shodson's Trading Journal - futures io
futures io



shodson's Trading Journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one shodson with 573 posts (740 thanks)
    2. looks_two Big Mike with 41 posts (32 thanks)
    3. looks_3 bluemele with 12 posts (15 thanks)
    4. looks_4 cclsys with 11 posts (8 thanks)
      Best Posters
    1. looks_one incometrade with 2 thanks per post
    2. looks_two shodson with 1.3 thanks per post
    3. looks_3 bluemele with 1.3 thanks per post
    4. looks_4 Big Mike with 0.8 thanks per post
    1. trending_up 161,186 views
    2. thumb_up 869 thanks given
    3. group 52 followers
    1. forum 770 posts
    2. attach_file 956 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 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
 

shodson's Trading Journal

(login for full post details)
  #481 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,184 since Jun 2009
Thanks: 32,683 given, 99,760 received



Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote

Can you help answer these questions
from other members on futures io?
NT8 Order Management Strategy
The Elite Circle
in depth understanding of last, bid, and ask volume in c …
NinjaTrader
Big Mo Indicator for NT8
NinjaTrader
Multi Time Frame High/Low/Median levels
NinjaTrader
help with take profit several targets
TradeStation
 
 
(login for full post details)
  #482 (permalink)
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,096 since Jun 2009
Thanks: 877 given, 8,045 received


shodson View Post
Thursday, December 2nd - The gap setups don't get much better than this. And those seem to be the ones that hurt me the most.

..

last one was -70% I imagine this one is even worse are you going to change your gap strategy or do you have some other stuffs to fall back on?

Reply With Quote
 
(login for full post details)
  #483 (permalink)
 mainstream 
Chicago, IL
 
Experience: Master
Platform: Kinetick Ninja Trader <7>
Broker: Ninja & IB
Trading: YM & Equities & Options & Mutual Funds
 
Posts: 176 since Jun 2010
Thanks: 57 given, 87 received



shodson View Post

ES: -18 ticks
YM: -40 ticks
TF: -19 ticks




I looks like you could have gone to breakeven plus one on a few of these trades man. Lately I'm break even plus one as soon as I can.... cause I'd rather end flat on the day than take a hit... Hindsight being twenty twenty.

Reply With Quote
 
(login for full post details)
  #484 (permalink)
 shodson 
OC, California, USA
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,971 since Jun 2009
Thanks: 533 given, 3,694 received

Recovery is right around the corner...
Recovery is right around the corner...
Recovery is right around the corner...
Recovery is right around the corner...
Recovery is right around the corner...
Recovery is right around the corner...
Recovery is right around the corner...

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #485 (permalink)
 shodson 
OC, California, USA
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,971 since Jun 2009
Thanks: 533 given, 3,694 received


mainstream View Post
I looks like you could have gone to breakeven plus one on a few of these trades man. Lately I'm break even plus one as soon as I can.... cause I'd rather end flat on the day than take a hit... Hindsight being twenty twenty.

I hear ya. On the other hand I've gotten plenty of winners that came close to my target, revisited my entry and then hit my target. I would have missed out on those. It is one of the challenges of trading with fixed targets/stops. On my FHG trades, since I manage them with ATM, I usually go B/E when I get 90-95% of my target fulfilled. The automated gap trades, though, don't have any dynamic trade management in them. I may add this later, but it's not that way right now.

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to shodson for this post:
 
(login for full post details)
  #486 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,184 since Jun 2009
Thanks: 32,683 given, 99,760 received


mainstream View Post
I looks like you could have gone to breakeven plus one on a few of these trades man. Lately I'm break even plus one as soon as I can.... cause I'd rather end flat on the day than take a hit... Hindsight being twenty twenty.

In my opinion, BE+1 will not work in the long run. You have to set/trail stops based on price action, not some arbitrary number.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #487 (permalink)
 mainstream 
Chicago, IL
 
Experience: Master
Platform: Kinetick Ninja Trader <7>
Broker: Ninja & IB
Trading: YM & Equities & Options & Mutual Funds
 
Posts: 176 since Jun 2010
Thanks: 57 given, 87 received


Big Mike View Post
. You have to set/trail stops based on price action.

Absolutely. That depends a great deal on the instrument you're trading and the volatility of the day or time of day. For example the ES or the ZN... you can enter the market at the right time/price and sit for hours a few tick from a stop and never be hit. Other contacts require more proactive trade management.

Either way Mike, your multi contract system you have both a small target and a runner potential. Don't you move to BE after your first target?

Reply With Quote
 
(login for full post details)
  #488 (permalink)
 shodson 
OC, California, USA
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,971 since Jun 2009
Thanks: 533 given, 3,694 received

I've been studying volume and time quite a bit lately and discovered some apparent patterns, especially relative to S/R.

Attached Thumbnails
Click image for larger version

Name:	voltime1.png
Views:	165
Size:	56.6 KB
ID:	26468   Click image for larger version

Name:	voltime2.png
Views:	156
Size:	65.7 KB
ID:	26469   Click image for larger version

Name:	voltime3.png
Views:	146
Size:	71.3 KB
ID:	26470  
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to shodson for this post:
 
(login for full post details)
  #489 (permalink)
 shodson 
OC, California, USA
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,971 since Jun 2009
Thanks: 533 given, 3,694 received

Friday, December 3rd - NO TRADES

Monday, December 6th - Took two gap trades, an up-gap on NQ and a down-gap on YM, both small winners.

YM: +7 ticks
NQ: +13 ticks





Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #490 (permalink)
 incometrade 
Rochester Hills, Michigan
 
Experience: Advanced
Platform: Tradestation
Trading: Currency Futures
 
Posts: 200 since Jul 2010
Thanks: 856 given, 143 received


It's nice to see you had a profitable day, even though you say small. You had a couple ruff days last week but didn't give up. I think its good that your still trusting your system and not trying to change because of a couple off days. Good luck!

Incometrade
Follow me on Twitter Reply With Quote
The following user says Thank You to incometrade for this post:


futures io Trading Community Trading Journals > shodson's Trading Journal


Last Updated on December 10, 2020


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2023 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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