Tuglife's trading journal. Focused on profitability. - futures io
futures io futures trading



Tuglife's trading journal. Focused on profitability.


Discussion in Trading Journals

Updated by Tuglife
      Top Posters
    1. looks_one Tuglife with 50 posts (41 thanks)
    2. looks_two tonybravo with 5 posts (4 thanks)
    3. looks_3 mcjackson with 2 posts (2 thanks)
    4. looks_4 josh with 2 posts (5 thanks)
      Best Posters
    1. looks_one josh with 2.5 thanks per post
    2. looks_two mcjackson with 1.0 thanks per post
    3. looks_3 Tuglife with 0.8 thanks per post
    4. looks_4 tonybravo with 0.8 thanks per post
    1. trending_up 3,548 views
    2. thumb_up 56 thanks given
    3. group 6 followers
    1. forum 63 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 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
 

Tuglife's trading journal. Focused on profitability.

(login for full post details)
  #1 (permalink)
Escondido CA USA
 
Experience: Beginner
Platform: Jigsaw Daytradr + Ninjatr
Trading: E-Mini ES
 
Tuglife's Avatar
 
Posts: 72 since Jan 2020
Thanks: 36 given, 55 received

Hi folks. Quick introduction about me and my trading experience. My name's Mike, and I have invested in stocks for about 10 years. I was doing research on how to play a market downturn and I discovered futures trading.

Through a simple Google search and Reddit thread I came across the names John Grady, No BS Trading, and Jigsaw Daytradr. I bought the Jigsaw Daytradr platform and training, NT lifetime license, and John's beginner Ebook.

I read John's book and went through about half of the Jigsaw training before i decided I was ready for live training. Mistake there, and I paid $1,100 in trader's education. Since then I have meticulously gone through ALL of the training I paid for, and have done a lot of sim trading. Since I am consistently profitable, I am ready to try live trading again with a focus on being profitable.

I trade the Emini with a depth of market, volume profile, swing chart, tick chart, and charts of the NQ and Russell. My style is very discretionary. My main setup I am looking for is a fading a spike off the top or bottom of the range. I'm looking for signals from the order flow and cumulative delta.

An interesting aspect to my trading is that I really prefer trading the ETH session. It feels like everything slows down to a manageable speed. It's harder to get good signals from the cumulative delta, but *very* easy to see when someone is pushing the market around and is running out of steam. That's when I like to jump in.

Reply With Quote
The following 3 users say Thank You to Tuglife for this post:

 
Best Threads (Most Thanked)
in the last 7 days on futures io
Are sharks watching on the other side?
52 thanks
Sierra Chart ACSIL for Beginners.
29 thanks
VWAP for stock index futures trading?
25 thanks
Earn2Trade (Helios) - "The Gauntlet"
21 thanks
FIO Journal Challenge - June 2020 w/SharkIndicators
15 thanks
 
(login for full post details)
  #3 (permalink)
Escondido CA USA
 
Experience: Beginner
Platform: Jigsaw Daytradr + Ninjatr
Trading: E-Mini ES
 
Tuglife's Avatar
 
Posts: 72 since Jan 2020
Thanks: 36 given, 55 received


First day of live trading was on Friday. I made 12 trades on the MES. Won 8 lost 3 with one scratch. I was patient looking for entries, and impatient on trade exit. My biggest mistake was trying to fade the big move from 3:00 to 3:30 lost 2 out of 3 trades including my biggest loser of the day. Down $10 for the day.

Areas of improvement include remembering to turn on my screen recorder. Trying to stay calm and confident. My heart was really pounding every time I got into a trade. Another mistake was letting my worst trade really move against me, with the rationalization that "I'm $50 ahead, I can afford to give this one leeway to get back onside".

Area of best performance was probably trade location. Winning 8/12 is a recipe for success if I can have the confidence to let the winners run a little more.

I will sim trade then live trade the ETH session on Sunday night/ Monday morning. If I have another losing day no matter how small I will take 2-3 days and exclusively sim trade.

Reply With Quote
The following 3 users say Thank You to Tuglife for this post:
 
(login for full post details)
  #4 (permalink)
Colorado Springs, CO
 
Experience: Advanced
Platform: MT4, Ninjatrader
Trading: CL, NQ, 6E
 
mcjackson's Avatar
 
Posts: 22 since Mar 2014
Thanks: 25 given, 101 received


Tuglife View Post
Trying to stay calm and confident. My heart was really pounding every time I got into a trade.

How are you planning on working on staying calm in trades?

(asking because it's an area I'm always working on and love hearing about other approaches!)

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #5 (permalink)
Escondido CA USA
 
Experience: Beginner
Platform: Jigsaw Daytradr + Ninjatr
Trading: E-Mini ES
 
Tuglife's Avatar
 
Posts: 72 since Jan 2020
Thanks: 36 given, 55 received

The most important thing is I know it will get better. The nervousness is partly because it's so new to me.

I am doing a little meditation. One subject I meditate on is missing trade opportunities. This is a big one because jumping into a trade just because I think I'm going to miss it is a bad idea, so I can't let that worry me. Another thing I meditate on is staying calm if the market moves against my trades.

Another thing I like to do is loosen up my jaw. Open my mouth an inch and take deep breaths. I know this sounds goofy, but Michael Jordan and Pete Sampras did this.

What do you do to keep calm, Michael? Is it working?

Reply With Quote
The following user says Thank You to Tuglife for this post:
 
(login for full post details)
  #6 (permalink)
Colorado Springs, CO
 
Experience: Advanced
Platform: MT4, Ninjatrader
Trading: CL, NQ, 6E
 
mcjackson's Avatar
 
Posts: 22 since Mar 2014
Thanks: 25 given, 101 received

I keep it pretty simple:

#1) I've got a picture of my family up on the wall, along with a little note I wrote to myself after a particularly bad day promising not to repeat it. Checking in with both as the computer starts up is a good little moment.

#2) Have you read Steenbarger's bit about an emotional "thermometer"? I took his concept and put it to paper, so I've got a physical page in front of me with a little game piece I use to mark where I am. The 3 options are "hot (negative) - cool - hot (positive)". If I catch myself outside of "cool", I physically get up from the computer, go make a snack or take a walk etc. "hot" works both ways - I'll start doing nervous things when I'm feeling "too" great and/or when I'm feeling angry/sad/etc. Happy to take a pic and send if this explanation sucks

In short, I've found the best things are preemptive. I agree with meditation, it's been a good discovery for me too. In general cutting out other stresses in life will help with trading stress. I can point to several periods where I underperformed because of a relationship, other business problems, health stuff, etc etc.

Thanks for sharing (I'll step back from your journal now!!). Best of luck with everything, I look forward to reading more!

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to mcjackson for this post:
 
(login for full post details)
  #7 (permalink)
Escondido CA USA
 
Experience: Beginner
Platform: Jigsaw Daytradr + Ninjatr
Trading: E-Mini ES
 
Tuglife's Avatar
 
Posts: 72 since Jan 2020
Thanks: 36 given, 55 received

Wow that all sounds good. I appreciate you sharing that. I suppose when I get past my "opening night jitters" I could move on to an emotional thermometer.

I have a question for anyone reading this. At the moment my style is short term scalper. More like ultra short term. I am trading the MES until I am consistently profitable in live trading. Does it make more sense to have a depth of market for the ES on my screen? The ES is kind of driving the bus in my mind. Of course I could be wrong.

Reply With Quote
 
(login for full post details)
  #8 (permalink)
london ontario
 
 
Posts: 25 since Jul 2015
Thanks: 6 given, 10 received

Hey Mike,

My thoughts are that is doesn't matter what you use. As long as you are comfortable and feel that it gives you an edge. Trading is very psychological. Those price movement describe the emotions of everyone involved directly or indirectly with the market. Considering that the movements of the MES (or any other market) is solely based on human emotions. That being said I've used market depth and felt that is has just caused noise for my brain. Play around with systems and indicators and get a feel for what you trade. When it comes to the tools you use to help interpret what the price charts are trying to communicate there is no right or wrong. Every one is different.

Good Luck

Reply With Quote
The following user says Thank You to Medge91 for this post:
 
(login for full post details)
  #9 (permalink)
Escondido CA USA
 
Experience: Beginner
Platform: Jigsaw Daytradr + Ninjatr
Trading: E-Mini ES
 
Tuglife's Avatar
 
Posts: 72 since Jan 2020
Thanks: 36 given, 55 received

The problem is that I primarily use the DOM and a split volume profile. The numbers are sometimes very different between the ES and MES, yet the price moves the same way. Since absorption at extremes is the most important thing for me, I want to make sure I'm trading off the best information.

I had a very good Sunday evening Sim trading. Tried to live trade the MES but looks like Ninjatrader has raised their margins.

Reply With Quote
 
(login for full post details)
  #10 (permalink)
Portland, ME
 
Experience: Beginner
Platform: Jigsaw, TOS, Firetip
Trading: YM, MYM, stocks, options
 
Posts: 22 since Feb 2020
Thanks: 4 given, 30 received


Welcome TUGLIFE!

Best thing I could suggest is to trade as little as possible, and pick a window of 2-4 hours max. Have a daily profit goal where you stop after you achieve it. I'm in it for the freedom at this point, and hate being too glued to my screen.

I keep a photo of my Son at my desk. It's him who reminds me that I can quit this business while I'm ahead if I need to, and that I don't need to push big trades. When I am distracted by him (toddler), I drop the business for the day to focus on spending time with him!

You've got a long journey TugLife. Hang in there and take it slow and make sure you have some emotional (and financial) support and backing. You can definitely become profitable and make it a career, so long as you don't set the bar TOO high. Be realistic and you got this.

Reply With Quote


futures io Trading Community Trading Journals > Tuglife's trading journal. Focused on profitability.


June 29, 2020


Upcoming Webinars and Events
 

Free BloodHound Licenses for everyone!

June
 

Every journal equals ten meals for the hungry

June
     



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