Please Help.. Please
- Thread starter mrnate22
- Start date
From another perspective, if feelings are in the way, or corrupting, what you know you should do then you need to record how you feel, and any thoughts that triggered those emotions. Analyse why you might feel this way, and with reasoning, explore, examine, and challenge those thoughts and feelings. Identify the irrationality, or distortion. Then replace those thoughts and feelings , on paper, with a more accurate truth. This way you will (sometimes slowly, sometimes fast) take the emotional power away from the irrational/distorted feeling(s) that are limiting your progress.
These emotions are automatic and many go on in life never changing. They don't know how to change, and settle with giving up thinking they're just aren't cut out for it. It comes down to the choice, or choices, we've made.
We are motivated, take action, or not, based on emotions or a specific feeling that we experience. Do you have any habits you want to change in other areas in your life? (I am writing for everyone who reads this, but especially for mrnate22) It might be best to change something like smoking, drinking, eating well, exercising, etc. Anything to teach yourself that you have the power to take control and make necessary changes. Replace bad habits with good habits. Be more positive and loving toward others might be a good one. One small change gives you a sense of power and you go into the next small change with confidence. Get to know this feeling of confidence and apply it to what ever you want to accomplish. You'll start feeling mentally and emotionally stronger. With each change confidence builds.
Then come back to trading with a new, and stronger, mindset that you will make the changes necessary adapting to situations. When you have a chance, you can tell others that it is a matter of changing how you think and feel, and how to persist with the same mindset when dealing with uncertainty when things don't work out. This is how people accomplish things. They are able to adapt to the situation by acknowledging, and identifying what doesn't work for them, and changing to what does work for them. Choose to take control. It's not easy for most, but this is the main ingredient on how to do it. Second, is appropriate support.
Mr. Nate22: I suggest you might try working on other areas in your life (if you have something you want to do and need to change to do it), and consider that this might be what you need to do to build mental strength and confidence. The emotions you feel, which prompts you to choose getting in early, are likely coming from how you cope(d) with situations outside the trading arena. You may have learned how to deal with something in the past, but now is a different time, and a different environment, requiring a different way to deal with it.
When a situation does not provide you with the results you expect write down what happened and why? What were, and are, your thoughts and feelings? Did you assume what the truth was? Is there an alternative possibility, and a more accurate truth? What if this was the truth, and how would I feel about it? Would it be reasonable to think, and feel, differently if a situation like this comes up again? Wouldn't it be in your best interest to stay calm, and avoid jumping to an emotionally based conclusion without first considering other possible truths?
I wish you the best.
Jeffrey
PS So, many don't want to face the truth. Have you ever seen the show "Dragons Den"? The ones I'm talking about have persistence, but their thoughts and feelings are irrational.
Thank you for the charts and your time Nod. FWIW:
1.Lower swing high @ 90.15; bearish ema with fairly well-ordered retrace where 89.75 prev S may become R. sell @ 89.72 SL 89.82
2. I would be concerned about the precipitous drop and then bull support starting @ 89.77. would either pass or buy @ 89.99 hoping for a run back to the ema.
3. No trade for me here. ema is flat and PA has formed a wedge. Price broke the TL lower but now seems to heading up.
1.Lower swing high @ 90.15; bearish ema with fairly well-ordered retrace where 89.75 prev S may become R. sell @ 89.72 SL 89.82
2. I would be concerned about the precipitous drop and then bull support starting @ 89.77. would either pass or buy @ 89.99 hoping for a run back to the ema.
3. No trade for me here. ema is flat and PA has formed a wedge. Price broke the TL lower but now seems to heading up.
Thanks Jeffrey,
Very good post.. Very educational.. I do love trading but I am getting frustrated with emotions..
As far as my life, I don't drink, I don't smoke, I workout, I'm a christian so I love helping people.. The only bad habit I'm starting to realize is I'm greedy in trading (not in real life). Which is why I enter into trades right away cause my mind wants to make money.
I don't have support.. None of my friends or family trades. I'm Canadian so I definitely know dragon's den.. I love that show.
Very good post.. Very educational.. I do love trading but I am getting frustrated with emotions..
As far as my life, I don't drink, I don't smoke, I workout, I'm a christian so I love helping people.. The only bad habit I'm starting to realize is I'm greedy in trading (not in real life). Which is why I enter into trades right away cause my mind wants to make money.
I don't have support.. None of my friends or family trades. I'm Canadian so I definitely know dragon's den.. I love that show.
Nod,
Thank you for giving in to my "demand"
. I can see a new thread called Right Edge Challenge getting popular.
OK,
First chart: short, down trend not over, also price is at a Support-becoming-Resistance level around 89.78, last two little green bars poked above but backed down at close
Second chart: tricky, but I will take short if I have to choose between long and short, reason being still in down trend. Going with the trend, no?
Third chart: long. Nice twin bars held at support area and the last green bar closed above immediate resistance -- there is no price reference there, I will just say price closed above the 8:15am bar high.
With the charts posted like that with time and prices on chart perhaps it is easier for people to cheat (though I swear I didn't because I do not trade CL neither do I have chart program open at this moment). I suggest you post charts like you did earlier, without time and prices, but just tell us the time increment and price increment for each chart. Your charts look beautiful for some reason.
Now what is my score? :eek:
OC
Thank you for giving in to my "demand"
. I can see a new thread called Right Edge Challenge getting popular.OK,
First chart: short, down trend not over, also price is at a Support-becoming-Resistance level around 89.78, last two little green bars poked above but backed down at close
Second chart: tricky, but I will take short if I have to choose between long and short, reason being still in down trend. Going with the trend, no?
Third chart: long. Nice twin bars held at support area and the last green bar closed above immediate resistance -- there is no price reference there, I will just say price closed above the 8:15am bar high.
With the charts posted like that with time and prices on chart perhaps it is easier for people to cheat (though I swear I didn't because I do not trade CL neither do I have chart program open at this moment). I suggest you post charts like you did earlier, without time and prices, but just tell us the time increment and price increment for each chart. Your charts look beautiful for some reason.
Now what is my score? :eek:
OC
Trade #1: I trailed a sell stop for a continuation short. This wasnât a âpureâ trend continuation setup because there was no strong well-defined trend to continue. But price hadnât yet reached for the .50âs and more often than not the .50âs will be tested, so the risk:reward opportunity was quite good. It all looked quite dandy when the bears played whack-a-mole at the 20EMA, but I was happy to have my hard stop in place on the next bar.
