The mind of a trader

JTrades said:
In the following context I agree with this: for example, often when a big bar is forming you get volume coming in and volatility, price is up and down rapidly and looks like price could go anywhere.
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I don't have enough fingers and toes to count the number of times I pulled an order because price was running hard and fast into the level I was looking to buy or sell only to see that I would've been filled within a couple ticks of the turn and ended up with 3x the expected profit.* That's why the "how" of price movement is irrelevant to my trading plan. Everyone's plan is different though.

* And I'm sure plenty of traders can woefully recall chasing price off those same hard, fast moves and ending up holding the bag at the high/low tick. o_O
 
jimmiebarton said:
i'd like to see ND or RN place a 'live' trade or two. theory is great, lets see it in action;put some rubber on the road :)
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Been there, done that, on ES Journal and CL Redux, in ET's old chat room, in Robert Weinstein's chat room, and on Skype for the better part of a couple years.

It didn't seem to help anyone in any way; if it did, I invite any of you old trading roomies to let jimmiebarton know just how helpful it was. ;)
 
JTrades said:
Also agree with this: the pattern / price action within the interval of a bar has significance. E.g. straight up versus up-down-up-down-up-down-up.

But there's got to be a point beyond which we ignore information?
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JT

I'm not following you here

Ignore it - no...., whether it a 1 yr bar..., or a 1 min bar - it all the same information

Now.., if you referring to the TF (time sampling) of said bars - Yes.., I think one can get too far down in the weeds (1 min is my absolute max - before it makes me nuts)



This isn't an either.., or - rather its a blending - of the overall & interim...., compared/ contrasted to what is currently occurring - imo

With a smaller thrown in.., for a finer (I call it microscopic) view

I want to see the battles..., the one side winning over the other..., the disinterest..., the stop runs..., all of it

RN
 
djmartin said:
If you knew what you know now, what would you do different when you started trading?
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Eliminate the time wasted chasing my ass trying to know the unknowable

Eliminate the wasted money / time on trading services

Read less books..., study live charts more

Learning to trade is pretty easy..., learning to think / act as a trader - takes a lot of elbow grease - and where the focus needs to be

Be more accepting of exiting..., once a trade breaks down..., and the loser still small

Buy more gold ;)


RN
 
JTrades said:
But there's got to be a point beyond which we ignore information?
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Had a think last night JT..., and any information we would choose to ignore - could / would be considered noise - I think

Then thought about the sources of said noise - as related to trading

All I could identified were three "potential" sources

Care to take a stab at what they might be

Little mental gymnastics to kick start the ole cranium this morning

:)

Good Trading All
RN
 
djmartin,

You trying to find time to trade while at work or you only trading when you have a day off during the work week ?

If you only trade when you have a day off during the work week...how often does that happen per month ?
 
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