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Sam's trading journal.
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Created: by Sam21 Attachments:52

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Sam's trading journal.

  #41 (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 started a new day job and now I'll only have time to trade during 11-13 session and 19-20 (chicago time). This is my first trade of the week during the night session.

The indicators I have on the right chart are four different EMA's:
Magenta = 200
Cyan = 70
Yellow = 34
Green = 18

I'll ask permission to let you know the left chart's settings but until then I hope you figure it out through the video I posted in the previous post .

The trade I took in the picture could be improved upon in two ways as I see it but I may have missed something:

1. I did see the 19:00 candle go above the yellow line but didn't put a sell order with 2:5 ratio in which was a loss on my part because it would of paid off.

2 I chased the trade on the following candle and ended up selling at a low; could wait to have sold at a 2,5P better start next time.

I'm going back to bed for a few hours more sleep and then I'll start my day knowing I have already learned something from the market this day .

Attached Thumbnails
Sam's trading journal.-5.4.jpg   Sam's trading journal.-5-4.jpg  

Last edited by Sam21; April 5th, 2016 at 12:53 PM. Reason: (decided to give a more up close picture of the chart to the right) 2nd edit because green indicator was 18 not 7.
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  #42 (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

Here is a quickie I took just as I logged in. A quick 100$ bringing up the day total to $200 now. I'm going to post every trade I take as I notice I take fewer trades when I have to go through this process of logging it everytime. It makes it harder for me to take lots of impulsive trades.

Things I could improve upon:
Put three trades in have one go for 5P one for 7.5P and third for 10P and trail the stop close enough to take home at least 3x 5P.

Attached Thumbnails
Sam's trading journal.-fivefour.jpg  
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  #43 (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


Third and last trade for the day. I'm done trading for now because I've sat for almost an hour now, and I tend to make bad choices when I stay longer than an hour at a time. I'll be back later, next order is already prepared and ready. I have three contracts that will go off with different stops and targets. I'm going to practice scaling out until I'm profitable enough to go live with it.

Attached Thumbnails
Sam's trading journal.-fivefour2.jpg  
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  #44 (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

Today's first trade went better than expected, I put it in just before my daughter was about to watch kids shows on the TV (we have to share monitor now as my computer is still under maintenance...)

Due to someone asking about Porter's method I thought about showing how I trade it and thus this trade is taken as I understood his method. Although this is not the exact method he used because he was more successful with bollinger (I forgot how to spell these) bands.

Result was +375$ and I'm more than halfway to +500 which will let me go live for the afternoon session

As I was writing this entry I had put in another buy at 4502.00 due to it being where the green line is at on the 433 right now. And as we have the bars above the indicators I will only take long trades. This may explain a bit better how I enter trades and why.

I'm now at +475 (went to +600 AS I wrote this last line).

Ask away and I'll answer as best as I can, I hope someone out there gets what I'm doing and start making the same progress so we can share our successes and failures here on FIO . And it'd also be nice to get some second opinions on these trades .

Attached Thumbnails
Sam's trading journal.-6.4.jpg   Sam's trading journal.-live6.jpg  
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  #45 (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

Last entry for today: update from last trade is that it stopped me out at 20$ profit the last trade because it went south of the green (I had my stop just a tick from where I'd have my entry) I moved it there after all trades were hit for a plus.

Last trade was well done if I consider that I wasn't even at the computer but instead went to do the dishes right after I put the order in.
This is still sim although I should of gone live since I had more than 500 for the day. I'm going live with this tomorrow as I'm still a bit nervous going live because last time I was live I had a bad experience.

Oh well, 3/3 went for the targets and hit them. another +375 for the day. Today's trading has been nice with 620+375= $995 after the market open in Chicago and $325 during the last night session at 3am GMT+2 time.

All in all +1,325$ with a maximum risk of 100$ per entry for a 375$ return.

Attached Thumbnails
Sam's trading journal.-last1.jpg  
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  #46 (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

Here's a live trade I took that I could improve upon a bit .

It was a 60 risk for a target of 375 so I'd take it again anytime. Although next time I'd trail the stop so that I'd at least get a $100 of it as this is the first trade of the day and I'd rather start with small wins than small losses. Next time I'll take the $200 it was willing to give me! (hindsight thoughts..)

Oh well, I'm not discouraged as I'm still far from my target of 800 for today. I believe I'll achieve it during my evening session .

Attached Thumbnails
Sam's trading journal.-small-risk-high-reward.jpg   Sam's trading journal.-wow.jpg  
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  #47 (permalink)
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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 had some other trades too the same day the previous post was made. I've prolonged to make this journal entry because of the results of these trades and it's been in my mind constantly because I still haven't taken the responsibility for these trades. It would be an understatement to say it didn't go well.

I'm down-420$ since I started live trading this week and I'm now back to simulator trading for the next couple of days until I follow my plan even when I don't want to.

Things that went wrong:

1. I didn't remove myself from the screen when I had put in my orders.
2. I moved my stops
3. I moved my targets
4. I re-entered during chop because I was on a mission searching for a perfect entry.
5. Didn't quit after two losing trades which is my #1 rule
6. Chasing counter trends in a chop-zone
Things that went well:
I noticed that sometimes I get in at the wrong place but I could get out with profits even though it was a bad trade.


This is a relevant quote I've got saved in my quotes draft:

The heaviest losers in trading lose because of three reasons. I call them the three Cs

1. Chasing
2. Counter-trend trading
3. Chop

Monday morning I start my ritual again.

First of all trade 3am for an hour then check the market before and after work and do 500+ in sim before going live. That means calendar day not within 24 hours of when first trade was made.

Second is that I should always search for points instead of $'s as the $ amount is blinding me from taking run ups to even 4 point when my first target is at 5.. It may be better if I'd change the first two trades to go for 4pointers and then the later trades may go for the 7,5 and even up to 15 points. But I need to warm up to that with small profits and that should be a ritual.

Third and last is that I have to take a break from the screen for an hour after taking two trades. It's a MUST. Especially if I've had any losses during that time. This is so that I don't stare myself blind when I could be in the middle of a chop zone.

Attached Thumbnails
Sam's trading journal.-1.jpg   Sam's trading journal.-2.jpg  
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  #48 (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

Two night trades. I noticed I was on the wrong side of the trend as I got into the first trade. I was too late to get myself out and let it pan out on its own. Decided to take another one while I still got in with a decent price, not my best trades but profit is profit. The 1.75P profit one was a stop placed mistakenly low. I'm 460 away from going live today.

Attached Thumbnails
Sam's trading journal.-11.jpg  
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  #49 (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 was just about to update this thread with the first picture when I took an impulse trade that ended in a loss (because of a too tight stop) And then I took another losing trade about 10 minutes after that one where I moved the stop.

First trade could of profited 5.75P but I was making food for the family with 7,5P target and a 5P stop.

I'll have a 3P target with a 3P Stop as first trade tomorrow and then next trade 3P stop with 4P target and then 3P stop with 5P target. If I notice I enter a trade too fast I'll move the target two ticks up but no further. If I've chased a trade to get in I'll get out at 2P target with 0.5P stop. Much to keep in my head so easiest would be going with a 1:1 R:R and stop if I get stopped twice.

Attached Thumbnails
Sam's trading journal.-19.jpg   Sam's trading journal.-20.jpg  
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  #50 (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


Had another bad trade after the last picture was taken.

Will be doing sim from now on only until I'm following my own rules. There's not enough in the trading account to trade live right now and I won't fill it before I'm consistent with my rules.

Hope someone else learns from my mistakes because I don't seem to right now .

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