An Apprentice's Journey - Trading Journals | futures.io
futures io futures trading


An Apprentice's Journey
Started: by StressFreeTrader Views / Replies:955 / 22
Last Reply: Attachments:13

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
 13  
 
Thread Tools Search this Thread
 

An Apprentice's Journey

  #1 (permalink)
Trading Apprentice
Phoenix, AZ/USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Crude (CL)
 
Posts: 26 since Aug 2016
Thanks: 197 given, 31 received

An Apprentice's Journey

Hello to all and thank you for stopping by to check out my journal. I feel I need to let you know a little
about myself. I am 21 years old, married to a beautiful wife, work as an associate at an adult day care
program for special needs adults and I am a complete “Newbie” to trading. As a result, I am sure that
my journal will not be as extravagant as others but the key I am told is to “Do it, Review it, Learn from it
and Apply it to my trading”
or I am just wasting my time. My dad is the one taking the time to assist me
in my growth process as I desire to become a full time trader, able to work from home. His philosophy is
“Keep it Simple Silly”, so that will be mine also.

Let me say to all, “I am under no illusion that this will happen quickly but I am willing to put in the time
and effort to make it happen.” The following applies to this journal:
 I am not trading with real money but have joined TopStep Trader to get as close as I can to live
trading and have some skin in the game.
 I only have a few hours each day to learn how to trade, and unfortunately the times will vary as
to when I am able to trade my TopStep Trader account. Right now my primary time will be
between 3:30 am and 5:30 am (AZ time) just prior to going to work.
 I will use market replay to aid in my learning as my dad says, “Nothing is more important than
time in front of the charts.”
 In the beginning I will only be trading Crude (CL).
 I will only be trading 1 contract. My focus is NOT on the money right now but learning the
process so I can duplicate it over and over.
 I will be using slower range bar charts since my dad says, “They eliminate much of the noise on
the charts, are easier to learn our trade setups, and allow us to know our exact entries ahead of
time”. He had some other reasons but I don’t remember them at the moment.
 I will only have 2 indicators on the chart: (1) 21 EMA and (2) Range bar predictor so I know
exactly what price the range bar will close at. I may put on the Super Trend Indicator just to
remind me what type of trades I should be focusing in on – Long or Short. Again, my dad says,
“You don’t want a cluttered chart just - Keep it Simple Silly”
 Sometime in the future I hope to have learned and mastered five key setups which will provide
more than enough opportunities to trade on a daily basis.
 This journal will document my trades with chart pictures, briefly list what I did right for the day,
what I did wrong and what action I can take to improve. That’s it. I may post pictures of my
TopStep Trader trade report as well but that is not the focus.

Again, thank you for taking the time to look at a novice trader’s journal and I hope you will follow me on
my journey to becoming a successful day trader.

Reply With Quote
The following 3 users say Thank You to StressFreeTrader for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Oak Harbor, WA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NinjaTrader, TOS
Favorite Futures: CL, GC, ES, NQ, 6E, 6J
 
Posts: 19 since Jan 2016
Thanks: 12 given, 9 received



StressFreeTrader View Post
Hello to all and thank you for stopping by to check out my journal. I feel I need to let you know a little
about myself. I am 21 years old, married to a beautiful wife, work as an associate at an adult day care
program for special needs adults and I am a complete “Newbie” to trading. As a result, I am sure that
my journal will not be as extravagant as others but the key I am told is to “Do it, Review it, Learn from it
and Apply it to my trading”
or I am just wasting my time. My dad is the one taking the time to assist me
in my growth process as I desire to become a full time trader, able to work from home. His philosophy is
“Keep it Simple Silly”, so that will be mine also.

Let me say to all, “I am under no illusion that this will happen quickly but I am willing to put in the time
and effort to make it happen.” The following applies to this journal:
 I am not trading with real money but have joined TopStep Trader to get as close as I can to live
trading and have some skin in the game.
 I only have a few hours each day to learn how to trade, and unfortunately the times will vary as
to when I am able to trade my TopStep Trader account. Right now my primary time will be
between 3:30 am and 5:30 am (AZ time) just prior to going to work.
 I will use market replay to aid in my learning as my dad says, “Nothing is more important than
time in front of the charts.”
 In the beginning I will only be trading Crude (CL).
 I will only be trading 1 contract. My focus is NOT on the money right now but learning the
process so I can duplicate it over and over.
 I will be using slower range bar charts since my dad says, “They eliminate much of the noise on
the charts, are easier to learn our trade setups, and allow us to know our exact entries ahead of
time”. He had some other reasons but I don’t remember them at the moment.
 I will only have 2 indicators on the chart: (1) 21 EMA and (2) Range bar predictor so I know
exactly what price the range bar will close at. I may put on the Super Trend Indicator just to
remind me what type of trades I should be focusing in on – Long or Short. Again, my dad says,
“You don’t want a cluttered chart just - Keep it Simple Silly”
 Sometime in the future I hope to have learned and mastered five key setups which will provide
more than enough opportunities to trade on a daily basis.
 This journal will document my trades with chart pictures, briefly list what I did right for the day,
what I did wrong and what action I can take to improve. That’s it. I may post pictures of my
TopStep Trader trade report as well but that is not the focus.

Again, thank you for taking the time to look at a novice trader’s journal and I hope you will follow me on
my journey to becoming a successful day trader.

Sounds like you have a good mentor leading you. good luck with the journal and trading.

Reply With Quote
The following user says Thank You to DreamerJ for this post:
 
  #4 (permalink)
Trading Apprentice
Phoenix, AZ/USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Crude (CL)
 
Posts: 26 since Aug 2016
Thanks: 197 given, 31 received

KISS - Morning Prep

So what does my preparation look like before I begin to trade?

My Morning Routine


Review
  • Yesterday's Journal Entries
  • What did I say I needed to do to be a better trader?
  • Do it!

Trader's Mindset
  • Ask myself: What is my job today?
  • Focus on: Targets, Pulling the Trigger & Verify Trade Completion
  • Execute my trading plan without emotions and fear of losses!
  • Be like a robot!

Daily Prep
  • Check daily economic news and load into my trading alarm!
  • Check NT to ensure that I am in the right account
  • Check NT to ensure that I am using the correct atm
  • Identify trade bias and key levels on my anchor chart
  • Mark key levels on my trading chart and identify the ST trade bias
  • Be patient! Wait for the setups! Execute! Document Results!
  • Record result in my daily summary folder and in this journal

Reply With Quote
 
  #5 (permalink)
Trading Apprentice
Phoenix, AZ/USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Crude (CL)
 
Posts: 26 since Aug 2016
Thanks: 197 given, 31 received

Daily Summary for Wed. 8.31.16

Futures Edge on FIO

What value do you place on the webinars on FIO?

 
The learning has begun! Today, was my first trade ever. Oh yeah! What an awesome feeling! I used the 28 RB chart which is a very slow moving chart. This worked out great since there so much going on this morning. In addition, to everything else I was learning for the first time, I was also being shown price action on a tick chart so I could see the difference. We were too late for the aggressive entry short with trend and had the option for a stress free counter-trend trade and took that.

What did I do right today?
  • I followed my plan
  • I didn't panic when my trade was down
  • Once I was shown that my trade wasn't going to work out I was able to get out for a small gain and start my Combine on a positive note!

What did I do wrong?
  • I didn't have my 2nd entry in place on the lower range of trigger zone 2. This would have enabled me to exit today with $200+ instead of just $50
  • I was distracted when price was in that area and missed the opportunity to enter that 2nd entry

What can I do to improve?
  • Keep learning - Practice, practice and practice
  • Review my trade plans until I know them inside and out
  • Trust the plan and follow it completely

The only bummer about today was that we were really confident that price was going to continue its way downward which it ended up doing but I wasn't able to take that setup with trend because I had to go to work.

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

Reply With Quote
The following 2 users say Thank You to StressFreeTrader for this post:
 
  #6 (permalink)
Trading Apprentice
Phoenix, AZ/USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Crude (CL)
 
Posts: 26 since Aug 2016
Thanks: 197 given, 31 received

Friday 9.2.21 - A Good Day

I didn't take any trades yesterday and I was not at the charts for the ideal entry points today. However, I still had a nice understanding trade. My dad told me to get out +15 instead of +21 so I did and it turned out he was right. I am watching the price action while typing this and price fell 3 ticks short of +21 and has retreated to below my entry point.

Crude

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


Have a great weekend everyone!

Reply With Quote
 
  #7 (permalink)
Trading Apprentice
Phoenix, AZ/USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Crude (CL)
 
Posts: 26 since Aug 2016
Thanks: 197 given, 31 received

Daily Summary for Tue. 9.6.16

Today was a great start to the trading week especially after a good holiday! I finished my day in less than an hour and it feels good knowing I can go back to sleep before heading to work. I took an aggressive counter trend trade for + 16 ticks.

What did I do Right?
  • I followed my plan
  • I let price action determine its course
  • I wasn't stressed

What did I do Wrong?
  • I took a trade before I did my morning prep
  • I almost missed the trade because of still being in my sim account vs. the TST account

What can I do to Improve?
  • Always do my morning prep first
  • Understanding that there will be another trade set up to come

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


Reply With Quote
The following 2 users say Thank You to StressFreeTrader for this post:
 
  #8 (permalink)
Trading Apprentice
Phoenix, AZ/USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Crude (CL)
 
Posts: 26 since Aug 2016
Thanks: 197 given, 31 received

Daily Summary for Wed. 9.7.16

Today, was a rough morning. I overslept and am super tired. Trade bias was long for today. However, I couldn't get a good setup to enter on my charts and when the big channel broke down I didn't have a setup as well. My first setup was a 2L after channel break but it was way below the moving average on a sharp drop. I did enter on a delayed entry and price went +8 ticks in my favor. Then when a red bearish bar occurred I knew that the trade wasn't going to work out so I looked to exit and got +2 ticks.

I missed the next 2L setup as I was in the shower which did work out so I ended the day at +2 ticks.

What did I do Right?
  • Did my morning prep
  • Turned what would have been a losing trade into a small gain
  • I am content with the results of the day

What did I do Wrong?
  • Traded when super tired

What can I do to Improve?
  • Ensure that I get a good night's sleep!

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


Reply With Quote
The following user says Thank You to StressFreeTrader for this post:
 
  #9 (permalink)
Trading Apprentice
Phoenix, AZ/USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Crude (CL)
 
Posts: 26 since Aug 2016
Thanks: 197 given, 31 received

Today was a very slow moving day but rewarding. My first trade was a 2L which I expected to go +18 ticks. Price advanced +8 ticks and then had a red bar closing. So I closed the trade at +1. Price did continue on to reach the target but I am content because price didn't behave the way I expected it to. After a long wait of slow price action I was able to go in on a 2S signal which filled at +21.

What did I do Right?
  • Did my morning prep
    I was patient
    I took the set ups that were given to me
What did I do Wrong?
  • I didn't stick with the original stress free trade plan
What can I do to Improve?
  • Continue to take the set ups provided for me
    Allow the trade to run its course

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


Reply With Quote
 
  #10 (permalink)
Trading Apprentice
Phoenix, AZ/USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Crude (CL)
 
Posts: 26 since Aug 2016
Thanks: 197 given, 31 received


I attempted a stress free long trade on CL at the lower price level of trigger zone 2 tonight before going to bed. Unfortunately, the market wasn't moving at all and after 1 1/2 hours in the trade I closed it at +1 tick. I have to get some sleep and didn't want to leave the trade unattended. I will try to get another trade in the morning before going to work.

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


Reply With Quote
The following user says Thank You to StressFreeTrader for this post:

Reply



futures io > > > An Apprentice's Journey

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Mastering Trading Pysychology w/Brett Steenbarger & Trading Technologies

Elite only

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

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
TheTradeSlinger's Journey TheTradeSlinger Trading Journals 179 May 24th, 2016 12:08 AM
Trading Journey Rollie23 Trading Journals 2 May 18th, 2015 02:19 PM
Suggestions On My Journey SammyD Currency Futures 11 March 6th, 2012 06:55 PM
A Journey to Freedom sorge2000 Trading Journals 17 October 2nd, 2011 04:05 PM
Welcome to My Journey! trader1512 Trading Journals 5 April 14th, 2010 08:56 AM


All times are GMT -4. The time now is 08:44 PM.

no new posts
Page generated 2017-03-22 in 0.16 seconds with 20 queries on phoenix via your IP 54.146.135.173