m 56s???

Hindsight: This one could of had a better entry if I'd watched it more closely. I did however get filled on both my targets and overall I feel satisfied with this one.

NQ 11:21 - 12:07 (not done with this one, will update it later when it is) only half the trade is complete.
Long @ 4723.50 -> short @ 4728.50 - Long @ 4723.50 -> short @ 4719.75
DIT: +20 DIT: -15
CV: +100 CV: -75
PD: +5 PD: -3.75
PC: 0.11% PC: 0.08%
TD: 1h 14m 55s ?? TD 3h 28m 57s?? (wasn't even an hour??)

Hindsight: I entered before the bar had time to close as a green bar. I'm greatly disappointed with my entry and just as much grateful to have learned this in sim and not in live mode.

Attached Thumbnails
Sam's trading journal.-1.1.jpg   Sam's trading journal.-2.jpg   Sam's trading journal.-3.jpg   Sam's trading journal.-nqsim12.2.jpg  

Last edited by Sam21; December 3rd, 2015 at 03:16 AM. Reason: Updating the NQ trade
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  #18 (permalink)
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Futures Experience: Intermediate
Platform: Sierra
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Favorite Futures: M6E, 6E, M6B, 6B
 
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Posts: 87 since Sep 2015
Thanks: 166 given, 60 received

12/4/2015

I was unsure if I should enter or not so I put in two lines to look where the resistance was. 12:41pm central time

I didn't trade NQ anymore after putting these two lines in since I saw an opportunity in TF instead, but here's what's interesting:

If you look at the picture you can see how closely the close of the day was predicted! I had no intention other than waiting for a line breakout to enter a new trade and when I found a line breakout in TF instead I forgot about the NQ one..

I've read the random line theory thread and watched the webinar where this one guy also had the same idea as Mike the EXACT same day about random lines on a chart and how meaningful they become later on. I've done something like this before but never this close with just 2 lines and nothing else on the chart!

Lots of text for little context maybe but this was somewhat of an eyeopener for me so I want it written somewhere. I'll do this random line theory with just 2 lines tonight also and will post it BEFORE the close so I can compare it because I believe that there's something more to learn here.

Attached Thumbnails
Sam's trading journal.-close-prediction..png  

Last edited by Sam21; December 4th, 2015 at 02:50 AM. Reason: Forgot to mention when the lines were made.
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  #19 (permalink)
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Futures Experience: Intermediate
Platform: Sierra
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Favorite Futures: M6E, 6E, M6B, 6B
 
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Posts: 87 since Sep 2015
Thanks: 166 given, 60 received

live trading 12/3/2015

First of all I want anyone that reads this to know that this is my first profit day trading on other than the aforementioned M6E wins I've had my bot trade for me.

Also thanks for reading my journal feel free to post here or PM because I'm new and all I know I've learned from people like you

First picture

#1 trade of the day

Shorted CL from 40.35 - 40.50

Hindsight:

This one got me laughing actually because I was so sure of myself when I entered this trade that I went to take a guided self hypnosis (I can't find the link now but I'll post it when I can because I want to do that again! I felt great after) note: I also felt great before.

Other than being narrow minded entry without any prework on any other timeframes I can only say: I know you can better.
----

Second picture

5 NQ trades

#1:

I'm glad I had a 4p target that I moved to 4.75 (just felt satisfied with that one) It was a rushed trade but done well considering I'd been stopped if I'd of had a higher target (my stops are usually 75 or last point of resistance)

#2
Bravo, no regrets on that one either. I could of gotten more but all in all it was 97.37% according to total efficiency from the trade log

#3
Bit far from that 34 are we? Lesson learned.

#4
Classic 34 bounce, well done.

#5
I moved the stop to almost x2 of what it was?! I should jolt down some notes as I'm taking these trades because that one is just embarrassing.

First of all don't enter when the trend is upwards, (unless it's a resistance candle)
Second: I don't want to catch myself moving my stops again, please let this be the last time.
Third: if there is one trade today I should study it's this one. Lots to learn.
---

Picture 3

This is the one that got away.

The reason I want to remember this is that sometimes you want to be in a trade and it slips away. I saw where it was heading but didn't enter at a resistance bar because I was in TF trades and I have chosen to be limited to one contract until I have many profitable days behind me.
---

- Reminder to myself: update this day journal later (without the $ amount! As promised)-

Attached Thumbnails
Sam's trading journal.-cl-3.12.png   Sam's trading journal.-5-nq-trades.png   Sam's trading journal.-one-got-away.png  
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  #20 (permalink)
Elite Member
Helsinki, Finland
 
Futures Experience: Intermediate
Platform: Sierra
Broker/Data: InfinityFutures, IB
Favorite Futures: M6E, 6E, M6B, 6B
 
Sam21's Avatar
 
Posts: 87 since Sep 2015
Thanks: 166 given, 60 received

Chapter 3


CHAPTER 3

I have now come to a realization. Journaling online here will be my key to success. I will from this day forward journal every trade I take and take full responsibility for them. This is such a mayor step that I think it's a new chapter in my trading journey.

I have also learned how to videotape my trading and will as soon as I've learned how to short down these videos to 5 minutes start video journaling instead of taking so many pictures.

I've learned this week one mayor thing and that is: INTEGRITY.

If I say I will make $500+ consistently and only trade the overflow (correct me if this is wrong word here) money I will do just that and nothing else. Monday this week was looking all good with above 700+ as usual and then suddenly I get into a losing streak of 9 trades. TWICE.
There are many things that went wrong at the same time but the main thing here is this:
I didn't follow what I said and that makes me a liar. I don't care about how good the next trade looks or how good I think my system is. I LEAVE 500 PER DAY OR I DON'T TRADE AT ALL. Because I said so and I have INTEGRITY from now on and won't lie to you, me or anyone else.

I will also include here a journal entry that didn't make it online when it should of.

---

Lessons from 11.12.2015

I've had good trades and I've had bad trades, stops are good for one reason and one reason only = damage control. There is no need for stops unless you're comfortable with a heart attack as 25 year old. Trade the five minute color chart and get in and out of trades on THAT CHART ONLY. You can gather information from the 10-7 and whatnot charts and the TICK IS GREAT but only after 7pm it's easier to follow the DAX as a ticker before 5pm but it's not 100% accurate.

This week's taught me two things: Have patience before getting into a trade.
Have patience before getting out of a bad/good trade. Unless it's a target hit you better think twice. Or maybe 5 minutes of breathing will make it more clear.

Please don't get into the next trade as SOON as your target is hit, it's just.. please? Don't be that guy.. Either move your targets or wait for the next wave and by wave I mean WAVE don't go in for the second kill without preparation!!

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