I am a full-time futures trader. I have been actively involved in trading and market analysis since 2002. I am a discretionary trader and I use technical analysis to define my edge in markets. Most of my trading is short term focused (intraday) though I will also have trades that are held for 2-3 days and up to 1-2 weeks. I primarily utilize a systematic approach to price analysis along with detailed analysis of the auction process and volume profiling. Though I do not use them to define trades I also monitor seasonals, COT positioning, RSI, and sentiment. I utilize one subscription service currently from sentimentrader.com. I currently operate in the following markets: 10 year notes (TY), Crude Oil (CL), Gold (GC), Copper (HG), Wheat (W), Soybeans (S), and Corn (C).
I can be followed on Twitter under the handle @FatF1nger.
The general purpose of this site is to offer a look at how I’m approaching markets using the tools mentioned above. Over time I hope that other serious traders will find interest in this online journal and will contribute and/or comment on the opinions I have expressed here. I may also express views on other topics from time to time such as trading strategies, managed futures, and trading psychology.
Like all traders I have a number of beliefs that I approach markets with. Here are some of those beliefs in no particular order:
- Trading is not an intellectual pursuit it is a performance endeavor. Making money consistently from trading is not primarily a function of analysis.
- I believe most traders are operating and executing based entirely on their forecasts as opposed to real-time market context. I do not believe you need to know what the market is going to do next in order to make money consistently over time.
- I believe that losing is part of trading and therefore my trading rules do not include the famed command “do not lose money”. Losses teach a diligent trader a great deal about themselves as well as their trading system. They can often provide extremely valuable information.
- I believe in consistent journaling. I do not believe that the focus of a trading journal should be solely on P & L, though it is an important component. While I monitor P&L within my journal it primarily focuses on execution strategies, campaign descriptions and timelines, and regular goal setting and tracking.
- I believe that having various trading systems to operate under different market conditions is essential.
- I believe that all decisions about risk involve emotions for the non-automated trader.
- I believe consistent traders approach trading like a business and keep detailed records just like any successful business does.
- I believe that the outcome of my very next trade is always random.
- I believe there are countless ways to make money trading in markets. I do not believe that my way is the “right way”. It is nothing more than my personal approach.
- I believe that markets are constantly evolving. In order to survive we must adapt to this evolution.
I hope you enjoy the blog. If you are interested in my process you read about that here.