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Old Dec 29th, 2011, 01:39 PM   #1
masterm1ne
 
 
Join Date: Dec 2009
Posts: 911
Previous threads:

2010 trading thread

2011 trading thread

I've obviously decided to keep a journal for 2012. I am a firm believer that it is almost mandatory in order to achieve success, no matter the business, but especially in this one where psychology is so important. A journal helps you reflect on your past actions and learn from your mistakes, which of course will help you fix them.

I added another 14k to the account. Therefore, this years starting balance is 24k. I think this amount is ample to create astounding returns, regardless of the strategy. I proved this to myself from the previous year. Of course you have to do it 'right.'

To recap, I blew everything I had in 2010, and since June of 2011, I have pretty much bounced between small draw-downs and +100% returns. The issue is not with my method, but rather lapse of discipline.

Just as trading is simple, I try to keep my approach as such. I use 1 edge to help guide my commodity trades. I also examine additional indicators such as put/call ratios and money flows when thinking about index trades, but I calculate them myself, hopefully to increase the edge. I have become a very big chartist. It's the only thing that makes and takes your money!

I try to stay flexible in my approach, and have stayed away from automated trading because I feel it's too rigid (I am a programmer). Above that, it's not necessary to win.

I have a trading plan written down, place my trades at my discretion, and look at the markets as little as possible. This helps keep the mind clear and emotions out. I only trade futures at the moment. Perhaps when I have more money I'll start trading stocks and Forex. I've become a longer term player, as it suits my personality and time better. I see huge potential in waiting out long term movements. I have derived much of my methods from many of the great documented traders. Hopefully I can continue to implement risk management and capital preservation over all.

I'm in this for the money obviously, but also to liberate my time. I'm 24 years old, have a full time job, and have studied the markets for over 3 years. I've read more books about trading than I ever did on any other subject in school.

Good luck everyone.
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Old Jan 6th, 2012, 02:01 PM   #2
masterm1ne
 
 
Join Date: Dec 2009
Posts: 911
Hasn't been much to post. Account is hanging around the 25k mark. Since Monday, P&L has been swinging between +500 to +3k.

I've got positions in natural gas, cocoa, cotton, coffee and e-mini S&P 500.
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Old Jan 11th, 2012, 12:39 PM   #3
masterm1ne
 
 
Join Date: Dec 2009
Posts: 911
Still here... I've been spinning my wheels leveraging all the $24,000 I have and am getting no where. I'll cut size down to one till I can gain some traction.
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Old Jan 13th, 2012, 03:57 PM   #4
masterm1ne
 
 
Join Date: Dec 2009
Posts: 911
@ 21k (-12.5%)

No mistakes, no laspes in discipline, just more dirt than gold. Losing like a f***ing champ!

I've started to exercise discipline in other areas of my life to help cure the previous lapses I've had. It helps.
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Old Jan 18th, 2012, 01:34 PM   #5
masterm1ne
 
 
Join Date: Dec 2009
Posts: 911
@ 23k (-4.16%)

Fully leveraged on 5 differen't instruments. Risk is controlled, but most likely too much for my account size.
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Old Jan 19th, 2012, 06:06 PM   #6
masterm1ne
 
 
Join Date: Dec 2009
Posts: 911
@ $25,758 (+7.32%)

5 open positions
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