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another problem was keep my stops too tight, given the range I got shaken out...only to see it go higher and higher, my stops were not adequate. I traded mostly 1 or 2 contracts, or 1 contract and scale in/out.

I traded the long side, a few shorts but all failed by stopping out, again discipline remained a challenge, when price is trending in a channel, channels can continue for a long time, only 2nd confirmation of channel brake can be considered a possible bigger pullback if not a reversal, however...

Did not trade yesterday, small win on Tuesday, today kept swinging from small wins to small losses. Total 16 ES contracts traded and 3 rounds on YM. Wheat and Crude were good short candidates but passed on those trades to maintain focus on E-Minis. Discipline remains a concern and...

Maynot be main reason but certainly might have contributed. Any trader knows that...it was general comment

I started actively trading about 10 years ago, I lost money consistently for the first several years later becoming a break-even trader, eventually I started taking money from the money. Since you asked - specifically with futures - it's a zero sum game, no dividends, no new products for impact...

True on all counts, but opening this tread helping me put some things in writing and reflect on things...I plan to write my observations, trades, losses, etc...

Everyone's approch is different, I do not trade large number contracts, I do add to my positions and sometimes do hold smaller positions overnight. such draw down unusual my style of trading and money management. Regarding SF weather...Mark Twain once said "The coldest winter I've ever known...

in 2013 I performance better than all 3 indexes (ES, YM, NQ). 2014 losses were due to being on the wrong side and yes, mostly getting stopped out due to change market structure

I do establish macro view/trend and try to stay in its direction but you must remember coming to the market with some preconceieved notion can cause more harm if market does not do what you "expect" it to do since...you should expect anything. I keep longer term view in mind but I do trade...

You are correct, I should've been short the market in the first hour or so...but I failed simply put, I kept betting on reversal instead of shortly each small rally and pop...but I did not. Anyway, I am not making excuses or justify my action...just doing analysis.

Agree, hence I stopped trading everything except for E-Mini futures, YM, ES, NQ again, I agree, hence on Jan 20th I suspended all trading in client accounts, and have not traded in client accounts so far in Feb.

Thanks I am not a reversion to mean trader, just directional. For instance today's you could've shorted around 7 AM PST and add to your shorts throughout day as trend was clearly down.....but I did not ...

I trade stocks in my other longer term account but not here, it's primarily futures so leverage huge as it is

I trade 100% price action, besides EMA no other indicator, one way to describe I am trend trader, directional trader but have been making every single mistake possible such as trying to guess the top or catch the bottom. Though I know damn well you can't short the top without clear...

One of the contributing factors in early January was trading too many things. I primarily trade E-minis, specifically ES, YM, NQ but in January I traded Gold, Crude, Corn, Soybeans, miniGold, miniCrude, ... trying to jack of all trades...but ended up being master of none.

I am trying to re-evaluate my trading and throughout the process I am both confused and disappointed. As my losses in the first weeks of January piled up quickly I did a few things: -cut position sizes in half -then cut further to half of half -on January 20th, I suspended all trading in client...

I've been reading some journals for years, many beneficial some entertaining. I wanted to start this thread as way for me to stay active with my trade journal and put my numbers and theories out there. I am 100% discretionary trader, I trade primarily futures, I am no CTA but am managing...