tampa's "short skirt" trades...

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@jem - that was a mouth-full. Much to think about.

@easy - I didn't say that you were wrong. Just "I" disagreed:) There is no right. There is no wrong. Only P&L. Some of us have more balls than others.
 
Originally posted by jem
My background. I believe the crowd is always dumbed down. I believe the crowd belief about psychology is pathetic. Freud was and idiot so were most of his followers. (actually he may have been just trying to get laid so blame his disciples) So what you get is crap. Try looking at it from the opposite perspective. That your inner self is rebelling because it senses that your method is not set up properly and well designed to make money.

Hey if you are having trouble trading the concept-- rather than berating yourself about not following your system. You should believe that your "inner" mind is really correct and that it senses that there is something wrong with your approach. I have trained traders in my office. They always try to blame themselves for things. I always tell them that they are having trouble trading because their mind is saying "hey you do not know what the hell your are doing" and your are risking money. What is wrong with that mind. It is actually correct.

Now you may be sensing that your approach does not have enough winners to make up for you risk reward choices. Do not fight yourself, do not assume you are self sabotaging. Believe your inner self and do not trade until you are sure it works. When you are sure you will be surprised at how much easier it is to trade. Now you may be sure it works after looking at past charts. But you need to reassure yourself going forward in real time. So trade smaller or paper trade or trade 50 shares of spys until you have the track record. Only then will get the success Brandon spoke about because then you will know your goal.
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I would agree with this except for the problem that most peoples "market intuition," or even their intuition about probabilities are underdeveloped at best.

I have no idea if the "flag" pattern has any validity or not...

nitro
 
Had to copy JEM's piece and save it. I see something of myself there. Maybe I have been so flighty for the same reason, that is, I am not comfortable with my (non) system.

Something to mull over for sure.
 
<i>But bricklaying is like real work. I mean you sweat, and get your hands dirty, and yuck!</i>

Trading is real work too. Its as hard as anything I have ever done. Before I traded I loaded turkies into trucks on their way to the processing plant, and I worked as a sprinkler fitter. Damn hard work, and its really fortunate I did it, because it prepaired me for the work I would have in front of me as a trader.

Brandon
 
Originally posted by Brandonf
<i>But bricklaying is like real work. I mean you sweat, and get your hands dirty, and yuck!</i>

Before I traded I loaded turkies into trucks on their way to the processing plant...

Brandon
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Isn't that pretty much what they do to us in the market now?
 
Having worked myself into a ROYAL SNIT by looking at someone else’s system instead of my own today. And then getting all bent out of shape wondering about what might have been, I did the right thing – left the room and took a long nap.

There is no getting around the fact that my headspace is not where it should be today. I do not know why, and am at a total loss to explain it.

With less than an hour left, it is unlikely that I will trade today.

Without any reasonable explanation, I am devoid of confidence and good judgment. The day has been a total waste. (well, I did answer a letter from my ex-wife, but that doesn’t count) Sorry...
 
Catchy title, huh?

(...sogh)

I don’t know...maybe this “journal” thing wasn’t such a good idea. I mean, it obviously ain’t gettin’ the job done. In fact, I am trading FAR worse than usual!

I’ve been distracted all week – if not by this, then by something else.

On the bright side, quite a few people have taken time and effort to pass along some very good thoughts.

I really don’t want to just slink away with my tail between my legs – but nor do I wish to blow additional good trading opportunities.

Damn – it seemed like such a good idea, at the time. I don’t mind spilling my guts, so long as some good comes of it – but...

So what am I going to do? I’m not sure, but this much is for sure. Tomorrow I concentrate on trading, and only on trading. I will not monitor the site. I will not post during trading hours. I will not answer posts, or PM’s.

All of the above provides distraction, and excuses for not doing the one thing I should be doing.

The bitch is that I have enjoyed the interaction. We all know that trading can be a lonely pursuit – but maybe it’s supposed to be – at least for me. I guess that I am the classic can’t chew gum and walk at the same time kind of guy.

So that’s where I (we) stand right now. No matter what, I am flattered that so many people have read these ramblings, and that quite a few have actually joined in.

We’ll see what happens, when and if it does...
 
Sounds good to me, considering that this was your original intent.

"At day’s end I will fess up as to my success or failure."
(From your opening post of this thread)
 
Originally posted by Mr Subliminal
Sounds good to me, considering that this was your original intent.

"At day’s end I will fess up as to my success or failure."
(From your opening post of this thread)
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Go on, throw my own words back in my face!

The real truth of the matter is that it sounds good to you because it was your advice to me!!!

It's after 10 o'clock - dos your mother know where you are?
 
Tampa I have an office in Naples. Just me and no one else. I am not commercial or soliciting or any stuff like that.

What if I extended you the opportunity to trade in that office. No naps, ET blocked out, nothing else going on but you and the charts. No browsers, food delivered. It is plenty big enough for two people. I won't trade. I won't even tell you how I trade. We'll just go over your method Sunday evening, and the following week I will be there with you as support for you to get in, stay in, follow the rules.

When each day is done, we can go down to the Dock and relax, maybe have some food, talk about the day, or whatever. Then we'll go back, review the charts to see if you missed anything and prepare for the next day.

Come Friday afternoon, you can go home to Tampa.
 
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