The Adventures of an Intuitive Daytrader - futures io
futures io futures trading



The Adventures of an Intuitive Daytrader


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one brunobt with 65 posts (107 thanks)
    2. looks_two spetscom with 7 posts (8 thanks)
    3. looks_3 Skidboot with 6 posts (11 thanks)
    4. looks_4 prof with 4 posts (5 thanks)
      Best Posters
    1. looks_one xplorer with 6 thanks per post
    2. looks_two Skidboot with 1.8 thanks per post
    3. looks_3 brunobt with 1.6 thanks per post
    4. looks_4 spetscom with 1.1 thanks per post
    1. trending_up 8,165 views
    2. thumb_up 173 thanks given
    3. group 18 followers
    1. forum 105 posts
    2. attach_file 58 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

The Adventures of an Intuitive Daytrader

(login for full post details)
  #101 (permalink)
Amsterdam Netherlands
 
 
Posts: 9 since Jul 2018
Thanks: 3 given, 7 received


brunobt View Post
It's been almost 2 months since I started trading crude oil and things are going pretty well.

I think that the content of this thread is not useful the way it is (I don't want to post my PnL without a specific reason). Besides, my methodology is too subjective (but really very simple) and I can't describe the logic behind it (even to someone in the same room). "Confluence" is a relatively easy concept to grasp, but it's hard to apply it successfully in real-time...

Of course it's still a trading journal, so I'll write here only stuff I consider relevant, like the MANY mistakes (mostly cognitive biases) I do on a daily basis.

------------------------------------------------------------------------

Yesterday I had my first loss (-7k net). I was 8k positive and decided it was not ok: in my "analysis", the market had to fall 50 cents up to a dollar (!), 'cause I needed to prove myself I could do better than I've been doing so far. So I shorted 21 contracts @71.01 before lunch and got distracted doing stuff for hours... waiting for the market to obey me . And I was willing to hold my position till the end... and so I did. I exited before the interruption with 7k in losses for the day.

I wasn't even mad with myself. It was a cheap lesson, considering my stupidity. Today is another day and everything is still wonderful.

cheers


Even though you cannot explain your methodology, it has still been interesting for us at least. Maybe one day you want to mention something more about how you arrived at your methodology (even if unexplainable), how long it took, the different roads you traveled in the beginning.. Good to hear at least you learned a lesson yesterday!

Reply With Quote
The following 2 users say Thank You to prof for this post:
 
(login for full post details)
  #102 (permalink)
Niles, Michigan
 
 
Posts: 73 since Sep 2018
Thanks: 83 given, 111 received


brunobt View Post
It's been almost 2 months since I started trading crude oil and things are going pretty well.



I think that the content of this thread is not useful the way it is (I don't want to post my PnL without a specific reason). Besides, my methodology is too subjective (but really very simple) and I can't describe the logic behind it (even to someone in the same room). "Confluence" is a relatively easy concept to grasp, but it's hard to apply it successfully in real-time...



Of course it's still a trading journal, so I'll write here only stuff I consider relevant, like the MANY mistakes (mostly cognitive biases) I do on a daily basis.



------------------------------------------------------------------------



Yesterday I had my first loss (-7k net). I was 8k positive and decided it was not ok: in my "analysis", the market had to fall 50 cents up to a dollar (!), 'cause I needed to prove myself I could do better than I've been doing so far. So I shorted 21 contracts @71.01 before lunch and got distracted doing stuff for hours... waiting for the market to obey me . And I was willing to hold my position till the end... and so I did. I exited before the interruption with 7k in losses for the day.



I wasn't even mad with myself. It was a cheap lesson, considering my stupidity. Today is another day and everything is still wonderful.



cheers






Itís your journal do what you want, but the format you have been following has really helped me out. Iíll still follow it either way, but your posts havenít been in vain.

Reply With Quote
The following user says Thank You to spetscom for this post:
 
(login for full post details)
  #103 (permalink)
Distrito Federal/Brazil
 
Experience: Intermediate
 
brunobt's Avatar
 
Posts: 83 since Apr 2014
Thanks: 77 given, 119 received

Today I started to trade up to 45 contracts.

My first impressions:

1)it didnít make any difference for me, I donít feel any stress due to the bigger position (400/450 dollars per tick);
2)I can easily put 10, 20, 40 contracts orders (limit orders at ask/bid or 1 tick below/above, not market orders), even out of the main session hours (the market just absorb it like it was nothing);
3)I have never notice any robot/algo strange behavior.

TOS is freezing constantly during and after price spikes, itís frozen right now and I just had to exit a position using the iPad.

Results: Won 8k. Lost 13k. Won 13k. Net 8k until now.

Latter Iíll do a ďdebriefĒ of todayís trades. Right now Iím refreshing my mind in a cold pool (until my rage due to the platform bug vanishes lol).


Sent using the futures.io mobile app

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to brunobt for this post:
 
(login for full post details)
  #104 (permalink)
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,029 since Jun 2009
Thanks: 845 given, 7,892 received


brunobt View Post
..

TOS is freezing constantly ...


Sent using the futures.io mobile app

you should check out Tradovate, esp. you trade on mobile device.

Reply With Quote
The following user says Thank You to cory for this post:
 
(login for full post details)
  #105 (permalink)
Distrito Federal/Brazil
 
Experience: Intermediate
 
brunobt's Avatar
 
Posts: 83 since Apr 2014
Thanks: 77 given, 119 received

Today I was scalping (5 and 1-minute chart) when prices went down strongly against my position. I decided to go with the flow and inverted to take advantage of the possible second leg down. I was particularly happy because I added more contracts and nothing was different (no fear and no greed from a psychological POV).

After a 2-hour pause, I noticed that prices were about to test the "long term" trendline. I shorted -10@71.57 in the microtrendline breakout and added 20 contracts 20 minutes later, when prices went strong against me (you should expect that before a spike in your direction).


Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to brunobt for this post:
 
(login for full post details)
  #106 (permalink)
Niles, Michigan
 
 
Posts: 73 since Sep 2018
Thanks: 83 given, 111 received


brunobt View Post
Today I was scalping (5 and 1-minute chart) when prices went down strongly against my position. I decided to go with the flow and inverted to take advantage of the possible second leg down. I was particularly happy because I added more contracts and nothing was different (no fear and no greed from a psychological POV).



After a 2-hour pause, I noticed that prices were about to test the "long term" trendline. I shorted -10@71.57 in the microtrendline breakout and added 20 contracts 20 minutes later, when prices went strong against me (you should expect that before a spike in your direction).



Attachment 257451



Man Bruno I admire your always-in approach. It seems to be working well for you.

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


futures io Trading Community Trading Journals > The Adventures of an Intuitive Daytrader


Last Updated on October 17, 2018


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1500 prizes from Topstep!

February
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
     



Copyright © 2021 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