Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now, It is Free
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 for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
FutureStradamus 20% return per month journal - PLEASE RATE MY TRADES
I'm new to the forum, I've been trading futures for a living "from my basement" for a very long time. 36 years old currently. I don't think I am the top best trader, but I think I definitely can fit into top 5% of all traders around the world.
I think it's time for me to get my skills rated objectively by people. And after Googling for some time, I think this "Trading Journals" corner of NexusFi is perfect for that.
I only trade Futures, Nasdaq, Dow, S&P, Gold, Oil mostly.
When I enter a trade I'm going to put up a post here e.g. "entering Nasdaq long at 15000.00" object price "15025.00". This post is never going to be edited.
When I have exited the trade either with a profit or a loss I'm going to write another post.
Please guys I cannot wait to receive some real feedback on my trades. So follow my thread and please rate my skills as objectively as you can. Thanks.
The following 4 users say Thank You to futurestradamus for this post:
hey guys, that was only my first trade posted, appreciate your interest.
If you keep following me you will see pretty soon that most of the times I come out of a trade with a profit, I do get it wrong of course, that is why I must get it right "most of the times" to make a living out of it.
For this specific trade I did not have a STOP, meaning I would have added another contract if it came down further. When I do have a STOP for a trade I will mention it in the posts.
Even if my 100% leverage allows me to buy e.g. 10 Crude Oil contracts, I usually enter with 1 initially. This is very important.
And I think it over at least 10 times before entering a trade so that means I don't enter a trade when I'm not confident enough, still sometimes losses are inevitable.
Regarding my objective price 83.33 here's my explanation:
Yesterday oil went up to 83.60 then came all the way down 80.10.
Let's just imagine yesterday oil would have gone up to maybe 85 without coming down. Still from my point of view I thought that somewhere around 83.5 +- 20ticks it would have met some resistance and would have stalled for a while. This is why I picked 83.33 as my objective price.
The following user says Thank You to futurestradamus for this post:
So you entered one contract in the mid 82s. Lets say oil keeps going down and you size up to full leverage. How do you know when to call it quits with that trade if it doesn't work out or would you just keep holding a loss until the end of day?
The following user says Thank You to blackgrey45 for this post:
Even if it keeps on going down, I would never size up to full leverage, that's gambling. Depending on how it moves I would decide to call it quits or not. I do a lot of times hold a position for more than a few days. You will see soon if you follow my trades.
The following user says Thank You to futurestradamus for this post:
EXITED: LONG AT 82.04, +100 ticks, $10 per tick, $1000 before fees and taxes
LOWEST PRICE DURING TRADE: 80.86, -18 ticks
TRADE TIME ROUGHLY: 14 hours.
I have to go to sleep, midnight here. I could just set MIT at the original target price which was 83.1, but then I decided it's better to go to sleep in peace.
Done for the day, will continue tomorrow.
P.s. Just as I was writing this post, it went up further to 82.24... erm I guess that's not mine.
The following 3 users say Thank You to futurestradamus for this post:
