jasinhbca's quest for discipline, knowledge & profits

shutting down

very frustrated once again.

not looking for pity.. no comments necessary. just trying to document the journey and figure out what i'm doing . trading chop and some bad reads. some discipline issues .

if i sell a break out it fails , if i don't sell it, it drops. normal stuff.

on some level i am learning. At least i hope i am. I'll admit i'm disappointed in myself but i will figure this out.

-19.75 points. yes really.
 
You saw my trades for today... The thing I simply don't seem to be able to get in my head is:

SIT TIGHT AND WATCH until you can read what is going on. If you don't do this you trade what you EXPECT to go on. Two VERY different results. But because I want EVERY swing I get involved before the quality of the PA is known.

So what if I miss the first couple of GREAT swings.. Great, clean swings are a sign of a good trading day so why not wait until it reveals itself.

This road CAN be forever.. it really can be. It is possible in 10 years the same patterns are repeating.. Starting TOMORROW do what you haven't done before so you can make profits you haven't made before.

Sorry about your loss.. I can feel it.
 
Thanks. you had a nice comeback btw.

I think lack of patience at times comes from trying too hard. for me at least. The hard thing to do and the correct thing to do would be to have patience. Trying harder sometimes means doing nothing. Not what we are typically use to doing.

It's a vicious cycle. A couple losses lead to trying harder and more trades.


Quote from Rashid_G.:

You saw my trades for today... The thing I simply don't seem to be able to get in my head is:

SIT TIGHT AND WATCH until you can read what is going on. If you don't do this you trade what you EXPECT to go on. Two VERY different results. But because I want EVERY swing I get involved before the quality of the PA is known.

So what if I miss the first couple of GREAT swings.. Great, clean swings are a sign of a good trading day so why not wait until it reveals itself.

This road CAN be forever.. it really can be. It is possible in 10 years the same patterns are repeating.. Starting TOMORROW do what you haven't done before so you can make profits you haven't made before.

Sorry about your loss.. I can feel it.
More...
 
I have just finished reading your journal.
Thanks for sharing your travel.
It is almost a year you started it and I see progress, I wish I can tell that in a year myself.
You got many great advices from jokepie and others.
Please, continue, and post charts if it is not much of a hassle.
 
I've had days like that and they suck. You gotta always keep in the back of your mind the question "Is this a sideways chop day?"

I didn't do well either but kept it small. Plus it was sim so didn't feel so bad :) On the other hand, I made a killing in this past month in sim. :)

Keep at it.

S.
 
Clight & Snowman,

Thanks guys .

I was mostly frustrated with myself yesterday. I do believe the market can be read so it's not a futile attempt but a patience and control myself issue.

Although a better understanding of PA is always what i'm striving for too.

:)
 
one thing i've tried doing lately is primarily trade direction of major trend. today took all shorts because trend on 30 minute chart was down. I'm not so thrilled with the idea. Some nice long trades after a quick reversal at the lows i passed on .

trying some new ideas and working on patience

- 2.00 pts
 
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