Trading the Plan

studentofthemarkets said:
It would be helpful to have a Error log dedicated just to errors as well as a way to track the errors of each method for ranking them.
More...
STM, Off the top of your head what are your three top errors posted in under 4 words each?
delete erro.jpg

You appear to have a tendency toward overcomplication.
Just write the error down with a pencil on your current pad. Now you have an Error Log. "Well Done is better than Well Said." Move on.
If need be, then go back and tally your errors.
 
easymon1 said:
STM, Off the top of your head what are your three top errors posted in under 4 words each?
View attachment 288333
You appear to have a tendency toward overcomplication.
Just write the error down with a pencil on your current pad. Now you have an Error Log. "Well Done is better than Well Said." Move on.
If need be, then go back and tally your errors.
More...

Great idea.

Here are my 3 to start off the Error Log with:

1. Overtrading after losing
2. Forgetting key factors
3. Misreading market behavior

Having a good checklist is going to help with all 3 of these!

Thanks!
 
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studentofthemarkets said:
Great idea.

Here are my 3 to start off the Error Log with:

1. Overtrading after losing
2. Forgetting key factors
3. Misreading market behavior

Having a good checklist is going to help with all 3 of these!

Thanks!
More...
What about
missed trades,
early entries,
late entries,
mut trades?

You never do those? lol, or is it because you don't have your 'setups' defined with enough concrete hard-edged granularity to enable a Go-NoGo with enough specifity. Therefor, isn't it much 'easier' for you to gloss over those specifically identified error problems and rely on vague impractical prescriptive discriptions of result situations that you end up in as a result them?

You strike me as a closet artistic trader.
Maybe give that a try, there is a greater number of them to model. Written rules based trading requires tested trusted setups. That's all before trying to execute. Artistic traders? Ask around, see what you come up with.
 
easymon1 said:
What about
missed trades,
early entries,
late entries,
mut trades?

You never do those? lol, or is it because you don't have your 'setups' defined with enough concrete hard-edged granularity to enable a Go-NoGo with enough specifity. Therefor, isn't it much 'easier' for you to gloss over those specifically identified error problems and rely on vague impractical prescriptive discriptions of result situations that you end up in as a result them?

You strike me as a closet artistic trader.
Maybe give that a try, there is a greater number of them to model. Written rules based trading requires tested trusted setups. That's all before trying to execute. Artistic traders? Ask around, see what you come up with.
More...
lol. You asked what my 3 top errors are, so I gave you 3. So I need to write them all down? Now I have to make more columns in my notebook!!!:)

I make lots of types of mistakes! I will need a whole spreadsheet for this.
 
Balderdash. Guilding your masterpiece data repository, that's just more evasive busywork.

What you have listed in response to your biggest errors are simply discriptions of conditions that develop due to your errors, assuming that you have sufficiently solidified border parameters for Go / NoGo situations. Have you? Are they as plain black and white as something like this?
https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-18#post-5309309

Again, What about
missed trades,
early entries,
late entries,
mut trades?

Do you ever commit those errors? Yes or no.

delete-erro-jpg.288333
 
studentofthemarkets said:
Great idea.

Here are my 3 to start off the Error Log with:

1. Overtrading after losing
2. Forgetting key factors
3. Misreading market behavior

Having a good checklist is going to help with all 3 of these!

Thanks!
More...
Now add to those errors what you can do to avoid making them again.
How do you stop overtrading after a loss? Etc.
 
easymon1 said:
Balderdash. Guilding your masterpiece data repository, that's just more evasive busywork.

What you have listed in response to your biggest errors are simply discriptions of conditions that develop due to your errors, assuming that you have sufficiently solidified border parameters for Go / NoGo situations. Have you? Are they as plain black and white as something like this?
https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-18#post-5309309
More...

They might not be as black and white as they need to be. It's a little hard because there are so many ways that price action plays out that it's hard to find the same pattern happening exactly the same way each time, but there are patterns that have similarities. So I've tried to form my rules loosely enough to allow for capturing the similarities yet tight enough that they filter out the times that the patterns aren't forming in a tradable manner. I haven't finalized all the details of my rules yet because I recently switched to the 6E from the ES and it behaves a little different.

So, that's a long worded yes and no answer. (Which I know you appreciate!) :D


easymon1 said:
Again, What about
missed trades,
early entries,
late entries,
mut trades?

Do you ever commit those errors? Yes or no.

delete-erro-jpg.288333
More...

Yes
 
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