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Search: Posts Made By: Big Mike
Forum: Trading Journals January 20th, 2012, 12:15 AM
Replies: 604
Views: 63,362
Posted By Big Mike
Posting about it and enduring is what will make...

Posting about it and enduring is what will make you think twice about any mistakes made today should you be in a position of repeating them in the future.

Mike
Forum: Trading Journals January 5th, 2012, 08:08 PM
Replies: 604
Views: 63,362
Posted By Big Mike
Some observations/comments: - Only trade one...

Some observations/comments:

- Only trade one direction on any given day in the beginning. Long only. Short only. Look at your big charts and decide which side of the trade you want to be on,...
Forum: Trading Journals January 5th, 2012, 04:53 PM
Replies: 604
Views: 63,362
Posted By Big Mike
vovan348, how many times did you trade in...

vovan348, how many times did you trade in opposite directions today? Like long, short, long, short, long short?

How many times did you take a trade, get stopped, and re-enter the same direction?...
Forum: Trading Journals September 11th, 2011, 12:38 AM
Replies: 604
Views: 63,362
Posted By Big Mike
MFE is maximum favorable excursion. It...

MFE is maximum favorable excursion. It represents the furthest positive gain while the trade is open. The pullback has nothing to do with anything -- once a trade is live, the MFE is the best exit...
Forum: Trading Journals September 10th, 2011, 02:35 PM
Replies: 604
Views: 63,362
Posted By Big Mike
Thanks for posting. I really like to analyze...

Thanks for posting.

I really like to analyze MFE. I have what I call "efficiency", which is my PL on a trade vs MFE. For instance, if my exit was 10 ticks and MFE was 20 ticks, I am 50%...
Forum: Trading Journals September 10th, 2011, 02:22 PM
Replies: 604
Views: 63,362
Posted By Big Mike
Sorry you had a bad day/week. Can you adjust...

Sorry you had a bad day/week. Can you adjust your report to show MAE and MFE columns?

Mike
Forum: Trading Journals September 4th, 2011, 04:34 PM
Replies: 604
Views: 63,362
Posted By Big Mike
I believe videos can be quite powerful, but they...

I believe videos can be quite powerful, but they are also very time consuming both from a production standpoint as well as a review/analysis standpoint.

Personally, I used my webcam and Camtasia...
Forum: Trading Journals September 3rd, 2011, 04:03 AM
Replies: 604
Views: 63,362
Posted By Big Mike
I strongly encourage you to write down a few...

I strongly encourage you to write down a few words after every trade. Just a short reason why you entered, and then again for why you exited. Do it within seconds of the trade. Don't do it 5...
Forum: Trading Journals September 2nd, 2011, 12:49 AM
Replies: 604
Views: 63,362
Posted By Big Mike
Great job with your journal. Do you go back...

Great job with your journal.

Do you go back and watch your videos or review your posts every now and then? Do you take notes as to what you are seeing, like common recurring patterns?

Mike
Forum: Trading Journals July 29th, 2011, 01:52 PM
Replies: 604
Views: 63,362
Posted By Big Mike
:good job: Nice job on your journal, keep up...

:good job:

Nice job on your journal, keep up the work and it will continue to pay off.

:tgif: :chairdance:

Mike
Forum: Trading Journals June 9th, 2011, 08:29 PM
Replies: 604
Views: 63,362
Posted By Big Mike
Some advice: - Why did you get out? - Most...

Some advice:

- Why did you get out?
- Most people set their stops based on pain threshold. This makes no sense, set your stop based on price action. If required stop is too big for your pain...
Forum: Trading Journals June 6th, 2011, 06:58 PM
Replies: 604
Views: 63,362
Posted By Big Mike
Nice job on your journal video, looking forward...

Nice job on your journal video, looking forward to more.

Mike
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