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I Can't Make a Friend of the Trend
Updated: Views / Replies:428 / 13
Created: by Leon of Pizza Attachments:4

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I Can't Make a Friend of the Trend

 
Elite Member
St. Louis
 
Trading Experience: Beginner
Platform: thinkorswim, NT8
Favorite Futures: equity and fx futures and options
 
Leon of Pizza's Avatar
 
Posts: 111 since Sep 2013
Thanks: 75 given, 134 received

1st practice

Tried it out on Pres day. This is the journal entry:

Replay. RTY 2/15/19. Attempt to condition myself for with-trend will to participate. First practice so made some rules:

1. General replay and sim rules - except the random pick. Pick a known trend day.
2. No counter-trend trades.
3. Exit at all regular T1 exits. This makes for more with-trend planning and entry experience, because it puts me flat more often and for more time. (Size is still limited to 2, so just canít buy bigger and swing).

Presidents day and started 6h or more late. I immediately noticed that my memory of the day wasnít right and this feeling carried through to quitting time. They made a series of contracting bull flags through the day. I knew the first 2 were big enough to stop me out, but wasnít sure beginning around late morn. I didnít feel any bullish certainty, like I expected, but rather the regular level of uncertainty that is average for most days. Being wed to the with-trend side felt like a neutral comparison w/ the not knowing feeling of live. Using the regular risk/reward methods is key to being able to test these feelings.

The result was a surprise, but Iím still optimistic that the intended conditioning is possible. Maybe the big secret solution to beating a counter-trend bias is the revelation that neutrality is key. That at least sounds like an improvement. First time out experience has me wanting to go again.

----------------- end of journal entry

Then today, traded like I always do. I sold the 1st PB for a winner and I was one and done on the day. Couldn't be bothered to take a buy for the rest of the day. I'm less pessimistic about it anyway.

 
 
Elite Member
Columbus, Ohio
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: NQ
 
WoodyFox's Avatar
 
Posts: 87 since May 2016
Thanks: 23 given, 173 received


Leon of Pizza View Post
Greetings all, I could use some help with my mental problem. I find it difficult to participate in one-sided markets.

I've had this problem for years and my record shows that during these periods, my trade count is lower and my scratch count is higher.

Hate to be blunt. Do you have a fear of the bigger stops? The big boys don't let you ride those trends without some effort. I always tell myself "If you won't to ride the trend to the top, get a bigger stop". They will tell you when their done, so don't take yourself out by having unreal stops.

The following user says Thank You to WoodyFox for this post:
 
 
Elite Member
Columbus, Ohio
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: NQ
 
WoodyFox's Avatar
 
Posts: 87 since May 2016
Thanks: 23 given, 173 received


Felt bad for being blunt
Here is a little proof for bigger stops. My first trade today, I got stopped out leaving 17.5
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Elite Member
Columbus, Ohio
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: NQ
 
WoodyFox's Avatar
 
Posts: 87 since May 2016
Thanks: 23 given, 173 received

Here is today's examples:
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