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  1. M

    Spydertrader's Jack Hershey Futures Trading Journal

    Good stuff, Pepe! (It all deserves a reread, but I figured I'd go easy on ET's servers). The quote above made me chuckle - on the surface, how so very true. I just wanted to throw this into the mix: sim dollars can only be exchanged at the First National Bank of Confidence. For those not...
  2. M

    Spydertrader's Jack Hershey Futures Trading Journal

    Who would the lucky 'few' be to make money consistently out of a group, and who would have to continue to pay tuition - heheh. I don't imagine I need to convince you that trading is an extremely individual sport, and having a team mentality is unfortunately not applicable. The chat rooms are...
  3. M

    Spydertrader's Jack Hershey Futures Trading Journal

    Thanks for the chart and conversation log, callmate. Every additional reference to this material helps that much more! And kudos to Bearbelly for sharing the discussion we were fortunate to have w/ Spy today. Nice goin', bb! Cheers ...
  4. M

    Spydertrader's Jack Hershey Futures Trading Journal

    It's nice to get that warm and fuzzy feeling when nailing the swing highs and lows (make that a tick below/above so as to ensure a sim fill - heheh) but as we seldom reside in the perfect world, what's wrong with taking a nice chunk out of the middle. I can relate something similar today...
  5. M

    I Need More Accountability - Sim P/L

    Thanks bundlemaker - I'll head on over there now :D I commented to someone earlier today that I can't even keep up w/ the reading in Spy's thread recently - too dang much stuff goin' on!
  6. M

    I Need More Accountability - Sim P/L

    bundlemaker - sorry for this delayed response. With the advent of Spring now squarely upon us, the hours in the day are not sufficient to handle what seems like a hundred things needing attention all at once. I'm not willing to give up my daily screen time, so that leaves working well into our...
  7. M

    I Need More Accountability - Sim P/L

    An excellent string of posts, fellas - thank you! It's like a breath of fresh air, after my typical hodgepodge of pedantic ramblings :D Anyone who has been around this business for any amount of time can appreciate the fact that trading success is surely 90% mental. Price can only go two...
  8. M

    Pictures of your trading stations

    What - no PT 'conversation window' showing on your screen? :D (I suppose you were ensuring no proprietary info get leaked to the masses - heheh) Nicely done, ma' man! ...
  9. M

    I Need More Accountability - Sim P/L

    test: <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1470208> thanks, nkhoi (if it works :) )
  10. M

    I Need More Accountability - Sim P/L

    Had a good day today - very interesting how things slow down once the DOM is hidden from view. I've always been drawn to the tick by tick movement (guess it's the Siren's call to the gambler within) and often would get sucked into the action without good cause. At least the PV work helped to...
  11. M

    I Need More Accountability - Sim P/L

    EZ - thanks very much for such a thoughtful response! I have many thoughts currently flooding the ole' cerebrum - hopefully I can express some of them here so as to appear at least partially coherent. :D I'm a blue-collar guy - neither ashamed nor proud of - just the path I ended up on...
  12. M

    Spydertrader's Jack Hershey Futures Trading Journal

    Grins and chuckles! Thanks PointOne, but we all know Spyder intends the best for all of us, and I for one continually choose to shoot myself in my foot. I will intend to discuss this a bit more in my musings over yonder :) Remember a good while back, when you mentioned to me the errors of my...
  13. M

    Spydertrader's Jack Hershey Futures Trading Journal

    Spyder - I still often become confused when annotating the Gaussians. When comparing our charts for today, I found a couple of instances where I varied, and sure enough, that was at times of my losing the trail :) I wish I knew how to include a snip of your chart within this text, but I...
  14. M

    I Need More Accountability - Sim P/L

    Well, schucks, I hate to throw away a good one - heheh. To compensate for my wishy-washy ways, at least I did not keep checking on the p/l throughout the day, so I guess that is a start. To be honest, tho, I quickly lost sight of what I was supposed to be doing as pertains to SCT. I did use...
  15. M

    Spydertrader's Jack Hershey Futures Trading Journal

    guavaman - as Avi 8 suggested, try doing a search for PRV - you will find many links to earlier posts in this journal discussing PRV. Pro Rated Volume is a simple method of anticipating what the total volume for a completed 5 min ES vol bar will be, as calculated DURING this 5 min period...
  16. M

    I Need More Accountability - Sim P/L

    Now that was interesting. I just came from Spy's journal, after having read his post stressing the importance of PRV - I wasn't aware of it when hashing out the above late last night. Could it be this stuff might actually be filtering in amongst my normally convoluted thought processes? Now...
  17. M

    I Need More Accountability - Sim P/L

    EZ - I have read through the above post several times now, allowing some time in between to let it sink in, and to process it within my own framework. The first idea that really struck a chord was that of not worrying about profits. That's been a biggie for me since day one of these studies...
  18. M

    I Need More Accountability - Sim P/L

    By the end of each Friday's session, I am totally ready to turn my back to thls screen and just do a 'brain dump' with regards to trading. I believe I've mentioned previously a feeling that I am just not 'with it' when Friday rolls around, which I attribute to the cumulative effect of not enough...
  19. M

    I Need More Accountability - Sim P/L

    Vista - thanks for your comments. Yes, your are correct: MAE = max adverse excursion, and likewise, MFE = max favorable ... Answering your question will probably open a can of worms here, but I will try to explain nonetheless. Your choice of the word confidence is interesting, because it...
  20. M

    I Need More Accountability - Sim P/L

    EZ - wow, ten thousand swings to change one aspect!? Extrapolating from that point, I guess you are only several million away before you're ready to go head to head w/ Tiger :D I played the game in my younger days, and reached a plateau where I simply didn't have the talent nor the...
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