My Trading Journal: just a few trades a day
futures io futures trading



My Trading Journal: just a few trades a day


Trading Journals

Created May 5th 2019 by jpygbp
Updated August 15th 2019 by jpygbp
looks_onejpygbp with 70 posts (37 thanks)
looks_twomatthew28 with 1 posts (1 thanks)
looks_3kareem40 with 1 posts (0 thanks)
looks_4matthew28 with 1 posts (1 thanks)
 
trending_up4,067 views
thumb_up38 thanks given
forum75 replies
attach_file71 attachments



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 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
 
Thread Tools Search this Thread
 

My Trading Journal: just a few trades a day

  #1 (permalink)
Argyle Texas
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NT/Dorman, Oanda, ThinkorSwim
Favorite Futures: ES CL 6E
 
jpygbp's Avatar
 
Posts: 82 since May 2011
Thanks: 3 given, 40 received

My Trading Journal: just a few trades a day

I am creating this journal to log my good and bad trades. I am attempting to grow a small account by only taking a few trades a day and then switching to demo mode for the rest of the day. This should keep me from overtrading. Since it is a small account, I may from time to time have to refund the account.

Method:
One trade before 9am CST each trading day.
Market structure for trades. (support, resistance, trend lines)
10 tick stop loss (@$100 stop for the day)(manual stop and entered worse case stop above structure)
4 tick target ($50.00 target for the day)
One lot per $1000 entry

Attached Thumbnails
My Trading Journal: just a few trades a day-5-2-19.jpg  

Last edited by jpygbp; June 14th, 2019 at 05:51 AM.
Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to jpygbp for this post:

Can you help answer these questions
from other members on futures io?
market_cipher5_bg
ThinkOrSwim
Block order question
Emini and Emicro Index
adding labels that always stay on the left on horizonal lines
ThinkOrSwim
Radar Screen for small caps
TradeStation
Plot line has gaps/disconnected on intraday charts
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
ES futures Spoo-nalysis SP500/SPX
217 thanks
Recession? Depression? Bailout!
214 thanks
Coronavirus COVID-19
161 thanks
Understanding Footprint Charts / Number bars
71 thanks
What's your "comfort" number?
40 thanks
 
  #2 (permalink)
Argyle Texas
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NT/Dorman, Oanda, ThinkorSwim
Favorite Futures: ES CL 6E
 
jpygbp's Avatar
 
Posts: 82 since May 2011
Thanks: 3 given, 40 received

5-3-19

Small loss for the day. I was too close to a news release.

Attached Thumbnails
My Trading Journal: just a few trades a day-5-3-19.jpg  
Visit my futures io Trade Journal Reply With Quote
 
  #3 (permalink)
Legendary Elite_Member
Wiltshire, United Kingdom
 
Trading Experience: Beginner
Platform: Jigsaw daytradr
Favorite Futures: US Equity Index Futures
 
matthew28's Avatar
 
Posts: 787 since Sep 2013
Thanks: 1,723 given, 1,325 received



jpygbp View Post
Small loss for the day.

I don't know if I would call it a small loss.
You say you are targeting 2-4 ticks on a trade. The first day you took two trades and made 1 tick and 2 ticks, 3 ticks for the day.
The next day you take one trade for a loss of 22 ticks (5.5 points), for the day.
You are going to need a very high win rate for this to work. Even with a 10 tick stop you would need an 80-90% win rate just to break even.
On your first two trades you could have made 4-5 times the amount just holding on a few minutes longer back down to the recent low as the trend was down.

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to matthew28 for this post:
 
  #4 (permalink)
Argyle Texas
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NT/Dorman, Oanda, ThinkorSwim
Favorite Futures: ES CL 6E
 
jpygbp's Avatar
 
Posts: 82 since May 2011
Thanks: 3 given, 40 received

Trades...

Yes, I a agree. A few mistakes on the first two days. I will have to tighten up the stops and be more patient.

I had a loss this morning but cut it off quickly before 10 ticks. If I have over $100 loss for the day, I stop.


Last edited by jpygbp; May 6th, 2019 at 10:48 AM.
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to jpygbp for this post:
 
  #5 (permalink)
Netherlands
 
Trading Experience: Advanced
Platform: Sierra Charts
Broker/Data: Infinity Futures
Favorite Futures: FGBL
 
Posts: 69 since Oct 2009
Thanks: 59 given, 66 received

I don't know what trading method you are using, but in this forum there are plenty to find.
One person in this forum that I like to mention is Perry G.
He moderated several webinars here about his method. And contributed with hundreds reactions to explain his method.
I just can recommend to have a look at it.
https://futures.io/articles/trading/Perrys-Method-Part-II

Reply With Quote
 
  #6 (permalink)
Argyle Texas
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NT/Dorman, Oanda, ThinkorSwim
Favorite Futures: ES CL 6E
 
jpygbp's Avatar
 
Posts: 82 since May 2011
Thanks: 3 given, 40 received

5-7-19

A few demo trades since it is after 9am cst. The market moves a bit quicker to fill my targets. I think a 4 tick target would have worked for these.

Attached Thumbnails
My Trading Journal: just a few trades a day-5-7-19.jpg  
Visit my futures io Trade Journal Reply With Quote
 
  #7 (permalink)
Argyle Texas
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NT/Dorman, Oanda, ThinkorSwim
Favorite Futures: ES CL 6E
 
jpygbp's Avatar
 
Posts: 82 since May 2011
Thanks: 3 given, 40 received

5-8-19

Testing out my ATM with a 4 tick target and 8 tick stop. The market has to be moving well in a direction otherwise, the stops will get hit too often. I tried larger stops but when they are hit it is too much of a loss.

Attached Thumbnails
My Trading Journal: just a few trades a day-5-8-19.jpg  
Visit my futures io Trade Journal Reply With Quote
 
  #8 (permalink)
Argyle Texas
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NT/Dorman, Oanda, ThinkorSwim
Favorite Futures: ES CL 6E
 
jpygbp's Avatar
 
Posts: 82 since May 2011
Thanks: 3 given, 40 received

5-13-19

Today's trades during less busy period.

Attached Thumbnails
My Trading Journal: just a few trades a day-5-13-19.jpg  
Visit my futures io Trade Journal Reply With Quote
 
  #9 (permalink)
Argyle Texas
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NT/Dorman, Oanda, ThinkorSwim
Favorite Futures: ES CL 6E
 
jpygbp's Avatar
 
Posts: 82 since May 2011
Thanks: 3 given, 40 received

5-14-19

A trade for a small profit. The stops can easily get in the way with this action.

Attached Thumbnails
My Trading Journal: just a few trades a day-5-14-19b.jpg   My Trading Journal: just a few trades a day-5-14-19.jpg  
Visit my futures io Trade Journal Reply With Quote
 
  #10 (permalink)
Argyle Texas
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NT/Dorman, Oanda, ThinkorSwim
Favorite Futures: ES CL 6E
 
jpygbp's Avatar
 
Posts: 82 since May 2011
Thanks: 3 given, 40 received

5-15-19


Placed my stop above market structure. I manually watch the draw down and use the market structure stop for worst case. The profit target was reached.

Attached Thumbnails
My Trading Journal: just a few trades a day-5-15-19a.jpg  
Visit my futures io Trade Journal Reply With Quote

Reply



futures io Trading Community Trading Journals > My Trading Journal: just a few trades a day

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

$250 Amazon Gift Cards with our "Thanks Contest" challenge!

Right now
 

Social Media Predictive Data for Traders w/Joe Gits @ SMA [and Lime Brokerage]

Apr 9
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Reetís 2 Trades a Day Keeps the Drawdown Away Journal Ė ES Reettrader Trading Journals 29 May 21st, 2019 07:24 AM
Good trades, bad trades, winning trades & losing trades AsymOlly Trading Journals 42 July 11th, 2016 10:08 AM
hello everyone just a newbie with a few questions :) ashfsderse Beginners and Introductions 25 April 26th, 2016 05:07 AM
Trade Journal for the last few days - Thoughts and psychological part of trading o00o00o00 Traders Hideout 3 December 19th, 2014 01:54 AM


All times are GMT -4. The time now is 05:50 PM. (this page content is cached, log in for real-time version)

Copyright © 2020 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