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self coach trading
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self coach trading

  #151 (permalink)
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behavior march12

in one hand i was carefull with s5, i do not have room to errors, only 16 ticks max dd
2 loser-8-6
and the 3rd +8
4+4 and close +6
for tomorrow up to 194max dd
maybe time for zn

for other hand, i overtrade on ts, and use more risk because i do not have the strict control the combi on s5, is like ui have a freedom to trade in TS, (no strict rules, almost no rules)
and the difficult task to select with much care on s5 because i can fail, is more serious.

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #152 (permalink)
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end of the live test again combi 2 failed quick

yesterday i made 1 zn trade, ok, calm
but the caos came with es sell off.
i made a trade fading the range, and fail, ok -8, i took the stop, but after then i was unable to capitalize the sell off, i made 12 trades, when i trade the b/o short (5 times), i was stop out because i was fear the loss in a spike up, all of them i could have a mfemax of 18/19 handle
and ,and this is the breaking bad the plan i not follow, i made counter trend trades, yes, i broke my last new rules, i made 6 ct trades, and i lost my shirt and my pants there
-59 , i overpass my daily limit my max dd, and fail thye combi, the test, the live test, and almost everything
very dissapointed, step back 100miles

i think, then, ok, now i let one trade zn long open for long time, also ec short.

but what happen
zn winner from 17 to 19, i exit, because i said , ok my rules said exit, and then i saw spike to 23!
and then before the close, i made a new counter trend trade
short20.5, and this morning , stop out 24.0, tyhen if let it open long.
but any way, evidently, this is not the way how can i become ina trader, i continue become in a poor losers
thye plan say if fail max dd, again (23067.26--DD-1400, )
stop 1 month
ok, i will stop.
bye bye to the illusion, to i am on the right way
if i practice sim i do not find mu mind problem
if i practice live i lost the money
then what next?
find in sim something i trust ?
change everything? move to bigger time frame?
or continue this in sim?
or go to zn&dom?
or go to opportunities trades?
or read bmt?
or yoga?
or quit?
or holiday?

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #153 (permalink)
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alejo View Post
then what next?

Stop trying to trade at the speed of light?

If the writing style in your journal matches your thought machine then you need to slow down by about X100!, try to work within a more defined context, maybe higher time frames (you can still use smaller to help entries) but with more feel for where the market might be compared to weekly/daily levels, etc.

This damn game is so hard for all of us and running at speed definitely makes it harder.

Have a good weekend.
Cheers.

Travel Well
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  #154 (permalink)
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thank you for your advice


ratfink View Post
Stop trying to trade at the speed of light?

If the writing style in your journal matches your thought machine then you need to slow down by about X100!, try to work within a more defined context, maybe higher time frames (you can still use smaller to help entries) but with more feel for where the market might be compared to weekly/daily levels, etc.

This damn game is so hard for all of us and running at speed definitely makes it harder.

Have a good weekend.
Cheers.

ratfink, yes you right, i will do (unless i will try)
thank you

alejo

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #155 (permalink)
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thought from combi´s failed day

i was reviewing the trades from yesterday and one thing that bother me a lot and start to igniter strabge things in my mind is when i lost an chance, fopr example:
first trade in zn, a setup, trend up, pullback, fade range, +123.28.0, little risk, lot of possible reward
i exit +3
go as crazy up till +50ticks

after a crisis with es, i say ok, i go long 12417
come later, i see 4 tick i took 19
1 min later spike 10ticks

in the evening i say (this is the worst), counter trend anti plan
fade, near the end of day i mfe+2, , i let it open (unless with stop in place)
and this morning stop out

all fight for the crisis to lost the move in es (not only lost the move, )if not i lost in the move, double lost

analizing the combi failed, i found after 3 losing trades in es(2 of them with a nice potencial of 78ticks&close for me quick) ,start to making out of plan trades, then i not follow the plan, more 2 losers in arow, more than 3 losers, more than 5 trades, 6 counter trend trades, and 1 with no risk respect, the last -20stop, moved

exceeed max dd.

it look like i am not able to think, on the speed of the downtrend or uptrend, i see the trend, i see the pullbacks, but i do not believe the continuation, now, when i was with trend, i close it before with fear
it is a combination, bad mix combination.

today i stop trading and only i watch,

the only rest of yesterday crisis is an open short 6e after the krd of yesterday, planning to hold longer, but with the reversal of today, i start doubting again.

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #156 (permalink)
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two schools of thinking

one is to find and test and twist in sim up to the process is incorporated as second nature, then go live and close the gap one find it there

the other is to fight against the braind, emotions, instinct, trading live, find i cut winners early, and hold losers, get emotion, revenge trades, brake rules and so on, while i build and handycraft the strategies.
with the second one i lost 10k, in the last 2 month

the first one look safety but with not emotions, it looks like losing time
the second one it looks like a losing money goal

i use this month of pause to re read, re tunning, find something ,simpler, and be ready to test it

but the main issue it is me, then that test and their solutions come with the live

with i have doing now, i could be profitable if i did not brake the rules

maybe if i simplify the rules?
or as mike &others said, i do not trust in what it is my edge?
maybe step back to 1 instrument?
i call this minded cocoa

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #157 (permalink)
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scalp and not scalp

it looks like it is much better not to scalp, for the tons of advice i read and receive
to not scalp , we need to go for bigger target and let use bigger stops, the use big time frames, and think much better and slower where is the area to go in
for example i see each time more clear than es it moves from one side to other in almost 10 points or more
but how enter in that?
in the other hand the result buy and hold look better than scalp
ideas to think

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #158 (permalink)
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It seems like you have many racing thoughts going on between your ears during a trading session. Just my observation - maybe I'm wrong ? I listen to classical music during a trading session. It seems to calm me down - and most importantly, slow me down. I always trade better when I react to the market instead of over trading which means I am just allowing the market to throw me around. Just a thought.

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  #159 (permalink)
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thanks for your advice


PropArb View Post
It seems like you have many racing thoughts going on between your ears during a trading session. Just my observation - maybe I'm wrong ? I listen to classical music during a trading session. It seems to calm me down - and most importantly, slow me down. I always trade better when I react to the market instead of over trading which means I am just allowing the market to throw me around. Just a thought.

thank you for your time to help me.
you right about the race on my head, analizing what happen while on a trade, hold?, exit?, wrong?wright?i would like to learn what way to choose to continue on
first doubt about market, second, about scalp or no scalp, third,focus on execution/mind or focus on entry/setup/learn mkt,time frame 5 or 30 , SO or SI, time on screen, swing open pos, watch 1 market or scan for opportunities in 5/7 mkt...
with a lot of pieces of this puzzle ,i am near desesperately, hopeless, and feeling going around biting the tail

thank you again, and if want to helpme guideme ,welcome

alejo

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #160 (permalink)
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alejo View Post
one is to find and test and twist in sim up to the process is incorporated as second nature, then go live and close the gap one find it there

the other is to fight against the braind, emotions, instinct, trading live, find i cut winners early, and hold losers, get emotion, revenge trades, brake rules and so on, while i build and handycraft the strategies.
with the second one i lost 10k, in the last 2 month

the first one look safety but with not emotions, it looks like losing time
the second one it looks like a losing money goal

i use this month of pause to re read, re tunning, find something ,simpler, and be ready to test it

but the main issue it is me, then that test and their solutions come with the live

with i have doing now, i could be profitable if i did not brake the rules

maybe if i simplify the rules?
or as mike &others said, i do not trust in what it is my edge?
maybe step back to 1 instrument?
i call this minded cocoa


from the sound of it you may not have an edge working right now. I found that one can use up a lot of time with no real edge. Also simming should be done so one can consistently garner statistics of profit factor at least 1.5 to 2.0 or greater for a month , or months or more before going back to live trading. Also did your live losses exceed 40% of your account in the last two months? If this is the case, then from a professional plan I had learned, one should stop trading live for at least 3 months.

True, this can go one for years. Maybe "losing time" not making profits while "others", the 5% profitable make profits. But considering, there are those who made profits 10 years ago, and 20 years ago and decades ago to the 19th century. For myself I can never catch up to them because I'm a dumb person and slow learner for one, and I've only only started trying this trading endeavor 6 to 7 years ago. And not really daytrading attempts until 5 years ago.

( And I worry everyday, the retail market will be banned or outlawed in a very short time. So even this avenue
what the rest of the populace critically think of as nothing other than "legalized gambling". (which I agree it's gambling with all it's guilt-inducing implied vice. It isn't "real work". But then again today we have proportionally some of the lowest wage deflation since the robber baron times. unless one is a gov't worker and can vote themselves raises through taxes like in California... That's why I wish to make trading a stable part-time stream of income for myself while still making "peanuts" in the "regular" work world many are now forced to do so in this collapsing world economy).
But in the end it may not matter. If the markets collapse, the whole world is going down together and the post office will stop delivering mail (already in bankruptcy/furlows etc., unheard of). And we may be better off all learning how to grow our own survival farms in the end in the near future. But what can we do, there is nothing we can do short of bloody revolution and future world wars. )


The following is just my opinion. It may or may not be a good suggestion. Stay off live trading for 3 months after a 40% loss. Regroup. Maybe try one of the vendor "schools". Maybe try CJBooth's mentorship. There are a bunch of them out there. Also try elitetrader reviews. As futures.io (formerly BMT) vendor review list doesn't seem to cover a bunch out there.
i think following a vendor method with at least a 40% to 50% chance while learning money management of losers and also managing winners is the best shot of succeeding. Since 95% of vendor "schools/products" are scams (similar to 95% of retailers lose coincidentally) it may behoove you to take advantage of review resources and find a list of vendor schools that have the least signs of being a sim fraudulent babbling presentation and an ad organization for endless subscriptions and endlessly new and revised indicators and strategies).

There's also a few free method shared generously on futures.io (formerly BMT). For example JDNeeman's alpha trading method thread. The method looks to me very similar to CJBooth's and some of Woodie's. Well setups can be the same entry, i.e. a "setup by any other name". Surprised that institutional HTF/algo trading with their size hasn't moved some of those setups out of profitability already. Well the 6E has been devastated since two years ago imo. Maybe CL is next. Good luck Alejo.


Last edited by Cloudy; March 17th, 2014 at 06:58 AM.
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