GruttePier's trading journal to getting profitable - Trading Journals | futures io social day trading
futures io futures trading


GruttePier's trading journal to getting profitable
Updated: Views / Replies:71,617 / 1,027
Created: by GruttePier Attachments:530

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 – 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 don’t 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

Reply
 530  
 
Thread Tools Search this Thread
 

GruttePier's trading journal to getting profitable

  #271 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader 8
Broker/Data: NinjaTrader Brokerage
Favorite Futures: CL, ES, NQ
 
GruttePier's Avatar
 
Posts: 901 since Dec 2013
Thanks: 1,712 given, 3,258 received
Forum Reputation: Legendary


Inletcap View Post
You are well on your way my friend! Spreading your wings and trying/experiencing new things. When I just read your post I realized that you are now truly understanding markets clearly. That's awesome- an entire perspective cannot be beat- it can be challenged, but not beaten.

Thanks, that's nice to hear.

I was really stuck at that time. Then you came in my journal and opened my eyes.
I know I still have lots and lots to learn, but making a small profit along the learning curve is nice and motivating .
Maybe one day I might even come close to your half or your results, but for now it's consistency that I must work on.

Reply With Quote
The following 2 users say Thank You to GruttePier for this post:
 
  #272 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader 8
Broker/Data: NinjaTrader Brokerage
Favorite Futures: CL, ES, NQ
 
GruttePier's Avatar
 
Posts: 901 since Dec 2013
Thanks: 1,712 given, 3,258 received
Forum Reputation: Legendary

ADR

I updated my big, hairy excelsheet in which I record my trades and calculate my stats.

I included the following data:
- Daily range of the days that I traded that particular month
- The average profitable trade as a percentage of the daily ranges traded in that particular month
- The same for the losing trades

Below are the results sofar:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


As my risk per trade remains roughly the same, I expect the percentage of losing trades to flucuate depending on the ADR. That's fine, I'm not paying attention on this.

The percentage of profitable trades must increase to capture more of the daily moves.
That's why I'll be focussing on this and keeping stats.

Reply With Quote
The following 4 users say Thank You to GruttePier for this post:
 
  #273 (permalink)
Elite Member
canton mi
 
Futures Experience: Beginner
Platform: ninja xtrader
Favorite Futures: tf, es
 
Posts: 233 since Jan 2014
Thanks: 316 given, 145 received



GruttePier View Post
I updated my big, hairy excelsheet in which I record my trades and calculate my stats.

I included the following data:
- Daily range of the days that I traded that particular month
- The average profitable trade as a percentage of the daily ranges traded in that particular month
- The same for the losing trades

Below are the results sofar:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


As my risk per trade remains roughly the same, I expect the percentage of losing trades to flucuate depending on the ADR. That's fine, I'm not paying attention on this.

The percentage of profitable trades must increase to capture more of the daily moves.
That's why I'll be focussing on this and keeping stats.

I really like that data I need to start using that. Also how do u deal with the noise of the trin on the open I never found it useful because of this. Nice trading by the way keep it up

Reply With Quote
The following user says Thank You to nightshade for this post:
 
  #274 (permalink)
Elite Member
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,605 since Jan 2013
Thanks: 26,507 given, 11,006 received


GruttePier View Post
Trade 1: +8.75 points
- Anticipating a reversal near extreme of day

Trade 2: -2.5 points
- Anticipating a reversal near extreme of the day
...
- Hindsight: I need more information than only internals to go counter-trend. Better to wait for a lower high than predicting the HOD. I can analyse what I want, but this was just a stupid amateur trade in trying to predict a top

I am not entirely sure I agree with the judgment "this was just a stupid amateur trade in trying to predict a top".

That it was a top that didn't happen is clear in hindsight. It is also a common amateur move to predict tops.... But the rationale, as offered, was not too different from the rationale for the successful long trade off the bottom.... An extreme of the range, etc. If the day had worked out to be more a range day, it would have, in hindsight, been pure genius.

I don't truly know how to figure out whether it will be a range, or a trend, or if it will change from one to another. I do know that you have to take your choice at the time. The "correct" strategy to trade a range is to go against the direction of price at the range limit, and be ready to be wrong, if you are. I have a lot of trouble with that, which is why I put "correct" in quotes -- it's supposed to be right, anyway.

But it wasn't dumb, it simply didn't work. There may be some things that can be looked at that would have helped get it right, but it wasn't just a pointless mistake....

By the way, please let me know when you've discovered how to know when to fade a range, and when not to. I would truly like to know it!

Bob.

Reply With Quote
The following 2 users say Thank You to bobwest for this post:
 
  #275 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader 8
Broker/Data: NinjaTrader Brokerage
Favorite Futures: CL, ES, NQ
 
GruttePier's Avatar
 
Posts: 901 since Dec 2013
Thanks: 1,712 given, 3,258 received
Forum Reputation: Legendary

April 7th prep

Market overview
- Japan, slightly up
- China, slightly up
- Europe, slightly down
- Oil, down 1%
- Gold, up 1.4%
- Bonds, slightly up
Overall sentiment is slightly negative.

Good news on the jobless claims this morning.
Yellen speaks toningt

Important price levels
- 2067.00 Last weeks high, resistance level towards new highs
- 2057.00 VPOC on weekly and ATH composite, HVN on monthly
- 2034.25 Week low

Overnight made a small higher high, then dropped towards yesterday´s VWAP.

Considerations
- The positive news on the lower than expected jobless claims might give the market a push upwards
- Yellen speaks tonight, markets might be holding back in anticipation of the speach

I'm expecting price to be trading in the range 2034 - 2057.
I'll be looking for longs on pullbacks above the OR and viseversa for shorts. Depending on the market context at that moment, I'll be taking a long of the 2034 and short of the 2057.

Reply With Quote
The following user says Thank You to GruttePier for this post:
 
  #276 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader 8
Broker/Data: NinjaTrader Brokerage
Favorite Futures: CL, ES, NQ
 
GruttePier's Avatar
 
Posts: 901 since Dec 2013
Thanks: 1,712 given, 3,258 received
Forum Reputation: Legendary


nightshade View Post
I really like that data I need to start using that. Also how do u deal with the noise of the trin on the open I never found it useful because of this. Nice trading by the way keep it up

Thanks nightshade!

I'm not a pro on trading with TRIN, but my experiences sofar:
- It's unreliable during the first hour of trading (as with RTH VWAP and SD bands)
- If, for example, TRIN is trading below 0.80 (indicating strenght) but market is positive (say above VWAP), I noticed that sooner or later on the day sentiment turns towards negative

Seems like you are trading with TRIN also.
How do you use it in your trading, what's your experience with it?

Reply With Quote
The following user says Thank You to GruttePier for this post:
 
  #277 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader 8
Broker/Data: NinjaTrader Brokerage
Favorite Futures: CL, ES, NQ
 
GruttePier's Avatar
 
Posts: 901 since Dec 2013
Thanks: 1,712 given, 3,258 received
Forum Reputation: Legendary


bobwest View Post
I am not entirely sure I agree with the judgment "this was just a stupid amateur trade in trying to predict a top".

That it was a top that didn't happen is clear in hindsight. It is also a common amateur move to predict tops.... But the rationale, as offered, was not too different from the rationale for the successful long trade off the bottom.... An extreme of the range, etc. If the day had worked out to be more a range day, it would have, in hindsight, been pure genius.

I don't truly know how to figure out whether it will be a range, or a trend, or if it will change from one to another. I do know that you have to take your choice at the time. The "correct" strategy to trade a range is to go against the direction of price at the range limit, and be ready to be wrong, if you are. I have a lot of trouble with that, which is why I put "correct" in quotes -- it's supposed to be right, anyway.

But it wasn't dumb, it simply didn't work. There may be some things that can be looked at that would have helped get it right, but it wasn't just a pointless mistake....

By the way, please let me know when you've discovered how to know when to fade a range, and when not to. I would truly like to know it!

Bob.

He Bob,

there was discussion in Scalpers Thread on when people get irritated during their trading. Some get pissed when they miss opportunities, some when they loose, etc.
I have no issues with a losing trade as long as it's a nice setup but the trade just didn´t work that time. What I cannot stand though, is when made a stupid trade.

When stopped out on the failed trade yesterday, I felt like an amateur trying to predict a top and short it. I agree that there is a thin line between a stupid trade and a genius trade.
Thanks for putting things in perspective.

I'll let you know when I found the silver bullet in fading. Promise me you do the same once you found it

GP

Reply With Quote
The following 3 users say Thank You to GruttePier for this post:
 
  #278 (permalink)
Elite Member
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,605 since Jan 2013
Thanks: 26,507 given, 11,006 received


GruttePier View Post
I'll let you know when I found the silver bullet in fading. Promise me you do the same once you found it

It's a deal.



Bob.

Reply With Quote
The following user says Thank You to bobwest for this post:
 
  #279 (permalink)
Market Wizard
Germany
 
Futures Experience: Intermediate
Platform: Other
Favorite Futures: ES, YM, 6E
 
Posts: 2,502 since Feb 2013
Thanks: 4,480 given, 6,112 received
Forum Reputation: Legendary

Thought you already got one ...


Reply With Quote
The following 3 users say Thank You to choke35 for this post:
 
  #280 (permalink)
Elite Member
canton mi
 
Futures Experience: Beginner
Platform: ninja xtrader
Favorite Futures: tf, es
 
Posts: 233 since Jan 2014
Thanks: 316 given, 145 received



GruttePier View Post
Thanks nightshade!

I'm not a pro on trading with TRIN, but my experiences sofar:
- It's unreliable during the first hour of trading (as with RTH VWAP and SD bands)
- If, for example, TRIN is trading below 0.80 (indicating strenght) but market is positive (say above VWAP), I noticed that sooner or later on the day sentiment turns towards negative

Seems like you are trading with TRIN also.
How do you use it in your trading, what's your experience with it?

i don't use it anymore because of the first hour noise, that's why i was asking you about it. i find the adv decln works better for me. but always looking for new ways to look at the trin maybe i might find it usefull one day

Reply With Quote
The following user says Thank You to nightshade for this post:

Reply



futures io > > > GruttePier's trading journal to getting profitable

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Ask Me Anything (AMA) w/Rod Casilli @ Collective2

Aug 23
 

Prototyping Python Strategies (part 3, Live Trading) w/Ran Aroussi [1PM ET]

Elite only
 

Develop Strategies and Perfect Execution w/Brannigan Barrett @ Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Most profitable Trading room Farhangp Trading Reviews and Vendors 19 December 28th, 2016 05:40 PM
Profitable sim/market replay = profitable live? nourozi NinjaTrader 7 January 20th, 2014 10:03 AM
Simple Directional Trading profitable? Big Mike Traders Hideout 29 November 24th, 2013 10:38 AM
Profitable Patterns in Trading JDNeeman Trading Journals 8 June 28th, 2012 07:45 PM
Modification in trading habits to start being profitable arjfca Psychology and Money Management 20 February 15th, 2012 05:54 AM


All times are GMT -4. The time now is 07:22 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 2017-08-17 in 0.17 seconds with 20 queries on phoenix via your IP 54.158.195.221