Yukoner's 2015 Psychological Journal
- Thread starter Yukoner
- Start date
Unless I am so fatigued from whatever ales me, I trade, but what I will do is I know stats well for all my signals which is 9 for ES and several for CL, so I will cut back time on CL as I have to wake up at 3:40am for Crude, surprising wake up few minutes before alarm often. I will cut back on signals. I find trading stresses counter balance stresses from health and other businesses. I am often concerned by not at least looking over charts each day that I might "lose it" as I did when younger. So even on vacations I will either trade a bit but always look at my signals each day, maybe even get new idea of getting in extra tick better and reduce risk.
Yuk, if you sim trading, why not do what you do, cause watching it and saying you would do this and take not worth anything as you don't have the stress to get continue "brownie points" to the brain for doing it right. More times you "have it on the line" feeling whether real time or sim, you memorize your signals for entry and what price is showing to possible not taking signal.
H123
Question Sir
You at one time told YK to quit ingraining bad behavior (great advice)
He has many extraneous (extraneous to trading) things on his plate at the moment
He.., based on the last 3 days of last week - is not making good trading decisions..., nor is he able to focus adequately on trading
Why prompt him to keep trading?
Why not have him step back..., clean off his plate..., regroup - then return to trading
Just curious
RN
Question Sir
You at one time told YK to quit ingraining bad behavior (great advice)
He has many extraneous (extraneous to trading) things on his plate at the moment
He.., based on the last 3 days of last week - is not making good trading decisions..., nor is he able to focus adequately on trading
Why prompt him to keep trading?
Why not have him step back..., clean off his plate..., regroup - then return to trading
Just curious
RN
I have been following your thread so as to learn about psychological/spiritual traders issues.
This is a free advice - you can take it or leave it : it does not cost me any money if you do it or not, nor does it change my life.
May I suggest , you try the www.dhamma.org at least one time.
Then observe the differences in your trading for 6 months, then take another serving of
the www.dhamma.org
In case, you get to think this is BS, just for your information, it is considered good for
google ( the company) execs to do it.
Based upon things he discussed in his prior trade journal and the same issues he's discussed in this current trade journal...this isn't an issue that showed up last week. Its an issue that has been there since he's started these trade journals.
Simply, he just doesn't have the time to resolve these psychological concerns because there's just too much other things he's dealing with. I guess this is why he's been trying to resolve these issues while trading...doing such will never produce the desire results.
I can only say what has worked in my life, spend weekends to rest brain from stresses of trading but spend time figuring out what is going on with system, which I believe in my heart what is wrong. System might be the greatest under the sun, but I think subconscious doesn't have any faith in it. We can go on and on the strengths and weaknesses of sim trading, but he not trading real time which tells me he knows subconsciously something is wrong as he has demo'ed moments of good ability of mentally trading that plan.
We all have other areas of our lives going in different directions, but this is more of an opportunity of seeing how he handles what is going on. RN, say you have deposited half million with him, he has so much drama going on continually in his life, would you think when with his life become normal when to me obviously never going to be normal, or find a way to deal with it and trade OPM?
I think the most interesting and successful people had major problems to overcome, so what goes on in other areas of life are always opportunities. I think only time we make changes while in the middle of it, stepping back-that be fine if one going to toss out Trading Plan, I certainly have tossed reams of journals into fireplace of trying to make something work, we change, what worked once before won't always be happy with out inner self now.
I stand by trading few hours each day, find something in this time that is working, keep the good and start new with other areas.
H123
Thank You Sir
I don't know
====================
I think this applies to all people - it the one's who overcame..., that became successful
I think it a combination of system and internal
Me also - started over so many times I lost count
Much Respect H123 - as always
RN
Thank You Sir
I don't know
====================
I think this applies to all people - it the one's who overcame..., that became successful
I think it a combination of system and internal
Me also - started over so many times I lost count
Much Respect H123 - as always
RN
Four and half years ago I didn't toss what I was doing, automated them as I just couldn't do them manually any more, subconsciously didn't fee all happy trading it any more. But I wanted to make systems based much more on low losing percentages than on most profits which always have higher drawdowns for methods I have made. So I cut risk by a third, targets remained same, so R:R is still more risk than profit but cause stricter on time management and using more price patterns for exits have helped as well. And over this weekend designed method where I risk 3 ticks for up to 5.00 points in ES. But four and half years ago, I took three months off and just tested, kept what always worked well and started to add what worked well. But I remember 25 years ago, every month I would toss whatever I was doing into fireplace, half was systems and half was me.
Day #5 - Had a great day off on Sunday and slept really well... woke up refreshed and ready for the day. I had given it a lot of thought on what I should do today, and the rest of this week. In some ways, my question earlier about what would a professional do had resonated... because I realized I hadn't been a professional.
So today, at the top of my journal, I wrote my goal... "To make all trade adjustments based on market structure". And I accomplished that, with the exception of one trade about half way through the day.
What triggered closing that trade was two things:
1) I was slightly biased long, even though my methodology said to go short. And I did go short then
2) The thought jumped into my head that I would get stopped out with a loss, so just take a smaller loss now.
Then I had the painful experience of getting out at the high and watching it go to target, and then some and the whole time I didn't participate. I took a small break... reminded myself of what had happened... and then repeated my mantra, "make trade adjustments based on market structure".
After that, in a way it was almost a bit easier to just trade. I had recognized what had happened, and now I could watch out for it.
The interesting thing I found, was that when I was done trading for the day, I was in a pretty low stress state. Reasonably relaxed. Felt like I had pretty much done what I was supposed to do. That was a good feeling. It's possible...
+204
So today, at the top of my journal, I wrote my goal... "To make all trade adjustments based on market structure". And I accomplished that, with the exception of one trade about half way through the day.
What triggered closing that trade was two things:
1) I was slightly biased long, even though my methodology said to go short. And I did go short then
2) The thought jumped into my head that I would get stopped out with a loss, so just take a smaller loss now.
Then I had the painful experience of getting out at the high and watching it go to target, and then some and the whole time I didn't participate. I took a small break... reminded myself of what had happened... and then repeated my mantra, "make trade adjustments based on market structure".
After that, in a way it was almost a bit easier to just trade. I had recognized what had happened, and now I could watch out for it.
The interesting thing I found, was that when I was done trading for the day, I was in a pretty low stress state. Reasonably relaxed. Felt like I had pretty much done what I was supposed to do. That was a good feeling. It's possible...
+204
Last edited: