Yukoner's 2015 Psychological Journal
- Thread starter Yukoner
- Start date
Yukoner,
Familiarity breeds lackadaisicalness
Keep your head down - and do something different - else the loop not altered
=================================
Today;
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
Three days does not a habit - or change make - it must be from this day forward
RN
Familiarity breeds lackadaisicalness
Keep your head down - and do something different - else the loop not altered
=================================
Today;
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
Three days does not a habit - or change make - it must be from this day forward
RN
Yukoner:
I have been under the weather the past few days -- hence my lack of participation in your thread. I see you did well to follow the plan on Monday. Keep up the good work.
Do not analyze why Mo Ticks are positive while the combine is negative. Now is not the time to do it. Just keep following the plan and make widgets! -- "Ours is not to question why, but to do or die!"
I will touch base with you on Thursday and, hopefully, we will take the next step of adding the awareness steps into your routine.
Rooting for you. All the best.
Regards,
Monoid.
I have been under the weather the past few days -- hence my lack of participation in your thread. I see you did well to follow the plan on Monday. Keep up the good work.
Do not analyze why Mo Ticks are positive while the combine is negative. Now is not the time to do it. Just keep following the plan and make widgets! -- "Ours is not to question why, but to do or die!"
I will touch base with you on Thursday and, hopefully, we will take the next step of adding the awareness steps into your routine.
Rooting for you. All the best.
Regards,
Monoid.
Yukoner,
Do you know when you have finally made it to becoming the trader you want to become? When people are asking you to donate to their cause, not a week goes by from this forum to where I live and people coming at you like mosquitoes hawking ways to remove what you have worked damned hard to get, they either find weak areas of your life or religion to sell you promises. If they worked their asses off too, they would be like you, each day learning how to fish instead of selling their desires of happy harmony. People often wonder why I am the way I am, just tired that mankind has gone the wrong way in 5000 years.
I agree with Monoid on "Do not analyze why Mo Ticks are positive while the combine is negative." Does nothing positive to see spilled milk, this way of thinking such as you are doing is reinforcing the bad, you want to imagine you are doing Mo ticks before you sit down so you can become that trader. I would often trade as if I was an actor who was best trader in the world, you think in positive way, you will believe in a positive way.
Handle
Do you know when you have finally made it to becoming the trader you want to become? When people are asking you to donate to their cause, not a week goes by from this forum to where I live and people coming at you like mosquitoes hawking ways to remove what you have worked damned hard to get, they either find weak areas of your life or religion to sell you promises. If they worked their asses off too, they would be like you, each day learning how to fish instead of selling their desires of happy harmony. People often wonder why I am the way I am, just tired that mankind has gone the wrong way in 5000 years.
I agree with Monoid on "Do not analyze why Mo Ticks are positive while the combine is negative." Does nothing positive to see spilled milk, this way of thinking such as you are doing is reinforcing the bad, you want to imagine you are doing Mo ticks before you sit down so you can become that trader. I would often trade as if I was an actor who was best trader in the world, you think in positive way, you will believe in a positive way.
Handle
Day #34 (Mo Step #6) - Slept well, but still getting used to the time change. About 20 mins late, but started the day off correct with the same standard routine. I did have some upsetting personal stuff happen last night with my X, but I reminded myself prior to going into trading that none of that mattered to the market and didn't need to affect how I would do my job. My job was simply to take the trades and do what I am supposed to do.
Overall, I just did my job. I took a trade... checkmark... then I Mo trade recorded... checkmark. I still felt a little bit of emotion from missing out the ticks on the Mo trade, but I would remind myself that all that mattered was to stick with the plan.
Then I got a classic setup, and excellent risk/reward to get short. I entered the order, and was 1 tick from being filled before it dropped hard. I had a second entry point to get short again, and again just barely missed being filled... now the dilemma, as I could chase the market and just get in... or I could choose to wait, and trade the plan. So yea, I waited, I traded the plan... I never got filled... and oil sold off. All good though, as I stuck to the plan. However, it just reinforced to me the validity of sticking with the plan... and getting in when you are supposed to get in.
I also stopped trading when I left my home office. I didn't add to any winning trades. Today, I just made widgets. Felt like I should have made a lot more widgets... but that is fine, as I really, truly just want to be consistent and stay disciplined.
Lastly, I have been really good about setting aside specific times to think about trading and read the forum. Giving my brain a rest is good! I am really surprised at how much time my default settings are spent on thinking about trading...
+168
+140 Mo Ticks
Overall, I just did my job. I took a trade... checkmark... then I Mo trade recorded... checkmark. I still felt a little bit of emotion from missing out the ticks on the Mo trade, but I would remind myself that all that mattered was to stick with the plan.
Then I got a classic setup, and excellent risk/reward to get short. I entered the order, and was 1 tick from being filled before it dropped hard. I had a second entry point to get short again, and again just barely missed being filled... now the dilemma, as I could chase the market and just get in... or I could choose to wait, and trade the plan. So yea, I waited, I traded the plan... I never got filled... and oil sold off. All good though, as I stuck to the plan. However, it just reinforced to me the validity of sticking with the plan... and getting in when you are supposed to get in.
I also stopped trading when I left my home office. I didn't add to any winning trades. Today, I just made widgets. Felt like I should have made a lot more widgets... but that is fine, as I really, truly just want to be consistent and stay disciplined.
Lastly, I have been really good about setting aside specific times to think about trading and read the forum. Giving my brain a rest is good! I am really surprised at how much time my default settings are spent on thinking about trading...
+168
+140 Mo Ticks
Yukoner,
Doing consistent, that good, just doing same each trading hours and during non hours try to tweak for better returns and always test. Little steps and not the forest. Just same churning it out, do same things over and over, always be your turn to get bigger winners, just do the same over and over. Yawnerville USA.
Doing consistent, that good, just doing same each trading hours and during non hours try to tweak for better returns and always test. Little steps and not the forest. Just same churning it out, do same things over and over, always be your turn to get bigger winners, just do the same over and over. Yawnerville USA.
Print above and post it next to your platform - it's golden - and reference often
Only thing I would add - don't forget to talk to your self (other)... He's as much a part of your transformation as you are
=========================
No doubt - you're building a new you
==========================
Really Good Job Today Yukoner
Rest Sir - tomorrow be here for long
RN
For CL I use variations of pullbacks some break out entries and some that retrace percentages or moving averages. I love failures whether they are simple price extreme or trendline failures where newb gets stopped out and market resumes in same breakout. Except for extreme failures, only time I go against trend in Crude and it generally a trending market. But if price is not strong enough to blast through BB and get beyond extreme, then possible good failure. I know I miss many sizeable moves by not doing straight trendline breakouts but I also miss all the false signals as well, so I prefer to select entries that are lower percentage of not losing, if account stays stable, I will get winners.
Attachments
No, I don't.
Changed this up slightly in acknowledgement of your progress – do not backslide…, else we start over
Yukoner,
Familiarity breeds lackadaisicalness
Four days does not a habit - or change make - it must be from this day forward
Head down - keep doing things differently - else the loop not altered
=================================
Today;
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’re beginning to do things differently (keep it going)
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
================
I really, truly just want to be consistent and stay disciplined.
As you must – each and every day – if your goal is to be a trader
RN
Yukoner,
Familiarity breeds lackadaisicalness
Four days does not a habit - or change make - it must be from this day forward
Head down - keep doing things differently - else the loop not altered
=================================
Today;
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’re beginning to do things differently (keep it going)
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
================
I really, truly just want to be consistent and stay disciplined.
As you must – each and every day – if your goal is to be a trader
RN