;)
Why - there a couple of recognized issues
Why not work the kinks out of those first - and completely
I get that in your head you are ready..., even eager
But does that match the reality of things (actual)
And I'm not referring to the PnL (I still don't give a crap about that)
But I...
Kill em with extreme prejudice - otherwise they'll take root and spread like wild fire - destroying everything in their path
Base hits = Trading Nirvana
RN
YK
Appears there plenty of head noise today - but regardless;
Did you stick to your guns on each trade?
===================================
Not discounting this either - it a very important skill
As important - you listened / paused / worked through
As opposed to ignoring/ discounting/...
Then define each (another component of your trading plan (TP) )
Then use the appropriate tools (another TP component) to contextualize / quantify what PA is doing on each of your chart(s) (additional TP component)
All based directly and objectively on PA
RN
So extrapolate
When could we reasonably expect S to hold - in an up move
Conversely...
When could we reasonably expect R to hold - in a down move
=============================
There are no tricky ways to define S or R
Each is where price was rejected from proceeding further
How...
A good start in creating a solid plan - define..., and know beyond any shadow of doubt - what the S or R you will be trading looks like
And never deviate / waffle / compromise from your definition of either
===================================
Your way is out there - just need to find it
This...
I'm back to focusing on - monitoring -> discipline / consistent action YK
Not the approach / method
Sounds exactly like my day
Good Job
Get some rest Sir - we'll do'er all again tomorrow
=================
aside;
Starting over sucks YK - but it necessary until discipline & consistent...
If we are a trader.....
Then everything we;
see..., smell..., feel...., taste...., hear..., touch..., think..., do...., experience..., eat..., crap out
is trading related
All of it = 24x7
RN
YK
Let's see if any of this resonates
Same stock.., different days - two completely diametrically opposed environments
Larger move targets - will only work in one of the above environments
Smaller move targets work in both - plus some additional environments I'm leaving out
We never...
YK
I assume we're trading tomorrow (I am)
What are we going to do differently so as not to repeat last week?
That question is not rhetorical
I would like to know..., because I don't know...., which means I don't know what to expect
That scares the hell out of me...
Wheels came off today
Every thing we been workin on - blown to hell
Discipline wise - you're back to square 1..., we start over
Dammit to hell YK;
Why allow this to happen?
Why piss everything you've (and we've) worked on the last few weeks down the drain?
(both rhetorical)...
Howdy M1
Vast majority of the time - I'm of the mind set - trade is either going to work - or it ain't
This trade - expected to see a down move / with some momo - didn't happen
Did move down w/ momo couple of bars later - but not on this particular trade
btw - longer I hold a loser...
Shorted @ the red arrow (15/ 5 min - DT)..., trade broke down..., exited breach of same DT (circled on the 5)
Within plan - I'd do it again in a heart beat
eta - in this instance DT = double top.., and down trend line LH
RN
Try smaller gains overall - not just in the earlier part
Later in a session - larger moves get harder to come by - typically
Always KISS..., and always strive to make easier
Shit is inherently hard enough already
RN