Trading the ES - Beginners Luck - futures io
futures io



Trading the ES - Beginners Luck


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one crazyjk with 21 posts (7 thanks)
    2. looks_two MNSTrading with 3 posts (3 thanks)
    3. looks_3 tr8er with 3 posts (6 thanks)
    4. looks_4 ferdinand911 with 2 posts (0 thanks)
      Best Posters
    1. looks_one tr8er with 2 thanks per post
    2. looks_two josh with 1.5 thanks per post
    3. looks_3 MNSTrading with 1 thanks per post
    4. looks_4 crazyjk with 0.3 thanks per post
    1. trending_up 1,132 views
    2. thumb_up 22 thanks given
    3. group 12 followers
    1. forum 32 posts
    2. attach_file 17 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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
 

Trading the ES - Beginners Luck

(login for full post details)
  #1 (permalink)
crazyjk
Sydney Australia
 
 
Posts: 22 since Jun 2021
Thanks: 7 given, 7 received

Hey Guys,

Been a lurker thought i would start a journal, Living in Australia and day trading our local markets for over 2 years and doing quiet well works become quiet busy so i got introduced to futures trading by a member of a discord as trading opens 11:30pm which suits me perfect.

Create a AMP account, 5th May deposit 2K proceed to lose 1400 that same night.. 2K deposit following night a small win followed by a small win the following night what happens over the next few weeks can only be described as a "Hot Streak" account grew to $32,000 in a month. I took profits along the way and with currency conversion to AUD it is quiet sweet.

Now i have withdrew most my capital as i am becoming quiet reckless i don't trade with stops i don't have a trade plan i do it all on feel and gut instinct.. i have left 2K in my account so lets make it a second month with big gains.

Reply With Quote
The following 2 users say Thank You to crazyjk for this post:

Can you help answer these questions
from other members on futures io?
EMA as a trailing stop
Traders Hideout
you cant wait for life is not hard anymore before you de …
Psychology and Money Management
ID Indicator ?
ThinkOrSwim
Price Action Swing Pro NT8
NinjaTrader
Using fxd files in FXCM trading station
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on futures io
The Beast Slayer, Lances NQ Trading Journal
46 thanks
Spoo-nalysis ES e-mini futures S&P 500
22 thanks
Michael Burry warns the Mother of All Crashes is coming
21 thanks
FairX is launching soon
17 thanks
Chart Trader Alternatives ?
14 thanks
 
(login for full post details)
  #2 (permalink)
 tr8er 
Market Wizard
Europe
 
Experience: Advanced
Platform: TradeNavigator, BookMap
Trading: ES, CL, 6E, 6B
 
Posts: 507 since Jan 2017
Thanks: 43 given, 454 received


crazyjk View Post
Hey Guys,

Been a lurker thought i would start a journal, Living in Australia and day trading our local markets for over 2 years and doing quiet well works become quiet busy so i got introduced to futures trading by a member of a discord as trading opens 11:30pm which suits me perfect.

Create a AMP account, 5th May deposit 2K proceed to lose 1400 that same night.. 2K deposit following night a small win followed by a small win the following night what happens over the next few weeks can only be described as a "Hot Streak" account grew to $32,000 in a month. I took profits along the way and with currency conversion to AUD it is quiet sweet.

Now i have withdrew most my capital as i am becoming quiet reckless i don't trade with stops i don't have a trade plan i do it all on feel and gut instinct.. i have left 2K in my account so lets make it a second month with big gains.

The result is great (congrats), but it sounds like an all-in strategy which worked well, but on the long-run it will not work, so it was a good idea to take the money and run

You know your problems: no stop and no plan, nothing is easier to solve issues like these, set stops, create a plan (and trade it) and grow your account again

Reply With Quote
The following 2 users say Thank You to tr8er for this post:
 
(login for full post details)
  #3 (permalink)
crazyjk
Sydney Australia
 
 
Posts: 22 since Jun 2021
Thanks: 7 given, 7 received


No denying a trading plan with stops and a strategy is the correct way to trade. Does it work for everyone? I don't know about that.

I am just starting out and getting my head around everything futures related. And growing a small account requires risk and some luck i guess.

Made 1 trade on open this morning took a short @ 4228.75 closed @ 4223.25.

Cant post screen shots yet as i need 5 post ill work on that this evening...

Starting Balance - $2063
Profit - $1100
Account sits at - $3163

Attached Thumbnails
Click image for larger version

Name:	ES Trade 1.JPG
Views:	40
Size:	11.1 KB
ID:	313680  
Reply With Quote
 
(login for full post details)
  #4 (permalink)
 tr8er 
Market Wizard
Europe
 
Experience: Advanced
Platform: TradeNavigator, BookMap
Trading: ES, CL, 6E, 6B
 
Posts: 507 since Jan 2017
Thanks: 43 given, 454 received


crazyjk View Post
No denying a trading plan with stops and a strategy is the correct way to trade. Does it work for everyone? I don't know about that.

I am just starting out and getting my head around everything futures related. And growing a small account requires risk and some luck i guess.

Made 1 trade on open this morning took a short @ 4228.75 closed @ 4223.25.

Cant post screen shots yet as i need 5 post ill work on that this evening...

Starting Balance - $2063
Profit - $1100
Account sits at - $3163

Again, a great result.

You trade 4 contracts on a 2k account? I guess your margin is $ 500.--/contract ES. It seems the trade went straight in your direction. If the trade would just go 1 point or less against you, you get a Margin Call. I hope you know that.

Reply With Quote
The following 3 users say Thank You to tr8er for this post:
 
(login for full post details)
  #5 (permalink)
crazyjk
Sydney Australia
 
 
Posts: 22 since Jun 2021
Thanks: 7 given, 7 received

My broker is AMP futures margin is $400 per contract so not too bad.

Got to take some risk to grow the account once we are at 6K we will have some breathing room.

Reply With Quote
 
(login for full post details)
  #6 (permalink)
 MNSTrading 
Grand Rapids, Michigan
 
Experience: None
Trading: Commodities and Russell
 
MNSTrading's Avatar
 
Posts: 158 since Nov 2015
Thanks: 59 given, 317 received

I did the same thing five years ago, started with 10k and had 30K in 2 weeks.
It was absolutely beginner's luck. It lasted maybe another week I want to say.

Go to the micros, please, a dollar a tick. You'll be so much happier later on.
As was said above, luck only holds for so long.

Coming, they can't be denied. Going, they can't be detained.
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to MNSTrading for this post:
 
(login for full post details)
  #7 (permalink)
 TraderTS 
Texas, USA
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: AMP Futures w/ CQG Data Feed
Trading: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
 
TraderTS's Avatar
 
Posts: 445 since Jul 2014
Thanks: 261 given, 375 received


crazyjk View Post

Now i have withdrew most my capital as i am becoming quiet reckless i don't trade with stops i don't have a trade plan i do it all on feel and gut instinct.. i have left 2K in my account so lets make it a second month with big gains.

I was not going to share my opinion and consider your situation as "Beginner's luck!"
... until I saw your next post as below:

crazyjk View Post

No denying a trading plan with stops and a strategy is the correct way to trade . Does it work for everyone? I don't know about that.

I am just starting out and getting my head around everything futures related. And growing a small account requires risk and some luck i guess.

Made 1 trade on open this morning took a short @ 4228.75 closed @ 4223.25.

I have been there... done that... lost it ALL and more!
As a newbie, I've traded without STOP--bad habits in trading Stocks that took me years to learn to LOVE stop-loss when trading Futures and regain CONFIDENCE to become profitable again.

Have you ever traded during a Quarterly Rollover? or FOMC Meeting? or major News? ahh... Twitter?
Hmmm, your 5 points gain could be reversed to 50 points or 100 points LOSS and the four contracts without stops in a $2000 account... could be wiped out in nano-second if not in minutes.

Please take the time to learn to trade the "right" way appropriately!


Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to TraderTS for this post:
 
(login for full post details)
  #8 (permalink)
crazyjk
Sydney Australia
 
 
Posts: 22 since Jun 2021
Thanks: 7 given, 7 received

Interesting point of views and replies..

I was sensible and withdrew my profits before any sort of draw down.

But here to try grow a small account balance, i pick my spots and enter and don't trade just to trade.

Time will tell...

Reply With Quote
 
(login for full post details)
  #9 (permalink)
crazyjk
Sydney Australia
 
 
Posts: 22 since Jun 2021
Thanks: 7 given, 7 received

ES had so much potential today felt i didn't capitalise its full potential

Shorted from 4235 and a long position from 4220

1am here and struggling so off to bed zzzzzzzzzzzz

Proftit - 1387
Balance - 4531

Captureem21

Attached Thumbnails
Click image for larger version

Name:	image_501.png
Views:	31
Size:	13.5 KB
ID:	313727   Click image for larger version

Name:	image_296.png
Views:	31
Size:	13.5 KB
ID:	313728  
Reply With Quote
 
(login for full post details)
  #10 (permalink)
 elitecamper 
McAllen, TX
 
Experience: Intermediate
Platform: Multicharts, Sierracharts
Trading: ES, NQ, ZB, ZN
 
Posts: 56 since May 2013
Thanks: 73 given, 90 received


I wouldn't call it luck. Its more like skill because you are seeing the market with fresh eyes. What happens is we get lost and identified and start making poor trades. So the trick is to see the market with fresh eyes everyday. That involves trading and then forgetting about it until the next trading session. If you are always in the market and thinking about it night and day then you are lost.

Reply With Quote
The following 2 users say Thank You to elitecamper for this post:


futures io Trading Community Trading Journals > Trading the ES - Beginners Luck


Last Updated on June 23, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 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