Journal XburbX - My Plan

All Day..., Every Day

win..., lose..., or draw

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

Resting the head is an important part of staying sharp


RN
 
Quote from mrnate22:

RN,

But how can you work on being patient?.. I've been trying and trying to be patient yet but I can't do it.. it's very frustrating cause my trading skills are really good but my patience are so bad.. The only thing holding me back are my emotions and I don't know how to solve them..
More...

M22

Straight up - Why do you trade?

RN
 
RN,

I like trading a lot.. I definitely overtrade.. no patience.. eventhough I know it's not a great setup, I still trade it.. I don't know why I do this..
 
M22,

Not comparing us, just giving you something to ponder


I trade – to make money…. (always been that way…, it’ll always be that way – period)

To that end – if whatever I’m doing isn’t making me money – I drop it


For as long as I've been trading - being impatient has never made me a dime - but it has cost me - and does every time

So I dropped it… and I changed

RN
 
I counted 9 total since June 6, 2011. In short, very very few.

Quote from Redneck:

For next week

http://www.marketwatch.com/optionscenter/calendar

http://www.optionsclearing.com/about/publications/expiration-calendar.jsp


http://www.briefing.com/investor/calendars/economic/2012/09/17-21

http://mam.econoday.com/byweek.asp?day=14&month=9&year=2012&cust=mam&lid=0


btw, A small test;

How many back to back - down Mondays - have there?

Not meaning the next one will - just something to note - as it pays to stay in tune with mr mkt

RN
More...
 
Off to play round 3. Coming into moving day with a 12 stroke lead. Good position to be in, but I need to stay focused because a blow up round puts my buddy back in this. I will post a picture of the towel and winning scotch bottle if I get it.

Later today , probably a short a nap and more market study. Anyone else find looking at and studying markets more fun than any other activity? For RN - I will consider the next 4 hours + 1 for a nap my market off time.
 
Major adjustment - so this is a big deal. I was asked about a year ago by a friend (rn)who reads and writes on this thread a question. He was helping me design a trading plan. The question was "what do you want in regards to being a trader" . I stated what I thought was what I wanted but it wasn't. I said " I want to be a profitable trader that is disciplined and follows a system". What I now realize is that for the last 8 years I have been searching for a static trading model with out a care or concern for how and why my trading was or wasn't working. That's like running a business and not know why you are actually making or losing money. Then when it works you are happy but when it doesn't you don't know why. I would like to change what I want because now I know what I want. So.... Rn to rephrase my original answer. -- I want to learn to be a profitable trader by running my trading business in a dynamic atmosphere that adjusts to that atmosphere. The atmosphere being the market. I want to be profitable but most importantly I want an understaning of how and why the market works and therefor allowing me to make decisions based on what is happening and why it is happening. These decisions are detail oriented, disciplined and patient . --
 
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