Frustrating Day

[mlawson71]

My biggest question here is how you managed to do 80 trades in a single day. Do you use a robot? Did you do it manually?

 

[Mtrader]

Exercised this morning, ate a good breakfast, got in front of my screen on time, made about 80 trades, fought hard to keep my gains and avoid losses.. and finished the day up $13.

Sigh. All that time, and what did I get out of it?

"Don't get frustrated, and don't get emotional is what my friend always tells me." Not so easy!

Can you show a 5 minute chart from what you traded, just the evolutionof the market, no indicators or other secrets.
And probably I can tell you what you did do wrong.

 

[birzos]

Exercised this morning, ate a good breakfast, got in front of my screen on time, made about 80 trades, fought hard to keep my gains and avoid losses.. and finished the day up $13.

Sigh. All that time, and what did I get out of it?

"Don't get frustrated, and don't get emotional is what my friend always tells me." Not so easy!

Have the answer for you, always good to receive bulletins at the weekend. Last week showed the start of 'perfection', if you do not do everything perfectly you will have to fight like there's no tomorrow to stay neutral.

Even if you do everything absolutely perfectly it may still implode, an example is the $2bn of gold dumped on the market. Most traders use the fight approach for marginal gains to stay above neutral, using the margin of error to their advantage, that's now a thing of the past.

Perfection 'slow is smooth and smooth is fast', but if you have confidence in your perfection it becomes very interesting very fast.

 

[Gary Lynn]

Friday was boring, frustating, and so on day ???

Simple things are the most extraordinary things, and only the wise can see them.


http://screencast.com/t/nKqGJbUSa

 

[profitlocker]

I've had years of successes followed by failures and back to success..its a roller coaster of emotions , disappointment and renewed passions vowing never to make those mistakes again only to repeat them a few weeks later after a row of new success after having tossed out those new rules you come up with. Passion and love for the game will keep you returning.View attachment 167074

I had this problem years ago while developing an approach. The problem was solved by quantifying/journaling every single trade on a spreadsheet to eventually optimize my method to generate serious alpha. I refused to accept mediocracy. It was a grueling and monumental task. The approach is second nature nowadays, but I still fill my spreadsheets to keep my mind right.

 

[Frederick Foresight]

This is not true. Traders saved Joseph's life! They pulled him out of a well, into which he had been thrown and left to die. See Genesis 37.

Word on the street is that it was a wishing well, and Joseph was busy collecting coins when he was rudely interrupted.

 

[Frederick Foresight]

I refused to accept mediocracy.

Then be sure to vote wisely.

http://www.dictionary.com/browse/mediocracy?s=t

 

[Frederick Foresight]

Religion is a belief, nothing more- we trade our BELIEFS about the market, nothing more.

Have you objectively tested your religious beliefs?

 

[Frederick Foresight]

10 successful paper trades in a row before I start to trade again ...like a sobriety check. If I miss one I start at zero until I get 10 in a row. Frustration should be lower

Ten profitable sim trades in a row before you commit money again? I think your frustration is just beginning.

 

[Frederick Foresight]

Have the answer for you, always good to receive bulletins at the weekend. Last week showed the start of 'perfection', if you do not do everything perfectly you will have to fight like there's no tomorrow to stay neutral.

Even if you do everything absolutely perfectly it may still implode, an example is the $2bn of gold dumped on the market. Most traders use the fight approach for marginal gains to stay above neutral, using the margin of error to their advantage, that's now a thing of the past.

Perfection 'slow is smooth and smooth is fast', but if you have confidence in your perfection it becomes very interesting very fast.

http://www.dictionary.com/browse/self-medication?s=t