Quote from dawg:
Jacks thanks for the comments and suggestions...i will work on what you suggested. Gonna print it out and keep it next to me. I completely agree i am too quick on the trigger...old bad habits die hard.
Everyone has a break through in trading. This will be yours.
Here is the general drift that I try for.
1. Safe high velocity rockets.
2. Washing on ice bergs for beginners. For intermediates staying with the iceberg.
3. Seeing rockets end in congestion ,convergence and centering.
4. Seeing BO's out of centering. (Pennants too).
5. Expert slaloms through congestion. (Advanced wash trading)
6. Setting up trends using point 1,2,3. Looking for second point 3.
7. Stop logs using price formations.
8. C &R ing with market periodicity (two peaks (troughs). Tighening stops when pace quickens.
9. Seeing BO on trends for exits before stops.
10. Seeing new trend begin inside old channel. Point 1. (Failure to traverse)
11. Seeing point 1 as reversal for maxing trend run of profits. (If reverse into congestion, then trade out as in 5.
12. VDO inside bar combo.
You can see how you can let go of habits as time passes. Just go to adjacent activity near where the bad habit hits. Yours is setting up point 3. If you write in point 2 and wseat through getting a no flaw point 3, then you will be killer trading.
Profits do not creep up, they are like a postage stamp graph. Once we get to multiple contracts, then the cash flow really comes along with no new learning required.
