you may be waiting for the perfect setups, thats a good approach, the maybes will become clearer over time, trade only the setups you know . now and always
jasinhbca's quest for discipline, knowledge & profits
- Thread starter jas_in_hbca
- Start date
Thanks, Ammo. looking forward to the maybes becoming clearer.
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Nice move in last half hour but had called it a day and was at lunch.
Another move around 8:30 missed due to my commute. Rethinking this split shift type trading. Just need to start getting up earlier like last year.
Still feels like I'm getting my trading muscles back in shape. But of the trades taken, believe they were managed well.
+4.00 today
First, thanks RN for the reply in Slugars thread re: my stop placement question. My approach is the same.
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Ok, last week did not trade much on thurs and Friday. Ended the week -2.75 NQ points. My focus has not been good last several weeks. The short trading days I took did lead to time spent elsewhere; exercising, time w/ the wife, futzing around the house etc. All in all a much needed break. Now, finally, I feel rested and ready.
No more split shift trading. Just getting up early, coming to the office and if I miss the first 15 minutes of trading, oh well.
The pre-market free writing exercise i'll likely not continue. Seems I get as much benefit or more just doing some deep breathing and calm self talk before trading. The meditation I will continue doing.
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Today was a day of testing ones patience. Bias up , mostly a range. Arguably my first exit was early and missed a chance for re-entry. Passed on two other longs due to time of day and my read of the range (around 8:30 and around 9:00). Overall, I like the way I traded.
+ 8 pts
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Ok, last week did not trade much on thurs and Friday. Ended the week -2.75 NQ points. My focus has not been good last several weeks. The short trading days I took did lead to time spent elsewhere; exercising, time w/ the wife, futzing around the house etc. All in all a much needed break. Now, finally, I feel rested and ready.
No more split shift trading. Just getting up early, coming to the office and if I miss the first 15 minutes of trading, oh well.
The pre-market free writing exercise i'll likely not continue. Seems I get as much benefit or more just doing some deep breathing and calm self talk before trading. The meditation I will continue doing.
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Today was a day of testing ones patience. Bias up , mostly a range. Arguably my first exit was early and missed a chance for re-entry. Passed on two other longs due to time of day and my read of the range (around 8:30 and around 9:00). Overall, I like the way I traded.
+ 8 pts
Tues - 7.25, trades taken managed well. It's the trades I'm missing that is hurting my performance.
Today, wed. Terrible narrow range not conducive to my type of trading until about 11:30. I had called it a day about that time and went to lunch. That must be one of the Traders Law's - the market will have the best move of the day as soon as you are not watching.
Only took 1 trade for + .25
There's a feeling that if I don't have a solid week soon (less missed trades, patient trade management) then I'm going to fall back into the dead end road of mediocrity. There's a fine line between patience and fearful hesitation. I'll try to be aware of the need to get out of my comfort zone. Within reason, of course.
Today, wed. Terrible narrow range not conducive to my type of trading until about 11:30. I had called it a day about that time and went to lunch. That must be one of the Traders Law's - the market will have the best move of the day as soon as you are not watching.
Only took 1 trade for + .25
There's a feeling that if I don't have a solid week soon (less missed trades, patient trade management) then I'm going to fall back into the dead end road of mediocrity. There's a fine line between patience and fearful hesitation. I'll try to be aware of the need to get out of my comfort zone. Within reason, of course.
Iâve been concerned about that
When you left â tax season â you were in unfamiliar and uncomfortable territory
And why â when you returned couple of weeks ago - I said we need to get you back out onto that ledge - asap
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Gotta push though this J â it is you â fighting you
Youâre scared and unsure â been there
Now..., figure out why
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The hard path is obviously to move forward - we need to do just that
RN
Yesterday I gave some thought as to why I'm hesitating and missing trades. the root cause near as I can figure at this point is Uncertainty of outcome along with my un-wanting to give up control of the trade. I'll explain. If I wait for confirmation to the point of "Yes this is the trade !" then if it works I'm proven correct or more likely I was correct because I wasn't guessing. If I take the trade when the set up is there but outcome is unclear (as it always is) it feels like guessing to me and if it works I didn't 'earn' the win.
The solution is to continue to recognize and embrace the uncertainty. My job is to identify the set up and if I've done that I've earned whatever the market gives me. i'll give this further thought.
today only took 2 trades but was thinking of the uncertainty of the outcome with each entry and pulled the trigger. Both were good entries. Not great profits but it feels like a small step forward. Still missed several good trades.
focus going forward will be acknowledging uncertainty on each trade
+ 7.75 today
The solution is to continue to recognize and embrace the uncertainty. My job is to identify the set up and if I've done that I've earned whatever the market gives me. i'll give this further thought.
today only took 2 trades but was thinking of the uncertainty of the outcome with each entry and pulled the trigger. Both were good entries. Not great profits but it feels like a small step forward. Still missed several good trades.
focus going forward will be acknowledging uncertainty on each trade
+ 7.75 today
Youâre still too attached to this trading gig - too much a part of it
My cat has put on a winning trade - what did he earn - other than being banned from the office during session hours - nothing
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We identify a signal... we enter... we manage - we then do it over again
If you need to earn something - earn the right to say you followed your process - to the letter with 0 exceptions
uncertainty is a fact of the mkt..., base how you view yourself / what you've earned - on that - you'll go nuts
RN