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Fantastic to hear. Great job. However (there is always a however, right?:)), it seems to me that in not paying attention to PnL you are really not dealing with your emotions related to it, but are just hiding from it. Let me be more elaborate: When in trade, you do not need to look at PnL for...

@Redneck: You must be sleeping now ;), so when you wake up and get to this post could you elaborate on couple of points? (A) If you have met your goal for the day, but the trade exit according to plan has not occurred (this is the situation I am currently in as I type this post), do you wait...

I am sure you know GM Maurice Ashley then. Read about him or listen to his interview in NPR. He says he started out playing blitz format chess before even being interested in the classic format. He attributes playing in the Black Bear Chess Club (a club that predominately plays blitz format...

Boy, sounds like a miserable way to make a living. But I love it too! What is wrong with all of us? :) All the best tomorrow, Yukoner. Rooting for you. Regards, Monoid.

(A) So, you do you mean to say that issues of capitalization is the only cause of emotion in trading? Please correct me if I am wrong, 'cos that statement is incorrect. Or, do you mean to say that under-capitalization could result in additional emotions for a trader on top of all other emotions...

Are you suggesting that one can learn to trade without emotion only if they trade longer term? If that is your thesis, I have to respectfully disagree with you. Regards, Monoid.

@Redneck: Made me reflect if this (% of return) is an important question in the first place. Please allow me to verbalize my musings. They have not been vetted, so I could have committed some grave fallacies of reasoning. If so, please feel free to point them out. What came to my mind first...

I just saw this post, and feel compelled to write this: Yukoner: First of all I want to thank you for thanking the contributes to your thread -- I would assume that would include me. However, I want to assure you that my contribution in your journal has been miniscule and does not deserve any...

Song to my ears. Bravo! But more importantly, you said: And this, my dear Yukoner, is the power of mindfulness! There was no need to dissect the feeling of fear was there? Great job sticking with your trading plan. Rooting for you. All the best. Regards, Monoid.

JTrades: Other things apart, I have to say this: I don't know your background, but this passage above is just beautiful! So well written -- reminded of Hemingway's "show and don't tell" advice. I wish I could write like this. All the best. Regards, Monoid.

One quite town that would make with less talk and more listening! But, Mr. Mono definitely needs to talk less! I will be around to learn the ways of this ET-Salon. Maybe, until then, "speak not until spoken to" would be a good dictum to follow? Regards, Monoid.

Except that Mr. Mono is a fool. He doesn't know what he is doing. So why don't we all ignore that stranger and go about our business? No harm done, is there? He too will disappear like all other snake oil salesmen. Or, may be, he is not a salesman but just another village-idiot wanting to...

we could consider 'context-aware' to be one word, and so we could have as the two most dangerous words: context-aware signal Just for the sake of completeness :)

I am going to sound like a dickhead, but I know not of any other way to address your questions. (A) What is your definition of system? Is this system of yours the same as the one I talked about? I get an impression that they are not the same. Don't forget about the all important context. (B)...

@Readneck: We don't need another thread. All one has to do is to read your posts in ET in a careful and deliberate manner with an open mind. I have nothing but the highest regard for you. When I think of you, this is what comes to my mind: "He who knows and knows he knows, he is wise -- follow...

Yukoner: I see you wrote about 2 trades today: 1 stopped out, and the other you did not take. So, I am confused about the +157 pnl. Am I reading your post right? Did you take more trades after or before the trade you did not take? Regards, Monoid.

VPhantom: Precisely how I understood you, and why I called it an error in thought. Here are my reasons: (a) We don't take random entries. So, when we don't do it why make that a premise for an argument? We are starting with a false premise; and, (b) Even by taking out the qualifier "at the very...

@ VPhantom: Very well thought out questions and comments. Before I address some of your comments and questions, I want to once again apologize to OP for hijacking his/her thread. I earlier said I wouldn't, but this discussion is way too interesting for me to let it pass without comments. Let...

There was once a fox who tried to reach some grapes hanging high on the vine but was unable to, although he leaped with all his strength. As he went away, the fox remarked 'Oh, you aren't even ripe yet! I don't need any sour grapes.' People who speak disparagingly of things that they cannot...

Yukoner: Thought to add a point of clarification. In my earlier post, when I commented on T4 (last trade before close), I used the word ideal. What I meant was "the goal we must strive for". I, in no way, disagree with your need to shutdown when your emotions highjack you; but, I want you to...