I Need More Accountability - Sim P/L

The entry on the first trade of the day pretty much nailed the first Pt. 3 of the dominant down channel, so I was pleased w/ that. But I struggled with the Gaussian reads for most of the day :confused: Especially this a.m. , it seemed the non-dom traverses would occur on greater volume than the dominants. The lack of number of trades today attests to my continued confusion in this area. I will continue to watch and (hopefully) learn ...
 

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I've answered WGTrader's question elsewhere, but in case anyone else would be curious, these bars are called Flutes, available within Ensign software. Basically, just a graphical presentation of intra-bar volume activity.
 
Although the results are again quite modest, I felt better after today's session. It seemed that I was able to anticipate points of change a bit more accurately, although the market did oblige by providing some much clearer Gaussian forms to guide the way. I like to think I could have produced better results had it not been Grand Central Station around here, what with phone calls, wifey, dogs, etc. Each day is a new 'trip' :)
 

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More of the same - quick to take profits in countertrend mode. It's quite evident I have a mental block against joining the trend, and I think it's exacerbated by the p/l - so, starting tomorrow, to hell w/ the p/l :eek:
 

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I'm sure you've read Spydertrader's post:
I don't make error's based on P & L. When I make an error, I have failed to read the market correctly for whatever reason. In such a case, I immediately recognize my error and immediately take action to fix the incorrect action I previously made. The distance price has moved before I take corrective action results from a factor of time. The faster I recognize my error, the more likely I end up with a small profit or wash trade. The longer it takes for me to recognize my error, the greater the opportunity for me to experience a loss. Those that have seen me trade live often note how quickly I reverse position once I recognize me error. I do not play the game of thinking, hoping or believing "it will come back." I take immediate action.

I hope the above post provides the clarification you were looking for.

- Spydertrader
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In essence: don't hope, and don't be afraid ... just MADA!

Quote from mephistoII:

More of the same - quick to take profits in countertrend mode. It's quite evident I have a mental block against joining the trend, and I think it's exacerbated by the p/l - so, starting tomorrow, to hell w/ the p/l :eek:
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Hopefully I can show up tomorrow, Tums. Apparently, malware has got the best of me here and I haven't determined yet what I can or cannot do on this machine. IE is totally corrupt, but luckily had Mozilla installed,and was able to get on line. The last bootup showed problems w/ Paltalk, so don't know if I can reload through this browser - will try later tonight. I'm half afraid to try the trading stuff, because I hate computer problems, and if it doesn't function, I will be hard to live with. Today's results attached ...
 

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