One trade per day

jossfx · (login for full post details)

Hello friends.

My name is Jose, from Spain. I am not an expert in futures trading. In the past I have traded spot forex during my university years without much success. Now that I have finished my studies my dream is to become a full time trader. But I know this will be a very hard task. I have a year of testing to prove if I can be full time trader before starting the master's in quantitative finance. I will try in the measure be updated my journal but my English is not the best and this may pose some problems. I will not explain in detail my strategy because the most important thing in my trading are the skills.

Setup:

Broker: NinjaTrader
Data: CQG
Risk: 0,33% per trade ~ 100$
Profit: 0,33% - 0,66% per trade ~ 100$ - 200$
Contracts: 1

Instruments: 6E, 6B, 6A, 6C, 6J, 6S, 6N, ES, CL, GC

I hope you enjoy with my trading journal

Thanks,
Jose

jossfx · (login for full post details)

01/12/15

6E +8 ticks 100$ profit

jossfx · (login for full post details)

02/12/15

I decided to make a second trade because the first loss was very small

6N 2 trades -3 ticks and +10 ticks
total: 70$ profit

jdox · (login for full post details)

oops. Might need to change the title of the thread

jossfx · (login for full post details)

jdox

oops. Might need to change the title of the thread

really you can expect a only trade in 99% of the days

Tymbeline · (login for full post details)

jdox

oops. Might need to change the title of the thread

I was going to say (but didn't like to) ... unless you're trading something time-specific like "the first opening range breakout", perhaps, it's not easy to understand the logic of limiting yourself to one trade per day: it can mean missing or excluding an even better set-up, a trade with a bigger edge, just on the grounds that you've already traded once? I know people's perspectives differ on the point, but it's always seemed to me that if one has an edge, one should be applying it to the market whenever one gets a genuine opportunity?

Wishing you well with your journal.

Keab · (login for full post details)

If you're trading futures and paying for data then you really should be looking at the advantages that trading futures give you. I can see you have delta loaded but that's half the story. Can I suggest you look at volume profile to start with. If using Ninjatrader you can download a Gom MP indicator if you pay $100 to join bigmike's elite circle. Do some research before committing though!

Also, here's a quick idea-you see those big aggressive bars on the delta? Why not come up with a plan that gets you to trade with them and not against them?

jossfx · (login for full post details)

Tymbeline

I was going to say (but didn't like to) ... unless you're trading something time-specific like "the first opening range breakout", perhaps, it's not easy to understand the logic of limiting yourself to one trade per day: it can mean missing or excluding an even better set-up, a trade with a bigger edge, just on the grounds that you've already traded once? I know people's perspectives differ on the point, but it's always seemed to me that if one has an edge, one should be applying it to the market whenever one gets a genuine opportunity?

Wishing you well with your journal.

Thank you for the advice.

The reason I prefer a one trade per day, it's psychological and based on my experience I get better results. I put all my attention on beat the market once a day. And this works better for me at the moment. In the future maybe go increasing the number of trades per day. But time will tell me when I'm ready for this.

Thanks brotha for participating

jossfx · (login for full post details)

bootsyjam

If you're trading futures and paying for data then you really should be looking at the advantages that trading futures give you. I can see you have delta loaded but that's half the story. Can I suggest you look at volume profile to start with. If using Ninjatrader you can download a Gom MP indicator if you pay $100 to join bigmike's elite circle. Do some research before committing though!

Also, here's a quick idea-you see those big aggressive bars on the delta? Why not come up with a plan that gets you to trade with them and not against them?

Yes, I have GomMP installed. But I'm not interested in. I tried but I don't take advantage from GomMP.
I have my own interpretation of CD based on my experience. At the moment I'm fine with my rules, and I do not intend to change them for now.

Thanks for participation and look forward seeing you here soon.

sorry if my english is not the best

Keab · (login for full post details)

Ah ok no problem then.
Your English is very good by the way!

jossfx · (login for full post details)

bootsyjam

Ah ok no problem then.
Your English is very good by the way!

thanks brotha
see you

jossfx · (login for full post details)

03/12/15

Today is a difficult day for trade.
Maybe stay out of the market.

many news and ECB conference.
spot and futures uncorrelated

jossfx · (login for full post details)

04/12/15

6N +10 ticks $100 profit

jossfx · (login for full post details)

30/11/2015 - 04/12/15

First week finished

Daily Net Profit

Cumulative Profit

jossfx · (login for full post details)

07/12/15

6S -5 ticks $62.5 loss

jossfx · (login for full post details)

08/12/15

6B -1 ticks $6.25 loss

jossfx · (login for full post details)

09/12/15

6J +8 ticks $100 profit

jossfx · (login for full post details)

Now, what you want to aim for is that your trading should be boring. Most people can’t understand this; for them, trading is all about excitement. But for me I want to be doing profitable boring trades all day. Good trading should be boring.

Mark Andrew Ritchie

jossfx · (login for full post details)

Today is a sad day for me. My dog has died. 13 years with him, 13 years unforgettable.

I will be absent several days, I can not trade now.

Lennon was and will be my best friend always

Official thread:

my dog has died

Very sad day for me.

I miss lennon... I need him in my life

My best friend for ever

Never forget you, friend