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3 trades today. The last two weren't suppose to be done after I caught a good short ride for the first trade. I was looking for long below 1410 because I mix up time frame, and was greedy for more. Ended up BE on those trades but spent 2 more hours in front of the screen... Trades followed...

Hi nkhoi, Should this this clock be taken seriously? Many people day trade the first hour. According to this clock, 1/2 of their time is red :))

4 trades today. Broke 3 rules on third trade (shorted ES 94 just because we are stagnant) Compulsive trade, no stop and averaged down (last two go hand in hand). 4th trade was a very nice trade that followed all signals and rules. In fact, it is one of the few times I reversed a losing...

Thanks Mandel. I am aware that there's opportunity before Fed for a trade. In fact, yesterday if I had traded, I would have had a great profit catching the short late in the day. I figure if I trade before Fed and lose, and get myself clouded, I risk making bad trades during the fast...

Fed day. No trade today. Don't ask me how many times I had to resist. Tomorrow, I need to stay in inline and not overtrade.

4 trades today. Broke 2. In one of the trades, "Took profit early". In another trade, "Average up". Stops were in place all the time.

Today was an excellent day in terms of discipline. Followed every single rule... In the weekend, I did some soul searching as Shull suggested. I identified exactly the mentality I grew up with, and how they are giving me reasons to break rules. Before I started trading today, I...

Hi Psh, My problem is I have set of concrete rules and I have problem following them. I see that when I break them I get into trouble. So why do I break the rules? Sometimes it is because I think I can do better than the system ;) Some times, it is pure auto-pilot. Basically right...

http://www.traderslaboratory.com/forums/f37/steenbarger-shull-and-hirschhorn-discuss-peak-3649.html Here are some notes from Denise Shull's presentation: Impulsive or Compulsive trades are due to pent up emotions. Find a way to get it out of the system. Emotions cannot do anything. It...

Rinse and repeat. No drastic behavior change during trading hours this week. Even though I still broke 2 rules every day, I am conscious that I am breaking rules. Yesterday I actually manage to use stops in 1/3 of my trades. I am sleeping earlier every night, and taking breaks every...

Friday 4/25 Broke 2, "No stop" "Average down" trader_david, I was quite positive we are going to try the 1390s so I bought high 1380s. So I did like I usually do, hold till I get a profit. I have seen this too many times. This is also why I like averaging, 'cos many times I will...

Broke 2 again today "adhere to stop loss rule" "no averaging at a loss rule" Gave back what I gained from breaking the two rules yesterday. Am I starting to see a pattern? Starting tomorrow, I am putting in my stop. And no averaging. Why do I think I can do it tomorrow? 'Cos...

I never get angry at the market or blame the market. Always on myself. Here are some larger issues: Not wanting to take a loss for the day. Again, not every day, but I only need one of those stupid days. I can have a $200-$500 for 20-25 days , and that one stupid trade where I keep...

Thanks to all who has responded with content. And for those who posted pages worth of spam on my thread, please consider some respect for me. This thread will quickly become USELESS to me and anyone if the flaming continues.

MandelbrotSet, My problem is not stopping trading when I get a profit. My style gives me 2-3 trades everyday. When it works, I rarely get into trouble. It is when my first trade in the day gets into trouble or I missed a trade, I get into trouble the rest of the day. I try to get...

fearless, "Maybe you see yourself in one light whilst trading places different demands upon you which are in conflict." Can you rephrase? Not sure what you mean here.

I made sleep, breakfast, and stretches, part of my disciplining routine after watching some pretty interesting videos here: http://brainrules.net/ - If you are in EST, you may want to check your performance for trades done between 2PM-3PM! ;) - Glucose gives us more control of our mind...

http://www.stevepavlina.com/blog/2005/06/self-discipline/ This past weekend, I gather my "will" to craft a plan. It involves changing the environment and setting a routine. First, I listed the rules I want to follow, starting from the night before: - plan my trades for tomorrow -...

This is the first article that really spoke to me. My last booboo trading day was making multiple short trades on the ES on 4/16. I have seen the same gap up and run 30 points scenario many times. Those are days I should follow the strength or simply step aside. But I kept shorting...

I have realized for many months that lack of self discipline is my biggest problem in becoming a consistent trader. By nature, I am a very adaptable, flexible, and forgiving person. Somewhat a risk taker, and like to try out new things. Always curious. As you already can tell, I have a...