Search results

Yukoner: Since you are interested, here is an overview of the 3-week plan, and my expectations for the first week: In the first week, you are going to work on baseline discipline using the 4 step approach (and the 2 notes). Here you are allowed to make all the trading errors based on emotions...

The above is a 3-week workout. If you decide to stick with it, please let me know in your post and I can let you know the next steps every week. Regards, Monoid.

Yukoner: I am sorry you had a very bad day. I know the feeling that descends on you when nothing seem to go right; the feeling of all your dreams shattering can be devastating. Based on experience, I can tell you that this is not the time to make any decisions about your goal. You are filled...

LOL. Almost spilled my [Starbucks] coffee! Love it! Regards, Monoid.

Yukoner: You seem to put the cart before the horse. The cart is the PnL/profitability. The horse is your mental abilities (Trader's mindset). There is no use talking about profitability if you don't posses the Trader's mindset. That was the point @Redneck was making. So, please stop talking...

@Handle123: Do you remember the first time when you were able to recognize those detrimental thoughts and made it last only a short time before getting back to trading? How did you do it? What were the tools you used to do it? I think your answer will be very helpful to Yukoner. In my opinion...

Yukoner: I have been thinking about your post. Your point #5 (took a trade not in my methodology) was just unbelievable to me. I know I have already mentioned it in an earlier post, and am repeating myself, but that is how much this point bothers me. This is much more than the emotions related...

@Yukoner Didn't take a trade Didn't believe in my methodology -- addressed by Handle123 Let a possible loss concern me -- on going issue that you have identified and are working on. Didn't check mark, twice in a row after EIA report Took a trade that wasn't part of my methodology --...

Dear @JS It does not matter if we agree or disagree. What matters most is that you have a plan to trade the market, and you work on your mindset. You seem to know the importance of being non-deterministic. So, I assume that it will flow thru' into your trading plan. From where you sit...

@JS After I read @KDASFTG's post I realized two things: (1) Not knowing the reader before posting my thoughts can do no good; and, (2) In making an implicit assumption that I thought was everyone's base line, I made a grave mistake. "Knowing the reader" is important 'cos the poster can then...

Hi Xtreme: I run a FIX client that I wrote for my purposes that I can share with you. It is written in Haskell. Storing to Database is done in a separate application. The two applications communicate using a messaging bus. However, my FIX client is tailored to a specific data provider. I don't...

Couldn't agree with you more. You said it better and succinctly than I could ever do. The pleasure has been mine too. Thank you so much for engaging in this discussion. JS, I will follow KDASFTG's lead and stop prolonging this discussion in your thread. Regards, Monoid.

IlIHeroic: Exactly how I trade. Complexity of the pattern depends on the pattern itself. Some are simple, some are complex. However, a complex pattern does not mean it is complicated. For example, the way I read the markets, patterns around cash open in ES are usually complex, but trading it is...

@KDASFTG: Thank you so much for sharing your opinion. I respect your post. In the past, I have read a few of your posts and they were all very wise. This one is no exception. Please allow me to answer you, which could also help me identify the error in my ways. I have to absolute agree with...

JS: Good to hear back from you. Thought to share some experience that I feel might be of help to you as you go about filtering and understanding your signals. In some ways, what I am going to say could be considered ‘next steps’. However, before I go about sharing my experience, it might be...

Hello Jsmacksen: Has been a few days; so, thought to check in to see how the "work" is coming along. Keep us posted. Regards, Monoid.

I think this is the only way to go. But, yes, is the final step. Yukoner has done/is doing that, at least in the past few sessions. Today, for the first time, Yukoner realized the need to look at PnL (due to his $400 daily limit overrun) for the right reason without any one asking/suggesting...

There is nothing I would disagree here. Honesty -- an absolute foundation! Please allow me to give you an example of what I find in your analysis that I don't find very often even in very accomplished traders who write here. I don't mean this as a way of offending other accomplished traders...

I was just being a smart ass. Sorry didn't come thru. I apologize if I had offended you -- not the intention. Anyway, we both have very different philosophy about goals and uncertainty when it comes to trading. My set of questions were to understand you, your point of view. It is always...

I was not asking you to break the rules, but wanted to see if you follow your own rules! ;) Lot of food for thought! Thank you. An honor, Mr. Redneck. Regards, Monoid.