jasinhbca's quest for discipline, knowledge & profits
- Thread starter jas_in_hbca
- Start date
I was very patient and calm today as I exited trades on normal pullbacks. Sheesh..
Loved my entries though.
Aiming for a bit more improvement tomorrow.
Loved my entries though.
Aiming for a bit more improvement tomorrow.
Finally a good day. Made up for yesterday + some. I still don't understand why i take out of plan trades. Yesterday I was doing exact opposite of what I should have. I have to remember to anticipate at key areas rather than try to react. The increase in volatility threw me off a little too. But I like it.
I keep re-learning that when I'm patient and take the proper set up and context then I have a good chance at being profitable.
This was one of my best trades. Good patience on the normal pullbacks
I keep re-learning that when I'm patient and take the proper set up and context then I have a good chance at being profitable.
This was one of my best trades. Good patience on the normal pullbacks
Attachments
To continue…
You have the knowledge
You have the skill
You have the tools
You have the signals
You have the ability to make a plan for each trade – and follow it – at times
Only thing you do not yet possess - ?
========================
Aside;
The guy I’ve come to know…, wants this pretty bad – has…, and continues.., to work his ass off for it
========================
I assume you saw what I last posted in Slugar’s Journal – about routine
Emotional maturity -> discipline -> willingness to follow the routine
Time to leave the old ways behind J – they simply do not work when trading - other than sporadically
It sucks..., but it is necessary
From the heart
RN
You have the knowledge
You have the skill
You have the tools
You have the signals
You have the ability to make a plan for each trade – and follow it – at times
Only thing you do not yet possess - ?
========================
Aside;
The guy I’ve come to know…, wants this pretty bad – has…, and continues.., to work his ass off for it
========================
I assume you saw what I last posted in Slugar’s Journal – about routine
Emotional maturity -> discipline -> willingness to follow the routine
Time to leave the old ways behind J – they simply do not work when trading - other than sporadically
It sucks..., but it is necessary
From the heart
RN
Thanks RN . I will be studying 'me' this weekend.
Got in late today and took no trades.
+20.75 pts for the week.
My win rate is too low due to out of plan trades and my profits are too low from not taking enough valid set ups.
Got some thinking to do and some discipline to acquire.
Got in late today and took no trades.
+20.75 pts for the week.
My win rate is too low due to out of plan trades and my profits are too low from not taking enough valid set ups.
Got some thinking to do and some discipline to acquire.
Tomorrow..., and beyond
The routine of – getting one’s head straight / centered (preparation)
The routine of – consistently creating context (more preparation)
The routine of – sitting patiently while waiting for / identifying – one’s signal(s)
The routine of – taking every signal / creating a trade plan for said signal – then following that plan to fruition
The routine of – managing (controlling) each losing trade
The routine of – taking singles…, sometimes.., maybe.., a double
The routine of – grinding it out each and every day
================
Trade well - screw the outcome
RN
The routine of – getting one’s head straight / centered (preparation)
The routine of – consistently creating context (more preparation)
The routine of – sitting patiently while waiting for / identifying – one’s signal(s)
The routine of – taking every signal / creating a trade plan for said signal – then following that plan to fruition
The routine of – managing (controlling) each losing trade
The routine of – taking singles…, sometimes.., maybe.., a double
The routine of – grinding it out each and every day
================
Trade well - screw the outcome
RN
exactly RN.
There are no more ah-ha moments I need. it's time to stop trying to be a trader and just Be a trader.
There are no more ah-ha moments I need. it's time to stop trying to be a trader and just Be a trader.
A trader told me the other day via PM that I am personalizing this process of learning and trading. That I am not my method.
I suppose I knew this but the message that I am not my method makes sense to me now in a way it never had before.
My first response when hearing I am not my method was my ego saying how do I get credit for making money ? Me , my ego, has spent a pretty fair amount of hours studying and writing a plan. The future success I have is because of that plan. There ya go, Ego . Congrats you wrote a plan that works. Meanwhile I need to be the calm, objective operator of that plan. It's one of those subtle mind shifts that make a difference.
I've noticed some improvement by thinking this way. I'm more aware of remembering to just be the operator. It seems a bit less stressful and detached. Still lots of room for improvement. I'm better on the entries than the management still. Overall, optimistic about my plan and my ability to develop the ability to execute it.
Slightly positive this week. 5.25 pts Not exactly pleased with that. The operator is still learning his job.
Leaving tomorrow for my annual guys trip to Cabo. Which due to hurricane Odile was hastily re-planned and re-booked to Puerto Vallarta.
Back in the States next Tuesday. Trading maybe next Thursday.
I suppose I knew this but the message that I am not my method makes sense to me now in a way it never had before.
My first response when hearing I am not my method was my ego saying how do I get credit for making money ? Me , my ego, has spent a pretty fair amount of hours studying and writing a plan. The future success I have is because of that plan. There ya go, Ego . Congrats you wrote a plan that works. Meanwhile I need to be the calm, objective operator of that plan. It's one of those subtle mind shifts that make a difference.
I've noticed some improvement by thinking this way. I'm more aware of remembering to just be the operator. It seems a bit less stressful and detached. Still lots of room for improvement. I'm better on the entries than the management still. Overall, optimistic about my plan and my ability to develop the ability to execute it.
Slightly positive this week. 5.25 pts Not exactly pleased with that. The operator is still learning his job.
Leaving tomorrow for my annual guys trip to Cabo. Which due to hurricane Odile was hastily re-planned and re-booked to Puerto Vallarta.
Back in the States next Tuesday. Trading maybe next Thursday.