jasinhbca's quest for discipline, knowledge & profits

I want to add and be clear on one thing. I wasn't trying to infer I disagree with Douglas. ( I agree with probably everything he says.) However 'anything can happen' is not an excuse to stay in trades the market is telling me i should no longer be in. Nor did Douglas mean that i should when he used that phrase.
 
jas_in_hbca said:
I want to add and be clear on one thing. I wasn't trying to infer I disagree with Douglas. ( I agree with probably everything he says.) However 'anything can happen' is not an excuse to stay in trades the market is telling me i should no longer be in. Nor did Douglas mean that i should when he used that phrase.
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It's a great truth. Once instilled at a functional level, as you're learning, there is no possibility of "perceiving" any market information as "dangerous". You are learning something unique everyday no matter how similar to past days/moments. Douglas sure teaches it well. I work through it continually and continue finding breakthroughs.

Keep at it.

-js
 
jas_in_hbca said:
...So far I'm balancing work with trading, which I haven't done before at this time of year. One thing that I think has helped is I've cut out drinking alcohol during the week and I make sure I go to gym at least once or twice during week and then once on the weekend. The combo I think is helping me sleep better and have more energy...
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I'm glad you've seen the benefits of this and I wish more traders would do such.
 
jas_in_hbca said:
So as I told myself anything can happen I then asked myself what would I do if I were flat. Get short was the answer. I exited my long got short and then of course, doubted myself thinking I was overtrading, guessing etc. I looked again and yes get short was valid and the correct trade to take per my plan. (This is all in about a minute and a half) The short trade went to target.
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Listen to self..., listen to price...., listen to self..., listen to price..., listen to self...., listen to price..., listen to self..., follow plan...,

Listen to self..., follow plan..., listen to self..., follow plan..., listen to self..., follow plan..., listen to self..., follow plan

Oh the senseless battle we wage..., when all we desire is to make widgets


jas_in_hbca said:
This was kind of a big thing for me cause it felt like i was able to see things more objectively while in the trade than in the past.
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This is significant progress

RN
 
Thanks for the comments/support traders !

BTW, WRB I always like and learn from your posts on ET. Thanks for dropping in here

=====

Since, i'm here. No trades today. Didn't like the look of the price bars in my TF and price in a range on HTF.
 
Datum said:
This study is very interesting. Reminds me of a statistics professor who made a point about humans and their tendency to average/balance results. He gave us a simple exercise. Take your laptop, open a word document and fill the page with zeros and ones, print it. Open another word document, use your statistics software to generate the zeros and ones and fill the page, print it. The professor then asked us if we could see any differences between the 2 printed pages. No one could tell!! As he walked around the classroom, he was able to point which were generated from the computer compared to the ones we did ourselves almost every single time. Why? Because the computer generated pages always had much much longer sequences of zeros in a row and ones in a row. Most people, after 6 or 7 zeros in a row, will alternate.

but regarding the rat, an important question still remains... how long would it take him to adapt if the odds were to flip? (4 out of 5 times, it's RED, instead of GREEN)
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Often people would rather be right than alive.

Rats and mice like cheese more than being right.

Move the cheese and the rats and mice move.
 
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