Feedback appreciated. My Journal Begins...

[Redneck]

now you need to get back to your part....which is to; GET BACK TO THE BASICS.

As much as I don't want to humble myself and go there....again...

I have to. I have to take those steps back to move forward.

JS

If you really think you need to "humble" yourself - to get back to the basics

Then you have yet another hurtle to overcome

The "basics;

Is where I live
Is where consistency abundant
Is where repeat-ability overflows
Is where success thrives

You look down on the basics..., as you must lower (humble) yourself to return (and even reluctant to return)

I bask..., even revel - in the basics


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

On another note

There is everyday mind set / activity

Then there is trader mind set / activity

I know you read where I told J - there is a different to be aware of when he returns

Deaf ears - appears

RN

 

[jsmacksem]

JS

If you really think you need to "humble" yourself - to get back to the basics

RN

Humble - to lower in dignity or importance.

How is that a hurdle? Operating from the basics such as yourself, is an honest sort of humility IMO. You've come to appreciate/thrive/operate in the basics.

Shouldn't I?

It seems your discouraging me from stepping back.

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

Last thing I want to do is disagree on terminology, but since when was HUMILITY a bad thing?
I don't believe I've added that connotation. Stepping back IMO is also a good thing. To "unlearn" things. Your words. Seems I've learned things I shouldn't have. Stepping back.

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

Am I interpreting your words correctly? So that I'm clear, humility=good. Basics=good. I didn't mean to give any interpretation that this was bad.

 

[Redneck]

Should ever I give off even the slightest inkling that with regard to trading;

Humility and sticking to the basics - are not necessary...

Nor..., both are not absolutely good things

Then I am competently full of shit..., and likely lost any common sense I have

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

Yes. As much as I don't want to humble myself and go there....again...I have to

How should I have interpreted this quote - specifically what I underlined


Freudian slip perhaps (think on this)

RN

 

[jsmacksem]

Should ever I give off even the slightest inkling that with regard to trading;

Humility and sticking to the basics - are not necessary...

Nor..., both are not absolutely good things

Then I am competently full of shit..., and likely lost any common sense I have

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




How should I have interpreted this quote - specifically what I underlined


Freudian slip perhaps (think on this)

RN

First, thank you for taking the time to write here. It means a lot to me.

I'm sorry the above quote was not more clear. I do this often. I'm not a very good writer.

"As much as I don't want to humble myself and go there....again...I have to"

This is another one of the trader's paradox. The world see's humility as weakness. Society sees it that way. Humility is absolutely essential in trading, I believe. My quote should have ended with more clarity such as "I get to, or I must". I don't put myself above it.

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

The portion you highlighted says "as much as i don't want to". It's now ironic to me, because that statement to me "admits" my need for humility. The need to focus on basics. I'm admitting a weakness. That's how I meant it to be shared. This is the hurdle to overcome that you mention. I'm just admitting it.

Are we saying the same thing?

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

Again, I'm glad I don't write novels. Or do I?



Thanks RN,

JS

 

[Redneck]

"As much as I don't want to humble myself and go there....again...I have to"

This is another one of the trader's paradox.

The world see's humility as weakness.

Society sees it that way.

Humility is absolutely essential in trading, I believe.

My quote should have ended with more clarity such as "I get to, or I must". I don't put myself above it.

Don't believe it - know it - to your core

Aside;

Funny thing about the normal world (society);

To be a winner - one has to be a winner - losers are frowned upon / shunned


In our world;

To be a winner - one must be a good loser - up to and including becoming a willing expert at losing

I do so love this gig

The portion you highlighted says "as much as i don't want to".

It's now ironic to me, because that statement to me "admits" my need for humility.

The need to focus on basics. I'm admitting a weakness. That's how I meant it to be shared.

This is the hurdle to overcome that you mention.

I'm just admitting it.

Are we saying the same thing?

I believe we are..., just wanted to ensure you're not resisting getting back to the basics..., and you appreciate the necessity to get there..., remain there

Again, I'm glad I don't write novels. Or do I?

So long as we don't think one up while in each trade - it all good


RN

 

[jsmacksem]

I believe we are..., just wanted to ensure you're not resisting getting back to the basics..., and you appreciate the necessity to get there..., remain there





So long as we don't think one up while in each trade - it all good





RN

I definitely appreciate the necessity, and I need to remain there. Thanks for making sure that I'm doing this.

And no more novels.

-JS

 

[jsmacksem]

RECAP:

4 TRADES: 3L and 1W: -$19.60

Today was back to basics, and the process was enjoyable. I'll review the trades technically later tonight, but for now I'm focusing on The Emotion, Flawless Execution, and fully believing in the probability game that I play.

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

Technically, the first two trades went significantly in profit, then vanished. Trade 1, I set the target incorrectly. I'll work on that later. Trade 2, it just didn't work, even though it was 5 points in the green.

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

Highlights about The Emotion:

First, every trade was objectively identified really well, according to plan. They were also all acted upon without hesitation.

But lets talk about trade 4. The hardest one for The Emotion today. Trade 4 was initiated after 3 losers. But, after entry waves of anxiety approached. I experienced the fear of losing...again. So in my journaling, two...if not three things need to be believed at a fundamental level that I'm going to work on..

1. To embrace/accept the trade's risk....before entry...ask "Do you fully accept the possible of consequences of this trade not working? " If these are accepted, there is no threat to be perceived. Even at a loss.

2. The JOB, The Objective, is to earn a small loss, or profit target. This is the job.

3. Do I fully believe this game of probabilities? If not, why not. No trade is connected to last or the next. Is there consistency over a series?



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

Tried to go back to basics today. Though not a profitable day, it was great to learn more today about The Method and The Emotion.

Chart attached.

-JS

 

[Turveyd]

3. Do I fully believe this game of probabilities? If not, why not. No trade is connected to last or the next. Is there consistency over a series?

Correct, there is consistency in the way it moves, but you've got to accept all trades are at best, best guess, when you can accept that and still function then your a trader.

I'm getting to the stage, where I'm best if I can see maybe 30mins on the chart, enough to see what's happening, but not enough to create a bias and think, thinking is the enemy

That's how useless I find history recently these days.

 

[jsmacksem]

RECAP:

1 TRADE 1W = +$209

2 TRADES in my head = 1 W 1 L

Not much to say. I spent a lot of time today in the trading plan working on some things. Making things more simple.

I implemented a new technique for managing trades which actually allowed one of the trades "in my head" to be a winner instead of full stop.


-JS

 

[jsmacksem]

Update:

Boy have I learned a lot in my journey! I continue to learn a lot as well. Thank you to everyone who has contributed and continues to root for my success.

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

I'm on vacation currently, and wanted to send a quick update. I've devoted a lot of my journey towards psychology. It is very important. I will devote a lot of my future trading to psychology as well. Having learned so much in that department, and also having learned how to continue improving in that department, it's time I spend considerable time defining, redefining, observing, and building a solid Method that is professional.

I'm going up against some great minds, and it's time I treat The Method with that much importance.

To coincide with this journey, I won't be trading SIM. I learned that if I have to think while trading, that there are answers about the approach that has to be answered. There either is a trade, or there is not a trade. There isn't a question of, is this it? Do I exit here? Do I enter here? Do I hold? Do I stop trading? Do I continue trading? If any question arises about ones approach to markets, I'd assume the Trading Plan is not yet complete. A complete one answers all of these. No questions asked. But an approach also needs to be built with the right Mindset as well.

-=================

For the next weeks or months, I'll post updates about the building process I'm going to go through. Maybe it could help those considering on taking on such a task.
I feel I've been on the right road for a while, and I believe I'm continuing on that right road.

Happy trading and success to you all,

JS