jasinhbca's quest for discipline, knowledge & profits

[Redneck]

got a entry I wanted

increased target to 30.

Price had a hard time moving up but wasn't falling then shot up to +30 but no fill and reversed right back down.

that's when I made a mistake.

I exited at + 3 just to 'grab something'.

Given the volatility and price coming back to support I should have waited another minute or so. Price than went right back up past my 30 tick target.

I then was knocked out of my game

briefly and hesitated on another entry that would have worked.

frustrated with myself

So..., had a plan..., modified the plan..., then said to hell with it..., and threw the plan out the window

What's also frustrating is I have this expectation to be profitable every day or at least have larger winning days so that I can see some evidence that this will become a profitable venture on a weekly basis.

Price was within your plan - but you had to grab something

Then..., you were knocked off your game and missed the next trade

Yet you have the above expectation


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Plan each trade..., then follow that plan through to fruition

No where in the above mantra does it say; J..., by all means fiddle fuck with your plan..., in fact some plans..., mess with..., other plans..., let em ride

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We will continue down this path until you decide enough - until then

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One could say; well..., price made a volatile move and threw me off

why we have plans - then follow the damn things
why we remain objective
why we know price will be volatile some times - roll with it
why we are willing to lose to find out

there was some improvement in my mindset for most of the day. .

How so.., seriously


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Just some thoughts..., no ass jumping

RN

 

[Redneck]

Thanks Eddie - I'll quote it tomorrow

RN

 

[jas_in_hbca]

How so.., seriously

Wasn't sure if this was a question or rhetorical. My other trades I was very calm and detached. Even had a bite of what I was snacking on while in a trade rather than hovering over mouse. It's a small step towards where I want to get to.

"See ya" tomorrow RN.

Thanks.

jas

 

[Redneck]

I get it now

Celebrate the victories

Sorry

But - the plan does trump all - make that so


RN

 

[Redneck]

Tomorrow - just another day

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

We don't second guess signals

Trade well - and to hell with the results


And be mindful ( ) to observer/ monitor yourself


Eddie!

(saving RN's fingers, lol)

Just sayin

RN

 

[jas_in_hbca]

 

[jas_in_hbca]

+49 ticks

Yesterday I decided the only time i'll move my target is when I am positive on the day and market conditions justify increasing target. Yesterday I was negative on the day and should have just left my original target. And having said that , I need to be careful I'm not increasing targets often. Base hits and sticking with the plan shows a very nice edge.

Today CL had already had a big move down when I began my session. It was a volatile day with big swings. The kind of day I've struggled with in the past either from getting stopped out or getting very frustrated from missing moves.

Today I traded pretty well. Third trade I exited early +9 based on a resistance level not being taken out. I consider it a break of my plan. I should have given it more time. Given the big down day and i was long I'm not going to beat myself up over this one. But i need to be aware of what I'm doing. At that point I was + 37.

I did a good job recognizing chop and waited for what looked like a triangle break. It turned into a range and I ended up with 3 losses. I noticed some frustration and had the thought of "I should have stopped when I was + 37". Somehow I was able to quickly let the frustration go and re-focus. Soon i saw another set up. This was a clear break of the range which had the potential to test LOD if it could clear some support. As it held support the thoughts of exiting for +15 or so came up. I stayed calm and held. This was also a chance to increase target if it did begin to break. Exited +47 and got filled as I was trying to increase target even more. Price did run another 40 ticks.

Overall I think I managed my emotions well and mostly kept them out of the session.

 

[jsmacksem]

Good job jas. Like how you stayed with it......refocused when you found yourself a bit "foggy". AWARENESS

-js

 

[jas_in_hbca]

Thanks JS.

Awareness and re-focus. Maybe all this practice is paying off.

jas

 

[Redneck]

Okay - have a plan going forward

Eddie posts the mantra

I post - just sayin

J does his job..., and no longer fiddle farts with the plans

By golly we'll get this figured out yet

What ever it takes..., by any means necessary


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Good Job J - seriously

RN