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My Journey to Psychological and Physical Health


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My Journey to Psychological and Physical Health

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  #31 (permalink)
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
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Fat Tails View Post
The problem is the same as in trading. I need to overcome anchoring to achieve consistency. A stop-loss that has been triggered removes the bias created by my position. After the stop-loss has been triggered, I am free again to consider all three options available. Going short, going long or doing nothing.

Here is example that, thought short was possible turns out I was early. But I knew that there was one more rise up in this possible, just from experience. So I reversed. Basically breakeven for the day is I'm only trading when feeling well. Which takes me hours before that happens.

Next time I'll take the next short. I'm was just happy to get out with breakeven. So I realize that self-imposed rules also need to be flexible. It's not a matter over trading is a matter trading at the right time.

R.I.P. Andy Zektzer (ZTR), 1960-2010.
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  #32 (permalink)
In the heat
 
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Fat Tails View Post
It is easy to achieve consistence here: Decide whether the girl should be spinning clockwise or counter-clockwise. Then look at a point below her feet. When you look up again she follows the direction you imagine. Just need to disconnect your brain from the moving image to allow for a change. This is just another type of anchoring.

I was able to make her change directions for the first time today. Not once but several times. Last time I tried, I could not get her to switch. Does this mean something. Maybe not, but it does mean I paid attention to @Fat Tails instructions on how to do it!

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #33 (permalink)
 
Experience: Advanced
Platform: NinjaTrader7
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Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
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..........

R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
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  #34 (permalink)
 
Experience: Advanced
Platform: NinjaTrader7
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Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
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Was not sharp today so did some crazy simming, felt 10,000 would be stopping point and shorted into the rally after. This was to see if I had a feel. Did, but was not concentrating enough to go live. Yellow are shorts, 1 car at a time, and other arrows are covers, also 1 car at a time. NT 7 can actually do this, as I have shown in the past, so paring down to 10 cars makes this a possible way to build up and unwind a position.

R.I.P. Andy Zektzer (ZTR), 1960-2010.
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  #35 (permalink)
 
Experience: Advanced
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Feelin' really slow today. Woke up late, decided to see if I could read the DOM.

I can but not for very long. I'm seeing trades all time I'm just a little too slow on meds. But it's way better than before.

R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
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  #36 (permalink)
 
Experience: Advanced
Platform: NinjaTrader7
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Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
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[11:11:32] ZTR: Now there's low volume (to)75.40.
& Look where CL is finishing. Next week after a few days of tradeing YM I will start trading CL live again.

I was too slow today, but I am feeling so much better. Make one more trade. Lost 4 pips

Down about four dollars for the day. Not bad considering that I really over did this week. But what doesn't kill you or disable you too much, makes you stronger.

Will take it easy this weekend. Do some replay. Go back over the setups unidentified as having a high probability of success, & build an entry system that minimizes risk and preserves capital.

My goal for being consistent by September maybe delayed a little bit. But only by a few weeks.

R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
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  #37 (permalink)
Market Wizard
Berlin, Europe
 
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I am just discovering rolling pivots. They are an excellent indicator for balancing price action and a predictor of a trend. Two charts for CL:

The first chart shows the 3 day-rolling pivot ranges. What is the meaning? A narrow pivot range shows that price closed near the balance line. This either means low volatility or a balancing price action. The pivot ranges of the last 3 days show that they were stabilizing. On Wednesday the main pivot below the balancing line, yesterday at par, and today already above. See first chart below.


The daily pivot range was already ways up and well this morning. When the downside breakout from the opening range stalled, this was a once in a month opportunity to go long. The extremely narrow pivot range showd that yesterday was a balancing day, which increased the odds for a trend day. The downside stalled breakout added the fuel of the squeezed shorts. See second chart below.






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  #38 (permalink)
 
Experience: Advanced
Platform: NinjaTrader7
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Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
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The last two weeks was about changing habits.

So, I worked on spending a reasonable amount of time on the forum, none for a week and then only when I felt there was something I should look at. Tried to find my physical limitations and make sure I consistently, yet slowly, expand them. Believe these were accomplished.

The next goal is to start physical therapy in 3 weeks. But most important, work on visualizing how I want to live my life. This just requires some quiet time each day & I can combine it with some very light stretching. So it will satisfy two goals.

When I was reading a lot of threads the same idea would show up in different threads at the same time. This week it was trading less. I read very little this week but both the @TheWizard and @aztrader9 mentioned this.

This is the next goal to be incorporated. Pick times I feel good and trade then. But once started, limit it to a reasonable amount of time. Again, this will depend on how I feel. But have learned that sitting here all day is not productive.

One only needs a few high probability entries a week to be successful. After a trade, stop for a while & reset, no matter the outcome.

R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
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  #39 (permalink)
 
Experience: Advanced
Platform: NinjaTrader7
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Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
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So This will be short as I broke Dragon Naturally speaking.

I made several sim trades, should have gone live, but I was in pain last night and medded up, still am.

Here are 2 trades: YM last night and CL this morning.

I have been visualizing doing all the things I want to do when I recover, including trading well. I will post the details in the Price, Volume & the DOM thread.

R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
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  #40 (permalink)
 
Experience: Advanced
Platform: NinjaTrader7
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Trading: CL & 6e, looking at ES, ZB and AU again.
 
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Posts: 2,099 since Nov 2009
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After a few scary days of a graft vs. host flare-up, was really scared that this was the end. I am at peace with that, but the fighter in me can't accept that it is inevitable. So, I made my usual ruckus...

Today, my doc came through and will start an ancillary treatment to attenuate my immune system, this begins Friday. This will give Gleevec and Cyclosporine a chance to get ahead.

Now, I have hope.

Remember - only the most cantankerous patients survive & thrive! You are completely responsible for your own: happiness, survival and outcomes. Visualize positive outcomes and good things will happen.

Trading will have to wait as the new regime requires a higher steroid dose and my return to heavy pain meds until results are evident. I can live with that.

R.I.P. Andy Zektzer (ZTR), 1960-2010.
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December 30, 2010


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