crude light marathon

Quote from clightmarathon:
A negative day again.
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Yes, you will keep repeating this outcome for as long as you choose to engage in the same behaviours. Once again someone who will not learn, who refuses to be taught, and who takes comfort in the opinions of those who also do not know what they are doing.

Once again your trades today, whether signalled or not, are bloody shocking. You ought not to be trading live at all unless you wish to lose your money. I'm not telling you this to make myself feel better, but because it is the truth and if you listen you might save yourself some money. What of the motives of people who tell you to blunder on regardless?

I care nothing for your opinion as to whether I am overly critical of others. What I posted was true, constructive, and helpful - that is for someone with the common sense to process what I was saying and ignore all the irrelevant banter.

You are aspiring to compete in a professional environment. You should not let considerations which are social in nature take priority. How I treat others should be less of a concern to you than what I am trying to illustrate, from a professional posture, about what you ought to be doing to earn success in the markets.

Perhaps NoDoji doesn't corrupt people after all - she just spouts the generalities that they want to hear and provides the encouragement that makes them feel better about aimlessly jacking away their money with haphazard hit or miss trading. It appears that you understand her a lot better than you understand me, and perhaps that has something to do with your mindset, quality of thought, and ultimate results.

Sweet :)
 
Quote from clightmarathon:
I know my trading is imprecise and not good enough yet, if I were a perfect market timer I probably never started this public journal. But according to your initial posts you were not a perfect trader either out of the gate.
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That is contradictory to your stated purpose of trading live to make money.

Quote from clightmarathon:
My current strategy works well with CL.
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This comment borders on delusional.

Here is a summary of your trading in terms of what I consider acceptable trades:

Day 1: 1 out of 4 executions
Day 2: 0 out of 4 executions
Day 3: 0 out of 2 executions
Day 4: 1 out of 3 executions
Day 5: 2 out of 4 executions
Day 6: 1 out of 3 executions (but you shit yourself on it and get out for a scratch)
Day 7: 0 out of 2 executions
Day 8: 0 out of 3 executions

So in 8 days you have placed 25 trades, 5 of which were in the correct place, but only 4 executed without shitting yourself. 4/25. That means you'll get 16 trades right out of 100. Rather you than me, pal.

To address the other comments: thanks to Oracle Wizard for the definition of "blotto". I enjoyed that immensely. As for the definition of noise you posit: "Market noise is the seemingly mindless back and forth movement...." - yes, mindless indeed isn't it?

As for the comments about indecision - the ordinary definition is an inability to make a decision. Still nobody is able to explain clearly what they mean by this, and why the term indecision is appropriate. The last comment I saw was from NoDoji saying that indecision was decided by reference to a moving average. I give up.

It appears few here are educable, so there is little point in my continued involvement on this thread.
 
Quote from clightmarathon:

We agree on this one and so don't post in this thread.
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La la la, fingers in my ears, I'm not listening. Please do continue with your journal though - I could use some light relief from time to time.

And good luck with your trading!
 
Quote from clightmarathon:


#3: -0.11
A valid signal . Stopped out.
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Next time you're trading the midday mush, knock on the door, we can help you squeak a 20-tick profit out of the mess one way or another :p
 
Quote from clightmarathon:

A negative day again.
#1: -0.15
A trade I filter out in tests. But I took it here. No explanation.

#2: -0.16
A trade I don't even take in tests. There is no signal here.

#3: -0.11
A valid signal . Stopped out.

There is no point talking about other signals I did not take.
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Marathonian, get a trading buddy in Skype, Messenger, etc.

Then tell him/her what your trading plan is and where you will take the trades.

Then tell hir (just saving a few keystrokes, well maybe not, damn! :D ) when you take the trades or simply get a remote presentation tool that shows hem your DOM.

See if that helps you stick to your trading plan.

Good luck/skill and please don't feed the trolls - or at least don't quote them, that negates my wonderful Ignore list :)
 
Quote from clightmarathon:

The purpose of this journal:
To help myself to become consistently profitable through "public" scrutiny and accountability.

Instrument traded:
Crude Light.

Trading hours:
I am in Europe, so I will trade both London and New York hours.

Methodology:
Discretionary scalping and intraday swing trading using price action flavoured with few MA's and trend lines.

About myself:
I have been trading for a while now. I don't want to mention how long I have been struggling with inconsistency.
You would think I am insane or hopeless. Either I should have given up or turned the corner already. But I did not.
This journal is my final attempt to become consistent.

Basic assumption:
My system works and has an edge. This assumption is based on manual back and forward testing, and occasional live winning streaks lasting 1-3 weeks.

The main problem:
Lack of discipline originating from my fear of pain from losing.

Manifestations of the main problem:
- Not entering all signals. I always find reasons to avoid entering. And finally when I enter I have the cunning ability to cherry pick my systems losing trades. The other day I had some 15 signals, 5 losers and 10 winners, I handpicked the signals for entry and managed to pick 4 losers.
- If I somehow finally enter a trade, I quit following my exit rules and exit early on most winners. I always take my stops though.
- Rouge trades: trades not according to the plan, always out of frustration and revenge after mistakes.

After entering a trade my state of mind changes abruptly. I am in the fight or flight state, and I become a completely different person. It is very interesting, I really take trading as a self discovery process. I always did, but never thought it will be so difficult.

The premise:
I hope that the fear of public humiliation and ridicule for not following my own rules and my own plan is bigger than the fear of pain from losing. Also, I might receive suggestions I have not thought of from fellow traders.
I will find out doing this journal.

Signals:
I have 3 types of signal I have been trading.
- type I: trend continuation signal - faster trends.
- type II: trend continuation signal - deeper retraces.
- type III: counter trend signal - If I expect deeper retrace I enter counter trend signals.
-------------------------------------------
- type IV: experimental for larger swings. I hope that If I can follow my rules on my scalping trades, I can enter and hold for larger swings.

Risk management:
I hate when a trade goes much against me (who does not), so my signals evolved so the entries are such that the trades should not go against me more than 15 ticks. I guess one can do better than that.

- risk per trade: currently risking 15 ticks max per trade
- profit targets: 15-30 ticks at the moment
- after 10 tick profit I move stop to break even
- after 2 consecutive losses I will stop trading for the day

How to improve discipline:
By honestly posting my progress here.
I believe discipline is like a muscle, it needs to be exercised, and it needs to penetrate all aspects of life. So for this final attempt, which I will not fail, I decided to register and prepare for a marathon as well which will be at the end of February to improve my discipline in my trading. I think consistent trading is like running a marathon. But how would I know? I have not done either one.
I will post daily and weekly summary of trades and progress. Since I mostly scalp, I don't intend to post real-time trades.
I will also post charts when I feel it is necessary.

Other:
I am rather an introvert person, and this “public” journaling is not that easy for me, but I am at my wits end how to change myself, and hope this angle or approach will push me out of this long lasting self-sabotaging behaviour.

In short: I have a trading plan, if a signal occurs I have to execute flawlessly. Only an accepted signal can get into my normal journal and statistics. Even if the entry was a mistake, I can only exit with my normal exit rules.
If I mark the signal on my chart I have to enter it. It is that simple. Currently I mark all the signals on the chart but mostly enter the losers, and exit the winners early.

I know I am the nth person and this is the nth journal with this type of problem on this forum, and I read many of them learning a lot from them. Journaling worked for some and it did not for others, I hope I will be in the first group.

Your comments are welcome.
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count the number of times you mentioned i or my or me,the market doesn't care about you,only your money ,and you are only here for the money ,so ditch yourself,your in your own way,just let there money and your money dance,you stay on the sidelines,keep all your personal shit out of trading,the market does this and I..uh uh..the market does this period....just pick the money out of the air and stick it in the acct...the market and the acct exist....market and the acct are the big picture,you should just be a stamp on an old bill,disappear into a junk drawer...you are hanging around being the center of the universe ..you can take the picture out after trading hours and put it on display...but while trading make yourSELF disappear
 
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