Small losses...large gains...sometimes - Trading Journals | futures io social day trading
futures io futures trading


Small losses...large gains...sometimes
Updated: Views / Replies:8,886 / 107
Created: by Family Trader Attachments:17

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
 17  
 
Thread Tools Search this Thread
 

Small losses...large gains...sometimes

  #21 (permalink)
Elite Member
Palm Beach County
 
Futures Experience: Advanced
Platform: OEC about to change to Ninja
Favorite Futures: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 89 received


sysot1t View Post
why automate it with NT7, when you can for the same $$$ automate it with MC, and now with MC having chart trader and DOM on MC7 ... one does not have to do much of anything with NT7 unless one really wants to...

MC supports OEC without issues.. it supports Market/Limit/Stop orders natively, and OCO's programatically within MC...

so you can stay with OEC if they are reliable to you, and just pick MultiCharts... my 2 cents... and as a disclaimer, I own both NT7 and MC... and I find MC to be easier for simple coding and NT7 for very, very complex strategies... but keep in mind that C# is not all that fast, but it appears as your strat does not require speed of execution and analysis..

Thank you for the advice...will run it through OEC to make sure they support Multicharts...

Reply With Quote
 
  #22 (permalink)
Elite Member
Palm Beach County
 
Futures Experience: Advanced
Platform: OEC about to change to Ninja
Favorite Futures: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 89 received

March1

Ok..here is today's chart ,which is self explanatory.

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


Sorry, 2 to the left of box should be included


Last edited by Family Trader; March 1st, 2011 at 06:32 PM. Reason: update to correct
Reply With Quote
 
  #23 (permalink)
Elite Member
Palm Beach County
 
Futures Experience: Advanced
Platform: OEC about to change to Ninja
Favorite Futures: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 89 received



Family Trader View Post
Thank you for the advice...will run it through OEC to make sure they support Multicharts...


Lo and behold, my Broker, a decent guy, says NO...that is my aggravation with OEC...they seem to run off in tangents...love their platform as it is simple for the simple minded...BUT their support STINKS...!!!

I am seriously considering giving Mirus a chance unless I hear/read something untoward...

I don't have a lot of time to mess around as I want to set up automated sub accounts....and yet I am one step less than "dummies for auto trading"...2 left thumbs that have cost me over time...

Reply With Quote
 
  #24 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received

reality is that many closed platforms, OpenECry included, publish an API... TSS(MultiCharts) has supported OEC API for the past 4 years I believe.. you can go to their forums and check it out... even better, download their MC7 beta and test it out.. you will see how it works and test the connectivity before doing anything.. the beta is free for life... and for automated trading, the demo version is good for 30 days.

as to Mirus.. hmmm... they are a decent broker... I have used them... but they are not the best broker... I would rather recommend to you Velocity for their simpler account management features (very much like OEC platform) and also their tech support..... for the best pricing DeepDiscountTrading(CrossLand)... unless you want to go with Advantage Futures (but their account management platform is just awful)... another good account management platform is Vision Financial (Optimus is an IB for them).. their comms are ok..

anyhow, if you are truly not as computer savvy, please dont waste your time with NT7 & C#... stick to something like EasyLanguage(MultiCharts/TradeStation) that can be coded rather simply, but it is powerful enough to write anything complex... specially if you are using off the shelf indicators, etc. one does not really need C#...


Family Trader View Post
Lo and behold, my Broker, a decent guy, says NO...that is my aggravation with OEC...they seem to run off in tangents...love their platform as it is simple for the simple minded...BUT their support STINKS...!!!

I am seriously considering giving Mirus a chance unless I hear/read something untoward...

I don't have a lot of time to mess around as I want to set up automated sub accounts....and yet I am one step less than "dummies for auto trading"...2 left thumbs that have cost me over time...


Reply With Quote
The following user says Thank You to sysot1t for this post:
 
  #25 (permalink)
Elite Member
Palm Beach County
 
Futures Experience: Advanced
Platform: OEC about to change to Ninja
Favorite Futures: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 89 received


Family Trader View Post
Posting a journal covering a simple ES trading strategy that has a base 10:1 (win/risk) where the returns deminish over each loser in time .

I am computer illiterate so getting me to set up charts etc will be a challenge...

In the meantime, I can say the settings are a 5 point price range bar and an ema setting...that'it...

The average loss runs around 1 point...profit goal 10 points... Average trades per day varies between 3 and 6 .

After 5 consecutive failures will increase allocation by 1 contract...and every 5 consecutive losses will continue to add another contract.

Account adequately covers initial loss by approximately 480 times.

I shut down trade before close and re open...just a habit I have developed...can go for me as against me...

Downside... needs 23 1/2 hours attention!!!... and a lot of patience...and there will be times that I am going to be "lucky" by missing a trade as I can be very unlucky if it hits and I am not on it..I accept that.

ES market volatilty suitable for trading this method......not perfect..won't get rich ,but will be profitable..

In the meantime I trade ES and 6E ...maybe journalize a strategy in 6E at a later date...

To each his own, but if there is one thing I would like to say is that I have finally come to grips with being properly capitalized to trade...

Hoping journalizing will keep me focused and assist in maintaining discipline.

Trader


sysot1t View Post
reality is that many closed platforms, OpenECry included, publish an API... TSS(MultiCharts) has supported OEC API for the past 4 years I believe.. you can go to their forums and check it out... even better, download their MC7 beta and test it out.. you will see how it works and test the connectivity before doing anything.. the beta is free for life... and for automated trading, the demo version is good for 30 days.

as to Mirus.. hmmm... they are a decent broker... I have used them... but they are not the best broker... I would rather recommend to you Velocity for their simpler account management features (very much like OEC platform) and also their tech support..... for the best pricing DeepDiscountTrading(CrossLand)... unless you want to go with Advantage Futures (but their account management platform is just awful)... another good account management platform is Vision Financial (Optimus is an IB for them).. their comms are ok..

anyhow, if you are truly not as computer savvy, please dont waste your time with NT7 & C#... stick to something like EasyLanguage(MultiCharts/TradeStation) that can be coded rather simply, but it is powerful enough to write anything complex... specially if you are using off the shelf indicators, etc. one does not really need C#...


Again, thank you Sysot,

When it comes to computers I'm still as 'thick as 2 planks' ...trust me...but at the same time I understand what you are trying to say...

Crazy at it may seem, to be successful in this business (given the technology available) I HAVE to believe it is NOT a 'one army band'...

It seems to me that there are individuals that want be able to trade, but for God given reasons cannot, and yet have abilities that can support the trader...so would it not make sense for individuals to recognize their individual talents and combine them to achieve the 'common goal'...

Probably getting off track from what this journal is supposed to be about...and talking out of my butt...

Reply With Quote
 
  #26 (permalink)
Elite Member
San Diego, California
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: IB, OEC, Optimus, DDT
Favorite Futures: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 513 given, 157 received


sysot1t View Post
why automate it with NT7, when you can for the same $$$ automate it with MC, and now with MC having chart trader and DOM on MC7 ... one does not have to do much of anything with NT7 unless one really wants to...

MC supports OEC without issues.. it supports Market/Limit/Stop orders natively, and OCO's programatically within MC...

so you can stay with OEC if they are reliable to you, and just pick MultiCharts... my 2 cents... and as a disclaimer, I own both NT7 and MC... and I find MC to be easier for simple coding and NT7 for very, very complex strategies... but keep in mind that C# is not all that fast, but it appears as your strat does not require speed of execution and analysis..

Another choice is stay with OEC and use Sierra Chart.

Reply With Quote
The following user says Thank You to omaha786 for this post:
 
  #27 (permalink)
Elite Member
Palm Beach County
 
Futures Experience: Advanced
Platform: OEC about to change to Ninja
Favorite Futures: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 89 received

Thank you Omaha,

Will check that out too.

Trader

Reply With Quote
 
  #28 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received


Family Trader View Post
Crazy at it may seem, to be successful in this business (given the technology available) I HAVE to believe it is NOT a 'one army band'...

It seems to me that there are individuals that want be able to trade, but for God given reasons cannot, and yet have abilities that can support the trader...so would it not make sense for individuals to recognize their individual talents and combine them to achieve the 'common goal'...

I completely understand what you mean... there is no single man hedge fund... usually, not always, there are those with the capital.. then the traders with the ideas and abilities... the quants (which normally know how to program) with their ideas as well... the techies.. the backoffice people... and all together make the pie and put it in the oven.. each with its own specialized task... to make lots of $$$, it takes a team.

there are plenty of guys on this forum that might not have a strategy that would certainly love exchanging skills... and then there is the mighty dollar as well, since programmers are for hire..

so not crazy at all ..

Reply With Quote
 
  #29 (permalink)
Elite Member
Palm Beach County
 
Futures Experience: Advanced
Platform: OEC about to change to Ninja
Favorite Futures: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 89 received

Ok...we have new set up underway...I missed the first trade...but i still start from scratch. I don't particularly like Wednesdays or Fridays, but can only trade what is given as i have no idea of the outcome...

S130350

additional trades

L130375
S130300
L130300
S130200
L130325...got 'flipped'...and now series 2
S130275
L 130400


Last edited by Family Trader; March 2nd, 2011 at 11:35 AM. Reason: update
Reply With Quote
 
  #30 (permalink)
Elite Member
Palm Beach County
 
Futures Experience: Advanced
Platform: OEC about to change to Ninja
Favorite Futures: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 89 received


What a bummer...!!! I missed out by 1 tickand my other model, which is generally more erratic romped in...

S 130575...

L 130625

further update..

S130600..starting 3rd series
L130725
S130625
L130650

Overall losses very low...


Last edited by Family Trader; March 2nd, 2011 at 04:16 PM. Reason: update
Reply With Quote

Reply



futures io > > > Small losses...large gains...sometimes

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Europe Set for More Losses on Huge Day for Earnings Quick Summary News and Current Events 0 July 28th, 2011 03:20 AM
Price Gains Limit Spending Despite Gains in Income Quick Summary News and Current Events 0 May 27th, 2011 10:00 AM
effect of gains and losses of previous day on next day tradersam Psychology and Money Management 2 May 18th, 2011 04:35 PM
LAW OF LARGE NUMBERS tigertrader Psychology and Money Management 15 December 28th, 2010 02:51 PM


All times are GMT -4. The time now is 08:55 PM.

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 2017-12-11 in 0.17 seconds with 20 queries on phoenix via your IP 54.83.122.227