Rintin2x Journal to Profitability - Trading Journals | futures.io
futures io futures trading


Rintin2x Journal to Profitability
Started: by rintin2x Views / Replies:3,813 / 96
Last Reply: Attachments:126

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
 126  
 
Thread Tools Search this Thread
 

Rintin2x Journal to Profitability

  #41 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: Multicharts.NET
Broker/Data: CQG
Favorite Futures: ES, ZB
 
rintin2x's Avatar
 
Posts: 197 since Jun 2016
Thanks: 118 given, 110 received

07/29/16

Another blow up day hahaha, actually did ok at the beginning of the day, but the damn thing never fall, when all the sign there to get out for a small loss, I kept hoping it will come back. Big mistake. Damn this thing is hard! It's ok, paid for it, might as well keep learning till it STICK in my head on things I need to work on for my development as a trader.

Mistakes:
1. I did 5 round trips today, 2 winners, 1 breakeven, and 2 big big losers. Toward the last of the day I traded with 3 contracts (ok, not really 5 round trips since it was 3 contracts for the last 2 trades).
2. The confirmation were there to get out for small lose, but I didn't.

Damn, pretty much all the rules I set yesterday got broken....well at least I feel I'm not overtrading and have more patience to enter the trade. The trade worked out at the beginning and should have bail when I see the signs.

Reply With Quote
 
  #42 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: Multicharts.NET
Broker/Data: CQG
Favorite Futures: ES, ZB
 
rintin2x's Avatar
 
Posts: 197 since Jun 2016
Thanks: 118 given, 110 received

New Goal for the rest of the 1st combine

For the rest of the remaining 3 weeks:

1. Stop trading for the day when losing 8 ticks (about -$150 including commissions)
2. Don't do revenge trading (stupid 3 contracts in one go)

Will I be able to achieve $1500 target in 3 weeks? The way it goes right now I have to be realistic, it is not achievable. But I believe I have to take baby steps and build a solid ground, learning along the way, and hopefully achieve that goal in the near future. I will consider $150/month as a tuition fee to learn this craft.

Reply With Quote
The following user says Thank You to rintin2x for this post:
 
  #43 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: Multicharts.NET
Broker/Data: CQG
Favorite Futures: ES, ZB
 
rintin2x's Avatar
 
Posts: 197 since Jun 2016
Thanks: 118 given, 110 received

08/01/16


OK, I did some experimenting. I decided to try ES after getting my ass kicked day after day on ZN (I'm not sure why I can't perform at all after doing the combine). I believe ES provides me with volatility that I wanted and I've done pretty good today with my scalping style. What did I change on my chart? I start using tick chart and took off all of the indicators, except SWING. Anyway, it might be a fluke and will have 3 more weeks to prove me wrong. But one thing I know is I'm back
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Looking back I can't believe it just took about 1 hour for all those trades....CRAZY!!!!

Reply With Quote
 
  #44 (permalink)
Trading Apprentice
Houston Texas
 
Futures Experience: Beginner
Platform: TradeStation, ThinkorSwim
Favorite Futures: emini ES
 
Posts: 11 since Dec 2015
Thanks: 0 given, 4 received

Time Frames

Experiment with a few different time frames if you get a chance.

1 minute charts still seem too fast for me, 5-30 minutes slow things down some, bigger moves.
I picked a somehat random tick chart and have had good results with it so far. No magic answer for everyone, find one that works for you and you like trading.

Have been several fairly predicable 4+ point moves in the ES the last few days. With 3 contracts +$600 less fees.
+$1500 with 3-4 of these and not crashing and burning badly on your losers.

Reply With Quote
 
  #45 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: Multicharts.NET
Broker/Data: CQG
Favorite Futures: ES, ZB
 
rintin2x's Avatar
 
Posts: 197 since Jun 2016
Thanks: 118 given, 110 received

Futures Edge on FIO
@mjarzoms thanks for the tip, honestly im still new and need experimenting things. I've tried NZ for quite a while, i'd say i gave it a go but the result not as good as i wanted, maybe i notice that it doesnt give enough chance to be wrong. I totally understand what you're saying about have longer term swing, i will try that in the near future. Thank you.

Reply With Quote
 
  #46 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: Multicharts.NET
Broker/Data: CQG
Favorite Futures: ES, ZB
 
rintin2x's Avatar
 
Posts: 197 since Jun 2016
Thanks: 118 given, 110 received

08/02/16

Did ok, can improve on the entry, missed morning selloff. Want to try to short the pop about now but I'm just gonna call it a day.

I set the tick chart at 150 ticks which is pretty fast, there are couple instances that it went against me, but I'm still not sure if this is normal and went back my way. I want to know how much do you guys willing to lose to prove you're on the wrong side.

I haven't really check all the journals of others, but I'm really interested getting better and open to suggestion on what kind of method you guys use. So far I've been doing it by feeling with tick chart (I do believe this is not doable day after day), is there more mechanical approach to trade more consistently and knowing when you're on the wrong side?

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
 
  #47 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: Multicharts.NET
Broker/Data: CQG
Favorite Futures: ES, ZB
 
rintin2x's Avatar
 
Posts: 197 since Jun 2016
Thanks: 118 given, 110 received

08/03/16

I have to say today's experiment is another success. Per my comment yesterday, 150 tick chart strategy works, but I found it rather distracting for my work. For the time being it's not sustainable for my work schedule. The other thing that I mentioned was thinking somekind of mechanical system that I can use to enter and exit confidently.

So last night I had to tweak the chart a bit to meet these 2 conditions:
1. Back to 5 minutes chart (I didn't check whether tick chart would work or not yet).
2. Add Momentum SMA (28,28) at the bottom chart.
3. Add 10 and 20 SMA as chart overlay.

So here's the strategy:
Long entry: when momentum cross sma.
Long exit: when price cross 20 sma.
Swap it for going short.

Now the cons using this strategy:
When you enter, the momentum line might go up or down, you don't know where the price will go.
If the momentum goes down from sma (long entry), get out...that means it's not ready yet.
If the momentum goes up from sma (long entry), hold it even that means the price goes down (it happens), you can even add another contract after the 10&20 sma overlay crossed.

Just today, ES doesn't really do anything except in the morning which I missed it. I THINK this strategy works great for trending day, for choppier day like today, kind of difficult.

Now the pro:
I don't need to keep looking at the chart all the time, so I can concentrate more on my work.
I won't get nervous all the time.
I won't get confuse whether I should keep holding the trade or not.

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

Reply With Quote
 
  #48 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: Multicharts.NET
Broker/Data: CQG
Favorite Futures: ES, ZB
 
rintin2x's Avatar
 
Posts: 197 since Jun 2016
Thanks: 118 given, 110 received

08/04/16

Did pretty well today. Execute and exit correctly. Calling it a day...the market starting to slow down.

Trade 1: got an opportunity to short, didn't hold it since it was pretty volatile.
Trade 2: Sold it after seeing the momentum slowing down, not regret selling it even it went up again for a new high after.
Trade 3: I see opportunity in ZN enter as planned, probably should have got another 2 ticks, but I think short hasn't been given opportunity to shine today.
Trade 4: Short and went good but at the DOM I see large stack limit buy orders and chicken out, so I put a buy limit order right above it.

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
 
  #49 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: Multicharts.NET
Broker/Data: CQG
Favorite Futures: ES, ZB
 
rintin2x's Avatar
 
Posts: 197 since Jun 2016
Thanks: 118 given, 110 received

08/05/16

Did ok, not memorable, just wish the market make decision to go up or down after hitting ATH.

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

Reply With Quote
 
  #50 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: Multicharts.NET
Broker/Data: CQG
Favorite Futures: ES, ZB
 
rintin2x's Avatar
 
Posts: 197 since Jun 2016
Thanks: 118 given, 110 received


Wont be trading next week since I have to go to the mining site. Might be able to do it on next Friday, we'll see.

Reply With Quote

Reply



futures io > > > Rintin2x Journal to Profitability

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Spring Grains Outlook w/Sean Lusk @ Walsh Trading

Elite only

FIO Video Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

April

Process above all else w/Anthony Crudele @ Futures Radio Show

Elite only

Machine Learning - Quantitative Trading w/Martin Froehler @ Quantiacs

Elite only

Market Dynamics w/Peter Davies @ Jigsaw Trading

Elite only

Ask Me Anything w/Patrick Rooney @ Trading Technologies

Apr 18

Ask Me Anything w/FuturesTrader71

Apr 19

Machine Learning w/Kris Longmore

Elite only

Market Analysis w/Dave Forss

Apr 25

Introducing iSystems with Stage 5 Trading

Apr 27
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
metalhe4d's Journal: auction market theory, ES and profitability metalhe4der Elite Trading Journals 65 July 17th, 2016 10:58 PM
Price Action - My Journey to Profitability MaritimeCanuck Trading Journals 14 May 11th, 2014 09:15 PM
Forex Traders Profitability Report Big Mike Brokers and Data Feeds 5 July 26th, 2012 02:25 AM
Poll about profitability Lord Sidious Traders Hideout 3 June 10th, 2012 09:44 AM
Profitability Sample Size Units westgawolf Psychology and Money Management 5 June 6th, 2011 08:00 PM


All times are GMT -4. The time now is 03:55 PM.

no new posts
Page generated 2017-03-28 in 0.16 seconds with 20 queries on phoenix via your IP 54.197.74.137