ES Journal - 2017/2018

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RRY16 said:
What about missed trades due to bias?
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One way I avoid bias is to not look at charts above my time frames. It's not that I don't have an academic interest in where the market may go but I make my money by taking my signals and trading my rules. I don't make any money by trying to tell the future.
 
speedo said:
I don't post trades for two main reasons:

1 No one has my trade plan or are they looking at my charts so it might make little sense to another and could distract from their own trade.

2 Posting a trade tends to make me more emotionally invested in that trade and I find that counter productive.

In the same vein, I seldom pay attention to others trades unless they do something that really stands out like taking a series of entries counter to the trend (in my time frames) or multiple adds to losing positions. It's not for me to judge what someone else does but those things create cognitive dissonance and that's a distraction.
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Posting trades is mostly for the poster and maybe a little for reader. It allows accountability to yourself and a little bit for the reader. It also helps smooth out the emotions involved in trading.
 
I like to see posted trades to see what others are thinking. But I never let it influence my position. Even the guys I know from here for 10+ years are wrong 30% of the time. Spooztop probably aligns closest with my trading style so if we are on the same thought then it usually pays well. In the end if you are not a lone wolf then you will not succeed long term in trading.
 
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