Overnight trading journal - Trading Journals | futures.io
futures.io futures trading


Overnight trading journal
Started: by HoopyTrading Views / Replies:9,803 / 66
Last Reply: Attachments:80

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Reply
 80  
 
Thread Tools Search this Thread
 

Overnight trading journal

  #21 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 169 received


rintin2x View Post
It's too leverage and way abv my risk appetite to leave futures trading overnight w/o checking it. Good luck.

I'm not sure I understand that sentiment. What do you mean by "too leveraged" and leaving the contract overnight? According to my broker, overnight simply means the hours the instrument is closed. When the instrument's market reopens, you are back on daytrading margin. And I have yet to see a futures instrument reopen at such a radically-different price from the previous close in the two years I have been following them.

Can you shed light on experiences you have had doing this sort of trading? What are the pitfalls?

Reply With Quote
 
  #22 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: No clue
Favorite Futures: ES, ZB
 
Posts: 141 since Jun 2016
Thanks: 62 given, 83 received

I guess im the idiot one here than hahaha, i honestly never traded futures before and thought it probably works the same way as any other stocks, but i guess im wrong. I really think the swing can be quite large during thin volume time and you will wake up w/ a big loss. Again, im new w/ futures and i might be wrong with my statement

Reply With Quote
 
  #23 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 169 received



rintin2x View Post
I guess im the idiot one here than hahaha, i honestly never traded futures before and thought it probably works the same way as any other stocks, but i guess im wrong. I really think the swing can be quite large during thin volume time and you will wake up w/ a big loss. Again, im new w/ futures and i might be wrong with my statement

You are in no way an idiot. Futures are fun, they just take time to learn. I just spent some quality time on the phone with both the CME group and my broker to be able to reiterate and confirm my statements above and they confirmed them.

Conversely, I have traded stocks very little, so I would be an idiot with trading stocks on margin.

Like I mentioned above in a previous post, whatever wild swings may happen in stocks "overnight" does not seem to happen to futures.

Rintin2x, welcome to a new world!

Reply With Quote
The following user says Thank You to HoopyTrading for this post:
 
  #24 (permalink)
Trading Apprentice
Mianwali+ pakistan
 
Futures Experience: Beginner
Platform: metaTrader
Favorite Futures: Currency Futures
 
Posts: 1 since Feb 2016
Thanks: 0 given, 0 received

can we maintain profit with these trades?

Reply With Quote
 
  #25 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 169 received

Futures Edge on FIO

Which products do you trade?

 

Mark100 View Post
can we maintain profit with these trades?

Not sure what you mean by that question Mark100.

Here's today's update for a two-month run. Note that the CL trade was the only overnight since Tuesday. Did some more daytrading with GC short, was a nice catch, and had scaled-into the overnight CL long on the anticipation of the report, caught the profits. Missed some more short action in GC, but wasn't in the mood after today's haul.

Shifted over to Dec GC and Sep CL now.

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


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


So yes Mark100, I think the 2-month summary shows that we can "maintain profit" with these trades...(?)

Reply With Quote
 
  #26 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 169 received

That's it for this next week. I ain't going to try to sweat this upcoming Brexit stuff. Screw that. Closed the CL and GC due to the possible Brexit flutter, I've made enough in the past two months to not want to chase volatility that seems to me will be nuts.

Here's the pics. See y'all when I get back in by the 27th June when stuff settles down. (No brave trades were taken, just working the fibs. Dumped that GC short because of what may be coming. I just want out, out, out for now.)

As usual, the trading journal from last post to today's post, the running total for that date range, and the final summary from 04/16 to current trading day. (In no particular order.)

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


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


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

Reply With Quote
 
  #27 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 169 received

Came back after a week off to let Brexit settle, did not so bad. Here be some pics of thus far. As usual, trade listing since previous session from above post (in new pic, lop off the first two trades, they are in old tradelist), plus total trade summary since 04/16 up until today. Also included is new fibbo on CL, plus current open positions.

In no particular order...

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



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


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


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


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

Reply With Quote
 
  #28 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: No clue
Favorite Futures: ES, ZB
 
Posts: 141 since Jun 2016
Thanks: 62 given, 83 received

The more I look at it, the more interesting it is. This might not be the system for me since I don't think I can hold and add more contracts if the fib line is breach and need to wait for the next one (especially in longer term view). But I'm really looking forward seeing how it unfolds when you starting doing the live account. Keep up the good work!

Reply With Quote
The following user says Thank You to rintin2x for this post:
 
  #29 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 169 received

Pics from today, held an overnight in the two forward CL months. Same format, there's blah blah trade summary, account summary from 04/16 to today, a GC retrace chart. Please note that the HG (copper) trade in the trade summary does not count, I had to test my data stream to see if my HG data is corrupt. It is, because if HG was that low? Buy buy buy! LOL!

I'm really stuck in that GC trade now, since the CME just upped the overnight margin to $5,500 per contract (and I scaled into it at the wrong time.)

I'll work on fixing that HG instrument when I can. Silly Ninja.

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


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


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

Reply With Quote
 
  #30 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 169 received


K, here's the pics from the past 8 days, and illustrates why if you do not do this right the first time and build up a good buffer balance, there will be no second time. Ever, unless you are rich. Like more than what I am working with here...
, which has some assumptions, the most important of which is that everytime I have been getting into a trade, I feel like I am going in with original starting balance. Folley in a way yes, but it is a conservative habit.

I have not figured in profits from elsewhere trades, because of what the CME did with GC margin in the interim between the time I started this endeavor until today. I need to collect my thoughts, and my math...Stand by.

Reply With Quote

Reply



futures.io > > > Overnight trading journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Anthony Drager: Pulling the trigger with confidence

Elite only
 

Leo Murphy: The Art and Science of Technical Analysis

Elite only
 

FuturesTrader71: Ask Me Anything

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Time value lost overnight and during trading day - more in either? Brennen81 Options on Futures 2 July 12th, 2015 07:14 PM
Overnight trading and Stops becoming irrelevant ? mdsvtr Traders Hideout 5 June 28th, 2015 11:32 PM
Overnight Session ES Trading sasnak Index Futures Trading 14 April 29th, 2014 12:14 AM
EC trading the overnight session dgresens Currency Futures 2 January 18th, 2011 10:42 AM
AR01 Price Area Journal (Not a trading journal) AR01 Index Futures Trading 69 April 2nd, 2010 09:01 PM


All times are GMT -4. The time now is 11:25 AM.

no new posts
Page generated 2017-01-24 in 0.14 seconds with 21 queries on phoenix via your IP 54.205.173.230