jasinhbca's quest for discipline, knowledge & profits

by the way, dont bet easily on triple bottoms/tops, they will fuck you..... its just another indicator for your analysis....

otherwhise it would be to easy. And as you know, NOTHING is easy in trading.:)
 
Holy smokes. Crappy trading in missing entries.

I've trained myself pretty well not to chase moves. I realized today that when i'm seeing a quick, big "thrust' bar then i wait to see if it retraces. I hesitate thinking don't chase this one bar. But context is important and i should have been entering these trades which would have resulted in little to no heat and nice gains.

After 5 trades i was -5.50 pts with zero wins. I realized my hesitation was costing me so in the final 20 minutes i jumped on a short entry pullback. Still not the best execution but good enough for 6.50 to finish + 1.00 on the day.

What a relief.

attached trade summary today
 

Attachments

Quote from jas_in_hbca:

Holy smokes. Crappy trading in missing entries.

I've trained myself pretty well not to chase moves. I realized today that when i'm seeing a quick, big "thrust' bar then i wait to see if it retraces. I hesitate thinking don't chase this one bar. But context is important and i should have been entering these trades which would have resulted in little to no heat and nice gains.

After 5 trades i was -5.50 pts with zero wins. I realized my hesitation was costing me so in the final 20 minutes i jumped on a short entry pullback. Still not the best execution but good enough for 6.50 to finish + 1.00 on the day.

What a relief.

attached trade summary today
More...

you do better if you would ve only traded the last trade.
dont you think.
i tell you once more, you must be a lot more picky.
Beeing conservative is the key. Believe me.

I still try in my strategies to become more conservative, but its not more possible anymore.

You must find a way of scenario that you can trust to 100% to risk your money. Price will not move to 100%, maybe to 70% - 90% in the best case, but you must be 100% sure in your decision.

regards
 
Do you really think the rich pro traders make money every day ???
They do not, maybe they try.
But in reality its not so easy.

70% of all possible trades are missed by the trader, because he cant always watch the markets all the time, also some signals are not too clear on the start price move point, and also traders can not trade every possible trade.
They just focus on their goal for the day or the week or the month.
And choose the best trades and dont do anything else.

If you want to make money, you must change your trading style.
Do more historically statistical work, much more. This will never end, its a part of trading, dosnt matter if you are successfull or not.
Statistics are the only thing in trading you can count on, they are the only thing that shows you the real odds/probabilites in the different market situations.

You must learn to read the charts like a book.

Choose your BEST setups and risk MORE on this trades.
Then you will WIN. I guarantee it.....

So start working out you strategies.....
its not coming from real trading, success comes from historical research, that is the basis for your decisions.....

Dont be lazy.....you can be lazy, when you ve made a lot of money..........

sincerely
hatetherisk
 
Thanks HtR. Agree some of my set ups are not the Best. I'm seeing that now. Continuing to watch , study and learn to read the markets. Slow progress but i think i'm moving in the right direction.

Thanks !
 
3 trades + 2.50 pts. (2 BE trades)

Huge volatility after fed statement. Had a slight moment of panic and had to double check to make sure i was flat. :D

Went out to lunch and missed the final 1 1/2 hours. Nice drop. I hate missing that kind of action.

That's about it. Will do some more review.
 
Appears i'm trading scared. Doesn't feel like it but looking at the results that's what it looks like.

I'm exiting slightly profitable trades at the first hesitation in price. Getting out for 1 pt or less gain then missing 5 , 6 or more points. Mental thing i'll work on by staying calm and focus on price S/R

Once again trading tired today with predictable results. I knew there was lots of opportunity today so that added a little pressure to do well. Stupid mindset.

7 trades -6.75 pts

Beating myself up for mistakes doesn't work for me or motivate me. ( Learning from my mistakes i always try to do.) So not going to dwell on todays performance. At the same time i can't become complacent and continue to accept my poor performance.
 
Possible Entry >
Gather Conviction >
FORM HYPOTHESIS (describes only exit criteria) >
ENTER trade >
Stay in Until HYPOTHESIS is valid on Chart.

P.S. above material is copyrighted ;)

Gudluck,

Guru

:cool:
 
You must log in or register to reply here.
Back
Top