Feedback appreciated. My Journal Begins...

Well hell..., either I've pissed you off.., or you're scrambling to make ready

Since you wish to be a trader - I'll assume the latter

==============


Here's what a trade plan looks like - make one for each trade

Then follow it to the letter.., until the trade is exited

No excuses..., no exceptions

Each trade;

1.) Signal / Entry
2.) Initial Stop loss signal / Stop loss price
3.) Target / Method of managing trade


=======================

Tomorrow..., forward - is about routine..., it is only about following the routine

The result of each trade - do not matter one bit

Questions - ask (I will respond..., but it'll likely be EOD)

============

You don't know..., you get scared..., you get nervous..., you have doubts..., you think you're looking / trading like a damn fool.., you fuck up


We've all been there

You will get through it..., you will survive

Ultimately the goal is to thrive

==========

You find out the shit you have now..., ain't working - it can be changed

But only after hours are you allowed to change it

Journal everything (thoughts / actions / questions / issues / trades / results / type of day / etc.., etc)


==========

Regardless the outcome tomorrow - no ego - the result do not matter

Only that you follow the routine (this will matter your entire trading career)


Rome wasn't built in a day.., and neither will you career

Have patience..., keep your head down..., keep moving forward

Trade well tomorrow


=============

Successful Journey Sir

Oh, and btw..., Welcome..., to my world :)

RN
 
Last edited:
Forgot to add

You forthcoming actions will determine if we agree


And so we shall see

=====================

One final thought;

Trading is strictly pay for performance

And

Trading is only about making money..., by protecting capital first..., making money second

Everything else is noise

========================

Clear your head and get some rest..., please - tomorrow your journey begins - in earnest

RN
 
Redneck said:
Good

Good


Not even close;

I am a dumbass trader - who knows nothing

I am a dick (heartless hard ass)

I except no excuses... and give none

I expect no quarter - nor give any

I am a stingy bastard

I take money out of the mkt..., and give back as little as is necessary

I put my pants on one leg at a time - like everyone else

I have good days.., and bad - like everyone else

Hell.., I even think my dog and cat have fleas - and maybe time I bathe them

My kids..., think I'm the dumbest sonofabitch in the universe - and at times - they are 100% correct





Very true

Like the mkt is

Like trading is

Like I try to be every damn day




Think of my words as pragmatic…, and experienced


Fact..., No words can ever come close to being as utterly

hostile…, unforgiving…, destructive…, demoralizing.., emotionless

As the mkt is



Build a shield... which allows you to see and exploit..., yet not experience.., nor be consumed by

recall that is one of your longer range "to dos"





No place - is there so much freedom..., beauty..., and simplicity..., nor torturous hell - as there exists in one's mind


You forthcoming actions will determine if we agree







You forthcoming actions will determine this

I assume you're completely prepared for tomorrow's open

mentally..., as well as SIM / set up / trade plan outline / TTF wise

if not - then no time like the present to get prepared






And please…, never feel it necessary to apologize to me


We are no better or worse – simply different


I am a dumbass…, who knows nothing - period


RN
More...

Yes please bathe your pets. :)

I'm going to view your words as pragmatic.

If you've got to be a hard-ass because the market's a hard-ass...then I'll toughen up a little. I understand.


That longer range to-do is continually being worked on. Even today. Douglas book is helping a great deal in that. Amazing how fear can be self-fulfilling.

I'm also ready for slower pace of the 5 minute. In the future, might consider 1-3 minute for entries, for now, 5 is perfect.

I'm prepared.

Be up early tomorrow, ego check, my ONE set-up, and trade plan.

I spent time this evening trying to incorporate horizontal landscape into my chart. I've never done that before. Woops. Read a little from Al Brooks, and slugar also taught me a little about his zones via PM. I have to work on the horizontal part and learn to define S/R. It's a good idea to watch these zones and current PA around them.
 
Redneck said:
Well hell..., either I've pissed you off.., or you're scrambling to make ready

Since you wish to be a trader - I'll assume the latter

==============


Here's what a trade plan looks like - make one for each trade

Then follow it to the letter.., until the trade is exited

No excuses..., no exceptions

Each trade;

1.) Signal / Entry
2.) Initial Stop loss signal / Stop loss price
3.) Target / Method of managing trade


=======================

Tomorrow..., forward - is about routine..., it is only about following the routine

The result of each trade - do not matter one bit

Questions - ask (I will respond..., but it'll likely be EOD)

============

You don't know..., you get scared..., you get nervous..., you have doubts..., you think you're looking / trading like a damn fool.., you fuck up


We've all been there

You will get through it..., you will survive

Ultimately the goal is to thrive

==========

You find out the shit you have now..., ain't working - it can be changed

But only after hours are you allowed to change it

Journal everything (thoughts / actions / questions / issues / trades / results / type of day / etc.., etc)


==========

Regardless the outcome tomorrow - no ego - the result do not matter

Only that you follow the routine (this will matter your entire trading career)


Rome wasn't built in a day.., and neither will you career

Have patience..., keep your head down..., keep moving forward

Trade well tomorrow


=============

Successful Journey Sir

Oh, and btw..., Welcome..., to my world :)

RN
More...
Not pissed off. Only seeking to understand you.Thanks for assuming the later.

I'll have trade plans for each including those three points.

I'll journal everything you mentioned.

Thanks for the "warm" welcome
 
11/3/2014 PREP.

Price made an enormous climb pre mkt friday 10/31.

Current trend is still up on daily, however price has "almost" reached the upper channel extreme.

After pre mkt climb on friday, price ranged in a 20 pt range all day, slipping through the top to quickly make a new high for the day.

Areas I'm watching. All day Friday price has found resistance at the 4152 to 4154 area. Price broke through an up-trend channel demand line, which began on thursday 10/30.

Resistance noted, if support is found here instead, we have friday high at 4163.5.

Support areas are the bottom of the range all day friday--4132-4136. Further down is the massive pre mkt move friday which has not been revisited at all.

A zone of resistance created 10/28 was tested again 10/29 and failed, and again 10/30 and failed, and then became support later on 10/31 with the large pre mkt move.

That area is still noted because it might be in play later. Or not. We'll see. Nice to know it's there in case.


Plan
Trading One Signal

Plan for each single trade.

Journal any questions, thoughts, issues, concerns, fears, ...etc...

I'm back on SIM BTW, until real consistency is found here. So sense pissing away money.

Let's Dance,

J
 
Chart prep
 

Attachments

  • 3nov14prep.jpg
    3nov14prep.jpg
    183.1 KB · Views: 32
The best thing I've learned in the last while is keep your losses small and accept them as part of the process. To me the entries are easier to learn than the exits but when I learned to trust myself with taking a small loss it became easier to enter. Now my next step is to learn to let the winners run.
 
slugar said:
The best thing I've learned in the last while is keep your losses small and accept them as part of the process. To me the entries are easier to learn than the exits but when I learned to trust myself with taking a small loss it became easier to enter. Now my next step is to learn to let the winners run.
More...

Thanks slug. Using 1 min helped me with low risk. However, it also contributed to my crack addiction with trading. Lol. I do hear what you are saying though.

Losses--small,contained--are part of this biz. Accept it.

Thanks
J
 
We can do everything correctly... follow our routine exactly - and the trade still breaks down for a loss..., or works for a profit

We can do everything completely bassackwards/ incompetently ... simply throw on a trade..., & to hell with our routine - and the trade still breaks down for a loss..., or works for a profit



Heck of a way to make a living - but that's how it is

Manage losers first (keep em small)..., make money second

======================

Trade well today Sir - & screw the results


RN
 
You must log in or register to reply here.
Back
Top