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self coach trading
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self coach trading

  #51 (permalink)
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26 nov thoughts & IDT session

maybe the problem i was having is accept that the 3lot strategy did not work, and I have a lot of good feeling about that, and that was my first strategy that i apply well, and the first that let me earn money, i had an idea, I got it!
but so what?
after reading kevingdog saying the amount of strategy that test and a little amount are sucesfull, i realize that , i need to continue to building my handycraft, i did not discard the scalping yet, but i think the smaller the TF, the higher the emotions, then more difficult scalping than position Trading?

Yesterday i finish the IDT 2days/50%price course.
i will post about the IDT on the vendor review, but i imagine something about to improve the intuitive skills, but not, a lot of things about what i need to do/to be to sucess, but the key is how, and here is not the answer.
conclusion, 1)filter info 2)fullpower you 3)be accountable 4)like if you go to the church, or your mam talk to you ,you need to be a good person, humility, compassion, courage,integrity and respectfully , first that ,the basement
if not have that, nothing works on top of that.

as douglas, brett, big traders say, unconcious drive everything

futures.io (formerly BMT) is by far a better resource, but ,everything adds, "the knowledge not fills any room"or "one can never know too much"(a says in spanish, el saber no ocupa lugar)

today i continue with the test of 3lot strat with target+1
the good news is i stop after 3 losers in a row
very good
the bad i was full stop out in 2 , i could n close it before, in front of the train
i need to work on try to recognize this, and avoid it
i am studying the sharky post, and i am very motivated because he says he made 50k a day, and he scalp zn, uauu
nice to learn that path

today i place some lives trades, to check my emotions, and i could close the losers quicky, and also let it run the winners, i stay almost 2 hours in a winner waiting for a break, (finally it did not occured), i letted go back and forth, testing my fear, and the climatic feelings up and down.
is different watching the market with a position on, or off
it was difficult because my max dd $60, is so little

while i am trying the sim 3lot+1t, i am planning to make a couple of swing trades lives to test another TF.
i think is more relax to do that, and trade on 60minchart/daily, i made tradeswing #1.
i will see if i can hold without watching each hour, and if i can hold it to reach stop or target

also i am planning to take another training with nbsdt to continue improving to reading the tape
a am reading the mind over market, thanks @Fat Tails and i try to understand the day tapes, openning, and so.

goal for today:
continue test TS 3l strst+1t
but not counter trend, only fades in trend direction

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #52 (permalink)
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not counter trend


alejo View Post
maybe the problem i was having is accept that the 3lot strategy did not work, and I have a lot of good feeling about that, and that was my first strategy that i apply well, and the first that let me earn money, i had an idea, I got it!
but so what?
after reading kevingdog saying the amount of strategy that test and a little amount are sucesfull, i realize that , i need to continue to building my handycraft, i did not discard the scalping yet, but i think the smaller the TF, the higher the emotions, then more difficult scalping than position Trading?

Yesterday i finish the IDT 2days/50%price course.
i will post about the IDT on the vendor review, but i imagine something about to improve the intuitive skills, but not, a lot of things about what i need to do/to be to sucess, but the key is how, and here is not the answer.
conclusion, 1)filter info 2)fullpower you 3)be accountable 4)like if you go to the church, or your mam talk to you ,you need to be a good person, humility, compassion, courage,integrity and respectfully , first that ,the basement
if not have that, nothing works on top of that.

as douglas, brett, big traders say, unconcious drive everything

futures.io (formerly BMT) is by far a better resource, but ,everything adds, "the knowledge not fills any room"or "one can never know too much"(a says in spanish, el saber no ocupa lugar)

today i continue with the test of 3lot strat with target+1
the good news is i stop after 3 losers in a row
very good
the bad i was full stop out in 2 , i could n close it before, in front of the train
i need to work on try to recognize this, and avoid it
i am studying the sharky post, and i am very motivated because he says he made 50k a day, and he scalp zn, uauu
nice to learn that path

today i place some lives trades, to check my emotions, and i could close the losers quicky, and also let it run the winners, i stay almost 2 hours in a winner waiting for a break, (finally it did not occured), i letted go back and forth, testing my fear, and the climatic feelings up and down.
is different watching the market with a position on, or off
it was difficult because my max dd $60, is so little

while i am trying the sim 3lot+1t, i am planning to make a couple of swing trades lives to test another TF.
i think is more relax to do that, and trade on 60minchart/daily, i made tradeswing #1.
i will see if i can hold without watching each hour, and if i can hold it to reach stop or target

also i am planning to take another training with nbsdt to continue improving to reading the tape
a am reading the mind over market, thanks @Fat Tails and i try to understand the day tapes, openning, and so.

goal for today:
continue test TS 3l strst+1t
but not counter trend, only fades in trend direction


when the trend has changed, i took 2 trades against them
of course i did not at that time, but , could i know it?
the good thing, im close it for -1
but was in sim

the very bad thing, i will talk in the next post, i could not stop to move stop in live

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #53 (permalink)
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confirmed in live: alejo can not stop to move stops


I think i have enough feedback to extract this conclusion, yesterday it looked like i can take little losses, but today i was so consistent with that activity, also in the swing trade, and also in several post from my journal, and a lot of more in the pre futures.io (formerly BMT) live.
i need to overcome this issue yes or yes.
how can i will do.? i do not know yet
it is clear that after 3 month of sim trades, i learn to do it in sim, at the start of sim i made the same error, but later i use and i do not move the stops, in 99%, i know that i need to use them in 100%
but the real problem is live
there is not the 1% times i do not use stops.
not
if i use mental stop, i do not respect them
if i use brackets stops, i do not respect them
i could not use any strategy, because i do not accepts that little losses, oh no! i am wrong! what the other traders, think!, absolutly crap, but what others traders think when i take big losses? is not worse?
i know that i need to take the little losses, it is not enough
i know that it need to be little losetes, it is not enough
i know that i have a lot of pressure if i only have 60$ max DD account, yes, i can fix that, i have others account with more money
yesterday i have 237$ max DD in the inf acount, and $600 max daily loss block set
but why i can let pass the 230?
i did not want to touch the daily hard limit and they loccked in my face the dom (i suffered a lot of time that)
but i was staired at the screen , hoping, waiting?
how can be possible?
maybe if i not trust in my strategy, then i can not execute well, but, if i do not take the 3 tick loss, the strategy will works better?
not
then ,why not take the little losses, and wait , as i do in sim?
i do not know
i know that is something unconcious, i need to learn to simply take it
it is easy to say
in sim is absolutly a losing time
risking 1$ per tick is absolutly losing time, i was practicing micro6e and 6e
but i am focus on zn, that is less risky(low volatility) than 6e
and $45 /3 tick is ok for 10k or 5k account
but is to lose 45 the problem?
how can accept 530 lose?, maybe because the mkt close at 5et, if not i can stair at the screen 96hs?
and i lost family, life, ...
does not make sense
when i am out of market i have the mind clear
when i am in the mkt IQ going down

then it is much better close and wait
what thing give me more pain than a big lose?accept that i can not make it?accept i am wrong
wrong is not take the little loss, but it is not enough to know that
i need a punishment (maybe not trade for a month?, wire money to somebody?, cut my b...?)

goal:
1)find a punishment and try to avoid it with the right behavior
2)re read the bret stenb... and find what chapter could apply to my case
3)practice in live the 3lot strategy, but with 1 lot and 3target, and take the losses, the goal if take the loses, not find out if the strategy work, also i try to choose the higher probabilitic entries, fade ranges, not counter trends, break out ranges)
4)remember that this exercise is to learn that take the little losses is good for me, ..let it get big losses is bad for me)
5)if i do not take the 3tick stop loss, only one time, stop trading for 1 month
i want to give my word to all futures.io (formerly BMT) communty, if i do not accomplish that , please remember me with a big shout

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #54 (permalink)
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alejo's Avatar
 
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Thanks: 16,557 given, 643 received

learning to accept losses trading live

i trade live on 29 and i achieved the goal to not move the stop on 2 trades
well done!
on the second, i let it alone, i went to to pick my daughter
i set a rule
if i move it or pull it
i stop trading for a month
while i am testing the scalp strategy real

i was Reading a study from day traders behaviors, and i am not alone, the most don t close the losers, the most close at las minute the losers, if they can let to become in aswing for the next day, it looks like it is an instict to let it run losses to avoid the loss
i need to fight against this instinct
also i reduce the amount of trades and try to wait to the borders of mp
(but today i did not do it ,i enter before the border, and buuum)

i face with my past with a lot of money lost while try/error trading live as a crazy
but now i know that the fantasy for a killer is just that
before i was looking that
also now i know the relation between risk/reward/DD
before i did not understand why i blownup or go back with wild swings while trade cl, gc, fdax,nq, soy,yen,....

i need to find a solution and look that the first is be able to cut and accept loses, i Heard a lot of time this,
but , i realized the size of this endeavor the last month when i suffered the emotions trading live

i repeat ," anything can happen", but really, i do not accept easy
I repeat "it does not care the result of this trade" i do not accept easy

what difficult is become a trader!
before i thought what easy is this

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #55 (permalink)
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Platform: nt
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Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

only one week live and i need to stop trading

Today is friday 6dic13, and i have just close the dom.s .
i am feeling so bad for several things, first, the frustration to realize that i have consistentently bad result, frustrated by reach and also surpass the limit, several limits,daily loses, max DD, i am writing the journal, today, after several days, then i did not my daily job also.
i am feeling bads things with my trading activity, it is interfering with my others interest.
I need to stop.
I am doubting about almost I am doing.
I start with 3tick stop loss test, and was right, i took the loses, but after loss several times in a row , i need highers winners.
I start testing to increase targets, but was live, and i let it run thye winners, too much, then , i let them most of them become losers.
I let several trades open for the other day
Also i made 2 mistakes with the news, i tried to pick one selloff and I got a big slippage
The stop test it was distorting, and the loses increasing,
I need to refocus, re read the journal (i did not do yet)
Find and test a strategy in sim first
evidently i do not have one, or i did not realize about that
i am losing my confidence, and i feel i lose my path
can i say the stop loss test was, ok, maybe
i took several of them, i did not move the stop
but i increase the stop size in the entry in some swing trades, and with my last trade trying to catch the news, i entry with large slipagge without stop (in this case, i do not have time to place the stop manually so far)
then i stop trading for 1 month,

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #56 (permalink)
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prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received


alejo View Post
Today is friday 6dic13, and i have just close the dom.s .
i am feeling so bad for several things, first, the frustration to realize that i have consistentently bad result, frustrated by reach and also surpass the limit, several limits,daily loses, max DD, i am writing the journal, today, after several days, then i did not my daily job also.
i am feeling bads things with my trading activity, it is interfering with my others interest.
I need to stop.
I am doubting about almost I am doing.
I start with 3tick stop loss test, and was right, i took the loses, but after loss several times in a row , i need highers winners.
I start testing to increase targets, but was live, and i let it run thye winners, too much, then , i let them most of them become losers.
I let several trades open for the other day
Also i made 2 mistakes with the news, i tried to pick one selloff and I got a big slippage
The stop test it was distorting, and the loses increasing,
I need to refocus, re read the journal (i did not do yet)
Find and test a strategy in sim first
evidently i do not have one, or i did not realize about that
i am losing my confidence, and i feel i lose my path
can i say the stop loss test was, ok, maybe
i took several of them, i did not move the stop
but i increase the stop size in the entry in some swing trades, and with my last trade trying to catch the news, i entry with large slipagge without stop (in this case, i do not have time to place the stop manually so far)
then i stop trading for 1 month,

Could I suggest to look for a less intense approach with less trades and higher rewards?

Trade to live. Not live to trade.
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  #57 (permalink)
Trading for Fun
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Futures Experience: Beginner
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stop


alejo View Post
Today is friday 6dic13, and i have just close the dom.s .
i am feeling so bad for several things, first, the frustration to realize that i have consistentently bad result, frustrated by reach and also surpass the limit, several limits,daily loses, max DD, i am writing the journal, today, after several days, then i did not my daily job also.
i am feeling bads things with my trading activity, it is interfering with my others interest.
I need to stop.
I am doubting about almost I am doing.
I start with 3tick stop loss test, and was right, i took the loses, but after loss several times in a row , i need highers winners.
I start testing to increase targets, but was live, and i let it run thye winners, too much, then , i let them most of them become losers.
I let several trades open for the other day
Also i made 2 mistakes with the news, i tried to pick one selloff and I got a big slippage
The stop test it was distorting, and the loses increasing,
I need to refocus, re read the journal (i did not do yet)
Find and test a strategy in sim first
evidently i do not have one, or i did not realize about that
i am losing my confidence, and i feel i lose my path
can i say the stop loss test was, ok, maybe
i took several of them, i did not move the stop
but i increase the stop size in the entry in some swing trades, and with my last trade trying to catch the news, i entry with large slipagge without stop (in this case, i do not have time to place the stop manually so far)
then i stop trading for 1 month,

Hi alejo,
I'm new here in the forum, but not trading. Reading this post and if you let me, i want to give you a suggestion based on my experience. One part than most traders don't try to develop enough is stop location. Seems that in your post you are in that way. Most traders are focused on entry points and exits, but no most try to locate first the stop. I don't know if this is your process when you enter at the market, but i recommended,
1 stop
2 entry point
3 target
This sequence is the best you can use, because finally your stop is where you lose money, and the most important aspect in every trade you want to take. Seems that you are using a little stop, 3 tics and finally this is the end of every trader, risk less than you can, but for using this kind of stop you need to have a good location in your stop if not you are lost.
And the milion dollar question: where i need to put my stop for to be safer?
No easy answer, but basically try to find areas where someone can protect your stop, because you can't protect your money in the market. This is the reason why you need to find areas that some other trader with big money have some interest and will fight in this area for protect him and in the same way you can have some protection or "safe" area in your stop.
Take that like a suggestion because that help me myself to trade better.
Regards

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  #58 (permalink)
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less trades with high risk reword


xelaar View Post
Could I suggest to look for a less intense approach with less trades and higher rewards?

good advice!of course, thank you very much!
i am fighting between scalping / and looking for high R/R
according of the most people it is very difficult to scalp
i try to find an entry in a point to let profit run, but i couldn take it
also i have 2 accidents very painfully with news/slipage/opentrade
i do not know what to do, and how to do it.

thanks you very much for your time and your help

alejo

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #59 (permalink)
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Platform: NinjaTrader, TWS
Broker/Data: IB/Kinetick
Favorite Futures: ES
 
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Albert Einstein
Insanity: doing the same thing over and over again and expecting different results.

Do something different! You seem to be driven to trade live when you are not yet consistent. Trade on sim until you have a system that works, only then tackle live trades with their psychological add-ons.

Don't give up, but also don't keep giving your money away. The market is not a charity.

Good luck.

Richard
Hong Kong
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  #60 (permalink)
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not prepared for trading live



RichardHK View Post
Do something different! You seem to be driven to trade live when you are not yet consistent. Trade on sim until you have a system that works, only then tackle live trades with their psychological add-ons.

Don't give up, but also don't keep giving your money away. The market is not a charity.

Good luck.

you are right, i was trying to test my self respecting the stop loss and accept them, because i noticed that in sim i let it but in live was different

but i do not have a system yet, then i go again to live to try to handcraft one
thanks

alejo

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