jasinhbca's quest for discipline, knowledge & profits

[smallStops]

Why not take the whole week off to shill out and fully enjoy everything?
You seemed to have worked quiet hard at your trading, so one full week of away from trading seems appropriate.

 

[Redneck]

I think this past week was more confusion with plan than discipline issues.


I have felt a little burned out the last couple weeks.

Offering something up to think through - the bold sentence is the tell

Your plan may be fine - rather..., it that your mental is getting battered which in turn is causing your plan implementation to suck


We're in an environment that frankly requires more from us (patience / discipline / mental isolation.., detachment)

It's generating many and repeated perceived..., yet false - trade signals (signals with no follow through..., which btw is a reoccurring game played when bigger players absent)

Could it be that you're mentally battling (getting caught up in / becoming a part of) the PA -> instead of letting it happen..., waiting on a signal..., trading said signal

Possibly that you're not remaining detached / objective throughout the entire session


Always real easy to see what should have been done

Not so easy to see what we should be doing - unless completely separate and apart from it


Current environment..., current PA (volatile / no follow through) - sends off many false signals - up to and potentially including - our plan sucks

Which could really mean - our plan execution sucks
Ddon't get fooled by the randomness..., ummm I meant normal games


Just a thought

RN

 

[jas_in_hbca]

Why not take the whole week off to shill out and fully enjoy everything?
You seemed to have worked quiet hard at your trading, so one full week of away from trading seems appropriate.

thanks Smallstops. I like to keep my trader muscles engaged but I will decrease my activity or just do research.

BTW, been trying out yoga this month. Only had time for once a week.

 

[jas_in_hbca]

Offering something up to think through - the bold sentence is the tell

Your plan may be fine - rather..., it that your mental is getting battered which in turn is causing your plan implementation to suck


We're in an environment that frankly requires more from us (patience / discipline / mental isolation.., detachment)

It's generating many and repeated perceived..., yet false - trade signals (signals with no follow through..., which btw is a reoccurring game played when bigger players absent)

Could it be that you're mentally battling (getting caught up in / becoming a part of) the PA -> instead of letting it happen..., waiting on a signal..., trading said signal

Possibly that you're not remaining detached / objective throughout the entire session


Always real easy to see what should have been done

Not so easy to see what we should be doing - unless completely separate and apart from it


Current environment..., current PA (volatile / no follow through) - sends off many false signals - up to and potentially including - our plan sucks

Which could really mean - our plan execution sucks
Ddon't get fooled by the randomness..., ummm I meant normal games


Just a thought

RN

Yep , agree. My focus may have not been best and the time of year/slow trading hasn't helped. It's also pointed out a couple areas in my plan that need to better defined to keep from getting impatient in chop. that's actually I think an easy fix plan wise. Discipline will be another thing; but that's improved.

Trading NQ more has brought up exit issue again. Which is more of a trader personality thing I think. I need to decide what I want to do that's compatible with me and produces a good return. I've had NQ runners exit at +20/+30 but then many runners go +10 exit +5 which bothers me. I like catching the big ones but I like catching more medium size ones too . I need to review and decide which way I'm going to go and test if that makes sense.

 

[Redneck]

I like catching the big ones but I like catching more medium size ones too .

I need to review and decide which way I'm going to go and test if that makes sense.

I need to decide what I want to do that's compatible with me and produces a good return

Regardless whether we like it..., or are comfortable with it

We must do / act / trade - exactly as the mkt environment dictates

because it what trading correctly demands we do

Mkt giving up larger moves only occasionally - view em as outliers

Find/ target the sweet spot - for the current environment - and get comfortable with it

The environment will evolve - but for now - its what we have..., its what trading correctly demands we do

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

Hindsight - no doubt we'll see all the opportunity we missed each session

Big f'n deal - we're in this for the long haul..., for the consistency..., for the routine


RN

 

[Handle123]

I think necessary to always have patience and the markets right now are doing what it is always been doing, go back into past time and one discovers same old, we seem to be basing in ES and I am leaning for upside. Jas, if you kept much better stats, your subconscious would feel happier, but you really trading blind, find one instrument to concentrate on, you just not experienced enough to be dancing at two of them, both trade opposite of each other, so your ability of figuring out has to be getting confusing, can't always change horses and expect same ride. When you know one instrument like back of your hand then add another, but your weekly results are showing confusion and irregular results.

I had to wait longer than I wanted today in ES as twenty minutes flew by and no trade today, so I saw the lows with much support in ES and knowing automation taking all those signals of Triple plus bottom and failed Bollinger Bands signals, I wait patiently. NQs had couple trades early and hit targets.

"The Floor Traders Method" is actually much different entry-it seeking reversal bar and conformation, FTM method is similar to RS Houston system which deals with Keltner Bands, and I believe it is same system that CTCR sells in video, the two had a falling out before RS went out on his own back in the 90s, wow long ago, LOL. What I am doing is placing limit and waiting for price to drop and fill. But just about anything one designs has already been done by someone else, you can only do so much with numbers.

 

[jas_in_hbca]

Thanks Handle. I agree about stats and subconscious. When I was keeping good stats with CL I did see improvement and more confidence.

Switching back to NQ has been a bit confusing but I'm getting the 'feel' back . Unless CL really picks up i'll be with NQ for awhile.

I did do some solid review work this weekend which clarified some things for me and my plan.

I remember reading RS of Houston pre-internet in a monthly newsletter. Don't think it was CTCR. Readers would write in with their questions, stories methods, etc and it was compiled and mailed out. RS got quite the following, then I think started selling through ads in TASC mag. Wow, wonder if I still have those old newsletters. I think not. There was a time I was saving old copies of Barron's for the market lab stats and at one point had a couple years stowed under the bed. LOL.

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

The review I did help quite a bit with my patience by providing more specifics on trades to avoid. Basically, refined my entry context criteria. Traded well today. Good patience , proper entries, take reasonable profits.

I still haven't looked at my PnL for last week.

 

[zbestoch]

Maybe trade less and figure out your stats as you are trading blind.

I have my other method now automated, so I started new method manually trading in hopes to be done in 20 minutes, as with all methods I design, it works in other instruments but one has to always do back testing for themselves to get best rules for their Trading Plan. I mainly trade ES as I can do size and average down easier. But this method so easy, couple moving averages.

18 is Simple moving average

I think necessary to always have patience and the markets right now are doing what it is always been doing, go back into past time and one discovers same old, we seem to be basing in ES and I am leaning for upside. Jas, if you kept much better stats, your subconscious would feel happier, but you really trading blind, find one instrument to concentrate on ... What I am doing is placing limit and waiting for price to drop and fill. But just about anything one designs has already been done by someone else, you can only do so much with numbers.

Many trading blind @Handle123. You're obviously not one of them.

 

[Handle123]

Thanks Handle. I agree about stats and subconscious. When I was keeping good stats with CL I did see improvement and more confidence.

Switching back to NQ has been a bit confusing but I'm getting the 'feel' back . Unless CL really picks up i'll be with NQ for awhile.

I did do some solid review work this weekend which clarified some things for me and my plan.

I remember reading RS of Houston pre-internet in a monthly newsletter. Don't think it was CTCR. Readers would write in with their questions, stories methods, etc and it was compiled and mailed out. RS got quite the following, then I think started selling through ads in TASC mag. Wow, wonder if I still have those old newsletters. I think not. There was a time I was saving old copies of Barron's for the market lab stats and at one point had a couple years stowed under the bed. LOL.

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

The review I did help quite a bit with my patience by providing more specifics on trades to avoid. Basically, refined my entry context criteria. Traded well today. Good patience , proper entries, take reasonable profits.

I still haven't looked at my PnL for last week.

I think you speaking of Club 3000 which was one of the first trading newsletters pre- Futures Truth and of course John Hill got into tiff with Club 3000 about whatever I don't remember. Yes CTCR is still being published by Dave Green, but there is too much him involved in every post, many of newsletters free on net. Yes, it was CTCR as I still have copies packed away of RS posting charts in newsletter, didn't take long to figure out what he was doing was mixture of Keltner and getting in on waves 2 and 4 retracements back, it started as good system till everyone was doing it, same with Gary Smith systems, when he put out little booklet on his signals, huge losses happened as one guy made copies of booklet so I heard and gave out in the pits. But it was impressive he did so well and never needed to buy real time data at the time. I remember I had Tradestation back in 90s and didn't need real time, made indicator that took real time cash and add prem and you had futures price. Real time data was much more expensive than today and had to do through satellite dish.

I eventually learned you want to go beyond to be better than most in trading, you have to monitor your signals to adjust, avoid or toss away your stats.

Many trading blind @Handle123. You're obviously not one of them.

I paid my dues and then some and now try to help others when I can. Very little is Holy Grails, but if one doesn't know of other ways to skin, tougher going at it alone, at least that is why I thought forums were made to exchange ideas.

I traded little longer, shame on me. Darn Starbucks went up a dime. Coffee prices are low, they getting like big oil companies. Yahoo Copper took a dump.

 

[jas_in_hbca]

I think you speaking of Club 3000 which was one of the first trading newsletters pre- Futures Truth and of course John Hill got into tiff with Club 3000 about whatever I don't remember. Yes CTCR is still being published by Dave Green, but there is too much him involved in every post, many of newsletters free on net. Yes, it was CTCR as I still have copies packed away of RS posting charts in newsletter, didn't take long to figure out what he was doing was mixture of Keltner and getting in on waves 2 and 4 retracements back, it started as good system till everyone was doing it, same with Gary Smith systems, when he put out little booklet on his signals, huge losses happened as one guy made copies of booklet so I heard and gave out in the pits. But it was impressive he did so well and never needed to buy real time data at the time. I remember I had Tradestation back in 90s and didn't need real time, made indicator that took real time cash and add prem and you had futures price. Real time data was much more expensive than today and had to do through satellite dish.

I eventually learned you want to go beyond to be better than most in trading, you have to monitor your signals to adjust, avoid or toss away your stats.

Gary's ORB method was the one I tried when I first tried day trading. I was trading the NYFE and phoning in orders to lind waldock. It was horrible ! I had no idea what I was doing. Volatility was so low that rarely got a signal and they often failed. Around 1994-1996, vix terribly low. Record low I think. I get a little tight chested and light headed at the memories.

I still have gary's pamphlets, his first and his update he did.


Thanks Handle.

jas