jasinhbca's quest for discipline, knowledge & profits

[Redneck]

Thank you , nice job yourself

And Thank You Sir

RN

 

[Redneck]

Our inner critic

We screw up - he jumps our ass..., tells us how pathetic we are

We do good - he tells us we could have done better

vs.

Our inner supporter

We screw up - he tells us to forgive our self..., fix it..., move on..., do better..., we'll be okay

We do good - he tells us good job!!! congratulations!!!! do it again!!!!

==================

Both cannot coexist in the same inner space

Best we chose wisely..., the one we hang out with


RN

To finish a thought I started (I hate getting old)

The bridge between the inner critic / inner supporter is mindfulness


"Mindfulness also involves acceptance, meaning that we pay attention to our thoughts and feelings without judging them—without believing, for instance, that there’s a “right” or “wrong” way to think or feel in a given moment."
Citation = Berkeley edu website

"Mindfulness is "the intentional, accepting and non-judgmental focus of one's attention on the emotions, thoughts and sensations occurring in the present moment""

Citation = Wikipedia



We don't stop having thoughts or feelings - all be they "positive or negative" - rather we remove our self from them and simply observe their life cycle..., while ensuring any affect they may impart on us..., or our actions - is mitigated to the extent we chose


a thought..., is a thought..., is a thought - no matter

as a feeling..., is simply a feeling


Mindfulness is a means to becoming/ remaining detached & objective

===============================

“I Love the Smell of Metaphysical Crap in the Morning….Smells Like……Victory.”

KDASFTG

It certainly do

RN

 

[jas_in_hbca]

thanks. Sorta gets back to just letting go.

==

posted last weeks trades to excel. Moving target higher costs me and exiting before stop is hit cost me. This type review certainly helps build trust in the method.

I think I'm where I want to be as a trader and don't even realize it .

edit: still have things to work on of course.

 

[Redneck]

thanks. Sorta gets back to just letting go.

Sorta...,

If / when we let go - it creates a void..., our brain hates a void (why day dreaming / fantasizing exists) so if that void isn't filled with something useful - such as mindfulness observation - our brain will go nuts and we're right back where we began

posted last weeks trades to excel. Moving target higher costs me and exiting before stop is hit cost me. This type review certainly helps build trust in the method.

I think I'm where I want to be as a trader and don't even realize it .

When headed somewhere - it helps to know when you've arrived

edit: still have things to work on of course.

We all do - every day


RN

 

[Redneck]

A bit of nourishment for the cranium

=============

I trust my self - because I act in my own best interest

I know my trading approach is profitable..., over a series of trades..., not just one - because;

I consistently follow - a repeatable routine - when I trade

I create context - based on price

I then Identify a signal - from the current price action - within this context

I create a trade plan for each trade..., based on this signal

Each plan contains 3 components;


The Signal - and an Entry Price

The Stop loss..., which is based on a price breach of the signal..., or where the trade is invalidated - and a Stop Loss Price

The Profit Target - and a Method of Managing the trade


I know..., and accept - losing trades are a normal part of trading..., as are winning trades

I trade every appearance of my signal(s)

I exit immediately - whenever a trade breaks down - so the market can not hurt me

I exit willingly..., and pay myself - whenever price hits my profit target

I am..., a consistently profitable..., professional trader



wrr

RN

 

[jas_in_hbca]

Beautiful!!

 

[Redneck]

J,

Today - just another new day

We remain the same..., we follow our routine..., we do our job

(and we don't second guess signals)

Trade well today Sir - and to hell with the results

RN

 

[artemstreb]

A bit of nourishment for the cranium

=============

I trust my self - because I act in my own best interest

I know my trading approach is profitable..., over a series of trades..., not just one - because;

I consistently follow - a repeatable routine - when I trade

I create context - based on price

I then Identify a signal - from the current price action - within this context

I create a trade plan for each trade..., based on this signal

Each plan contains 3 components;


The Signal - and an Entry Price

The Stop loss..., which is based on a price breach of the signal..., or where the trade is invalidated - and a Stop Loss Price

The Profit Target - and a Method of Managing the trade


I know..., and accept - losing trades are a normal part of trading..., as are winning trades

I trade every appearance of my signal(s)

I exit immediately - whenever a trade breaks down - so the market can not hurt me

I exit willingly..., and pay myself - whenever price hits my profit target

I am..., a consistently profitable..., professional trader



wrr

RN

i know understand you poet!!!

good trade is poetry!

 

[KDASFTG]

Greetings Artie,

Ok Artie...now that you've learned your lesson......repeat after me....

"I Love the Smell of "Metaphysical Crap" in the Morning....Smells like Victory"

KDASFTG

 

[jas_in_hbca]

Feel a little lucky. First trade went to target +25 then after that not many opportunities. So, only the 1 trade.

I boxed some zones which did a good job keeping me out of mostly chop today.

My trade I was not thrilled about taking thinking support may hold. But it was doing a lousy job trying to move higher, the set up was there so I was in. Thought about moving my target above LOD going for + 18 or 19 but left it alone. Then price did break and bounce at LOD and I considered exiting for +15 but I stuck with plan. Agonizing waiting for two AND A HALF whole minutes then hit target.

So good job today sticking with the plan. I suppose by following the plan and banking some profits there was no need or pressure to force trades. That's nice.

3 minute chart attached which shows the (lack of) action pretty well