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itrade2win's Trade Journal To Success
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itrade2win's Trade Journal To Success

  #61 (permalink)
Student Of The Markets
New York
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Favorite Futures: E-mini S&P 500
 
Posts: 753 since Aug 2010
Thanks: 448 given, 433 received

I did not trade well today on the ES

I am totally to blame for my results on the ES today. On a day when any long entry would have been a winner I took five short trades and only two was a partial winner. I broke one rule, and most importantly I traded based on what I thought the market was going to do next and not what the chart showed. I couldn't find a entry to go long. Hindsight is 20/20 and after the fact I now see where I could have made a few long entries. Actually the biggest clue was the soft bounces off the HOD's should have been enough to tell me that the market is going to continue. In spite of having a losing day and losing more than I had made for the month, I feel pretty good about today because I had realized and learned from my mistakes and to me that is better than having a winning day and didn't do the right thing. Looking forward to tomorrow.

Cheers
Ryan


Last edited by itrade2win; October 13th, 2010 at 11:32 PM.
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  #62 (permalink)
Student Of The Markets
New York
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Favorite Futures: E-mini S&P 500
 
Posts: 753 since Aug 2010
Thanks: 448 given, 433 received

CL Trades

This is why I don't like over trading. I was +93 ticks on two trades and lost it and some. Made one last trade and recovered and ended up +6 ticks. I started not looking at my PnL until later in the day, but I should have realized two nice winning trades had me in the money a good amount.

Cheers
Ryan

Attached Thumbnails
itrade2win's Trade Journal To Success-ninjatrader-chart.jpg   itrade2win's Trade Journal To Success-ninjatrader-trade-list-10_14_2010-10_14_2010.jpg   itrade2win's Trade Journal To Success-ninjatrader-performance-report.jpg  
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  #63 (permalink)
Student Of The Markets
New York
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Favorite Futures: E-mini S&P 500
 
Posts: 753 since Aug 2010
Thanks: 448 given, 433 received

ES Trades


Well, I wish I could say I did better or even as good as I did on the CL. I got hammered, after about the third trade I told myself that this market is going to trend down most of the day. But I couldn't find an entry that looked like it had good probability. So what do I do? Traded stupidly and broke too many rules. Continue CT traded off the LOD, over traded 18 trades altogether. And just poor money management. A beginner could have done better. I'm so discussed with myself today. I had a good month started and now it's all thrown away. I still haven't fixed ME yet.

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  #64 (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: 29,357 given, 83,238 received

The important thing is to identify the problems and then actually work to address them, instead of dooming yourself to repeat them.

I encourage you to focus your energy and efforts on one or two things at a time. Grade yourself daily on these things. Come up with behaviors or steps or rituals to help you follow the rules and avoid the problem areas. Your daily journal should include how you've dealt with these on a daily basis.

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.

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  #65 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
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Posts: 2,119 since Jun 2009
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itrade2win View Post
This is why I don't like over trading. I was +93 ticks on two trades and lost it and some. Made one last trade and recovered and ended up +6 ticks. I started not looking at my PnL until later in the day, but I should have realized two nice winning trades had me in the money a good amount.

Cheers
Ryan

Hi Ryan,

I couldn't help but notice that you were trading right in the middle of news events......is this your MO?

Jeff

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  #66 (permalink)
Student Of The Markets
New York
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Favorite Futures: E-mini S&P 500
 
Posts: 753 since Aug 2010
Thanks: 448 given, 433 received


Big Mike View Post
The important thing is to identify the problems and then actually work to address them, instead of dooming yourself to repeat them.

I encourage you to focus your energy and efforts on one or two things at a time. Grade yourself daily on these things. Come up with behaviors or steps or rituals to help you follow the rules and avoid the problem areas. Your daily journal should include how you've dealt with these on a daily basis.

Mike


Hey Mike,

Thanks for the feedback. Yes, I am very through with my excel spreadsheet journal and I do grade myself. I know I must of sounded hard on myself, but I do focus on corrective measures with my errors and mistakes. That's all I focus on is improving me.

Cheers
Ryan

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  #67 (permalink)
Student Of The Markets
New York
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Favorite Futures: E-mini S&P 500
 
Posts: 753 since Aug 2010
Thanks: 448 given, 433 received

CL Trades

I continued focusing on trading the CL market, sim of course. And ended with 5 trades for +6 ticks. I took a pre-market trade for +23 ticks and after the open I took a big loser, then a small loser, a small winner and then a +27 tick winner. The 25 tick loser could not be helped, price just spiked up against me.

I am focusing a lot on my thoughts and feeling during a trade and what I am saying to myself when a trade goes against me. At times I second guess myself and then I question my entry; was this a good setup? I look for reasons to stay in the trade instead of reasons to get out. To me, this is of up most importance.

I'm really liking this market much better than the ES and will practice for the next week or two. When I feel confident and am consistent on sim then I will go live.

I did not trade yesterday, I was gone most of the day out of town.


Ryan

Attached Thumbnails
itrade2win's Trade Journal To Success-ninjatrader-trade-list-10_19_2010-10_19_2010.jpg   itrade2win's Trade Journal To Success-ninjatrader-performance-report.jpg  

Last edited by itrade2win; October 19th, 2010 at 08:26 PM.
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  #68 (permalink)
Student Of The Markets
New York
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Favorite Futures: E-mini S&P 500
 
Posts: 753 since Aug 2010
Thanks: 448 given, 433 received


Jeff Castille View Post
Hi Ryan,

I couldn't help but notice that you were trading right in the middle of news events......is this your MO?

Jeff


Hey Jeff,

Yes, I do trade in the middle of news sometimes. I watch the DOM, T&S and the rejection of price on the chart to determine if I take the trade or not, I have been very successful in these trades.

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The following user says Thank You to itrade2win for this post:
 
  #69 (permalink)
Student Of The Markets
New York
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Favorite Futures: E-mini S&P 500
 
Posts: 753 since Aug 2010
Thanks: 448 given, 433 received

I had to leave around 11:00AM to help a family member this morning and I have never done well whenever I have to leave for awhile and then come back. It does something psychologically that I have missed a good trade and when I come back I get impatient. When I go back to "Live" trading I will prolly make it a rule not to trade before I leave and maybe for the day.

What I saw as the best trade of the day was the close of the 10:30 bar which was the oil report and I like waiting for the candle to close before I pull the trigger. But the next candle came down to the EMA and then shot right up for well over 100 ticks and no where to get in. I'm not sure if anyone would have risked going long on the 10:40 candle, that is kinda far from the EMA.

I have attached my excel spreadsheet journal and have a marked up chart for review and if anyone would like to comment please do. especially on the ss I took. And I would like to know if anyone went long on the open of the 10:35 candle?

Thanks
Ryan

Attached Thumbnails
itrade2win's Trade Journal To Success-ninjatrader-chart.jpg   itrade2win's Trade Journal To Success-ninjatrader-trade-list-10_20_2010-10_20_2010.jpg   itrade2win's Trade Journal To Success-ninjatrader-performance-report.jpg  
Attached Files
Register to download File Type: xlsx My CL Trade Journal.xlsx (12.9 KB, 7 views)
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  #70 (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: 29,357 given, 83,238 received


You should trade sim exactly how you intend to trade cash. Exactly.

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

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