Search results

20++ Years of stumbling around. I'm not sure how good a read my journal is, Smallstops. Lot's of me making the same mistakes over and over. I just hope it has a happy ending ! :D

Thanks ND & RN. It's reassuring to hear your words. I like that bridge bit. I suppose it's like alot of things; shooting a B-ball, swinging a golf club , playing guitar. After a fair amount of practice you just do it without the conscious thought that had to be done when learning it.

How far do you want to go back ? :) http://www.elitetrader.com/vb/showthread.php?t=280612 I tried day trading the NYFE futures around 1994-1996. Had to phone the orders in. About all I knew was an ORB system. There was no volatility then. I only could spend a few hours a day on it and was...

Chart of yesterday attached. Here's how the thinking went: Not shown on chart around 7 I think was a with- trend reversal set up I considered but did not take. Approx 7:30 reversal set up I considered but passed on Approx 7:40 another with-trend reversal I should take but thought...

RN you are a good guy. Thanks for the post; another that I've printed out. ==================== I've got several ideas running through my head today. First, despite recent evidence to the contrary, I know how to trade. I've tested the set ups. As I discussed not long ago I went through...

I read Disciplined Trader years ago and I agree with Gabe. Way too long and boring. I put off reading ..In the Zone because of the first book. I was very pleasantly surprised when I read .. In the Zone last year. Worth the time and on my to do list to go through it again.

Yesterday I realized if I am going to succeed in this biz I need to accept that some days I will not be in the right state of mind to trade. Not trading is an option. Learning to do this will be like learning to hold winners, a bit uncomfortable at first. I was reminded of the old line "How...

I take back what I said yesterday. No discipline today. Chop and poor attitude don't go well together. A little tired today, traffic jam/accident coming in today, trying too hard, FOMO. Got in to office after inv # . I did not trade with a professional mindset today which bothers me more...

No break through but felt like writing. +14 today. Good tenacity, i suppose. First two trades in chop. Maybe rested & too eager. Feels like a valid long continuation entry but too early. Stuck with it and the third attempt worked. Entered a bit late. 1 BE trade due to nervous exit...

That looks interesting Tonkadad. I use Ninja too. Is that an indicator or done within properties ? Thank you.

Over the weekend I reviewed my Friday trades bar by bar. Wider stops would have helped but the bigger issue was taking trades I should not have taken. My focus was too much on the 1 minute chart and forgetting about 5 minute. Could have been a little Crack influenced trading too :eek: I...

I'm not sure trading multiple cars makes it easier. More decisions to be made re: when to exit and without consistency the drawdowns with several cars could be discouraging. I'll only consider scaling out once I get a consistent win rate. Not saying I'm right just my .02.

Thank you ND ! I'll be reviewing again your comments and my trades this weekend. I'm still not making proper use of the 5 minute bars I think. I'll have that focus in mind when I review. And yep proper stop placement was missing today. Thanks. Have a great weekend.

I review and log all my trades. I used to make notes as to if the set up was valid and why I got out; target hit, at S/R, price reversal, bad read etc. It's a good learning process. Now that I have stricter trade management rules there's less noting why I got out.

If we're going to look at Blondie lip synch I kinda like this one. http://www.youtube.com/watch?v=gbnbMMCfyoc PS love how the keyboard player finishes the solo by counting the last note with his fingers !

yes that's my point. Understand why you got out early. Likely because price snapped back and either you panicked or you misread it as a reversal.

let me know what you think. Several reasons to stay in trade. and maybe ND can confirm ? :)

And if you don't mind me saying so. Find a way to hang on to the second trade. That short. I know that quick snap back feels like a reversal but I've learned and am still learning that CL likes those fast PB that then die. This PB stopped right at the prior swing low. Sometimes they'll go a bit...

Yeah, I saw. Hang in there, Gabe. And thanks, next week will be better. :)

-41 today , -25 ticks for the week. Sometimes I confuse reading price properly to just slapping a name on it and taking it. My first trade I called it a PB set up but it was not a good PB based on my studies & experience. Maybe it's impatience or a mental lapse. There were little...