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self coach trading
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self coach trading

  #281 (permalink)
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Itchymoku View Post
Maybe a hard disaster stop would work in that situation that a trade would go against you 23k, but it looks like you're able to find some consistency with finding winning trades and cutting most of your losing trades smaller. Your disaster stop could work with even a fraction of 23k. It's good to see a profit in the end after 23 trades so that's progress.

i use 40point stop, but in that case, was an open trade with no stops

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #282 (permalink)
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now i am upgrade myself to intermediate experience

i am not be anymore beginner.
now i have intermediate level of experience, why not?
i was waiting to go live and do the same i am doing on sim with my new skills to do that
but my self confidence /experiences/results/changes/discoveries/ says
today is the graduation day

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #283 (permalink)
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self coaching...


Self coaching can be expensive. Learning the hard way and trying different styles is costly.
Stick to a simple disciplined approach otherwise, imo, all roads lead to the graveyard.

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  #284 (permalink)
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SurfnTurf View Post
Self coaching can be expensive. Learning the hard way and trying different styles is costly.
Stick to a simple disciplined approach otherwise, imo, all roads lead to the graveyard.

you right, thanks for your comments

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #285 (permalink)
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i have reach to my 2014 goals

i write this for my goals
https://futures.io/psychology-money-management/29066-self-coach-trading-11.html#post380513

now i have my private trading office
the expectancy is higher
i pass my combi test and i am growing to next combi goals quickly
learn market profile/vol profile
reduce a lot of mistakes
i have an edge now
the trading plan is cooking
and more important i grow up my confidence

well done

new goals?maybe for 2015...

pass the 450k (almost done)
learn to ride the wave managing the positions with 15 lots
pass the daily current range eth on the daily basis or weekly maybe
try to get for topsteptrader a combi 450k/20k/10k equity/dd/dll and passit
test live a similar combi situation
move to faster markets from nq, for example, tf, cl, gc, ....dax
(dreaming trade the dax from 8 to 11 and done)

step to step

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #286 (permalink)
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where i am in the career

ACCORDING the 38 steps to become a trader, i markup the step where i think i am:

1. We accumulate information--buying books, going to seminars and researching.
2. We begin to trade with our 'new' knowledge.
3. We consistently 'donate' and then realize we may need more knowledge or information.
4. We accumulate more information.
5. We switch the commodities we are currently following.
6. We go back into the market and trade with our 'updated' knowledge.
7. We get 'beat up' again and begin to lose some of our confidence. Fear starts setting in.
8. We start to listen to 'outside news' & other traders.
9. We go back into the market and continue to donate.
10. We switch commodities again.
11. We search for more information.
12. We go back into the market and continue to donate.
13. We get 'overconfident' & market humbles us.
14. We start to understand that trading success fully is going to take more time and more knowledge then we anticipated.
15. We get serious and start concentrating on learning a 'real' methodology.
16. We trade our methodology with some success, but realize that something is missing.
17. We begin to understand the need for having rules to apply our methodology.
18. We take a sabbatical from trading to develop and research our trading rules.
19. We start trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute. We start trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute.
20. We add, subtract and modify rules as we see a need to be more proficient with our rules.
21. We go back into the market and continue to donate.We go back into the market and continue to donate.

22. We start to take responsibility for our trading results as we understand that our success is in us, not the methodology.

23. We continue to trade and become more proficient with our methodology and our rules.
24. As we trade we still have a tendency to violate our rips and our results are still erratic.
25. We know we are close.
26. We go back and research our rules.
27. We build the confidence in our rules and go back into the market and trade.
28. Our trading results are getting better, but we are still hesitating in executing our rules.
29. We now see the importance of following our rules as we see the results of our trades when we don't follow them.
30. We begin to see that our lack of success is within us (a lack of discipline in following the rules because of some kind of fear) and we begin to work on knowing ourselves better.
31. We continue to trade and the market teaches us more and more about ourselves.
32. We master our methodology and trading rules.
33. We begin to consistently make money. We begin to consistently make money.
34. We get a little overconfident and the market humbles us.
35. We continue to learn our lessons.
36. We stop thinking and allow our rules to trade for us (trading becomes boring, but successful) and our trading account continues to grow as we increase our contract size.
37. We are making more money then we ever dreamed to be possible.
38. We go on with our lives and accomplish many of the goals we had always dreamed of

i ma ready to get overconfident and the market humble me, then i need to walk carefully

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #287 (permalink)
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target goals, 3 coins or all you can get?

i was checking my absurd target goal of $5 expectancy/per trade i was seted! (because i used to stay underwater, every thing above zero loom great) and now i am watching the combi 450k results, i have $75 per lot, and i remember when i read market wizard , when in an interview to a trader (i do not remember the name, but it was curios that in his office there s no screens) he says "that each trader get from the markets what he wants"
if it is raining gold coins , what do you do? take 3 coins and go home, saying done? or full a big container, go home and come back with another container to load again?
thanks @mfbreakout

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #288 (permalink)
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nice advice

why i start to change?
i do not if there s one thing , but this is one of them
"it takes a very disciplined, and perhaps unrealistic person to only make trades where the odds are in his favor - don't make trades because you feel the need to trade - make trades because an opportunity to make money has presented itself. focus less on your reliance of tools and focus on the context of the market and what is driving price- one should not make one's analysis more precise than one's actual trading could ever possibly be. trade the market, not some arbitrary line(s) you've drawn. once you're in the trade, work on ignoring your entry point, paper profits/ losses, past booked gains / losses/ experiences, and focus entirely on the evidence and conviction you have at that moment in regard to the future expectation of the trade"
thanks @tigertrader

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #289 (permalink)
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combi day8

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the overconfidence work today
i get stubborn shorting the upmarket
the scratch i made was very risky
it is very close -300points from scracth and from +300points
also i did not see what the market was doing all day

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #290 (permalink)
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alejo View Post
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the overconfidence work today
i get stubborn shorting the upmarket
the scratch i made was very risky
it is very close -300points from scracth and from +300points
also i did not see what the market was doing all day

Hi Aljeo,

Where does it show short except for scalps? Market internals were +ve right out of the gate and remained +ve all day. The attached chart reflects end of the day picture.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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