IncreaseNow's "Sell/Short" Futures Journal

[NoDoji]

Quote from increasenow:

**been focusing on SF & CAD (a little bit on the YM, more as seeing what US market is doing)

I was so happy you traded the same thing 2 days in a row, then this: now YM added to the mix???

Quote from increasenow:

...it went down alright, just not as fast as I thought and I bailed because then I thought was gonna move up..."

OMG, I've found someone more ADD than me! Incy, there's hope for you, really, there is.

Just trade SF. Don't worry about what everything else is doing. SF likes you, you like it. It wants to dance with you, it's winking at you from across the dance floor and now you're gonna play hard-to-get?

 

[increasenow]

Quote from Fireplace:

word of advice, stop thinking so much. You're a classic 'overthinker'.

Place your trade, put your stop in or whatever you do and let the trade play out. You're trying to be a perfectionist in an imperfect business. The only thing you can control is your method, you're never ever ever going to 'know' how fast price is 'supposed' to rise or fall in a move.

The way you are trading, you are allowing emotion to come sprinting through the door. Its so easy to be jumpy when you try and 'control' the mkt by watching every teeny tiny detail. Control what you can and live with the results. If you don't like the results look to improve the method.

thanks Fireplace...this is really very good...and yes, I have to agree that with my trading so far I have been "Thinking too much, being a classic overthinker"...agreed +1...

 

[increasenow]

Quote from Fireplace:

Place your trade, put your stop in or whatever you do and let the trade play out.... Its so easy to be jumpy when you try and 'control' the mkt by watching every teeny tiny detail.

a lot of this for me was simply hating the losses that I took...can't stand it!!...so, the 'mini' wins here lately are building my confidence to just let the trade RIDE!!!...

 

[increasenow]

Quote from NoDoji:

I was so happy you traded the same thing 2 days in a row, then this: now YM added to the mix???

YEA...it felt great just trading the same thing 2 days in a row...as for the YM, was just watching to see where US markets were going...but...was looking like a cool short...didn't trade it though

 

[increasenow]

Quote from NoDoji:

Just trade SF. Don't worry about what everything else is doing. SF likes you, you like it. It wants to dance with you, it's winking at you from across the dance floor and now you're gonna play hard-to-get?

gonna try and trade Natural Gas this coming Monday...great range and per point value...JUST KIDDING ALL!!!!!...Ha! Ha!

 

[spd]

Quote from increasenow:

gonna try and trade Natural Gas this coming Monday...great range and per point value...JUST KIDDING ALL!!!!!...Ha! Ha!

Jesus Christ dont scare me like that. I dont know where you live but if you start talking about nat gas losses I swear I will find you and slap you in the mouth :eek:

 

[spd]

Quote from increasenow:

to SPD...what % of your trades are CME Globex Euro, ES, CL etc?

94.6% of the time I trade CL
3.1% of the time I trade Euro futures
2.3% of the time I do not exist

Im only keeping an eye on the indexes for the time being.

Quote from olias:

why not a few ticks above, in order to avoid being shaken out? wouldn't a lot of others place a stop one tick above, and wouldn't it perhaps get hunted down?

Really, the way I see it, if someone has enough muscle to move the market high enough to take out a pivot like a swing high they can likey stir up some other momentum traders to jump in and keep pushing the market higher, possibly taking out a stop with a little more breathing room. So basically, if what I perceive to be key highs/lows/pivots/etc get taken out I consider my set-up invaild and just take my loss and move on. This may be completely off base, I am by no means a perfect trader, but for now this has helped me acheive some consistent success. Honestly Ive been really focusing on solid entry set-ups, if I take any heat on a trade Im usually just wrong and the market plows right through my stop and keeps on chuggin anyways. Ive gotten a lot better at knowing when to bail on a trade that goes my way for a second then starts to head back the other way before it gets close to my profit target. Ive been getting out for a scratch or small loss/profit on trades that used to stop me out all the time.

 

[increasenow]

Quote from spd:

Jesus Christ dont scare me like that. I dont know where you live but if you start talking about nat gas losses I swear I will find you and slap you in the mouth :eek:

yes, this was a total joke and just kidding around...maybe 'someday'...

 

[spd]

Quote from increasenow:

yes, this was a total joke and just kidding around...maybe 'someday'...

lol I know dude, I was just joking too. and yeah, maybe someday. There are somedays I love that contract and some days abhor it. I have a good "feel" for how nat gas trades and I still cant consitently take money out of that market, its too frantic. Im not trading it for the time being either.

 

[pwrtrdr]

Quote from Fireplace:

word of advice, stop thinking so much. You're a classic 'overthinker'.

Place your trade, put your stop in or whatever you do and let the trade play out. You're trying to be a perfectionist in an imperfect business. The only thing you can control is your method, you're never ever ever going to 'know' how fast price is 'supposed' to rise or fall in a move.

The way you are trading, you are allowing emotion to come sprinting through the door. Its so easy to be jumpy when you try and 'control' the mkt by watching every teeny tiny detail. Control what you can and live with the results. If you don't like the results look to improve the method.

So true. Seriously, this is stuff "we" need to hear about ten times a day