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self coach trading
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self coach trading

  #181 (permalink)
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alejo's Avatar
 
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gambling approach

bad thing
yesterday i made some bets, because i think could happens this ,or this
it is a mix of hope to recoup, to not lost the supposedly chance, and with that , not only lost money, lost time, effort, focus,
good thing
i tried yesterday the test welly chart, i heared the prep of ft for es, wait the 15 min after the open, and start to trade, and after 11 trades, 2 of them were the key, short 76 upper band and long 71 lower band
if they were 3 point stop loss an 6 point target ,could be ok, ratio 2:1, max 2/3 test of this support/resistence areas, and signs to roll
can be+20/-12
or scalp for +4/-5?

or entrer with -5 risk sl and add

sh 76
add75
add73
exit 70 +24+20+12=+56

the other
long 71
add73
add74
add77
exit 78 +28+20+4=+52

the equivalent with aiao risk3*12=-36
sh76
exit 70 +24*3=+72
L71
exit78 +28*3=+84/$1050

if scalp with 3 lot
+12/-15
10 trades
6w 4L
+6*12=+72
-5*4=-20
+52/$650
costs+30*3 $-90
+$560

in 3 scalps i am risking more (-45)than in 1 trade aiao(-36)

the best is adin but it look the more difficult to execute risk -5/for +52

what will be the win ratio of the 6 point target?
40%?
then
aiao
4*(+84)-6*(-36)
+120

in 2 days of scalp is the same....

to be continue

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #182 (permalink)
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alejo's Avatar
 
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behavior 2april

i was thinking that I am in worse mental condition, today, after the yesterday crisis, but i can did the preparation, check levels ,wait 15 min after the open, and go for another day of traing ,well, in hindsight i see i need to wait more time before to jump on trades if i want to catch the nice moves, it was good that i cut all to little losers, and i let one to run+21/1h , but later i fall down in a pure scalping , and i lost again the chance of a nice move up
6l 3w +10
when zn was on bttom i made 1 trade, the plŮan was 3lotstrat,but i extend target, and mise thye mfe and i close it when go bad

early i was watching gc and it is getting coiling pressure, and i enter, with luck this time, jump up and i got +63
this opportunities trades, can be useful?
can i considere a setup wait to coailing days?

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #183 (permalink)
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daily goal target or not?


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after watching this, i was wondering if it is good or not to have a daily goal target

i reach +19 and go almost down

if you have 50% winner ratio ,and made 2 winners, it is not smart to stop , instead of wait the losers to come?
or it is better continue trading because today is my day?

i was starting with a daily limit and i get it and stop with rules when i practice 3lstrat,

i hear a lot of things about this, it is better not to have that?

i decide it is better to not have the limit, to avoid to cap the winners

but in the real practice i have my doubt about it

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #184 (permalink)
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another friday with loss of control from+33 to -86

the day start well , i made 4 trades and up +33 and was 1020et
the big sell off did not start yet
i was thinking if it is not ok, to stop, because the daily goal ,but not the speed of the events increase, i lost 1 trade -31 tick, bad trade, no risk respect, counter trend, but , that is not the problem ,or the main problem.
i start emotionally trading counter trade, and chasing to try to get something, but , when long, the train kill me, when chase short, reverse, and again and so on.
and the last , always thyw worse, counter trend ,with mae-41 ,exit finally for -24
i lost ,any chance to get a single trade on that trend, with that behavior
the idea to hold the winner when i was short 88.50, is pure imagination, but could be 30handles, and again how?
there were 8 pushes and with a trail with 4/5 points it culd be possible to ride it down.
but anyway , that is for a couple of years, if i am live
i became a fantastic day in a nightmare day
and i get the prize for overtrading with 16 trades

again the step between the calm and the breaking down is very thin
i was thinking, it is a good idea to stop here, it is a good idea to stop here.
but when i enter the trade thinking the POC hold, i went +9 mfe and let it down to -31 break ylo, i was lost, and the revenge, emotion, crazyness took over, and , i could not be able to stop, turn it of the pc, and go with b/e day, not, and now, i eat -86 form+33 (139dd)

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #185 (permalink)
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time to stop and worried about adiction

evidently this way is not the correct, i am lost control of myself, and the problem is not only the 90k lost, and 2years of my time, but it is affect my life, my job, and me, i need to stop, close platforms, and think

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #186 (permalink)
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I've had the same problems not being able to hold onto winners.

I'll give you a little piece of advice before you walk away that has helped me stay in the game and you probably already know because you stated part of it earlier. Ironically it's - walk away while you're in a trade, or at least parts of it -

I found it out when I compared the results of a continuous replay test with a manual candle by candle replay that the candle by candle outpreformed.

I found that I have better results when I place a trade with a stop and alarm to come back at the end of each candle to check to see if I want to scale out or go for another candle than I did just watching price bounce around continuously. This also works similarly to how walking away with predefined targets/stops at certain levels helps results.

It's something worth checking into if you haven't already.

Itchymoku

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  #187 (permalink)
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8 days without trading

the unplug process is on
cancell in hold TS
shut all charts down
the first week completely off,
the last day watching the EOD
working in my job, try to put things in order
really the time i can dedicate to learn to trade need to be decreased
i need to stop the idea to replace my income with trading
i realize that the message i have received and i reject, about to stop trading were good advice
it is not possible to earn market from the market first
finishing the book about the kelly and the scientist, shanon, etc.
i go to reread and take notes form the @wldman thread
i will study the kelly criterion, and measure the risk with minilots

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #188 (permalink)
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Hey man...

@alejo

I believe that you are taking a correct step here. Do not be discouraged alejo, rather take some time to think things out and learn your specific approach. It is flattering that you want to read my posts as part of this process. It is important to note that even though I had an extensive screen and floor background prior to becoming a sole prop electronic trader I never had an easy time of it. The transition was and still is difficult at times. Where I am at as a trader is the result of over twenty years of hard work and a great deal of trial and error...focus on the error!

I have been lucky to have great mentors and to have been in the right place at the right time many times. This is hard work and I am certian that will never change. In my opinion consistent productive trading is as much due to preperation as it is to application. The psychological side in my opinion is prerequisite and many people never even think about that aspect.

I did not want to be live skype with you because I can't look after you with due care in the battle. If you are not trading, putting money at risk, I'd have a different opinion because then following me can't hurt you. I am not looking for devotees or following. I post mostly for my own benefit...so I can collect and filter information. Credible guys will also say that "helping" others helps them to stay on course...that is true for me as well.

I have a book to send you called, "How we Decide". The book is "popular nueroscience", has nothing directly related to trading, but relates directly in everyway. Check your inbox.

If anyone else wants to read that, let me know.

Be well alejo.

Dan

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  #189 (permalink)
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Okay...

@alejo

I'll read "How we Decide" togather with you one chapter at a time if you would like. We could discuss in the journal thread. I do not want you to plug back in until you are ready...maybe never , if it is hurting you or your family. I've seen guys lose everything, the least of which was money...sailing beam reach way past zero happens all the time.

Dan

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  #190 (permalink)
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wldman View Post
@alejo

I believe that you are taking a correct step here. Do not be discouraged alejo, rather take some time to think things out and learn your specific approach. It is flattering that you want to read my posts as part of this process. It is important to note that even though I had an extensive screen and floor background prior to becoming a sole prop electronic trader I never had an easy time of it. The transition was and still is difficult at times. Where I am at as a trader is the result of over twenty years of hard work and a great deal of trial and error...focus on the error!

I have been lucky to have great mentors and to have been in the right place at the right time many times. This is hard work and I am certian that will never change. In my opinion consistent productive trading is as much due to preperation as it is to application. The psychological side in my opinion is prerequisite and many people never even think about that aspect.

I did not want to be live skype with you because I can't look after you with due care in the battle. If you are not trading, putting money at risk, I'd have a different opinion because then following me can't hurt you. I am not looking for devotees or following. I post mostly for my own benefit...so I can collect and filter information. Credible guys will also say that "helping" others helps them to stay on course...that is true for me as well.

I have a book to send you called, "How we Decide". The book is "popular nueroscience", has nothing directly related to trading, but relates directly in everyway. Check your inbox.

If anyone else wants to read that, let me know.

Be well alejo.

Dan

thank your help and support!

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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