Trading Journal of a Top Futures Trader

Discussion in 'Journals' started by TopKoreanTrader, Sep 22, 2024.

  1. Welcome to ET,

    What time frame do you trade with? (if using time charts)
     
    #21     Sep 22, 2024
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  2. I mainly use the 5/10/15 minute on Nasdaq, S&P to identify resistance/support, but I use 1/2/3 min on other symbols like oil and gold. But I also look at the daily weekly charts as well to see if any strong trend is going on. Less than 5 minute on Nasdaq IMO is too volatile.

    Thank you for the welcoming! Much appreciated.
     
    #22     Sep 22, 2024
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  3. volpri

    volpri

    If you have a good process that is working then just focus on executing the process. In the long run that will be what makes you profitable. There are always exceptions to any process but if it is a sound process and your attention is on it not the money you will likely succeed. If you must be addicted be addicted to executing the process as precise as possible.
     
    Last edited: Sep 22, 2024
    #23     Sep 22, 2024
  4. Coin Flip

    Coin Flip

    So you set targets ahead of time, but how about stops?

    Or do you manually exit to cut your losses?
     
    #24     Sep 22, 2024
  5. LONG NQZ24 20139, STOP 20136.25, TARGET 20145.5
     
    #25     Sep 22, 2024
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  6. Cancelling this one as it went up without giving me the chance to jump!
     
    #26     Sep 22, 2024
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  7. LONG NQZ24 20151.75, TARGET 20158, STOP 20148
     
    #27     Sep 22, 2024
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  8. STOP change to 20145
     
    #28     Sep 22, 2024
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  9. Nasdaq trade stopped with -$135 loss, oil trade still going currently +510
     
    #29     Sep 22, 2024
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  10. Coin Flip

    Coin Flip

    Oh given the high number of your trades you make in a day, might it be better for the journal to not post every trade, but post daily the net P&L and a quick summary of win rate, largest gain and largest loss?
     
    #30     Sep 22, 2024
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