Deep thoughts...

Hola pimps!

I caught a 2 day cold (Thur/Fri) from some dishrag whore's kid last week. 1st weekend since Chr*stmas that I stayed in the entire weekend. Quick review of last week and some musings...
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4 23 through 4 27 12
*out sick on Thur 4/26 and Fri 4/27
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16 trades
5 wins
4 losses
7 b.e. (keystroke errors and regular b.e. trades)
win% not including b.e. 55%
win% including b.e. 31.25%
+2.91% roi on the week
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One of my motivators for being disciplined and trading an intraday method with an edge is reading about other fellow schmucks; but they have a 50hr+ work week and how it sucks their soul day after miserable day.

Here is a post from someone on Stern Fan Network about his job...

"My employer fucking sucks. They've gone through a dozen employees since I've started working there 20 months ago. They overload you with work so you either can't take it and get fired or you get tired of the fast pace and you quit.

I got a raise last month, a bonus and the promise of a promotion next year but I am tired of working all the time. I get home no earlier than 6:30 and am in bed by 9pm because I'm so tired."
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Monday a.m. musings...

When in doubt--err the side of caution. Why?

Are you out of your fucking mind thinking that every single trade and setup should be blindly taken (especially if right on the 'cusp' of your trading plan)?

Those that have many thousands of hours in front of live markets know exactly what I am referring to. I wrote the following in my trading journal today (nice day--up +3.57%) and to my trading partner.
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Reduce risk at appropriate trade levels
Reduce exposure by properly monitoring trades
Reduce stress by taking setups that are crystal clear; trades one is uncertain on are not part of a proper & proper trading plan.
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Result is less drawdown. Smoother equity curve.

Final result is steadier trading with SIZE and hitting one's weekly/monthly trading goals for 'ticks per month.'

peace

Archbishop Hedvig Von Dikkeman V
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Tuesday thoughts...

Was so sleepy this a.m. Even my 'jet fuel' (expresso) wasn't helping.

Thought about quitting for the a.m. before 10am PMI.

That emotion is gay and faggot; I fight it.

Active day for me.

When you want to quit early--remember, don't go the gay way in trading. Fight it.

This is the job and the working conditions are very cushy compared to the bump & grind 95% of worker's in U.S. endure.

Ya gotta want it & you gotta need it.

You must also adhere to your trade selection and trade management @100% at all times; if you have discipline issues--let 'the poison out' outside of market hours.

Know that you are a machine when you are on the clock.

Final thought. The longer I refine being a pervert {ponderous practice} the EASIER it is to do the 'work' in front of the screen.

Trading becomes a numbers game where your edge plays out week after week. The ego is fed with younger flesh that is provided after the work is done.

There is no wife {if a bachelor-type person}--no 'live-in companion' and no spawn to fill up your free time with endless 'busy work/awful repetitive responsibility.

You don't have to justify or tell or explain to anyone what you do/when you do it/how you do it. Autonomy is achieved. For a man--that is when it gets interesting (to me, at least).

Markets and your trading now become just a source of

a) disciplined professional execution and accumulation of money (to make everything in life a bit easier along the way).

b) a way to keep one's mind sharp and busy and a reason to wake up early in the a.m. (if in the U.S. trading primarily U.S. instruments).

c) satisfying because you followed through on your plans and used your edge and are now reaping the rewards of all that work.


Peace

Hedvig
 
Friday musings...

Relentless repetitive rule-based trading defines your edge.

Below are my notes from my journal today...however; let us discuss more important things, shall we?

I drink my drink (right now) and take a hot tub. It has warmed up here on the lake and young whores are heating up for Cinco De Mayo and spring arrival of whores flashing their pussies; it is what they have to work with.

So I better pace myself later today--going to Chicago for the weekend celebration. That will be my 'treat' to myself for a good month of April trades.

Will exclusively party on the west side. It is going to take courage. I don't skydive or mountain climb but I do enjoy the adrenaline rush of going into new neighborhoods that I have no fucking clue what will happen and not knowing how the night will end.

One thing I do look for is knives in the latin-american community. I also remember that every hot little piece of meat has a brother or cousin nearby that is looking to 'take a piece out of me.'

Strategy is always take the 'package' out of the environment asap and keep mobile.
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Now, if you are a professional trader you track your 'avg. trade' net net totals each week.

If you are a 'size' trading professional you then sit down and {trading by exception only} you KNOW that after every 'so many trades' on avg. your edge is produced with 'avg. trade' X's the contract ### per trade.

You are prepared to lose each trade you enter (accepting that risk). You

a) enter trades properly
b) manage trades properly
c) honor your daily trading limits
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Finally, each month you reward yourself and do something with a small amount of the money earned you normally wouldn't do.

Weekly, bi-weekly & monthly stats are sufficient. Daily stats as well (but don't let each day affect your trading).

If the stats warrant an increase in trading size it is because you EARNED it trading your plan; not because you think you need to make more income on a weekly basis.
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Ended a good week with 5 out of 5 winning days and now 11 out of 12 winning days since I had my stretch of 3 out of 4 losing days.

Largest DD has been less than $3000 or less than 3.5% over the last 5 weeks. Always stay in control in trading and your trading will take care of you.

This week was a bit choppy but I navigated nicely. 12 wins/8 losses for 60% win rate and $455.00 per trade (avg. trade--includes wins and losses).
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3 trades/1 win/2 b.e.
+1.2% roi on the day

Peace

Vice-chancellor Hedvig Von Dikkeman V
 
Fuck the French and fuck Oil's big move on Sunday night! That is my statement.

The real weakness of my intraday trading shows through today (or a strength).

All the moves in QM and NQ were false breakouts with no follow through OR momentum breakouts that then reversed quickly.

I am a pullback trader w/confirmation. Timeframes today rarely agreed in the times I trade.

I am also a confirmed breakout trader; none in the times I trade presented themselves properly.

To top it off those damned Brits celebrated that Pagan Holiday "May Day" so I got up early for fucking nothing to trade 6B @7am est.

I sat on my ass for 4 hours and executed 1 trade--and even that fucker couldn't go more than 13ticks in my favor; cunt!

1 trade today for -1tick {b.e.}.

I don't even feel like going out and abusing some stupid clueless hair academy student down the street I have been stalking for 8 days.

Drinking freshly squeezed juice and eating a healthy dinner too. Must be prepared for tomorrow's trading.

Watched a good webinar archive here: "Conquering the 8 Roadblocks to Successful Trading"

https://pfgbest.adobeconnect.com/_a...?launcher=false&fcsContent=true&pbMode=normal

peace

Hedvig
 
Tuesday manifesto. I went into deep relaxation and listened to this on my headphones this a.m. to get focused.

My edge comes from

a) patience for a proper setup to form
b) proper execution without hesitation when getting into a trade
c) precise trade management through the completion of each trade
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I work up to 4 hours each day because my edge plays out over time.

My drawdowns are low because of proper position sizing relative to my margin.

I never risk more than my pre-planned $$ amount.

I check my notes each a.m. for important concepts/rules/caveats for each specific market I trade.

I know that 95% of the time that each 20 trades that I win or lose that my expectancy will be positive.

Finally, I concentrate on not overtrading nor executing excessive keystroke errors and manage my trades to their logical target based upon common sense and my meticulous rule-based trade management plan.

This prevents me from exiting a trade prematurely.

My reward to risk is never less than 2:1 and goes up to 3.25 to 1

I read very few journals of other traders because I am not in competition with them.

The process of trading is satisfying to me because it balances out my right-brained impulsive personality with rigid discipline and allows me to earn a living.

Their is no wealth without work.

I enjoy what I do and I am willing to work more for myself to reap the long-term rewards.

I spend my free time pursuing young pussy because it is a deeply satisfying open-ended leisure-time activity that allows me to express my deviant and prurient psychopathic tendencies; in a phrase it 'helps get the poison out.'

peace

Archbishop Hedvig Von Dikkeman V
 
Of course!

The final frontier in trading is 'iron-willed' discipline with near-flawless execution and steely-fucking resolve.

Without it you should probably just work a real job.

Armed with it though; one gets to have the freedom that buying and selling money gives.

I still attend at least 1 archived or real-time webinar on psychology every week.

It is burned into my brain. Basically, successful traders brainwash (in a good way) themselves with repetition so that the concepts soak into the subconscious.

Every Sunday I skip that supernatural worship thing that some people do and read from my own good 'book(s)' on psychology and trade management and technical analysis.

peace

Archbishop Hedvig
 
Quote from stephan31:

Tuesday manifesto. I went into deep relaxation and listened to this on my headphones this a.m. to get focused.

My edge comes from

a) patience for a proper setup to form
b) proper execution without hesitation when getting into a trade
c) precise trade management through the completion of each trade
------------------------


Archbishop Hedvig Von Dikkeman V
More...

your edge comes from eating meat for breakfast.
 
Um,

I need to BREAK that 'fast.'

Had a nice piece in Chicago for Cinco De M(eat)ayo.

I'll pedal my bicycle around the lake after work today and see if I can't snatch up some whore, then cage her overnight so I can feast tomorrow morning.

peace

Hedvig
 
At times, I peruse the 'P&L' thread; a HUGE PIMP sometimes posts there. I am not sure if it will post here but it was HUGE--kinda like the dude who wrote 'I am Mr. Market--I am huge--bring me your finest meats & cheeses!'

http://www.elitetrader.com/vb/showthread.php?s=&postid=3521305#post3521305

http://www.elitetrader.com/vb/showthread.php?s=&postid=143949#post143949

And where in the fuck is my PIMP Mark Brown; my man--let us use your handicapping method and make some HUGE coin, eh?

I like Santa Anita, Saratoga, Churchill Downs, Hollywood Park and Belmont!

Let's ROAD TRIP!!

http://www.elitetrader.com/vb/showthread.php?s=&threadid=237397&perpage=40&pagenumber=2

rallymode

Registered: Dec 2005
Posts: 1263



05-04-12 06:41 PM
Solid day. Half the gains came in the last 20 mins.
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Some huge player 'Rally Mode' has some 'career days'--is he trading stocks or futures or ??
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The following was my journal and notes to my trading partner.

For the record, my largest day was a paltry 35K; I am quite conservative by nature. That was during that Russian meltdown in 1996 or 1997 and I was short big time and was still working with my psychotic 'coke-snorting French-cigarette chain smoking former mentor' and that was one of the times that we were properly allocated using our method with ultra-discipline and forthright belief.

In my humble opinion--the following markets do support 100-400 contracts within 5-15 seconds (even if you have to punch in 100 contracts every 5 seconds--reasonable; 'cause these markets absorb it nicely @active times).

If one traded 200 ES futures contracts and had a 10pt day (larger outlier) one would earn (gross)

200 X's $500 ='s $100,000 in a day.

T-Bonds 300 contracts X's 24 ticks (3/4's of a point) {@$31.25 per tick} ='s $225,000

This fucker {rallymode--I speak your name}--(I surmise he is real) is a huge pimp!

But succesful traders never compare themselves to other traders and concentrate on sharpening their edge and building their business responsibly and with steady resolve.
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I have a 5 year goal to spend {6 months per year in Portugal--no drug laws and age of consent of 14 and 6 months either in Cabo or Vancouver {lax drug laws}; I have the method(s) and the iron-will-discipline and am good for 48 weeks+ per year and always insist on fast internet and my own bedroom w/bathroom within 10 feet and peace & quiet.

Yea; and NO snatch within 100 feet of me when I am working. I don't give a shit if that busted blonde whore Kate Upton (flat tits/no waist/flat ass) was in my space during trading hours; unless she actually gave me 3K for the day--I would kick her ass to the curb.

Nobody fucks with me when I am trading--no one should FUCK with you when you are trading either, right? I don't even know my cell phone number; though I do admit that I periodically check ET during slow times of trading {though I never allow snatch inside my house when trading}.

Days like yesterday & today (in earlier permutations of my psychology 27+ years ago when I was 18/19 years old) would bug the SHIT out of me; now I realize I relentlessy reduce my exposure and take what the market gives me--honoring my trade-management and ruleset and shut it the fuck down @10:58am and DON'T look back.

I stand by my 20 'legit' trades analysis; my EDGE plays out every full 20 trades, indeed.

I know this to be true.

Finally, I haven't even unleashed my 'breakout' OKC R930 highest win% trade and WILL NOT until another 100+ paper-trade real-time 'fake trading.'

Methods that one trades NEED to PROVE a define-able 'small but consistent' edge.

The trader that lives/breathes/honors those approaches with iron-willed discipline and exacting trade management will ALWAYS be profitable every 20 or 30 trades (full wins/losses).

This typically occurs every week to 10 trading days.

I continue to keep risk low (I trade like some like some ultra-obnoxious focused robot) and let myedge play out.

Markets are dynamic but traders that move the markets exhibit 'static' crowd psychology--and that allows me to execute my

a) 1st pullback in a trend with higher timeframe confirmation trades with at least 2 to 1 up to 3.25 to 1 r.r

b) confirmed momentum breakouts (with 3X's higher timeframe confirmation); I enter on a pullback for very very low typical risk and a nice 'static' yet juicy 2.5 to 1 r.r.

This did nicely today for 2 nice winners.

peace

Archbishop Hedvig Von Dikkeman V
 
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