jasinhbca's quest for discipline, knowledge & profits
- Thread starter jas_in_hbca
- Start date
JS, we've got a good group hanging out here. Feel free to discuss whatever you like.
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Let's see where to start.
Missed a couple trades early on. My first thought was at least they're good examples I can print up so I don't miss them next time. Later, during a break I realized I don't need more examples. I need to understand why I didn't act on those trades. Unfocused, fear, etc ? So I will save the charts but i'll also be asking myself some questions about me. That's where I am now. Looking for better discipline through understanding beliefs that may be holding me back. On a different day I probably would have taken those trades too. Why is that ?
started off in the hole again. went - 34 to finish + 31. I was quite elated to book that last +25. Then I sat and watched 2 more pretty easy trades go +25 that I didn't take and that bummed me a bit. Too much emotion and thinking.
For the week is was slightly green after commish. I will celebrate the victories this weekend but I still have work on me to do.
The closer I get, the more I want it.
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Let's see where to start.
Missed a couple trades early on. My first thought was at least they're good examples I can print up so I don't miss them next time. Later, during a break I realized I don't need more examples. I need to understand why I didn't act on those trades. Unfocused, fear, etc ? So I will save the charts but i'll also be asking myself some questions about me. That's where I am now. Looking for better discipline through understanding beliefs that may be holding me back. On a different day I probably would have taken those trades too. Why is that ?
started off in the hole again. went - 34 to finish + 31. I was quite elated to book that last +25. Then I sat and watched 2 more pretty easy trades go +25 that I didn't take and that bummed me a bit. Too much emotion and thinking.
For the week is was slightly green after commish. I will celebrate the victories this weekend but I still have work on me to do.
The closer I get, the more I want it.
Thanks jas!
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Like how you're digging into your trading to find some good answers.
When you wrote "why didn't I take those trades", It struck me as someone whose able to dig into potential information that's gonna really help you in consistency.
I'm trying to find those things about my self too. That's this weekend.
Good job today.
Missed a couple trades early on.
My first thought was at least they're good examples I can print up so I don't miss them next time.
Later, during a break I realized I don't need more examples.
I need to understand why I didn't act on those trades.
Unfocused, fear, etc ?
i'll also be asking myself some questions about me.
Never overlook the potential..., of simply being mentally slow at that time
Could be the other things you mentioned..., but it could also be that you simply weren't up to speed - thinking / reaction wise - yet
I will celebrate the victories this weekend but I still have work on me to do.
Most definitely
The closer I get, the more I want it.
And the more you want it - the more you'll focus your efforts toward the good stuff
Good Damn Job this week
RN
My first thought was at least they're good examples I can print up so I don't miss them next time.
Later, during a break I realized I don't need more examples.
I need to understand why I didn't act on those trades.
Unfocused, fear, etc ?
i'll also be asking myself some questions about me.
Never overlook the potential..., of simply being mentally slow at that time
Could be the other things you mentioned..., but it could also be that you simply weren't up to speed - thinking / reaction wise - yet
I will celebrate the victories this weekend but I still have work on me to do.
Most definitely
The closer I get, the more I want it.
And the more you want it - the more you'll focus your efforts toward the good stuff
Good Damn Job this week
RN
yeah I was a little slow mentally today. Might be that simple.
Thank you , nice job yourself
Have a good weekend !
Thank you , nice job yourself
Have a good weekend !
"Too much emotion and thinking."
Yeah... I agree. But why not adopt the simple and less complicated “Beginner’s Attitude”. You know...the one you had when you didn't know shit. Back then....you were fearless and bold. The point Douglas makes is that; "winning in any endeavor is mostly a function of attitude." What makes trading so fascinating and, at the same time, difficult to learn is that you really don't need lots of skills; you just need a genuine winning attitude.
The novice trader experiences the feeling of a winning attitude because he's not afraid. And there is no previous baggage associated with this attitude, he is just executing,...and it feels light. When you trade from the perspective of a beginner,...you're just curious and unafraid.... because he's just interested in the results!....Any issues along the way,.....hell.....he'll just get to them later....and he moves from one trade to the next...unaffected by the last......kicking ass all the way.
Right now....for every trade you take, the next one gets heavier,....and heavier,....and heavier,....as you move through the day. Because you're carrying "Baggage, Thinking, & Emotions" from the last few trades. All this,....when you're supposed to be.....friggen EXECUTING.
But you can't get there now because each trade you take, gets heavier and heavier. You must let every trade stand on its own merit,.....then when that one is done,..........just move on to the next.
EXECUTING....EXECUTING.....EXECUTING! Think about the results after COB!
However,.....there is one major catch to this. And that catch is that you can only do this if you sincerely "TRUST" yourself enough to know that you won't let any trade get away from you, and you will "ALWAYS ACT" in your own best interest.
Those are the only things you need,...to be able to "CONSISTENTLY EXECUTE",...... because if you can do those 2 things....then there is nothing the market can do to hurt you,.....and you won't have the need to fear anything. Just from the simple character traits of...."TRUST & ACTION". The 2 things that you don't exercise right now.
Do you have it in you......is it really in you....I think so.....or you wouldn't be here today trying!
Then the only two things you need be concerned with during any trade is....do I absolutely TRUST myself, and am I absolutely willing to ACT to do what is necessary to save myself.
Then you are baggage FREE to just EXECUTE. That is the Beginners Attitude, executed as a Pro. Do you think you have the "internal resources" to do those 2 things?.....of course you do.....then get to it.
"TRUST & ACTION"...."TRUST & ACTION"........."TRUST & ACTION".
KDASFTG
Yeah... I agree. But why not adopt the simple and less complicated “Beginner’s Attitude”. You know...the one you had when you didn't know shit. Back then....you were fearless and bold. The point Douglas makes is that; "winning in any endeavor is mostly a function of attitude." What makes trading so fascinating and, at the same time, difficult to learn is that you really don't need lots of skills; you just need a genuine winning attitude.
The novice trader experiences the feeling of a winning attitude because he's not afraid. And there is no previous baggage associated with this attitude, he is just executing,...and it feels light. When you trade from the perspective of a beginner,...you're just curious and unafraid.... because he's just interested in the results!....Any issues along the way,.....hell.....he'll just get to them later....and he moves from one trade to the next...unaffected by the last......kicking ass all the way.
Right now....for every trade you take, the next one gets heavier,....and heavier,....and heavier,....as you move through the day. Because you're carrying "Baggage, Thinking, & Emotions" from the last few trades. All this,....when you're supposed to be.....friggen EXECUTING.
But you can't get there now because each trade you take, gets heavier and heavier. You must let every trade stand on its own merit,.....then when that one is done,..........just move on to the next.
EXECUTING....EXECUTING.....EXECUTING! Think about the results after COB!
However,.....there is one major catch to this. And that catch is that you can only do this if you sincerely "TRUST" yourself enough to know that you won't let any trade get away from you, and you will "ALWAYS ACT" in your own best interest.
Those are the only things you need,...to be able to "CONSISTENTLY EXECUTE",...... because if you can do those 2 things....then there is nothing the market can do to hurt you,.....and you won't have the need to fear anything. Just from the simple character traits of...."TRUST & ACTION". The 2 things that you don't exercise right now.
Do you have it in you......is it really in you....I think so.....or you wouldn't be here today trying!
Then the only two things you need be concerned with during any trade is....do I absolutely TRUST myself, and am I absolutely willing to ACT to do what is necessary to save myself.
Then you are baggage FREE to just EXECUTE. That is the Beginners Attitude, executed as a Pro. Do you think you have the "internal resources" to do those 2 things?.....of course you do.....then get to it.
"TRUST & ACTION"...."TRUST & ACTION"........."TRUST & ACTION".
KDASFTG
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That's excellent KDA.
The book "With winning in mind" says "when athletes have the mind set that they expect to perform well, victory is automatically an option. For others, hope is their mind set. Who would you pick to win that competition ?"
Today I moved my target on my last trade based on ?? I then said to myself put it back to 25 and leave it there ( I did )because that's how I build trust in myself. (Really; my actual thought). So, I guess I'm getting there or moving in the right direction.
Consistency builds confidence.
'Trust and action' is good and gives me something to think about and build on.
Thanks !
jas
The book "With winning in mind" says "when athletes have the mind set that they expect to perform well, victory is automatically an option. For others, hope is their mind set. Who would you pick to win that competition ?"
Today I moved my target on my last trade based on ?? I then said to myself put it back to 25 and leave it there ( I did )because that's how I build trust in myself. (Really; my actual thought). So, I guess I'm getting there or moving in the right direction.
Consistency builds confidence.
'Trust and action' is good and gives me something to think about and build on.
Thanks !
jas
"because that's how I build trust in myself."
Yes....Trusting "Yourself" is major,...…but don't forget that there is another important entity in this equation, wherein TRUST must also be built and established.
That entity is "Your Method". Now let me ask you another question. Do you implicitly "TRUST" the method to perform and produce consistent positive results, after the end of a statistically significant series?
Thankfully, your answer was…I’m getting there…and that’s all that is needed....at the moment.
Stick with Redneck's "DAILY ROUTINE PROCESS"...and it will happen that much faster.....because its currently working....just fine.
Big Shit Eatin Grin.
KDASFTG
Yes....Trusting "Yourself" is major,...…but don't forget that there is another important entity in this equation, wherein TRUST must also be built and established.
That entity is "Your Method". Now let me ask you another question. Do you implicitly "TRUST" the method to perform and produce consistent positive results, after the end of a statistically significant series?
Thankfully, your answer was…I’m getting there…and that’s all that is needed....at the moment.
Stick with Redneck's "DAILY ROUTINE PROCESS"...and it will happen that much faster.....because its currently working....just fine.
Big Shit Eatin Grin.
KDASFTG
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