jasinhbca's quest for discipline, knowledge & profits

Try this again


Time to get our head cleared and centered...., the charts updated...., some good rest tonight

Tomorrow.., its back to the grindstone...., and all about the routine


RN
 
Another new Day

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

We are not smart enough to second guess / out think the mkt

We don't second guess signals..., or each plan

We observer / monitor ourself

Trade well - and to hell with the results

RN
 
Pretty narrow choppy range today. I got lucky and was able to catch a couple of the moves early. After that I would consider the set ups lower quality, S/R ranges near by, so I wasn't looking too hard for entries.

+41 ticks

first trade failed to move past a minor resistance so exited quickly - 7

second trade. lowered target based on resistance +23

third trade had thoughts of exiting sooner but stayed calm and it went to target +25. I'm getting better at doing this (holding) which used to be a big problem for me.

I want to push myself to take more trades after getting positive and had that thought in mind after those first 3 trades. But I was also aware conditions were not great so stayed patient and ended not taking any more.

Pretty uneventful day. Boring is good.
 
Thanks JS.

There are times i'll get up maybe 15-20 ticks or back in NQ days + 5 -8 pts then I start thinking; 'this is a good profit for the day and if I take another trade and lose then I'll only have a small profit. ' So then I get real cautious and don't take any more trades even though valid trades occur and I could have made 3x as much.

On the days the market is moving and providing strong valid set ups I need to take them and seize the opportunity.

It boils down to me trading the pnl, fear of losing open profits and not taking all valid set ups. I'm aware I do this so need to push myself past the discomfort and keep trading when the trades are there.
 
I understand. It's very tough continuing to trade all valid set-ups. I feel the same way after a nice winner, but daily objective not met.

Then you need to take your edges. And we have to really learn objectivity/neutrality here. Not to mention trust. :-)

Oh the journey.

Thnx jas,
Js
 
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