jasinhbca's quest for discipline, knowledge & profits

[jas_in_hbca]

Thanks Humpy ! I appreciate the advice. I'll take a look.

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Been pulling my hair out this week. Just not seeing set ups clearly then no doubt my mind starts making 'em up. Getting too many trades that go + 2-3 then stall out and exit -1.00 or worse.

So when all else fails (and the Vix < 15) switch back to CL !

Yesterday I traded CL a bit and was +8. Today did a lot of watching, patience, then took one of my basic set ups. Nice to see something familiar. Used a 25 tick target exit. I'll be back to CL tomorrow. Only the one trade today.

CL will not turn me suddenly into a profitable trader. ( Or maybe it will.) Still, reviewing and carefully watching the interplay between the 1 min & 5 min. And the 15 as well.

Going back to CL made me patient today and I was looking at things slightly different. More aware of S/R and overall context ? IDK

My confidence really needed that win today.

 

[Redneck]

J

It's vital we not only create a method / approach that matches our unique personality.... but also that we choose the correct instrument

CL fit you better - it's all good


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BTW - don't glean confidence from the wins.., or losses

Rather from following the process / routine(s)

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And remember to always celebrate the victories


RN

 

[jas_in_hbca]

yes, I think the confidence came from following the plan and seeing it work. trade stalled a bit at plus 10 and the thought of exiting occurred. Stubbornness or experience kept me in. mostly the latter and knowing I 'm supposed to give it some room.

anyway doing what I know I 'm supposed to be doing felt good.

thanks RN.

 

[jas_in_hbca]

Quitting early and will do some review later.

1 bad trade and missed a couple shorts but overall enough right to be +31 in CL. Lowered my 25 tick targets a couple ticks based on S/R levels. The last trade I particularly like as the entry area was tested twice and I did not panic or exit for a small profit. That's been a problem for me in the past.

So nice to feel in control of my trading/self again !

One thing I need to review is that given the bias down I should have had more shorts. Only took 1 short.

 

[Redneck]

J,

One thing to help stay current (our ass in the moment)

As the context – on your TTF becomes stale (no longer in play) – delete it


I’ve found if I keep a TL / zone on my TTF after its no longer in play – I would keep referencing it

That in turn helped perpetuate a bias within me – that no longer was appropriate



Cleaner the chart - clearer the eyes..., and more we're directed toward what price is doing


Just a thought

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btw

Quitting early = a form of letting go

Hot damn!!!!!


RN

 

[jas_in_hbca]

Thanks, I agree.

The other day I also added an additional 5 min chart with the intent to keep it clean for an occasional unbiased look. Then I forgot to refer to it. ops:

 

[jas_in_hbca]

No trades this a.m. Off to a seminar in a bit and tomorrow same schedule.

 

[jas_in_hbca]

2 CL trades +6. Mistake on first trade not exiting sooner; -11. Better on second, nice patience but should have been quicker to adjust target ;+17. Which means trust the method and follow it with better discipline.

More discipline ! But good trading.

 

[Redneck]

J

Instead of you - busting your balls - about what you should have done


The woulda..., shoulda..., coulda - that is totally useless bullshit

Oh..., did I say that it was totally useless bullshit - good..., just makin sure




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Allow me to introduce you to what I am sure is a totally foreign concept (assume my voice dripping w/ sarcasm at this point)

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Trading plan

1.) Signal / Entry
2.) Initial Stop loss signal / Stop loss price
3.) Target / Method of managing trade


Each trade must have one – each plan must be followed

And the most the most important aspects are highlighted

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So - you either followed it..., or deviated


If you followed it - enough already with the woulda / coulda - and beating yourself up

If you didn't follow it - please continue


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You..., are the only..., and best - friend - you have..., or will ever have - when trading

When it necessary - be strict

The rest of the time - be kind..., and love him

RN

 

[jas_in_hbca]

I think the woulda, couldas either are coming as a reminder of what I should be doing or as a way to impress my ego. Either way it's not necessary. Done with the woulda's..

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+1 on 1 trade today. Great job of patience on a pretty choppy day.

Happy thanksgiving traders !