jasinhbca's quest for discipline, knowledge & profits

jas_in_hbca said:
We did good RN. Thanks !
More...

You did good J - I simply rode along

Which leads me to one of the questions..., but first


The homework;

This weekend..., do a hard comparison of your performance these last two weeks against the rest of this year

First question;

You prepared to make this.., and even more - your new normal?


Second question;

Where do we go from here (into next week)

Keep this same routine

You take the lead / me shut up

Something else

Goal.., as always = for you to become consistently profitable

So..., you tell me :)

Because now..., You know it can be done


Good Damn Job J

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

An observation - last two days.., you were tired.., it shows in your performance - something to watch for going forward

Get some rest & enjoy the weekend

RN
 
Handle123 said:
You are there to work for the guy who mad the system, separate yourself, two guys-one made and makes changes to Trading Plan and other guy trades the system- YOU DON'T HAVE OPTION to make changes.
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This can't be repeated often enough. Thanks Handle. You have a good weekend too.
 
Wednesday PnL attached. traded at home. +29 ticks mentioned previously.
 

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Not looking for perfection - absolutely none of us are

Goal is = consistent..., discipline

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

Day 1 results = Plan executed well

Day 2 results = 1 impulse trade / one mismanaged exit

Day 3 results = 1 mistake bringing stop up too tight / Overall executed well
(may have been better off just trading one market)

Day 4 results = Good focus and discipline today / held a couple longer than I like BUT that's good / properly held through normal pullback/ consolidations

Day 5 results = Traded with extreme patience / no longer concerned about making "X" / focused on patience, taking valid set ups and managing properly / 4 trades managed perfectly / Last trade took BE exit but should have given a bit more room / Overall, it was a job well done / esp. for a Monday.


Day 6 results = am I objectively grading myself = I reviewed my trades and they're all valid. / was I trading properly = Yes. / I refocused and was patient / wide choppy range which I stayed out of / Good job today. / Good job pulling the trigger / rather than trade tired I opt get a later start / Today I could see, based on the large move down, that there would likely be some good opportunities. (paraphrasing = read the mkt well / stayed in tune with it) /My actions were solid and I adapted to market conditions.

Day 7 results = solid day / held through those little pullbacks / I realized the PB were normal / Not as tense / I've learned how to stay calm / took a break because I realized out of my preferred mental state. / Got myself properly patient and focused. / A good day.


Day 8 results = Not feeling it today. A little unfocused. (neither good nor bad - just how it was ..., you acknowledged it / worked through it) / 3 trades executed very well / last trade I started playing with my target. / too much moving target around / Stopped trading after that. because I was unfocused / didn't force anything . Including trading more.

Day 9 results = much emotional turmoil - tried to distill it down to the trading - but really couldn't

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


Sort of a mixed day. - I agree


A good test for maintaining proper state of mind.

In that regard I passed but there were mistakes today.

My first trade was executed perfectly and I thought uh-oh my ego just let loose a big grin.

But I got refocused.

My third trade I got nervous holding and rationalized exiting at the pause at resistance.

It felt like an emotional exit (+10) to remove the uncertainty of holding.

Reminded myself to trade so there are no regrets.

Took some breaks, had some losses, stayed calm.

Reminded myself to focus on the set ups and not trying to make money.

Took another early exit again at a level that appeared it could hold.

Not my best trading (early exits) but my mental recovery was pretty darn good.

I would not say I failed today but I do expect better.

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

Like I said J - later in the week it gets - more tired you become/ wears on Ya - performance suffers

Something to watch / take precautions for - going forward


RN
 
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Redneck said:
First question;

You prepared to make this.., and even more - your new normal?


Second question;

Where do we go from here (into next week)

Keep this same routine

You take the lead / me shut up

Something else

Goal.., as always = for you to become consistently profitable

So..., you tell me :)

Because now..., You know it can be done
More...

# 1. Absolutely ready to make more. Also ready to make less if market conditions are not as favorable. As long as I'm executing properly and with patience I know the results will be satisfactory. But I'm looking forward to making more and increasing contracts, perhaps soon. Patience and discipline can easily make last weeks results the new normal.

# 2. You need a break I'm sure and I need to be able to do this myself. Let's take a break from the routine and let me get focused pre/post trading on my own. Of course your comments/posts are always welcomed :)

=======

As an aside, there have been a couple times that stand out where I finally got disgusted enough I said 'not again". A couple years ago trading NQ I was chasing moves and revenge trading one day. Big losses that took days to recover from mentally. I decided I wouldn't chase or revenge trading again. It wasn't working, wasn't professional and too painful. I'd say I've pretty well been able to avoid that type of trading. Maybe an occasional slip up but not the absolute mental tilt I had that day.

Couple weeks ago trading in chop was a similar experience. Painful. I expect I've learned the importance of patience and not forcing trades when it's clear a range has been established. I expect that lesson to stick this time.
 
Redneck said:
The homework;

This weekend..., do a hard comparison of your performance these last two weeks against the rest of this year

First question;

You prepared to make this.., and even more - your new normal?
More...


jas_in_hbca said:
# 1. Absolutely ready to make more. Also ready to make less if market conditions are not as favorable.
More...

I was referring to the consistent..., discipline...., the mental preparation..., the self monitoring..., the level of patience..., focus necessary..., the ability to step away when it not working..., following a set routine come hell.., high water..., internal turmoil

This is your performance


PNL is the result..., never the goal.., nor the impetus..., nor your performance


jas_in_hbca said:
# 2.I need to be able to do this myself. Let's take a break from the routine and let me get focused pre/post trading on my own. Of course your comments/posts are always welcomed :)
More...

You have the ball - don't drop it


I'll be around

;)

RN
 
I came in focused and patient after a little talk with my ego yesterday.

Took 1 CL trade then price came back in to a range. Since NQ was up big I started watching that. Took some trades there then went back to CL when NQ also continued to stay range bound. CL trades were not working for me today plus I made a couple mistakes.

It was a mix of some good patience and moments of not enough patience.

I think i'll have to just focus on CL rather than switching back and forth. By not watching CL all the time I did miss some good moves.

Overall, I would say it was sloppy trading. I was making things harder than it should be.

OK, so that was a slap in the face day that screams at me to 'Pay attention ! Trade the plan. Be patient and there will be profits'

+5.25 NQ ; -31 CL ticks
 
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