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self coach trading
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self coach trading

  #421 (permalink)
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good goals and ambition

Great goals and ambition @alejo, you are for sure a fighter.

First steps I would suggest are to really control the size you use and limit the number of trades you take/charts you post - make each one 'special', win or lose doesn't matter. I think this may be a way forward in helping to avoid/reduce your 'hot' emotion days.

Good trading!

p.s. I am currently fighting hesitancy and undertrading. This is a new experience for me..

Travel Well
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  #422 (permalink)
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rules since july6 2015 for reload1

i revised, and of course i know i realized i did not follow, then next week goal is to follow them , specially the stop when emotion

i have add the scaling plan for tst, goals according the scale step, and the no trade in news (with this is more difficult to hold the trade open)

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La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #423 (permalink)
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cc reload1 july6 last nothing


i fire it in 2 days
i was +10(after down a lot and went to -60)
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what happen?
the problem is :
when i start entering in the emotional state is the start of the end
i got bored while i am watching without trading
i got bored while i am waiting to a nice location
recoup losses

go ahead
i continue with the believes of scalp not , and 1 trade good
i need to focus on watch to not go counter trend
wait to a nice trade
add to the winner
hold the winner
but all that is on my plan

i am suffering day after day how i become dr jekil/mr hide, when enter in the emotional state
i have some rules about that
but i need to stay objectively and not enter in the red zone

then my focus for the reload2 will be
trade objectively no emotional: goal acomplished: 10
signs of entering
flip flop,reverse
overtrade
revenge
increase size
brake plan
and i set 3 trades max to goal 10

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #424 (permalink)
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cc reload 2 9july

day 1 goal 10

day 2 mmhh maybe 5

i need to focus hard on my plan
theres a lot of temptemption to act

remeber to wait, to exit, hold
main focus is how I am?

3 trades for monday

then wait for the good one

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the goal is no more 9k
that will be the consequences of the first goal for now:
only stay trading if i am on the green zone
10 goal
5 mmmhh
0 no
-5 no no
-10 no no no

up today+10+5=15
7.5 per day

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #425 (permalink)
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ratfink View Post
Great goals and ambition @alejo, you are for sure a fighter.

First steps I would suggest are to really control the size you use and limit the number of trades you take/charts you post - make each one 'special', win or lose doesn't matter. I think this may be a way forward in helping to avoid/reduce your 'hot' emotion days.

Good trading!

p.s. I am currently fighting hesitancy and undertrading. This is a new experience for me..

you right
i am in this way now
thanks for you advice

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #426 (permalink)
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r2 day 6 situation

goal is going good
-10/+10
1 +5
2 +5
3 +2
4 +8
5 +5
6 +5

well size control, risk, emotion, fliping floping, lost control ok

but outcome bad
-1751
max dd remain aprox2k

reading bad

plan adjust
keep calm goal continue main goal because without that the rest is eliminated
to improving trading
risk control
reduce size +1
up to recoup +3k max dd
control trades max 3, focus on select better, wait to happen samething

i was seeing that i have a bad tendency to trade counter trend, fighting and looking top bottom, severals times
focus on go with instead of fade+fight

tomorrrow 7 days up in a row?

i remember yesterday how the down tend develop and there was time to go with it (i was in the wrong side ,and not flip)

and the reverse the same

i think is better to wait something like that, and try to go with it

this tiny range grinding up, is dificult for me to realize whats going on, and generally went wrong, most small loses, but 1000 cutting dead

well done the goal
improve from here

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #427 (permalink)
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plan for next week 20jul

i have 2k for a max dd
i need to choose very good the trades
i will continue with the reduce risk strategy to
1 lot
max 3 trades
but i see the market strange
i think i can see only and wait to do
today i stay between long for the sky ,short because is too high, and wait to pb
maybe, wait to b/o ,if occurs, wait a pb

or plain watch

because i can not trade well with the tiny cdr

play the b/o, maybe for 100p if money come in

the good thing, very good thing, was the control works, trade calm, no overtrade
also i am on day7 near my 10 ath
but now i need to use that state to trade well, meaning ,i need some nice winning trades

the frame of 7 hs , without news is a very short time to trade big winers
the posibility to close and reopen and cont for several days, maybe can work, but the new rules is a little tricky

i remember my sim trade from 2038...i have just reach my goal with 1 trade 2 lot

and i made worse trading several times

then wait for the trade will be the key

or taking some intradays movements?
no i do not believe this

i like to enter well and stay on the right side a long time

but the whipsaw take out all if yo stay

but rememeber the sim trade 2038-2126 without stops

maybe it is extraordinary 7 wining days in a row

goal for next week
continue with calm control goal and stay above +5 in teh rank
risk 1 lot up to back 0 (can we recover from this hole?)i think so but i doubt it with a losing strike like i have
max 3 trades
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La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #428 (permalink)
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i have the state but i need to wait

the goals is going good, but the combine are going south.
in this state i can see , analise and see new things.
the most important is i realize i do not know what i am doing
the key1, i need to wait a opportunity before to trade
the key 2, i discover today , i realize i find a trigger, and i can use it for trade

with both things, i need to wait much more, and pass the feeling of lost the chance

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #429 (permalink)
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measuring myself

the goal is ok but is a little generic
i am doing well with calm ,size & trades
i want to track several conditions that affect what i am doing


1-Patience
2-discipline
3-adapting skill
4-stop management
5-physical condition
6-focus attitude
7-believes confidence
8-emotional trading
9-inner peace
10-premarket vision awareness
11-fear anxiety
12-entry execution
13-trade management
14-risk managemet
15 profit maximization
16 self awareness
17 flip flop

i will prepare an excell to do a checklist
rank from 0 to 100
and see how it is related to tradng results

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #430 (permalink)
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how i think


in the morning, when i saw a pb and it have dificult to pass the lvn 2104, and the pa getting red, i think can be nice to short here
no better no take the trades now, wait to open
later when i see the momentum to the downside, i start to remember all the things the short people said yesterday
when i hear ft71 the maybe bounce and it comes back from 91 to 104, i have some idea that at open can bounce
open down od
oh oh
impulsive move down,
short mid
ohoh go a little higher, maybe cont up?
down
ahh, well
ah stop 1 tick fail
the bull theory again
when i saw the hl, lh, well now?
my short theory from the morning where is it?
break lower 1
i took my tiny tades
think can bounce
took the ct (lucky)
here i was short for a break out that will occur, but i was scared with a bounce that i tend to think, oh no this a bottom, and how i change today the target ,shorten, if alet go against too much, could be a disaster, but all the things are changing the trade i took, in this case a close and reverted by mistake, and was a winner, but the constant dialogue , contradiction, etc is a mess in my head)

,break lowr 2
next support?83/80?
i could buy any minor pb at 86/84/81/80 and get trapped in all
at 86 abounce 3,5, then i think ok, the second entry, it look good, but
in a instant b down again
i can not trust in what i am seeing?
cont down
why i am not able to short this little spike? and go with the trend?
80 have to hold
no
it is extended, it is not good for short now, it can stop in any moment
yes 80 nice place to go long maybe
but why wait t
and i think when can stop, and come back
84, yes here, nooo
80 here
little bounce 81
82
no smack down
cont down
capitulation speed
go 73
now cames the rejection
comes but go up again
yes reach 78,
again down 7p
pb and down
and now yes
the low 69.75
exhausted for my countertrend thinking
if i would not be stoped eith my 4 trades, maybe i ahve doen a disaster

the only good thing, could be
hold the morning trade
but that is a university degree in trading
i am in preschool

some conclusions:

pre anallisis of mkt, think in the levels, wait for them, watch pa for confirmation, execute them
maybe i can discard trends days and go for back to mean days, going with the little trends intraday to give more alignment with the counter trend because i will fade it, but in some extreme ranges, not fade a trend day
if the trade goes wrong, it is in a extreme, limited loss to know when is an error
if go to inside, ok, and more than 80% time will be this state
if target are shorter, the trend is not usefull like yesterday

are this rationalizations of a changed plan?
or are the basement for the change of plan?

and i need to test the trigger nvol

and complete the excell with my state and execution

and do the premarket
and do the meditation

i can not work with all this stuff!
i work part time now

remember:
i have to put a trade on only "when i see favorable odds, based on prior behaviors and patterns"

and not "when i believe the trade will be a winner"

and last remember:
what is the prob of that trade?
the same that a flip coin or the same than a gamble win loss=50%, then take care of the risk because this can be a loser

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

Last edited by alejo; July 25th, 2015 at 10:50 AM.
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