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

  #31 (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

30.12

I have sim traded today and have had my first loss day in 7 days (I have only traded three of these seven days hehe)

I'll have a day off tomorrow. I will learn how to do this recording thing before the end of this week and have one video up next week. I don't think it'll be any good since I'm amateur but it's a start and I hope that by the end of the year it'll be something worth watching .

Hope you have a good new years eve and a wonderful 2016!

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  #32 (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

I've learnt something wonderful today. That I've known before but haven't really felt like applying since I thought I couldn't afford trading this way before.

It's that the 30 minute chart is the most beautiful chart I've ever seen. Just look at these two beautiful 30min charts. And study them for as long as you want and let me know what you think..

Oh and if you know how to edit video recordings please send me a PM because I'd love to learn so I can start uploading videos to youtube (because that's exactly what youtube needs.. more amateur videos haha) No but joke aside I think I've got something good here that I want to share with you guys so please PM

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Sam's trading journal.-1-1.png   Sam's trading journal.-1.1.png  
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  #33 (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


I'm going to post twice today of 4.1 because it was a day of learning for sure.

Part one:

The trades that went according to plan and with flow.
I had patience and followed all my rules with these trades.

Hindsight: Think about taking profit when I have ~500 per contract. I can always re-enter.
Also I said I was only going to trade TF for a few weeks: Keeping my word is the main thing that separates the best version of me and the lesser me. So now I will say and keep this: I will trade one contract at a time on any instrument. JUST ONE. And if I break this my subconscious mind may take over and exit every other trade but the one.

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2016-01-04 12-15-45.flv (128.73 MB, 19 views)
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  #34 (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

This one is more than just trading, but it's my journal and I feel that it's important to take notes of what went through my head as I made these mistakes.

Part two of January fourth:

There are so many things that went wrong today and I just donít know where to begin.
First mistake of the day was to not check the market directly after yoga and meditation, it could of given me about 3,000$ before breakfast just doing a small thing like that.

Second I didnít handle my feelings of anger, itís as if the anger is taking over my body right now and I donít know what to do about it? Iím not just angry at H anymore itís everything, especially small things can make me really blow up.

Letís continue with the trading thoughts I've had last couple waking hours.

First of all. I DONíT TRADE after two losses in a row, thatís my MAIN rule #1.

The second is that I do not trade unless I see a clear winning opportunity.

The third is that I donít EXIT A TRADE LIKE A COWARD just because I notice my stops aren't working I TAKE FULL RESPONSIBILITY FOR MY TRADES and that means that I STICK WITH MY DECISION until I see that I'm CLEARLY wrong.
Thatís something that Iíve learned the hard way today. I got out of a trade and just when I got out it would of moved 80 ticks in my direction. Thatís not something that I take lightly. This is the last time this happens. There wonít be any more trades until Iíve sim-traded at least 800$ with my rules applied. I have daily loss limit of -300 and minimum win limit of +500. That means that first couple of trades gets me through the 500 line and the rest get me to 2500+. I trade what Iím worth and Iím worth PLENTY.
I can do this because I have an amazing edge: My edge? First thing I did when I realized I can trade profitably was to make a bot that can do this without me being present. That means that I thought long and worked hard like crazy to figure out how to get into trades and be VERY SPECIFIC. The bot works. And it delivers more than any other day job Iíve had. But to work it has to be on and monitored by me because as Iím in a trade it doesnít give me new buy/sell signals. That wouldnít be a problem if my targets and stops were perfectly set. But thatís just the thing, there is no perfect in the market and what would be perfect one day wouldn't be perfect the next. That makes my bot usable in one way (that I know of) and thatís monitoring what direction to trade.

Clues I got from today that will help me with next trading day: Wake up earlier, get to job at 3am AT THE LATEST! I mean put the computer on and monitor what happens at 19:00 Chicago time.
Another one would be meditate every 30 minutes for 30 minutes if Iím out of balance emotionally. And as soon as I notice that I get overly angry/excited/sad/ another thing that could help me is go for a walk every 200$ loss. Just walk it off because I think that really can do the trick. I walk until it doesnít hurt as bad to lose anymore.
I could also start hugging the people Iím angry at and really send them ALL my love because the only people that can affect me emotionally are people I truly love and care about. Give them all I have next time.

Without a doubt the most eventful trading day I've had the pleasure of partaking in. I'm glad I went through this because there were lots of lessons to learn.

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  #35 (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

7.1
Woke up 2:50 to trade made 1,500 and tried to sleep but was too excited. Woke up 6:30 (must of dozed off) ready to rock and roll. Realized itís too little sleep in my body for everything Iím about to do today so went back for another 2 hours. Watched the dax drop 6k in less than a minute. B-E-A-UTIFUL DAY!

My sim trading got me more than 5,000 today (about half of it thanks to fdax) . I feel that a limit of 800 is enough because 4,200 in live would be a new record haha.

I'll post pictures later.

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  #36 (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 packed my backpack and a box of memorable stuff I will save in a storage unit this week. Everything else I own I've given away for free. Week 3/10 of giving at least 50$ to others because I didn't keep myself to the 30 day challenge. (It's probably the best bet I've ever lost. I feel like I get more than what I give as I share with others.)

-----

Did have a 5P loss on TF, Iíll have to be more patient in getting into trades that have already gone far enough. Also risk to reward on the trade was too much for my account size. Also didnít take profit when NQ was up 20P whatís up with that?

I'm so thankful for the lessons learned this day: I know two of my working hours now when I make most of my money: 19:00-20:00 chicago and 20:00-21:00 gmt +2 time.


This is what I listened to when I was in today's wonder trades:

https://www.youtube.com/watch?v=9jK-NcRmVcw
https://www.youtube.com/watch?v=04854XqcfCY
https://www.youtube.com/watch?v=Wt88GMJmVk0

A mail draft I always read before good live trading days:

This is what I listened to the day I made 90% of my account

https://www.youtube.com/watch?v=T0V67aUf3h8

The thought I had in my mind as I entered the market was: I may die within two weeks, what will I do TODAY so that I'll have done my ALL to truly make this day unforgettable.


---

I know I have a rule about only trading one contract at a time but as I read from Market Wizards: I know when to break the rules.

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  #37 (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 been traveling most of 2016. Came back home last week and started my trading routine slowly this week.

I've learned few things while being abroad:

The only constant is change.

Most of us just want someone to share the moments with.

Some people refuse to worry. I'm not sure if they're happier because of it but they look younger.

How a person takes a set-back/misfortune can give a glimpse of the monster/humble character within.

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  #38 (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 4

New beginnings.

Today I'm starting journalling daily again.

Rules that help me stay profitable (and how) :

1. Warm-up before going live. At least $500+ in sim before trading live.
(I feel like I'm in flow when I'm a few hundred on plus)

2. Shut down live trading if I have more than two consecutive losers in a row.
(I've gone through my trading logs. I see a clear pattern of giving back all the profits way too fast if I lose more than twice in a row)

to be continued...
----

I've sim traded in two sessions today.

GMT+2 times

12:45-14:15
20:08-20:45

Reason why I didn't go live: didn't get enough on plus because I focused on the wrong thing and doubting on my trades before the stops were hit.

Anything new learned?

Whatever I'm doing, be it trading or washing dishes. Focus with everything I have on the task at hand.

What's the one thing I can do to remain 100% focused?

Realize I'm exactly where I'm supposed to be and shut everything else out.


Last edited by Sam21; March 21st, 2016 at 04:57 PM. Reason: Corrected the time stated when trading.
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  #39 (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 learn how to have extremely good bad days. My goal right now is that my worst trading day only generates +$200

I still have a while to get there, I believe my worst mistakes today were these =

1. I sim traded so well that I had to "hurry" to catch the sell wave when I logged into live account.

2. When I had two losses in a row I continued because I had a third contract going well. I also chose to continue because it did end up on plus (although a small plus..)

3. Continued to trade TF although all my profits came from NQ.

What's the one thing I can do to fix these mistakes until next trading session?

First of all, let go of this day completely. It's about learning and growing.

1. I can continue on sim until there is a consolidation in the market.

2. I keep my word or change the rule.

3. I could sim trade NQ with 2 contracts at a time because I've yet to learn when to exit a trade. And then go live if it works out in sim.

----

I strongly believe I have a working methodology that can generate enough profit to sustain my living. Although my exit and money management skills are still basic at best. To get to next level I'll have to practice trading more than one contract profitably on sim before taking it live. Until then I should keep to one contract at a time, which does work well when market moves faster.

Today's P/L: -$365

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  #40 (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


The laptop I use for trading is not working so I'm not going to trade until it's back from maintenance.

Meanwhile it's there I can clarify exactly what I'm looking at and why I take the trades I take. One day I'll learn how to edit the journal summary at the beginning but until then, this will have to do.

It's going to be easier for you to understand why I do as I do if I start from the beginning, I'm doing my best to be detailed enough to show how I came to where I am today.

I searched for an audiobook version of "trade your way to personal freedom" on youtube. I had just read the book and knew I needed to study it more to understand it because it was the first book I read about trading. I found an instructive video with a similar name on youtube that didn't make sense to me at all and took it as a sign that this is the guy that will lead me in the right direction.

Without hesitation I emailed to ask if he'd help me understand trading. Ray was friendly and helpful in his answers so I bought his program for $197. In that program I learned exactly what I had been searching for, how to set up my chart and what to look for, what trend and countertrend was and what timeframes to trade this method. Also when to take my profits and when to stay out of the market. This was exactly what I wanted so I could start practicing trading on a daily basis. I felt like the method was easy to understand and I was profitable most days. But something was missing my chart didn't look exactly like his because he used TradeStation and I was on NinjaTrader.

I came to futures.io to search for indicators and then I looked around on other pages on the forum. This was in September. I didn't understand the language but realized that like minded people is just what I need to succeed so I looked around for other forums online and decided this is most likely the best one for me.

Because I didn't find the indicator I was searching for and got distracted to reading journals instead. I looked for journals where I saw people succeeding. This one guy seemed to have a method of trading that gave him win days extremely often and the way he didn't share much else than "this is what I look at." felt like a challenge to me. (https://futures.io/trading-journals/34069-tf-russell-2000-futures-contract-trading-journal-without-indicators.html)

I had to see if I could take the same trades as him or even beat him in his own system. I discovered that the time frame in which I was trading limited me to see only a part of the puzzle. By using his method (4 time frames same chart) I felt as if I opened my eyes fully. Another thing was that he did far less trades to get the same profit I did with Ray's method and that made me wonder if I was taught the wrong way of trading all along?

I traded Porter's time frames with Ray's method on sim and did quite well, I finally felt I was ready for live trading and started looking for a broker and platform. I first tried with NT. I applied for an account and sent 1,000Ä as a test. A couple of weeks later 950Ä returns to my bank account and when I ask them for help I didn't receive it. I was thankful that most of the test money got back and proceeded to give IB a try. The test money took 2 days to get there and I felt like a finance guru for having money wired to Switzerland. I didn't understand their platform though so I continued to find a broker that would provide a good platform that was easy to understand.

I somehow found my way to Infinity Futures and while I did my 30 day trial with them I was looking at their youtube guides and harassing my broker daily with questions about the platform setup. This platform was so different from the other ones that I got swept up and forgot about trading and wanted to master the platform instead.

If you want the platform I use here it is: http://www.tfutures.com/webtrader/Release/InfinityATSetup.exe

I'm not sure anymore the exact date when I decided that I should make a spreadsheet that executes the trades so that I don't have to be at the computer all the time but it was maybe second week into the 30 day trial. I studied all info I could find and by trial and error I found exactly the simple enough trading style to trade profitably.

I'll attach both the spreadsheet and the chart to use it with in a PM if you want it. Please don't use it live without understanding what it does first.

There was one problem with this spreadsheet, it doesn't exit the trades although it's programmed to do so. I asked my broker and he said that's something only SierraChart developers can fix. He sent them an email but they still haven't answered although this was back in December 2015.

I focused on what I could do with the bot and through backtesting I found that with the right kind of order placed, it was still more than enough to be profitable. So through more trial and error I found what the settings for micro Euro and that's what you see in the first pages of this journal. Me trading M6E. I have a perfectionism attitude to things so I didn't use the bot for more than a couple of weeks because I wanted it to exit the trades too. BUT there is one important thing I've learned through making it and that is:

1: I know exactly what direction I want to take the trade.
2: I know where to place my stop.

Even though it's not actively executing trades the spreadsheet still produces the entry/exit arrows. And that's what I use for trading.

Another interesting system I came by as I was watching guides on the platform was David Katz's system: https://www.youtube.com/watch?v=eKMn7rZEfiA

Which is why you see my charts with different background colors. I applied what I had learned from the guides and made it my goal to have a similar chart as David has when he takes trades. I noticed that my settings were never exactly as his was and when I later discovered that my charts give a faster reaction to price change than his does I sent him an email with my configs and asked if he'd tried this out before. And he was interested in what I had found and was thankful that I shared. I can't give you these settings because he sells these. But if you buy it from his site then feel free to PM me and I'll send you my charts.

Now I'm at a stage where I can choose to trade three different systems which I've learned by trial and error to be profitable. But still there is a human factor in this, I've got to have a routine of always doing the same thing all the time and that's going to take a lot of practice because I'm impatient right now to wait for the signals.

The best trading days I've had have resulted in far greater than my worst days. I quit for at least a week every time I have a big loss that makes me doubt myself. The trades that hurt the most are the ones I'm not in because I have my entry 1-2 ticks away from where the price ranges. I've had so many trades that cut out to be exact highs/lows that I feel addicted to taking them. Chasing is the main reason I have losses.

I'm so grateful to have found this forum and to read so many ideas! If there are people out there that wants to trade as I do.. I'll happily give everything I can to help you out. And I hope you wish to share your knowledge with me too because I'm still a beginner.

To sum everything up:

I've used more time to understanding systems than to trade the systems because when I figure out how it works I get bored even though I make profits.

There are three systems I like and that I switch in between. I'll go more into detail next time I'm posting.

I believe there is a holy grail and it's found within not out there.

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