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


AJ's Journal
Updated: Views / Replies:56,517 / 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 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
 320  
 
Thread Tools Search this Thread
 

AJ's Journal

  #641 (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

Update

Well. It's been quite a little journey I've been on these last few months.

After having an uncle and one of the best dogs I have ever owned, pass away from old age, something came over me
telling me it was time for a change. I sold my stake in the studio and became a purely free lance engineer - working
on only the projects I WANTED to work on.

I embraced my trading with a new found gusto I had only experienced when I was young man starting out in the music industry.
Around the clock - eating little and sleeping less. Only live trading. Taking only the setups I had watched developing for
sometimes hours.

So, it looks like I'm well into my second career. The training is over and I am now a journeyman. The learning is never over, of course, as there are always new, subtle little wrinkles in the markets.

I have started a new technical journal, which is merely a folder on my computer desk top containing screenshots of
PA tendencies. This is the only edge I have. Tendencies. If price moves in one fashion, a certain result is expected.
I am a reversal trader. Whether it be micro or macro in scale. There is a point in every Price move where the other side
takes control. My job is to know EXACTLY where this is. Within 5 ticks for lighter volume and 10 ticks for high volume.
This is the point of maximum RR. Is this not our goal as traders? With my, now, years of screen time with Japanese Candlestick patterns and freshly armed with the wonderful MP DOM and Reconstructed Tape from @DionysusToast
at Jigsaw trading (thanks for all your help, Pete), I can make very astute bets at these areas.
Stops are tight and targets could be hundreds of ticks away.

All my trades start with one car and the farthest reasonable target. I take what the market gives. Many times it is
just a scalp. less times a BE, but rarely a full stop out. But sometimes I get in at ground zero on a perfect trend. Wonderfully spaced HH's and HL's scaling in at every PB until I reach the main destination.
There is no better feeling than having two or three cars locked in with a little profit and looking to add more.

So each weekend I browse through the screenshots I have saved, absorbing the little notes embedded in each.
What is the best way to enter on an extreme BO? Yes, my days of watching them pass are over - too afraid of the
massive volume to enter - the DOM and Tape screaming past in capitalistic nirvana
.
What is the best way to manage a grinding trend or pure sideways consolidation? Light volume? Heavy Volume?
Normal Volume? News releases? The Open, The Close , Lunch time, after hours.

Each Volume set and time of day have their own character. It is now my job to find and document every nuance a market could possibly have and have a course of action for each.
I will not sit on the sidelines because I am UNCOMFORTABLE with the
market conditions.


So now that my most beloved study of the technicals update is over, it is time for me to discuss my least favorite thing.
Having to stay alive and healthy while trading.

I have come from perhaps one the most input intensive professions ( lot's of people, loud music , editing etc...)
to perhaps the least - no people, no conversation - just you and the markets. I must say. I went off the deep end a
couple of times and almost snapped.
The cause? Lack of nutrition and sleep.

When I was in the music business full time, food was either brought in, or I went out to eat. The portions were
substantial and I could reload my blood sugar to the max. Lack of sleep could be managed as long as you were
well fed.

When trading, time flies by so quickly, I forget to eat. Or, I just eat like a bowl of cereal or a protein shake ,
some nuts or dried fruit. Now, I'm not used to eating like Euell Gibbons. The resulting constant state of Lowish blood
sugar would leave me in a type of indecisive stuper - unable to pull the trigger on trades. I would let pefectly fine
setups come and go, only noticing in hind sight.


So the main purpose of this futures.io (formerly BMT) journal will now be to discuss how to live as a trader.

I'm thinking about breaking out the old crock pot and making meals that would last throughout the week.
That way, I could have at least one solid meal a day. I appear to need this.
I have come up with following. Pot Roast w/ potatoes and carrots
Beef Stew
Red Beans and Rice

These are the hardy type of meals I have eaten all my life.
Do you guys have any other crock pot ideas that are a little more modern and healthy ?
Or, actually any type of food that can be prepared in bulk batches.

If I'm away from the charts, I want to be either sleeping or outside with the horses.

...that brings up something else...

When do you sleep when the Asian, European and US markets have there own separate sets of opportunities?


So this is where I am.

How do you balance Life with Trading, the latter being my main career now, but the former in need of
keeping in a quality form to enjoy on'es time on this blue orb.

How do you keep yourself from going mad due to sensory deprivation. Will I become one of those
strange old men who go to town once a month for supplies and acts like he is about to have
a nervous breakdown from the sounds of the city?

I live in the country.
Deep in the country.
I rarely hear a car pass.
I never see another person except for my wife.

Although this was heaven for the first month or two, it's started to take it's toll. You simply start going nuts!!

So, in summation ....


The alure of trading is exciting and romantic to all who pursue it.

Be very careful what you wish for.
As with every profession, it has it's drawback's.
The reality of trading is that is more of a marathon and boring than Exiting and Romantic.

The benefits of trading for a living thus far? The income potential is massive.
I have saved Thousands of $$$ in gasoline by not commuting to Nashville.

The drawbacks to trading? ...... everything else.

As I learn to balance life with trading, I'm sure my viewpoint will improve.

All in all, for an old music guy, it's the perfect job.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
The following 12 users say Thank You to tderrick for this post:
 
  #642 (permalink)
Elite Member
Tampa, FL
 
Futures Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 6E, M6E, 6J
 
Xav1029's Avatar
 
Posts: 1,374 since Dec 2011
Thanks: 1,452 given, 3,354 received


Congrats on the big move AJ

London Calling
Reply With Quote
The following user says Thank You to Xav1029 for this post:
 
  #643 (permalink)
Elite Member
mumbai maharashtra/india
 
Futures Experience: Beginner
Platform: Ninja
Favorite Futures: Crue/Tf
 
jinhar's Avatar
 
Posts: 289 since Jun 2009
Thanks: 23 given, 762 received


I used to trade same way at the start 4 years back trading whole day watching screens every few mins the low point was when i was sleep i used to have screens open and used to wake up every hour or so just to check on the trade or worse not to meet one , thing was i got burned mentally physically it was just not working .. then i had to change to make trading work for me .. this is what i did ..

Shifted my trading time zones to fix 90 mins during London and 90 mins during us open that's it if i got a setup during those zone great if not moved on but majority of setups for swing happened during those time zones. Started using Limit orders for setups Which were setting up but not yet ready for execution.

Monitoring trades:- From watching trades every few mins i reduced it to watching Them every 2-3 hours .

Increased number of instruments i was watching so i could get more setups during my trading hours.

Also using price alarms might help you if you are scouting a certain price.

At start this will be tough specially because you are trading round the clock right now .. but this will increase ur profits and also improve your trading .. give it a thought

Regarding food :- Try to get more vegetables in your diet and also they can be steamed or cooked and stored for a week and also they are good meal in between trading.

I wish you all the best for this new path and hope you find your rhythm and make it work in a healthy manner .. Best of luck.

Jinhar


Last edited by jinhar; March 2nd, 2013 at 10:30 AM.
Reply With Quote
The following user says Thank You to jinhar for this post:
 
  #644 (permalink)
Capt. Johnny Jameson
Fort Lauderdale
 
Futures Experience: None
Platform: NinjaTrader 7
Broker/Data: CQG
Favorite Futures: ES
 
Devil Man's Avatar
 
Posts: 645 since Oct 2009
Thanks: 1,886 given, 901 received
Forum Reputation: Legendary

All the best!

AJ,

I want to congratulate you on your move to full time trader! That is amazing, following your dream, and turning it into reality!

...sounds like you will still have to find some balance though...have you thought about some exercise? (it really clears my head and gets all the screen funk flushed)...what about spending some time cooking more healthy meals, aside from the crockpot? (I usually prep my meals on sunday so I got most of the week covered and it's a great release... for me anyway) Most traders I know diets suck!
- this is not advice I am giving...just some thoughts on what has helped me when I am trading.

and I too am thinking of going the full time trader route. My 5 years of Afghanistan flying has come to an end...I truly love flying (and yes it was exciting to say the least) but I feel I'm ready for a new direction, tough to lay down your wings though I gotta tell ya.

Either way bro, I want to congratulate you and wish you all the best! I'm sure it was a tough, long and drawn out decision... I know you'll do great!

I have to get a futures.io (formerly BMT) plug in here too....all you need. period. I can't imagine trading without Big Mikes!

When you're the only gunner, stick to your guns.

AJ you're a RockStar!

Reply With Quote
The following 3 users say Thank You to Devil Man for this post:
 
  #645 (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

Thanks, guys... just the input I'm looking for.

I actually have more physical energy with the lighter, less caloric diet, but my brain fades more
rapidly. I just haven't found the correct foods yet.

My mind is my greatest tool now. I need to keep it well lubricated and
finely honed.

I have started Lumosity and actually see some improvement in mental tasks.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
The following user says Thank You to tderrick for this post:
 
  #646 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

Awesome stuff AJ, congrats on taking the leap both with the studio and your trading.

I wanted to mention the health issues. First I bought one of these, http://www.amazon.com/Nutri-Bullet-NBR-12-12-Piece-Hi-Speed/dp/B007TIE0GQ/ref=sr...8-1&keywords=nutribullet and started using it for breakfast and lunch. I started 30 days ago. Lost 10 pounds, more energy, and most importantly, my low sugar episodes disappeared completely. I have gone through a period of withdrawal from more sugary foods which caused some pretty severe headaches but those are almost gone now and I also find I don't need as much "regular" food when I do eat a meal. I hate cooking breakfast and fixing lunch every day and so this little machine has been a godsend. Easy to use, easy to clean.....I haven't missed the normal breakfast and lunch food either.

As to the rest, I suggest finding a hobby, take some classes, volunteering at the local shelter or food bank or perhaps your church...anything to get the focus of yourself and onto someone or or something else. I've also pretty much set my trading hours at the first 90-120 minutes of the day and thats it. It either happens or it doesn't. The rest of the time I go do something else. Otherwise you can spend 24/7 at the charts and thats not healthy from a number of perspectives.

Again, congrats, its been a long time coming....

Brian

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
The following 6 users say Thank You to PandaWarrior for this post:
 
  #647 (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

Congrats AJ! Bold move.

I made a similar decision around 6 years ago. I quit my very well paying, very "cushy" 7-year day job where I could more or less do anything I wanted as the VP. It was one of the most difficult decisions of my life, because I thought that job was too good to lose. But honestly, it was killing me inside instead. It turns out I really hated the job and once I finally got free from it, the change was nothing short of miraculous. I could really see what it was doing to me once I got far enough away from it.

I then started on the journey of truly learning who I was. It was a long and difficult journey but I wouldn't change a thing.

Good luck with your journey -- "journeyman"!

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 5 users say Thank You to Big Mike for this post:
 
  #648 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received


PandaWarrior View Post
Awesome stuff AJ, congrats on taking the leap both with the studio and your trading.

I wanted to mention the health issues. First I bought one of these, Amazon.com: Nutri Bullet NBR-12 12-Piece Hi-Speed Blender/Mixer System: Kitchen & Dining and started using it for breakfast and lunch. I started 30 days ago. Lost 10 pounds, more energy, and most importantly, my low sugar episodes disappeared completely. I have gone through a period of withdrawal from more sugary foods which caused some pretty severe headaches but those are almost gone now and I also find I don't need as much "regular" food when I do eat a meal. I hate cooking breakfast and fixing lunch every day and so this little machine has been a godsend. Easy to use, easy to clean.....I haven't missed the normal breakfast and lunch food either.

As to the rest, I suggest finding a hobby, take some classes, volunteering at the local shelter or food bank or perhaps your church...anything to get the focus of yourself and onto someone or or something else. I've also pretty much set my trading hours at the first 90-120 minutes of the day and thats it. It either happens or it doesn't. The rest of the time I go do something else. Otherwise you can spend 24/7 at the charts and thats not healthy from a number of perspectives.

Again, congrats, its been a long time coming....

Brian

I forgot to mention I still eat a reasonable meal at night. (Mexican, Pizza, etc.....) however, I can't eat near as much as before. I start a gym thing on Tuesdays and Thursdays this coming week as well. In some ways, not looking forward to it but at the same time, I think its gonna end up being really good for me.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
The following user says Thank You to PandaWarrior for this post:
 
  #649 (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 to Basics

************************ Trade Log ***********************

4-12-13 Market Replay



I'm running some MR this weekend to regain some confidence after a draw down week.
I'll post a few of these over the next few days to observe what I'm doing and perhaps get a few suggestions from the crew. After I think I've returned to the MOJO Zone, I will continue posting live trades to make myself more accountable.
I plan to have the psyche back in good form for live action again on Monday. I'm, also, not a afraid to pull the plug
if I have any lapse of confidence. My goal is to protect my account at all costs - even if that means taking some time
off.

This is my first Draw Down period and it is no picnic. My confidence has taken a hit and I've gotten a bit
moody.


I have been shooting from the hip and not logging trades or keeping track of anything I do, really.
That worked for a while, but I have become too haphazard in my approach and a bit too cowboy.
So, I think, coming back to a Log / journal will slow me down a bit if only for the reason as I will take less
trades as it is a PITA to type all this stuff in.

So, from now on, a reason for every trade that is a bit more strategic and switching the focus back on catching
the moves within a Range.


Total Trades Winners Full Stop Partial Stop BE
6 5 1

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



Trade 1

Entry on PB to vwap / ma confluence
Scale in on favorable signs. I can never resist a small doji star in the ETH
Car 1- 5 ticks
Car 2- 7 ticks





Trade 2

Limit order placed at LOD after POC shift down and chatter on DOM / also CPivot
Target- top of current range and then observe PA
8 ticks



Trade 3

I'm just can't pass up a scalp of a Doji wick / exit at DOM cue
6 ticks



Trade 4

Long on logical PB for a reversal / DOM - PA - SR line confirmation
Stop moved tight - 50 / 50 area
Good move signals target move to strong test of vwap / hourly chart PA zone
No hesitation at vwap cross / target move to DP
8 ticks locked in

Jeez I miss PA like this.... This week was tough. I may just sit out more in the future and wait for
lovely, readable PA like this.

DP hit - 21 ticks

Price moves through DP - rats ... maybe my nemesis of an early exit.
No - price pulls back a bit
I have yet to master exits
This One was handled nicely with Good PA and the pressure off



Trade 5

A great PB to vwap / ma / wick formation confluence.
Looking for larger target with this, perhaps being a real PB of a larger move.
Y-Close target
BE +1 as price approaches DP
1 point locked in on break of DP
Y close crushed and stopped out on PB of touch of Y close

4 and half points or so



Trade 6

Reflex entry on PB to Y close / Y High target
Hourly SR may stand in the way
BE +1


Big Volume comes in - Top of the range - sellers
POC shift up
could be the end of the line
giving stop a bit more room in case of test of Yclose
PB appears natural
stop should be safe if continuation
3:22am cst - London town in full swing
stop 2 ticks below Y close in jeopardy
test of Y close

stopped out -3

I should have played the top of the range for a stronger Pull back and gone short.
signs- POC shift with huge volume / top of range


That's good for today .... good confidence builder with a perfect daily target goal
Let's try again tomorrow






Trade 7



Trade 8



Trade 9



Trade 10


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
The following 4 users say Thank You to tderrick for this post:
 
  #650 (permalink)
Elite Member
London, UK
 
Futures Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker/Data: IB/IQFeed
Favorite Futures: EUR/USD
 
Adamus's Avatar
 
Posts: 1,085 since Dec 2010
Thanks: 470 given, 778 received



tderrick View Post
Jeez I miss PA like this.... This week was tough. I may just sit out more in the future and wait for
lovely, readable PA like this.

Hi AJ,

I think that must be the key, what you say there. It reminds me of a quote out of Market Wizards, something like "My job is to wait until I see cash lying on the floor, and then I go over and pick it up".

Good to see you're back on your journal again.

You can discover what your enemy fears most by observing the means he uses to frighten you.
Reply With Quote
The following 2 users say Thank You to Adamus 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 12:40 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 2017-12-16 in 0.20 seconds with 20 queries on phoenix via your IP 54.226.113.250