Need somewhere to think out loud,

[Handle123]

here is the chart for todays SCREW up!!

P1 first Long.
P2 second Long.

3. Downtrend in place, should of took quick profit.

P2. Shorting after I should of realised, I'm counter trend, and just BAILED simple as that, lost $50 moved on, no issues! It's Downtrend, it's making new Low's, just bail, I was hoping for a BE blip up I guess, which never came, they don't come, learn this EXIT!

4. Nice Double Bottom. Near Margin got lucky there well could of.

5. I held, could of lost $60 ish there, If I'd of bought at 4 I'd of exited there no issues, should do the same, while Negative. Expected 12 trend to power up sadly didn't get lucky!

6. Got distracted, think I was in the mindset to flip sides, put food in microwave came back and going against me fast, Bang too late!

X Doomed -$249 OUCCHH!!

Don't look at the profit or loss is the secret, just do the right thing, always, the right thing might be wrong, but most of the time the right thing will be the right thing, it's that doubt it might be wrong, which keeps me from doing it.

Need to hire my own pyscatrist for doing mental trading adjustments LOL ( Billions Reference for those that watch it )

P1 and using Time stop of 3 bars, should have gone into shorting when price retraced to middle m.a., trend is down my friend, sloping DOWN, and P2 would never have happened.

I have microwave in my office and a small sink, small restroom right next door

 

[Turveyd]

And Earlier Failure, less of an issue, it ran fast, it happens.

P1 and P2, 9sma looked like Turning down 12sma looks Flat, just playing the range.

Had an out low of range, should of flipped Long, I nearly hit the button to Exit.

Then crap, moving against me, it'll go back down, BANG up she went, hit emergency 15SL that tablets got setup thankfully.

P3 went, No it's a spike, jumped on short, revenge mode and lost some more

4. should of jumped on that long 1/2 position there.

5. That's where I got back in Long, Dug in to exit at 30, ran to 45 on that push

 

[Turveyd]

P1 and using Time stop of 3 bars, should have gone into shorting when price retraced to middle m.a., trend is down my friend, sloping DOWN, and P2 would never have happened.

I have microwave in my office and a small sink, small restroom right next door

Yeah P2 stupid, feeling kinda rough today, not thinking clearly at all, i stopped trading after that.

Too much after perfect record, yeah most will come back, but the ones that don't kill you, not the game I'm playing which is, what's the direction last the range with, kiss!

Sleep on it, maybe take tomorrow off, see how i feel in the am.

Got 6 weeks approx, to take min $1000 of each month to stay afloat, so stressed and pushing it hard.

But 6 weeks, back off a tad i guess.

 

[Turveyd]

Walking around listening to Sarah Mclaughlin, mellowing out, thinking about the issues.

Sl can't trade without an sl just nuts, auto 12 and tighten when open. Never more than 12.

Positions, the P1 example, that didn't need a big SL, so single full position would of worked better, the profit would of been double I'd of taken it aswell.

Of the trade needs full 12sl then move to 2 positions, but look to take 2nd - 5 area of its a good setup.

SL better risk management is what's learned from todays mistakes.

I'm learning, improvising, adapting and overcoming and didn't really do any harm so it's all good.

 

[Turveyd]

SL placement logic......................

12 SL auto, feels about right, tighten as much as possible.

Issue, is tight SL's lower my profit rate, then I'm losing $50 where I could of made $50 5mins later.

But as it stands due to stupid trading, I've put 6hours in for $10 profit here LOL

90mins in of looking at DAX charts and there is no straight answer, setting SL Emergency at 12, tighten when I think required, in the mean time let it go 12, there are so many trades that go outside the range, then come back, it's a bitch.

more patience, so buying lesser pull backs, bigger the pull back, higher the odds it's a change in trend, ofcourse.

Next step

 

[Handle123]

SL placement logic......................

12 SL auto, feels about right, tighten as much as possible.

Issue, is tight SL's lower my profit rate, then I'm losing $50 where I could of made $50 5mins later.

But as it stands due to stupid trading, I've put 6hours in for $10 profit here LOL

90mins in of looking at DAX charts and there is no straight answer, setting SL Emergency at 12, tighten when I think required, in the mean time let it go 12, there are so many trades that go outside the range, then come back, it's a bitch.

more patience, so buying lesser pull backs, bigger the pull back, higher the odds it's a change in trend, ofcourse.

Next step

When I need motivation past eight years and even before to keep going I play Loreena McKennitt's The Mystic's Dream/The Mummer's Dance or Enya, they inspire me and bring sleep sometimes where my answers lay.

 

[Turveyd]

When I need motivation past eight years and even before to keep going I play Loreena McKennitt's The Mystic's Dream/The Mummer's Dance or Enya, they inspire me and bring sleep sometimes where my answers lay.

Heard of Enya, that goes back many years I bet, damn I'm old.

1:39am here, was off to bed ages ago, but nahhh testing charts, got to be up in 6hours, better not trade tomorrow

SLEEP!!!

 

[Handle123]

Ok, need hour or two of sleep if I can get it.

 

[Turveyd]

Ok, need hour or two of sleep if I can get it.

We be playing the same trades, which is cool, I'm trying to cut out the shorts on that chart as they run wild at times.

So after 3mins from entry, you SL moved to +1 if in profit, if not in profit then your TP moves to +1 quick exit, not a loss, try again.

What SL size do you use initially ??



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Still waking up, getting head around, slightly slower 12sma based and 42sma H&L back to, does look nicer, smoother.

Maybe I'll get the urge to put money at risk soon, more coffee first mind

 

[Turveyd]

My trading softwares changed, SL on ipad set to 12, go Long, Bleep I'm out, set to 1.2 LOL

Good start.

Long Full size as tight single SL 10300 not looking good LOL