Correct yourself ? You mean stop and reverse or correct YOURSELF- attitude.
thanks, JP
i WILL get this trading game
jasinhbca's quest for discipline, knowledge & profits
- Thread starter jas_in_hbca
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Correct yourself ? You mean stop and reverse or correct YOURSELF- attitude.
thanks, JP
i WILL get this trading game
2 trades 9 points. + 4.25 & + 4.75
Good entry on first trade, no hesitation.
Did a good job of avoiding chop although there were some missed opportunities.
second trade . using initial 3 point stop now kept me 1 tick from being stopped out. My 2.25 stop i had been using would have taken me out. This is the way to go start w/ 3 and tighten if price structure allows. I'm also watching price and seeing where stop would be if i entered to help find good entries when i can. But mostly still if price action dictates an entry i just focus on pulling the trigger.
+6.50 pts for week. I'll take it.
Good entry on first trade, no hesitation.
Did a good job of avoiding chop although there were some missed opportunities.
second trade . using initial 3 point stop now kept me 1 tick from being stopped out. My 2.25 stop i had been using would have taken me out. This is the way to go start w/ 3 and tighten if price structure allows. I'm also watching price and seeing where stop would be if i entered to help find good entries when i can. But mostly still if price action dictates an entry i just focus on pulling the trigger.
+6.50 pts for week. I'll take it.
yesterday -5.75. today +3.00
I think yesterday i figured out my edge. Focus. I was tired yesterday and didn't feel focused. The entries weren't bad but they just didn't work. I was kind of going through the motion of identify set ups but not having the feel for it.
Today should have been much better. I got nervous on the last short and bailed out. That would have been THE Winner of the day. Easily +10 maybe + 20. For the most part today I traded relaxed and enjoyed the process.
The psychology of trading is knowing how you react in certain situations then being aware to try to react properly next time. Getting there s l o w l y.
I've decided this will be the month where my trading takes off !
I think yesterday i figured out my edge. Focus. I was tired yesterday and didn't feel focused. The entries weren't bad but they just didn't work. I was kind of going through the motion of identify set ups but not having the feel for it.
Today should have been much better. I got nervous on the last short and bailed out. That would have been THE Winner of the day. Easily +10 maybe + 20. For the most part today I traded relaxed and enjoyed the process.
The psychology of trading is knowing how you react in certain situations then being aware to try to react properly next time. Getting there s l o w l y.
I've decided this will be the month where my trading takes off !
I see improvements but watch out for that greed
Thank you. I will.
Mostly try to focus on my mini goals. Enter without hesitation, verbalize PA action out loud (i've found it helps me), and stay calm and manage trade based on PA (failed a bit on that today)
Thanks.
Mostly try to focus on my mini goals. Enter without hesitation, verbalize PA action out loud (i've found it helps me), and stay calm and manage trade based on PA (failed a bit on that today)
Thanks.
if you have a big losing day because you messed up, don't expect it to win it back in 1 day. If you messed up understand it will take multiple days or weeks to get it back
...BLES
I swear i'm watching 'em
Yep made that mistake before. And like you warned i've had a winning streak then pushed too hard.
My big problem used to be chasing 'cause i was always afraid i'd miss the next big move. But I've missed so many big moves i've gotten used to it so just focus now on trading well.
Thanks.