Yukoner's 2015 Psychological Journal

Yukoner said:
Is a rose any less a rose, if all you can see is thorns and a few green leaves?
More...

You're not a rose - you're an aspiring trader - a struggling aspiring trader..., bordering on failing - at that

btw...,

You can refute the failing part all you desire - but fact is

You're not making money consistently..., and most importantly ->

You're not able to execute consistently..., that is..., to simply make widgets - consistently..., and repeatedly



Simply make widgets for Christ sakes

Who the hell cares if the widget are profitable or not; No One

Just make the damn things - consistently..., and repeatedly

iow; do your job


=================

Traders..., unlike others;

Only get paid for doing

And only get paid for doing = when it done repeatedly..., and consistently

But to get there - We must do

iow; do your job



Yukoner said:
I ain't quitting... I am changing.
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Only thing you're doing at this point is beating yourself up - repeatedly..., and needlessly (while deeply ingraining bad habits)


To change = You must do something different than what you've been doing / different from what you've been doing

Not think it..., not talk about it..., but do it

iow; do your job

Yukoner said:
If need be, I will go down to only one trade a day and execute it perfectly... then stop. But I will get there.
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What ever it takes..., by any means necessary

iow; what ever it takes for you do your job - then make it happen

=====================

It matters not if every trade you take is a loser

Simply do your damn job - consistently..., and repeatedly

Until then - nothing has changed Yukoner..., absolutely not one damn thing

RN
 
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Stocks4life said:
Yuk,

I would toss out out adding on to a position, when I was doing an add on I made sure the combination of both was at least a break even at my combined stop. I think you should just concentrate on 1 position at a time, keep it simple. You got your hands full.

S4L
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Good advice. Thanks. I will strongly consider that...
 
RN,

Traders..., unlike others;

Only get paid for doing

so true, not like the good old days when I was an engineer sitting in a cubicle at Digital Equipment Corp, could get paid for doing nothing at times.

S4L
 
Yukoner,

This is Your Job Description / This is Your Making Widgets

===================================

(1) Take the first trade as per the trading plan;

(2) Note the PnL (or ticks). Immediately do a "go/no-go" analysis and disregard the PnL/Ticks -- "go" if your daily stop limit is not hit/surpassed.

(2.a) If "go" goto step (3).
(2.b) If "no-go", shutdown the computer, and do something else.

(3) When you get the signal for the next trade. Skip the trade. Instead, write the trade down in your notebook. Just sit back and observe the trade as it progresses (this is very important). Document (in audio/book) all your thoughts -- the urges to trade, all the self-talk you have, your feelings etc.

(4) After the trade in (3) is complete, go back to Step(1) and start all over again.

Notes:
(1) For any reason, when in step (1), you enter a trade not in plan, close the trade, write it down. Shutdown the computer, and walk away.

(2) Do not review the documented emotions as part of step (3) at the end of the day. Instead, review them the following Sunday morning.


================================


Today simply another new day

I am the same - You must do something different


No matter what happens / we think / we feel / mkt does

We work through it / we set it aside / we move on

We do our job

Screw the results

========================


Absolutely nothing within you has / will change - unless..., and until - you do something different



RN
 
Some additional thoughts.
If you are trading a certain market, and you are not successful, then might it not be better to trade a different market?
Some say it does not matter what market you trade, but I would beg to differ with that statement based on personal experiences.
It also appears that there is a grey button to the right of the "Post Reply" button that could be made use of in order to better explain what is exactly happening, or, what has resulted in a bad experience, and thus should be considered to make use of more often.
 
Day #31 (Mo step #3) - Had a very good personal reason to skip trading today (GR), but that wasn't in the cards as I had made a commitment to trade. Slept well, and went into the day with one focus, and one focus only... which I wrote right on the top of my journal prior to trading. "Today just do your job and to HELL with the RESULTS"

Started trading, step 1 - checkmark. Step 3 - record... checkmark. Etc, etc. At one point in the day, I caught myself not wanting to cut a losing trade quickly, because the next trade would be sim... but I quickly told myself, stick to the plan. That is all that matters.

My final trade of the day, I was in a winning trade with the entry perfect (step #1 complete), and my stop adjusted exactly, now the dilemma... I am running out of time as I needed to leave my home office. Cut the trade short and take 12 ticks, or leave it and let it play out to target?
I choose to leave it, and let it work. Ended up stopped out contributing 8 ticks, and in the past that would have probably bothered me because the trade did get up into over 20 ticks of gain... however, my target area was significantly higher as per the plan. So I actually felt really good about leaving it alone and letting it work.

Now the rest of the trading day, I could have easily traded from my work office, and without distractions. However, and I went back and double checked, I had made a commitment to stop trading from my work office as I felt the change of environment was having a negative bearing on my emotions. Very pleased I caught that, and didn't trade...
Now going to try and take a break from thinking about anything trading related until this evening.

So today, I just did my job... journal pic to celebrate.

+151

+180 Mo ticks



upload_2015-3-5_12-29-46.jpeg
 
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Am going to take a break from it all, chemo treatments really eating me up, dropping weight big time, just don't fell it worth it much any more. Laters all
 
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