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Steps i've been taking to reduce stress during trading. 1. Know my set ups and back test to have the confidence to act on quickly. 2. I have not had profit targets but exit based on PA and S/R. I recently concluded that this was contributing to too much indecision and stress. I will be...

I heard an interesting interview the other day on Traderinterviews.com . According to a poll of 700 traders the amount of time you've been trading doesn't determine if you are profitable. A similar percent of traders were profitable after 6 months as those trading 5 years. After looking...

Soon the quest continues. I haven't traded or looked at any intraday action in about 6 weeks. Busy season at work has passed so i'll soon be able to focus on trading. For the next couple weeks I plan on reviewing and adjusting my trading plan, reviewing set ups and generally getting back in...

Hey Frank, Here's a couple thoughts and hopefully my trading insights are better than my penmanship. (not sure how to post directly on your chart) When people talk 'context' i think it means look a the recent action as well the current. I wouldn't have taken that first trade based on my...

You've been trading CL, 6E and TF. Are you finding the price action is consistent in these different markets or do they each have their own "personality" ? Put another way, would you be better off learning/trading one market for now ? I don't know the answer but for me i'm just focused on...

Excellent ! Are you taking signals off the 5 min or using shorter time frame ? Thanks. Have a great weekend.

He's been posting some MP charts on the ES Journal and also on Hooti's Journal. Don't know if he's got his own .

Thanks, snow. I read about MP years ago but never looked in to it. Seems you and Ammo are finding it pretty helpful. I'll check it out. Thanks.

your second trade: price moved above 39.50 which had acted as resistance twice before . price breaks out. failed b/o or flip ? My limited experience is b/o that fail do so pretty quickly. in this case price held about 5 minutes above the b/o. given the big picture this looks like a new leg up...

Snow , nice trading. What is "yty's POC" ? thanks.

Missed a couple short entrys and then to punish myself I shorted near the low. I knew as i was doing it this was a revenge trade against myself and a poor entry. I've shut down my trading platform for now until i have better focus and discipline. Overall, this should be an easy fix. My...

I like to have names for the set ups and price action i see. Calling something an M Top, reversal bar , 2b sell, whatever, allows me to not only more easily recognize it in real time but to also go back over past charts and identify whether it's a valid pattern. Yesterday, i was watching...

Been busy w/ work last couple days. Today had some internet issues for a bit. Got 1 trade in for +2.75. Very unspectaculer trading on my part. Late entry had me second guessing, resulting in an early exit. Think i was more focused on replacing some mental capital over anything else. Some days...

I'm not qualified to post here - yet - but still want to sneak this one in 'cause it's a real blooper. I place my stop automatically when my trade is placed. I was using a 3 point stop in NQ until i realized that on my winning trades my MAE was RARELY more than 2 points. So i decided moving...

That's a blooper ? You just described my 'edge' ! :D Maybe that's why I'm still a beginner. Sounds like a fun thread. Thanks for starting.

i trade NQ so i don't know if 8 ticks is enough breathing room for CL. I don't move my stop up unless i've got a decent profit or price action indicates the trade isn't working. Anyway i'll go back to lurking here as you've got better traders than I to help you.

does this happen often ? Are you afraid to take losses ?

Lot's of retracements like last week when we got beat up. Feels like more A-B-C type corrective action which is a bit different than what we're used to ,imo. Hang in there.

no trades yesterday. so far today 4 trades +1 point. still lots of room for improvement.

2nd trade . not a great entry but made up for it with a good exit. only made 1 point but traded what i saw and avoided hoping for more. The 2B sell off the highs would have been a good entry. I need to study these more.