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thenoobtrader's trading journal
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thenoobtrader's trading journal

  #1 (permalink)
Trading Apprentice
Detroit, MI
 
Futures Experience: Beginner
Platform: S5 Trader
Favorite Futures: Lean Hog, 5 Year Treasury Note, Euro Fx
 
Posts: 26 since Aug 2017
Thanks: 2 given, 9 received

thenoobtrader's trading journal

I am a 22 year old recent college graduate attempting to conquer the futures market.

I first got interested in markets in the summer of 2016. Like most people, I started with the stock market, and experimented with penny stocks. This gave mixed results, but fortunately I did not do anything too rash or stupid. I eventually learned more about the different markets including forex, bonds, futures, and different tools like options, etc. School began in the fall and I didnít have the time to be as directly involved as I was previously, though I continued to watch, learn, and experiment with different markets. The futures market stood out to me, and so after I graduated college in 2017, I decided to open a small account.

I hope to attend medical school in Fall 2018, and the time frame from now till then represents a good opportunity to be involved more fully and apply my ideas. Any good trader keeps a trading journal, so Iím making mine a blog. I will display all trades I make publicly, including losses or gains.

As of right now I am trading:
The different commodities I will be trading:

Lean Hog
Soybean Oil
Corn
2 Year Treasury Notes
5 Year Treasury Notes
10 Year Treasury Notes

My trading plan is basically trendline scalping, and I started trading last week Monday, 8/21/17. I have traded for 7 days so far in total. I usually start at around 9:30am and end around 11:45/11am just.

To be honest, I am undercapitalized (started with $1700) and trade one contract at a time. This makes it difficult as my stops loss tends to be not more than a few ticks on any instrument, with a max of 8 on Soybean Oil. So far most of my trades have been on Lean Hog.

Not sure if I can upload videos of my weak market analyses, but I'll try. I'll start posting after tomorrows session.

I'm very new to futures, so advice and comments on charts are very much welcome.

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  #2 (permalink)
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  #3 (permalink)
Trading Apprentice
Detroit, MI
 
Futures Experience: Beginner
Platform: S5 Trader
Favorite Futures: Lean Hog, 5 Year Treasury Note, Euro Fx
 
Posts: 26 since Aug 2017
Thanks: 2 given, 9 received

Trading Day 8 - 9/1/17


1Sept17.mp4

The attachment is the video file of my trading session. I don't have 5 posts yet so I cannot post links, images, or videos.

Started watching Lean Hogs at about 9:30, stopped at around 10:15. Nothing much happened just one trade for 4 ticks with a 4 tick stop, and my analysis of how I perceived the chart for that time period.

Any advice or comments would be very welcome, especially in how I read the charts.

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  #4 (permalink)
Trading Apprentice
Detroit, MI
 
Futures Experience: Beginner
Platform: S5 Trader
Favorite Futures: Lean Hog, 5 Year Treasury Note, Euro Fx
 
Posts: 26 since Aug 2017
Thanks: 2 given, 9 received

9/5/17

5Sept17.mp4

I took with one short position with a 3:4 risk/reward ratio. Hit my take profit for 4 ticks. Missed one other opportunity to get in. Ended the day on the early side at 9:15am

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  #5 (permalink)
Trading for Fun
Rybnik Polska
 
Futures Experience: Advanced
Platform: TWS
Favorite Futures: Futures
 
Posts: 105 since Aug 2015
Thanks: 18 given, 42 received

You WANT or you NEED to scalp ? I bet that the right one is answer no.2 becouse 1700 $ is extremally low number.
But dont worry -it is still possible to trade and win.You only need to find right instrument.As I see you got S5 as your brokerage so I think that the right one should be ... Eurex GBS eventually ZT.With 5 Euro per tick,slow market and still nice moves you can easly learn what is going on.With GBS/ZT you not need to worries or be scared.You can look on ZF and trade ZT.With 1700$ you can even scale your position .With gbs you can learn and in the meantime concentrate on earning more in real life.

Sadly most FCM offer only CME/Eurex products which have big notional value.I also started years ago when I was young, with just little bigger ammount then yours and I success - becouse I was able to choose right products.In my case it was emerging markets futures.Markets elsewere are much smaller and easier to trade.On CME you are diving right into a ocean full of big fishes...

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  #6 (permalink)
Trading Apprentice
Detroit, MI
 
Futures Experience: Beginner
Platform: S5 Trader
Favorite Futures: Lean Hog, 5 Year Treasury Note, Euro Fx
 
Posts: 26 since Aug 2017
Thanks: 2 given, 9 received

Trading Day 10

9/6/17

Trading Day 10 ? thenoobtrader.com

^ I don't know how to directly imbed videos on the forums, can anyone help?

I did not take any trades today, there was only one clear opportunity early on in the market, but it didnít set up very well so left it alone. Otherwise the market did not move too well and did not set up nicely for me in terms of risk/reward.

The tragedies of trading with a tiny account


Last edited by Kennizzl; September 6th, 2017 at 11:53 AM. Reason: embedding
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  #7 (permalink)
Trading Apprentice
Detroit, MI
 
Futures Experience: Beginner
Platform: S5 Trader
Favorite Futures: Lean Hog, 5 Year Treasury Note, Euro Fx
 
Posts: 26 since Aug 2017
Thanks: 2 given, 9 received

$1700 account


Tommip View Post
You WANT or you NEED to scalp ? I bet that the right one is answer no.2 becouse 1700 $ is extremally low number.
But dont worry -it is still possible to trade and win.You only need to find right instrument.As I see you got S5 as your brokerage so I think that the right one should be ... Eurex GBS eventually ZT.With 5 Euro per tick,slow market and still nice moves you can easly learn what is going on.With GBS/ZT you not need to worries or be scared.You can look on ZF and trade ZT.With 1700$ you can even scale your position .With gbs you can learn and in the meantime concentrate on earning more in real life.

Sadly most FCM offer only CME/Eurex products which have big notional value.I also started years ago when I was young, with just little bigger ammount then yours and I success - becouse I was able to choose right products.In my case it was emerging markets futures.Markets elsewere are much smaller and easier to trade.On CME you are diving right into a ocean full of big fishes...

You're 100% right. I'll take a closer look at the markets that you mentioned. I have some experience with forex but its all DEMO. That being said, I may switch over to forex soon. How long have you been trading and any messy early experiences?

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  #8 (permalink)
Trading for Fun
Rybnik Polska
 
Futures Experience: Advanced
Platform: TWS
Favorite Futures: Futures
 
Posts: 105 since Aug 2015
Thanks: 18 given, 42 received

I trade from 2002y.I start with stock's - with like 5k usd here in Polish stock exchange.I remember my first trade till today...First stock which I buy was unliquid,and becouse it was small firm I buy some like 2 % of that company.Just becouse they was going sideways i buy some stock every day.I hold It for few months and becouse that stock was going nowhere I sell it.Right after that stock go up more then 1000 % in next year and I cry becouse I could make 50k from 5k in just one year in first trade I dont remember losses becouse it not matter,Its just mean that you at least do something and try.What really make a pain is when you dont do something what you should...

Becouse you have S5 futures account you can look at futures live data but trade a CFD.Or stick with futures and trade GBS/ZT.GBS is better in my opinion,with 1700$ you can even scale your position.

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  #9 (permalink)
Trading Apprentice
Detroit, MI
 
Futures Experience: Beginner
Platform: S5 Trader
Favorite Futures: Lean Hog, 5 Year Treasury Note, Euro Fx
 
Posts: 26 since Aug 2017
Thanks: 2 given, 9 received

Trading Day 11

9/14/17

I haven't actually entered a position this week due to how busy I've been. I watched Lean Hogs pretty closely on Monday, but I didn't see a good setup for me, so I didn't take any trades. Tuesday and Wednesday I've just been very busy. However during this time i've been seriously contemplating switching to forex to help with risk management and so I don't have to worry about 3-4 tick stops haha.

Monday Session:

http://thenoobtrader.com/wp-content/uploads/2017/09/11Sept17.mp4?_=1

For today (9/14/17), Lean Hogs wasn't showing me anything for me during the market open, so I spent some time looking at corn.

10:12am Ė long on corn, 3:4 risk reward

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Market reversed so I got out quickly with a 1 tick gain. Almost immediately price started going back in my favor and would have hit my original 4 tick exit point.

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Summary: Annoyed at not staying in the trade

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  #10 (permalink)
Trading Apprentice
Detroit, MI
 
Futures Experience: Beginner
Platform: S5 Trader
Favorite Futures: Lean Hog, 5 Year Treasury Note, Euro Fx
 
Posts: 26 since Aug 2017
Thanks: 2 given, 9 received

Trading Day 11


Took one short trade on 5 Year T Note this morning for a 2 tick gain

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Trade: Short
Reward-to-risk Ratio: 2:2
Risk percentage: 0.9%
Trade Rationale: Notes looked to be beginning a swing down and I thought I could get out with a few ticks.

Haven't been trading recently due to interviews and work, and of course I don't want to rush into anything. Looking to be more involved the last two days of this week though.

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