jasinhbca's quest for discipline, knowledge & profits

[Redneck]

Same ole.., same ole J



Let's do our job today (then enjoy a weekend)

Early on as possible - identify the environment - on your TTF (chop / range/ trend) and trade within it - and keep on it like stink on shit


Nothing fancy (made up)..., no BS - iow stick to each plan

See Ya this afternoon

RN

 

[jas_in_hbca]

Will do. Thanks.

 

[Handle123]

I love trading the ES but when you getting 1-2 tick bars, pretty boring going for 1-2 tick profits.
Not in mood for a Starbuck run, so stayed in bed and traded Nasdaq and couple other markets. As RN says "Same ole.., same ole", it same signals day in day out, none of them mean anything to me so I don't get attached to any of them, in other words, just keep doing the same boring ass thing day in and day out and account grows, it is not rocket science to trade well, it is doing the same horrible thing of doing the same thing day after day after day after day after day, your trading plan has all your smarts to arrive to a well back tested Trading Plan and the other flip of the coin is becoming a monkey and hitting buttons. I get no kick from champagne and just boredom after awhile of trading, LOL Chart only has a couple signals I use, am very active, risking a little more than target of $100, am not hog nor homerun type of trader. I will do well by just making something on each trade, it does add up.

 

[jas_in_hbca]

An ugly shade of green today. Big up move in CL with enough deep PB's to shake me out several times. There was probably some frustration throughout the day sensing I wasn't capturing enough of the move.

Will do more review this weekend as that certainly helps. I really need to start focusing much more on my discipline , including taking breaks and staying focused and staying detached from results and the little adverse price moves.

Time to get my trading to the next level. More consistent execution and management.

Thanks RN ! We survived the week.

+16 ticks today 14 trades + eye fatigue and slight headache.

+90 ticks for week 31 trades pnl attached

 

[Handle123]

I prefer to trade manually start Crude pre-market for three hours, lots of chop but scalp enough to be consistent and few times a week make 50 ticks on runners. By 9:30cdt, am wiped out for the day, I figure if trading wasn't good for me before this time, day session of lunch and afternoon not going to be able to stay awake and be alert.

Have you done stats where most of your profits come timewise?

 

[jas_in_hbca]

No , but just pulled up a report broken down by half hour. Jan, April & May 287 trades. Looks like I need to be more careful early on. Not what I would have expected.

Doesn't include some trades at home. I'll look 'cause I'm curious if I trade the 7- 7:30 block better at home.

 

[jas_in_hbca]

Not surprising to me Mondays are not good days. Small sample size, only traded 9 weeks.

I may start coming in to office later on Mondays and see if that helps. This is good stuff. Thanks for asking handle.

 

[jas_in_hbca]

One other stat. My 2 losing weeks this year , out of 10 weeks traded, both had my highest number of trades taken. 45 & 66 trades. Whereas, my best weeks average between 25-30 trades. good info.

BTW, redneck had pointed out a week or so ago about reviewing my performance on Mondays. Of course he was right.

 

[Redneck]

We survived the week.

Yup..., and another one coming on fast


What you do today - will affect how you perform tomorrow

So make ready..., and prepare properly today


btw..., good to know Mondays are a bitch - that way we're ready for it / them

RN

 

[Handle123]

Cause I don't rely on trend lines in Crude Oil, more price pattern signals, Monday doesn't seem to be much different that rest of the days, but looking at it with trendlines, it does look less adhere to trendlines, more slop, so perhaps it needs to wake more, LOL.

Stats has to be part of your Trading Plan and watched and back tested weekly, if you don't know by testing, what you think you know often times is not fact.

Great days happen on less trades, and more breakevens cause of chop days.