AJ's Journal - Trading Journals | futures io social day trading
futures io futures trading


AJ's Journal
Updated: Views / Replies:56,544 / 736
Created: by tderrick Attachments:320

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 90,000 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 dont 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
 320  
 
Thread Tools Search this Thread
 

AJ's Journal

  #41 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

Back At It

Got tied up this morning with the horses...

Back at the screen now... Two for two today....

Let's see if we can make it three....

Oil bounced back I see..... hmmmmm


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
The following user says Thank You to tderrick for this post:
 
  #42 (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: 29,354 given, 83,237 received

Sim trading has its usefulness. But it doesn't matter if you sim trade for 30 days or 300, if your risking much more than 2 to 3% per trade and you have not previously established yourself as a veteran in this field, well, its not a good idea to say the least. You simply cannot control what happens next. All you can do is pull the trigger and focus on execution. Your account must be properly capitalized to get you through drawdown periods that are out of your control, plus you also must have enough capital so when you screw up the execution -- which is going to happen for a long, long time -- you have enough money in the account to keep going.

Bottom line, some have said 10,000 hours and I think that makes sense. Many say 2-3% risk per trade, and I agree. Yet so many ignore these things thinking they can do it better. Then they go broke and go away.

AJ, regarding which instrument to trade, some have suggested spot forex for a smaller account. I've suggested just swing trading equities if your account is small, so you can get the live practice of live trading, working on your execution and psychological conditioning, but keeping with the 2-3% risk limits.

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
The following 3 users say Thank You to Big Mike for this post:
 
  #43 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received



Big Mike View Post
Sim trading has its usefulness. But it doesn't matter if you sim trade for 30 days or 300, if your risking much more than 2 to 3% per trade and you have not previously established yourself as a veteran in this field, well, its not a good idea to say the least. You simply cannot control what happens next. All you can do is pull the trigger and focus on execution. Your account must be properly capitalized to get you through drawdown periods that are out of your control, plus you also must have enough capital so when you screw up the execution -- which is going to happen for a long, long time -- you have enough money in the account to keep going.

Bottom line, some have said 10,000 hours and I think that makes sense. Many say 2-3% risk per trade, and I agree. Yet so many ignore these things thinking they can do it better. Then they go broke and go away.

AJ, regarding which instrument to trade, some have suggested spot forex for a smaller account. I've suggested just swing trading equities if your account is small, so you can get the live practice of live trading, working on your execution and psychological conditioning, but keeping with the 2-3% risk limits.

Mike


Thanks, Mike... I am working the sim with 2% risk, exactly as I will be trading come January. I am not changing
anything in my trading style just because I am in Sim.. I feel confident enough to trade live again now, but I am
taking your advice and building up a decent account. Hopefully, I will be able to trade 1%, if my savings
go as planned... But, what goes as planned!!!

I like the way oil moves... I'll give it a shot...


I'm close to 2K hours of screen time at this point... The problem is they have been spread across too many markets, searching for one I feel comfortable with. After three months of studying oil, I'll be ready.


We just brought two new puppies home and I'm here alone... I'm done for today.. Up $187 Sim


Let's see what those puppies are into now...


More screen time tomorrow.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
The following 3 users say Thank You to tderrick for this post:
 
  #44 (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: 29,354 given, 83,237 received

AJ, glad to see it.

You mention a good point about 2k hours. A trader who changes his chart once a month for 10 years only has 30 days of experience with his chart

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
The following 3 users say Thank You to Big Mike for this post:
 
  #45 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received


Big Mike View Post
AJ, glad to see it.

You mention a good point about 2k hours. A trader who changes his chart once a month for 10 years only has 30 days of experience with his chart

Mike


Thanks, Mike... hang with me. I'm not going anywhere and I have plenty of time. I love my present career,
but there is something about the technical nature of trading, I just can't let go of.

The same thing happened when I first saw a recording studio. It picked me, I didn't pick it.

...same thing happened with trading. I saw a killer documentary on PBS about trading vs long term
investing. Something about sheep... was the theme... Don't follow the crowd.

As soon as I realized it was computer based and the market actually looks like audio wave forms, I
was hooked.

This is the perfect second career for me after I'm deaf from cranking up those mains too much!! ; )

All I have to do is be able to see!! lol


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
The following 3 users say Thank You to tderrick for this post:
 
  #46 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

More Early Trading

I don't know why I keep waking up for the London session. There must be a Brit in my Lineage...


Market is pure sideways indecisive and treated me accordingly.

First two setups I didn't feel good about... two good trades (Not taking them)


Third setup I took and it went south quickly. Manual close. No need to hit stop when trade turns invalid quickly.

Trading this type of PA is 50/50... I will wait for some type of move, so at least I can trade with a trend or
bounce. Which, at least will give a 60/40 chance. And with a perfect entry point , maybe even 70/30...

I guess I'll have to wait for the Yanks today...

Down $46.40


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
AJ's Journal-10-7-5am.jpg  
Reply With Quote
The following 2 users say Thank You to tderrick for this post:
 
  #47 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

2nd Trade of the Morning

Thought I saw a break to prior resistance... wrong.

Market still too choppy...


Stopped out below MA ... I'm closing in on my Three In A Row rule.... Chopped up in the Chop!!


Emotions in check ... Allowing myself to channel the emotions from my live trading time to this SIM period
so I can practice control...



Down $132.80 No worries... 2% risk... These may have been classic SIM trades - ie No Real Consequence.
I don't think I would have attempted these with real $$... I tend to
get very picky with cash... need to get back to that mindset.
4 to 7 well place trades a day...
3 losers in a row... must be out of the Zone... stop trading.

alright let's wait for a move in the market...


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
AJ's Journal-10-7-630am.jpg  
Reply With Quote
The following 3 users say Thank You to tderrick for this post:
 
  #48 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

3rd trade of the morning

I missed the proper entry of this trade at 83.90 'cause I was out checking on the Puppies...

Just missed the pullback trade with an itchy finger... Should not have gone in late anyway...


3rd loss

out of my Main Sim Test account

Swithing to basic sim to practice entry points


All three of these today were bad, ill advised trades.....

Better execution in the morning I hope...



down $229.20 ..... no Worries



Still up for the week...


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
The following 2 users say Thank You to tderrick for this post:
 
  #49 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

3rd trade chart

oops.... here is the mistake...


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Attached Thumbnails
AJ's Journal-755.jpg  
Reply With Quote
The following 3 users say Thank You to tderrick for this post:
 
  #50 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

Last Trades for the day


Well.... Now I may have to re-think the 3 loss rule.


Made my money back just as the market is settling down to some chop again. 9:30am cdt


Down $44.80

I'll take that. knowing I was just stupid for trading the chop on the first two.

11 trades... More than I would ever take with Live money... Have to quit playing in SIM
It's hard to get those guts churning like when your in the real battle... Trying to channel the
pain I remember so it's more real....

It's hard to control emotions that aren't there...


Good lessons learned

Until tomorrow...


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
The following user says Thank You to tderrick for this post:

Reply



futures io > > > AJ's Journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
T's Journal Tmanbone Trading Journals 37 August 9th, 2012 04:52 AM
K.I.S.S. Journal Presto Trading Journals 39 October 7th, 2011 06:54 PM
Need Help with Journal Template grego Elite Trading Journals 2 August 14th, 2010 03:52 AM
G's journal gfg1 Elite Trading Journals 58 June 10th, 2010 02:31 PM
AR01 Price Area Journal (Not a trading journal) AR01 Emini Index Futures Trading 69 April 2nd, 2010 09:01 PM


All times are GMT -4. The time now is 11:51 AM.

Copyright © 2017 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
Page generated 2017-12-17 in 0.14 seconds with 20 queries on phoenix via your IP 54.90.92.204