self coach trading - futures io
futures io



self coach trading


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one alejo with 332 posts (228 thanks)
    2. looks_two xelaar with 17 posts (22 thanks)
    3. looks_3 ratfink with 10 posts (20 thanks)
    4. looks_4 Itchymoku with 8 posts (12 thanks)
      Best Posters
    1. looks_one tigertrader with 5.2 thanks per post
    2. looks_two ratfink with 2 thanks per post
    3. looks_3 xelaar with 1.3 thanks per post
    4. looks_4 alejo with 0.7 thanks per post
    1. trending_up 60,370 views
    2. thumb_up 449 thanks given
    3. group 41 followers
    1. forum 450 posts
    2. attach_file 328 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

self coach trading

(login for full post details)
  #401 (permalink)
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received

congrats!

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to xelaar for this post:
 
(login for full post details)
  #402 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

all week only watching, i will start on monday the combine5
again, the goal1 is to follow the rules and keep risk under control, goal2 is reach to 9k
i try to watch the mkt as most obecjtive i can, be patiente, wait and trade, exit or add, and hold
tomorrow i start a 4 days (on mondays)weeks mind training, realxation, visualization, i try to use it to focus in my goals of this test.
i am going to surf, and i know i will lost a lot of waves, i am learning to do it, keep it alive, surf some of them, and try to surf a nice wave

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 3 users say Thank You to alejo for this post:
 
(login for full post details)
  #403 (permalink)
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received


alejo View Post
all week only watching, i will start on monday the combine5
again, the goal1 is to follow the rules and keep risk under control, goal2 is reach to 9k
i try to watch the mkt as most obecjtive i can, be patiente, wait and trade, exit or add, and hold
tomorrow i start a 4 days (on mondays)weeks mind training, realxation, visualization, i try to use it to focus in my goals of this test.
i am going to surf, and i know i will lost a lot of waves, i am learning to do it, keep it alive, surf some of them, and try to surf a nice wave

buena suerte!

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to xelaar for this post:
 
(login for full post details)
  #404 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received


day1
nice first trade
on second i was mfe +27, but i let it back all and finish losing day
down70, is ridicoluos how i lost one chance to get 1 of the 5 winning days i need

day2
wrong idea
losing day

now i am worried again, 2d 2 losers, down 1300
the maxdd reduced to 3200
i can not risk in the same way
struggling at first is not the best way to reach the goal with this maxdd

day3
with fear, low risk, it is not my way to trade, but i need to recovery some, i need a wining day to release some pressure.

the use of SC expires
i see a nice long entry
when i go pay they do not have the discount enable.
iask for it
in the emanwhile i decide to enter directly form the paltform from tst
i try to enter 3 in the dom
i realize i need the stops
when i try to set the stops manually, i close them at market
i do niot manage this platform (because now they change form rithmic to cts4, and i do not have any idea)
what happen
i missuse another trading day, down 37
,i wait to connect the sc, and start to recovery
more scalping
fear based
and pand l base
very bad ideas
over trades, and finally ended +300$
bad but always could be worst

day4
friday
i think is better to wait to esther to move
but not
i do not want to lose the chance to break out to infinitum
i decide to enter and i ended eat a 10p range
on the first trade, waiting the break out i was +36p, but i let it down more than 20p
finally flip and i caught the slipe down
exit soon as always
i read well and finish +20

now i am 2w 2l -1$
start again a combine with 6 days
is possible to reach 9k, yes
i need 3 w days
i can lose 3 days then i can risk 1200 per day

i am trying to hold the winners, to let space to move
but i am wrong with the environment, and give back a lot
i am thinking ion ft71 when he says, SO,
but i do not want to risk a little
i need to wait the right wave to ride

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to alejo for this post:
 
(login for full post details)
  #405 (permalink)
DrewDown
Kansas City, MO U.S.
 
 
Posts: 211 since Mar 2015
Thanks: 301 given, 122 received

Come back from this three day weekend, and kill it. You have a month to do this. Put in orders for setups that you want. If you don't get filled, don't just look for a trade. So far, yours is looking a bit like the last one I failed, now that's not a bad thing, because you're doing things right, and that last day was really, really good. Take some of the pressure off, though. You have time. You do not need to trade, some days in the market are just kind of worthless, and you can use those to take some time off and study and refocus. Have a good week!

Reply With Quote
The following 2 users say Thank You to DrewDown for this post:
 
(login for full post details)
  #406 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

normally i will journal this week on saturday but the emotionally charged situation coming from my behavior of the last 2 days, can be lost if i wait more.
i have just journaled my last 2 days, and it was dificult, first because was the day i failed, but most important was i do not have the screens shots as usual, because on the battle, high speed, emotionally i coauld not do it, only press reverse as a crazy, fliping and floping, when i stop at -2700, was late, because i forgot the tons of cars i overtrades and i hit -3020
what happened?
how can i avoid to repeat this?
what have i learned?
the main point is :
it is not possible to trade under that mind state
how i have reach to that state?
i use to trade tiem ago in this state, to avoid it
i have written in my trading plan, after a loss, wait 15 min
if i feel in a emotional state, stop inmediatly
but i could not do it
then that is the first key
because with that situation, all the rest is a big non sense
on previous years i was daily in this situation
i have improved, and i can watch the market thinking
be objective, another sentences in my trading plan
but not yet on my mind
the day started good
i was long +5 @16
i failed to lock some profit (50% according my tradiong plan)
and i let it become in aloser
the first knock was from +30p to -12p
ok
i exit
went short, because i saw that
but over size
and here the other mistake
i must start testing with 1/2/3lot
and adding
and i think with >5 with the tight condition of combine rules start to blocking my mind
then bad decision
and quicly the things can be become so bad
instead of stop
try to recover
fliping
but without conviction to hold trought the PB
and i lost the trend day
horrible show
combine reflexion
i was thinking how can i get the goal with my trading style?
the only way is to win the fiorst day or 1, to go away the maxdd, and use maximizing the maxddl
but if any happen, it is dificult
i hear that tst push to scalp
i try not to do it
and holding for hours
on top of that the size issue
i was reading the bigmike thread and how size affect, and i am not be the exception
i want to swing 45lot, and tst let it 15 but not with 4k5maxdd, with my mistakes


then yesterday i wanted to apply combine 30k rules, max 3lot, maxdll500, max dd 1500, target 1500
only 10p of maxdll
it is compulsory to use 1 lot
first i think
2+1 pyramidin

but only if i am well in the money

also with 1 lot , one need to execute the mickeymouse entry

but the good thing is the dont care size 1,2,3 to think objectvely

but what happened?
when i see i was wrong with my short bias, and i lost also the up move
i realize i did not trade well
i was scalping watching the P&L reaching the -10p

and i need to stop, i refused to that and
as combine was failed
no control
no possibilty
no pressure
increase size, play the sim game
no learning value

today i will try again, 4 days more to finish the 10 days, and i see i can follow the combine30k rules

if not i have 2 possibilites:
pay for a combine 30k,
or use live account

combine day5

combine day6


all trades


performance


La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #407 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

well, i was re writing the plan to fit with this mini tiny (tst rules)

when i was reading, i realize, that i di not re read the plan everyday, i did not do all i write, i did not book some profit as i stated on the plan, i relax from that, and what happened? this

plan





i am going to re read again before to trade

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #408 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

only decrease size
but works
well away form the risk to touch limits
it was very relaxing, i could thing better, read, be objective, hold
i need to check more days of course
what will happen when start losing
but the don t care size maybe is the key to practice and learn as bigmike said
2 days more, and then ....tst or live?

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #409 (permalink)
DrewDown
Kansas City, MO U.S.
 
 
Posts: 211 since Mar 2015
Thanks: 301 given, 122 received

Stay with TST. Live will be even more pressure.

I have a hard time keeping to 15 minutes and cool because then I end up with the fear of missing out, but it is a very good rule, and can keep one from over trading. I suggest, when you are ready to start a new combine, keeping yourself to a loss limit half that of your combine. For instance, I am in a 30k combine, and I will not let myself lose more than 250 in a day. So that I do not come close to the $500 I can lose. That $500 loss will be a kick in the balls. I do not recall who it is that says "trade for tomorrow" so that you can always come back and try again, but I think it is Michael Patak, himself. Going back to the half the loss limit thing, if you lose $250 when that number is 1/4th of your max drawdown, you can have 3 more bad days, whereas, if you flirt with the daily loss limit, you only get one more day to perform that poorly. Obviously, different numbers for the 150k combine, but the proportions are similar. I also trade small size. In fact, on this combine, I haven't sized up. Haven't had a crazy good day, but it's all about working with conditions, and basing your expectancy on that, and being cool the whole time. The more you work at that, the easier it becomes, I am not there yet, but I am doing better than I was. Talking to the team and other traders in the squawk radio room as well as listening to their webinars has helped a lot as well.

Reply With Quote
The following user says Thank You to DrewDown for this post:
 
(login for full post details)
  #410 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

continue with 30k rules, except the last i increase size,
i was starting live with 30k rules
at the same time
a kind of mess
i feel well with live, more relax than tst
but i can not follow the rules to hold winners, and once i miss a could be good, i can entry in flip flop over trade
tstcombine5

performance of test 30k is not totally valid because the last day increase size, but in 3 days was good



La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #411 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

as i started mixing with live, is like trading 2 differents accounts and get distracted and less focus
day 1 almost hit daily limit and day 2 try to recover something
it is strange, but i fell more pressure on tst, thinking in P&L, and stricts rules
i want to compare both, but it is diffcult at the same time

tst -250 day2
live +600 day4

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #412 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

as was happened to me the last years, whenn i was not able to close a loser position, i need to hold the winner position, one thing is good, that it seems go ahead, but i need to pass this stage, i know it works, i have the plan, but i need to execute to pass to the next stage
maybe is not one step straight forward.
maybe can be several steps
i am calm now
i know it works
i know how my instinct mind try to do the opposite
the battlle is between can i do this? or this is where i have reach?
why i can think i can do it?if most do not

I have read today this about the fear, and i can apply to fear to losing the open earnings
what's the solution? I have to get closer to my fears.
Be Very Afraid. (And I'll Stop Being Afraid.)
Face my fears. It's a cliche.
I need to spend time with my fears. Get closer to them. Intensify them.
Only then I will you stop being afraid.
why not try ?i will do

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #413 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

this week was full of failures
in all cases i can not follow my plan
in the live test, after overtraded and enter in scalping mode, i ended touching the max dd limit, but overpass the max dll for 3x
what does it mean
1- the tst rule that blocked me on max dll could save me , but in my account, i go deep and exceed the limit
2-my limit is the broker margin limit, then what hapened if i fund with 30k instead of 2k, maybe more deep down, trying to recovering
3-i have the tendency to go to scalp mode when the day start bad, then the limit go down, for example, i start with 500 limit, i lost 200, now my limit is 300, then i have 1 lot, what i will do? scalp, then this circle go, thinking more in the risk, little risk, little win, overtrade, big comision, i know it is bad, but i continue, thinking i can recover little by little with this method, and ended with 20 trades, with no result, no big loss, (except when increase size, desesperately trying to recovery , knowing, i am risking too much for the tiny margin
4 what about the plan, when i read well mkt, i execute well, and the trade go well, what happens?: i exit soon, then i restart the process, but instead of stop i re enter, and then the circle, go to scalping mode starts again
several days i am up 4/5 points(somedays, 10 or more), and , i continue, for more, but, i ended negative(reduce goal?)
5 the reduction of size is not working because the presure with 1 or 2 is the same than 5 or 10, why, not for the money but for the limits, if i have 500 limit or 200 limit, what can i do?, not much, then go to scalping mode, and ...bad
6 after a live failure, i focus on tst, but the last 2 days i start up and ended down, i am thinking when up 300 stop, or go for tiny goals to avoid the downside (i know it is opposite of my plan, is like changing things), why? i think i can not do it with this limits.When i am cold, i think, ok 1 good trade and ok, like yesterday, short 97/target77, good, but i was not able to close at 84 or 8ish, instead of profit 14p or 10p, overtraded 20 trades with a lot of comisions.
trading the noise, all i am doing, all the opposite of my plan, thinking i need to risk less (i hear in my head tigertrader lessons, my plan, my examples)
7 i was thinking to try to save this combine, how?scalping?, against my plan, if i scalp with 2/3 lot with 1p and 2 p target, and runner?, all trades have mfe , maybe i can reduce risk so, grab some tiny$ hear and there, and i will not win big, but maybe it is better than this random flip and flop for nothing, why i would do this?is not better to try to follow my plan, 6p /8p stop loss and learn to hold the winner?and i can reach the goal ?
, well now i down 470 (3l 2w days)then i have 848 max dd for 2 max losing days, it means 240 max dll l per day, 4pmax, almost nothing, then i can made 3 trades max risking 4 p and i need 1 good winner, the other possibility is trying in scalping mode and win 500av in 5 days to rollover and next trying again , 200 p day?in fear to lose mode
8 are tst rules pushing me to trade with fear to lose?are tst rules pushing me to scalping mode? is posible to pass with my plan?
9 can i apply my plan to my live account, with wider limits?
10 how can i learn to hold the winners? holding? seeing $ on the table?
11 tst is cheaper than live, live is the way to learn, $ is limited to learn, pass tst was my goal fopr 2015, as a good step, apply my plan to tst?, apply my plan to live?

these seems severals back steps
but can i think the way is straight forward?

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #414 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i can see in several days, that my first cold analysis was good, but i did not realized on real time of that, and i exit or reverse, and i am fighting overtrading as a crazy
i am debating what to do, if continue with these plan trying to do that and hold
or as i fall quickly in hft micro scalp tasmanian demon mode, try to scalp with so
but this alternative is an old practice , that i have discard it
why appears now again?
because i am seeing i am flip floping, microscalping with random results, no sense of macro situation, and i think , that wait , enter and go for 1 or 2 sout, look better and less riskier than follow the plan with big stop loss, lost, and out
also the conditions with the tst rules are very tight to trade with wide stops
i feel like trapped
in my live test i fall with the same tasmanian demon, instead of trade according my plan
i am not trusting in holding the trade with the tiny rules
i have ended twisting things all the way
I can see severals good things, but most are garbages trades
I was tempted to use again the dom, and i stair at 2tr
to try to reduce risk
i am doing the opposite
uuuuufffffffffffff

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #415 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

the difference between the gap of plan and the reality is bigger than i thought
the gap between i thought what s happen and the reality happens is much bigger
i need to incorporate my new confidence in my plan in the daily execution, and i could not do it
the big stone was hold the winner, and how quick can the things turn bad
emotion take over
what have I done?
the journal reviewing was a disaster
i was thinking between go with my plan or start oficially to scalping (as i was doing really out of plan)
evidently making decisions as mkt unfold and under cloud mind is a disaster
long short flip flop, si so add a little dificult
maybe to simplify is to decide a 1 bias, wait and enter ,and hold

how to hold the winner?was my next stage

not exit soon, and start, chasing, flip flop, overtrading, and forget plan?
the main problem i see is going emotionally and lose control, and start doing stupid things forgeting the initial ideas, plan, etc
i repeat old pattern, and i do not how to avoid them
i will try to discover and find a solution
i will do relaxing exercises before to starting, and while i trade i journal my thoughts, my inner battle to discover what happens inside.
main focus on let the trade run as a winner, as my plan said
i will try to keep calm, (breathing exercises frequently to avoid the emotion take over) and if happens ,the goal is to stop as my plan said and not start to overtrading a a crazy
i did not get acomplish both things.hold winner.stop when emotion comes

i understand who shut down the screen and go out, and avoid the risk to twist things, and not a bad idea.

i will apply my plan to combine6/30k day 5 down 450 3L 2 W

and study myself

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to alejo for this post:
 
(login for full post details)
  #416 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i could not execute my plan, i ended scalping, and when i was losing the maxdd power, it was more difficult and worse the execution
i touch maxdd
once i was out, the tst is not useful when i lose the motivation
i touch mad dll
the last day i did it right, went to the plan and i hold it, adding to winners
i was swithing to scalp mode, when io was tempted for the result of some of them, but only i lose focus
i need to copntinue with my plan, and try to execute good trades
without room to work is not possible
i fall easily in emotion state and then i am not able to execute neither thinking objectively
i lose the better chances because i was miopic and did not realize where i was trading
i think i need to continue practice trying to execute the plan
and to avoid the pressure of 10 days and the little maxdd, i will practice on 150k continous combine
using small size and try to hold the nice trades, adding to them,
i see is the only solution, it is possible , i know to get a big winning, and without the pressure of 10 days, it is not an issue when i can trade, every day, and is not a problem the last days when i am arriving to the 9k goal.
the problem is the 4k5 i have to play with them, if it s start to shrink too much, then is not possible to trade well thinking in that .
could be a good idea to start small and slow, and wait for the best chances with high prob to be a nice . i would like to be able to buy the BTFD
my worse enemy is fall in emotion revenge overtrade flip flop state
then could be interesting stay in 1 side, no counter trend, no flip flop
i am doing my realxations exercise daily and visualization in the good things well executed, let see if they can help me in stay calm, also i will use a 5min alarm to check my emotionally state
also i am thinking to turn it off the 2tr, because i want to stay and hold but i am watching a small tf
i continue trying
i need to find and hold the nice trades, they save me and i need to save them


La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #417 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

it was interesting the recovery from the drawdown, and some trades i was given a nice chance to be bigger winners, but i continue got trapped on every trap
the cont comb is working because on day 5 there s no pressure, and i can focus on trading
i fall again in a recovery mode, finishing overtrading and increae the lose, working on that
and the main focus on hold the winner
but i debate myself taking out something from the table, seeing my target at 85 1 point from the low

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #418 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i made a right reading, nice position sizing short 6 at 81, but horrible exit soon and not holding, the prize could be fantastic
240p 12k
that is the key, stay and hold the winners
but how can you know it?
the other day i did not so and let a lot on table
today i so a lot
and lose the big prize
difficult compromize
nice thing: this trend i was not on the wrong side, and that it deserves a party
on the track again

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to alejo for this post:
 
(login for full post details)
  #419 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received


when i was reading my previous post assesing how i am doing, i was thinking in 2 things:first i was approaching to my dead line of 5k, my history showme that i could never pass that pnl, each time i reach it i fall back, then i think could be intetresting to take it seriously, and maybe stop to monday to wait greece, and rest some time. the maxdd is the same, the difference come when i overpass the maxdd of 4k5 and have more room to trade.
2 days without meditating, severals days without thinking in my max dll, some overconfidence is building.
i know my overnigt trade was impulsive with out time, also i thought it was a loser (it did not because instead of stop for 2tick i set a scale in)
but now i see i lost the cold sight, enter in emotion state
the first steop was to trade after sleeping 3 hours
not stop when i see i have had luck with the mistake of SI
not identify the choppfest and get trapped
buy top
add more size than planned
not take care the limit of maxdll
not stop when i realized i am in emotional state (i think this is the most risk of all), or second after the touch limits
what happened if i am not trading with sim with tst? continue losing probably to may max dd

i can hold some nice winners, also more important ,let open some nice interesting opportunities to let become in big w
i realize i cut it soon but i need to be aware to let it run
the time hold them are going high, nice
the cold general trades ideas i think are fine, when i touch hot, worse
how can i recover from -2k5 to +4k was excellent
i jump from , ok i need a little each day to, i want it more
i use more size than planned

on july6th i will start my reaload1 of the continue combine
and i need to continue to focus on hold the winners but adding the control to shut off with a big kick on my a.. when start emotionally, flipping is a sign
and stop for 15 min after a loser can help
if a nor made the relaxation, not start to trade
and use the scaling plan from tst (anyway i will need to do it early or later)
do not forget that now i have time
and if the things go bad, please stop do not touch limits (it cost me 2es point)

good to continue it is clear that is difficult to stop me, the resilience can help me to continue with this hard journal

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #420 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

1-i want to trade to earn more money with less time/effort and live without the obligations of a job, having the freedom to choose places, and when time is off and use the money for the purpose / things i have planned.
2 i am planning to do it passing the 150ktst tests and get funded and increase the account size , funding my self and increase account size and yearly goals.
3 this year get funded, next year funding my self and 2017 start to wire out
4 i want to do it because now with my job i am limited to do all the things a want to do
5 after i get it i will be realized and more happy and relaxed than i am now
6 not only me, my wife, my 4 kids, parents, friends, and others will be benefits also with my sucess as a trader
7 my wife because she love that we can move to our own farm, work less , travel more, more economic relax, and enjoy much more. My family especially my kids because they benefit from the help i will provide them. Also my parents, they will be able to come here, and friends.
8 My wife and my kids are interested in supporting my trading career.And of course me.

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to alejo for this post:
 
(login for full post details)
  #421 (permalink)
 ratfink 
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
ratfink's Avatar
 
Posts: 3,651 since Dec 2012
Thanks: 17,422 given, 8,403 received

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
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to ratfink for this post:
 
(login for full post details)
  #422 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

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)



La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 3 users say Thank You to alejo for this post:
 
(login for full post details)
  #423 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i fire it in 2 days
i was +10(after down a lot and went to -60)


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
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #424 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

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



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
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #425 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received


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
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #426 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

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
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #427 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

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

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #428 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

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
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #429 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

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
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to alejo for this post:
 
(login for full post details)
  #430 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

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
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #431 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

the goal was stay calm with goal >5
and got almost 10!
1 lot
<3 trades
and start bouncing from bottom

well done

i need a prize this night
dinner out w wife

goal for next week

state above 50%
risk rules 100%
trades q <3

and compare the gap between the trade idea i told and thought before and the real thing i done after mkt open


another good thing is i am on day12 my record ontst

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to alejo for this post:
 
(login for full post details)
  #432 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

after i return from holiday, i lost he north, do not prepare well, was in a hurry, not meditation, change things, risk more, and quickly go in the hole again, and this time i lost the motivation, and let it down


it was a hard job to recover from the hole the first time, and once i break rules it is easier continuing breaking them
i am debating between my plan with wide stop and long hold and big targets, and the results i have when i was scale out with small targets. it work best, but i am not believe in it and then hard to follow, main issue is got only a little % of the move with 2 lots 2p 4p
the results with aiao with large targets, show me a lot of on the table and end it down with lowW%

the goals table on the last day show the correlations behavior/result
i will continue tracking them
1-patience 30
2 discipline 10
3 adapting skill 10
4 stop management 10
5 physical condit 50
6 focus attitude 10
7 believe confidence 10
8 emotional trading 80
9 inner peace 50
10 premarket vision awareness 40
11 fear anxiety 70
12 entry execution 20
13 trade management 20
14 risk management 10
15 profit maximization 0
16 self awareness 20
17 flip flop 40

i find a issue with tendency to put on a helplessness situation, then, to lose money help that, risk 4 lots hold a lot a loser help on that
i will go more mechanical with targets to scale out to try to capture some on the way up
i will lose the freedom to add more lots,hold ,etc (against me) but in the other hand it will protect me against me
first stage
start with scaling plan tst 0 1500 2l & no news trade to match the lpt
max 3 trades p day or -12P/day
it is the rescue mode that i was able to recover from the hole on R2
but i will use it to start from 0
build next stage and add other scale out
and so on
focus on the 17 control points on behavior
let see what happens
i receive the key for start today the R3
NFP

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #433 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

today i liquidate the r3
only 3 days
can be quick
mainly oversize issue
and was a negative circle
once i know i have no enough maxdd
it is out

i was not able to test the shorter scale out test, i do not believe in them and i pull the targets when start to move in my favor

also the max 3 trades i was not able to follow that rule
the behavior table, below 50% and almost 10% today

i will reload R4, but i need to change something

from the ft71:
maxdll 1200
max posi size 4
if down-300 max 3
if down -600 max 2
if down -900 max1

initiate with 1 and build it

before all that, prepare, think, watch, and wait

second try to test the shorter scale out that i could not do it in r3 because i do not believe in them
1.5/3/4/6

i hope if this R3 was the exhaustion bar from here i have all he way up!

first step r4

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #434 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

it was not an exhaustion bar
the falling continue
i was trading calm 3 combine ago (the laast 2 only last 3days and 1 day)
step to step recovery from the hole
and the breaking bad comes when i almost have recovery and sudenly i fall again
and start increasing size, big step and down again
failed hard
and the last 2 combine were failed quickly beacause i was in a hurry to recover,
i need to find out a way to overcome the emotional issue with the recover, and follow the rules

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #435 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i was watching a video called trader wisdom done for ft71 and other tackling disciplined issues done for kam d.
i have write down some notes
ft71
discipline is the training of self control
it is important on the first stage to incorporate habits, later will not be necessary because it will be natural behavior
auto-control+ create habits
1- focus: create cycles habits that feeds positives outcomes (not pnl!)

habits require a lot of repetitions to get in

it is important to set prizes for my behaviors
my trading is giving me prizes for my effort?
and my discipline?
if i do not have nothing, then , for what?

"create something the give me the feeling of achieve something"

action:
discipline is like a muscle: more strong with more training

how to avoid the fatigue? warning

1- effort with focus, do not lose time
2- focus on the present goal (be on the moment, now)
3-goal small, incremental......these are key
4-do little changes well planned
5-keep the change only to 1 thing , and repeat it till become habit
6-track progress
7-prizes: what i get for achieve my goals?
the prize must be something outside trading
8-attitude negative? hopeless? time to break, this is a marathon
9-make a commitment with my plan before start trading. do not do nothing if it is necessary
10-what can i wait, once the effort start to show results, the needs of discipline diminish, then i must watch in that direction
i need to be regular with my practices of trading to get enough deep to build the necessary confidence to let me trade what i see.
this take time and a lot of failures and adjustments before the things working for me
practice several weeks each idea to let become a habit
be prepare to fail

kam d
discipline and resilience
in one hand i have :believes and confidence
in the other emotions, fear, doubts, anxiety,
how much of the emotional things take over of my mind?
i can not cancel them, i have emotions
i can shadow them

the pnl does not reflect how i am as a trader

the key is to reinforce the belief and confidence
how?
1 plan & clarity
2 context & understanding
3 performance & experience

discipline start with clarity
-define:
objectives
2 process
3 plan easy to follow and understand
4 understand the why behind each opportunity to trade
5 focus on few opportunities with big potential
6 visualize opportunities and futures scenarios
7 visualize and engage to those visions and nothing else
8 do not change long to short when the trade come to your idea area
believe and engage(commitment )with the trade

discipline in life
i am patience?and disciplined?
where and how can i improve?
i can practice disciplined in others areas
arrive late?
wake-up late?
can i improve this?
ake a model how to build discipline in others tasks
practice discipline in other areas: meditation, yoga, sports

if i can not, why?
i am motivated?

i need a clear purpose and clear goal to become motivated

the process of development of disciplined

purpose
clarity
motivation
commitment
discipline

perception of discipline

patient disciplined person:

nature:
calm, relaxed, humble, passive, placid

physiologically:
breathe is steady, sitting back

perspective:
motivated for the big picture and focus on the process

inpatient undisciplined person:

nature:
anxious, fearful, doubtful, aggressive, frustrated, bored

physiologically:
rapid breathing, leaning forward (Propension para el futuro)

perspective:
motivated for short term outcomes and results,

test for check disciplined

can i commitement to meditate?all mornings and all evening?
can i follow a diet?
and do exercise?
if not, why?

mind status:

mindfulness
a way to paying attention: on purpose, now, without judgementally

midndlessness
automatic pilot, managed for the past, reacting and dominated for the past habits

meditate is key to develop focus
4 key skill to developed with mindfulness

1-placing the mind where you want it to be
2-keeping the mind where you want it to be
3-sensing when the mind is not where you want it to be
4-detaching the mind from where you don t want it to be




one goal for me is not go emotional trying to recoup the profit lose or the loses
accept w and l
be calm
stop before the daily loss
stop if reach to daily goal
i can work on this pattern first

it is interesting to notice that on 5,6,7,8,10,11,12 ago i did not meditate and where the worse days
on 24j,27,28jul, 13ago yes.

i agree and commitment to meditate and training my goal each day
plus the previous goal done daily

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 3 users say Thank You to alejo for this post:
 
(login for full post details)
  #436 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

i was doing some momentum trades on the test of 200 max per day
3 winners day and i feel like, yes , i can do it
of course the next 3 days were 3 x-200
what happens
i was practicing not trying to recoup and get emotionally
one good practice was
1w, next
1l
other and stop
1w ,2w, if 300gola stop

if 200 (locked) compulsory stop

but
when i down some
fr examople -125
or-62
i keft tiny amount to trade

i trying to cut quick if not work fast the trades
but
i lost good chances for winning and also big potential winners
and got trapped in some false break outs

then if i want to continue trading , i have tight stop
then worse trade

and scalp
and micro scalp
and worse
and end -200

the only posibility is 1 or 2 w
or 1 trade with 4 p stop

i will focus on 1 trade with 4p stop
loser stop trading
winner ,other, winner if pass 300 and come back stop

if 1w 1l and below 4p next stop stop trading

i entry back to mean, on turning points, after abc, on support, with momentum before to explode and with 4p room stop well located

then i will wait, patience
not recovery revenge,
and add winners after the pb on bo

sim test
with 1500maxdd and goal
maxdll -200
goal +300
2lot

if it work
i will test live to sav my money in the meanwhile+combine 175$
focus on not emotionally/recovey
and be patiente for the trades

i will miss 1000trades beacause i normally see trades everywhere, and use to chase

good luck
and relaxing+preparation+study markets

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #437 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

what have I done? how have i done?
i think i focus on btfd setup only ,i believe on it, i need to wait, i have more time to watch, be an observer, i am more patient waiting that, increase confidence, and a positive spiral, trading sim and live, i know the gap is big between them, and stop 12p min 1.5 atr15min, try to let it run and add if have momentum
i can see the capitulation and the big boys absorbing, waiting the second entry at key levels
i was doing several combine, test, practice, crafting, doing , and do not change things for several month, keep with es
follow tiger and mike and believe in go for long targets, i experiences all the pains
in the setup i was observing that the turns in swings is the similar ,more light and maybe can be better in trends
i passed the sim test similar to combine 30k, and i almost near the 3k/50k goal, next 6k/100k and 9k/150k my favorite150k
i am tracking my behavior, relaxations, and i am funded myself and i try to copy the sim, maxdll 600, 2lot, max d1500, goal 1500, i am happy, and i think is my 4win in 5 days in 3years since i started , and i realized what easy is to be a consistency loser it s early to say, i know, and other times i though similar but the present point of view , looking behind and forward is very different.
well done!

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #438 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

fantastic transition week, almost at be , found something to focus and be patient, the cobra way, wait wait and attack
for this week, my plan is :
keep the behavior goals above the 70%,
entry in the bottom /top, and add 1 lot on the first PB, and the 3lot in the second pb(well, better this 3 add for the next stage), practice the 1st pyramid in.
keep the 300 per lot goal
prize, i set the cinema daughter/wife travell
do not forget wvpoc mvpoc levels this week

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to alejo for this post:
 
(login for full post details)
  #439 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

my main issue, continue, want to be right, hold the loser and big loses
today i touch my life limit, and the hurt &all the necesary to continue has a limit, i think i have overpassed
one more that pass to the silent and hidden history
that was my path
thank you to everybody and good luck

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 11 users say Thank You to alejo for this post:
 
(login for full post details)
  #440 (permalink)
 rahulgopi 
milpitas, ca, usa
 
Experience: Intermediate
Platform: Tradestation
Broker: Tradestation, Ameritrade
Trading: ES, Gold, 10 Yr
 
rahulgopi's Avatar
 
Posts: 1,640 since Feb 2014
Thanks: 1,255 given, 3,780 received


alejo View Post
my main issue, continue, want to be right, hold the loser and big loses
today i touch my life limit, and the hurt &all the necesary to continue has a limit, i think i have overpassed
one more that pass to the silent and hidden history
that was my path
thank you to everybody and good luck

Sorry to hear that you are planning to stop. It takes courage and resolve to do the right thing.

That being said, since you have identified the personal and psychological issues, you may want to focus on addressing the same. if you have a physical illness, you will seek help to address it. Mind is one of the marvelous instrument at your disposal, you identified problems with it, how can you just let go and not fix it ?.

It took millions of years for humans to develop a mind of this caliber. Emotions are our creative expression. Problem is not with mind or emotions, problem is with how we use them. It is like a surgical knife, in the hands of a good Surgeon it is a very useful device BUT very dangerous if one doesn't know how to use them.

Problems you encountered or what ever we perceive only exist in our mind. There is no meaning to anything that happens around us, how the market moves or a nuclear war. We assign a meaning to the meaningless events based on our conditioned mind or belief systems. This is why some events, a group may perceive as right while another may perceive as barbaric - based on their belief systems.

Your problems only exist in your mind. It happens because you assigned certain meanings to certain events and choose to act accordingly. The fact of the matter is, you created these belief systems and you have the power to change them. You are soo identified with the creation ( your identity / beliefs ), you forgot the fact that you are the creator and have the power to change it.

Remember, your current personality is JUST one organization of infinite possibilities. IF you were adopted by say some Indian parents when you were 3 and grew up in a different part of the world, you will have a very different belief systems and values. Most of your beliefs and values you hold as truth are not yours, society you grew up , cultural circumstances etc programmed it for you. They are not you, they are just programs and you can change it.

So please dont identify with your problems like need to be right or fear of loss etc. They are just beliefs and you can change them. All you need is a little distance between you and your thoughts. The ego identification which you hold dearly as truth will loose its power once you cast a little light of awareness on it.

A lot of traders struggle for the same reason. If you have identified certain unproductive behavior patterns, dont just work around it, deal with it and face them head on. I hope you take all the lessons you learned and work on to address them. It will help you in every aspect of your life, not just trading if you choose to work on it again in the future.

Wish you good luck with everything !!.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 12 users say Thank You to rahulgopi for this post:
 
(login for full post details)
  #441 (permalink)
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received


alejo View Post
my main issue, continue, want to be right, hold the loser and big loses
today i touch my life limit, and the hurt &all the necesary to continue has a limit, i think i have overpassed
one more that pass to the silent and hidden history
that was my path
thank you to everybody and good luck

It takes a courage and strength to recognize the need of a major change. Good luck in your new endeavors and maybe one day you will come back with a different ideas and a mindset. Wish you all the best!

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to xelaar for this post:
 
(login for full post details)
  #442 (permalink)
 vhuywod 
Viet Nam
 
Experience: Beginner
Platform: Sierra Chart
Trading: ES
 
vhuywod's Avatar
 
Posts: 2 since Nov 2013
Thanks: 147 given, 2 received

I read your journal for long time when I start a member at FIO, I dont think you will give up.
I will remember you.

Best wish for you !

Reply With Quote
The following user says Thank You to vhuywod for this post:
 
(login for full post details)
  #443 (permalink)
 chipps1983 
Dover+NJ/US
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Stage5/Advantage Futures
Trading: NQ
 
chipps1983's Avatar
 
Posts: 2,040 since Jan 2015
Thanks: 5,105 given, 3,642 received


alejo View Post
thank you to everybody and good luck

I read your journal and the struggle to overcome the Trading. I wish you all the very best and hope to see you again with fresh journey.

--------
Chipps
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to chipps1983 for this post:
 
(login for full post details)
  #444 (permalink)
 arjfca 
Montreal, Canada
 
Experience: Intermediate
Platform: Multicharts
Broker: Interactive Broker
Trading: Forex
 
Posts: 263 since Sep 2010
Thanks: 440 given, 91 received


alejo View Post
I am afraid :
1-to be wrong
2-to loss money
3-to lost a chance / oportunity
4-to let money on the table

the main mistakes are:

1-hesitation
2-jump as a crazy
3-Enter without measurable risk
4-move the stop loss to get a big loss
5-no take profits
6-exit soon from a winner
7-move sl to bve and get stop and mkt go to my favor
8-take a bigger risk with too many lots for my account

it is clear that with the fear my mind does not work well for trading, then i need to work to have a clear mind
and open for the market.

i try to reach the advice of tiz, do not expect nothing, do not care the outcame, can happen anything, take the money

to be continue

An old post, just starting to read it. but my taught are...
Did I wrote this post.... I did check the author to see if it was not me who initiate it. So close to y own experience


Martin

Reply With Quote
The following user says Thank You to arjfca for this post:
 
(login for full post details)
  #445 (permalink)
 SatchFan 
Jefferson City, Missouri
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: CL ES
 
SatchFan's Avatar
 
Posts: 223 since Mar 2010
Thanks: 329 given, 202 received


arjfca View Post
An old post, just starting to read it. but my taught are...
Did I wrote this post.... I did check the author to see if it was not me who initiate it. So close to y own experience


Martin

Martin,
Watch this video as much as possible and see if it helps.


Reply With Quote
The following 2 users say Thank You to SatchFan for this post:
 
(login for full post details)
  #446 (permalink)
 SatchFan 
Jefferson City, Missouri
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: CL ES
 
SatchFan's Avatar
 
Posts: 223 since Mar 2010
Thanks: 329 given, 202 received


SatchFan View Post
Martin,
Watch this video as much as possible and see if it helps.


More perspective on "Changing the way you think".







Several overlapping points in these videos.....

Reply With Quote
The following 2 users say Thank You to SatchFan for this post:
 
(login for full post details)
  #447 (permalink)
 SatchFan 
Jefferson City, Missouri
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: CL ES
 
SatchFan's Avatar
 
Posts: 223 since Mar 2010
Thanks: 329 given, 202 received




Any thing in there sound familiar???

Reply With Quote
The following 2 users say Thank You to SatchFan for this post:
 
(login for full post details)
  #448 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
 
Posts: 2,893 since Apr 2012
Thanks: 1,683 given, 3,667 received

A deep urge is brewing in the depths it lurks. A trade must occur again is how it works. The longer you go without the closer it comes about.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
 
(login for full post details)
  #449 (permalink)
traderjcernesto
Tijuana,Mexico
 
 
Posts: 2 since Mar 2018
Thanks: 1 given, 0 received


alejo View Post
i was doing some momentum trades on the test of 200 max per day
3 winners day and i feel like, yes , i can do it
of course the next 3 days were 3 x-200
what happens
i was practicing not trying to recoup and get emotionally
one good practice was
1w, next
1l
other and stop
1w ,2w, if 300gola stop

if 200 (locked) compulsory stop

but
when i down some
fr examople -125
or-62
i keft tiny amount to trade

i trying to cut quick if not work fast the trades
but
i lost good chances for winning and also big potential winners
and got trapped in some false break outs

then if i want to continue trading , i have tight stop
then worse trade

and scalp
and micro scalp
and worse
and end -200

the only posibility is 1 or 2 w
or 1 trade with 4 p stop

i will focus on 1 trade with 4p stop
loser stop trading
winner ,other, winner if pass 300 and come back stop

if 1w 1l and below 4p next stop stop trading

i entry back to mean, on turning points, after abc, on support, with momentum before to explode and with 4p room stop well located

then i will wait, patience
not recovery revenge,
and add winners after the pb on bo

sim test
with 1500maxdd and goal
maxdll -200
goal +300
2lot

if it work
i will test live to sav my money in the meanwhile+combine 175$
focus on not emotionally/recovey
and be patiente for the trades

i will miss 1000trades beacause i normally see trades everywhere, and use to chase

good luck
and relaxing+preparation+study markets

Hi Alejo, do you still trading?

Reply With Quote
 
(login for full post details)
  #450 (permalink)
 matthew28 
Legendary Elite_Member
Wiltshire, United Kingdom
 
Experience: Beginner
Platform: Jigsaw daytradr
Broker: Tradovate
Trading: Equity Index Futures
 
matthew28's Avatar
 
Posts: 982 since Sep 2013
Thanks: 2,462 given, 1,768 received

If you click on the username next to a post you can view their profile.
He hasn't been on the site since January 2016

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to matthew28 for this post:
 
(login for full post details)
  #451 (permalink)
traderjcernesto
Tijuana,Mexico
 
 
Posts: 2 since Mar 2018
Thanks: 1 given, 0 received


matthew28 View Post
If you click on the username next to a post you can view their profile.
He hasn't been on the site since January 2016

Thanks Matthew, how is it going with TST combine?

Reply With Quote


futures io Trading Community Psychology and Money Management > self coach trading


Last Updated on April 5, 2018


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts