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Gerimo's trading journal
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Gerimo's trading journal

  #31 (permalink)
Elite Member
Hradec Kralove, Czech republic
 
Futures Experience: Beginner
Platform: NintaTrader 7
Favorite Futures: FGBL, ZB, ZN
 
gerimo's Avatar
 
Posts: 89 since Apr 2010
Thanks: 11 given, 59 received


Big Mike View Post
Good job posting a detailed trading plan.

Now, the execution.

As you journal, make sure you hit as many of these as possible:

- Journal every day you trade
- Post all your trades, not just your good ones
- Write down why you entered and exited a trade where you did as quickly as possible after taking the trade
- Grade yourself at the end of the day -- what did you do right, what needs work
- At the end of the week, go back and review the last 2 weeks of your journals. What areas are you doing good in, what areas are you doing bad in? Make sure you aren't going in circles.

Have a good weekend,
Mike

Thank you Mike!

Now I am not trading, because i have worries and not focus on trading. I have to make large backtest of my idea. I think, that 1st March will be back.

Again, thanks for support.

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  #32 (permalink)
Elite Member
Hradec Kralove, Czech republic
 
Futures Experience: Beginner
Platform: NintaTrader 7
Favorite Futures: FGBL, ZB, ZN
 
gerimo's Avatar
 
Posts: 89 since Apr 2010
Thanks: 11 given, 59 received

Hi everyone, I am back.

I have longer pause, because I didnt feel comfortable with trading plan above this. So i started at the and of february on new trading plan. It is still praice action. I have change only pattern and timeframe. This plan looks very promisingly. Plan is based on my strengths and cover weaknesses.

Well, on 1st august i want start with papertrading. Now I am working on finishing the plan and studying it.

The basic info about trading plan:

Pattern = H&S (next will be triangl - working on it)
RRR = 3,5
Risk = 50 USD + 10 USD slip,comm
Market = e-mini NQ
Timeframe = range 5 + range 15
Basic thought = On graph with range 15 i draw S/R, On graph with range 5 i look for pattern
Avg number of trades = 1,4 trade per week

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  #33 (permalink)
Elite Member
Hradec Kralove, Czech republic
 
Futures Experience: Beginner
Platform: NintaTrader 7
Favorite Futures: FGBL, ZB, ZN
 
gerimo's Avatar
 
Posts: 89 since Apr 2010
Thanks: 11 given, 59 received


Finally!

Finally I understand, that not about technical site of system. No! It is not about indicator, price action, etc.! Yes, I have heard about it lot of time, but two months ago, i completely get it!

All the rules are about:
1. Cover risk (security)
2. Trading without hesitation (confidence)
And the most important part FEEL COMFORTABLE with system.

Now i feel, that i could start with any system and in future (after fitting to my personality) make money with it.

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  #34 (permalink)
Elite Member
Hradec Kralove, Czech republic
 
Futures Experience: Beginner
Platform: NintaTrader 7
Favorite Futures: FGBL, ZB, ZN
 
gerimo's Avatar
 
Posts: 89 since Apr 2010
Thanks: 11 given, 59 received

Until i start with papertrading, i write methodology.

I will record my trading journal by camtasia recorder. So I will post here only some conlusion of this record.
I will post here my dialogs about premarket, my thoughts about market and my feelings from market.

Now I am preparing for papertrading (making checklist, preparing PC - reinstall windows, install software/drivers etc).

1st August comming...

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  #35 (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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received

Welcome back

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.

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  #36 (permalink)
Elite Member
Hradec Kralove, Czech republic
 
Futures Experience: Beginner
Platform: NintaTrader 7
Favorite Futures: FGBL, ZB, ZN
 
gerimo's Avatar
 
Posts: 89 since Apr 2010
Thanks: 11 given, 59 received

Hello everyone!

Since tomorrow I gonna start with paper-trading! I know, it is not August, but i finished work earlier, so I am ready now and I like say, what can you do today, do not do tomorrow! So, I am looking forward to see you here with my paper-trades!

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  #37 (permalink)
Elite Member
Hradec Kralove, Czech republic
 
Futures Experience: Beginner
Platform: NintaTrader 7
Favorite Futures: FGBL, ZB, ZN
 
gerimo's Avatar
 
Posts: 89 since Apr 2010
Thanks: 11 given, 59 received

Greetings!

Today was my thew first papertrading day.

My goal for the first month of papertrading is correctly record my paper trades and my analysis of market + making trading as rutine part of day.
The important point is, that i am not going to papertrade on friday for this month.

So, here my result of the first papertrading day:

Comments are in picture.

Thanks to today papertrading a i have discovered 2 mistakes.

1st I have to better describe my pattern with which one i will be better feeling.
2nd From the start of trading time I know, that there will be a valid entry signal... I must be neutral. If i think, there will be entry signal, so i will create it...

After all, I made many things good. Risk management, recording trading time, discipline, etc.

So, tomorrow will be next post

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Gerimo's trading journal-27-7-2011-19-18-34.png  
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  #38 (permalink)
Elite Member
Hradec Kralove, Czech republic
 
Futures Experience: Beginner
Platform: NintaTrader 7
Favorite Futures: FGBL, ZB, ZN
 
gerimo's Avatar
 
Posts: 89 since Apr 2010
Thanks: 11 given, 59 received

OK, here is my next papertrading day.

I made one bad trade, which advised me in one very important thing.

1st Must entry only with good RRR
2nd In my mind is conflict, if i see pattern which is not nice for me, but accord to rule it is valid. Then I am hesitating and thinking about entry/not entry and forget to look to next things... I am self-focused, not focus on market!

So i have to edit my checklist and rules... Today is last day of trading for this week. I will post here on Sunday.

Comments are in picture. Anyway, I make many things right. I was disciplined and if i realized, that i am wrong, I exit from market very quickly. I hope, next week would be better and I will not make these mistakes.

Have a nice weekend!

I must say, that I enjoy, if i see my mistakes, because I know, that through these mistakes i become succesful

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Gerimo's trading journal-28-7-2011-17-50-39.png  
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  #39 (permalink)
Elite Member
Hradec Kralove, Czech republic
 
Futures Experience: Beginner
Platform: NintaTrader 7
Favorite Futures: FGBL, ZB, ZN
 
gerimo's Avatar
 
Posts: 89 since Apr 2010
Thanks: 11 given, 59 received

OK, here is my weekend conclusion:

I have to improve two points:
1. Psychological - I have been afraid of miss entry signal. I am worring, that i miss prodit entry and then i entry to loss entry. This thing i perceive as a threat.
2. Knowledge of my entry rules is weak in aplication of papertrading.

These things are good:
1. Discipline
2. Systematic

So, for next week I want improve weaknesses and continue in strenghtes.

Solution of weaknesses:
1. Have to think, that 1 missed entry does mean nothing. Relax and wait for next nice entry.
2. More reading my entry rules!

If anybody has a proposal for solution, please write me here. Think you. See you here tomorrow!

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  #40 (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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received


The best advice I can give you is to pick just one or two things (no more) to work on each day.

At the end of Monday, decide what you will focus on -- one or two things only -- for Tuesday. Examples: over trading, moving stop, exiting too soon, not pulling the trigger -- whatever.

Then make two post-it notes and put them on your monitor with very short, very explicit reminders. Like "ONLY 3 TRADES TODAY!" or "DO NOT MOVE YOUR STOP NO MATTER WHAT".

At the end of the day, grade yourself not on the net profit of the day, but instead on how well you followed your own rules. Then decide what you will do tomorrow... etc.

By focusing on just one or two things, you create accountability. At the end of the day if you failed at these one or two things, the cause for failure is quite clear -- you -- so that is exactly what you need to do, what you need to create, in order to be accountable for your own trading. No more blaming the market, your software, your distractions, etc.

Slowly, over many weeks, as you get constant "A's" at the end of each day, you can add more and more things to your list for the next day.

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 user says Thank You to Big Mike for this post:

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