covered half at 1297.75 just in case the 10:30 crew gets antsy.
S/R Emini Journal
- Thread starter 4re
- Start date
- Status
Like buying food in running a restaurant, merely just the cost of doing business.
I know you don't need to hear this
but you got something I don't have yet: the confidence and the discipline to stick to your plan. No matter what. You know from experience that you will come out on top.I had a signal to go long at the low at 1296.75 but because I just don't have that confidence yet, I hesitated too long and missed it. Typical beginner's problem, I guess. I just try to move on and see if I can muster the confidence the next time an opportunity comes along.
I think confidence comes with experience, and I just don't have enough of that yet!
Quote from KyivTrader:
I know you don't need to hear this
I had a signal to go long at the low at 1296.75 but because I just don't have that confidence yet, I hesitated too long and missed it. Typical beginner's problem, I guess. I just try to move on and see if I can muster the confidence the next time an opportunity comes along.
I think confidence comes with experience, and I just don't have enough of that yet!
Thank you. Discipline is a problem we fight with every day. Just like a drug addict we have to go one day at a time. I know sometimes my method won't work out. I would rather take my kick in the pants early and regroup to fight back tomorrow. Looking back from the start of this journal. To have 3 days where I am kicked out of the market by my own rules is not bad at all. I am not saying that I have only had 3 losing days or anything. Just that by my rules 2 losing trades means it is not my day to trade.
You can and will get your discipline and confidence as long as you can identify your weaknesses and will work at solving them. By this I am not saying changing your trading strategy that is the worse thing you can do.
Well, I didn't trade so much with fear as I did with logic. I did have to wait patiently to get my scratch trade. I figured it wasn't showing resolve up or down so it would likely come back to my b/e point.
I just know that when the trade is nailed, it moves quickly, when it hesitates, bounces and does some range building, then I'd rather get out with minimal damage and wait for another setup.
- Status