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How I Trade For a Living
Started:August 30th, 2016 (10:48 AM) by rocksolid68 Views / Replies:48,774 / 662
Last Reply:November 7th, 2016 (02:55 PM) Attachments:94

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How I Trade For a Living

Old September 29th, 2016, 11:02 AM   #171 (permalink)
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YIPPEEE!!!!

     
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Old September 29th, 2016, 11:32 AM   #172 (permalink)
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Scalping around at this point. Not so sure that we will see too much range extension with Yellen speaking this afternoon.

That being said, I am fading extremes with light size.

Gold trade still on. Looks to me like a boring day ahead.

EDIT: You have got to be kidding.
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-Whatever, I moved it up a couple of ticks and got a fill. I may be switching to long side soon.

EDIT #4532: I am still holding one lot. Looking at Y-Open/Y-VWAP. I will look to get long there.

EDIT #4533: Flat


Last edited by rocksolid68; September 29th, 2016 at 12:18 PM.
     
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Old September 29th, 2016, 08:45 PM   #173 (permalink)
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Take a look at this chart again! M-VWAP touched! Who would have guessed we would get that lucky

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Unfortunately for me, I was not trading for the big drop. I was already done at that point.

I will post the recap later

     
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Old September 29th, 2016, 11:29 PM   #174 (permalink)
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Day's Recap!

ES: +$587.50
ZB: N/A
GC: N/A


Quite the crazy day we had!

Let's get ride into the good stuff

I am trying a new color scheme for the order fills and I attached connecting lines. Here is the color code:

Light blue/cyan: buy entry
Yellow: buy exit

Pink: short entry
White: short exit

The lines connect the exact contract's entry and exit.

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Trade #1:
-Right at the open
-Took a long because I was long bias.
-Realized that I was being trigger happy, so I flattened for a few tick loss. No skin off my teeth.

Trade #2:
-Let the market produce a little price action, so I decided to try long again
-Built up a nice position. 4 lots total.
-Made some nice profit when it went higher.
-I was hoping for some more up movement at the time.

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Trade #3:
-Price broke lower, so decided to flip to the short side
-It was a hasty move
-I built short against my original bias
-I took a loss; erased most of my profits

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Trade #4:
-Swapped back to being bullish ()
-Flattened out for a small loss.
-Overall PnL red at this point

Trade #5:
-I saw a storm brewing.
-It looked like a really nice, risk-free short.
-I pulled the trigger, since that is what we get paid to do
-Made some good money. I can't believe it went to my target and turned around. Haha
-Overall PnL is very green now

Trade #6:
-I felt like I had a pulse on the market.
-Saw opportunity to make some money on the push to OR-L
-Pulled the trigger, since I enjoy getting paid
-Made a nice $75 that can cover my oil change tomorrow.

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Trade #6:
-I left for a bit. Ate some food etc..
-Came back and thought I saw a nice chance for a long trade.
-Didn't realize that we were about to plummet
- Took a little ding to the PnL


Then I was done for the day for a pretty penny! I am happy with the day's turnout!

Give me some feedback on this new recap idea.

Do you like the 1-tick renko bar chart? Does it make it easier to see? How about the colors and the connecting lines? Let me know what I can do to help!

     
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Old September 29th, 2016, 11:31 PM   #175 (permalink)
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Futures Edge on FIO

Are you a NinjaTrader user?

 
Dropping by quickly to say that you have one of the best journals I've ever read. Please don't stop this, you are doing a huge favor to the FIO community.

Cheers!

Yesterday's excellence is today's standard and tomorrow's mediocrity
     
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Old September 29th, 2016, 11:43 PM   #176 (permalink)
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SoftSoap View Post
Dropping by quickly to say that you have one of the best journals I've ever read. Please don't stop this, you are doing a huge favor to the FIO community.

Cheers!

Oh my

     
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Old September 30th, 2016, 12:11 AM   #177 (permalink)
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Wilmington ,NC ,United States
 
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rocksolid68 View Post
Day's Recap!

ES: +$587.50
ZB: N/A
GC: N/A


Quite the crazy day we had!

Let's get ride into the good stuff

I am trying a new color scheme for the order fills and I attached connecting lines. Here is the color code:

Light blue/cyan: buy entry
Yellow: buy exit

Pink: short entry
White: short exit

The lines connect the exact contract's entry and exit.

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


Trade #1:
-Right at the open
-Took a long because I was long bias.
-Realized that I was being trigger happy, so I flattened for a few tick loss. No skin off my teeth.

Trade #2:
-Let the market produce a little price action, so I decided to try long again
-Built up a nice position. 4 lots total.
-Made some nice profit when it went higher.
-I was hoping for some more up movement at the time.

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


Trade #3:
-Price broke lower, so decided to flip to the short side
-It was a hasty move
-I built short against my original bias
-I took a loss; erased most of my profits

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


Trade #4:
-Swapped back to being bullish ()
-Flattened out for a small loss.
-Overall PnL red at this point

Trade #5:
-I saw a storm brewing.
-It looked like a really nice, risk-free short.
-I pulled the trigger, since that is what we get paid to do
-Made some good money. I can't believe it went to my target and turned around. Haha
-Overall PnL is very green now

Trade #6:
-I felt like I had a pulse on the market.
-Saw opportunity to make some money on the push to OR-L
-Pulled the trigger, since I enjoy getting paid
-Made a nice $75 that can cover my oil change tomorrow.

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


Trade #6:
-I left for a bit. Ate some food etc..
-Came back and thought I saw a nice chance for a long trade.
-Didn't realize that we were about to plummet
- Took a little ding to the PnL


Then I was done for the day for a pretty penny! I am happy with the day's turnout!

Give me some feedback on this new recap idea.

Do you like the 1-tick renko bar chart? Does it make it easier to see? How about the colors and the connecting lines? Let me know what I can do to help!


like the work very much nice day !!

     
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Old September 30th, 2016, 12:14 AM   #178 (permalink)
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IBLAB View Post
like the work very much nice day !!

Thank you very much!

As a side note, do you mind removing the images from the post? It keeps things clean and tidy. Thank you!

     
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Old September 30th, 2016, 08:07 AM   #179 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
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Favorite Futures: ES, CL
 
Posts: 3,471 since Jan 2013
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rocksolid68 View Post
Give me some feedback on this new recap idea.

Do you like the 1-tick renko bar chart? Does it make it easier to see? How about the colors and the connecting lines? Let me know what I can do to help!

Good results, and the chart presentation is very clear.

A few comments:

- I like the colors for the trade labels. I wonder if you may have too many colors, though. I will certainly not remember when one color means a buy to enter, and another means a buy to exit a short, etc. I could remember one color for buy, one for sell, and get what is going on as far as long/short from the chart and from your comments. Just a matter lf reducing complexity. The color choices are all better than the drab SC defaults, though!

- Connecting lines are excellent, makes things very clear.

- Do you really use that super short-term chart to trade from??? (I actually think it would be cool if you did, but I think it would be very twitchy.) If it's just for displaying the trades, it's clear but may be more detailed than you need.

- Your trade comments are very good. They made it very clear what you were doing and why.

Overall, this is a great change. The lines and the colors support your commentary well.

Bob.

     
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Old September 30th, 2016, 08:50 AM   #180 (permalink)
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Duluth MN
 
Futures Experience: Intermediate
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bobwest View Post
Good results, and the chart presentation is very clear.

A few comments:

- I like the colors for the trade labels. I wonder if you may have too many colors, though. I will certainly not remember when one color means a buy to enter, and another means a buy to exit a short, etc. I could remember one color for buy, one for sell, and get what is going on as far as long/short from the chart and from your comments. Just a matter lf reducing complexity. The color choices are all better than the drab SC defaults, though!

- Connecting lines are excellent, makes things very clear.

- Do you really use that super short-term chart to trade from??? (I actually think it would be cool if you did, but I think it would be very twitchy.) If it's just for displaying the trades, it's clear but may be more detailed than you need.

- Your trade comments are very good. They made it very clear what you were doing and why.

Overall, this is a great change. The lines and the colors support your commentary well.

Bob.

Very glad to hear!

As far as the colors; I will change them so Buy and Sell are monochrome.

The shortest term chart I use is a 2-Minute chart. At the beginning of the journal I went over all my charts

     
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