NexusFi: Find Your Edge


Home Menu

 





My Journey to Psychological and Physical Health


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one ZTR with 44 posts (102 thanks)
    2. looks_two Fat Tails with 9 posts (17 thanks)
    3. looks_3 PandaWarrior with 3 posts (5 thanks)
    4. looks_4 syxforex with 3 posts (3 thanks)
      Best Posters
    1. looks_one George with 10 thanks per post
    2. looks_two Big Mike with 9 thanks per post
    3. looks_3 ZTR with 2.3 thanks per post
    4. looks_4 Fat Tails with 1.9 thanks per post
    1. trending_up 19,562 views
    2. thumb_up 159 thanks given
    3. group 13 followers
    1. forum 78 posts
    2. attach_file 23 attachments




Closed Thread
 
Search this Thread

My Journey to Psychological and Physical Health

  #31 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393


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.
Please visit this thread for more information.
Attached Thumbnails
Click image for larger version

Name:	YM 09-10 (128 Volume)  8_24_2010_1252.jpg
Views:	253
Size:	90.5 KB
ID:	19076  
Visit my NexusFi Trade Journal Started this thread

Can you help answer these questions
from other members on NexusFi?
Looking for an MQL4 MetaTrader programmer/coder
The Elite Circle
Request for MACD with option to use different MAs for fa …
NinjaTrader
NexusFi Journal Challenge - May 2024
Feedback and Announcements
Ninja Trader 8 Drawing Tools Wanted
NinjaTrader
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Retail Trading As An Industry
48 thanks
NexusFi site changelog and issues/problem reporting
46 thanks
Battlestations: Show us your trading desks!
34 thanks
GFIs1 1 DAX trade per day journal
32 thanks
Friendly challenge question to vendors
19 thanks

  #32 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,404


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
The following user says Thank You to PandaWarrior for this post:
  #33 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393


..........

R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
Attached Thumbnails
Click image for larger version

Name:	IMG_20100825_150220.jpg
Views:	274
Size:	1.07 MB
ID:	19175   Click image for larger version

Name:	CL 10-10 (128 Volume)  8_26_2010_911.jpg
Views:	224
Size:	91.1 KB
ID:	19176  
Visit my NexusFi Trade Journal Started this thread
The following 3 users say Thank You to ZTR for this post:
  #34 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393

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.
Please visit this thread for more information.
Attached Thumbnails
Click image for larger version

Name:	YM 09-10 (32 Volume)  8_26_2010_1304.jpg
Views:	249
Size:	114.5 KB
ID:	19186  
Visit my NexusFi Trade Journal Started this thread
The following user says Thank You to ZTR for this post:
  #35 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393

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.
Attached Thumbnails
Click image for larger version

Name:	YM 09-10 (128 Volume)  8_27_2010_828.jpg
Views:	193
Size:	78.1 KB
ID:	19244  
Visit my NexusFi Trade Journal Started this thread
The following user says Thank You to ZTR for this post:
  #36 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393

[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.
Attached Thumbnails
Click image for larger version

Name:	YM 09-10 (128 Volume)  8_27_2010_1302.jpg
Views:	234
Size:	91.9 KB
ID:	19269   Click image for larger version

Name:	8-27-2010 13-13-15_LVol.jpg
Views:	259
Size:	363.3 KB
ID:	19272  
Visit my NexusFi Trade Journal Started this thread
  #37 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102

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.






The following 3 users say Thank You to Fat Tails for this post:
  #38 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393

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.
Visit my NexusFi Trade Journal Started this thread
The following 4 users say Thank You to ZTR for this post:
  #39 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393

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 [AUTOLINK]DOM[/AUTOLINK] thread.

R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
Attached Thumbnails
Click image for larger version

Name:	8-29-2010 22-53-54.jpg
Views:	206
Size:	207.9 KB
ID:	19395   Click image for larger version

Name:	8-30-2010 09-51-48.jpg
Views:	197
Size:	208.0 KB
ID:	19396  
Visit my NexusFi Trade Journal Started this thread
The following 2 users say Thank You to ZTR for this post:
  #40 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
Platform: NinjaTrader7
Broker: Mirus RCG/Zen-Fire
Trading: CL & 6e, looking at ES, ZB and AU again.
Posts: 2,096 since Nov 2009
Thanks Given: 1,099
Thanks Received: 1,393


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.
Please visit this thread for more information.
Visit my NexusFi Trade Journal Started this thread
The following user says Thank You to ZTR for this post:

Closed Thread




Last Updated on December 30, 2010


© 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