Watch Me Win - futures io
futures io



Watch Me Win


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one asyx with 53 posts (8 thanks)
    2. looks_two lightsun47 with 2 posts (0 thanks)
    3. looks_3 SomePsychoDude with 2 posts (1 thanks)
    4. looks_4 tr8er with 1 posts (0 thanks)
    1. trending_up 2,118 views
    2. thumb_up 9 thanks given
    3. group 4 followers
    1. forum 58 posts
    2. attach_file 24 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
 

Watch Me Win

(login for full post details)
  #51 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
 
Posts: 187 since Mar 2011
Thanks: 406 given, 142 received

stocks - after the recent plunge:

Adva optical: 5,8 %
Juniper: 3,9 %
Extreme Net: 4,2 %
Darktrace: -2,5 %
Siltronic: -1,8 %
Photronics: 11,8%
Atkore: 9,1 %
Supernus: 0,0
Westlake: 9,4 %
Jetblue: 1,9 %
Alaska Air: 6,8 %
iRobot: 1,0 %
Alibaba: 1,0 %
HIMAX: -11,0 %
CSI300: -2,6 %





asyx View Post
I hold the following positions at the moment:

Atkore: Valued at 7 EV to Earnings and 1,7 EV to Revenues. Electrification/ EVs is the driver. The company is cheaper to buy than Emerson or Schneider Electrics and like that.
Supernus: pretty profitable and a lot of cash -> Think acquisitions on the radar
Photronics: Valued at 13 EV to Earnings and 1,6 EV to Revenues. Revenues, Cash and margin improving. I think they finally hae their cost management under control.
Westlake: Valued at 9 EV to Earnings and 1,4 EV to Revenues. profiting from supply chain diversification. Margin inprovement impressing. Lots of cash -> Think acquisitions on the radar
Jetblue: very strong business execution but hated by investors
Alaska Air: very strong business execution but hated by investors
iRobot: bashed down, but there is a high probability that 4th quarter is quite strong
Juniper Networks: lots of Hedge funds gave in on this one...but it is still moving higher
Alibaba: tons over tons of cash, develops sucessfully semiconductors now, only bashed because of Chinese Government crack down...

....to be continued...


Visit my futures io Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
 
Best Threads (Most Thanked)
in the last 7 days on futures io
 
(login for full post details)
  #52 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
 
Posts: 187 since Mar 2011
Thanks: 406 given, 142 received

Master wldman once told me...and I paraphrase that a little bit....:

"...Bro. Why not look at a long-term chart?! - It's up uP UP..." and "...trade the Future against a basket of stocks..."


The old chap in "Reminiscences of a Stock Operator": "...It's a bull market..."


And someone else here on the forum (unfortunately I can't remember who):
"...Time in the market is more important than timing the market..."


Therefore to me it is important to understand what is driving the market in the long-run, to size the move and watch out for news which is impacting short-term market-sentiment.
Every now and then, when volatility is picking up, I reduce the risk of my portfolio and go short ETFs or the MNQ.
After the dust has settled, I work again on my Longs. If Volatility is low and stock-indices are trending up, I even make use of leveraged ETFs.

That's basically what I do.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to asyx for this post:
 
(login for full post details)
  #53 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
 
Posts: 187 since Mar 2011
Thanks: 406 given, 142 received


In the past I looked at 10y treasuries, VIX, Yen, High-Beta-stocks and that like to be aware of shifts between Risk-On / Risk-Off.

Recently I found it helpful to have a closer look into the cryptos.
You can get real-time data from Binance for free to power several trading softwares, like Multicharts, Quanttower.
It lately seemed to me, if liquidity and trading volume is getting low then we move into Risk-Off territory, which of course is impacting stocks.
Therefore I have to dig deeper into this topic.




asyx View Post
Times when Bitcoin deliveres uncorrelated performance seem to vanish.
Bitcoin seems to morph into something that has very high Beta and lots of ugly drawdowns :-(




Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #54 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
 
Posts: 187 since Mar 2011
Thanks: 406 given, 142 received

NQ:






asyx View Post
After the dust has settled I buy some back, just in case there is some rebound.

But overall my stats make me believe, that the next few day are more red than green.


Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #55 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
 
Posts: 187 since Mar 2011
Thanks: 406 given, 142 received


Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #56 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
 
Posts: 187 since Mar 2011
Thanks: 406 given, 142 received

I like that one:


Intrepid View Post
Hi OG65,

Let's see if I can help a bit. Here are some thoughts:

1) What market are you trading? Hopefully, it's just one. That's because each market (whether it's the ES, Gold, the Russell, e-mini Dow, etc) has it's own "personality" ... and while it's true an EXPERIENCED price action trader should be able to trade any chart, it's also true that some of the most successful traders in the world SPECIALIZE and trade only "1" ... that way, they learn that market with all its individual quirks, inside out. (You don't want to be a "jack of all trades - master of none). Once you get experienced - THEN - maybe consider trading multiple markets - just don't switch from market to market throughout the day looking for trades - that's not going to serve you well.'

2) Now... let's talk markets. IF you're trading the ES (e-mini s&P 500) ... you probably shouldn't be. Yes, it's can great market (I personally like trading it) but it's not necessarily the best for beginners. That's because when you trade the ES you are trading against the most experienced & best traders in the world and they absolutely will take your money all day long. You're also trading against high speed algos. There are (in my opinion) easier markets to trade. Similarily, I don't think the Russell or CL is good for beginners either. Markets you MIGHT consider: the Dow (YM), Gold, NasDaq. Don't get me wrong - there is no "easy" market ... you can (and will) get destroyed in any of them if you don't know what you're doing - but some are more brutal than others, at least in my opinion.

3) Risk vs Reward ... you're doing well going for 2.5 - 3x. I'm glad to hear you're not trying to scalp! In fact - don't scalp. At least not in the ES. Your much better off going for "swing trades" of at least 2:1 if not 3:1 or more. If you scalp, you're basically trading against the ALGOs* and they will eat you up. (Yes, I know it can be done, and I've done my share of scalping in the ES, but it is not something you should be doing at your level).

* Re: Algos, you are of course trading against them in the ES (and other markets) even when you're not scalping - HOWEVER - one of the nice things about Algos is that they're driven by math. And that makes price action somewhat more predictable. No - not perfectly predictable of course since not all algos will enter and exit the market at the exact same time - but enough do so that they make for some nice patterns. I don't try to trade "against" the Algos but rather trade "with them". I use a combination of price action and market geometry in my trading.

4) Context - context is critical. Where are you in the cycle? Is the market trending or is it ranging? Remember, the market spends it's time doing three things: 1) Breaking out 2) Trending and 3) trading in a range. 80% of the time, the market is in a trading range. Most beginners (and sometimes even experienced traders) get chopped up in trading ranges. That means most of the time, i.e. 80% of the time, you probably shouldn't be trading. When you have more experience, then you may consider trading ranges that are of decent size. How do you know where you are in that cycle? You look left. What has the market been doing up to this point in time? Learn to recognize trends ... and stay out of congestion.

5) S & R - generally, you want to be buying at support & selling at resistance - I'm sure you know that. Hopefully you also know that S & R are usually "zones" and not lines. The market will often dip below that support only to rocket back up. This happens a lot in the ES. Why? A few reasons: one, the market looks for liquidity. The algos (and experienced traders) know exactly where inexperienced traders are placing their stops ... triggering those stops results in liquidity. What can help is to use market structure to protect one's position.

6) Entry Points. Candle stick patterns like engulfing patterns can be helpful BUT they are meaningless unless taken in context. For instance, taking a bullish engulfing entry signal in the middle of trading range is not likely going to end well.

7) Successful Trading is more than Price Action. It's also about:

a) Trade Management ... how you manage that trade once you're in it is critical. It's often summed up as take losses quickly, and let your winning trades run, but there's a lot more to it than that.

b) Discipline ... if you're over trading, that my friend is a "mindset" / discipline problem. You need to sort that out. WHY are you over trading? It comes down to emotion. Greed & Fear. It's critical you are DISCIPLINED when you trade. Have a system. Trade that system. There is never an excuse to do anything that violates your system - no matter how enticing a set-up may look. Fear of "missing out" causes a lot of traders to lose a lot of money. Don't worry about missing trades. There always another trade that'll come along. What's key is to follow your system. Don't have a working system? Develop one. And paper trade it until your confident. Then, when you're confident and feel ready - know this - you're still not ready, lol. Sorry, but that's reality. Once you finally go live ... trade SMALL. That's because no matter how good you do on paper, and how ready you think you are, live trading is a whole different animal.

Some of my most successful trades have come by SITTING ... and WAITING. Waiting for what? Glad you asked Waiting for the market to come to me. Never try and rush a trade or enter a trade just to "be in the market". Sit. Watch. Think. Be strategic in your approach.

What to study ... great question. You can study books. You can study courses. You can study this forum. You can study the market. You don't have to spend money to buy a course. Or you can. It's up to you.

The Market

Let's talk about the market first. One of the best things you can do is WATCH price action unfolding on a chart during the day. Whether it's a 5 or 6 min chart, a tick chart, whatever. The market is a great teacher. Look for traps - places you would've been caught on the wrong side of the market - and learn to recognize them. Some of us like to trade those traps on the other side Look for HOW the market moves. When you watch price action you'll notice the market tends to move in "2's" a lot. Look for 2 legged moves, and what happens at the end of that second leg. Look for measured moves (a second leg that matches the length of the first) and watch what happens there.


Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #57 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
 
Posts: 187 since Mar 2011
Thanks: 406 given, 142 received

Cryptos:

I am about to close this position, Perhaps I only leave a very small runner over the weekend:




asyx View Post
Bitcoin:

Together with some money of my brother:



Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #58 (permalink)
 asyx 
not important
 
Experience: None
Platform: not important
Trading: not important
 
Posts: 187 since Mar 2011
Thanks: 406 given, 142 received

VIX:

I begin to liquidate this position but still hope for an additional push with the Opening of US-stock markets:





asyx View Post
VIX:



Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #59 (permalink)
 Plankton 
Blacksburg, SC
 
Experience: Beginner
Platform: NinjaTrader
 
Plankton's Avatar
 
Posts: 20 since Aug 2019
Thanks: 45 given, 27 received

Hi Asyx!

I saw where you mentioned in another thread about you starting to trade the Eurostoxx50. It peeked my interest. I was wondering if you had any other thoughts on trading it and how it is going for you?

Thanks!

Reply With Quote


futures io Trading Community Trading Journals > Watch Me Win


Last Updated on January 9, 2022


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 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