Search results

I don't mind.. I like the test..

Thanks Jeffrey, Very good post.. Very educational.. I do love trading but I am getting frustrated with emotions.. As far as my life, I don't drink, I don't smoke, I workout, I'm a christian so I love helping people.. The only bad habit I'm starting to realize is I'm greedy in trading...

Nodoji, These tests are so cool.. I love it.. I don't trade futures so I can't cheat.. lol Chart #1 - Definitely a short Chart #2 - Once again this a buy for a couple candles then a short Chart #3 - Probably a buy

Its the greed that I have a problem with which is why I jump the gun too early.. how do u solve that?

You're exactly right.. I'm worried about being right or wrong.. I'm worried about jumping the gun and buying stocks that have not properly set up yet especially on a week where I have better edge..

Nodoji, Thanks for the advice.. We'll see how I do next week.. This is the kind of week too where I should do really well and if I still can't control my emotions then time for me to pack a suitcase..

Nodoji, If you don't technically feel an edge on any given stock, then you should pass on the trade.. Trading is actually very simple.. If you have a good hard edge on the setup then enter and if you don't then pass on the trade.. Unfortunately, the emotions real time is what changes...

Chart #1 were you went long is where I wouldve went long as well..

Nodoji, I was right on the first one, I was right on the second one and I was also right on the third one.. Remember you said u were a scalper and take 20 cent profits.. I knew the next bar on chart #3 would go up which is why I said buy and it did.. If I was trading it for myself, the...

Nodoji, Very cool charts.. I trade similar to you except that I'm not a scalper but a daytrader so I'm gonna answer your test thinking I'm a scalper.. The first chart I would buy.. it made a higher high and a higher low so I can't imagine shorting there.. The second chart however I...

We should have 1 person here who's really good and we just trade his picks and we all make money..lol

Wolf - maybe I should..lol Does anyone in this forum show their stock picks real time?

What I meant by jumping the gun was I trade mediocre setups.. even though I know the setup isn't that great, I still buy it thinking that it might still work.. I do have a trading plan.. I just don't follow it.. sounds stupid but its true..

Nodoji, "I jump the gun and put on trades before a valid signal appears." this is by far my biggest problem.. I think I was born excited.. I always jump the gun even though the setup isn't great.. If i dont improve next week then I will heed your advice and be out of the market and...

Thanks everyone for the advice.. I've added more rules so hopefully, it'll work out next week.. Oracle - very impressive..

Surf, I ignore it cause I'm not familiar with automation.. Even if I am, I don't think its gonna work with my strategy.. Yes, it will eliminate the emotions but a robot has no discretion so I doubt it will work as well.. After next week and no improvement then time for me to give it all up..

Day 5 Experiment I am ready to quit trading.. I just can't handle my emotions.. I again took a mediocre setup and once again it failed.. but instead of being patient, I got extremely upset cause I'm so frustrated with my lack of discipline so I kept revenge trading and losing boat loads of...

Surf, The setup was mediocre prior to taking the trade.. it would've been a lucky trade if it had worked.. If I spot a really great setup, it rarely fails on me.. Unfortunately, I don't see it that often..

Day 4 Experiment I guess you can call me a rule based trader because that's what this experiment is all about.. If I can stick to my rules and not get emotional.. I took one trade today and again took a mediocre setup.. guess what happened? I lost in the trade.. I do think I'm making...

Surf, Thanks.. I'm actually familiar with one of his strategies which I do apply in my trading..