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GruttePier's trading journal to getting profitable
Started:October 11th, 2015 (12:20 PM) by GruttePier Views / Replies:37,714 / 707
Last Reply:December 2nd, 2016 (03:26 PM) Attachments:286

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GruttePier's trading journal to getting profitable

Old June 22nd, 2016, 04:49 PM   #471 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
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danielk View Post
I'm not familiar with your journal but saw the webinar invite and came in for a quick peek. I quickly glanced at the first and last pages, and noticed quite a few similarities to my own trading style. You originally requested feedback and im writing this up in hopes you still welcome input. Im by no means a supertrader guru millionaire so the following are just my personal thoughts. I also sincerely hope you or any other readers dont take this as negative critique.

Sure, appreciate your response! The risk of keeping a public journal is receiving feedback



danielk View Post
Quick rundown on my styleÖ

Our trading does indeed have a lot of similarities. Itís not clear to me if you are trading on specific price levels or trading price action patterns? Seems like you rely on measured moved and 1:1 pullbacks.
Other than VWAP, Iím not using volume profiling anymore. I also donít use any indicators.



danielk View Post
In the chart your Trade#1 was perfect- a half back leg up on downtrending move. Trade# 2 and #3 are classic buy high/sell low mistake-trades ive had too many of.

Actually, trade #2 and #3 were made in a weak moment (see my notes on this specific day) and not representative. I consider these 2 trades as trade errors.



danielk View Post
Secondly, I'm not sure what your overall bias was hereÖ

Itís 1 post back in my journal, titled ďJune 20th prepĒ


danielk View Post
Edit: in our line of business theres too much snake oil and poseurs with "great" advice. I just wanted to clearify that the above is my theory, i all too rarely practice what i preach well enough tho... for all intents and purposes im attaching the real trades i did on the same day my bigger picture example was from.

Nice trading, well done!

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Old June 22nd, 2016, 04:57 PM   #472 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
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Trade log template

I've received a couple of requests for sharing the template of my Big Hairy Excelsheet and I promised to share it.
Here it is.

Trade log example.xlsx

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Old June 22nd, 2016, 05:07 PM   #473 (permalink)
Market Wizard
Missoula, MT
 
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GruttePier View Post
I've received a couple of requests for sharing the template of my Big Hairy Excelsheet and I promised to share it.
Here it is.

Hey, just got a chance to watch your webinar from yesterday. Really well done, and something to be proud of. I liked your focus on setting yourself free from things that obviously aren't working. It seems like it's really hard for folks to re-invent themselves.

I'm very impressed by your daily record-keeping, as well, though I will have to admire it from afar, as I am not inclined toward that level of detail. Doesn't keep me from being amazed by it, though!

Congrats on your journey to profitability, and I know you'll keep it up.

Cheers,

Michael

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Old June 22nd, 2016, 05:10 PM   #474 (permalink)
Market Wizard
Murrells Inlet SC
 
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I'm about half way through the webinar and I have to leave for date night but I wanted to say:

WOW! You have come so far from the guy I stumbled across trading bar patterns just a few months ago. I said this to you in a private message a while back but I'll say it here for the record
~ You have become a true trader who understands the market dynamics. You and I can now have an intelligent conversation regarding the market and I can gather information from you and know that it is based on sound logic.
Congratulations on achieving a contextual read on the markets!

Retail Bus made the slide- love it; Some random lines are more important than others- love it;

One interesting note- Many of the questions were concerning bar setting and things that looked like indicators (VWAP, OR, Y_H,L,C and the Pivots) but are in fact just price measurements. I did not hear a question about Context which you clearly stated was the Game Changer. I sincerely hope that folks who watched the webinar that have not been introduced to trading with context think very deeply about what you said- The bar settings don't matter! The random lines are to draw context from and support and resistance is where you trade your bias.

Great job GP- looking forward to watching the rest of it as soon as time permits.

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Old June 22nd, 2016, 06:03 PM   #475 (permalink)
 R.I.P. 1969-2016 
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Big Mike View Post
What did everyone think of the webinar?

Mike

I was great :"normal" trading by "normal" person. I love to read the Market Wizards stories but at my level I prefer to see how non-pro people managed to be profitable.

Great initiative.

Thanks.

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
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Old June 22nd, 2016, 08:59 PM   #476 (permalink)
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tturner86 View Post
I agree and I can't thank @GruttePier enough as he set a great example for the others to follow.

I have a shortlist of traders I am approaching and we will continue these throughout the year. I am hoping that we can cap it next year with @Big Mike's afternoon part 2.

Excellent plans.

Especially about @Big Mike.

Bob.

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Old June 23rd, 2016, 12:56 AM   #477 (permalink)
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Recording of webinar

Is the recording of Webinar available. I couldn't attend because of time difference.

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Old June 23rd, 2016, 06:13 AM   #478 (permalink)
Market Wizard
Amsterdam, The Netherlands
 
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It's a couple of page back in this journal


Verzonden vanaf mijn iPhone met Tapatalk

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Old June 23rd, 2016, 10:43 AM   #479 (permalink)
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san luis obispo ca United States
 
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GruttePier View Post
My initial idea is to stay on the sideline today, watch for an opportunity and donít force anything.
Itís going to be another tight range day. On the upper side Iíll be looking for fades from the 2085 and 2089-90 level. On the downside, Iíll be looking for fades from the 2074-75 level.
An opportunity for a breakout upwards is more likely than a breakout downwards.

Iíll be on the side line today. If there a to-good-to-be-true opportunity, only then I will take it.

First let me say thanks for the webinar I really enjoyed it. Its helpful to hear someone who has been struggling find some confidence and success.

My question is about your analysis of the 22nd. You had said a breakout upwards was more likely than a breakout to the downside. I am curious what factor went into that bias.

Thanks

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Old June 23rd, 2016, 02:01 PM   #480 (permalink)
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Really enjoyed your webinar. Love the stats! Will you be tracking stats on the first and second contracts separately so that you can compare their relative performance?

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