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  1. damnpenguins

    My Wyckoff journal

    Only 1 trade - taken right at the open. My goal has been to only take a few trades each day; focus on maintaining the right mindset regardless of the outcome, then settle in to do a mental review so that's what I did. For me this was a really good trade, it was a valid signal according to my...
  2. damnpenguins

    My Wyckoff journal

    Now on to todays post. I finished up about 15 - 20m after the open today as I'd executed two good trades and decided to let it be at that. Same with yesterday, I only took 3 trades.... It's more important for me, at the moment, to execute my edges properly and maintain the right mental...
  3. damnpenguins

    My Wyckoff journal

    Back again... I've had a few weeks off due to moving house; I got back to trading last week. It's been a great few weeks for me without the distraction of live trading! I've spent the time working on Trading in the Zone. Had the audio book on loop whilst I spent hours pressure cleaning decks...
  4. damnpenguins

    Statistical Analysis of Intraday Data - Any worthwhile resources?

    I'd typed up a basic response talking about excel, but it seems you've already gone down that route in the other thread you start on stats. I take it you didn't get into MATLAB? If you want to go deeper than excel, then you'd be looking at either Python, Matlab or R for your analysis and...
  5. damnpenguins

    My Wyckoff journal

    Cheers RN Filters is a good way of putting it. To be honest I feel like I've only scratched the surface of this stuff. Not close, just further along. I made progress last week. I got a glimpse yesterday. Small incremental changes. Anyway - I know the market will still be here next week etc...
  6. damnpenguins

    My Wyckoff journal

    btw @slugar - here is the MD quote that sprung to mind when you mentioned fear of missing out.... It's interesting that both of those states reflect a focus on alleviating how the trader is feeling and not responding to the opportunities in the market. I guess I'm the flip side of that...
  7. damnpenguins

    My Wyckoff journal

    Once again this really is more for posterity sake than public consumption, but there is something cathartic about posting this stuff out there.... Anyway. Final part to the update from earlier today... The one thing that always used to grate on me with Trading in the Zone was how much MD...
  8. damnpenguins

    My Wyckoff journal

    :) our wives must swap notes! It's funny - I deleted a post I made today specifically about being wrong. I might re-upload it later. Maybe I wasn't quick enough getting rid of it :) It's probably different for everyone isn't it. I can't remember MD's quote about fear of missing out. Will look...
  9. damnpenguins

    My Wyckoff journal

    OK so to the update: I'm still working my way through Trading in the Zone. So no trading at present. I'm not wanting to muddy the waters and get ahead of myself. I'll admit - I have read Trading in the Zone a few times before, but something is really clicking at the moment and I am really...
  10. damnpenguins

    My Wyckoff journal

    It's about time for another update, but some housekeeping first.... I'll be moving house this week so my postings will be intermittent. Who knows when the 'net will be up and running at the new place so It looks like I'll have at least a week off. This move is happening at the best of times...
  11. damnpenguins

    My Wyckoff journal

    Cheers! What you said about ordering and rebuilding the belief system really makes sense. I'd read all of this many moons ago, but I guess sometimes you just have be in the right frame of mind for something to finally click.
  12. damnpenguins

    My Wyckoff journal

    An addendum to yesterday's post. I just needed somewhere to put it for posterity. It really isn't meant for public review. If someone can get to the end of it and has a different opinion though I'd love to hear it. At any rate - this is my way of assimilating what I realised yesterday..... I...
  13. damnpenguins

    My Wyckoff journal

    Much Obliged RN - I had read that previously but couldn't locate it again when I though it of it the other day.
  14. damnpenguins

    My Wyckoff journal

    No trading for me today. I have a lot to digest and assimilate. And I'm really only at the start of this next phase. I still followed the market as per my process; Identifying and mentally executing trades. But I was focused on being mindful of when I faltered and injected my BIAS, BELIEFS...
  15. damnpenguins

    My Wyckoff journal

    All good points - cheers! That ship sailed long ago btw..... ;)
  16. damnpenguins

    My Wyckoff journal

    Very timely reminder, and thanks. MD has been featuring quite prominently lately! To this point I would say that I knew these beliefs on an intellectual level, but not as a functional, set of core beliefs that guides my daily interactions with the market. That has to change and I'm determined...
  17. damnpenguins

    My Wyckoff journal

    A quick update today. In a nutshell: 3 winners 2 small losses* Better execution today, but still hesitated on a couple. 100% confident I've identified the error - it lies somewhere between the keyboard and chair. :) Constant improvement. Rome wasn't built in a day. * including 1 WTF...
  18. damnpenguins

    Why Is The Obvious Not So Obvious?

    Great response - and thank you. Whilst others swoon in a search for the golden goose or holy grail, I am finding a deeper and farther reaching appreciation of the Socratic Paradox :) Risk minimisation and Timing (Patience?). Curious that prior authors :) have disagreed with Mark Douglas when...
  19. damnpenguins

    My Wyckoff journal

    Thanks RN. ----------------- I had an interesting day yesterday. Made 3 good trades within 20m of the Open, and then I started hesitating. It is really frustrating that even when I've made good trades and followed my process I still encounter this feeling. The hesitation is a signal that I'm...
  20. damnpenguins

    Why Is The Obvious Not So Obvious?

    I am in do doubt with regards to being a fool! You often say you "know nothing". Well I know nothing, however I think it is the wrong nothing that I know :) For me, one of the intentions of this thread is to: Recognise that the larger players conducting this 'wealth transfer' you talk about...
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