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The Beast Slayer, Lance's NQ Trading Journal


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The Beast Slayer, Lance's NQ Trading Journal

  #321 (permalink)
 
bobwest's Avatar
 bobwest 
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lancelottrader View Post
So, to me..the number one thing is to try and ascertain as early in the session as possible what type of conditions are underway..and if we are in a consolidation phase, the early stage of a reversal..or a pullback. This is one of the reasons every 5 minutes or so, I will scribble on a notebook what type of conditions the market is in. The more I describe the prevailing price movement by speaking out loud or in writing, the more in tune I get. If I rely on my silent thoughts, I don't seem to do as well.

That's a very good idea. I'll try something like it and see if it helps in staying focused.

Thanks.

Bob.

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  #322 (permalink)
 lancelottrader 
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Sazon View Post
I'm currently trading 8 different markets. I personally stay away from gold because it seems to have flash crashes too frequently. For example, take a look at the 7/19/15 intraday chart of gold.

I saw that chart..pretty crazy! I've traded it off and on for while..so I've seen it do a lot of extremely sharp, fast moves. I'm just monitoring it again. I probably won't go live with it unless I get some consistent results. Thanks for the heads up.

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  #323 (permalink)
 lancelottrader 
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In this video, I talk about the biggest problem I have tried to overcome in my trading. It deals with psychological issues that I'm sure many other traders experience as well.

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  #324 (permalink)
 
Tap In's Avatar
 Tap In 
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You look like your dad. Thanks!

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  #325 (permalink)
 Nathn 
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Great video! It sums up exactly where I have been for the last several months. Thanks for sharing!

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  #326 (permalink)
 lancelottrader 
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Nathn View Post
Great video! It sums up exactly where I have been for the last several months. Thanks for sharing!

I'm glad it was helpful.

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  #327 (permalink)
 lancelottrader 
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Unbelievable strength in Oil today. I did well..but left a lot of money on the table. I had several opportunities I didn't take because I was way up on the day..and didn't want to give anything back. That's an amateur mindset. If the market is offering these kind of moves..you have to keep taking them. This could have been a 100-150 tick day easily and I settled for 55 ticks.

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  #328 (permalink)
 lancelottrader 
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lancelottrader View Post
Unbelievable strength in Oil today. I did well..but left a lot of money on the table. I had several opportunities I didn't take because I was way up on the day..and didn't want to give anything back. That's an amateur mindset. If the market is offering these kind of moves..you have to keep taking them. This could have been a 100-150 tick day easily and I settled for 55 ticks.

Update 12:20 pm est...Went back in and made another 20 ticks. So made 75 today. Not too bad.

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  #329 (permalink)
 lancelottrader 
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Update: 12:41

Two more wins. Probably my best day ever!

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  #330 (permalink)
 lancelottrader 
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9:34 am 9/1/15 Just a heads up to anyone trading Cl today. This is what I call chaotic volatility. Very difficult price movement to trade. Be careful!

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