Zen & the Art of The Small Account - Trading Journals | futures io social day trading
futures io futures trading


Zen & the Art of The Small Account
Updated: Views / Replies:124,966 / 994
Created: by PandaWarrior Attachments:228

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • 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.

-- Big Mike, Site Administrator

Closed Thread
 228  
 
Thread Tools Search this Thread
 

Zen & the Art of The Small Account

  #911 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received


aztrader9 View Post
I can do this.

How did it go yesterday?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following user says Thank You to Big Mike for this post:
 
  #912 (permalink)
Elite Member
Paradise, USA
 
Futures Experience: Beginner
Platform: Big Charts
Favorite Futures: E-mini, Forex, Futures, Equities, Options
 
rtrade's Avatar
 
Posts: 502 since Nov 2010
Thanks: 578 given, 375 received


aztrader9 View Post
I can do this.

I too believe you can do it as well!

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
The following user says Thank You to rtrade for this post:
 
  #913 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received



Big Mike View Post
How did it go yesterday?

Mike

Overall, it was a good week.....I am happy with the results...

I'll post more next week.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following 2 users say Thank You to PandaWarrior for this post:
 
  #914 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

9 trades.....47 ticks. Good for the day.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following user says Thank You to PandaWarrior for this post:
 
  #915 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

7 trades....+43 ticks.....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following user says Thank You to PandaWarrior for this post:
 
  #916 (permalink)
Elite Member
España
 
Futures Experience: None
Platform: NT
Favorite Futures: 6E
 
redegenerated's Avatar
 
Posts: 131 since Jun 2010
Thanks: 301 given, 81 received

well i kinda missing your charts, this was one of the journal i used to follow....but i'm happy you are having good results...keep the right way!!!

 
  #917 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

For those that like screen shots

Here is the screen shot. I didn't do it before because of how it looks....all scrunched up and everything....and somewhat embarrassed by the number of trades I missed.....

But I still made my daily profit goal and then some so not to worried.

Tomorrow I am gonna try to be a bit more aggressive in taking legit trades.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Attached Thumbnails
Zen & the Art of The Small Account-2011-05-10_2008.png  
The following 3 users say Thank You to PandaWarrior for this post:
 
  #918 (permalink)
Elite Member
España
 
Futures Experience: None
Platform: NT
Favorite Futures: 6E
 
redegenerated's Avatar
 
Posts: 131 since Jun 2010
Thanks: 301 given, 81 received

thanks for posting the chart

you know, price in real time looks a bit different.... for example the first blu arrow you marked, the price is a kind of range, so that trade looked risky in realtime (just a thought)...i said this becouse i trade pullback and later in teh day when i re-watch the chart i feel dump for missing somet rades....so i started to take note in real time to remeber what happened in crucial time...

 
  #919 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


aztrader9 View Post
Here is the screen shot. I didn't do it before because of how it looks....all scrunched up and everything....and somewhat embarrassed by the number of trades I missed.....

But I still made my daily profit goal and then some so not to worried.

Tomorrow I am gonna try to be a bit more aggressive in taking legit trades.

Alternatively you could try to ride your winners longer. Look at your first two profitable trades, you left a ton of money on the table. From what I understand, you're still trading one contract? If so, I can understand your narrow targets.
Being able to scale in (adding to winners only) and out, gives a lot of flexibility. The goal shouldn't be to take more trades, but to get more ticks out of each trade.

That being said, I am impressed by your results and progression. It makes me miss the first few profitable months I had. After a couple of years of studying the market, I suddenly "got it". Trading does not really get boring, but it sure does get a lot less magical after some time...

Good "luck" going forward!

The following 2 users say Thank You to Lornz for this post:
 
  #920 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

Another day slugging it out


I wanted to trade more aggressively this morning and I did for a bit. I got up a little and then got nervous. I went 12x12 today for 45 ticks but it took forever to get it done.

I have marked the charts with my entries.....and all the possible entries with smaller arrows...I did this in real time so I am sure I missed some and marked others that were not entries....nevertheless, I could have had lots more money in my pocket today.

This game takes nerves of steel and rock solid confidence in your method is the prerequisite for having nerves of steel.

I made some slight changes to my chart for the simple reason that I have been seeing a very high probability trade set up on my normal chart and I see that trade super easy.....I have high confidence in it. So I made the changes to the chart so that I see that one trade set up the easiest. I also added something to help me see HH/LL a bit easier on the chart....not really trading it but it does help me make decisions...so far I like it.

My goal has been to make 50 ticks a day by risking 30 ticks a day. So far this week, I have not made it to 50 but have instead quit once I get within 50 or so....or when the little voice in my gut says stop.....that is the voice I have begun to listen to with a high degree of conviction.

When I began this thread, it was about money management, indicators, set ups and mechanic. After almost a year, I am 100% convinced it has almost nothing to do with indicators, set ups or mechanics....Yes those are important, but the most important thing is this....are you confident? Next is knowing where to get out, third; money management which is in part a function of knowing where to get out and after that, indicators, mechanics, entries, etc all play their part...albeit a much smaller part.

There are four charts as there were many bars printed today.....it took me four screens to get all my trades in.

Cheers.....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Attached Thumbnails
Zen & the Art of The Small Account-2011-05-11_1222.png   Zen & the Art of The Small Account-2011-05-11_1223.png   Zen & the Art of The Small Account-2011-05-11_1225.png   Zen & the Art of The Small Account-2011-05-11_1227.png  
The following 7 users say Thank You to PandaWarrior for this post:

Closed Thread



futures io > > > Zen & the Art of The Small Account

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
paper account real account interactive brokers Mehdi IB Trader Workstation 15 January 6th, 2012 12:16 PM
Big time frames with small account Morainer Psychology and Money Management 10 June 24th, 2011 04:16 PM
Growing A Small account - Have to start somewhere cgleckman Trading Journals 26 April 4th, 2011 01:46 PM
My account got messed up & lost 2K cause I did not wait on a support call thinkfuture Traders Hideout 8 November 3rd, 2010 01:25 PM
Best Data Provider to compliment Zen-Fire for Mkt Internals & EOD Data? waverider Reviews of Brokers and Data Feeds 17 October 14th, 2010 11:33 AM


All times are GMT -4. The time now is 07:01 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts
Page generated 2017-12-16 in 0.15 seconds with 20 queries on phoenix via your IP 54.145.16.43