NexusFi: Find Your Edge


Home Menu

 





SoftSoap's NQ Journey - from SoftSoap to SoftGold


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one SoftSoap with 332 posts (753 thanks)
    2. looks_two Big Mike with 10 posts (25 thanks)
    3. looks_3 WOW CO with 6 posts (5 thanks)
    4. looks_4 KahunaDog with 6 posts (7 thanks)
      Best Posters
    1. looks_one Big Mike with 2.5 thanks per post
    2. looks_two SoftSoap with 2.3 thanks per post
    3. looks_3 Popsicle with 1.8 thanks per post
    4. looks_4 aquarian1 with 1.7 thanks per post
    1. trending_up 69,481 views
    2. thumb_up 926 thanks given
    3. group 67 followers
    1. forum 432 posts
    2. attach_file 623 attachments




 
Search this Thread

SoftSoap's NQ Journey - from SoftSoap to SoftGold

  #431 (permalink)
 arjfca 
Montreal, Canada
 
Experience: Intermediate
Platform: Multicharts
Broker: Interactive Broker
Trading: Forex
Posts: 263 since Sep 2010
Thanks Given: 440
Thanks Received: 91

Like a Buddhist monk, you don't let your emotion rule you on automatic. You drive your life in full consciousness.

Congrat and thanks for all

Martin

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Ninja Mobile Trader VPS (ninjamobiletrader.com)
Trading Reviews and Vendors
Are there any eval firms that allow you to sink to your …
Traders Hideout
Online prop firm The Funded Trader (TFT) going under?
Traders Hideout
Deepmoney LLM
Elite Quantitative GenAI/LLM
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
36 thanks
NexusFi site changelog and issues/problem reporting
25 thanks
The Program
20 thanks
GFIs1 1 DAX trade per day journal
19 thanks
  #432 (permalink)
TampaTrader
Tampa, Florida/USA
 
Posts: 2 since Jul 2017
Thanks Given: 0
Thanks Received: 1


SoftSoap View Post
Hey guys,



Since the webinar I've received a lot of great feedback from various members of Futures.io. I never thought I'd be able to have such a positive impact on the FIO community, so thank you.



Also, I've gotten a decent amount of people asking me for updates around when I plan to get back to trading, so I thought I'd share with the rest of you as well.



Trading is on pause for the foreseeable future as I'm not available during key market hours (and my most profitable hours historically speaking). I may not be working the 60+ hours I was doing before but the mornings always seem to be busy for me. This means I either have meetings, get calls / have to write back to emails, or I'm getting ready to leave and I'm not focused enough.



For me to trade successfully I need to be in a calm and focused state of mind. It's almost impossible for me to do that right now. And if I'm not in the right state of mind to trade, how can I expect to trade well? I thought about only trading on the very few days that I'd be able to dedicate all the time to it, but that would just be to satisfy my want to trade.



Trading is something that requires one to be in sync with the market. If I'm away for days at a time and only trade a couple of hours every few weeks or so, how can I be in sync with the market?



I'd like to think I'm a trading veteran who can come in after days/ weeks of absence and be one with the market. But I'm not , and I need to recognize it. I'm a trader who has seen some success in his first year of trading and still has a lot of improvement to go before getting to the 'unconscious competence' stage in trading. It's already difficult enough to become a successful trader as is, so why stack the deck against myself?



I also tossed around the idea of trading other instruments or after hours but I don't typically get home until ~9est and there are not many good opportunities until at least the EU open. Which is too late for me to stay up for.



I want to swing trade, but how can I swing trade when I'm not available during the the prime time for entering a trade? Maybe this is something I can figure out in the future.



Whichever way I sliced the information it seemed that the right answer was the same. If my goal was to trade as much as possible then the right decision would be to just find a way and time to trade, even if circumstances to do so aren't good. But that's not my goal, my goal is to be a successful trader and in this case it appears that the right decision is to put trading on hold until I can dedicate he right resources toward it.



Some people would see the 2 as being one in the same, but not me. There's doing things and doing them often, and then there's doing things well. I'm going for the latter with trading.



I love trading, and it's tough to keep it in the back burner for longer, but I guess I'm going to have to.



On a positive note, my management consulting business has started to gain some traction and I'm hoping to subcontract a few very people soon. Nothing is set in stone yet but things are looking good right now. I didn't expect this to happen at all this year so I'm very thankful for the opportunities. Hopefully things pick up even faster so I can get back to trading .





Talk soon




Question for you...how did you decide to use a strategy of of trying to catch reversals? Did you ever think about just waiting for large intraday moves and just trying to ride those?

Reply With Quote
Thanked by:
  #433 (permalink)
 
SoftSoap's Avatar
 SoftSoap 
Canada
 
Experience: Beginner
Platform: NinjaTrader
Broker: InteractiveBrokers
Trading: NQ
Posts: 594 since Aug 2015
Thanks Given: 347
Thanks Received: 1,227



TampaTrader View Post
Question for you...how did you decide to use a strategy of of trying to catch reversals? Did you ever think about just waiting for large intraday moves and just trying to ride those?

I actually apply both of those strategies. I know the example I went over on the webinar showed a reversal trade but I take all kinds of trades depending on the market.

Here's a good example of a day when I did both (reversal and ride the waive of a large intraday move)


I like to have different strategies that I'm good at so I can apply them whenever market conditions change. I used to take every kind of trade imaginable at one point, but as time went on I started to focus on my most profitable strategies and/or those that had the lowest chance of ruin. The hard part is knowing the market type ahead of time so you know which tools to have ready to go, I still struggle with that a lot

Honestly though, if the market always saw big moves, then I would love to only take trades where I am riding the wave as opposed to taking a reversal. Those kind of trades / days are more lucrative and usually yield a higher win% and ROI.

But unfortunately not every day can be a trend day.

Yesterday's excellence is today's standard and tomorrow's mediocrity
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:




Last Updated on September 4, 2017


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts