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    Sonny2010 ES discipline

    3/27 - 3/28 No trading; became a bit busy. I found myself a bit shaky after getting clobbered the other day, so I decided to take a break and only get back into it when: 1.) I've used the SIM some more for strategy purposes 2.) I successfully test out another system I've been meaning to try...
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    Sonny2010 ES discipline

    Red after commission. I'm at a standstill about whether to keep venturing forward, or, like so many before me, swallow the losses and move on with life. *I have confidence in my method, but not in my execution of the method.* I was up substantially, met my daily goal by 11:00, and then...
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    Sonny2010 ES discipline

    3/25 Flat before commission. I had 2 internet connection issues. The first time it dropped out, it came back in 1 minute. The second time, it didn’t. I realized my router was turned the wrong way. By the time I fixed it and was re-connected, the market had danced the other way and I closed the...
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    Sonny2010 ES discipline

    Green after commission. Out at 12PM, hard stop. I set an alarm on my desk clock. I had a very good morning. 15/18 trades. It was a highly active morning, so I took more trades than normal. 2 of my losing trades were large, so I need to get comfortable cutting them even shorter. A fine-tuning...
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    Why do traders fail?

    Learning from your losses. I mean, really learning. Not just "noticing" something. If you can keep learning, you can keep improving. The trick is sticking to the rules you built from the learning process. I noted in my journal that I'm entirely convinced the great traders don't have a special...
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    Sonny2010 ES discipline

    Green after commission. 14/15 accurate trades. Shut it down 11:45AM. Similar feel for the trades as yesterday. Very nice. Notes: I clipped my losing trade early (or, I should say earlier than I would have a few weeks ago). I know that if I hold on to it, the trade might come back a bit, but...
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    Sonny2010 ES discipline

    Green after commission. Unplugged at 12PM today. Following the discipline. Good day overall. I only traded 1.5 hrs. I once told myself in my equities days that I wouldn't trade with important news pending (random development in the China situation, Fed surpise). I'm confident to trade any...
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    Sonny2010 ES discipline

    Green after commission. Unplugged at 12PM. Following the discipline. Good day overall. There was a very large volume order placed at 11:57AM that pushed the market up by 10 ticks in a minute. That must have been a single 500+ contract institutional order. I didn’t take a nice trade that I...
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    Sonny2010 ES discipline

    Thanks, wrbtrader. Appreciate the feedback. You hit the nail on the head: A bit of greed after a good morning + fear of missing out + trying to prove my process can work in the afternoon are the main culprits. I'm trading from home, and I am alone in the house all day. I'm a professor and...
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    Composite Volume Profile for NT8

    Can anyone recommend Rancho Dinero for Composite Volume Profile on NT8? I've seen it mentioned in a few threads. I'm trying to get a better read into how far retracements/pullbacks can go intraday. I was learning about how to read the "nodes" of the daily composite profile for this. Not sure if...
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    Sonny2010 ES discipline

    Green after commission. Unplugged before 12 PM. Following the discipline. Good day overall. The 11:10 market drop was fun to see as a learning opportunity. I don’t yet have the guts to go big on these kind of waves and just ride them. I’m sure some do, but I go in and out when I’m at high...
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    Sonny2010 ES discipline

    3/15/2019 red after commissions. Shut it down at 11:30 AM per the discipline. Last 2 trades were profitable, so let’s start the weekend on a good note. I was profitable on all of my smaller trades, and lost half of my larger trades. Those losses ate me. The smaller trades executed in the same...
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    Sonny2010 ES discipline

    I'm curious how well this has been working for you. Have you had any results from this, or are still finely tuning? I like idea of setting a limited # of trades since it forces you to make each one matter. I'll think about this...
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    Sonny2010 ES discipline

    3/14/19: Red I was perfectly flat (which counts as a green day for me: see below), but took 2 more trades (out of boredom?) that went against me. I put my honest mistakes below and added some thoughts from the last 24 hrs. Learning from Losses: I was re-analyzing some of the Wizards series...
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    Sonny2010 ES discipline

    Thanks, Simple. Handcuffs indeed. Glad to see I'm not alone. I notice the market slows down precipitously after 12 PM. I've noticed the process works between 12 PM and 1 PM for me, but it is very slow and painful to watch. This makes me prone to boredom mistakes. Plus, I don't like being in...
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    Sonny2010 ES discipline

    Thanks, Nobert. You're correct. I've been writing more things down as I progress. Seeing/remembering the feeling is helpful. Right, the 100% discipline rule is non-negotiable.
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    Happiest memory (thus far) of trading?

    Making 5 figures in a day and knowing why. That was when I realized it'd be worth the market tuition to learn how to do it repeatedly.
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    Sonny2010 ES discipline

    I thought I'd start this to keep myself accountable. I only say this because I've been making the same mistakes repeatedly, and it's been costing me. I've been consistently profitable in the AM sticking to my strategy religiously, but frequently screw it all up in the afternoon by wanting more...
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