Journal XburbX - My Plan

Hey XB

I’ll answer your question.., but first please answer mine (I’ve been sitting on it for about a week)

There is only one of two possible answers – yes or no

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

Today is day 21 – which we’ve spoke about

Over the last 21 days – while trading – you have;

Been patient
Been disciplined
Been focused
Accepted your losers
Remained patient while in a winner
Approached each day the exact same

That said…

You also seem to place importance in what I say to you

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

So here’s the question


Is there anything I could say that would in any way dissuade you from doing the above – every trading day – from this day forward?


yes or no

RN
 
Quote from BobbiDigital:

Truth is I'm surprising myself with how well some of these 'real time' lines are working.
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Means price is acknowledging your context....

More importantly; Means you're in sync w/ price....

Means you can make bank on em - until they quit working of course - but until then - make bank


Quote from BobbiDigital:

I dumbed down my definition of multiple TF analysis even further. Which pattern (I am observing) goes back further left on the chart = trend, though I will still trade the 'current PA' I will side with trend
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Good stuff - the simpler - always the better... and never over think it (which is very easy to do)

Quote from BobbiDigital:

Finally, upon further review, I don't see a whole lotta 1 minute entry opportunities at my S/R points. My mistake. :D
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:)


RN
 
Rn

I've learned to become decisive in trading and to trust my mind. If you told me, in this instance, I was wrong I would not change my plan. My trades are different than yours. My account would be my true feedback good or bad. With that said as set in my path as I am, I adapt and always listen to others with more experience. I might not make a change but I certainly digest and think a lot more about something you say over others. I have found that the more I trade and see how personal it is the broader the concepts I look for when talking with people like you. As you have seen in my plan I have stupid nuances that solidify my trust in what i do even if they look dumb to another trader. So if I am uncertain about something I find myself looking to see the big picture as I know if I grasp that I can hammer out the details that work for me. In this question I was more noticing something in my trading and deferring to your years of experience for possible confirmation. Would it change what I am doing, not unless what I am doing were to not be profitable. Then I would know I was off course.

Quote from Redneck:

Hey XB

I’ll answer your question.., but first please answer mine (I’ve been sitting on it for about a week)

There is only one of two possible answers – yes or no

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

Today is day 21 – which we’ve spoke about

Over the last 21 days – while trading – you have;

Been patient
Been disciplined
Been focused
Accepted your losers
Remained patient while in a winner
Approached each day the exact same

That said…

You also seem to place importance in what I say to you

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

So here’s the question


Is there anything I could say that would in any way dissuade you from doing the above – every trading day – from this day forward?


yes or no

RN
More...
 
Quote from xburbx:

Rn

I've learned to become decisive in trading and to trust my mind. If you told me, in this instance, I was wrong I would not change my plan. My trades are different than yours. My account would be my true feedback good or bad. With that said as set in my path as I am, I adapt and always listen to others with more experience. I might not make a change but I certainly digest and think a lot more about something you say over others. I have found that the more I trade and see how personal it is the broader the concepts I look for when talking with people like you. As you have seen in my plan I have stupid nuances that solidify my trust in what i do even if they look dumb to another trader. So if I am uncertain about something I find myself looking to see the big picture as I know if I grasp that I can hammer out the details that work for me. In this question I was more noticing something in my trading and deferring to your years of experience for possible confirmation. Would it change what I am doing, not unless what I am doing were to not be profitable. Then I would know I was off course.
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Good God man - a simple yes or no - please

RN
 
Quote from xburbx:

No :)
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Sweet

Now I can quit worrying about you

You are going to make it XB

With some time and experience - doing what you've been doing - You will make it...

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

Give me a sec to answer your question Sir

RN
 
Thank you much. Btw I lost the trophy. Shot like hell. Compounded a few bad shots. Doubles are score card killers. Trying to get it back during twighlight tomorrow.
 
Quote from xburbx:

Something worth noting in that when losses are small enough 1 nice winner wipes a handful of them away. 2 winners in a row can make an account swing nicely. Rn?
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Yes in theory, the winners will more than make up the losers

I need to delve into why I added "in theory"...., but first

Fact; small losers, and small, medium, & large winners is the way to trade

Further fact;

Most days are simply singles and doubles

All losers are kept small - period

Occasionally you get the moderate / big winners

There are the facts

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

So why the “in theory”

Thursday and today should have been big winners – they were trend days

Friday was a very early momentum move – that then petered off to almost nothing

I can see why you had small winners/ loser on Friday

I “think” you’re missing the moderate / big moves (ex; Thursday & today)

Missing the bigger moves.., even the moderate ones – makes it real hard for the winners to more than cover the losers – not to mention how very frustrating it gets (that feeling of wheels spinning going nowhere)

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

Believe it may be time to reevaluate how you’re trading – as compared to the larger TF trend occurring - while you’re trading

But – no matter what – do not change the way you’ve been doing it for the last 21 days (the list I made)

Maybe add another set up – but don’t change one iota how you go about implementing (trading) that set up


Thoughts?

RN
 
Quote from xburbx:

Thank you much. Btw I lost the trophy. Shot like hell. Compounded a few bad shots. Doubles are score card killers. Trying to get it back during twighlight tomorrow.
More...

The trader side of me says – yes you lost it

The off hours side of me says – you just lent it out temporarily :D

RN
 
Ok that makes sense. My largest winning days have certainly been on big move days. Today was close to hanging on for some good momentum but I exited per my plan and price took off. I have been debating adding a breakout setup into my plan but I am not sure that it would do anything more than just add more trades. It is just another setup as far as I can see. Possibly evaluating the longer term time frame differently might help.
 
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