Stockmuffin's Mental Jouney - futures io
futures io



Stockmuffin's Mental Jouney


Discussion in Trading Journals

Updated
    1. trending_up 1,424 views
    2. thumb_up 3 thanks given
    3. group 1 followers
    1. forum 3 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 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
 

Stockmuffin's Mental Jouney

(login for full post details)
  #1 (permalink)
StockMuffin
trinidad and Tobago
 
 
Posts: 2 since Oct 2010
Thanks: 1 given, 3 received

Hello Everyone, Welcome to my Journal

My plan was to trade ES, and branch out from there with other contracts.

I have switched so here is my plan as it stands:

Contract: NQ
# contracts: 3
stop loss: 5 ticks on all 3
First 2 contracts Target: 7 ticks
Third Contract Initial Target: 12 ticks (depending on the strength of move let run)

I have a tendency to over trade (account is too small for that), so I will look for 3-4 trades between 6:30am-9am. At 10am-12:00pm and 2:30-4pm look for 3-4 more trade setups.

Losses/Day: 120.00-150.00 approximately (3k*.04 - 05)

TICK GOAL/DAY: 20 ticks
* Thursday tick total: -12
* Friday tick total: +18

On my winning days I have averaged 75%, one of my worst days was 50/50(loss/win) no money management.

Trading Plan (still a work in progress), but so far...
Check higher tick charts to check trend from previous day and overnight session.
Draw trend lines.
Start looking for setups on my smaller tick chart
If my CCI is going in the same direction enter trade.

I am also contemplating using the indicators from emini watch. I put Better Volume on my chart for the first time, and although I am not totally versed in its function, it looks promising.

Once I figure out how to post my chart setup I will.

Thank you to all who will read this.

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

Can you help answer these questions
from other members on futures io?
Tick Data Group Buy
Emini and Emicro Index
Multidata
EasyLanguage Programming
Simpler Trading - Squeeze Pro indicator
Platforms and Indicators
Williams Fractal (NT8) indicator - Alert function implem …
NinjaTrader
Help with Scale In ATM strategy
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
108 thanks
Most Funding Firms are a Scam
52 thanks
How many day traders are profitable?
26 thanks
Hedging NQ and MNQ 1-10...
13 thanks
Prop Firm Combines Criteria
9 thanks
 
(login for full post details)
  #3 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,182 since Jun 2009
Thanks: 32,680 given, 99,542 received


Always glad to see a new journal

Looking forward to reading your posts.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #4 (permalink)
StockMuffin
trinidad and Tobago
 
 
Posts: 2 since Oct 2010
Thanks: 1 given, 3 received

1. Why am I overtrading. I put on 18 trades today...not good. The worst part is I was up 180.00, before 9:00am with 9 trades completed.

2. My win percentage 55.

3. I traded against the longer time frame trend. Most of the day the CCI on the 450 and 1350 tick charts were not in agreement and I entered the trades anyway.

4. When the NQ took its tumble, I froze, trying to figure where to jump, instead of just put a market order in.

5. My stop is probably to tight, so might have to go 2 contracts, and bigger stop.

Overall a bad day.

For tomorrow:
8 trades max, then turn to sim

Reply With Quote
The following user says Thank You to StockMuffin for this post:


futures io Trading Community Trading Journals > Stockmuffin's Mental Jouney


Last Updated on October 25, 2010


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