Feedback appreciated. My Journal Begins...

Upset because, after embarking on this journey, it is filled with psychology. If I do not address the issues I have with not being able to employ patience, I'm surely doomed.

I definitely need not proceed, if I'm not willing to practice this discipline. It is that simple. Something in me wants to continue working on me. Something in me is passionate about changing that attribute in my behavior. I can't explain it and for that I'm sorry. I wish I could.

Use pencil and paper - work out why you can't explain it

Can't fix what we don't understand


http://www.elitetrader.com/et/index...-my-journal-begins.285635/page-9#post-4040271




In closing, I sure hope I do not sound like a babbling idiot. Maybe some might even relate. If so, good. I'm not alone.

We've all been through it

You're going to learn quickly - what you think - does not matter..., what other's think - does not matter


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


Patience is only one issue - there are many


Welcome to trading - it certainly can be a buzz kill

RN
 
I'd be a millionaire if not for myself to, its a tricky battle. ( all the fast cars, faster woman, jet setting I'd hate it, yeah hate it, hate it hate it hate it, no can't make myself believe that )

I can fight my natural instincts most days, last Wednesday i was too tired and head achey went straight back to trading counter trend like a newbie.

Just don't quit and you will get there sooner or later. :)
 
Redneck said:
Upset because, after embarking on this journey, it is filled with psychology. If I do not address the issues I have with not being able to employ patience, I'm surely doomed.

I definitely need not proceed, if I'm not willing to practice this discipline. It is that simple. Something in me wants to continue working on me. Something in me is passionate about changing that attribute in my behavior. I can't explain it and for that I'm sorry. I wish I could.

Use pencil and paper - work out why you can't explain it

Can't fix what we don't understand


http://www.elitetrader.com/et/index...-my-journal-begins.285635/page-9#post-4040271




In closing, I sure hope I do not sound like a babbling idiot. Maybe some might even relate. If so, good. I'm not alone.

We've all been through it

You're going to learn quickly - what you think - does not matter..., what other's think - does not matter


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


Patience is only one issue - there are many


Welcome to trading - it certainly can be a buzz kill

RN
More...
Working out the issues on paper. All of the becauses create more issues! Lol. It's good though.

Thanks for the buzz kill.
 
Turveyd said:
I'd be a millionaire if not for myself to, its a tricky battle. ( all the fast cars, faster woman, jet setting I'd hate it, yeah hate it, hate it hate it hate it, no can't make myself believe that )

I can fight my natural instincts most days, last Wednesday i was too tired and head achey went straight back to trading counter trend like a newbie.

Just don't quit and you will get there sooner or later. :)
More...

Thanks TD. Stop stopping yourself from millionaire status! :cool:
 
jsmacksem said:
Thanks TD. Stop stopping yourself from millionaire status! :cool:
More...

Back on it again, heavily tweaked method, day 1 up 5% area no losers so good start :)

Realistically 20K account USD then make a wage say 5K per month, will do me nicely!!
 
Update:

Yesterday purposefully chose to simply observe PA the whole day. I learned that I really can wait for the best set-ups. I saw a few.

On monday on NQ on 5 minute, there was a perfect pullback after a range break out, and was a perfect signal. The patience really is going to be key for me because this one solid signal didn't occur until almost 1100. Another signal shortly after that too.

I saw three great PB signals today. I didn't trade them. Honestly I was surprise that with PA moving this slow on the screen, that the signals were still there. I liked the slower pace. I didn't feel Like I needed to be in anything, and that I really need to this art of patience.

Been working on that and pretty hard too.

I'll be here in the AM tomorrow, on SIM, I don't know if I'll trade anything though. Maybe I should work on this patience instead of thinking EVERYTHING is a signal.

Early morning today NQ jumped quite a bit. No 5 minute signal in that up move though.

Lately been studying and learning about a belief in uncertainty and that anything can happen and

Predefine Risk
Cut losses quick
Systematic profit taking

-JS
 
Its the uncertainty which makes it trick, risking good money on pretty flimsy setups cayse thats all we have, is tricky and screws with your head.

Definately more about your last 3, a pt saved is a pt less you have to make.
 
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