NexusFi: Find Your Edge


Home Menu

 





Like a turtle to his balcony...


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one GaryD with 1,625 posts (688 thanks)
    2. looks_two josh with 67 posts (106 thanks)
    3. looks_3 greenr with 51 posts (53 thanks)
    4. looks_4 Deucalion with 28 posts (77 thanks)
      Best Posters
    1. looks_one Deucalion with 2.8 thanks per post
    2. looks_two josh with 1.6 thanks per post
    3. looks_3 greenr with 1 thanks per post
    4. looks_4 GaryD with 0.4 thanks per post
    1. trending_up 281,869 views
    2. thumb_up 1,158 thanks given
    3. group 36 followers
    1. forum 1,905 posts
    2. attach_file 1,043 attachments




 
Search this Thread
  #1881 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

I was not going to journal this week, and am still not going to post any charts, but something important about what I have been studying just hit me tonight.

I am very much a believer in "feeling" trading, and last night I just felt that price was weak. This morning gapped open, and I almost instantly wanted to sell it from the feeling I had the night before, but I waited for something on a chart to help confirm. I did sell CL around 106.50-106.60, but took the trade back off around 106.10. The LOD was closer to 105.70, and tonight price has dipped into the 105.40 area.

My plan for today was to hold until the close, but I did not make it. It was that the charts I watch said that the trend was still up, and I expected price to find support in prior "value". And it did find it, becoming choppy into the close aftrer the directional move to prior value. But the plan to hold went away as soon as I thought I had a reason.

So tonight, questioning the things that occured today, deciding for myself if what I did was wrong or right, I saw that it is much easier psychologically to believe in a trade's potential when price is moving out of value than when it is headed into it.

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Elite Trader Funding, Avoid?
Trading Reviews and Vendors
Pivot Indicator based on Level2 data
NinjaTrader
Forcing plots to disappear/reappear?
NinjaTrader
Radarscreen
TradeStation
Brendt Skorupinsky
Trading Reviews and Vendors
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
ApexTraderFunding.com experience and review
74 thanks
HumbleTraders next chapter
51 thanks
Winning attitudes create winning traders
39 thanks
Just another trading journal: PA, Wyckoff & Trends
36 thanks
Topstep experience and review
33 thanks
  #1882 (permalink)
 
KahunaDog's Avatar
 KahunaDog 
Hawaii at the beach
 
Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker: S5
Trading: ES, ZB fine alcohol and muscle cars
Posts: 549 since Apr 2013
Thanks Given: 1,168
Thanks Received: 412


GaryD View Post


Passing the torch...

hope your trading is going well. may the ticks be with you

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #1883 (permalink)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,312 since Jan 2011
Thanks Given: 6,871
Thanks Received: 18,512


Hope it's a good day for you @GaryD. Brent and WTI are just about back to parity, how about that!

Reply With Quote
Thanked by:
  #1884 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


josh View Post
Hope it's a good day for you @GaryD. Brent and WTI are just about back to parity, how about that!

In words of Lil Wayne, ..."I'm gonna need some more Ss"

Started this thread Reply With Quote
  #1885 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Detroit files largest municipal bankruptcy in U.S. history | Financial Post

Started this thread Reply With Quote
  #1886 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

I'm calling shotgun on the Great Double Top...





Started this thread Reply With Quote
  #1887 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

HOLD ONTO YOUR SHORTS is the best prison advice I know of.


Started this thread Reply With Quote
  #1888 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011



Already a big fan. I would prefer that he not sit on my laptop, but he just doesn't get it. He seems to think that if I have the computer with the big screens, that he gets the one with the little screen. He's my boy!

Started this thread Reply With Quote
  #1889 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

CL played out today perfectly. I did not trade it perfectly, but still a great day. Sold the open, held my short longer than usual, then in the afternoon bought into support. Great respect of levels, not a lot of waiting for any move, good straightline runs. That type of motion is what keeps me in CL instead of ES.

It is Friday, stayed off the journal this week, and I prefer it that way. I have done this long enough now that it is just a part of me. I think in "journal-speak", can analyze myself in real time quite often. But now that the skill is deeply understood, I think I am ending my trade journaling. I am expecting to start something new but not sure yet.

But the turtle balcony has gone back to where it came from, no where.


Started this thread Reply With Quote
  #1890 (permalink)
 GFIs1 
investigating the steal
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 2,196 since Feb 2012



GaryD View Post
...

But now that the skill is deeply understood, I think I am ending my trade journaling.
But the turtle balcony has gone back to where it came from, no where.


Hi Gary
Thanks for your inputs and a great journal. I see your point here to stop putting all
effort into a journal every day - it uses a lot of energy and time. The goal is to
focus on one's trading - and it helped for sure in many ways. With questions and
comments of futures.io (formerly BMT) members the look at the bigger picture makes that one wider.

There is of course a time to end that journey - and I was thinking exactly the same
to do with my daily journal which I had spent some hours into the last 18 months. In
fact I felt I was the only one here to announce every trade with start and stop time
before I started every trade - this handicapped my trading even a bit more ;-)
My goal was to show that some consistent trading can be made as long one is disciplined.
This step is fulfilled now too.

Wishing you a great trading future - and hope to read a lot of you again.
Happy sunny weekend
GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote




Last Updated on August 5, 2013


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts