jasinhbca's quest for discipline, knowledge & profits
- Thread starter jas_in_hbca
- Start date
That looks interesting Tonkadad. I use Ninja too. Is that an indicator or done within properties ?
Thank you.
Thank you.
Sorry not a Ninja user, but somebody will chime in.
No break through but felt like writing.
+14 today. Good tenacity, i suppose.
First two trades in chop. Maybe rested & too eager. Feels like a valid long continuation entry but too early. Stuck with it and the third attempt worked. Entered a bit late.
1 BE trade due to nervous exit. Should have left stop alone.
Last trade a short also entered late. Waiting for too much confirmation.
I like how I held through my nervousness on the +28 trade . Thought of exiting earlier when trade seemed to have trouble moving past a swing high.
Good patience in the HOD chop. (60 minute channel resistance)
Overall, small signs of improvement in ability to trade the plan. That is, my discipline is improving although not as fast as I'd like.
The 5 minute bar alert is nice.
PnL attached
+14 today. Good tenacity, i suppose.
First two trades in chop. Maybe rested & too eager. Feels like a valid long continuation entry but too early. Stuck with it and the third attempt worked. Entered a bit late.
1 BE trade due to nervous exit. Should have left stop alone.
Last trade a short also entered late. Waiting for too much confirmation.
I like how I held through my nervousness on the +28 trade . Thought of exiting earlier when trade seemed to have trouble moving past a swing high.
Good patience in the HOD chop. (60 minute channel resistance)
Overall, small signs of improvement in ability to trade the plan. That is, my discipline is improving although not as fast as I'd like.
The 5 minute bar alert is nice.
PnL attached
Attachments
I take back what I said yesterday. No discipline today. Chop and poor attitude don't go well together.
A little tired today, traffic jam/accident coming in today, trying too hard, FOMO. Got in to office after inv # .
I did not trade with a professional mindset today which bothers me more than the losses. My plan does not adequately address chop. Likely, need tighter stops and more aggressive fading at extremes. Or more patience. It was very clear chop was present so the problem is me. And yet I see a range and think , when this breaks there's going to be a lot of short covering/or longs exiting to make for a great move !
My largest winning days are not often bigger than my biggest losing days. It's a concern that I can only hope will improve with more experience and correct discipline.
0 for 6 , -46 ticks
I considered not trading today because I did not feel as calm and focused as I usually am. But then there's that drive from within that deludes myself to think I can push through it or that I need to make some more ticks this week or get more screen time. Of course there's no logic to that thought process.
Tonight I will get enough sleep and tomorrow I will be rested and patient.
A little tired today, traffic jam/accident coming in today, trying too hard, FOMO. Got in to office after inv # .
I did not trade with a professional mindset today which bothers me more than the losses. My plan does not adequately address chop. Likely, need tighter stops and more aggressive fading at extremes. Or more patience. It was very clear chop was present so the problem is me. And yet I see a range and think , when this breaks there's going to be a lot of short covering/or longs exiting to make for a great move !
My largest winning days are not often bigger than my biggest losing days. It's a concern that I can only hope will improve with more experience and correct discipline.
0 for 6 , -46 ticks
I considered not trading today because I did not feel as calm and focused as I usually am. But then there's that drive from within that deludes myself to think I can push through it or that I need to make some more ticks this week or get more screen time. Of course there's no logic to that thought process.
Tonight I will get enough sleep and tomorrow I will be rested and patient.
Yesterday I realized if I am going to succeed in this biz I need to accept
that some days I will not be in the right state of mind to trade. Not trading is an option. Learning to do this will be like learning to hold winners, a bit uncomfortable at first. I was reminded of the old line
"How bad do you want it"
Today I came in rested & ready. And yet the first two trades I passed on. This never leads to anything good. With out going in to detail I overtraded , forced things and lost the clarity to read the market properly.
7 losers for -51 ticks. For the week I'm down 74 ticks. For the year
-$ 750
I stopped trading mid session so had the additional opportunity cost of
missed trades.
Going forward. Review this weekend why I missed the trades. Actually , I remember now that I was predicting what was going to happen rather than trading what I saw. Thinking that a S/R level would hold so just pass on the trade. Wrong.
Next week I'll compile my notes and sim trade. Next week will be my last week to trade for a few months so I want to have my plan cleaned up a bit so when I start again i'll be ready.
I need to give a lot of thought to my mental plan going forward. I do not have the right mindset currently or consistently.
Nearly every tick I lost the past two days is my fault. When I trade from a confident , calm & patient mindset the market makes sense. I'm more convinced than ever that it's possible to make good money trading. Whether it's just getting my head on straight or a combination of that and more screen time I'm not sure.
It is certainly beyond frustrating. Trades that simply don't work I can accept. My behavior is unacceptable and quite honestly not good for my mood. (But I'll feel better later today)
You’ve a lot on your plate – so I’ll not inundate.., rather nudge (gently)
Our mindset;
Off hours.., we do what we do – think what we think – have the mindset we have
Trading – we can only have one.., consistent.., mindset
And if you haven’t done so.., make sure to note (have listed out) all the characteristics necessary – so you've a baseline to know what you’re aiming for each day
Then have..., call it; a routine / a process / steps - to follow / repeat each day…, before the open.., to get there
===========
The diametrically opposed – yet necessary
Low key – yet; Highly focused
Open & receptive – yet; Protected from external influences
Routine centric – yet; Adaptive & Change-able
Patient – yet; able to pounce and exploit a condition
Opinion-less – yet; decisive action
Single mindedness – yet; while assimilating various views of different TF’s (a plain ole pb on one TF may very well be a reversal on another)
Humble - there is no counterpart to this
================
Continuing;
Less about S/R.., more focus on supply and demand
It is all about the buyers / sellers actions – and if buyers firmly committed.., no amount of former resistance will stop them – same for committed sellers and former support
More emphasis on diagonal – less on horizontal
Small losers –always an absolute
When in a trade.., and working – look for reasons to stay in…, not exit
We can only trade what the mkt offers – how the mtk offers it – as the mkt offers it…
Everything else is us attempting the impossible…, and imposing our will
K.I.S.S
===========
Personal thought;
I’d rather see each day’s chart instead of your PnL (easier for me to figure out what you’re thinking / doing)
================
Godspeed during your hiatus
If while on it you want to talk – lets
In the meantime.., use it to clarify / simplify / solidify
RN
Our mindset;
Off hours.., we do what we do – think what we think – have the mindset we have
Trading – we can only have one.., consistent.., mindset
And if you haven’t done so.., make sure to note (have listed out) all the characteristics necessary – so you've a baseline to know what you’re aiming for each day
Then have..., call it; a routine / a process / steps - to follow / repeat each day…, before the open.., to get there
===========
The diametrically opposed – yet necessary
Low key – yet; Highly focused
Open & receptive – yet; Protected from external influences
Routine centric – yet; Adaptive & Change-able
Patient – yet; able to pounce and exploit a condition
Opinion-less – yet; decisive action
Single mindedness – yet; while assimilating various views of different TF’s (a plain ole pb on one TF may very well be a reversal on another)
Humble - there is no counterpart to this
================
Continuing;
Less about S/R.., more focus on supply and demand
It is all about the buyers / sellers actions – and if buyers firmly committed.., no amount of former resistance will stop them – same for committed sellers and former support
More emphasis on diagonal – less on horizontal
Small losers –always an absolute
When in a trade.., and working – look for reasons to stay in…, not exit
We can only trade what the mkt offers – how the mtk offers it – as the mkt offers it…
Everything else is us attempting the impossible…, and imposing our will
K.I.S.S
===========
Personal thought;
I’d rather see each day’s chart instead of your PnL (easier for me to figure out what you’re thinking / doing)
================
Godspeed during your hiatus
If while on it you want to talk – lets
In the meantime.., use it to clarify / simplify / solidify
RN
I haven't read the whole thread so I must have missed it, but why no trading for a few months?