NexusFi: Find Your Edge


Home Menu

 





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 87,322 views
    2. thumb_up 449 thanks given
    3. group 40 followers
    1. forum 450 posts
    2. attach_file 328 attachments




 
Search this Thread

self coach trading

  #171 (permalink)
 
alejo's Avatar
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
Posts: 1,311 since Apr 2013
Thanks Given: 16,557
Thanks Received: 646

I do not want to lose the opportunity to participate, yes , that is what i realize it is happen to me when i want to see the markets, and trade them
the result are shownme in spite of ES go up 10 point and down 20 point, i am not able to catch that "yet" (i only get a couple of points and with a lot of bad trades in the middle

the same with gc moves (i wen t to go long 1290...)

in general, if i wait the move, i said, oh i lost that

and this has conflict with the issue , scalp, not scalp, go for bigger moves.

and overtrade also

i think watching the es, that it look possible wait for the move to one side, wait the unbalanced situation, and enter with a lottle risk, and then start pressing guessing this is the 10 point moves...

but how can i do that?

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
REcommedations for programming help
Sierra Chart
About a successful futures trader who didnt know anythin …
Psychology and Money Management
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
ZombieSqueeze
Platforms and Indicators
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
  #172 (permalink)
 
ratfink's Avatar
 ratfink 
Birmingham UK
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
Posts: 3,633 since Dec 2012
Thanks Given: 17,423
Thanks Received: 8,426


alejo View Post

but how can i do that?

Stick to ONE instrument only.

Pick one time frame for some context (e.g. 15/30/60/day, your choice, ranges/S/R/profile/whatever you prefer.)

Pick a shorter time frame or type for entry and to gauge momentum/strength (e.g. 1/2/3/5/tick/range/vol, your choice.)

Pick maybe two setups and a fixed stop target (eg pullback/breakout/10:20, your choices.)

Make two trades, no more, on 2-4 days a week for 3 months.

Avoid messy days like rollovers/fed/etc.

Treat Mondays and Fridays with more caution, but still be careful on Tuesdays, Wednesdays and Thursdays.

Change nothing once you have a method, at the moment you appear to have none.

Do nothing else except learn to chain yourself down and stop jumping around like a jack-rabbit.

Best Wishes and Slow Down!!

Travel Well
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #173 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568



ratfink View Post
Stick to ONE instrument only.

Pick one time frame for some context (e.g. 15/30/60/day, your choice, ranges/S/R/profile/whatever you prefer.)

Pick a shorter time frame or type for entry and to gauge momentum/strength (e.g. 1/2/3/5/tick/range/vol, your choice.)

Pick maybe two setups and a fixed stop target (eg pullback/breakout/10:20, your choices.)

Make two trades, no more, on 2-4 days a week for 3 months.

Avoid messy days like rollovers/fed/etc.

Treat Mondays and Fridays with more caution, but still be careful on Tuesdays, Wednesdays and Thursdays.

Change nothing once you have a method, at the moment you appear to have none.

Do nothing else except learn to chain yourself down and stop jumping around like a jack-rabbit.

Best Wishes and Slow Down!!

Fully subscribe

Trade to live. Not live to trade.
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #174 (permalink)
 
alejo's Avatar
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
Posts: 1,311 since Apr 2013
Thanks Given: 16,557
Thanks Received: 646


ratfink View Post
Stick to ONE instrument only.

Pick one time frame for some context (e.g. 15/30/60/day, your choice, ranges/S/R/profile/whatever you prefer.)

Pick a shorter time frame or type for entry and to gauge momentum/strength (e.g. 1/2/3/5/tick/range/vol, your choice.)

Pick maybe two setups and a fixed stop target (eg pullback/breakout/10:20, your choices.)

Make two trades, no more, on 2-4 days a week for 3 months.

Avoid messy days like rollovers/fed/etc.

Treat Mondays and Fridays with more caution, but still be careful on Tuesdays, Wednesdays and Thursdays.

Change nothing once you have a method, at the moment you appear to have none.

Do nothing else except learn to chain yourself down and stop jumping around like a jack-rabbit.

Best Wishes and Slow Down!!

thank you, i will try!

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #175 (permalink)
 
alejo's Avatar
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
Posts: 1,311 since Apr 2013
Thanks Given: 16,557
Thanks Received: 646

yesterday i start to trade according some rules in cl ,that joao is teaching me, and i find doing a lot of different things, catching spikes, trying to catch the top/bottom, exiting by fear in most of them
specially no waiting for everything in alignment
today i try to wait and reach them

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #176 (permalink)
 
alejo's Avatar
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
Posts: 1,311 since Apr 2013
Thanks Given: 16,557
Thanks Received: 646

i realize that almost all trades same issue, exit with fear while is a winner....
i know why, because our mind works in this way,
if yuo are in thye winner territory and we have high prob , one accept a worst settlement and close the winner, but i want to try to go against that

yesterday i have wanted to make a test, i was bearish es, i short 1865 and say , i hold this up to the close, but i could not ,again, in a retracement ,i sold 63
later again short 59, and again, i close 54 retracement
i am trapped with this

imagine with a close near 41 with 24 handled...

maybe if i turn it off the screen and i go away works...

could be this the issue with scalp /no scalp?

scalp give you calm when to take profit

hold winner is very painfull

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #177 (permalink)
 
alejo's Avatar
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
Posts: 1,311 since Apr 2013
Thanks Given: 16,557
Thanks Received: 646

today i was waiting more and i made 2 trades with cl according joao rules, and was good +45, but later, the same issue, i see things (chase spike, breaking highs, )and i want to participate, and finish made impulse trades, chasing, alos i let an open trade...cl shor at highs

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #178 (permalink)
 
alejo's Avatar
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
Posts: 1,311 since Apr 2013
Thanks Given: 16,557
Thanks Received: 646

i am trying to find something to fit with me, today i have achieved to hold a winner to catch the 10 point move in es, and also other in nq and 6e.
if not move the stop, ant take the loses is difficult i think hold the winner is more diffcult, support the swing against me, 1,2,3 times...
could be very interesting to exit at top and reenter in the pullback, but it sound a hyperfantasy.

if i wait to the zone where the market offer high S/R ,and enter with reasonable risk , and try to ride it

also another nice discover is to wait the 15 min opening range and it is more clear the picture,

another thing is as chasing the moves is an losing games, maybe is an opportunity to fade them

it is very good that it looks like i am taking loses regularly, use stops ever, and i see the benefits of that, then i am seeing this with less fear and with more opportunities, even though ,i do not know how to catch them yet.

i am receiving some help from @wldman to compare the decisions with the trades and try to learn from that , i can test with m6e

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #179 (permalink)
 
wldman's Avatar
 wldman 
Chicago Illinois USA
Legendary Market Wizard
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
Frequency: Several times daily
Duration: Hours
Posts: 3,534 since Aug 2011
Thanks Given: 2,069
Thanks Received: 9,556

had a few nice ones there.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #180 (permalink)
 
alejo's Avatar
 alejo 
madrid spain
 
Experience: Beginner
Platform: nt
Trading: None.
Posts: 1,311 since Apr 2013
Thanks Given: 16,557
Thanks Received: 646


this battle is getting me crazy yet, i was decided to not scalp and go for bigger target, but when i analyze the result and make what if with different target, it looks like the+4 @welly92 target beat the other possibilities.
the idea is to wait for big moves and add to them, but most moves not last 3 swings.
i was looking for the way to catch the 2/3 moves per day +10/-10/+8 that occur
but to do that, you need to scratch a lot of trades, and if you sum all of them, the result look positive for the a lot +4
yesterday was a choppy day but it has 2 nice moves, i let it run and i let it scape mfe , and finish red with the losers
the good thing, all little losers
scale out is the only way to capture the moves and have the possibilties for a runner?i do not like so because the increase of risk and you do not press the good moves
but in the other hand you can get the little ones and you let the possibility open but with minimum size
the ideal way is initiate with little risk, addin, increase size and cacth the move with size, but i lost all littles moves
if you set 4t target and you get 8 point move, does not make sense
but if i scrath 10 trades instead of take +40 neither
i need to continue testing if it possible to get in nice moves and adding to them
i was reading that it is important to know the adjust results to risk to get that result and compare differents systems, and i see that in Tradestation results there s that parameters(risk adjusted) and always are negative or worse than the normal results
i do not yet how to measure that yet.
example scalp
if @welly92 says he got 70/90%w, if i can get 60%, then if i made 10 trades 6x4-4*(-5)=+4 less (10*3comision)=+1
not so good,

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Visit my NexusFi Trade Journal Started this thread Reply With Quote




Last Updated on April 5, 2018


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts