IncreaseNow's "Sell/Short" Futures Journal

I

increasenow

IncreaseNow's "Sell/Short" Futures Journal

**this is a real/live active trading journal. My futures account has been freshly funded with real $$$ and all trading is for real. No demo or papertrading**

Why not stocks? need too much cash

Why not options? clumbsy platform and takes a huge move in underlying to make real $$$

Why not forex? did not like the move down to 100-1 leverage and looks like heading to 10-1 leverage...oh boy. Also, do not like that there is one centralized exchange with actual transparent trading with actual volume reporting

Why "Sell/Short"? You must become a specialist to suceed...I believe I have better ability to perceive/discern "sell/short" set ups rather than "buy/long" set-ups...I have heard other traders mention this also...so, with the futures contracts I am trading there will always be at least one (most likely more) contract giving a strong sell signal

SPECS:

Daytrading Futures only with daytrade margins

FUTURES CONTRACTS TRADING

ES
YM
NQ
30 YR
CME Globex EURO
CME Globex AUD
CME Globex CAD
CME Globex JYEN
CME Globex SFRANC
Comex Gold (large contract)
Crude Oil (CL large contract)

What will be in this journal: perhaps some trade mentions...might mention some winners and might mention some losers. This will be a place for sharing observations, some trades and to disuss my thoughts and other's thoughts on the various contracts mentioned...not gonna mention very trade.

Well, let the fresh trading journey begin afresh...!!
 
Good luck. How about post a daily screenshot of beginning balance and EOD balance? It would be cool to see the progress...
 
Quote from l2tradr:

Good luck. How about post a daily screenshot of beginning balance and EOD balance? It would be cool to see the progress...
More...
1-my cash balance is not impressive at all
2-this would be too much pressure on me
 
Quote from increasenow:

Why "Sell/Short"? You must become a specialist to suceed...I believe I have better ability to perceive/discern "sell/short" set ups rather than "buy/long" set-ups...I have heard other traders mention this also...so, with the futures contracts I am trading there will always be at least one (most likely more) contract giving a strong sell signal
More...
does anyone also trade this way or from this perspective?
 
You need to post your trades in real-time or as close as possible with actual fill prices and what your target/stop is going to be. You can always post a blotter at the end of the day or week and you will probably need to if you want to prove you are actually making money with your trades. Posting stuff like "I'm bullish on CL today" without putting forth the details is useless. Posting entries without stops or targets is pointless. Just trying to keep your journal honest!
 
Quote from increasenow:

does anyone also trade this way or from this perspective?
More...

For the most part, yes. In trying to figure out why certain signals look much clearer from the short side rather than the long side (trend pullbacks being a good example for me), I've concluded that the bias must be buried deep in my (our) subconscious and/or genetics. It does make some sense when you consider that we witness things falling everyday throughout our lives (leaves falling from trees), but how often to we witness things shooting up toward the sky -- unless you visit Yellowstone, not much. Maybe there's a better reason, but for now, that's the best I can come up with.

Also, if you are really monitoring all of the contracts listed in your first post, then I don't think you'll have a problem only going short. But if you're only monitoring one or two at a time, then you may not get as many signals as you need. I usually monitor about 3 contracts.
 
You must log in or register to reply here.
Back
Top