Safin's Trading Journal - Trading Journals | futures io social day trading
futures io futures trading


Safin's Trading Journal
Updated: Views / Replies:30,538 / 352
Created: by safin Attachments:380

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 Ė 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 donít 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

Reply
 380  
 
Thread Tools Search this Thread
 

Safin's Trading Journal

  #151 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,785 given, 3,279 received


safin View Post
Thanks Jeff. Yes I do feel that my method fails many times on false breakouts. Right now I am unable to predict false breakouts. But I would consider your suggestion seriously to improve my method.

No one is able to predict false break outs.......so you are not alone.........that is why is so important to already have your first target in the bank and your stop moved up so if the break out is false you will not suffer the consequences.

The Joe Ross "Traders Trick Early Entry" comes from a man that has a lifetime of successful trading experience.

Reply With Quote
The following user says Thank You to Jeff Castille for this post:
 
  #152 (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: 29,355 given, 83,237 received


safin View Post
Second Trade : -200$ (CL, my setup)
Nice support line at 74.12. CL touched this price twice. Entered short at 74.10. CL took my order and went up to hit my stops of 10 ticks. I wish I entered at 74.09, it was a winner.

Remind me please - how do you define your stop (why is it 10 ticks)?

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.

Reply With Quote
 
  #153 (permalink)
Elite Member
Holland, Michigan
 
Futures Experience: None
Platform: ninjatrader
Broker/Data: CQG
Favorite Futures: Acoustic Guitar
 
trs3042's Avatar
 
Posts: 1,802 since Jun 2009
Thanks: 23,771 given, 5,600 received



Jeff Castille View Post
Hey Safin,

Have you read Joe Ross' "Traders Trick Early Entry?"

I read it and it changed my trading for the better........I think you would benefit greatly from reading it.

Jeff

Hey Jeff,

Any suggestions on where I could get a copy of Joe Ross' "Traders Trick Early Entry" book? Can't seem to find it.

Thanks

Rick

Reply With Quote
 
  #154 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,785 given, 3,279 received


trs3042 View Post
Hey Jeff,

Any suggestions on where I could get a copy of Joe Ross' "Traders Trick Early Entry" book? Can't seem to find it.

Thanks

Rick

Hi Rick,

Go to Trading Naked website.......there is a whole bunch of Joe Ross material in their library.

Library - Articles & Reprints

When you are done with this let me know......I believe that I have a Joe Ross webinar on the subject.....somewhere.

Jeff

Reply With Quote
The following 2 users say Thank You to Jeff Castille for this post:
 
  #155 (permalink)
Elite Member
Holland, Michigan
 
Futures Experience: None
Platform: ninjatrader
Broker/Data: CQG
Favorite Futures: Acoustic Guitar
 
trs3042's Avatar
 
Posts: 1,802 since Jun 2009
Thanks: 23,771 given, 5,600 received


Jeff Castille View Post
Hi Rick,

Go to Trading Naked website.......there is a whole bunch of Joe Ross material in their library.

Library - Articles & Reprints

When you are done with this let me know......I believe that I have a Joe Ross webinar on the subject.....somewhere.

Jeff


I found it. Thanks for you help.

Rick

( Cool music on your myspace site, I enjoyed it.)

Reply With Quote
The following user says Thank You to trs3042 for this post:
 
  #156 (permalink)
Elite Member
London, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES, CL Futures
 
Posts: 273 since Jun 2010
Thanks: 147 given, 340 received


Big Mike View Post
Remind me please - how do you define your stop (why is it 10 ticks)?

Mike

Hi Mike
I don't know how I came up with that number. I started my setup with 10 ticks stop. It has worked most of the time and I feel comfortable with it. I know many people consider this as a very small stop for CL. But the way I trade, breakout and instant scalping with 7 ticks then move second target to BE+1, works well with this stop ticks. I may miss few good moves few times, as well as I may get stopped out on false breakouts, but it keeps my small account safe.

Hope I am going on right way.
Safin

Reply With Quote
The following user says Thank You to safin for this post:
 
  #157 (permalink)
Elite Member
London, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES, CL Futures
 
Posts: 273 since Jun 2010
Thanks: 147 given, 340 received

23-Sep
-------
Total Profit : 110$ (1 trade, CL, mysetup)
I was busy in morning, so I missed few good entries earlier. But in afternoon around 2pm nice resistance line at 75.49. Entered long at 75.51. First 7 ticks got easily. Second trailing stop exited with 4 ticks.

Attached Thumbnails
Safin's Trading Journal-cl-5-mins-profit-110-.png   Safin's Trading Journal-tf-5-mins-profit-0-.png   Safin's Trading Journal-23-sep-cl-15-mins-profit-0-.png   Safin's Trading Journal-tf-12-10-9_23_2010-15-min-loss-70-.png  

Last edited by safin; September 23rd, 2010 at 10:30 PM.
Reply With Quote
The following user says Thank You to safin for this post:
 
  #158 (permalink)
Elite Member
London, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES, CL Futures
 
Posts: 273 since Jun 2010
Thanks: 147 given, 340 received

24-Sep
--------
Profit : 20$ (1 trade, TF, my setup)
Nice resistance line at 663.8 around 1.30pm.TF touched this price twice. So entered long at 664.1. CL took my order and paused for a while. I got scared and decided to exit with 1 tick on both targets. If I waited for some time, it was a winner.

No real trades on CL today. I did few SIM trades only.

Attached Thumbnails
Safin's Trading Journal-cl-5-mins-profit-0-.png   Safin's Trading Journal-tf-5-mins-profit-20-.png   Safin's Trading Journal-24-sep-cl-15-mins-profit-80-.png   Safin's Trading Journal-tf-12-10-9_24_2010-15-min-profit-80-.png  
Reply With Quote
 
  #159 (permalink)
Elite Member
London, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES, CL Futures
 
Posts: 273 since Jun 2010
Thanks: 147 given, 340 received

27-Sep
---------
Total Profit : 20$ (TF, my setup, 1 trade)
Busy morning, couldn't do much trading. In afternoon nice resistance at 665.9. Entered long at 666.1. Waited 2-3 minutes, no breakout as expected. Exited with 1 tick on both targets. If I waited for some more time it was a winner.

Around 3.30pm, I drew a support line at 667.6. Thought about shorting there at 667.4. But then didn't go for it. It may have been a winner as well.

Lack of confidence in my setup is the issue. I need to overcome that.

Charts coming soon...

Attached Thumbnails
Safin's Trading Journal-tf-5-mins.png   Safin's Trading Journal-cl-5-mins.png   Safin's Trading Journal-tf-12-10-9_27_2010-15-min-profit-60-.png   Safin's Trading Journal-27-sep-cl-15-mins-profit-0-.png  

Last edited by safin; September 27th, 2010 at 06:04 PM.
Reply With Quote
The following user says Thank You to safin for this post:
 
  #160 (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: 29,355 given, 83,237 received



safin View Post
27-Sep
---------
Total Profit : 20$ (TF, my setup, 1 trade)
Busy morning, couldn't do much trading. In afternoon nice resistance at 665.9. Entered long at 666.1. Waited 2-3 minutes, no breakout as expected. Exited with 1 tick on both targets. If I waited for some more time it was a winner.

Around 3.30pm, I drew a support line at 667.6. Thought about shorting there at 667.4. But then didn't go for it. It may have been a winner as well.

Lack of confidence in my setup is the issue. I need to overcome that.

Charts coming soon...

Safin, ask yourself what you would have honestly done with these trades in sim? If the result in sim is not the same as in cash, then that must be your #1 focus each and every day. If you are unable to move past this, then you are likely risking too much money for your tolerance limits, or you do not fully trust your method. The first is overcome by making sure you can afford to trade, and trade smartly. The second is overcome by analysis and research, like through the aid of an excel spreadsheet that tracks your execution.

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.

Reply With Quote

Reply



futures io > > > Safin's Trading Journal

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
Koonan's Trading Journal nanook77 Trading Journals 4 May 28th, 2011 03:55 PM
Alex5000 Trading Journal alex5000 Elite Trading Journals 21 July 18th, 2010 09:25 AM
J's Trading Journal jinhar Trading Journals 43 April 23rd, 2010 08:15 AM
AR01 Price Area Journal (Not a trading journal) AR01 Emini Index Futures Trading 69 April 2nd, 2010 09:01 PM
Frostbyte Trading Journal frostbyte Trading Journals 5 December 8th, 2009 03:55 AM


All times are GMT -4. The time now is 09:38 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 2017-12-17 in 0.14 seconds with 20 queries on phoenix via your IP 54.226.34.209