Salao's Journal--Skiff on the Gulf Stream - Trading Journals | futures io social day trading
futures io futures trading


Salao's Journal--Skiff on the Gulf Stream
Updated: Views / Replies:1,126 / 61
Created: by Salao Attachments:40

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 100,000 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

Reply
 40  
 
Thread Tools Search this Thread
 

Salao's Journal--Skiff on the Gulf Stream

  #1 (permalink)
Elite Member
Riverside CA
 
Trading Experience: Intermediate
Platform: TOS
Favorite Futures: ES
 
Posts: 62 since Jun 2017
Thanks: 48 given, 40 received

Salao's Journal--Skiff on the Gulf Stream

I'm starting this journal to become a professional level trader. I have been trading stocks for ~10 years with success (probably with the help of a little wind at my back) but I am new to futures trading. Prior to funding/trading a futures account I need to:

1. Test my methodology. Verify/discovery edge.
2. Correct personal behavior that seems problematic for trading. I will be focusing on PATIENCE and INTENT for now.
3. Learn.

At this point I have no idea whether or not my methodology is profitable in the futures markets. I assume it's not so I will be paper trading to tinker with my methodology for now. I also need to learn my thinkorswim platform. I have never used it to trade a futures contract.

I just finished my trade plan which hopefully spells out an edge. I divided it into three sections: 1. Principles, 2. Methodology, 3. Risk Management. The principles are to guide methodology and risk management. This is a work in progress and will be tinkered with as I learn.

I want to say THANKS to Big Mike for creating this forum. I have been using it for a couple of years now and have learned a great deal from all the traders out there. This website has been an INCREDIBLE resource and because of that I recently (and gladly) ponied up the $100 for elite membership. I also want to thank all the traders who have shared what they have learned. There is some pretty awesome information here. Maybe one day I'll have something insightful to add!


Last edited by Salao; January 16th, 2019 at 02:16 PM.
Reply With Quote
The following 6 users say Thank You to Salao 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
Riverside CA
 
Trading Experience: Intermediate
Platform: TOS
Favorite Futures: ES
 
Posts: 62 since Jun 2017
Thanks: 48 given, 40 received

Day 1


I paper traded the ES during NY session from beginning to end today. My goal these days is to test my methodology and discretion in a moving market. I am also learning how to use the thinkorswim platform for futures trading.

I was able to bag 41 ticks of a rally at the open. Support had formed at 2582.75. I was comfortable putting in an order near the support for easy risk management.

But then I was quick to fade the rally for the day and lost 21 ticks. That was a pretty strong rally that busted resistance at 2596.75. I probably should have been looking for another long.

It looked like ES had put up resistance at just under 2610 so I looked for a spot to go short. I picked up another 41 ticks.

At just after Noon I figured I would try the same trade again. It didn't work out the second time. I was stopped out for a 16 tick loss.

+45 ticks on the day. The last trade was a little careless. Not as much thought went into the entry. Will try to focus better at the end of the day or stop trading.

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 Salao for this post:
 
  #4 (permalink)
Elite Member
Riverside CA
 
Trading Experience: Intermediate
Platform: TOS
Favorite Futures: ES
 
Posts: 62 since Jun 2017
Thanks: 48 given, 40 received

"It is a man's ego that keeps him coming back into Wall Street in spite of his losses. He will not admit to himself that he is licked. Rarely does it occur to him that while persistence is a virtue, failure to improve his method of procedure delays his final success." Richard Wyckoff

Haunting...

Reply With Quote
The following 2 users say Thank You to Salao for this post:
 
  #5 (permalink)
Elite Member
Boulder, Colorado. USA
 
Trading Experience: Beginner
Platform: TOS
Favorite Futures: ES
 
Posts: 10 since Nov 2012
Thanks: 70 given, 7 received

Nice positive trades for the first day! Keep it going!

As a fellow TOS user, I'm about 6-months into true controlled (meaning serious) sim trading with TOS. If you end up scalping, then their commissions kill you. It is very hard to keep ahead with break evens or losses with their high round trip commissions. Shortly I will be transferring to a fully funded account elsewhere that is specific to futures trading and high volume trades with smaller reasonable commissions. TOS is a nice platform but I've found I'm basically wasting my training time with the high commissions (even in Sim) and the filtered data.

Just an FYI that when it gets real, you'll probably end up moving to another platform, broker and system. Please don't take this as a negative. I actually like TOS, just their futures costs eat away at the potential p/l.

I like your post! Keep them coming!

Reply With Quote
 
  #6 (permalink)
Elite Member
Riverside CA
 
Trading Experience: Intermediate
Platform: TOS
Favorite Futures: ES
 
Posts: 62 since Jun 2017
Thanks: 48 given, 40 received


MoparCar View Post
Nice positive trades for the first day! Keep it going!

As a fellow TOS user, I'm about 6-months into true controlled (meaning serious) sim trading with TOS. If you end up scalping, then their commissions kill you. It is very hard to keep ahead with break evens or losses with their high round trip commissions. Shortly I will be transferring to a fully funded account elsewhere that is specific to futures trading and high volume trades with smaller reasonable commissions. TOS is a nice platform but I've found I'm basically wasting my training time with the high commissions (even in Sim) and the filtered data.

Just an FYI that when it gets real, you'll probably end up moving to another platform, broker and system. Please don't take this as a negative. I actually like TOS, just their futures costs eat away at the potential p/l.

I like your post! Keep them coming!

Thanks! Bare with me if I ask a stupid question...but what do you mean by “filtered data”?

Reply With Quote
 
  #7 (permalink)
Elite Member
Riverside CA
 
Trading Experience: Intermediate
Platform: TOS
Favorite Futures: ES
 
Posts: 62 since Jun 2017
Thanks: 48 given, 40 received

Day 2

Put a LMT BUY near 2612 but didn't get the fill. Paper trading BTW.

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

Reply With Quote
 
  #8 (permalink)
Elite Member
Riverside CA
 
Trading Experience: Intermediate
Platform: TOS
Favorite Futures: ES
 
Posts: 62 since Jun 2017
Thanks: 48 given, 40 received

20EMA retrace trade no good.

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

Reply With Quote
 
  #9 (permalink)
Elite Member
Riverside CA
 
Trading Experience: Intermediate
Platform: TOS
Favorite Futures: ES
 
Posts: 62 since Jun 2017
Thanks: 48 given, 40 received


Salao View Post
20EMA retrace trade no good.

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

I entered a little early because I thought the momentum seemed good. I was stopped out. I would have been stopped out if I entered perfectly. So the early entry cost a few extra dollars.

Reply With Quote
 
  #10 (permalink)
Elite Member
Riverside CA
 
Trading Experience: Intermediate
Platform: TOS
Favorite Futures: ES
 
Posts: 62 since Jun 2017
Thanks: 48 given, 40 received


Took another crack at 2612. LMT BUY was filled at 2612.25...stopped out +19 ticks.

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

Reply With Quote

Reply



futures io > > > Salao's Journal--Skiff on the Gulf Stream

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Journal Challenge $1600 in Prizes & Free Journalytix for all participants!

February
 

Trading Resolutions for 2019 - Avoiding Mistakes w/GFF Brokers

Feb 19
 

3 Excellent Entries, and How To Automate Them w/Kevin Davey

Feb 21
 

The Driving Force Behind the Market w/Earn2Trade

Mar 5
 

TBA w/Stage5 & iSystems

Mar 12
 

TBA w/John Grady @ No BS Day Trading

Mar 19
 

Day Trading Oil Futures: Reducing Risk & Increasing Profits w/DTN IQFeed

Mar 26
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
berkshire hathaway live stream lsubeano Off-Topic 1 April 30th, 2016 06:18 PM
Style Drift -Changing your strategy mid stream Silver Dragon Psychology and Money Management 2 March 26th, 2013 01:02 AM
Ninjatrader 7 with eoddata.com stream fernlicht Reviews of Brokers and Data Feeds 2 March 21st, 2012 08:27 PM
Super Bowl 2012 Live Stream Freely Available On NBCSports.com GridKing News and Current Events 0 February 5th, 2012 03:29 PM
anyone know how can i stream live OHLC from MT4 to excel? onetwosome MetaTrader 5 January 20th, 2011 07:40 PM


Tags
5m_chart, bid/ask, broker, brokers, buy, data, data feed, data provider, dow, elite, ema, es, funded account, futures, futures markets, futures trading, how to, information, journal, long term, market order, momentum, nyse, orders, paper trading, price action, profitable, ream, resistance, reward, risk management, scalper, scalping, short, short term, sim, sim trading, sim_trading, slippage, spread, squeeze, statistical, strategy, support, support_and_resistance, think or swim, thinkorswim, tick, tos, trade plan, trading, training, trend, type, volume

All times are GMT -4. The time now is 12:21 AM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, 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 2019-02-14 in 0.14 seconds with 15 queries on phoenix