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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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
try that a self talk be very kind
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
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"
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 03:46 PM.
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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?
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
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 07:48 AM.
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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:
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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