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Emotional Trading - Finding Humor in Losing Days


Discussion in Emini and Emicro Index

Updated by cory
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Emotional Trading - Finding Humor in Losing Days

  #1 (permalink)
Georgia USA
 
Experience: Beginner
Platform: NT8
Broker: Continuum
Trading: ES
 
JMoniker's Avatar
 
Posts: 25 since Jul 2018
Thanks: 47 given, 49 received

Emotional Trading - Finding Humor in Losing Days

As some of you know from my last post, I had a bad week. Every time I have a good week, the following week is awful and I do things I will never understand. I know I'm better than the entries I took here. It was really choppy this day, I was emotional from prior days of losses, the DOM was flying around erratically, and I was at the time on a 5 minute chart. I must have had an acute case of amnesia and my trading plan, rules, everything went out the window.

I decided to go back and zoom in on a one minute chart for this day. This is what I found. Mind you, this was my BEST day this week lol. When I go back to look at my trades for a bad week, I always write little comments that make humor out of my losses or missed opportunities. Sarcasm always lightens the mood for me. Furthermore they help me remember to be humble and rational when I have great wins. A work in progress clearly. I dedicate this screenshot to anyone that is still new and having a hard time with consistency. I'm still having days like the one pictured below. When the DOM locks up and chops around and I know it's gonna be a crazy day, I start sweating and the following result ensues:


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  #3 (permalink)
the coin hunter
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ES follows fib level very well but if I was long at 200% extension level somehow I wouldn't get filled.

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  #4 (permalink)
Georgia USA
 
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cory View Post
ES follows fib level very well but if I was long at 200% extension level somehow I wouldn't get filled.

Wait so my first trade of that day was shorting at 200% extension? LOL

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  #5 (permalink)
the coin hunter
virginia
 
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JMoniker View Post
Wait so my first trade of that day was shorting at 200% extension? LOL

you can even see how well it bounced at 100%.

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  #6 (permalink)
Georgia USA
 
Experience: Beginner
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Trading: ES
 
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Posts: 25 since Jul 2018
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cory View Post
you can even see how well it bounced at 100%.

How can I get my fib extension tool to extend to 200%?

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  #7 (permalink)
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 5,994 since Jun 2009
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JMoniker View Post
How can I get my fib extension tool to extend to 200%?

ninja mess up on this one, on NT8 they add so many steps to change the level
on your chart hit F9, click 3 point randomly to draw the fib tool, right click on it , select property, hover cursor on level to change it to edit level then click on it, select add then specify 200, click apply, phew!

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