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

  #1 (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

Sam's trading journal.

Short about this journal and my intentions with it:

I hope to have a place to share my ideas and thoughts regarding my trading. If there are any questions regarding why I took a certain trade or not, feel free to ask because I learn as much by explaining to you as trading by itself.

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  #2 (permalink)
Quick Summary
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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.

 
  #3 (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
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25.9.2015

3 trades
3 wins

profit 26.25 on the NQ

Attached Thumbnails
Sam's trading journal.-nq-12-15-60-tick-25_9_2015.jpg  

Last edited by Sam21; September 25th, 2015 at 05:02 AM. Reason: I forgot to put the profit in.
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  #4 (permalink)
Market Wizard
Sarasota FL
 
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Sam21 View Post
Short about this journal and my intentions with it:

I hope to have a place to share my ideas and thoughts regarding my trading. If there are any questions regarding why I took a certain trade or not, feel free to ask because I learn as much by explaining to you as trading by itself.

A suggestion: instead of waiting for questions, perhaps it would be better to post your reasons when you post the trades.

Also, one of the benefits of a journal is to help you recognize your mistakes when you make them, as everyone will. So if you post not only the reasons for a trade, but also look at both what went right and what went wrong, you may find it is more helpful to you.

I have noticed that usually the greater benefit of a journal is to the person doing the trading, more than to its readers.... Although we all can benefit, and do, ideally.

Also, is this live or sim trading? If it is not live, you will probably find a huge difference when you are live, because of the psychological issues of winning and losing something real.

Good luck with your journal and your trading.

Bob.

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  #5 (permalink)
Elite Member
Helsinki, Finland
 
Futures Experience: Intermediate
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Thanks Bob for the advice!

Yep this is sim trading, next week's monday I start with real money and will study how to best set up an account with what firm this weekend.


I've had a couple more trades today, I'll post pictures and results later since I'm still playing.

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  #6 (permalink)
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Futures Experience: Intermediate
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25.9 - 16-18:40

TF +2 - 2
NQ -4

9 trades

2 wins
7 losses

profit $425

Fix this for tomorrow's trading session:

Patience in picking trades.

Take a step or two back from the screen and look from another point of view.

Oh also remember to put in stop losses before hand because one of these trades could of cleaned all profits.

Less trades, max 2 consecutive losses in a row to avoid a bad state.


Last edited by Sam21; September 25th, 2015 at 12:58 PM. Reason: I forgot some details that help future me.
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  #7 (permalink)
Trading Apprentice
Atlanta, Ga/United States
 
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Posts: 2 since Mar 2015
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Trading Plan

Hello Sam21, just a suggestion...posting an actual "Trading Plan" at the beginning of your journal will probably help you more than anything else. This way you have a way to see if you are following your plan...and if its not working you can always modify your own plan. But mainly, its there for self-accountability. Also, I wouldn't rush into a real account until your simulated account is solid. If you train the way you fight, you will likely fight the way you trained...meaning, use your sim account to do exactly what you would do with real money. Identify, how much pain you can endure/afford. As well as, profit targets...are you able to take a profit without "greed" setting-in (keep trading because you feel invincible only to give it all back plus some, nothing wrong with taking a profit for the day.

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  #8 (permalink)
Elite Member
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Futures Experience: Intermediate
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Posts: 87 since Sep 2015
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Thanks Wiredog, great idea! I will post a trading plan as soon as I feel comfortable sharing it online, right now it's just on paper, that's also where my feeings journal is. I'm still too shy to share 100% everything.

I really do like your suggestions though Wiredog & Bob glad you're around to guide newbie's such as myself.

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  #9 (permalink)
Elite Member
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Posts: 87 since Sep 2015
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I've been off track for more than two weeks and that's why I haven't updated these posts. (ashamed)

I followed most of my rules during friday's session though and had 3 trades in on the ES 2 winners and one loss =
650$ profit. This is also the only day this week where I didn't trade with the same stop loss and target rules as usual because I had a longer timeframe. (Trade duration over 4 hours whilst most of my trade are maximum of 1 hour depending on how fast my targets get hit)

When I followed all rules except the one about how many trades per day I had an average of $800 profit. But there were more than 40 trades per day and so many mistakes that I don't want to re-live them by writing them here. I already have them in my other journal.

From now on I'm going to share all I've learned from the live-sim trading and also what I've learned about trading as a whole (and even book's I've read for psychology maintenance).



What I've learned through my paper-trading:

I don't trade well when I'm in a rush.

I trade better when I have a written statement of how the trade will be doing and why.

I cope better with stress when I have soothing piano music on (I feel stressed when I trade regardless of the time of day I do it)

Whenever I've written in my journal after the trading day I feel a lot better about my losses because I feel they are easier to learn from when I've written them down.

The fewer trades I make the better I feel about myself as a trader.




Book's I've read these past couple of weeks:

the tools by phil stutz and barry michels - re-read the whole book as soon as I finished it. It's that great.

money master the game by Tony Robbins - Wrote about 50 pages of notes that I need to filter through to understand it better.

the emotion code by Bradley Nelson - I've practiced the methods teached about 5 different occasions, still to no effect that I know of (but I don't give up easily). Will continue for the rest of the year at least once a week.


Oh and I've also realized that live trading will have to wait for a day when I'm more knowledgeable because I feel incompetent about taxes and other costs of trading still.

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  #10 (permalink)
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Favorite Futures: M6E, 6E, M6B, 6B
 
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Posts: 87 since Sep 2015
Thanks: 166 given, 60 received


Today is the best day ever. I had 4 trades (if you count the micro FX trades that I just tried out for the first time)

My only regret is the lack of focus I during these trades. I was having a friend over and put most of the trades on while he was on the phone (I sneaked away). I did however concentrate 100% whilst being at the computer so I think that may have helped my decision making.

4 trades 4 winners.

$510 profit.

If I count Friday's success trades too I have 85,71% profitability with average winning trade $210 and average losing trade -$100. This is a system I want to further investigate for at least 1 week before any changes what so ever.

My system: Check the 15, 10, 5 , 3 and 1 minute charts in the morning. Check the 444 233 144 and 60 tick charts during my trade entry and leave my trades to hit my targets. (PHYSICALLY LEAVE THE COMPUTER) I enter with a minimum of 1:1,5 R:R (except the FX micro trades because I didn't get the targets to function on these trades).


Emotions during trading today: excited, scared, guilty, hopeful, relieved and filled with gratitude when I saw results.

Attached Thumbnails
Sam's trading journal.-m6e-12-15-1-min-19_10_2015.jpg   Sam's trading journal.-fdax-12-15-1-min-19_10_2015.jpg   Sam's trading journal.-nq-12-15-1-min-19_10_2015.jpg  
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