Spydertrader's Jack Hershey Futures Trading Journal

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Quote from bundlemaker:


The first exercise was the end of bar, change/continuation exercise....The results we obtained boiled down to this: more than half the days provided astounding profit (more than the days’ range) but there were days mixed in that crushed us into huge losses. Ok, fine. This is not the way to trade, but rather a way to learn.
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This is encouraging.

I agree with other posters.

Go back to the start.

Stop trading. Stick to the basics.

Draw channels (1-2-3) and annotate guassians on historical graphs.

POST annotated charts so everyone can help.

Don't run before you walk.

Have faith - just the BASICS can yield good profit.


As an aside - on losing days (mentioned above) were losses left to run. Or were they cut short?

If left to run, may I suggest - cut them short.
 
Quote from bundlemaker:

During the process I noticed that (not unlike the patterns I have sometimes exhibitied in this thread) that I just got more and more lost/confused. As I integrated the latest stuff on laterals, that got me even more lost, in that it seemed to cause more questions than it answered. I told my wife the suggestion given to me was to try and take a different view point, see things from a new perspective. That baffled her as much as it has baffled me, because neither of us were able to come up with how to do that. Really, I don’t know what that means, brain operationally speaking.
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Quote from bundlemaker:

It's not that I entered and thought it was a pt3. IT's that I missed the damn thing altogether. It's like I'm staring at the chart, running through the salient questions in my head, looking right square at what's going on, and don't see anything but a blur of data.
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Quote from bundlemaker:

My mental filters don't allow me to get to the point of knowing before bar end, expcept in certain obvious situations (eg. 1/2 way through bar and actual vol already exceeds prior bar).
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Quote from bundlemaker:

I may be wrong, but I have made a firm decision that I will push through this until the point that the owner of the thread determines my presence is detrimental to his purposes. If that time comes, that will be my signal that I really do need to let go of the idea of trading.
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1. The above is not the correct mindset for someone learning anything new, let alone learning to trade.

2. Take a week off, flush your brain, and re-read that which you currently fail to comprehend.

3. "Look at something from a different Point of View" means: If your current thought on what was meant isn't working, try another interpretation.

4. If you cannot do #3 above, then you must take a break. It's life telling you to chill.

5. You aren't detrimental to my purposes, but failing to heed good advice may cause you to be detrimental to your own.

6. As far as mental filters go, you put them in place - you can take them out.

7. Relax

Hope the above either helps or motivates you to realize you are holding on waaaaay to tight right now.

- Spydertrader
 
I suspect several Hershey fans (myself included) don't trade full blown SCT.

We've taken the basics from it, adapted it to our own style, and ran with it.

Nothing wrong with that.

Some of us don't feel comfortable flying a F-18 at Mach 2 when theres a perfectly good Honda 4 cylinder primed for highway driving.

Know what I mean?
 
My suggestion.

Start posting your charts with annotations. I don't remember you did this on a regular basis (others including myself did).

That's where it all starts.

regards,
Ivo
 
Quote from bundlemaker:


.......................
Can anyone see a path over, through, or around this situation.
......................
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Your consciousness needs vacation.
Subconsciousness will take care of the stuff.
 
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Please feel free to make comments.
 
Quote from bundlemaker:

Can anyone see a path over, through, or around this situation.
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A true path does not pass over, through, or around.
REsistance will cause a path to take those directions.

A true path is in complete harmony with it's surroundings.
 
Quote from Mr_Black:

This is my chart so far ....there was some nice 1,2,3's for level one traders like my self.......:D
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I recommend drawing in carryover channels from the day before. They help you know 'the right side' of the market - early in the morning - when you may not have your orientation set in stone (especially when we have a gap).

- Spydertrader
 
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