Gladiator Trading Journal - Profit or Bust - Trading Journals | futures io social day trading
futures io futures trading


Gladiator Trading Journal - Profit or Bust
Updated: Views / Replies:3,409 / 56
Created: by Trader2016 Attachments:0

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

Reply
 
Thread Tools Search this Thread
 

Gladiator Trading Journal - Profit or Bust

  #11 (permalink)
Independent News Watchman
New York, New York
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: ES
 
Trader2016's Avatar
 
Posts: 141 since Feb 2016
Thanks: 20 given, 40 received

Max draw down: -$500
Closed -$360
Never positive enough to mention

My problem today was not sticking with the trade. I see the signal. I enter the market, and I even brought the size a few times, but I wouldn't wait for the trade to follow through, but the little losses over time added up.

Another thing I'm doing is I'm becoming channel locked trying to chase the changes in momentum, but losing for chasing it up or down before bailing out on it.

There were positive trades, but the profits were too small to measure up to anything.

Losses were never that great today.


Conclusion:

Make fewer trades by cutting out the trades with too few signals to even justify entry.

Capture profits when they are on the DOM more quickly instead of waiting for more to appear.

Stay with the trade if the signal is there.

If the trade comes back, and it breaks the last support, and the CCI breaks against the trade too, exit. Then enter further down or higher when the inflection signals return.

Reply With Quote
 
  #12 (permalink)
Market Wizard
 
Futures Experience: Advanced
Platform: Spoon!
 
Rory's Avatar
 
Posts: 2,743 since May 2014
Thanks: 5,444 given, 8,097 received


Trader2016 View Post
How do I move this journal to the elite journal forum?

i'm up due to very unwise late burger...

Your not showing as an Elite member (maybe you are and just edited that field) so join if not and then just ask Big Mike to move the thread.

Reply With Quote
The following user says Thank You to Rory for this post:
 
  #13 (permalink)
Elite Member
Leeds UK
 
Futures Experience: Intermediate
Platform: FXTrade
Broker/Data: Interactive Brokers, CapitalSpreads, Oanda
Favorite Futures: GBP/USD
 
Tymbeline's Avatar
 
Posts: 401 since Apr 2015
Thanks: 894 given, 486 received



Rory View Post
Your not showing as an Elite member (maybe you are and just edited that field)

He is on my screen (and was yesterday) ...


Rory View Post
i'm up due to very unwise late burger...

Some of those burgers don't even have any common sense, let alone wisdom.

Reply With Quote
The following 2 users say Thank You to Tymbeline for this post:
 
  #14 (permalink)
Independent News Watchman
New York, New York
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: ES
 
Trader2016's Avatar
 
Posts: 141 since Feb 2016
Thanks: 20 given, 40 received

Ya, I just paid the bill on the membership. I'll contact the Big Dawg about moving this thread.

Thanks

Reply With Quote
 
  #15 (permalink)
Independent News Watchman
New York, New York
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: ES
 
Trader2016's Avatar
 
Posts: 141 since Feb 2016
Thanks: 20 given, 40 received

Wednesday, Feb 24, 2016



The days not done for me this minute. It's half way through the day.

I screwed up when I was still in the market, and a Gasoline supply number came out. That was dumb. /ES was stalling, but oil flew up a chunk too much so fast I figured that the /ES would just follow that up. It did, and I was right, but instead of scaling in like a sane trader, I'd tie myself to an anchor, and end up at the bottom of the sea for going full position of 15 contracts.

I should have scaled in to begin with.

My trade was right, but the risk management was insane.

The second I saw the trade going the wrong way I should have scaled out right then to keep from blowing up with just a few whole points down.

I was up $1600 for the day on a $150k account then down -$3000.

Other than that I've been trading today's bearish /ES trend starting in the early pre hours and first few hours perfectly.
Rolling With Punches It's thoroughly entertaining.


Last edited by Trader2016; February 24th, 2016 at 01:09 PM.
Reply With Quote
 
  #16 (permalink)
Independent News Watchman
New York, New York
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: ES
 
Trader2016's Avatar
 
Posts: 141 since Feb 2016
Thanks: 20 given, 40 received

Thur, Feb 25, 2016

Another day of being right all day, but I'm mishandling my size when scaling in and out the right way for risk control. I mishandled that again, and blew out my daily draw down. Recognition and quickness are what I need to work on. Other than that I'm polishing up my technique as being complete and profitable every day.

The biggy for me is still just holding on to the trade. I'm calling out entry points like a pro, but if I get out too fast, and price action goes bad or of all things I'm not reading my indicators to see which way they saythe market is supposed to go, then I get stopped out by my stop or blown out for the day at $3000 limit.

I blew out small amounts here and there in the morning, and then blew out $3000 for the above reasons. I wasn't scaling right, and I wasn't reading my signals right. There was an economic data release or bond market that didn't happen that put a bullish trend in the oil thus the equities which were both in a bearish trend until midday.

After running my daily draw down in one account, I switched to another practice account, and I closed out with $1800 up on the day because when markets shake and move, I'm holding on to their boxing gloves pealing off my money.

Reply With Quote
 
  #17 (permalink)
Independent News Watchman
New York, New York
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: ES
 
Trader2016's Avatar
 
Posts: 141 since Feb 2016
Thanks: 20 given, 40 received

After today I don't know if I'm ready to start the combine on Monday. That was the plan for the past two weeks.

The main thing about today's train wreck was that I assumed that the height of the Asian and EU rallies were indicative of a bull market in the US today. There was no bull rally though. There was a good US GDP number that popped the US Dollar, and oil sold off, so the stock market sold off. I completely blew it because I was confirmed by the EU and Asian rallies as a bull trend buy signal, but I completely missed the fact that the US GDP at 5:30 popped the dollar.

I blew out yesterday's eighteen hundred dollar gains and 2.5k more. Each one of those big sell offs off of the line were skidder loads full of dollars that I was caught long on and overweight.

Other than that I did okay. I followed the rules, and I was making money early on in the morning by buying one contract before I fell asleep. Really the US sell off after the rise on over seas activities began at 2am here, and the GDP was at 5:30 which popped the dollar up for the rest of the day. It would pay to find out what caused the US sell off at two.

I fell asleep for a really easy and obvious trade. I'm doing poorly. Maybe more like stupidly.

Now that I lay out these problems, I'm going to start a combine next week after all. Maybe on Monday. Maybe not. I'm not too far off of the mark. Technically the watchout work I do watching CNBC and FB news all of the time is to know if there is a trend coming, so I can adjust and trade accordingly. In my watch I did not include the /DX. In fact, all I did was look at EU and Asian markets, and the /DX is as important as /CL is to the way the US equities trade.

Reply With Quote
 
  #18 (permalink)
Independent News Watchman
New York, New York
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: ES
 
Trader2016's Avatar
 
Posts: 141 since Feb 2016
Thanks: 20 given, 40 received

Monday Feb 29, 2016

Today I wasn't getting a solid read in the pre market hours, so I waited until the open.

I should have just obeyed the CCI, but I get to into it and/or over think it. Maybe it's over trade it, but again I would have made plenty by following the rules.

One thing I missed was that there was a huge volume spike in the middle of the day after the bull rally, and then the bearish engulfing candles followed immediately after that. That should have indicated a reversal, but that slipped past me.

I need to look for engulfing candles and volume spikes more. I'm not in the routine deeply enough.

The first half of the day was a bull trend making 3 bounces off of the H Line before reversing into a very strong bear trend to finish out the rest of the day down hard. 3/4 of the way to the close a floor trader said on CNBC that there was over a billion to the sell side in the queue before the close, and it plummeted from there to the end.


The New Indi Signal:

I figured out that most of the time if the CCI has already crossed it's oversold/bot ranges passed the other side, but the price is not crossing the H Line, then it's going to be a bounce and a trend. This rarely fails. In fact you can tell something about the trend's strength by how far the CCI won't go to reach the other side before it reverses. The less it crosses before reversing the stronger the trend.

I should be looking for trend strength indicators to gauge when a reversal is likely to occur.


The ATM strategy I should use:

When I'm certain of a move, and a scale in fast and large, I need to capture 3/4 of the cons' profits at just a few ticks past entry. I notice that the largest percentage of the time when I scale in on these events, I make a bunch, but then I lose a bunch. I'm just going to blow out if I don't just bail out quickly because that window of certainty is always very short before the odds change against me, and I may experience a blow out because I hold on to the trade past the time. Most of the time I lose a bunch for not taking profits right away.

Reply With Quote
 
  #19 (permalink)
Independent News Watchman
New York, New York
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: ES
 
Trader2016's Avatar
 
Posts: 141 since Feb 2016
Thanks: 20 given, 40 received

Tuesday, March 1, 2016

Last night I went shorted the ES just as the market was reversing. I lost a few hundred, and then waited for the pivot to confirm not long thereafter. When I could see in the volume around the pivot, and on the bounce on the H Line that the trend was to the upside as well as Asian markets in the green, I bought 1 contract. When I woke up at 6pm today I was up $800 before the open.

I shorted the open, and I didn't take profits before I was down a few hundred believing that the market was selling off after being down yesterday rejecting 1955 resistance. Today the market closed up 50 points on the high of the day.

I didn't re-enter the market all day because the bull market was so strong that price was not nearing the H Line. HUGE paper on /ES bought at 1950 yesterday, the CL & ES HUGE divergence today & strength today's trend, & VIX is below 20, so things look mighty bullish going into Fridays NonFarm Jobs report.

Reply With Quote
 
  #20 (permalink)
Independent News Watchman
New York, New York
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: ES
 
Trader2016's Avatar
 
Posts: 141 since Feb 2016
Thanks: 20 given, 40 received


Wednesday March 2, 2016

I saw an uptrend last night, and I bought one contract to ride it out. I looked again at about midnight, and it was up $300. I should have rolled up my stop because immediately after that, Moodys downgrades China. When I looked again, it was gone.

I tried to catch some trades before the open, and I was down a few hundred. It was because I was assuming uptrend because of the way the market traded the day before, but the rest of the day was an unbiased chopper. There was no trend.

It was nice to see the chopper day rather than trend because they are easiest to trade. I can spot the entries much easier, and they are right more consistently than when market is trending.

Reply With Quote

Reply



futures io > > > Gladiator Trading Journal - Profit or Bust

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Dow Likely to Bust Through Record--Then What? Quick Summary News and Current Events 0 March 1st, 2013 09:40 PM
SCHIFF: The Housing Bust Was Just A Preview kbit News and Current Events 0 May 23rd, 2012 12:30 PM
Deutsche On QE3, It's $800bn Or Bust! Quick Summary News and Current Events 0 December 18th, 2011 08:30 AM
Guest Post: The Reasons For China's Imminent Bust Quick Summary News and Current Events 0 November 18th, 2011 06:20 PM
AR01 Price Area Journal (Not a trading journal) AR01 Emini Index Futures Trading 69 April 2nd, 2010 09:01 PM


All times are GMT -4. The time now is 12:11 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 2017-12-15 in 0.16 seconds with 19 queries on phoenix via your IP 54.226.34.209