jasinhbca's quest for discipline, knowledge & profits
- Thread starter jas_in_hbca
- Start date
Close your eyes for a sec, RN.
+10 today.
OK open 'em.
I did really well today ! Objective was to take valid trades, avoid micro managing stop and target and stay calm. I did that.
The first 2 trades were stopped out. No frustration even though loss on first was bigger than I like (-12) and I did want to manually close sooner. Third trade I closed before stop when I saw an entry in opposite direction which I took. That trade went full to target.
I won't go through all the trades. I wasn't perfect today.There was one that was mismanaged and 1 that should not have been taken.
One long trade I exited before target at failure to break resistance area then saw that it formed a PB entry at support and I took that long a minute later. I usually have a hard time getting right back in after a win (fear of giving up profits) so that was a victory for me. And trade worked out also but not full target.
12 trades today which I don't consider overtrading.
The big mistake I made was losing focus and stopping trading. I'll rephrase that I should have taken a real break and regained my focus so I could trade last hour. Instead I kinda just half watched and missed a couple easy trades. I should know last hour usually has good opportunities so prepare for it.
Overall I think I did pretty well.
+10 today.
OK open 'em.
I did really well today ! Objective was to take valid trades, avoid micro managing stop and target and stay calm. I did that.
The first 2 trades were stopped out. No frustration even though loss on first was bigger than I like (-12) and I did want to manually close sooner. Third trade I closed before stop when I saw an entry in opposite direction which I took. That trade went full to target.
I won't go through all the trades. I wasn't perfect today.There was one that was mismanaged and 1 that should not have been taken.
One long trade I exited before target at failure to break resistance area then saw that it formed a PB entry at support and I took that long a minute later. I usually have a hard time getting right back in after a win (fear of giving up profits) so that was a victory for me. And trade worked out also but not full target.
12 trades today which I don't consider overtrading.
The big mistake I made was losing focus and stopping trading. I'll rephrase that I should have taken a real break and regained my focus so I could trade last hour. Instead I kinda just half watched and missed a couple easy trades. I should know last hour usually has good opportunities so prepare for it.
Overall I think I did pretty well.
Door #1
Door #2
Make up your damn mind already
I choose door#1
Good Job
Alright smart ass - I suppose you're due
But at some point the PnL needs to become immaterial
Do your job - the PnL will happen
====================
Again - Good Job Sir
=================
Tomorrow - just another new day
Rest.., clear the head.., let's repeat
RN
Door #2
Make up your damn mind already
I choose door#1
Good Job
Alright smart ass - I suppose you're due
But at some point the PnL needs to become immaterial
Do your job - the PnL will happen
====================
Again - Good Job Sir
=================
Tomorrow - just another new day
Rest.., clear the head.., let's repeat
RN
Thanks JS.
=============
I get how being consistent can lead to 'flow'. I was tested today and made some mistakes. This then leads to a decrease in confidence and some confusion/hesitancy. I think my exits can be improved but I shouldn't try doing it during the session. I was trading more like the old me and not the trader I want to be.
Having said that I did more right than wrong. First trade long I was bit hesitant but it was a clear set up so took that to target. 10 minutes later another long I wanted to pass on because of possible resistance. Took that and it went +23 then quickly retraced to +5. Thought about exiting for +10 when I had brief chance then resigned myself to a possible BE +1. PB ended and it went to target.
Third trade again didn't want to take and had I used a larger stop I would have got close to BE but instead got stopped out.
Couple more positives and negatives of the same nature and I decided to call it a day to preserve some mental capital.
What I'm seeing is my discipline is improving but it's not the 'cold turkey' sudden switch to great discipline that I mentioned previously. It's a gradual improvement but I think it can improve quite quickly. The things I'm doing right are giving me more confidence to try to do everything right. What I'm doing wrong I can see how beneficial doing it correctly will be. I see little things that I did intuitively that i can build into my exit rules so that it better fits my personality and results in better results. Gotta test /track these ideas.
The rats were taking the entries today (all valid) and I messed up a couple exits. I can do better but I really like my progress.
(Stop reading RN)
============
6 trades +20
=============
I get how being consistent can lead to 'flow'. I was tested today and made some mistakes. This then leads to a decrease in confidence and some confusion/hesitancy. I think my exits can be improved but I shouldn't try doing it during the session. I was trading more like the old me and not the trader I want to be.
Having said that I did more right than wrong. First trade long I was bit hesitant but it was a clear set up so took that to target. 10 minutes later another long I wanted to pass on because of possible resistance. Took that and it went +23 then quickly retraced to +5. Thought about exiting for +10 when I had brief chance then resigned myself to a possible BE +1. PB ended and it went to target.
Third trade again didn't want to take and had I used a larger stop I would have got close to BE but instead got stopped out.
Couple more positives and negatives of the same nature and I decided to call it a day to preserve some mental capital.
What I'm seeing is my discipline is improving but it's not the 'cold turkey' sudden switch to great discipline that I mentioned previously. It's a gradual improvement but I think it can improve quite quickly. The things I'm doing right are giving me more confidence to try to do everything right. What I'm doing wrong I can see how beneficial doing it correctly will be. I see little things that I did intuitively that i can build into my exit rules so that it better fits my personality and results in better results. Gotta test /track these ideas.
The rats were taking the entries today (all valid) and I messed up a couple exits. I can do better but I really like my progress.
(Stop reading RN)
============
6 trades +20
You've stepped off the cliff - and now being supported by that invisible bridge we talked of (your own self reliance.., self trust..., consistently following the routine)
Amazing how this shit works - isn't it
Makes my heart smile
RN
I've had some very good people helping me.