self coach trading

January 21st, 2015, 11:05 AM

i was working all morning then i just journaling and complete the correlation
i am not trading today, and i think maybe tomorrow will be the great day with mario
but i see in the open the big buy up+20 in 10min!
the pivot so narrow and th eopen vol so high, that maybe can run to 2060!

correlations

combine, i have overtrade
also i could not stop when i reach -14p for the day
i build too quick to 3 lot and get chopped all the time
exiting
flipping

i only catch 1 good trade to add and press,

but is not enough to overcome the most losers

i was recordme from yerterday and talk louder to try to see me from outside,
(now i need to check this...)

the first try was not work

because i could not stop when reach the limit

finally i finish a little better, but the problem is this is the way to reach the full limit as i happen before

combine

i need to keep the focus and concentrattion also it is failed

January 24th, 2015, 10:13 AM

i am journaling at this moment and i have write down something that @tigetrader post about the stop he uses
1.5 atr 15min minimum

for example here fluctuate between 2.5 to 4.5

the stop could be between 3.75 to 6.75
i use 14 to 7 at start the trade, the problem is when i increase size, the risk increase if i not wait enough space before add to the position
a lot of times, i test with 1, build with 2 more to 3, then the risk jump from 700 to 2100 or 350 to 1050 if i use 7point stop
then move agaisnt me and become a loser
the same when add 1 2lot more in 5 points further after the pullback

January 25th, 2015, 08:19 AM

after crashing again
how i can hold 4500max dd and reach 9000 target?without doing things outside risk?

i was studying some things to try to limit very carefully the position sizing
and see if i can handle to follow these rules, that is the main problem, when i get emotionally involved, and try to recoup, jump, limits, add more size
and always give back all the profit, and go to ruin
with the excell of risk of ruin i can check that when i go with size, the risk of ruin reach upto 60% or more
how i can control this?
with a strategy for example with 5p target and 2 p stop with 3 lot i can risk 300 p trade and reach to the goal with a low risk of ruin
initially

it looks a lot of trades but if i can reach at 151500 the new situation

and when i reach 153000 the amount of trades reduce drastically

now the question is how can i risk 300 and use a wider stop, because with 2 p stop is not possible trade outside noise
the idea is 15min atr x1.5
supposed i can start with 6p
with 1 lot for test i have 300
when increase profit if it goes to my favor
i test add the 2 lot at 2p and 3p
the 2p strategy (A)increase risk to 500, then i can use 3p to add1(B strategy)

and i can get the equivalent of 2pstop and 5target with 3 lot
that is the max for ruin risk

then , what happen if i continue adding?
if i add 2 more after reach at 6p
i can continue risking 300 and if it continue going well i can get more profit improving the figures
(this is C strategy)
the problem here is i can left on the table 50% or more, but i risk only 300 initially
and in both cases i can give the stop 6p room
i need to check the winning %, i estimate 40% on the excell

to start trailing, and get a minimal result of strategy B it need to run minimum 10p

and the other questions, is how to add?, because if i want to add in a pullback, i can lose the chance if run fast
but if i add soon, i can support more losers when it does pullbacks, another decision, based on price action

i need to focus on this money management ,and avoid my tendency to no test, add size, risk more
jump limits

here i can fail 2 trades per day 7 days in a row 300*2*7 -4200 and not reach drawn down
14 losers in a row

now the other focus, is observe objectively context and pa and wait ,wait, and wait high probability places, times, price action, to enter to test, and then proceed with MM plan

the chop fest it will kill me , i need to learn to identify possibles run more than 10p

January 25th, 2015, 08:46 AM

i add the mm rules and fix new limits

i fail to re read, prepare, the previous one
i need to focus on that first
and see how can i manage the busy week i have with trading
maybe if i reach in ahurry , i do not trade
if i can do preparation trade but only from 830ct to 1130 and go to spend time with my family to avoid crack my self
as the other day when i was stearing at live test, and i miss a meeting because that.
ver worried about that

January 27th, 2015, 02:25 AM

i was working all day and when i arrived i did not went to the trading room, spend time with the family, new plan
i was suffer avoiding
i have to read things, wathc record, see market
study
but i need to balance, work, trade, social
today the plan is to watch since 700 to 1130
work in the morning

February 9th, 2015, 02:01 PM

i could not done a lot of things i have planned
the 5 lot is too much for the swing
then the piramid +3+2+1 i can not do it
i am trying +2+1 what happens, and let the other 2 in case of high prob situations
now it hink is how to reach +9k with 2 /3 lots, but unless i need tolimit the max dll and the maxdd

once the combine reach maxdll, i was out, it is dificult keep the same focus

February 15th, 2015, 01:11 PM

the performance since 28 jan

trades

i was trying to use 3 lot, starting with 2 ,wit 1 test, and pyramid with 1 more

and for the unusual high prob moves, add the 2 , to max size 5

it look that with this size i can stay inside parameters, max dd 4k5, and max dll 3k
but , quicky i can add -12, -12 then down 1k

i am well below the max size 15, insane fot this parameters

the problem is , i can use 5 , in the revenge mode, or deseperately mode

i neeed to avoid that states at all costs

if i take out the 2 last days the performance improve, but i can see that 1 day with a nice 1 trade, could be equivalent to 10 averages days

at first sight looks that i am avoiding big losses, one of my main problems

but , my W% is horrible, is like most all trades are wrong

other thing is to addup in arange situation, and became win in losers

from a more away distance, and less �nvolved in hours, because i am dedicating more to my job , i can avoid, emotionally reactions, and be more objective

i follow daily the market, and the correlations i fill in aweekly basis

next week i start a combi to try to see if i can be able to stay within the limits, and go for the 4 combine, not to try to reach to 9k, to try to follow the rules

the other thing is the importance to wait what day trades, and in the days, wait to good locations.

February 23rd, 2015, 04:26 PM

i could trade some days,
i feel a little away from the market with this slow down situation

i could trade some hours some days.
today i trade but was a tight day, i think is not good for my way to add

i change 2500v to 10kvol

i was writing today the correlations and i see the risk is going down, but some indis are reaching to extrems

i do not understand this new neg rates environment, then go more to charts

today at first i think to go long waiting a pullback, but, i change and went short...
later revert and go long

choppy day

i add a little more when i was more confident after the nice rejection of orl with the 30min bar

March 7th, 2015, 12:14 PM

well, i did not reach the target, also the result was awfull but unless finish inside the parameters, that is nice step avoiding wild swings
pyramiding, test 1 , buil 2 ,add 1 more
and in some cases, go to 5

i use max 5 lot
av win 3.6 and av lo 2.25
here is the key to press the winner
when the prob is high

i am trading much less, but more calm
i am more patient, and waiting
stop 6 or>1,5ATR (15min)

March 7th, 2015, 12:27 PM

in this i can add more, test 1 or 2, build with 3, pyramid with 2 more,
and i can use also 2+2+2
and max 10, according the situation

i start very good, but yesterday, i trade counte trend with 10, let it open and go out, and i conver+45 in -45
here comes again the overconfidence(bec the first 2 days) in i just got it the target and i made several mistakes

overtrade

i want to exit at 85
but in 80 rotate down, and keep it

also the counter trend in that day was not optimum
and the counter trend with high size neither was good

thinking i was short from 92, ....i could, but i rotate my day

anyway i am inside the parameters , and that is the first goal
the secong to reach target
now the max dd permited is 2k6, warning , i need to reduce size next day

good things

watching more objective
taking decisions thinking

also i thought, ok, i can do it in sim, and the real problem can with live, that could be good, because i did not do it neither in sim

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