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self coach trading
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self coach trading

  #1 (permalink)
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self coach trading

I am starting this thread to write all the self coaching stuff that i am want to apply and i am discovering while i am journaling and while i am reading a couple of books, trading in the zone, the disciplined trader, the book recomended for bigmike the daily trading coach by brett steenbarger

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  #2 (permalink)
Quick Summary
Quick Summary Post

I have a lot of work to do, and i want to keep it all the thougths, goals, problems, tasks, etc together to come and revise it and share my jobs with you

7march2014 black friday big DD and lost control
https://futures.io/psychology-money-management/29066-self-coach-trading-14.html#post395121

13march end live again
https://futures.io/psychology-money-management/29066-self-coach-trading-16.html#post396346

24sep forget scalp and start a new approach for big points
https://futures.io/psychology-money-management/29066-self-coach-trading-26.html#post437543

29/s forex challenge for2week
https://futures.io/psychology-money-management/29066-self-coach-trading-27.html#post438861

30/s start a test combi 450k target 20k maxdd20k maxdll 10k max pos15 20d
https://futures.io/psychology-money-management/29066-self-coach-trading-27.html#post439070

14/oct i got more than daily range!
https://futures.io/psychology-money-management/29066-self-coach-trading-28.html#post443563

18/oct i get my graduation to intermediate level
https://futures.io/psychology-money-management/29066-self-coach-trading-29.html#post444911

19/oct i reach my 2014 goals
https://futures.io/psychology-money-management/29066-self-coach-trading-29.html#post444955

30/10 next stage finish combi 450 and start combi150k/9k/4k5/3k (eq/targ/maxdd/maxdll)
https://futures.io/psychology-money-management/29066-self-coach-trading-31.html#post449459

3/11 i start the combi test 150 as lp
https://futures.io/psychology-money-management/29066-self-coach-trading-32.html#post450649

14/11 i finish and passed the combi 150 with lprules
https://futures.io/psychology-money-management/29066-self-coach-trading-32.html#post453693

17/11 i start the real combine 150k with tst
https://futures.io/psychology-money-management/29066-self-coach-trading-32.html#post454376

18/11 day 2 and key thoughts
https://futures.io/psychology-money-management/29066-self-coach-trading-33.html#post454715

4/12 finish the combine1 and fail
https://futures.io/psychology-money-management/29066-self-coach-trading-34.html#post458288

5/12 start the combine2 150k/10d
https://futures.io/psychology-money-management/29066-self-coach-trading-34.html#post458289

key pattern 5/12
https://futures.io/psychology-money-management/29066-self-coach-trading-34.html#post458292

9/12 fail combine2 day2
https://futures.io/psychology-money-management/29066-self-coach-trading-34.html#post459153

10/12 hard crisis
https://futures.io/psychology-money-management/29066-self-coach-trading-34.html#post459373

19/12 correlation and reflexion after a biggest loser strikes
https://futures.io/psychology-money-management/29066-self-coach-trading-35.html#post461393

1/1/15 trading goals 2015
https://futures.io/psychology-money-management/29066-self-coach-trading-36.html#post463283

6/1/15 start combine 3 only ES holding and pressing winners
https://futures.io/psychology-money-management/29066-self-coach-trading-37.html#post464371

9/1/15 combine doing good and talking about size
https://futures.io/psychology-money-management/29066-self-coach-trading-37.html#post465313

13/1/15 trading plan form 2015
https://futures.io/psychology-money-management/29066-self-coach-trading-37.html#post465954

13/1/2015 money management for 2015
https://futures.io/psychology-money-management/29066-self-coach-trading-37.html#post465951

16/1/2015 plan to improve and avoid trading out of control after i fail combine3
https://futures.io/psychology-money-management/29066-self-coach-trading-37.html#post466847

20/1/15 trading plan with improving rules from today
https://futures.io/psychology-money-management/29066-self-coach-trading-37.html#post467070

26/1/15 new money management to tide risk
https://futures.io/psychology-money-management/29066-self-coach-trading-38.html#post469022

8/2/15 slow down
https://futures.io/psychology-money-management/29066-self-coach-trading-38.html#post473322

17/2/15 combin1(inside parameters)
https://futures.io/psychology-money-management/29066-self-coach-trading-38.html#post477216

3/3/15 combin2
https://futures.io/psychology-money-management/29066-self-coach-trading-38.html#post480753

20/4/15 start the combine4
https://futures.io/psychology-money-management/29066-self-coach-trading-39.html#post490668

8/5/15 i could follow the rules combine4
https://futures.io/psychology-money-management/29066-self-coach-trading-40.html#post493857

18/5/15 i start combine5 (rollover1)
https://futures.io/psychology-money-management/29066-self-coach-trading-41.html#post495138

22/5/15 com5 first week
https://futures.io/psychology-money-management/29066-self-coach-trading-41.html#post496224

26/5/15 failed combine5 and reduce size test
https://futures.io/psychology-money-management/29066-self-coach-trading-41.html#post496705

12/6/15 start and quick failed live test
https://futures.io/psychology-money-management/29066-self-coach-trading-42.html#post498873

15/5/15 how to acomplish the plan, mind goals
https://futures.io/psychology-money-management/29066-self-coach-trading-42.html#post498979

1/7/15 failed combine7 and asses
https://futures.io/psychology-money-management/29066-self-coach-trading-42.html#post501948

2/7/15 why i am trading?
https://futures.io/psychology-money-management/29066-self-coach-trading-42.html#post501958

2/7/15 rules since 6july15 to reload1 cc150k
https://futures.io/psychology-money-management/29066-self-coach-trading-43.html#post501980
failed in 2 days

9/7/15 start reload2 cc150K
https://futures.io/psychology-money-management/29066-self-coach-trading-43.html#post503827

6ago fail R2
https://futures.io/psychology-money-management/29066-self-coach-trading-44.html#post510069

11ago failr3 and plan for r4
https://futures.io/psychology-money-management/29066-self-coach-trading-44.html#post511317

12ago fail r4 in 1 day and i touch bottom my revenge pattern and not follow rules need to be solved
https://futures.io/psychology-money-management/29066-self-coach-trading-44.html#post511830

17/8 plan to solve a pattern to recoup $ and go emotional
https://futures.io/psychology-money-management/29066-self-coach-trading-44.html#post512244

19/8 next test triple focus nor revenge+patience+risk
https://futures.io/psychology-money-management/29066-self-coach-trading-44.html#post513538

2/9/15 is this the turn?
https://futures.io/psychology-money-management/29066-self-coach-trading-44.html#post518309

7/9/15 adding on first pb week and behavior above 70%
https://futures.io/psychology-money-management/29066-self-coach-trading-44.html#post519048

12/nov my last day i could not do it
https://futures.io/psychology-money-management/29066-self-coach-trading-44.html#post536841


Last edited by alejo; November 12th, 2015 at 06:04 PM.
 
  #3 (permalink)
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notes to start


i have to focus in my learning process
set goals to let to to achieve them
try to grow my self confidence
try to see the process step by step,
avoid crisis, big losses
focus on the process
first focus i set was to set stop loss of 3 ticks, and avoid big losses
second goals was try to take the 3 ticks

fear and anxiety:
to overcome them i need to acept them

self talk:
try that a self talk be very kind

negative thinking:
understand that the thoughts are different that "Me"
the negative thinking we meed to stop it
how? with a stop thinkin ,and also wake up and get out of the screen , close eyes, deep breath

focus and concentration:
search on my words of self talking ,each time that i find myself thinking in a word "I" or "me" stop inmediatly and come back to the market

tools:
use the 2 termomethers (frustration and overconfidence

journaling the thougts process:
write 3 parts: 1)describe the event, the problem, what i thinking,2) what did i tell to myself wite the thougs, and feeling (also think to record) 3)what i did as a consequences of my self talk?
"search for automatic patterns"

warnings:

Hope and losing trades, because they start the process to want to go break even, and for that i can do bad things, move stops, then this give me frustration and sadness
then, when appear Hope better to go flat and think

re read the journal:
detect the worst trades and analisys them


Last edited by alejo; October 17th, 2013 at 04:46 PM. Reason: correct
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thougts 21 oct on trading in the zone tiz

i was reading tiz trading in the zone, and today i try to think in probabilities and think that te outcame of each trade is no t important, to try to calm down while i am taking the trade.
i remember to my self that.
if does not take importance the outcame then no reason to have fear
and if anything can happen... the i am waiting whatever...no problem, why fear..

watch waht happen openly and no matter what happen..

i continue tomorrow with same thougts

i am really in a critical point in my experiment on the journal thread, because the slipe down probably can stop, if stops it is the first time

i try not to think in that an execute the trades. and wait. and accept. will it work?

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  #5 (permalink)
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Hi alejo,

Good stuff here.
Hope it will help you to get needed skills and discipline in trading.

Also not more important, I am still waiting for your answer by email regarding learning materials. Hope to get the links by tomorrow.
Good luck.

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  #6 (permalink)
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concepts of tiz: goal to be consistent winner

i have finish the book TIZ and there s i got:

the key are the believes, they are to be in line with the goals and everything flow
if i have the believe, then i can have the behavior
one condition is watch the market objetively
to do that:
think :1)theres unknow forces 2)each moment is unique (can look seems to a previous one)
then we expect neutral, with focus in now moment

warning: in the moment, when i assume that i know what will happen next , automatically i will swith rigth mode to be right, and i ll be waiting to be rigth and i lost!!

i need to be neutral, focus on the moment and expecting anything can happen

with this mindset, i avoid the mistakes, watch without mind filters that alter the now

then, trust in me, more selfttrust, i feel trust, i execute easily trades

with these experiencies start to build my new believes, and then with that believes , i will behave in the consistency winning mode

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Hey Alejo, good luck on your journey. Have you had a chance to read this book? Could be very helpful!

The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist (Wiley Trading): Brett N. Steenbarger: 9780470398562: Amazon.com: Books

Trade to live. Not live to trade.
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i am a consistent winner because

extracting from tiz

1)I identify objectively my edge (the key is objectively ,see previous post)
2)I predefine the risk in each trade
3)I completely accept the risk and i am desire to let it run the trade
4)I am acting on my edge without hesitation
5)i pay myself when the market let the money available to me
6)I continuosly monitoring my susceptibility to making mistakes
7) I understand the absolute neccesity of these principles to be consistent winner, and never will violate them

all of them are in consonancy with the 5 trues to always keep in mind:

1)anything can happen

2)I do not need to know what will happen next to earn money
i believe i only need:
1 if the probability are in my favor before to enter the trade
2 how much it will cost me
3 i dont need to know what will be happen
4 can happen anything
(with this 4 things never the market can let me become wrong)

3) there is a random distribution between the winners and losers, for a set of variables (edge)
then the outcame of only a trade or string of trades does not matter, that it is important ,it is in long run

4)the Edge is not more than an indication that one thing happen with more probability than other

5)each moment is unique
i can not know what it will happen, based on the previous , also it looked similar


Last edited by alejo; October 22nd, 2013 at 08:48 AM. Reason: correct
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the daily trading coach book


xelaar View Post
Hey Alejo, good luck on your journey. Have you had a chance to read this book? Could be very helpful!

The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist (Wiley Trading): Brett N. Steenbarger: 9780470398562: Amazon.com: Books

yes, i am reading it and i working on that, i am using this thread to help me in the journey

thanks

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fear, afraid and mistakes


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

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