Get In, Get up and Leave - trading style - Trading Journals | futures io social day trading
futures io futures trading


Get In, Get up and Leave - trading style
Updated: Views / Replies:8,209 / 149
Created: by Narcissus Attachments:35

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

Closed Thread
 35  
 
Thread Tools Search this Thread
 

Get In, Get up and Leave - trading style

  #81 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,106 since Dec 2014
Thanks: 2,132 given, 1,645 received

October 16 trade update

First bad location in the last 2 weeks. Not terribly happy about it but decided to stick to my execution.

Short - 2018

Why is it bad - Friday's ranges are usually small and hence fading better strategy. Not shorting the lows!

Why it may work out - Heavy volume at open and then market drifted down and hence Big players are potentially short or covered their longs.

If new highs are made, i.e 2024 after European close, then my trade likely to be a flop.

Very small range so far. I was too eager to get enough trades to get meaningful trading data.

I will remember this in the future.

LOCATION, EMOTION AND EXECUTION.

 
  #82 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,106 since Dec 2014
Thanks: 2,132 given, 1,645 received

I am proud of myself today.

Yes, it was an ugly entry. Shorting VAL on expected range day doesn't make me look smart.

My goal is to NOT to care about looking smart or stupid but to learn in the short term, not to loose in the medium term and gain in the long term.

Why am I happy today?

1. I posted my silly trade.
2. Still able to execute and not close.
3. After 1st profit target hit, didn't get excited.
4. When taking heat, didn't feel like closing it or change the plan.

Of course I may change my plan, like moving stops after 1st target hit etc but only after weekend analysis. Not impulsively whilst I have active positions.

I have come a long way in improving my discipline.

OK Narcissus, that's enough. Just remember the reasons for your avatar name.

The following user says Thank You to Narcissus for this post:
 
  #83 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,106 since Dec 2014
Thanks: 2,132 given, 1,645 received

October 16 Minion


Stops NOT hit. Position closed 5 minutes before close.


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

The following user says Thank You to Narcissus for this post:
 
  #84 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,106 since Dec 2014
Thanks: 2,132 given, 1,645 received

October 2nd week summary

Traded only 3 days this week. Monday was such a small range, it was simply not worth it. Wednesday was a hesitation day and missed the train.

Let's see the equity curve for the last 2 weeks first.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please note I trade SPY and not ES but using points for better reading clarity. After a good start last week, I had a breakeven week but positive trend continues.

Let's have a look at the individual trades.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


I took short every day. It's pretty clear that my preferred style is FADING and hence don't do well on Trend UP days.

My 2 stops were hit on Thursday after my 1st target was achieved. It was a reversal day i.e after European close, market turned around. I am considering moving my stops to HOD after my 1st target reached but will wait for more data. I am also considering taking a Second trade if my 1st trade reaches all 3 targets. This is to ensure I have enough trades to do meaningful analysis. I am hoping to get about 100 trades in 3 months.

In summary, pretty good start. Dull 2nd week. No new changes in execution.

The following 2 users say Thank You to Narcissus for this post:
 
  #85 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,106 since Dec 2014
Thanks: 2,132 given, 1,645 received

October 19 possibiliities

ES is trying to break out of the range from 1860 to 2020. I suspect formidable resistance above but NO sign of big sellers yet.

It looked like rolling over mid week but it reversed on Thursday with a retest and consolidation on Friday. Since it was Options expiration day, I am not sure whether it's a genuine breakout. Also note average volumes of just over 1 million on those 2 days.

I will wait for confirmation of breakout. NO LONGS CONSIDERED YET as we may be in the process of false breakout.

I will consider SHORTS if 2012 is taken out.

If we gap up, then I may fade but will be cautious and look for weakness in internals before doing that. If we gap down, then I will wait for the gap to fill first.

--------

I watched more of Mark Douglas' videos over the weekend. Great Guy. Every aspiring trader should read his book. Very entertaining but concise speaker too. I want to pay my sincere tribute and respect to Mark.

The following user says Thank You to Narcissus for this post:
 
  #86 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received


Narcissus View Post
OK Narcissus, that's enough. Just remember the reasons for your avatar name.

i would consider changing your moniker to @Sisyphus

The following user says Thank You to tigertrader for this post:
 
  #87 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,106 since Dec 2014
Thanks: 2,132 given, 1,645 received


tigertrader View Post
i would consider changing your moniker to @Sisyphus

It's probably time to let Narcissus go. He has probably learnt some humility in the last 12 months of being a spectator of the market and futures.io.

Sisyphus seems more apt now (except the physical strength).


Last edited by Narcissus; October 18th, 2015 at 11:56 PM.
The following user says Thank You to Narcissus for this post:
 
  #88 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received

.
Narcissus View Post
It's probably time to let Narcissus go. He has probably learnt some humility in the last 12 months of being a spectator of the market and futures.io.

Sisyphus seems more apt now (except the physical strength).

trading does not require physical strength, it requires an inner strength. as @Big Mike alluded to another post, a trader must accept responsibility for his actions. the notion of choice implies that we must accept the consequences of our choices, even when they are undeserved since consequences cannot be foreseen.

The following 5 users say Thank You to tigertrader for this post:
 
  #89 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,106 since Dec 2014
Thanks: 2,132 given, 1,645 received

Location - 2021 short - I wanted to wait for 2012/2025 to be taken out before entry. Hence premature entry.

Emotion - Restless before trading, impatient as I have to leave for day job and hence squeezed a trade.

Execution - Pretty good. 1st target hit 4 points. Then choppy whole day. Tight range and hence my other 2 targets/stops were NOT hit. Closed at the end for 4 pts cost.

Another data to consider tightening stops if Market stalls after my 1st target hit. No change in execution until weekend.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Last edited by Narcissus; October 19th, 2015 at 07:24 PM.
 
  #90 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,106 since Dec 2014
Thanks: 2,132 given, 1,645 received


Location. Pretty bad. Short 2021. Reason its a poor location is bcas my stop at 2029 is right at the obvious location. My goal is to place stops where only OTF can reach me. Misguided by initial flurry of sellers.

Emotion- Actually I was pretty calm and focussed.

Execution. So far so good but likely to be stopped out.


Last edited by Narcissus; October 20th, 2015 at 01:30 PM.

Closed Thread



futures io > > > Get In, Get up and Leave - trading style

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
How do I find someone trading a similar style as mine. Patrick S Traders Hideout 5 March 2nd, 2016 02:50 PM
Trading Forex With Nial Fuller style Ali Huzaifa Trading Journals 2 January 6th, 2016 07:51 PM
Day Trading the ES PATS style- 1 point at a time welly192 Elite Trading Journals 1505 April 12th, 2015 03:17 PM
TF journal (Market Profile trading style) scaffrey1 Elite Trading Journals 16 July 21st, 2014 11:19 PM
Elite Members: Need input on new Trading Training Room, BMT style Big Mike The Elite Circle 40 September 3rd, 2011 06:24 PM


All times are GMT -4. The time now is 09:40 PM.

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 2017-12-12 in 0.14 seconds with 20 queries on phoenix via your IP 54.221.93.187