Is it just me? Trade entry remorse

[themickey]

I know both you and comagnum are correct. So, who's advice should I follow?

Trading is an individual pursuit so you can only advise yourself, however I can give an opinion. And that is, if you are asking this question my immediate belief is you lack experience, therefore trade small, take baby steps, remember - never rush at placing a trade, day after day, week after week, month after month you will have the opportunity to place trades, therefore don't blow your dough on 2nd rate opportunities. Take your time, cherry pick the best, be a trading sniper!
When you believe you have mastered a good technique with proof of a growing bank account, that's when you smack 'em with size.

 

[Jdesey]

@Jdesey

Waiting for the update today!

Day off from trading. Traveling. Back
On Monday.

 

[Overnight]

It is like every trade I take , Immediately goes against me, yes a great percentage work out and I make money... but it still doesn't help when I enter and it is like the market says "oh that Jdesey guy is in, ok let's move the opposite direction"...

Just one thing to mention here. I missed your contention on this...

Ever notice how it happens on sim just as much as it happens on live? It is not what the markets do...It is what you perceive that they do. How about trying to work into your trading plan that fact? For many trades this will not happen of course, but this is just our PERCEPTION of the market psychology. You cannot simply expect the market to never go against you on an entry. You'd have to be very lucky to enter at a point with zero pullback from your entry up until your target. MAE = 0 and all that.

But the market does not know you, does not know "jdesey", and gives less than to Shiites about you or your entry.

And I do not care if you mean a highly liquid market like ES, or an illiquid market like forward-month MGC. It matters not.

 

[themickey]

Just one thing to mention here. I missed your contention on this...

Ever notice how it happens on sim just as much as it happens on live? It is not what the markets do...It is what you perceive that they do. How about trying to work into your trading plan that fact? For many trades this will not happen of course, but this is just our PERCEPTION of the market psychology. You cannot simply expect the market to never go against you on an entry. You'd have to be very lucky to enter at a point with zero pullback from your entry up until your target. MAE = 0 and all that.

But the market does not know you, does not know "jdesey", and gives less than to Shiites about you or your entry.

And I do not care if you mean a highly liquid market like ES, or an illiquid market like forward-month MGC. It matters not.

I agree.
I know diddly squat about intraday trading.
But for EOD trading the vast majority of my trades go against me the first hours. Most often my trades are placed on around market open and it's usually only toward the end of the day or following day(s) when they move in my favour.
So for me, most of my placed trades are like random entries and I'm not going to spend time worrying about it, the end results are what matters.
The point I wish to make is that short term direction is very difficult for me and possibly for others.

 

[zdreg]

uh... yeah buddy, thankx for rubbing it in... basically I tried to re-enter the short, I had a solid signal, but got stopped out. The remainder I pissed away on CL.... no mistakes in method, just got whipped out of 2 trades

But when I am a perfect trader who does no wrong like you GOTCHA, then I will be set.

"But when I am a perfect trader who does no wrong like you GOTCHA, then I will be set."
you have a short fuse. people who personalize do not have the right mindset to be profitable traders.

 

[SunTrader]

Ahh, so you posted the average daily range over those time periods. Sorry, you weren't clear about that in the post I replied to.

Perfectly clear to a day trader.

 

[punisher]

It is like every trade I take , Immediately goes against me, yes a great percentage work out and I make money... but it still doesn't help when I enter and it is like the market says "oh that Jdesey guy is in, ok let's move the opposite direction"

like today, I had an awesome NQ short for net 23 points.... but of course right off the bat I think I went -4 points ....

I'm just saying

Does your method have a fixed parameters? Or do you account for a difference between range/trend day and change parameters accordingly? I.e.: trend day=smaller size and larger stops/targets.

 

[rajesheck]

People rely too much on technical analysis and past indicators -- and are basically closed and small-minded dimwits (no offense, that's just reality)

You should instead take a collective, philosophical, open-minded, dynamic approach, to the market,

I could be more specific on what I mean -- But I don't think it would even matter that much...it's heavily discretionary, and dependent on the person,

Yes.

Stock trading needs business mindset not technical mindset, because stock trading is business.

Since any novice can open an account and start trading with investment of any imaginable sizes, the majority of voice sounds technical or gambling.

 

[johnnyrock]

Yes.

Stock trading needs business mindset not technical mindset, because stock trading is business.

Since any novice can open an account and start trading with investment of any imaginable sizes, the majority of voice sounds technical or gambling.

Technicals can be used to identify your price point for your business/trading inventory.

If you want to gamble open a restaurant in America.

 

[rajesheck]

Technicals can be used to identify your price point for your business/trading inventory.

If you want to gamble open a restaurant in America.

IMO business mindset + psychological insights about market + studying the trend with naked eyes = professional approach.